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NZ Refining aims to shrink workforce, squeeze yields as global over-capacity hurts margins

NZ Refining aims to shrink workforce, squeeze yields as global over-capacity hurts margins

By Jonathan Underhill Aug. 23 (BusinessDesk) – New Zealand Refining plans to shrink its workforce by 8 percent by 2014, cut costs via new electricity and gas supply contracts and boost its hydrocracker yield in the face of ‘systemic discounting’ from larger refineries in South...

23 Aug 2013
Telecom ends jobs purge, looks for ‘more sophisticated’ ways to save money

Telecom ends jobs purge, looks for ‘more sophisticated’ ways to save money

By Paul McBeth Aug. 23 (BusinessDesk) - Telecom Corp, which is undergoing a radical transformation into a data-driven and mobile-focused telecommunications operator, has finished a harsh round of job cuts, trimming its labour bill by an eighth, and is looking for “more sophisti...

23 Aug 2013
Success a burden for Port of Tauranga

Success a burden for Port of Tauranga

By Pam Graham Aug. 23 (BusinessDesk) – Port of Tauranga handled fewer containers in the second half of its financial year compared to the previous year when industrial action plagued rival Ports of Auckland. Analysts are also finding it hard to justify the premium the stock tr...

23 Aug 2013
Air NZ plans to cut 180 jobs at Auckland engineering base, citing move to modern aircraft

Air NZ plans to cut 180 jobs at Auckland engineering base, citing move to modern aircraft

22 Aug 2013
Sky Network increases profit, dividend as it battles increased rivalry

Sky Network increases profit, dividend as it battles increased rivalry

22 Aug 2013
Air New Zealand plans to close Auckland maintenance facility, cut 180 jobs, union says

Air New Zealand plans to close Auckland maintenance facility, cut 180 jobs, union says

22 Aug 2013
NZ Refining turns to first-half profit on margin improvement that may not be sustained

NZ Refining turns to first-half profit on margin improvement that may not be sustained

22 Aug 2013
Telecom FY earnings fall to bottom of guidance range, sees unchanged dividend in 2014

Telecom FY earnings fall to bottom of guidance range, sees unchanged dividend in 2014

22 Aug 2013
CORRECT David Ross appears at District Court hearing, remanded until Aug.29

CORRECT David Ross appears at District Court hearing, remanded until Aug.29

22 Aug 2013
NZ dollar falls to three-week low, likely to extend decline on Fed tapering, LVR restrictions

NZ dollar falls to three-week low, likely to extend decline on Fed tapering, LVR restrictions

22 Aug 2013
While you were sleeping US jobs data lift Wall Street

While you were sleeping US jobs data lift Wall Street

22 Aug 2013
MARKET CLOSE NZ shares fall as earnings dominate; NZX, Telecom, Port of Tauranga drop

MARKET CLOSE NZ shares fall as earnings dominate; NZX, Telecom, Port of Tauranga drop

22 Aug 2013
NZ dollar falls as Fed minutes point to tapering; RBNZ loan limits cool rate expectations

NZ dollar falls as Fed minutes point to tapering; RBNZ loan limits cool rate expectations

22 Aug 2013
Sale of Rakon’s Chinese factory better than liquidation

Sale of Rakon’s Chinese factory better than liquidation

22 Aug 2013
South Port posts record profit even as smelter cuts production

South Port posts record profit even as smelter cuts production

22 Aug 2013
Vital Healthcare posts 21 percent rise in profit, expects similar distributions in 2014

Vital Healthcare posts 21 percent rise in profit, expects similar distributions in 2014

22 Aug 2013
David Shearer resigns, leaving vacuum at top of NZ’s Labour Party

David Shearer resigns, leaving vacuum at top of NZ’s Labour Party

22 Aug 2013
RESEND Visy Fined $3.6M in NZ High Court for price fixing in long-running case

RESEND Visy Fined $3.6M in NZ High Court for price fixing in long-running case

22 Aug 2013
Woolworths looks to learn from EziBuy

Woolworths looks to learn from EziBuy

22 Aug 2013
Fairfax NZ annual earnings fall 15 percent, outperforming Australian titles

Fairfax NZ annual earnings fall 15 percent, outperforming Australian titles

22 Aug 2013
RESEND Port of Tauranga prepares for big ships, reports record profit

RESEND Port of Tauranga prepares for big ships, reports record profit

22 Aug 2013
IAG lifts NZ insurance profit by 12 percent on AMI contribution, gains in GWP

IAG lifts NZ insurance profit by 12 percent on AMI contribution, gains in GWP

22 Aug 2013
Skellerup shares surge, best performer on the NZX 50 Index, as profits seen rising

Skellerup shares surge, best performer on the NZX 50 Index, as profits seen rising

22 Aug 2013
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