A2 shares surge on stronger margin outlook
By Jenny Ruth | Tue, 19 Nov 2019
A2 Milk shares jumped 14.2 percent after it said it expects annual operating profit margin will be stronger than previously communicated and in the range of 29-30 percent.The shares jumped to $14.62 f...
A2 raises operating profit margin expectations
By Jenny Ruth | Tue, 19 Nov 2019
A2 Milk says it expects annual operating profit margin will be stronger than previously communicated and in the range of 29-30 percent. On Aug. 21 when it released its annual results, A2 said it ex...
Kiwi Property eyes apartments, funds management
By Jenny Ruth | Tue, 19 Nov 2019
Kiwi Property Group is investigating ways of branching out from its core business, including moving into funds management, as Stride Property has done, and building apartment complexes to rent.Over th...
Card spending stalls; dearer petrol crowds out other goods
By Paul McBeth | Mon, 11 Nov 2019
Spending on credit and debit cards fell for the first time in four months, with dearer petrol prices in October blamed for soaking up more of people's pay packets. Statistics New Zealand figures s...
Warehouse transformation programme reaps benefits
By Victoria Young | Fri, 08 Nov 2019
The Warehouse Group says it continues to reap the rewards of its transformation programme as first-quarter sales improved by 4 percent from a year ago to $694.8 million. The latest result follows...
Death knell for power companies' customer 'win-back' tactics
By Pattrick Smellie | Tue, 05 Nov 2019
Proposed new regulations will effectively kill off electricity companies' practice of wooing back departing customers with generous 'win-back' offers. The Electricity Authority is consulting on a p...
NZ stocks smacked by smelter review, SkyCity fire
By Paul McBeth | Wed, 23 Oct 2019
New Zealand shares dropped as the threat of Rio Tinto pulling the pin on the Tiwai Point smelter saw Meridian Energy and its electricity sector peers sold off sharply. The S&P/NZX 50 Index dr...
Rip Curl buy a done deal on Kathmandu proxies
By Paul McBeth | Fri, 18 Oct 2019
Enough Kathmandu shareholders backed the $368 million acquisition of surf brand Rip Curl to approve the deal just on the number of proxy votes held by the board.The special meeting in Sydney was to ra...
SkyCity hoses down union claims over potential job losses
By Victoria Young | Thu, 17 Oct 2019
SkyCity Entertainment Group has hosed down union claims that almost half its convention centre workforce was at risk, saying just eight jobs were affected by a consultation process. The casino op...
Hart trims global packaging empire with US$615m sale
By Paul McBeth | Wed, 16 Oct 2019
Billionaire Graeme Hart's packaging empire just got a little smaller after Reynolds Group Holdings sold some of its North American, Costa Rican and Japanese units to investment manager Cerberus Capita...
