FIRST CUT: Auckland Airport lifts first-half profit as booming tourism drives passenger numbers
By Fiona Rotherham Feb. 19 (BusinessDesk) - Auckland International Airport, the country’s largest airport, has reported a 25 percent lift in first-half profit due to increasing passenger numbers from a rise in tourism, as it plans to spend up to $260 million this financial yea...
NZ dollar gains vs. Australian dollar as unemployment rises across the Tasman
By Paul McBeth Feb. 18 (BusinessDesk) - The New Zealand dollar gained against its trans-Tasman counterpart after Australia's unemployment rate unexpectedly rose in January, in what's been a volatile data set in recent months. The kiwi rose to 92.89 Australian cents at 5pm...
Spark dangles special dividend sweetener for another year, shares rise
By Paul McBeth Feb. 18 (BusinessDesk) - Spark New Zealand shares rose 2.3 percent after the country's biggest telecommunications company dangled the prospect of a cash sweetener to investors for a second year in a row. The Auckland-based company's board delivered on an int...
UPDATE: Spark's tilt to mobile, data drives up first-half profit 9%
(Adds detail) By Paul McBeth Feb. 18 (BusinessDesk) - Spark New Zealand, the country's biggest telecommunications company, lifted first-half profit 9 percent after the heightened focus on driving mobile and broadband revenue paid off, delivering bigger gains than the decli...
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