Z Energy cuts annual earnings guidance on rising crude oil prices, supply disruptions
By Sophie Boot Jan. 23 (BusinessDesk) - Z Energy cut its annual guidance by about $20 million following a weaker-than-expected performance in the December quarter, due to a shutdown of the New Zealand Refining fuel pipeline to Auckland and the rising price of crude oil. The...
MARKET CLOSE: NZ shares up, Ryman and A2 gain while Fonterra, Infratil fall
By Sophie Boot Jan. 22 (BusinessDesk) - New Zealand shares gained, led higher by Ryman Healthcare and A2 Milk Co on some positioning ahead of upcoming earnings, while Infratil and Fonterra Shareholders Fund dropped. The S&P/NZX50 Index gained 45.4 points, or 0.5 percent, to...
Fonterra criticises Beingmate after 'extremely disappointing' earnings downgrade
By Sophie Boot Jan. 22 (BusinessDesk) - Fonterra Cooperative Group has criticised struggling infant formula producer and distributor Beingmate Baby & Child Food, which it uses to sell its Anmum formula in China, after the Chinese company cut its forecast earnings overnight....
MARKET CLOSE: NZ shares up as A2, Genesis rally, while Pushpay drops
By Sophie Boot Jan. 19 (BusinessDesk) - New Zealand shares gained, led by a recent rally in A2 Milk Co and as Genesis Energy rose on a strong quarterly report, while investors continued to sell down Pushpay Holdings after last year's massive gains. The S&P/NZX50 Index rose...
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