BusinessDesk

Z Energy has cut its full-year earnings guidance after rising oil prices and a weaker New Zealand dollar slashed its first-half operating profit by 21%.

Courier and information management company Freightways said September quarter revenue was up 8.3% and reiterated that it expects year-on-year earnings growth.

Greater standardisation of network charges is needed to remove complexity and cost from electricity retailing, Genesis Energy says.

Former Prime Minister Sir William English remains upbeat about the New Zealand economy despite some headwinds both at home and abroad.

Fonterra has cut its forecast milk payout to suppliers by up to 50 cents due to oversupply on world markets.

Summerset's third-quarter sales fell 4.5% as the retirement village operator waits for a large number of new units to come on stream.

Submitters on the Government's Carbon Zero Bill favour an all-gases target but many were split on what that should look like.

A ban on letting fees for tenants could be in place as early as December to protect renters during the peak summer period.

New Zealand firms blamed government policy and rising labour costs for their gloomiest sentiment in nine years, according to the New Zealand Institute of Economic Research.

Xero is on the hunt for new acquisitions and plans to raise $US300 million through an issue of convertible notes it will list in Singapore.

Greymouth Petroleum, the second-largest New Zealand-based oil and gas producer, has started court action challenging the Government's plan to ban offering new offshore exploration permits.

Briscoe Group raised its interim dividend for an 11th straight year as the retailer remains confident it can keep boosting profit and shareholder returns, despite flagging consumer confidence.

Future Mobility Solutions and Windflow Technology are among locally listed firms deciding their futures on the NZX.

Infratil says the $208.5million takeover offer for Tilt Renewables it is leading is "fair and reasonable" after Tilt's independent directors recommended shareholders reject the deal as too low.

The full year to June financial results for New Zealand's two largest ports were poles apart, with the Port of Tauranga posting a 13% profit gain while Christchurch's Lyttelton Port Company's...

Sales at Downer EDI's New Zealand division have risen 59% percent, benefiting from last year's purchase of parts of the Hawkins Group.

Sausage-maker Hellers has continued its foray across the Tasman buying Victoria's Moira Mac Poultry for an undisclosed sum and adding $A40million ($NZ43.5million) of revenue to its income stream.