
NZ shares drop in region-wide sell-off
New Zealand shares fell yesterday in a region-wide sell-off as uncertainty over Greece's financial stability overshadowed equity markets.
New Zealand shares fell yesterday in a region-wide sell-off as uncertainty over Greece's financial stability overshadowed equity markets.
Broadband users are unlikely to see any immediate changes to their monthly bills after the announcement of a new wholesale pricing decision.
Broadcasters have won the 'global mode' world streaming battle - ISPs say they'll stop offering the service from September.
The brazen actions of Call Plus - promoting its Global Mode method of accessing foreign television, ultimately killed the service, says media writer John Drinnan.
The Spark-owned video-on-demand service Lightbox will be bidding for streaming rights for NRL games, forcing Sky to defend its stranglehold on mainstream TV sport.
Spark says it's moving into the home security business, with a new smartphone based service named Morepork.
Streaming services have increased congestion on broadband services for the second month in a row.
New Zealand shares rose yesterday, paced by Genesis Energy, Contact Energy and Mighty River Power in a relief rally as Meridian Energy's instalment came due.
Film and television streaming firm Netflix has released its first assessment of New Zealand broadband speeds since launching in the country in March.
NZ Netflix customers can now see for the first time which company offers the service at the fastest speed.
Outgoing Spark executive Chris Quin has been named as the new Foodstuffs North Island CEO.
Spark has started a new lobbying campaign in an effort to stop the Commerce Commission setting a big wholesale price rise that will raise copper broadband prices for internet providers.
Spark has fallen from being the NZX's largest listed company by market capitalisation, valued at $6.51 billion in February, to the third largest at $5.17 billion.
New Zealand shares fell, led by Fonterra Shareholders' Fund, after the world's biggest dairy exporter lowered its guidance for dividends
Spark chief executive Simon Moutter has taken a swipe at new competitor Netflix, saying the TV streaming company is taking advantage of GST loopholes.
Is it fair big companies extract hundreds of millions of dollars of profit each year from the economy, yet contribute little or nothing to fund a civil society?
Leading telecommunications company Spark actively considered becoming the cornerstone sponsor of the new Paul Henry breakfast show, but has pulled out, writes John Drinnan.
Spark has agreed to sell its Telecom Rentals business for $106 million to Australian financial services company FlexiGroup.
Spark yesterday reignited the copper pricing debate, hitting out at the Commerce Commission and Chorus after the commission set its draft price.