Recent Posts

Telecom launches residential UFB with cheapest option at $95 a month

Telecom Corp, which is in the process of overhauling its business, has launched its pricing plans for ultra-fast broadband, with the cheapest option available at $95 a month. The country’s biggest phone company is offering national pricing plans for households, small businesses and schools over Chorus’ fibre network and is still working on products with three other UFB partners, it …

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Hallenstein Glasson lifts 1H profit 15 percent, sales lag as weather stays warm

Hallentein Glasson, which runs the clothing chains for which it’s named, lifted first-half profit 15 percent to meet the bottom of its own forecast range, and has struggled to gain traction due to unseasonally warm weather. Net profit rose to $10.3 million, or 17.39 cents per share, in the six months ended Feb. 1, from $9.8 million, or 15.14 cents, …

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MightyRiver CEO confirms 2014 departure, triggers $500k special payout

The founding chief executive of MightyRiverPower, Doug Heffernan, will leave the company next year after 16 years at the helm under arrangements that trigger a $500,000 retention payment on top of his existing salary of almost $1.5 million last year. The arrangements mean Heffernan will see through the company’s partial privatisation and its first full financial year as a publicly …

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