Business
Economy
Weak services sector growth raises concerns about NZ economic slowdown
By Rebecca Howard May 20 (BusinessDesk) - New Zealand’s services sector activity slipped further in April, touching the lowest level in more than six years and adding to concerns about an economic slowdown. The BNZ-BusinessNZ performance of services index fell 0.5 of a poi...
Primary Sector
Scales signals earnings growth from reshaped business
By Gavin Evans May 20 (BusinessDesk) - Scales Corp says full-year operating earnings from its reshaped business may rise as much as 13 percent. The agri-business, which last year sold its cold stores and liquid storage operation to expand its petfood interests, expects unde...
Infrastructure
Steel & Tube cuts earnings outlook on margin squeeze, inventory restatement
By Paul McBeth May 20 (BusinessDesk) - Steel & Tube Holdings has cut its earnings outlook as margins remain under pressure, and after restating its year-earlier accounts gave it a lower starting point. The steel products maker expects earnings before interest and tax of $1...
Economy
Northland rail upgrade a strategic, not commercial investment - Aecom
By Gavin Evans May 20 (BusinessDesk) - Building a new rail link to Marsden Point and upgrading the existing Northland line could bring forward Northport’s development as a major freight handler for Auckland and help boost the broader regional economy, an economic analysis says...
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