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Air NZ says full-year earnings to rise more than 17 percent after record first half
Feb. 27 (BusinessDesk) – Air New Zealand, the state-controlled airline, said full-year earnings will rise more than 17 percent after reining in fuel costs to deliver a record first-half profit. Normalised earnings before tax would be in excess of $300 million in the year ending...
NZ dollar pares decline after Fonterra raises forecast payout to farmers
By Tina Morrison Feb. 27 (BusinessDesk) – The New Zealand dollar pared its decline after Fonterra Cooperative Group raises its forecast payout for dairy farmers to a record. The kiwi climbed to 83.11 US cents at 9am in Wellington, from 82.90 cents at 8am and 83.30 cents at 5pm...
Fonterra hikes forecast pay-out to farmers on firm global demand
By Paul McBeth Feb. 27 (BusinessDesk) - Fonterra Cooperative Group, the world’s biggest dairy exporter, has raised its forecast pay-out to farmers as global demand for milk powders remains strong, while holding its expectations for a reduced dividend. The Auckland-based compan...
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