Memo to the NZX and Securities Commission: Please boot Plus SMS off the sharemarket and let the courts sort out this penny dreadful.
Stories by Gareth Vaughan
Telecom posted a 14% rise in third quarter profit, boosted by a dividend from its Southern Cross cable business and lower cost of sales in its mobile phone business.
One of the country's longest running and most entertaining business stories may finally be coming to an end.
As listed companies queue up to sup from the capital raising well, the question needs to be asked as to whether our largest listed company might join them.
Gone are the irritating TV ads and with them Ferrit, Telecom's loss making online shopping mall. While he's in clean up mode chief executive Paul Reynolds should now sell Telecom's perennial Australian albatross, AAPT.
Telecom has cancelled its fourth quarter dividend reinvestment plan and share buyback as it looks to speed up the launch of its new mobile phone network.
Yellow Pages Group has bought a majority stake in grownups.co.nz, a website aimed at people over the age of 50.
Telecom's selection of Saatchi and Saatchi boss Kevin Roberts to replace former Brierley Investments legal counsel Patsy Reddy on its board has been labelled a "left field" choice by investors.
TradeMe founder Sam Morgan, and his fellow early investors in the internet auction site, have received a further $45.2 million for the business from Fairfax Media.
Telecom shares fell 10 per cent today after the company posted a 30 per cent fall in fourth quarter profit and disappointed the market with its guidance for the 2008-09 year.
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