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Tag Archives: Businesswire
Quake Throws Lifeline to Building Industry
Article – Businesswire Sept 6 (BusinessDesk) – The 7.1 magnitude pre-dawn earthquake that shattered Christchurch may be the most significant economic disaster in recent history, but it will provide a much-needed lifeline for New Zealand’s beleaguered construction sector.
NZ Regulator Files Suit Against Freight Forwarders
Article – Businesswire Sept. 2 (BusinessDesk) – The Commerce Commission has filed proceedings in the High Court in Auckland against a number of multi-national freight forwarding companies alleging price collusion.
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Tagged All Businesswire, Businesswire, Civil Law, Commerce, Finance, Incoming, Justice System, Legal Issues, Regulatory Framework, Transport
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Scales Corp. Unaffected by SCF Receivership
Article – Businesswire Aug. 31 (BusinessDesk) – South Canterbury Finance-controlled industrial group and apple grower, Scales Corporation Ltd, today reported a $10.1 million pre-tax operating surplus for the year to June 30, and a reassurance that it is unaffected by … Continue reading
Northland Port Profit Rises on Higher Log Volumes
Article – Businesswire Aug. 27 (BusinessDesk) – Northland Port Corp., the port and infrastructure investment holding company, has reported a 16% rise in net profit for the year to June 30, on the back of improved log volumes at the … Continue reading
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Tagged All Businesswire, Businesswire, Company Results, Incoming, International Trade, Sharemarket, Transport
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Lyttelton ‘Fully Committed’ to Otago Merger Talks
Article – Businesswire Aug. 26 (BusinessDesk) – Lyttelton Port Co. has reiterated its commitment to merger talks with Port of Otago while posting weaker full-year earnings that it says masks a second-half recovery.
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Tagged All Businesswire, Businesswire, Commerce, Company Results, Economy, Incoming, Sharemarket, Transport
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Cavotec Profit Up 3.5%, Bullish on Outlook
Article – Businesswire Aug. 26 (BusinessDesk) – Cavotec MSL Holdings, the global engineering group and owner of Christchurch-based MoorMaster, has posted a 3.5% increase in first-half earnings and said it looks set to return to 2008 profit levels as its … Continue reading
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Tagged All Businesswire, Businesswire, Company Results, Incoming, Manufacturing, Sharemarket, Transport
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Tourism Holdings Profit Jumps 59%
Article – Businesswire Aug. 25 (BusinessDesk) – Tourism Holdings Ltd. has announced a 59% lift in net profit as a turnaround strategy launched 18 months ago finally kicks in.
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Tagged All Businesswire, Businesswire, Company Results, Incoming, Sharemarket, Tourism, Transport
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Air NZ Normalised Earnings Meet Forecast
Article – Businesswire Aug. 26 (BusinessDesk) – Air New Zealand Ltd., the national carrier, has posted normalised earnings before tax of $137 million for the year to June 30, broadly in line with expectations.
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Tagged All Businesswire, Businesswire, Company Results, Incoming, Sharemarket, State Owned Enterprises, Tourism, Transport
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Turner Auctions Boosts Earnings Amid Slow Recovery
Article – Businesswire Aug. 20 (BusinessDesk) – Turners Auctions lifted its first-half profit 6.1% amid a slow recovery in the used cars market from 2009′s lows.
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Tagged All Businesswire, Businesswire, Company Results, Economy, Incoming, Retail, Trade Agreements, Transport, Turners Auctions
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MARKET CLOSE: NZX50 Gains on Mainfreight Earnings
Article – Businesswire Aug. 19 (BusinessDesk) – New Zealand stocks rose as corporate earnings were largely in line with market expectations, with Mainfreight Ltd. leading the way higher as its first-quarter profit surged.
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Tagged All Businesswire, Businesswire, Company Results, Economy, Finance, Incoming, Manufacturing, Market Close, Real Estate, Sharemarket, Transport
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Port of Tauranga Meets Earnings Guidance
Article – Businesswire August 19 (BusinessDesk) – Port of Tauranga Ltd., New Zealand’s largest export hub, posted annual earnings that met its guidance, and said rising volumes and cost controls will allow it to maintain profit growth through 2011.
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Tagged All Businesswire, Businesswire, earnings, Incoming, International Trade, port of tauranga, Sharemarket, Transport
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Japan Charters Boom for Air NZ
Article – Businesswire by Jason Krupp August 19 (BusinessDesk) – Air New Zealand will be more than tripling its charter flights from Japan to New Zealand this summer in response to a boom in visitors from the high-spending tourism market.
