A2 shares surge on stronger margin outlook
By Jenny Ruth | Tue, 19 Nov 2019
A2 Milk shares jumped 14.2 percent after it said it expects annual operating profit margin will be stronger than previously communicated and in the range of 29-30 percent.The shares jumped to $14.62 f...
A2 raises operating profit margin expectations
By Jenny Ruth | Tue, 19 Nov 2019
A2 Milk says it expects annual operating profit margin will be stronger than previously communicated and in the range of 29-30 percent. On Aug. 21 when it released its annual results, A2 said it ex...
Has NZ reached the lower limits of monetary policy?
By Jenny Ruth | Mon, 18 Nov 2019
For all the talk about the Reserve Bank having to resort to "unconventional" monetary policy once its official cash rate gets so low as to be ineffective, there are signs we may have already reached t...
BNZ grapples with a squeeze on margins, rising dairy bad debts
By Jenny Ruth | Fri, 15 Nov 2019
Like the other major banks, Bank of New Zealand is grappling with a squeeze on margins, a squeeze that goes further than the small dip revealed in its results press release earlier this month.The repo...
Heartland needs to lift return on equity: Greenslade
By Jenny Ruth | Tue, 12 Nov 2019
Heartland Group Holdings needs to lift its return on equity closer to comparable benchmarks in Australia, managing director Jeff Greenslade told shareholders at today's annual meeting. "Despite exc...
Four auditors vied for lucrative Fonterra contract
By Paul McBeth | Tue, 12 Nov 2019
Fonterra's chosen auditor, KPMG, was just one of four audit firms to throw its hat in the ring to put dairy cooperative's books under the microscope.Chief financial officer Mark Rivers told shareholde...
Xero's curate's egg first-half result cheered by investors
By Jenny Ruth | Fri, 08 Nov 2019
Investors' response to Xero's first-half results was unambiguously positive despite it being a bit of a curate's egg.Xero shares, which trade only on the ASX, rose as high as a record A$74.54, up 10.4...
UPDATE: Xero posts small net profit as customers pass 2 million
By Jenny Ruth | Thu, 07 Nov 2019
(Updates first and second pars to add share price reaction) Xero shares jumped more than 6.6 percent after it announced better-than-expected first-half results including a small net profit, positiv...
BNZ's net profit falls slightly as bad debts rise
By Jenny Ruth | Thu, 07 Nov 2019
Bank of New Zealand's annual net profit fell marginally as operating expenses rose faster than net interest income and as charges against profit for bad debts jumped 39 percent, although they remain l...
Questions over NZ govt proposal to fund foreign venture capital managers
By Jenny Ruth | Wed, 06 Nov 2019
Another of New Zealand's home-grown venture capitalists is questioning why the New Zealand government is proposing to provide funding to foreign managers."With no disrespect to the managers currently...
Construction provisions remain contained despite SkyCity disaster: Fletcher
By Jenny Ruth | Wed, 06 Nov 2019
Fletcher Building says it remains within the construction provisions announced in February 2018 despite the impact of the SkyCity International Conference Centre project fire."Fletcher Building is wor...