JB Hi-Fi's NZ stores profitable again as sales grow 5.8%
By Paul McBeth Feb. 11 (BusinessDesk) - JB Hi-Fi's New Zealand unit is back in profit, and the company has raised its guidance for sales this side of the Tasman. The discount consumer electronics retailer generated earnings before interest and tax of $1.1 million in the si...
Trustpower flags write-down on generation assets as price expectations fall
By Paul McBeth Feb. 11 (BusinessDesk) - Trustpower says it might have to write down the value of its generation assets by as much as $170 million after revising its view on future electricity prices. A draft independent valuation indicates the Tauranga-based electricity re...
NZ dollar trades in tight range as investors grow nervous over US-China trade
By Paul McBeth Feb. 11 (BusinessDesk) - The New Zealand dollar stuck to a tight trading range as investors remain pessimistic over the ability of US and Chinese trade negotiators to find common ground before their March deadline. The kiwi traded at 67.40 US cents at 8am in...
MARKET CLOSE: NZ shares rise in quiet trading ahead of earnings season
By Paul McBeth Feb. 8 (BusinessDesk) - New Zealand shares gained in the run-up to corporate earnings season, with Contact Energy the first major company out of the blocks on Monday. Australian results have been mixed so far this week. The S&P/NZX 50 index rose 43.1 points,...
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