Silver linings in otherwise damp earnings season

The latest earnings season had something for everyone. (Image: BusinessDesk/Dan Brunskill)

Mon, 06 Mar 2023

Earnings season delivered a mixed bag to suit both bulls and bears with the only certainty to emerge is that the outlook remains uncertain. Courier and information management company Freightways remained a good bellwether stock for the local economy, delivering a small increase in first-half profit due to its recent Australian courier acquisition, and airing a word of caution about New Zealand’s slowing economy. That was a similar theme for local transport firm Move Logistics, which struggled with rising costs and a shortage of drive...

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Markets

Another solar farm gets the nod from Genesis

Genesis Energy has approved the construction of the Edgecumbe Solar Farm in the Bay of Plenty, marking its second major solar commitment in as many months.The company made a final investment decision (FID) on the 136 megawatt peak (MWp) farm, clearing the way for work to begin sh...

Ian Llewellyn 9:40am

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