SkyCity shares fall on lack of 'pizzazz' in annual earnings
By Rebecca Howard Aug. 9 (BusinessDesk) - SkyCity Entertainment Group shares fell 3.9 percent after a tepid full year earning result, with investors predicting analysts will downgrade the stock. The shares dropped as low as $3.90, a two-and-a-half month low, and were recent...
UPDATE: SkyCity normalised FY profit rises 1.3% on modest NZ growth
(Adds details of earnings, updates shares) By Rebecca Howard Aug. 9 (BusinessDesk) - SkyCity Entertainment Group, the casino and hotel group, posted a small gain in normalised full-year profit on modest growth in New Zealand and a lower net interest expense, offset by reduc...
NZ dollar weaker as market positions for dovish central bank statement
By Rebecca Howard Aug. 8 (BusinessDesk) - The New Zealand dollar fell on a trade-weighed index basis ahead of what is expected to be a dovish statement from the Reserve Bank on Thursday. The TWI was at 77.43 at 5pm from 77.93 late yesterday in Wellington. It traded at 92.90...
Trans Tasman Resources issues new shares ahead of ironsands ruling
By Rebecca Howard Aug. 8 (BusinessDesk) - Trans Tasman Resources has issued new shares on the eve of a ruling on whether it can mine iron sands from the ocean floor in New Zealand's Exclusive Economic Zone in the South Taranaki Bight. Documents lodged with the Company's Off...
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