Metlifecare stoush will be difficult and expensive, court told
By Victoria Young | Thu, 28 May 2020
Metlifecare says its upcoming court showdown with EQT and subsidiary Asia Pacific Village Group will be “difficult and expensive” as it makes legal moves to proceed with the $1.5 billion t...
Reduced toothfish catch impacts Sanford first half
By Brent Melville | Thu, 28 May 2020
Growth in Sanford's aquaculture business was not enough to salvage reduced longline volumes as the country's biggest seafood and fishing company was effectively frozen out of the important Antarctic t...
MARKET CLOSE: NZ shares buoyed by Mainfreight's upbeat outlook
By Dan Brunskill | Wed, 27 May 2020
New Zealand shares were led higher by Mainfreight after the logistics group's earnings weathered the worst of the covid-19 crisis at a time when investors grow more optimistic about the global economy...
Trustpower trims dividend, forecast for covid impacts
By Gavin Evans | Wed, 27 May 2020
Trustpower is picking a modest lift in operating earnings for the current financial year, reflecting dry conditions in the North Island and an expected increase in bad debts from the covid-19 crisis....
Jarden warns investors to be wary of Air NZ dilution
By Rebecca Howard | Wed, 27 May 2020
Jarden lowered its rating on Air New Zealand to underperform and slashed its 12-month target price by 11.6 percent as it warned investors to be aware of the very real prospect of material shareholder...
MARKET CLOSE: NZ shares rise as investors eye re-opening world economy
By Dan Brunskill | Tue, 26 May 2020
New Zealand shares rose as the further relaxing of global covid-19 restrictions bolstered investor confidence. The S&P/NZX 50 Index advanced 138.94 points, or 1.3 percent, to 10,914.74. Within the...