Vocus NZ sales, earnings soar on CallPlus acquisition
By Paul McBeth Aug. 23 (BusinessDesk) - Vocus Communications more than doubled annual revenue and earnings in New Zealand, bolstered by the addition of CallPlus when the trans-Tasman telecommunications group merged with M2 Group. The Sydney-based company's New Zealand oper...
Kiwi Property to raise up to $125M in bond offer, ANZ NZ eyes local debt market
By Paul McBeth Aug. 23 (BusinessDesk) - Kiwi Property Group plans to raise as much as $125 million in a bond offer it put off in June after the UK's unexpected vote to quit the European Union left financial markets in turmoil, while ANZ Bank New Zealand is mulling a $200 milli...
RBNZ's pathway to lower interest rates not too fast, not too slow: Wheeler
By Paul McBeth Aug. 23 (BusinessDesk) - Reserve Bank governor Graeme Wheeler has defended his approach to cutting interest rates, saying New Zealand's interest rate differential is too high to leave things as is, but a more aggressive stance ran the risk of destabilising the f...
NZ Refining first-half profit slides less than expected
By Paul McBeth Aug. 23 (BusinessDesk) - New Zealand Refining posted an 82 percent slump in first-half profit and trimmed its interim dividend as a build-up in global oil stocks weighed on the Marsden Point refinery operator's margins. Net profit dropped to $11.4 million, o...
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