Marsden Maritime lifts first-half earnings 2.9% as Northport volumes remain flat
By Paul McBeth Feb. 29 (BusinessDesk) - Marsden Maritime Holdings, which owns half of the Marsden Point-based Northport along with a marina, commercial facilities and land, lifted first-half profit 2.9 percent with cargo volumes crossing the port largely flat. Net profit i...
NZOG 1H loss widens on Tui, Maari writedowns; cost-cutting to go up to the boardroom
By Paul McBeth Feb. 29 (BusinessDesk) - New Zealand Oil & Gas, whose chairman Peter Griffiths unexpectedly resigned this month, widened its first-half loss as it wrote down the value of its Tui and Maari investments and switched its accounting policy to cope with a cheaper oil...
Diligent posts 14% annual profit decline as marketing, R&D spend rises
By Paul McBeth Feb. 29 (BusinessDesk) - Diligent Corp, the governance software app developer under a takeover offer, posted a 14 percent decline in annual profit as it ramped up spending on marketing and research and development. The New York-based, NZX-listed company repo...
NZ dollar heading for 2% weekly gain as prospect of static US rates scales back greenback bets
By Paul McBeth Feb. 26 (BusinessDesk) - The New Zealand dollar is heading for a 2 percent gain against the greenback as investors continue to scale back their bets on the world's reserve currency on the increasing chance US interest rates won't rise as far or as fast as previo...
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