Stories by Pattrick
Vodafone NZ reports $121 million annual loss
Thu, 27th Aug 2015
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uc
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telstra
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market
Falling revenue and a final year of substantial costs for integrating with the Telstra Clear business saw Vodafone NZ turn in a loss of $120.7m.
TeamTalk annual earnings slump 53% in 'tough year'
Thu, 27th Aug 2015
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uc
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fintech
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finance, leasing & rental
In a challenging year, TeamTalk's annual profits plummet 53% amid falling sales despite their optimistic outlook for the future.
Wynyard 1H loss widens as sales climb 39%, says stock price doesn't reflect value
Tue, 25th Aug 2015
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wynyard group
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ipo
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sales
The company will launch its new cyber threat analytics software in the second half of 2015, which will deliver significant recurring software revenue.
Datacom topples Spark as NZ's biggest IT services provider
Wed, 19th Aug 2015
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uc
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healthtech
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it services
Datacom, the privately-held IT services firm, surpassed Spark New Zealand as the country's biggest information technology services provider.
Govt wants to limit UFB involvement, wary of stuffing up sector, English says
Fri, 24th Jul 2015
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uc
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government
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ufb
The government doesn't want to spend any more money or stay any longer in the build of New Zealand's ultra-fast broadband network.
Adams targets UFB land access, power line use in proposed law change
Wed, 10th Jun 2015
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uc
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ufb
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broadband
Amy Adams wants to reduce consenting delays affecting an estimated 15 percent of households in the government-sponsored UFB roll out.
Wynyard seeks $45 million in placement, share purchase plan to fund growth
Tue, 9th Jun 2015
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contracts
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cash flow
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partners
Wynyard Group wants to raise $45 million in a discounted share offer to fund more staff and product development as it chases global growth.
Kim Dotcom gets interim reprieve from asset seizure
Fri, 5th Jun 2015
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megaupload
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legal battle
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police
Kim Dotcom and his fellow Megaupload co-accused Bram van der Kolk have won a reprieve from having assets seized by the Crown and passed onto the US.
Spark plans $100 million share buyback to gear up balance sheet
Tue, 2nd Jun 2015
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uc
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spark
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retail
The buyback aims to return Spark's gearing to a more appropriate level after the sale of Telecom Rentals and its share of Telecom Cook Islands.
Changes ahead as Sky TV announces new developments
Wed, 27th May 2015
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uc
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sky
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partners
Sky outlined three key developments; its partnership with Vodafone, Neon service and online access for certain sporting events.
2degrees posts reduced loss of $33.6 mln, will launch UFB bundled offer soon
Tue, 26th May 2015
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uc
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spark
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banking
Two Degrees is still burning cash but has once again reduced its financial losses, recording a $33.6 million net loss for calendar 2014.
NZ retail sales rise a record 2.7% in 1Q as back-to-school drives electronic goods
Thu, 14th May 2015
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nz retail sales
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tablets
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retail
NZd retail sales rose at a record pace in the first three months of 2015 as the start of the school year underpinned demand for consumer electronics.
Spark's market cap slips, as investors weigh increased competition
Fri, 24th Apr 2015
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uc
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spark
Spark has slipped from being NZ's largest listed company, as investors mull its transformation away from telecoms & the risk of increased competition.
NZ food prices rise at fastest pace since 2011, led by rising fruit and veggie prices
Wed, 15th Apr 2015
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statistics nz
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food
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retail
New Zealand food prices rose at their fastest annual pace in over three years in March, pushed higher by rising fruit and vegetable prices.
Liquidators of China milk exporter may claw back $145,200 from Chinese directors
Tue, 14th Apr 2015
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ird
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ncf international
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liquidation
Liquidators of a failed milk exporting company, which became insolvent after losing an unfair dismissal case with employees, may force the company's C.
New Zealand still has 'rock star economy', says HBSC chief economist Bloxham
Thu, 9th Apr 2015
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new zealand dollar
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inflation
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hsbc
HSBC chief economist Paul Bloxham, who first coined the phrase 'rock star' in January last year to describe New Zealand's economic growth, says it's s.
Michael Hill warns full-year result under pressure due to tough Australian market
Thu, 9th Apr 2015
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retail
Michael Hill International, the listed jewellery retailer, says a drop in same store sales in its biggest market of Australia in the first nine months.
NZ dollar falls after US data suggests labour market less weak
Wed, 8th Apr 2015
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rbnz
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new zealand dollar
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payroll
The New Zealand dollar fell after US economic data including job openings suggested the labour market in the world's biggest economy isn't as weak as.
MARKET CLOSE: NZ shares rise; Summerset gains on 1Q sales
Tue, 7th Apr 2015
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healthtech
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nzx
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wall street
New Zealand shares rose with Summerset leading on strong 1Q sales; A2 Milk and SkyCity fell due to a strong kiwi dollar affecting trans-Tasman exposed stocks.
Aussies to buy Spark's international voice business
Thu, 2nd Apr 2015
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uc
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spark
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acquisition
My Net Fone, an ASX-listed provider of hosted voice and data communications services, will buy Spark NZ's international voice business for $22.4M.