Airwork lifts earnings guidance as new customers come with bigger fleet
By Paul McBeth June 13 (BusinessDesk) - Airwork Holdings, the aviation service provider, raised its annual earnings guidance after signing new customers from its expanded fleet. Net profit is expected to exceed $22 million in the year ending June 30, up from previous guida...
Pyne Gould's NZX suspension lifted after first-half results filed
By Paul McBeth June 13 (BusinessDesk) - Pyne Gould Corp shares are allowed to trade again, ending a seven-month suspension, after the asset manager controlled by George Kerr filed its first-half results. The Guernsey-based long-term investor's portfolio held net assets wor...
BNZ follows ANZ and Westpac with foreign house buyer restrictions
By Paul McBeth June 10 (BusinessDesk) - Bank of New Zealand has joined ANZ Bank New Zealand and Westpac Banking Corp's local unit in restricting mortgage lending for foreign property buyers, following similar steps by their Australian parents. The local unit of National Au...
Google NZ gets less revenue from parent in 2015; still dominates online ads
By Paul McBeth June 10 (BusinessDesk) - Google New Zealand, the local unit of the global search engine, received less revenue from its parent and related companies in 2015 as the Project Loon broadband pilot project was scaled back from 2014, even though it continued to domina...
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