
FMA to clamp down on profit spin doctoring
The days of companies highlighting profit numbers that strip out all the bad news could be numbered as the Financial Markets Authority moves to clamp down.
The days of companies highlighting profit numbers that strip out all the bad news could be numbered as the Financial Markets Authority moves to clamp down.
The partial float of Trade Me has been priced at $2.70 a share, and Fairfax will walk away from the float with $530m.
Television New Zealand has confirmed Anthony Flannery - its head of news and current affairs - has resigned.
Trade Me's parent company Fairfax Media Limited has today announced plans to sell 30 per cent and 35 per cent of Trade Me in a float on the New Zealand stock exchange. Former Fairfax chief David Kirk, who made the decision to buy the…