FIRST CUT: Mercury 1H profit jumps 53%, lifts full year guidance
By Rebecca Howard Feb. 21 (BusinessDesk) - Mercury NZ increased first-half profit 53 percent, bolstered by favourable North Island hydro conditions and lifted its full year guidance. The electricity generator and distributor, formerly known as MightyRiverPower said net pro...
NZ dollar slips in tussle between NZ economy, Fed rates outlook
By Rebecca Howard Feb. 20 (BusinessDesk) - The New Zealand dollar fell in subdued trading as traders looked ahead to the GlobalDairyTrade auction this week and the release of minutes of the latest Federal Reserve meeting. The kiwi traded at 71.75 US cents as at 5 pm in Well...
NZ High Court rules Dotcom, co-accused eligible for extradition
By Rebecca Howard Feb. 20 (BusinessDesk) - Internet entrepreneur Kim Dotcom and his three co-accused are eligible for extradition to the USnited States, New Zealand's High Court ruled in a judgment published today. Justice Murray Gilbert upheld a decision by the District Co...
Nib New Zealand 1H underlying profit up 40% as OnePath acquisition benefits mount
By Rebecca Howard Feb. 20 (BusinessDesk) - Nib Holdings, the ASX-listed company that's New Zealand's second-largest health insurer, reported a strong first-half underlying operating profit and updated its guidance for the full year. Nib New Zealand is part of one of Austral...
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