Kiwibank lifts first-half net profit 47.6% amid rekindled growth
By Jenny Ruth Feb. 20 (BusinessDesk) - Kiwibank Banking Group lifted first-half net profit 47.6 percent as it achieved more than twice the growth in deposits and lending in the latest six months as it managed in the whole of the previous full year. Net profit for the govern...
Fletcher open to re-entering high rise construction market
By Jenny Ruth Feb. 20 (BusinessDesk) - Fletcher Building chief executive Ross Taylor has opened the door to taking on new high rise projects because of promising signs that contract terms may improve and says he will make a decision by about the middle of 2019. In February...
FIRST CUT: Fletcher betters first-half guidance with 8% ebit drop
By Jenny Ruth Feb. 20 (BusinessDesk) - Fletcher Building posted a first-half net profit following last year’s multi-million loss but operating earnings before one-offs were down 8 percent. That’s better than the 10 percent drop the company warned of at its annual shareholde...
NZ dollar falls after second fruit fly discovered
By Jenny Ruth Feb. 19 (BusinessDesk) - An already weak New Zealand dollar fell further on the news that a second fruit fly has been found in Auckland. It is of a different species to the adult male Queensland fly caught last week. The kiwi had already been dragged down afte...
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