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Mercer Group expects annual earnings to decline as it employs more staff; shares drop

Mercer Group expects annual earnings to decline as it employs more staff; shares drop

By Tina Morrison Feb. 28 (BusinessDesk) –Mercer Group, the stainless steel fabricator, expects annual earnings to decline this year as it invests in more staff in anticipation of future earnings growth. The shares dropped 4.8 percent. Mercer expects earnings before interest, t...

27 Feb 2014
KiwiRail cuts annual earnings forecast as Aratere outage weighs, in talks with govt over finances

KiwiRail cuts annual earnings forecast as Aratere outage weighs, in talks with govt over finances

Feb. 28 (BusinessDesk) - KiwiRail, the state-owned rail service, has cut its forecast operating profit as the outage of the Aratere inter-island ferry weighs on earnings, and is in talks with the government to ensure it has enough cash to last the rest of the year. The Welling...

27 Feb 2014
NZ building consents slide 8.3 percent in January as apartment permits slip from records

NZ building consents slide 8.3 percent in January as apartment permits slip from records

Feb. 28 (BusinessDesk) - New Zealand building consents for residential housing dropped 8.3 percent in January as the number of new apartments and retirement units dwindled from records in November and December. New dwelling consents, including apartments, fell to a seasonally...

27 Feb 2014
Lyttelton Port resumes dividends after insurance swells first-half profit

Lyttelton Port resumes dividends after insurance swells first-half profit

27 Feb 2014
NZ Windfarms narrows first-half loss

NZ Windfarms narrows first-half loss

27 Feb 2014
Turners and Growers turned to an annual profit in 2013 after two years of losses following writedowns

Turners and Growers turned to an annual profit in 2013 after two years of losses following writedowns

27 Feb 2014
Metlifecare first-half profit slides 69 percent as merger gains wash through

Metlifecare first-half profit slides 69 percent as merger gains wash through

27 Feb 2014
Transpower trims interim dividend as grid upgrade lifts first-half revenue

Transpower trims interim dividend as grid upgrade lifts first-half revenue

27 Feb 2014
NZ dollar rises as buoyant economic news cements chance of rate hike next month

NZ dollar rises as buoyant economic news cements chance of rate hike next month

27 Feb 2014
High dollar, tight margins push NZ Refining to full year loss

High dollar, tight margins push NZ Refining to full year loss

27 Feb 2014
While you were sleeping Yellen affirms plan to wind back stimulus

While you were sleeping Yellen affirms plan to wind back stimulus

27 Feb 2014
MARKET CLOSE NZ stocks slide after Australian data Fletcher, A2, SkyCity fall

MARKET CLOSE NZ stocks slide after Australian data Fletcher, A2, SkyCity fall

27 Feb 2014
TVNZ boosts first-half profit jumps 47 percent as ad revenue recovers, writes off Igloo investment

TVNZ boosts first-half profit jumps 47 percent as ad revenue recovers, writes off Igloo investment

27 Feb 2014
Ngai Tahu, Tainui, Pioneer Capital buy Waikato Milking Systems for undisclosed sum

Ngai Tahu, Tainui, Pioneer Capital buy Waikato Milking Systems for undisclosed sum

27 Feb 2014
NZ dollar hits 4-week high vs. A$ after weak Australian capex, Fonterra hikes farmgate payout

NZ dollar hits 4-week high vs. A$ after weak Australian capex, Fonterra hikes farmgate payout

27 Feb 2014
Veritas, Mad Butcher franchisor, to boost annual dividend as 1H profit falls 6.8 percent

Veritas, Mad Butcher franchisor, to boost annual dividend as 1H profit falls 6.8 percent

27 Feb 2014
Transfield wins $88 mln Chorus contracts after protracted negotiations

Transfield wins $88 mln Chorus contracts after protracted negotiations

27 Feb 2014
Hellaby posts 60 percent rise in first half profit, bolstered by acquisitions

Hellaby posts 60 percent rise in first half profit, bolstered by acquisitions

27 Feb 2014
Govt confirms deep-sea exploration consents won’t require public hearings

Govt confirms deep-sea exploration consents won’t require public hearings

27 Feb 2014
NZ posts $306 mln trade surplus in January as dairy leads record shipments to China

NZ posts $306 mln trade surplus in January as dairy leads record shipments to China

26 Feb 2014
UPDATED Delegat’s 1H earnings fall 7.6 percent as UK, Europe sales drop

UPDATED Delegat’s 1H earnings fall 7.6 percent as UK, Europe sales drop

26 Feb 2014
NZ net migration climbs to decade-high in January with more arrivals, fewer departures

NZ net migration climbs to decade-high in January with more arrivals, fewer departures

26 Feb 2014
Delegat’s first-half earnings fall 7.6 percent as UK, Europe sales fall

Delegat’s first-half earnings fall 7.6 percent as UK, Europe sales fall

26 Feb 2014
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