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NZ Oil and Gas lifts FY profit on lack of impairments as oil output declines

NZ Oil and Gas lifts FY profit on lack of impairments as oil output declines

By Jonathan Underhill Aug. 27 (BusinessDesk) – New Zealand Oil & Gas posted a 31 percent gain in full-year profit as impairments against its Pike River loans a year earlier weren’t repeated while its Kupe and Tui fields produced less oil. Profit rose to $25.9 million, or 6.3 c...

26 Aug 2013
Wellington Drive narrows 1H loss as turnaround plan trims costs by 30 percent

Wellington Drive narrows 1H loss as turnaround plan trims costs by 30 percent

Aug. 27 (BusinessDesk) - Wellington Drive Technologies, the unprofitable manufacturer of energy efficient motors, narrowed its first-half loss as its new strategy trimmed its costs by 30 percent. The Auckland-based company made a net loss of $1.76 million, or 1.87 cents per sh...

26 Aug 2013
NZ dollar advances as weaker report on US durable goods prompts concerns about recovery

NZ dollar advances as weaker report on US durable goods prompts concerns about recovery

By Tina Morrison Aug. 27 (BusinessDesk) – The New Zealand dollar gained after weaker-than-expected US durable goods figures prompted some investors to bet a slower pace of economic growth may prompt the Federal Reserve to push out plans to taper its bond purchases. The kiwi adv...

26 Aug 2013
Government ministers mull beefing up trade specialists in key markets

Government ministers mull beefing up trade specialists in key markets

26 Aug 2013
MARKET CLOSE NZ shares rise, paced by Skellerup, Sky TV; Chorus falls

MARKET CLOSE NZ shares rise, paced by Skellerup, Sky TV; Chorus falls

26 Aug 2013
NZ dollar holds gains after brief decline following bigger July trade deficit

NZ dollar holds gains after brief decline following bigger July trade deficit

26 Aug 2013
NZ Dollar Outlook Kiwi may decline as Federal Reserve heads towards September tapering

NZ Dollar Outlook Kiwi may decline as Federal Reserve heads towards September tapering

26 Aug 2013
Government seeks feedback on Dunne’s flexi-pension plan

Government seeks feedback on Dunne’s flexi-pension plan

26 Aug 2013
S and P affirms NZ’s AA+ rating; sound fiscal position makes up for private sector indebtedness

S and P affirms NZ’s AA+ rating; sound fiscal position makes up for private sector indebtedness

26 Aug 2013
Chorus lifts capital spending, projects flat-to-lower 2014 earnings; shares slip

Chorus lifts capital spending, projects flat-to-lower 2014 earnings; shares slip

26 Aug 2013
Delegat’s shares slump to four-month low after earnings miss analysts’ estimates

Delegat’s shares slump to four-month low after earnings miss analysts’ estimates

26 Aug 2013
Wynyard on track to meet prospectus target for FY sales, Richardson says

Wynyard on track to meet prospectus target for FY sales, Richardson says

26 Aug 2013
NZ posts biggest trade deficit in 10 months as imports jump to record

NZ posts biggest trade deficit in 10 months as imports jump to record

25 Aug 2013
Delegat’s posts 62 percent gain in annual profit as value of vineyards, grapes increase

Delegat’s posts 62 percent gain in annual profit as value of vineyards, grapes increase

25 Aug 2013
Fletcher Building names Charles Bolt as general counsel, replacing Farrell

Fletcher Building names Charles Bolt as general counsel, replacing Farrell

25 Aug 2013
Heartland FY profit slides 71 percent to $6.9 mln on charges to take distressed assets in-house

Heartland FY profit slides 71 percent to $6.9 mln on charges to take distressed assets in-house

25 Aug 2013
Chorus flags flat-to-weaker underlying earnings in 2014 after small annual gain this year

Chorus flags flat-to-weaker underlying earnings in 2014 after small annual gain this year

25 Aug 2013
Mainfreight gets 8.2M euros to settle claim with former Wim Bosman owners

Mainfreight gets 8.2M euros to settle claim with former Wim Bosman owners

25 Aug 2013
NZ dollar strengthens on concern weak US housing market may delay Fed tapering

NZ dollar strengthens on concern weak US housing market may delay Fed tapering

25 Aug 2013
NZ dairy products face delay at Chinese ports as testing regime debated

NZ dairy products face delay at Chinese ports as testing regime debated

25 Aug 2013
NZ dollar heads for 3.3 percent weekly fall as central banks talk, emerging markets slide

NZ dollar heads for 3.3 percent weekly fall as central banks talk, emerging markets slide

23 Aug 2013
Skellerup shares rise to four-month high on earnings outlook, Craigs upgrades stock to buy

Skellerup shares rise to four-month high on earnings outlook, Craigs upgrades stock to buy

23 Aug 2013
Regional ports grapple with ship size and connectivity

Regional ports grapple with ship size and connectivity

23 Aug 2013
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