By Rebecca Howard Feb. 13 (BusinessDesk) - The New Zealand dollar bounced from a four-month low against the Australian dollar as some investors found the levels attractive after a sharp sell-off last week. The kiwi rose to 93.92 Australian cents as at 5pm in Wellington from...

By Rebecca Howard Feb. 13 (BusinessDesk) - Representatives from Lyttleton Port Co and the Maritime Union of New Zealand reached an agreement in principle and all strike notices have been lifted.  Lyttelton Port is now returning to normal operations, marketing manager Simon...

By Rebecca Howard Feb. 13 (BusinessDesk) - Property For Industry, the industrial property investor, reported a record full year profit on higher revenues and lower costs and remained upbeat about the current financial year. Net profit rose to $123.4 million, or 27.4 cents p...

By Rebecca Howard Feb. 10 (BusinessDesk) - The New Zealand dollar is heading for a 1.7 percent fall against the greenback this week, in a quiet end to the week after the central bank signalled plans to keep interest rates hold for some time yet. The kiwi dropped to 71.91 US...

By Rebecca Howard Feb. 10 (BusinessDesk) - Trilogy International, the skincare and home fragrance company, said it continues to comply with continuous disclosure rules in response to a query from the New Zealand stock exchange after its shares took a tumble. In a letter to...

By Rebecca Howard Feb. 9 (BusinessDesk) - The New Zealand dollar fell after the central bank dampened rate hike expectations and moved to jawbone the currency lower. The New Zealand dollar was trading at a three week-low of 71.96 US cents as at 5pm from 73.05 cents as at 8a...

By Rebecca Howard Feb. 9 (BusinessDesk) -  The Ministry of Business, Innovation and Employment will conduct a review to determine how fair petrol and diesel prices are at the pump, Energy and Resources Minister Judith Collins said today.  “MBIE data shows that fuel margins...

By Rebecca Howard Feb. 9 (BusinessDesk) - Zespri International, New Zealand's kiwifruit marketer, it will licence more production of its SunGold variety in Italy to meet rising demand and ensure 12-month supply. The Tauranga-based company today said it will allocate an addi...

By Rebecca Howard Feb. 9 (BusinessDesk) - Canada's Fairfax Financial Holdings has offered to buy Tower for about $197 million, pushing the insurer's shares up 41 percent to $1.11 on the news.  The Canadian company has offered to pay $1.17 a share, a 48 percent premium from...

By Rebecca Howard Feb. 9 (BusinessDesk) - Creditors have placed failed crime-fighting software company Wynyard Group into liquidation, the company announced today.  KordaMentha partners Grant Graham and Neale Jackson, who were running the voluntary administration, of Wynyar...

By Rebecca Howard Feb. 9 (BusinessDesk) - AMP’s New Zealand financial services, the local unit of the Australian financial services firm, reported a higher underlying operating profit after tax although the parent reported a net loss. New Zealand financial services reported...

By Rebecca Howard Feb. 9 (BusinessDesk) - New Zealand's residential building consents fell in December, mainly due to a drop in apartment consents. Seasonally adjusted dwelling consents declined 7.2 percent to 2,215 in December after falling 9.6 percent in November, Statist...

By Rebecca Howard Feb. 9 (BusinessDesk) - Rural services firm Allied Farmers said profit fell in its first half because of a decline in calf processing sales. The Hawera-based company said profit was about $420,000  in the six months end Dec. 31, versus $610,000 in the same...

By Rebecca Howard Feb. 9 (BusinessDesk) - Synlait Milk, the NZX-listed dairy company, increased the forecast payout for its farmer suppliers to $6.25 per kilogram of milk solids for the current season up from a prior forecast of $6/kgMS. "International dairy commodity price...

By Rebecca Howard Feb. 8 (BusinessDesk) - Infrastructure investor Infratil said a shortage of court space in Wellington due to the November earthquake means hearings on Wellington International Airport's bid to extend the runway to make room for long-haul flights will likely b...

(Removes extraneous word in headline) By Rebecca Howard Feb. 8 (BusinessDesk) - The New Zealand dollar fell ahead of the central bank's interest rate decision tomorrow and as the US dollar gained some traction in Asia.  The kiwi fell to 73.04 US cents as at 5 pm versus 7...

By Rebecca Howard Feb. 8 (BusinessDesk) - TeamTalk says a proposed $22.7 million takeover offer from Spark New Zealand is hostile, highly conditional and recommended shareholders take no action pending further communication from the board. "The preliminary view of the direc...

By Rebecca Howard Feb. 8 (BusinessDesk) - Finance Minister Steven Joyce wants a full cost-benefit analysis on proposed debt-to-income home lending limits and public consultation will be conducted by the Reserve Bank before any decision is made on the potential use of the addit...

By Rebecca Howard Feb. 8 (BusinessDesk) - Infrastructure investor Infratil is still upbeat about its investment in US renewable energy development company Longroad Energy Holdings, despite President Donald Trump's election promises to boost coal. While Infratil said the com...

By Rebecca Howard Feb. 8 (BusinessDesk) - The Commerce Commission has filed 45 charges in the Auckland District Court against Bunnings New Zealand, alleging the building supplies retailer misled consumers by advertising the prices of its goods as being the lowest in the market...

By Rebecca Howard Feb. 7 (BusinessDesk) -  The New Zealand dollar rose after a central bank survey that showed inflation expectations are on the rise. The kiwi dollar traded at 73.58  as at 5:15 pm in Wellington from 73.20 cents in Asia yesterday.  The kiwi rose to 95.93 Au...

By Rebecca Howard Feb. 7 (BusinessDesk) - New Zealand inflation expectations for the next two years have increased, a Reserve Bank survey shows, likely adding to the view that the central bank may lift its projected track for interest rates in Thursday's monetary policy statem...