Services
Explore the latest service news by BusinessDesk. Need more service stories?
Property
Retirement home operator Arvida reports strong FY19 earnings lift
By Pattrick Smellie May 28 (BusinessDesk) - Arvida Group is reporting a 17 percent increase in underlying profit after tax of $38.6 million for the year to March 31, citing new retirement villages acquired in previous years and higher resales of vacated units at higher margins...
Infrastructure
Air NZ to tweak 'cattle class', use machine-learning to target individualised fares
By Pattrick Smellie May 27 (BusinessDesk) - Air New Zealand is planning what amounts to a fourth choice of seat on its long haul flights, which will fit between the traditional economy seat and its Premium Economy product. While it doesn't yet have a name - Economy-Comfort...
Infrastructure
Air NZ profit warning follows plane upgrade announcements
By Pattrick Smellie May 27 (BusinessDesk) - High aviation fuel prices have knocked up to $60 million off Air New Zealand's forecast pre-tax profits in just two months. The airline has dropped guidance for earnings this financial year to bottom of its previously announced ra...
Finance
Cooperative Bank profit drops 8.7% after cutting customer fees
By Paul McBeth May 27 (BusinessDesk) - Cooperative Bank posted an 8.7 percent decline in annual profit as the minnow lender cut $5 million in fees charged to its owner-customers. Net profit fell to $9.6 million in the 12 months ended March 31, from $10.5 million a year ear...
Prev
