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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...
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...
Lyttelton Port resumes dividends after insurance swells first-half profit
By Paul McBeth Feb. 28 (BusinessDesk) - Lyttelton Port Co, Christchurch’s ocean trade hub, has resumed dividend payments for the first time since 2010 after reaching a settlement with its insurers over the damage caused by the Canterbury earthquakes, which swelled its first-hal...
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