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Jetstar nibbles into Air NZ’s domestic dominance
Aug. 29 (BusinessDesk) - Jetstar, the discount unit of Australian airline Qantas Airways, made a small inroad into Air New Zealand’s control of New Zealand domestic routes, boosting passenger numbers and nabbing market share. The discount airline held about 22.4 percent of New...
Pyne Gould annual profit beats forecast by 48 percent on asset sales, Torchlight returns
Aug. 29 (BusinessDesk) - Pyne Gould Corp, the asset management firm controlled by George Kerr, returned to profit this year and beat its June forecast by 48 percent as it reaped $25 million from asset sales and generated bigger returns from its Torchlight unit. The Auckland-bas...
Mercer 2013 earnings at the top of forecast range, expects profit will rise further in 2014
By Tina Morrison Aug. 29 (BusinessDesk) – Mercer Group, the stainless steel fabricator, posted annual earnings at the top of its forecast range on strong demand for its products, and said profit would rise further in the coming year. Earnings before interest, tax, depreciation...
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