UPDATE: Freightways shares fall 2% as margin concerns overshadow robust earnings
(recasts on share movement, adds comment from broker and managing director) By Rebecca Howard Aug. 14 (BusinessDesk) - Freightways shares fell 2 percent on concerns of mounting pressure on earnings margins for the courier and information management company, despite a lift...
Tomizone nixes plans to acquire Social Light, will enter tech purchase agreement
By Rebecca Howard Aug. 14 (BusinessDesk) - Auckland-based wi-fi service provider Tomizone has nixed plans to buy Philippine-based Social Light and will look to enter a technology purchase arrangement, it said in a release to the Australian stock exchange, where its stock is li...
NZ dollar heading for a 3% weekly fall on North Korean worries, weak data
By Rebecca Howard Aug. 11 (BusinessDesk) - The New Zealand dollar is heading toward a 3 percent weekly fall against the greenback as rising geopolitical tensions continued to crimp risk appetite and weak domestic data continues to weigh. The kiwi traded at 72.73 US cents a...
Auckland transport investment faces $5.9 billion funding shortfall
By Rebecca Howard Aug. 11 (BusinessDesk) - An updated project aimed at understanding Auckland's transport investment needs over the next decade has identified a $5.9 billion funding shortfall to be sourced from the government, council and private sector. Transport Minister...
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