TVNZ set to spend most on local content in a decade

TVNZ boss Kevin Kenrick says the company is set to spend big on content in the second half of this year. "Our investment in local content will be the strongest it's been in a decade," Kenrick told the Herald today."We really feel... Source: NZ Herald Business News

By | February 25th, 2021|Business|0 Comments

How teenagers, shared Wi-Fi and working from home could be a business security risk

Teenagers downloading and streaming games and movies at home can be a huge security risk for employees working from home.A cyber-security expert is warning shared family Wi-Fi can leave businesses with employees working from home... Source: NZ Herald Business News

By | February 25th, 2021|Business|0 Comments

Tourism Holdings pays down debt with accounts pummelled by Covid

Tourism Holdings has significantly reduced debt after a disastrous year for tourism-related companies but will likely seek further funding as it re-invests in a new vehicle fleet.The company posted a net loss after tax of $1.77... Source: NZ Herald Business News

By | February 25th, 2021|Business|0 Comments

Scales lifts 2020 profit, bad weather could weigh on 2021

Scales Corp eked out a slight gain in its operating earnings over the 2020 year but the agribusiness group said bad weather and shipping delays would weigh on the current year's performance.The company's underlying ebidta for calendar... Source: NZ Herald Business News

By | February 25th, 2021|Business|0 Comments

News returns to Australian Facebook feeds from Friday

News will be back in Australians' Facebook feeds from Friday, Australia Treasurer Josh Frydenberg has said.Speaking to 2GB radio station after the Federal Government's contentious media bargaining code passed into law, Frydenberg... Source: NZ Herald Business News

By | February 25th, 2021|Business|0 Comments

Australia passes world-first new law forcing Facebook and Google to pay for news content

Australia has become one of the first countries in the world with the power to force tech giants to pay for the news they use after a controversial law passed in parliament today. The News Media and Digital Platforms Mandatory Bargaining... Source: NZ Herald Business News

By | February 25th, 2021|Business|0 Comments

Comvita back in profit driven by US and China markets, dividends to resume

Mānuka honey exporter Comvita returned to profit in the first half, driven by growth in its China and North America markets.The company's net profit came to $3.5 million in the six months to December, compared with a $12.97m... Source: NZ Herald Business News

By | February 24th, 2021|Business|0 Comments

A2 Milk shares dive after first half profit drops 35% on daigou disruption

A2 Milk's share price dropped sharply after the company reported a decline in first half earnings.By late afternoon, the stock was down $1.61 or 14.4 per cent at $9.52.The company earlier said its net profit dropped by 35 per... Source: NZ Herald Business News

By | February 24th, 2021|Business|0 Comments

Facebook says it will pay $1.3 billion over three years to news media

Facebook, following in Google's footsteps, says it plans to invest US$1 billion ($1.34b) to "support the news industry" over the next three years.The social networking giant, which has been tussling with Australia over a law that... Source: NZ Herald Business News

By | February 24th, 2021|Business|0 Comments

'Stark but not surprising': Covid-hit Qantas announces $1 billion loss

Qantas has revealed the latest damage bill stemming from the coronavirus pandemic, announcing an eye-watering net loss of A$1.03 billion (NZ$1.1b). On Thursday morning, Australia's major airline posted the billion-dollar loss, a... Source: NZ Herald Business News

By | February 24th, 2021|Business|0 Comments