Strike action to continue at Lyttelton Port over Waitangi weekend
By Rebecca Howard Feb. 3 (BusinessDesk) - A strike at Lyttelton Port Co's container terminal will go ahead this weekend despite positive talks with the Maritime Union of New Zealand. The planned industrial action for Feb. 11 and Feb. 12 will proceed, and the Maritime Union...
UPDATE: Metro Glass shares tumble after weaker-than-expected guidance
(Updates to add share price, comment from fund manager and company conference call) By Rebecca Howard Feb. 3 (BusinessDesk) - Metro Performance Glass shares dropped 17.5 percent after the company said annual profit was likely to be similar or lower than the prior year as c...
Metro Glass warns annual profit may drop as expected NZ sales don't eventuate
By Rebecca Howard Feb. 3 (BusinessDesk) - Metro Performance Glass, which has more than half the country's glass processing market, said annual net profit was likely to be similar or even lower than the prior year as local sales lagged behind expectations with dwindling work in...
NZ dollar falls vs Aussie after Australia posts record trade surplus
By Rebecca Howard Feb. 2 (BusinessDesk) - The New Zealand dollar fell against the Aussie dollar after Australia posted a record trade surplus in December, stoking optimism about the outlook for economic growth across the Tasman. The kiwi dollar fell to 95.52 Australian cent...
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