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22 Aug 2025

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Three suspicious scrub fires lit in Wellington

Pair rescued from life raft in stormy Marlborough Sounds

Woman in court after grave dug up and suitcase stolen

NZ stocks: Sky City propels NZ shares higher after Tabcorp talk
A strong rise in casino operator Sky City Entertainment, boosted by hopes of takeover activity, supported the sharemarket today.The NZX-50 gross index, which lost 32 points yesterday, was up 14.98 points or 0.4 per cent at 3532.61...

Stock takes: Lucrative queries
Talk that Telecom was tendering its partnership with Xtra shows the telco it is pushing ahead with its plan to sell its directories business.Listings in the Yellow Pages - like the rest of the world's classified advertising -...

ihug ad went too far, authority rules
A complaint accusing internet provider ihug of misleading advertising has been upheld.M. McNatty complained to the Advertising Standards Authority that he responded to an advertisement promising broadband internet with a 3GB download...

St Laurence consolidates under a single umbrella
Australasian investment and finance company St Laurence has been given the go-ahead to create a $1 billion funds management business under a single company called St Laurence Ltd.Debenture stockholders voted in favour of the proposal...

GPG set to profit from Tower split
Tower's cornerstone shareholder Guinness Peat Group stands to make a killing on the rights issue that follows the company's proposed split into separate Australian and New Zealand businesses the Shareholders Association says.Investment...

Hedge-fund burnt by wrong bets on natural gas
A US hedge-fund company has imploded after making wrong-way bets on natural gas, losing about US$6 billion ($9.12 billion).Amaranth Advisors said its losses swelled by US$1.4 billion this week because the firm had to unload assets...

Telecom 'abusing position' with cut-price internet
Telecom's plan to sell broadband internet access to its Xtra customers for less than it charges its wholesale customers is a sign the telecommunications company is continuing to abuse its dominant market position, its competitors...

Woman falls down bank
A 55-year-old woman was airlifted to Rotorua Hospital yesterday afternoon after falling 15m down a bank in a remote part of East Cape.She had been riding a quad bike and tumbled off before falling down the bank near the settlement...

Mayne shares jump 35pc after Hospira bid
MELBOURNE - US drug maker Hospira offered A$2.6 billion ($3 billion) for Australian generic cancer drugs group Mayne Pharma to become the top global provider of injectable drugs to hospitals.In the latest deal in a fast consolidating...

Boost for Provincial investors
Solid repayments of the $300 million owed to failed used car finance firm Provincial Finance have enabled a better-than-expected initial return to investors and have increased chances of a sale of assets, says receiver John Waller.Waller,...

Fonterra's payout forecast disappoints farmers
Dairy farming leaders expressed strong disappointment at Fonterra yesterday after it held its forecast payout for this season unchanged at $4.05/kg of milk solids.And it said the strength of the NZ dollar threatened even that...

Takeover rumours lift Sky City
Shares in Sky City Entertainment surged yesterday on renewed speculation it could be bought by Australian gaming giant Tabcorp.Wire reports had Tabcorp chief executive Matthew Slatter telling a Merrill Lynch investment conference...

Tax credits bait for Warehouse buyback
Stephen Tindall will woo investors to accept his bid for The Warehouse by paying out tax credits that could boost the value of his $5.75-a-share offer by 65c to $1.90 a share.The final payout will depend on how many investors...