NZ dollar little changed as dairy prices fall, Fed speakers keep March 'live'
By Jonathan Underhill Feb. 22 (BusinessDesk) - The New Zealand dollar was little changed, retracing an earlier decline, after dairy prices fell as expected and comments by Federal Reserve officials kept alive the possibility of a US rate hike as soon as next month. The kiwi...
Former Ministry of Transport senior manager sentenced to jail for fraud
By Rebecca Howard Feb. 21 (BusinessDesk) - A former senior manager at the Ministry of Transport has been sentenced to three years and seven months imprisonment in relation to a fraud committed during her employment at the ministry, the Serious Fraud Office said. Joanne Harr...
Colonial Motor Co reports a 5.2% dip in 1H profit
By Rebecca Howard Feb. 21 (BusinessDesk) - Colonial Motor Co reported a 5.2 percent drop in first half profit and while it was guardedly positive about the immediate future it signaled several risks. The company said profit fell to $10.5 million in the six months to Dec. 3...
UPDATE: Mercury reports 53% jump in 1H net profit, lifts FY guidance
(Adds detail throughout) 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 M...
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