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NZ dollar edges up as tepid inflation keeps rate hike pressure off RBNZ
By Paul McBeth July 16 (BusinessDesk) - The New Zealand dollar edged up in local trading as the lowest annual pace of inflation in 14 years gives the Reserve Bank room to keep interest rates on hold, as rising construction costs stay contained. The kiwi rose to 78.28 US cents...
NZ corporate earnings may miss expectations, AMP Capital says
By Paul McBeth July 16 (BusinessDesk) - New Zealand corporate earnings may fall short of investors’ expectations with the reporting season for June balance dates bearing down next month. Locally-listed companies’ valuations may start coming off the boil as the price-to-earning...
Delegat’s confirms jump in harvest, IFRS harvest gains to lift FY net profit
July 16 (BusinessDesk) - Delegat's Group, which completed the A$24.7 million acquisition of Australia's Barossa Valley Estate last month, said full-year net profit was “significantly higher” than last year’s result following a strong harvest. Net profit exceeded the $25.5 milli...