Business
Retail
Moa says 2nd half trading loss narrowed on path to breaking even
By Paul McBeth May 2 (BusinessDesk) - Moa Group says it narrowed its trading loss in the second half of the financial year as it works towards breaking even after seven years of red ink since the beer brewer listed. The company said it's trading loss was $600,000 in the si...
Infrastructure
Z Energy FY earnings fall 13% on refinery outage, crude price hike
By Gavin Evans May 2 (BusinessDesk) - Z Energy reported a 13 percent decline in full-year net profit after an extended outage at the Marsden Point refinery raised its costs and record pump prices reduced sales volumes industry-wide. The country’s biggest fuel retailer said...
Law & Regulation
Vodafone fined $350,000 for billing former customers
By Paul McBeth May 1 (BusinessDesk) - Vodafone New Zealand has been fined $350,000 for charging more than 29,000 customers after the end date of cancelled contracts with the country's biggest mobile carrier. The telco was today sentenced in the Auckland District Court afte...
Retail
Ebos' board, managers should hang their heads in shame: NZSA
By Jenny Ruth May 1 (BusinessDesk) - Ebos' board and managers should hang their heads in shame for cutting retail shareholders out of its discounted capital raising, which clearly wasn't urgent, says outgoing New Zealand Shareholders’ Association chair John Hawkins. The iss...
Prev