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APN ekes out 1H profit on asset sales, looks at quitting brandsExclusive retail site

APN News & Media, the Australasian publisher of the New Zealand Herald newspaper, returned to profit in the first half of the financial year as it sold assets and clamped down on costs, and is mulling the sale of its underperforming brandsExclusive retail website. The Sydney-based media group reported net profit of A$12.8 million, or 1.9 cents per share, in …

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Transpower pays $295M dividend to government as profit soars on asset sale

Transpower, the state-owned national electricity grid operator, will pay the government almost $295 million in dividends for this year after annual profit more than tripled. data entry online jobs The Wellington-based company, which isn’t among SOEs slated for partial privatisation, will pay a final dividend of $137 million to the government, adding to its special dividend of $65.7 million declared …

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Fonterra managers failed to immediately escalate WPC80 concerns to CEO, review finds

Managers at Fonterra Cooperative Group waited days before escalating a clostridium bacteria contamination that led to a global recall up to chief executive level, according to the dairy giant?s own operational review. As a result of the review, Fonterra is to create a new role of group director of food safety and quality, answering direct to the CEO. It will …

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