Dene Mackenzie

Air NZ in further profit upgrade

Air NZ in further profit upgrade

The positive earnings story at Air New Zealand continued with another profit upgrade, Forsyth Barr broker Andrew Rooney said yesterday.

Foodstuffs SI prevails in demanding conditions

Foodstuffs SI prevails in demanding conditions

Grocery operator Foodstuffs SI overcame demanding retail conditions to report an improved operating profit for the year ended February 28, the annual report shows.

Currency forecasts quickly outdated

Currency forecasts quickly outdated

The New Zealand dollar continues to test five-year lows following the Reserve Bank's interest rate cut earlier this month, appearing to catch the majority of businesses by surprise.

Labour slams savings change

The Government seemed hell-bent on destroying New Zealand's saving culture, Labour finance spokesman Grant Robertson said yesterday.

Member benefits drive SBS profit

A strong focus on providing benefits to members helped SBS report a record profit for the year ended March.

Growth even in 'quiet' month

Growth even in 'quiet' month

Queenstown Airport passenger numbers grew strongly in May despite the month traditionally being the airport's quietest.

Banks' profits liftas margins squeezed

Tightening lending margins do not seem to have affected New Zealand's five major banks which continued to show strong profits and lending growth in the three months ended March.

Significant migration change

Significant migration change

New Zealand's immigration data for May is showing a significant change in fortune for transtasman population growth.

$367m back to Contact shareholders

$367m back to Contact shareholders

Contact Energy's 70,000 shareholders will today receive a 50c-per-share special dividend returning $367 million to shareholders, including majority owner Australian-listed Origin Energy.

Directors' body initiatives taking effect

Directors' body initiatives taking effect

The Institute of Directors was in good shape and the work done in the past few years would continue into the future, retiring president Stuart McLauchlan said.