Local M&A set to come off the boil in 2019: Chapman Tripp
By Paul McBeth Feb. 26 (BusinessDesk) - New Zealand merger and acquisition activity this year is expected to come off its recent peak as tightening credit conditions combine with growing uncertainty over the global economy, law firm Chapman Tripp says. The country joined i...
MARKET CLOSE: NZ shares gain as Freightways, Chorus meet earnings expectations
By Paul McBeth Feb. 25 (BusinessDesk) - New Zealand shares rose as Freightways and Chorus both gained after delivering earnings in line with expectations. Synlait Milk jumped ahead of this week's dairy auction and a potential hike in the farmgate milk price. The S&P/NZX 50...
Delegat first-half profit climbs on record sales volumes
By Paul McBeth Feb. 25 (BusinessDesk) - Delegat Group lifted first-half profit 30 percent as it sold a record volume of wine worldwide as the northern hemisphere markets become increasingly important to the winemaker. Net profit was $25.3 million in the six months through...
Chorus first-half profit falls as depreciation, interests costs mount
By Paul McBeth Feb. 25 (BusinessDesk) - Chorus reported a 36 percent decline in first-half profit as it faced rising depreciation costs from the roll-out of its ultrafast broadband network and a heftier interest bill from new debt issued last year. Still, underlying earnin...
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