By Hannah Lynch May 31 (BusinessDesk) - The New Zealand dollar fell more than half a US cent amid concerns over how Spain will shore up its banking sector and an opinion poll showed growing support for Greece's anti-bail-out party, sapping demand for growth-linked currencies lik...

By Hannah Lynch May 30 (BusinessDesk) - Sanford, the fishing company, saw half-year profit stall as increased sales of greenshell mussels were offset by declines in hoki, squid, salmon and skipjack tuna prices, and the company took a $2 million impairment on its Australian opera...

By Jonathan Underhill May 30 (BusinessDesk) - Goldman Sachs New Zealand Holdings, the local unit of the Wall Street investment bank, posted a full-year loss as revenue from fees, commissions and trading fell almost three times as much as operating expenses. The net loss was $3....

By Hannah Lynch May 30 (BusinessDesk) - McDonald's Restaurant New Zealand, the local arm of world's largest fast food chain, paid the biggest dividend in at least a decade as its US parent invests US$2.9 billion to expand its global empire. The Auckland-based company paid a di...

May 30 (BusinessDesk) - New Talisman Gold Mines, the gold miner formerly known as Heritage Gold, is starting out with $9.24 million in equity as it prepares to develop the Talisman gold prospect on the Coromandel Peninsula. New Talisman recently replaced Heritage on the NZX and...

By Paul McBeth May 30 (BusinessDesk) - Sealegs Corp, which makes amphibious boats, halved its annual loss after boosting sales by more than a third and embarking on a restructuring programme that slashed its marketing bill. The Auckland-based company made a loss of $1.9 millio...

May 30 (BusinessDesk) - Scented candle and skincare products company Ecoya said it made a maiden annual operating profit after sales jumped 58 percent. Profit after interest costs but before tax and non-recurring accounting adjustments relating to the Trilogy earnout provisions...

By Paul McBeth May 30 (BusinessDesk) - Rural New Zealand is likely to disproportionately suffer the consequences of the country's ageing population and outward migration through a loss of skilled and innovative labour, according to the NZ Institute of Economic Research. Princip...

By Paul McBeth May 30 (BusinessDesk) - The pace of New Zealand residential building issuance slowed last month, even as demand increased for new housing in the country's biggest city, Auckland. Building consents excluding volatile apartment figures climbed 22 percent to 1,092...

By Pattrick Smellie May 30 (BusinessDesk) - Auckland-based credit check bureau Veda is chasing opportunities in the Gulf states, with the announcement of a joint venture in Dubai with Saudi Arabian business partners. Established for more than two decades in New Zealand and Aust...

By Hannah Lynch May 30 (BusinessDesk) - Restaurant Brands, which operates the local Pizza Hut, KFC and Starbucks brands, reported first-quarter sales fell 2.7 percent, reflecting the success of KFC's Double Down promotion a year earlier. Group sales fell $2 million to $70.6 mi...

By Jonathan Underhill May 30 (BusinessDesk) - Mainfreight, the biggest road transport company on the NZX 50 Index, posted record annual sales and profit on growth in New Zealand and Australia, while reporting that the Wim Bosman business missed an earn-out target. Net profit mo...

By May 30 (BusinessDesk) - Fonterra Cooperative Group, the world's biggest dairy exporter, is looking at signing a deal with Netherlands-based A-Ware Food Group to set up a new European cheese and dairy ingredients factory. The companies have signed a memorandum of understand...

By Hannah Lynch May 30 (BusinessDesk) - The New Zealand dollar rose against the euro after Spain backtracked on its recapitalisation plan for the recently nationalised Bankia SA, stoking fears the nation may need a rescue package and sapping investors' appetite for the region's...

By Paul McBeth May 29 (BusinessDesk) - Scales Corp has raised $25.2 million in a rights issue to repay funds borrowed to build a blocking stake in Turners & Growers and says it would consider a merger between T&G’s Enza unit and its Mr Apple business. Christchurch-based Scales...

By Paul McBeth May 29 (BusinessDesk) - The New Zealand Rugby Union re-signed five sponsors for the All Blacks as it strives to balance the books next year and extract more value from the team’s brand in the face of mounting costs to run the country's national game. The NZRU si...

By Hannah Lynch May 29 (BusinessDesk) - New Zealanders’ work-life balance is higher than the global average even as employees work harder and are more productive than two years ago, says flexible workplace provider Regus. New Zealand employee's work-life balance was 126 points...

By Jonathan Underhill May 29 (BusinessDesk) - Wool Board Disestablishment Co has made its final report, having met its 2003 target for distributions in a decade-long process that left chairman Bruce Munro vowing never again to be involved in such a thankless, poorly paid task....

By Hannah Lynch May 29 (BusinessDesk) - New Zealand employers struggled to fill about 50 percent of job vacancies in 2011, with a squeeze on engineers, skilled trade workers and sales representatives, according to ManpowerGroup's latest talent shortage survey. Kiwi employers h...

By Paul McBeth May 29 (BusinessDesk) - The Treasury wants a list of brokers who will target retail investors in shares of partially privatised energy companies. The department is seeking to appoint a panel of firms for the retail, or so-called "Mum and Dad" component of the gov...

By Paul McBeth May 29 (BusinessDesk) - Investors in Strategic Finance got paid another 1.5 cents in every dollar they had put into the failed lender this month, and are still facing a best-case scenario of clawing back 26 percent of their principal, according to the latest recei...

By Hannah Lynch May 29 (BusinessDesk) - The New Zealand dollar held above 76 US cents on prospects Greece will avoid a euro-exit after polls showed the nation's pro-bailout party gaining ground, boosting demand for higher- yielding assets, such as the kiwi. The New Zealand doll...