Freightways cautiously optimistic about coming year after modest profit gain
By Rebecca Howard Aug. 13 (BusinessDesk) - Courier and information management company Freightways lifted annual profit and is targeting further earnings growth in the current financial year despite an "apparent" decline in national business confidence. Freightways, which d...
Z Energy considers six-year bond offer, expected to open next week
By Rebecca Howard Aug. 13 (BusinessDesk) - Z Energy is considering a six-year, unsubordinated, secured, fixed rate bond offer just as $150 million of existing notes are due to be repaid. The offer to New Zealand institutional and retail investors is expected to open next w...
Kiwi 'in a dark place', headed for 1.9% weekly fall after RBNZ's dovish lurch
By Rebecca Howard Aug. 10 (BusinessDesk) - The New Zealand dollar is headed for a 1.9 percent weekly fall against the greenback after the local central bank Thursday surprised markets by pushing out a projected rate hike for another year and saying a cut was still possible....
Fonterra's credit rating safe but Shareholders' Council labels payout cut 'unacceptable'
By Rebecca Howard Aug. 10 (BusinessDesk) - S&P Global Ratings said there is no immediate impact on its rating on Fonterra Cooperative Group from the group's lower farmgate milk price and dividend guidance for the year ended July 31, issued this morning. However, the Fonterr...
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