Tourism Holdings lifts 1H profit 38%, maintains annual profit forecast
By Sophie Boot Feb. 21 (BusinessDesk) - Tourism Holdings, the campervan rental company, lifted first-half profit 38 percent with strong tourist demand in New Zealand and Australia, and said it will at least deliver its forecast annual profit of $27 million. Net profit rose...
MARKET CLOSE: NZ shares mixed, gains for Auckland Airport, Spark while Chorus, Sky TV fall
By Sophie Boot Feb. 20 (BusinessDesk) - New Zealand shares were mixed with Auckland International Airport and Spark New Zealand gaining while Chorus and Sky Network Television dropped. The S&P/NZX 50 Index gained 5.96 points, or 0.08 percent, to 7,099.49. Within the index,...
English criticises Super Fund CEO's pay rise, puts directors on notice
By Sophie Boot Feb. 20 (BusinessDesk) - Prime Minister Bill English has criticised the board of the New Zealand Superannuation Fund for lifting its chief executive's pay 36 percent last year, and suggested there could be a shakeup in how CEOs of the largest state entities are...
Heartland Bank takes stake in online SME lender Fuelled
By Sophie Boot Feb. 20 (BusinessDesk) - Heartland Bank has bought 25 percent of online lender Fuelled for an undisclosed sum, giving it more exposure to online small-to-medium (SME) business lending. In a statement, Heartland said the shareholding came alongside a committed...
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