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Auckland Airport upgrades don't justify targeted returns, ComCom says

Auckland Airport upgrades don't justify targeted returns, ComCom says

By Paul McBeth Nov. 1 (BusinessDesk) - Auckland International Airport's $1.8 billion infrastructure upgrade doesn't justify a 7.06 percent return on its regulated assets during the next five years, the Commerce Commission says.  The regulator estimates Auckland Airport will...

Paul McBeth 31 Oct 2018
Z Energy cuts guidance a second time as 1H earnings drop 21%

Z Energy cuts guidance a second time as 1H earnings drop 21%

By Gavin Evans Nov. 1 (BusinessDesk) - Z Energy has cut its full-year earnings guidance after rising oil prices and a weaker New Zealand dollar slashed its first-half operating profit by 21 percent. Those impacts, new taxes and weaker retail spending have prompted the compa...

Gavin Evans 31 Oct 2018
NZ dollar falls as US wages grow faster than expected

NZ dollar falls as US wages grow faster than expected

By Paul McBeth Nov. 1 (BusinessDesk) - The New Zealand dollar fell as stronger-than-expected US wage growth helped push US bond yields higher, making the greenback more attractive.  The kiwi declined to 65.20 US cents as at 8am in Wellington from 65.42 cents yesterday. The...

Paul McBeth 31 Oct 2018
House prices tick up in three months to October, Wellington stands out

House prices tick up in three months to October, Wellington stands out

Rebecca Howard 31 Oct 2018
MARKET CLOSE: NZ shares outperform Australia as ANZ kicks off bank earnings

MARKET CLOSE: NZ shares outperform Australia as ANZ kicks off bank earnings

Paul McBeth 31 Oct 2018
Cooks Global Foods' bid for Mojo falls through

Cooks Global Foods' bid for Mojo falls through

Rebecca Howard 31 Oct 2018
THL confident in new strategy; investors nervous

THL confident in new strategy; investors nervous

Nikki Mandow 31 Oct 2018
Soft Chinese manufacturing data keeps a lid on kiwi dollar

Soft Chinese manufacturing data keeps a lid on kiwi dollar

Rebecca Howard 31 Oct 2018
Pyne Gould will delist in November after minorities back shift to Guernsey

Pyne Gould will delist in November after minorities back shift to Guernsey

Paul McBeth 31 Oct 2018
China’s Fenglin gets greenlight for Kawerau mill land

China’s Fenglin gets greenlight for Kawerau mill land

Rebecca Howard 31 Oct 2018
ANZ still picking interest rate cut as October business confidence stays sour

ANZ still picking interest rate cut as October business confidence stays sour

Rebecca Howard 31 Oct 2018
Aotea Finance fined for lending on prohibited items including beds, fridges

Aotea Finance fined for lending on prohibited items including beds, fridges

Paul McBeth 31 Oct 2018
IkeGPS first half revenue rises 26%

IkeGPS first half revenue rises 26%

Gavin Evans 30 Oct 2018
Westland Milk lowers forecast payout on falling dairy prices

Westland Milk lowers forecast payout on falling dairy prices

Rebecca Howard 30 Oct 2018
Auckland Airport affirms earnings guidance in busy investment year

Auckland Airport affirms earnings guidance in busy investment year

Paul McBeth 30 Oct 2018
Methven says 1Q sales, earnings up

Methven says 1Q sales, earnings up

Gavin Evans 30 Oct 2018
Building consents lift 5.4% in 12 months to September

Building consents lift 5.4% in 12 months to September

Rebecca Howard 30 Oct 2018
ANZ New Zealand to keep UDC; annual earnings rise 3%

ANZ New Zealand to keep UDC; annual earnings rise 3%

Paul McBeth 30 Oct 2018
Govt operating deficit wider than expected in first three months of year

Govt operating deficit wider than expected in first three months of year

Rebecca Howard 30 Oct 2018
Māori food and wine exporters get onto the blockchain

Māori food and wine exporters get onto the blockchain

Nikki Mandow 30 Oct 2018
Tilt commits to Dundonnell development, lifts earnings

Tilt commits to Dundonnell development, lifts earnings

Gavin Evans 30 Oct 2018
CPTPP trade and investment pact ratified in time for double round of tariff cuts

CPTPP trade and investment pact ratified in time for double round of tariff cuts

Paul McBeth 30 Oct 2018
NZ dollar gains vs euro as European growth slows

NZ dollar gains vs euro as European growth slows

Paul McBeth 30 Oct 2018
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