Article – BusinessDesk
Feb. 22 (BusinessDesk) – New Zealand shares rose, with heavy trading in Auckland International Airport and Air New Zealand after the airport operator lifted earnings and said it will cut airline landing fees. Read more »
Article – BusinessDesk
Feb. 22 (BusinessDesk) – The New Zealand dollar fell, dragged down by the Australian dollar, amid concerns about what a ban on Australian coal imports through China’s northern ports in Dalian might mean. Read more »
Article – BusinessDesk
New Zealands largest bank, ANZ Bank, currently must hold just over half the amount of capital that Kiwibank must hold to back every $100 of mortgage lending, giving the Australian-owned bank a huge cost advantage over its smaller government-owned … Read more »
Article – BusinessDesk
Feb. 22 (BusinessDesk) – Hydrogen could play a key role reducing emissions from heavy trucks using the countrys major transport hubs, Refining NZ chief executive Mike Fuge says. Read more »
Article – BusinessDesk
Feb. 22 (BusinessDesk) – Auckland International Airport chief executive Adrian Littlewood isn’t seeing any bigger decline in Chinese tourist numbers than what would be expected with a slowing economy. Read more »
Article – BusinessDesk
Feb. 22 (BusinessDesk) – New Zealand Refining is investigating whether it may be able to bring forward a project to improve the shipping channel into Whangarei harbour by a year. Read more »
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Feb. 22 (BusinessDesk) – Cavalier Corps investors might allow themselves to believe the company is turning a corner after it reported a first-half result at the upper end of guidance following a similar performance in the previous financial year. Read more »
Article – BusinessDesk
Feb. 22 (BusinessDesk) – First Gas has been ordered to pay $3.4 million by the High Court after admitting it engaged in anti-competitive conduct when acquiring the Bay of Plenty gas distribution assets of GasNet. Read more »
Article – BusinessDesk
Feb. 22 (BusinessDesk) – Unprofitable brewer Moa Group plans to raise up to $3 million through a rights issue to help fund its acquisition of bar and restaurant owner Savor Group if the deal is approved by shareholders at a special meeting next month. Read more »
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Feb. 22 (BusinessDesk) – Z Energy has appointed a new chair, Abby Foote, who will take over from Peter Griffiths when he steps down in May after the companys financial results for the March year have been completed. Read more »
Article – BusinessDesk
Feb. 22 (BusinessDesk) – Carpet maker Cavalier reported a $10 million first-half net loss but its normalised profit rose 68 percent to near the top of its earlier guidance. Read more »
Article – BusinessDesk
Feb. 22 (BusinessDesk) – Summerset Group said full-year net profit was down 11 percent as the property market slows in some parts of the country, leading to a smaller valuation gain on retirement village portfolio. Read more »
