UPDATE: CBL shares drop 11% after earnings fall short of some expectations
(Updates to focus on stock price, adds market comment, earnings details) By Jonathan Underhill and Tina Morrison Feb. 24 (BusinessDesk) - CBL Corp shares tumbled 11 percent after the credit surety and financial risk insurance company posted full-year earnings that missed so...
NZ lamb wool price picks up as fewer wool bales offered at auction
By Tina Morrison Feb. 24 (BusinessDesk) - New Zealand lamb wool prices picked up as the volume of bales offered for sale at auction declined. The price for 30-micron lamb wool increased to $3.90 a kilogram at yesterday's South Island auction, up from $3.55/kg last week, alt...
UPDATE: Summerset annual earnings rise 50% as expansion accelerates
(Adds chief executive comment throughout, updates share price) By Tina Morrison Feb. 23 (BusinessDesk) - Summerset Group boosted annual earnings 50 percent after opening more retirement villages and improving its margins. Underlying earnings, which excludes property reva...
FIRST CUT: Sky TV 1H profit falls 32% as programme costs rise, subscribers fall
By Tina Morrison Feb. 22 (BusinessDesk) - Sky Network Television, which is awaiting a decision from the Commerce Commission on a proposed merger with Vodafone New Zealand, posted a 32 percent drop in first-half profit as content costs increased, and revenue and subscriber numb...
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