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Vector profit down on price cuts, reduced energy consumption

Vector profit down on price cuts, reduced energy consumption

By Pattrick Smellie Aug. 22 (BusinessDesk) - Auckland electricity and gas network operator Vector saw net profit after tax fall 16.9 percent to $171.3 million in the year to June 30, as regulator-mandated cuts to its monopoly assets bit into revenues, along with lower consumpt...

21 Aug 2014
Spark annual profit almost doubles on AAPT sale, grows mobile revenue

Spark annual profit almost doubles on AAPT sale, grows mobile revenue

By Paul McBeth Aug. 22 (BusinessDesk) - Spark New Zealand, the rebranded Telecom Corp, almost doubled annual profit on the sale of its Australian AAPT unit, and grew mobile revenue as it repositions itself away from relying on dwindling landline use. Net profit rose to $460...

21 Aug 2014
NZ dollar pops above 84 US cents as focus turns to Yellen's speech at Jackson Hole

NZ dollar pops above 84 US cents as focus turns to Yellen's speech at Jackson Hole

By Tina Morrison Aug. 22 (BusinessDesk) - The New Zealand dollar gained overnight, popping back above the key 84 US cent level, as traders look to an upcoming speech by US Federal Reserve chair Janet Yellen to the annual Jackson Hole gathering of central bank governors, amid s...

21 Aug 2014
While you were sleeping: Wall Street touches record

While you were sleeping: Wall Street touches record

21 Aug 2014
NZ Refining posts first-half loss in face of shrinking margins, strong kiwi

NZ Refining posts first-half loss in face of shrinking margins, strong kiwi

21 Aug 2014
UDPATE: Australian, Chinese-backed company targets small NZ forest owners

UDPATE: Australian, Chinese-backed company targets small NZ forest owners

21 Aug 2014
MARKET CLOSE: NZ shares rise on earnings; Port of Tauranga, Fletcher Building advance

MARKET CLOSE: NZ shares rise on earnings; Port of Tauranga, Fletcher Building advance

21 Aug 2014
Croxley calls time on NZ production in face of cheap imported stationery

Croxley calls time on NZ production in face of cheap imported stationery

21 Aug 2014
NZ dollar falls as economy seen settling to more modest pace, greenback rises

NZ dollar falls as economy seen settling to more modest pace, greenback rises

21 Aug 2014
NZ meat industry consolidation stumbled on differing strategies, uncommitted farmer suppliers

NZ meat industry consolidation stumbled on differing strategies, uncommitted farmer suppliers

21 Aug 2014
NZ consumer confidence sinks to 10-month low amid signs growth has peaked

NZ consumer confidence sinks to 10-month low amid signs growth has peaked

21 Aug 2014
UPDATE: Skellerup shares decline after annual profit misses expectations

UPDATE: Skellerup shares decline after annual profit misses expectations

20 Aug 2014
Port of Tauranga posts 1.3% gain in full-year profit as container volumes fall, logs rise

Port of Tauranga posts 1.3% gain in full-year profit as container volumes fall, logs rise

20 Aug 2014
NZ annual migration at 11-year high in July, eclipsing June record

NZ annual migration at 11-year high in July, eclipsing June record

20 Aug 2014
CORRECT: Marsden Maritime censured over council vote on director fee hike

CORRECT: Marsden Maritime censured over council vote on director fee hike

20 Aug 2014
Tenon returns to profit on US building activity, will use surplus cash for share buyback

Tenon returns to profit on US building activity, will use surplus cash for share buyback

20 Aug 2014
AMP's NZ financial services lift 1H earnings 5% on KiwiSaver flows

AMP's NZ financial services lift 1H earnings 5% on KiwiSaver flows

20 Aug 2014
NZ dollar declines on US dollar strength after upbeat FOMC minutes

NZ dollar declines on US dollar strength after upbeat FOMC minutes

20 Aug 2014
While you were sleeping: Rate chatter rises

While you were sleeping: Rate chatter rises

20 Aug 2014
Ports of Auckland FY profit almost doubles as volumes rise, costs kept at bay

Ports of Auckland FY profit almost doubles as volumes rise, costs kept at bay

20 Aug 2014
MARKET CLOSE: NZ stocks rise, Fletcher, Trade Me gain on earnings relief

MARKET CLOSE: NZ stocks rise, Fletcher, Trade Me gain on earnings relief

20 Aug 2014
NZ dollar falls as greenback rises; weak dairy, pause in rate hikes weigh on sentiment

NZ dollar falls as greenback rises; weak dairy, pause in rate hikes weigh on sentiment

20 Aug 2014
Colonial Motor Co FY profit soars 38% to record on growing vehicle sales

Colonial Motor Co FY profit soars 38% to record on growing vehicle sales

20 Aug 2014
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