Wednesday, 21 August 2019


  • Fletcher Building returns to profit

    08:54 | 21/8/19
    Auckland, 21 August 2019: Fletcher Building Limited’s FY19 financial results reflect a solid NZ performance, a return to profitability, and successful execution of the first year of its five-year strategy aimed to refocus and grow the business. more»
  • Christchurch Airport continues strong run

    08:40 | 21/8/19
    Christchurch International Airport Limited (CIAL) has recorded another record year in FY19. Excluding the impact of fair value gains on investment properties, underlying profit before tax [1] for the year was $66.9 million against $57.2 million for FY18 ... more»
  • Spark New Zealand announces annual results

    08:36 | 21/8/19
    Spark New Zealand has delivered profit growth, stronger operating margins and market share gains in its financial results for the year to 30 June 2019.  more»
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Recent News
  • XE Morning Update - August 21, 2019

    08:11 | 21/8/19
    The NZDUSD opens at 0.6419 (mid-rate) this morning.  more»
  • MARKET CLOSE: NZ shares rise; Napier Port's promising debut

    21:22 | 20/8/19
    Aug. 20 (BusinessDesk) – New Zealand shares rose as Napier Port Holdings climbed on debut, rising 13.5 percent to $3 from its IPO price of $2.60 a share.  more»
  • Stuff pulls pin on media companies' joint ad-buying business

    20:44 | 20/8/19
    Aug. 20 (BusinessDesk) - A four-way automated advertising collaboration between the country's largest media companies is being wound up after one of the four - Australian-owned Stuff - pulled the pin on its involvement as part of a strategic review of its operations ... more»
  • UPDATE: Lack of fuel competition may be costing $400m

    20:42 | 20/8/19
    Aug. 20 (BusinessDesk) - The country’s fuel retailers may be earning close to $400 million a year in excess returns, and few expect any reduction in profitability any time soon, the Commerce Commission says. more»
  • NZ dollar rises on mild improvement in sentiment

    20:41 | 20/8/19
    Aug. 20 (BusinessDesk) - The New Zealand dollar rose as investors decided to look on the bright side in the absence of hard news on the US-China trade war and what central banks will do next. more»
  • APRA, RBNZ give ANZ Bank a headache over capital

    20:40 | 20/8/19
    Aug. 20 (BusinessDesk) - The Australian banking regulator has decided to go ahead with its proposal to halve the limit on the exposures of Australian banks to their subsidiaries, catching ANZ Bank between opposing regulatory requirements on each ... more»
  • Gaming and media sector could be low hanging fruit for Gov

    16:57 | 20/8/19
    Interactive media, the world’s largest and fastest-growing media sector, could be the low hanging fruit for the New Zealand government when it comes to their industry transformation plans, NZTech chief executive Graeme Muller says. He was commenting ... more»
  • Lack of fuel competition may be costing $400m annually

    16:50 | 20/8/19
    Aug. 20 (BusinessDesk) - The country’s fuel retailers may be earning close to $400 million a year in excess returns, and few expect any reduction in profitability any time soon, the Commerce Commission says. more»
  • MTA pumped with fuel market study findings

    16:37 | 20/8/19
    The Motor Trade Association (MTA), which represents the owners of around 900 service stations, has welcomed the release of the Commerce Commission’s draft report on retail fuel market competition. more»
  • UPDATE: Mercury earnings fall less than expected

    16:35 | 20/8/19
    Aug. 20 (BusinessDesk) - Mercury NZ's annual operating earnings fell 11 percent, less than forecast, as record geothermal production helped offset a dry spell in the North Island that weighed on its hydro schemes.  more»
  • Transdev to Acquire Auckland And Wellington Bus Businesses

    16:01 | 20/8/19
    Transdev Australasia today announced that it has agreed terms to acquire two bus operations in Auckland and Wellington, reaching agreement with Souter Investments to purchase Howick and Eastern Buses and Mana Coach Services. more»
  • Metlink welcomes purchase of Mana Coach Services

    15:23 | 20/8/19
    Metlink welcomes news today that Transdev Australasia have agreed terms to acquire Mana Coach Services.  more»
  • Wilshire Group announces trio of senior appointments

    15:14 | 20/8/19
    New Zealand owned Wilshire Group has announced the appointments of a new Chief Executive Officer, Development Manager and Commercial Manager since the start of the year.  more»
  • Napier Port jumps 12% on NZX debut

    15:06 | 20/8/19
    Aug. 20 (BusinessDesk) - Napier Port debuted at $2.91 on the New Zealand stock exchange, up 12 percent on its initial public offer price, amid pent-up demand after an oversubscribed bookbuild earlier this month. more»
  • Alphacert And Refinitiv Joining Forces

    14:20 | 20/8/19
    Auckland, New Zealand. 20 August 2019. Investment data management platform provider AlphaCert has joined forces with global financial markets data provider Refinitiv to offer exciting new data management solutions to the Australian and New Zealand ... more»
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