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NZ King Salmon expects a better second half

Staff reporters
Fri, 30 Jul 2021

New Zealand King Salmon says it now expects most of its 2022 operating earnings to be earned between Aug and Jan next year.The salmon farmer says it expects earnings before interest, tax, depreciation and amortisation (ebidta) to be between $8 million and $10m."Fish size, which was a problem in the first half, due to a one-off issue with the model, has now recovered and biomass is on track for a satisfactory position in October 2021," the company said.It has also brought in price increases, it said.A hearing date for its application f...

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America's Cup
Not dead yet: Auckland's America's Cup dream
Pattrick Smellie | Fri, 24 Sep 2021

Reports of the death of Mark Dunphy's bid to keep The America's Cup in Auckland may prove premature, although events this week suggest CPR may be required.

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Pacific Edge up 6%; while index dips
Dan Brunskill | Fri, 24 Sep 2021

The NZX 50 index fell as its biggest stock, Fisher & Paykel Healthcare, fell 3.1% back towards its average price of $32 per share.

Markets
Retirement villages operate like 'quasi-Ponzi schemes'
Jenny Ruth | Fri, 24 Sep 2021

Retirement village residents' association claims the rule to get legal advice before signing a contract doesn't protect residents – and is used against them.

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