Hubbard investors face loss
Hubbard investors face loss
"Considerable losses" of close to $31 million are forecast for investors in Hubbard Management Funds, with the earliest distribution of funds at least a year away.
Simon Hartley
Confidence over expansion
Confidence over expansion
Mainfreight has expanded its European operations with a more than $200 million acquisition of a private Netherlands-based transport company with 14 branches in six European countries.
OMV redefines prospecting boundaries
OMV redefines prospecting boundaries
Oil giant OMV has redefined the exploration boundaries of its Great South Basin permits as the July deadline looms when it must decide to drill or relinquish its southern holdings.
Hostility to coal proposal
Hostility to coal proposal
Southland's vast lignite deposits were the focus of a public meeting organised by anti-mining lobby group Coal Action Network (Can), in Auckland last night.
NZ Dollar predicted to fall
NZ Dollar predicted to fall
The weakening New Zealand dollar has clawed back some ground against the Australian dollar since hitting an 18-year low of A72.90c on Thursday.
Quake spurs Fletcher profit downgrade
Quake spurs Fletcher profit downgrade
The economic disruption to Christchurch after last week's earthquake has prompted Fletcher Building to issue a profit downgrade - potentially $14 million to $24 million lower than previous guidance.
Solution in sight for whisky storage problem
Solution in sight for whisky storage problem
The future home of the Oamaru-based New Zealand Malt Whisky Company - purchased out of receivership last year - remains undecided.
Libyan unrest drives up oil price
Libyan unrest drives up oil price
Tensions in the Middle East have propelled oil prices to a more than two-year high and are causing more concerns for New Zealand motorists after this week's 5c-a-litre hike in fuel prices.
SCF assets value could diminish
SCF assets value could diminish
The value of some of failed South Canterbury Finance's assets may be downgraded as a result of last week's devastating earthquake in Christchurch.
Banks drop rates in expectation of OCR cut
Banks drop rates in expectation of OCR cut
Expectations the Reserve Bank will cut the interest-driving official cash rate (OCR) in the wake of the Christchurch earthquake to stimulate spending has been underpinned by the ANZ and National Bank yesterday cutting interest rates across all their home mortgage rates.
Bad patch for clothing retailer
Bad patch for clothing retailer
Global childrenswear retailer Pumpkin Patch - which boosted store numbers by 17 outlets to 261 across the world - has booked a 44% decline in after-tax profits for the six months to the end of January.
$2.5b claim on reinsurers may be option for EQC
$2.5b claim on reinsurers may be option for EQC
International rating agency Standard and Poor's believes New Zealand's Earthquake Commission (EQC) will be able to make a $2.5 billion claim from its reinsurers, as opposed to dipping into its cash reserves.
$99 million loss posted by NZOG
$99 million loss posted by NZOG
New Zealand Oil and Gas - the majority shareholder of Pike River Coal - has booked a $99 million loss for the six months to December.
Getting down to business, Kiwi-style
Getting down to business, Kiwi-style
Fifteen countries are represented this year by the 20 full-time students enrolled at the University of Otago's School of Business MBA programme - one of the few in the country that has local business people mentoring students.
Premiums tipped to double after quake
Premiums tipped to double after quake
International rating agency Standard & Poor's has warned the cost to general insurance companies of getting their own reinsurance policies could become prohibitively high.
Lyttelton Port to partially open
Lyttelton Port to partially open
Lyttelton Port of Christchurch is expecting to be operating by tomorrow, when a fuel ship is due to arrive for unloading.
AIA excels with 14% profit growth
AIA excels with 14% profit growth
Asian passenger growth and investment in retail outlets has underpinned a strong result for Auckland International Airport (AIA), whose after tax-profit has risen 14% to $61.5 million.
Airport reports $14,000 deficit
Airport reports $14,000 deficit
Passenger movements and revenue were up at Dunedin International Airport - boosted by Australian connections - but the after-tax surplus for the six-months to December has slumped from $113,000 during the previous corresponding period (pcp) to a deficit of $14,000.
Quake blow to economic prospects
Quake blow to economic prospects
Southern economic growth prospects this year may have been crushed following Christchurch's devastating 6.3 earthquake on Tuesday, in many cases destroying buildings and businesses still under repair from September's quake.
Businesses still reviewing situation
Businesses still reviewing situation
With non-stop rescue attempts entering their third day, most Christchurch businesses are closed and are still assessing their predicament, such as Lyttelton Port of Christchurch, Pyne Gould Corp and Kathmandu.