The New Zealand dollar was the talk of the town in foreign exchange circles this week with rumours the Reserve Bank is intervening to weaken the kiwi sparking renewed selling interest.
Kiwibank substantially boosted its parent New Zealand Post's profit for the year ended June, with figures supplied to the market showing NZ Post would have barely broken even without the bank's contribution.
The difference between a nimble Air New Zealand and a behemoth Qantas Airways was revealed yesterday when the Australian airline revealed a statutory after-tax loss of $A2.8 billion for the year ended June.
The balance sheet of a2 Milk Company took a beating in the year ended June, with the company blaming the high New Zealand dollar and costs associated with its joint venture in the United Kingdom.
Dunedin International Airport chairman Stuart McLauchlan is one of Dunedin's most travelled businessmen and he has a tip for reducing the costs of travel from the city - book early.
Hellaby Holdings produced a ''satisfying solid'' operating profit of $56.1 million for the year ended June, Craigs Investment Partners broker Chris Timms said.
Fifteen registered parties and 554 candidates will contest this year's election, up from 13 parties and 544 candidates in 2011.
Andrew Rooney
Genisis Energy, the last of the government-controlled electricity companies to report its June results, faced a challenge to meet its forecasts, Forsyth Barr broker Andrew Rooney said yesterday.
The company declared an increased final dividend of 6.6c per share, taking the total dividend for the year to 13cps.
The Government, Labour and the Greens are rushing out housing policy this week as the debate over affordable housing and who can provide the best option for first-home buyers continues unabated.
The Government had plenty to smile about yesterday, when Air New Zealand reported a much improved operating profit of $1.01 billion for the year ended June.
New Zealand's golden trade run has come to a sudden halt, with the July trade data released yesterday showing the first deficit since last October.
Tourism group Tourism Holdings Ltd, which has its roots in Otago, announced a much improved profit and outlook but chairman Rob Campbell says there is more to be done.
New Zealand Oil & Gas reported a flat operating profit for the year ended June but its profit before exploration expenses was up 12.4% to $76 million from $68 million in the previous period.
Chamber of Commerce chief executive John Christie is transferring his skills to the Dunedin City Council as its new Enterprise Dunedin director.
Auckland International Airport added a touch of realism to its profit forecasts after yesterday reporting a profit for the year ended June in line with most forecasts.
Conservative leader Colin Craig has spent about $3 million of his own money on the election so far but he is confident he will not run out of money before election day on September 20.
Prime Minister John Key must be hoping when he campaigns in Auckland today the horrors of the past 12 days have been put behind him and the National Party.
TRS Investments chairman Keith Jackson says the company has no further information relating to restraining orders on Mega shares other than what was released to the market.
Lines company Chorus reported reduced profits for the year ended June, with chief executive Mark Ratcliffe saying the result was overshadowed by the ongoing uncertainty about sector regulation.
A large reduction in cash put aside for impaired assets allowed Heartland New Zealand to report a substantially improved profit for the year ended June.
