Air NZ's share price target lowered by Craigs analysts
By Edwin Mitson Jan. 26 (BusinessDesk) - Analysts at Craigs Investment Partners have downgraded the share price target for Air New Zealand and warned its earnings before tax is likely to come in at the lower end of expectations. On Wednesday, the airline published details...
Turners to sell $150 mln of its loans to investors via securitisation
By Edwin Mitson Jan. 25 (BusinessDesk) - Turners, the country's largest seller of vehicles, is to sell stakes in its loan book in a deal worth an initial $150 million. As well as selling cars and trucks and lending people money to buy them, Turners owns Dorchester Finance,...
Customer numbers fall at Genesis Energy, but LPG sales soar
By Edwin Mitson Jan. 25 (BusinessDesk) - Genesis Energy, the country's largest energy company by customer numbers, says electricity retail connections fell by 1.2 percent to 514,155 between the end of September and the end of December 2016. In an update to the NZX, Genesis...
Air NZ's revenue falls in first six months of financial year
By Edwin Mitson Jan. 25 (BusinessDesk) - Passenger revenue in the first six months of Air New Zealand's financial year has fallen sharply, even when the impact of foreign exchange fluctuations are eliminated. In an update to the NZX, the country's national airline said for...
