Ports of Auckland net profit rises 27%; dividend flat on year
By Rebecca Howard Oct. 3 (BusinessDesk) - Ports of Auckland reported a 27 percent lift in net profit, boosted by some one-off gains and a full year of revenue from its Nexus Logistics and Conlinxx units. Reported net profit for the year to June 30 was $76.8 million, up from...
NZ dollar falls as markets fret about Italy, boosting greenback
By Rebecca Howard Oct. 3 (BusinessDesk) - The New Zealand dollar fell against a stronger greenback as ongoing political uncertainty in Italy supported the world's reserve currency The kiwi traded at 65.73 US cents at 5pm versus 65.93 cents at 8am and down from 66.10 cents l...
Fletcher to continue Steel & Tube pursuit
By Rebecca Howard Oct. 3 (BusinessDesk) - Fletcher Building is coy on whether it will raise its $284 million bid for Steel & Tube Holdings, saying shareholders holding more than 20 percent of the fabricator and distributor want the offer formally on the table. Steel & Tube...
NZ commodity prices fall further in September - ANZ
By Rebecca Howard Oct. 3 (BusinessDesk) - New Zealand commodity prices fell in September for the fourth consecutive month, with five of the six broad categories measured weakening, the ANZ's monthly commodity price index shows. The index fell 1.8 percent in September and is...
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