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Tagged Air New Zealand charter flights, All Businesswire, Businesswire, Incoming, japan, Sharemarket, Tourism, Transport
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Mainfreight 1Q Profit Jumps With Sales Growth
Article – Businesswire Aug. 19 (BusinessDesk) – Mainfreight Ltd. posted a 148% gain in first-quarter profit as sales growth returned in most markets and it avoided one-time charges that marred the year-earlier result.
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Tagged All Businesswire, Businesswire, Commerce, Company Results, Economy, Incoming, Sharemarket, Transport
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MARKET CLOSE: NZX 50 Gains, Fletcher Profitable
Article – Businesswire August 18 (BusinessDesk) – New Zealand stocks rose for the third time in four sessions, as Fletcher Building Ltd., the largest company on the exchange, returned to profit and raised its dividend, leading gains on the day.
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Tagged All Businesswire, Businesswire, Company Results, Construction, Economy, Incoming, Manufacturing, Market Close, Sharemarket, Telecommunications, Transport
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Ports of Auckland Lifts Normalised Earnings 55%
Article – Businesswire Aug. 18 (BusinessDesk) – Ports of Auckland, New Zealand’s largest container port, lifted annual net profit near seven fold while its normalised result was up 55%.
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NZ Not Measuring Infrastructure Outcomes Well
Article – Businesswire New Zealand’s infrastructure project capability has fallen behind world best practice because of a prolonged period with relatively few major projects, the Centre for Advanced Engineering (CAENZ) says in a newly released 350 page report ‘Infrastructure …
Flying Kiwis Lose Options as Pacific Blue Quits NZ
Article – Businesswire Aug. 16 (BusinessDesk) – Pacific Blue (NZ) Ltd., the local unit of Richard Branson’s Virgin Airlines, is quitting New Zealand’s domestic routes in October, as it prepares to code-share on the Tasman with Air New Zealand.
Freightways Profit Drops 33% on Weak Economy, Tax
Article – Businesswire August 16 (BusinessDesk) – Freightways Ltd. posted a 33% drop in profit as the tepid economy sapped demand for express packages and the courier company took a charge for changes to tax rules.
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Tagged All Businesswire, Businesswire, Commerce, Company Results, Economy, Finance, Incoming, Sharemarket, Transport
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Lyttelton Port Adds Land to Inland Facility
Article – Businesswire Lyttelton Port adds land to inland facility July 1 (BusinessDesk) – Lyttelton Port of Christchurch Ltd is buying 7.3 hectares of industrial land next to its existing “inland port” infrastructure , six kilometres from the port facility … Continue reading
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Tagged Businesswire, Incoming, Lyttelton port inland, Sharemarket, Transport
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L&M Energy Shares Halted Pending Capital Plan
Article – Businesswire June 24 (BusinessWire) – Shares of L&M Energy Ltd. were halted from trading pending a statement on a capital raising plan.
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Tagged All Businesswire, Alternative Energy, Businesswire, Climate Change, Coal, Energy Policy, Finance, Gas, Incoming, Industry, Interest Rates Bonds, Mining, Sharemarket, Transport
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L&M Energy Shares Halted Pending Capital Plan
Article – Businesswire June 24 (BusinessWire) – Shares of L&M Energy Ltd. were halted from trading pending a statement on a capital raising plan.
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Tagged All Businesswire, Alternative Energy, Businesswire, Climate Change, Coal, Energy Policy, Finance, Gas, Incoming, Industry, Interest Rates Bonds, Mining, Sharemarket, Transport
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Auckland Airport May Passenger Traffic Grows
Article – Businesswire June 23 (BusinessWire) – Auckland International Airport Ltd., New Zealand’s busiest gateway, is continuing to see upward trends in passenger numbers, with May’s 464,315 domestic travellers 7.1% ahead of the same month in 2009.
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Tagged All Businesswire, Businesswire, Economy, Incoming, Sharemarket, Tourism, Transport
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NZ Net Migration Shrinks to Just 250 in May
Article – Businesswire June 21 (BusinessWire) – New Zealand’s net migration shrank to an 18-month low last month, suggesting the economic impetus provided by people choosing to live here may be abating.
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Tagged All Businesswire, Businesswire, Currency, Economy, Forex Currencies, Incoming, Interest Rates Bonds, Tourism, Transport
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Akl Airport Faces One-Off $80 Mln Depreciation Hit
Article – Businesswire June 18 (BusinessWire) – Auckland International Airport Ltd. has flagged a one-off hit on its bottom line this year because of Budget tax changes removing the ability to claim depreciation on buildings that rise in value.
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Tagged All Businesswire, Auckland International Airport, Businesswire, Incoming, Tourism, Transport
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