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Commerce Commission sets December deadline on Chorus copper pricing; shares jump
March 28 (BusinessDesk) - The Commerce Commission plans to determine a final price for what Chorus can charge users of its copper line services by Dec. 1. The shares gained 4.6 percent, making it the best performing stock on the benchmark NZX 50 Index today. The regulator will...
Scott Technology first-half profit drops 63 percent as strong kiwi erodes export earnings
March 28 (BusinessDesk) - Scott Technology, the industrial automation firm, reported a 63 percent slump in first-half profit as a strong New Zealand dollar eroded the company’s export earnings and stiff competition pushed down margins. Net profit dropped to $820,000, or 1.3 ce...
Dairy prices may dip as record payouts prompt farmers to boost milk production
By Tina Morrison March 28 (BusinessDesk) – Dairy prices will probably decline over the last few months of the New Zealand season as farmers ramp up milk production to benefit from record payouts. Prices generally hold up on lower volumes heading into the end of the season in M...
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