Precinct Properties lifts 1H profit as it reorients to Auckland
By Sophie Boot Feb. 17 (BusinessDesk) - Precinct Properties New Zealand, the listed commercial property investor, lifted profit 10 percent, having cut interest costs after paying off debt by selling assets, though that pushed revenue lower. Net profit rose to $34.8 million,...
Air New Zealand appeals in spat with pilots' union over cherry-picking terms
By Sophie Boot Feb. 17 (BusinessDesk) - Air New Zealand is appealing an Employment Court decision which it says lets the country's largest pilots' union cherry-pick the good parts of other collective employment agreements without having to accept the bad. In the Court of A...
Westpac to pay $4M to customers it overcharged for Aussie dollars
By Sophie Boot Feb. 16 (BusinessDesk) - Westpac Banking Corp's New Zealand unit will pay more than $4 million in compensation after overcharging customers who used debit cards to withdraw cash from its ATM machines in Australia. Westpac New Zealand self-reported for a poten...
MARKET CLOSE: NZ stocks rise as Nuplex, Diligent soar on takeover offers
By Sophie Boot Feb. 15 (BusinessDesk) - New Zealand stocks rose as Nuplex Industries and Diligent Corp soared following takeover offers, after more positive global leads. The S&P/NZX 50 Index advanced 100.3 points, or 1.7 percent, to 6034.29. Within the index, 34 stocks ros...
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