NZ food price fall in October as milk slumps to 7-year low; beef rises to record high
By Sophie Boot Nov. 12 (BusinessDesk) - New Zealand food prices fell in October, as milk slumped to its lowest level in more than seven years. The food price index slipped a seasonally adjusted 0.5 percent in October, after rising 0.1 percent in September, Statistics New Ze...
MARKET CLOSE: NZ shares rise, led by a2 milk, ANZ; AirNZ, Vector fall
By Sophie Boot Nov. 11 (BusinessDesk) - New Zealand shares rose, led by a2 Milk and a bounce-back for Australia & New Zealand Banking Group, while Air New Zealand and Vector dropped. The S&P/NZX 50 Index rose 10.73 points, or 0.2 percent, to 6013.54 . Within the index, 24 s...
Airwork forecasts 30% gain in full-year profit on strong 1Q performance from planes, choppers
By Sophie Boot Nov. 11 (BusinessDesk) - Airwork Holdings, the listed aviation services firm, forecast a 30 percent gain in annual profit, after strong performances from its helicopter and fixed-wing businesses in the first quarter. The Auckland-based company expects profit...
Infratil, holding $755M cash following Z sale, sees Pac Hydro sale completed in December
By Sophie Boot Nov. 11 (BusinessDesk) - Infratil, which has built its cash reserves up to $755 million since profiting from the sale of Z Energy, expects the sale of potential acquisition target Pacific Hydro to be completed in December. The investment company managed by We...
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