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CORRECT: Marsden Maritime censured over council vote on director fee hike
(Fixes Marsden Maritime argument in 4th graph) By Paul McBeth Aug. 21 (BusinessDesk) - Marsden Maritime Holdings, formerly known as Northland Port Corp, has been publicly censured by the stock market's disciplinary tribunal, which said Northland Regional Council was a relat...
Tenon returns to profit on US building activity, will use surplus cash for share buyback
By Suze Metherell Aug. 21 (BusinessDesk) - Tenon, the wood mouldings manufacturer, returned to profit as increased building activity in its main US market boosted sales and said it plans to return cash to investors through an on-market share buyback scheme. Profit was US$2...
AMP's NZ financial services lift 1H earnings 5% on KiwiSaver flows
By Paul McBeth Aug. 21 (BusinessDesk) - AMP's New Zealand financial services unit lifted first-half earnings as it increased KiwiSaver cashflows and boosted funds under management, while improving its margins. Operating profit rose 5 percent to $59.4 million in the six mont...
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