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Fairfax NZ returns to profit in 2017 as redundancy costs, impairment charges tumble

Fairfax NZ returns to profit in 2017 as redundancy costs, impairment charges tumble

By Paul McBeth Dec. 5 (BusinessDesk) - Fairfax New Zealand, which trades under the Stuff moniker, was back in black in 2017 after the cost of laying off staff tumbled by 80 percent and as a $100 million-plus impairment charge on the value of its newspaper mastheads and buildin...

Paul McBeth 05 Dec 2017
NZ dollar rises after RBNZ acting governor says bank adopting more flexible approach

NZ dollar rises after RBNZ acting governor says bank adopting more flexible approach

By Rebecca Howard Dec. 5 (BusinessDesk) - The New Zealand dollar rose against the US dollar after acting Reserve Bank Governor Grant Spencer said the central bank is adopting a more flexible approach to inflation targeting as it grapples with persistently low inflation.  Th...

Rebecca Howard 05 Dec 2017
OG Oil & Gas extends NZOG takeover bid again

OG Oil & Gas extends NZOG takeover bid again

By Paul McBeth Dec. 5 (BusinessDesk) - OG Oil & Gas has extended its partial takeover bid for NZX-listed New Zealand Oil & Gas for a second time, again saying the extra time is to secure regulatory approvals.   The oil and gas division of Ofer Global has more than 43 percen...

Paul McBeth 05 Dec 2017
Delegat lifts full-year earnings guidance on sales growth, weaker kiwi dollar

Delegat lifts full-year earnings guidance on sales growth, weaker kiwi dollar

Jonathan Underhill 05 Dec 2017
RBNZ considers tweaking monetary policy as low inflation persists, Spencer says

RBNZ considers tweaking monetary policy as low inflation persists, Spencer says

Rebecca Howard 05 Dec 2017
NZ commodity prices fall in November on weaker dairy

NZ commodity prices fall in November on weaker dairy

Sophie Boot 05 Dec 2017
NZ Steel seeks judicial review of Chinese steel dumping complaint

NZ Steel seeks judicial review of Chinese steel dumping complaint

Sophie Boot 05 Dec 2017
Scales Corp forecasts 2017 earnings at upper end of guidance, sees improvement in 2018

Scales Corp forecasts 2017 earnings at upper end of guidance, sees improvement in 2018

Rebecca Howard 04 Dec 2017
NZ building work ramps up in 3Q, residential activity at record high

NZ building work ramps up in 3Q, residential activity at record high

Sophie Boot 04 Dec 2017
Auckland house sales fall 20% in November, prices remain subdued

Auckland house sales fall 20% in November, prices remain subdued

Rebecca Howard 04 Dec 2017
Bethunes shareholders approve deal to let Transport Investments use its NZX listing

Bethunes shareholders approve deal to let Transport Investments use its NZX listing

Jonathan Underhill 04 Dec 2017
NZ govt operating deficit wider than expected as Kaikoura costs mount, customs duties lag

NZ govt operating deficit wider than expected as Kaikoura costs mount, customs duties lag

Paul McBeth 04 Dec 2017
NZX says markets to return to normal trading today following yesterday's outage

NZX says markets to return to normal trading today following yesterday's outage

Tina Morrison 04 Dec 2017
Farmer confidence drops on concern new government policies will dent output, Rabobank says

Farmer confidence drops on concern new government policies will dent output, Rabobank says

Jonathan Underhill 04 Dec 2017
NZ new vehicle sales hit fresh annual record in 2017 for fourth year running

NZ new vehicle sales hit fresh annual record in 2017 for fourth year running

Tina Morrison 04 Dec 2017
Chorus reshuffles executive team as newbie Scott Newton finds a new home

Chorus reshuffles executive team as newbie Scott Newton finds a new home

Paul McBeth 04 Dec 2017
NZ dollar falls as greenback benefits on tax reform progress; RBNZ speech awaited

NZ dollar falls as greenback benefits on tax reform progress; RBNZ speech awaited

Jonathan Underhill 04 Dec 2017
While you were sleeping: Tax plan progress lifts Dow

While you were sleeping: Tax plan progress lifts Dow

Margreet Dietz 04 Dec 2017
MARKET CLOSE: NZ shares mixed in subdued trading as NZX suffers outage; Synlait falls

MARKET CLOSE: NZ shares mixed in subdued trading as NZX suffers outage; Synlait falls

Paul McBeth 04 Dec 2017
Government may cut National's 'unbudgeted' projects as it runs ruler over the books

Government may cut National's 'unbudgeted' projects as it runs ruler over the books

Sophie Boot 04 Dec 2017
NZ dollar little changed in Asia as traders weigh progress on US tax reform, Flynn testimony

NZ dollar little changed in Asia as traders weigh progress on US tax reform, Flynn testimony

Rebecca Howard 04 Dec 2017
Wiri prison becomes more profitable on lower expenses, gain on interest rate swaps

Wiri prison becomes more profitable on lower expenses, gain on interest rate swaps

Jonathan Underhill 04 Dec 2017
McConnell Dowell posts $20.6M loss on underperforming irrigation, Kawarau Falls contracts

McConnell Dowell posts $20.6M loss on underperforming irrigation, Kawarau Falls contracts

Jonathan Underhill 04 Dec 2017
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