Broadband plan to cost Telecom millions

By JENNY KEOWN BusinessDay.co.nz |11:47am

Telecom says its earnings guidance will be impacted by up to $56 million annually in the 2011, 2012 and 2013 financial years due to the Government's rural broadband plans.

NZX 50 Index
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-10.80
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NZX 15 Index
5741.873
-18.92
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NZX 50 Portfolio Index
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NZX SciTech Index
726.079
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As at 12:07 pm, 16 Mar (20 min delay)

Financial crisis hits Southern Travel results

NZPA |11:24am

Travel and tourism services company Southern Travel Holdings reported a $538,000 half year loss as it confronted the global financial crisis, impacts of swine flu, and foreign exchange movements.

Share market shrugs off flat Wall St lead

NZPA |10:50am

The New Zealand share market edged up in early trading, following a flat lead from Wall St.

Marsden Pt margins up 'significantly'

NZPA

Refinery margins at Marsden Pt showed "significant" improvement in the first two months of 2010, after starting to show some recovery in December, the New Zealand Refining Company says.

Australian dollar dips on ratings fears

AAP

The Australian dollar opened a touch lower as risk averse investors sold off the local currency over credit ratings fears for the UK and the US.

Market Movers

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SGL
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Market Snapshot


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Managed Funds »

Super Fund picks 'catastrophe bonds'

$253m into retail managed funds

Kauri bond raises $225m

Positive month for Super Fund

Economy »

Britain's AAA rating 'safe for now'

OECD bullish about 2010 recovery

US politicians demand action on yuan

US manufacturing brakes sharply

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