Telecom's profit announcement yesterday was a good reality check for the company with pressures from the legacy business continuing to drag on it, Craigs Investment Partners broker Chris Timms said.
Telecom is changing its name to Spark and later this year will launch ShowmeTV, a new internet television business, the company announced yesterday.
Port of Tauranga increased its interim dividend by 5% to 21 cents per share after reporting an operating profit of $66.7 million for the six months ended December, up 11% on the previous corresponding period.
Skellerup Holdings had made a positive start to the financial year as it drove earnings growth across both operating divisions, chief executive David Mair said yesterday.
Auckland International Airport has lifted its full-year profit forecast while delivering an improved result for the six months ended December.
Meridian Energy delivered some more bad news for the prospective Labour-Green government when it yesterday delivered its first report since listing last year on the NZX.
Trade Me produced a weak result for the six months ended December, with increased costs the main reason for the disappointing figures, Craigs Investment Partners broker Chris Timms said yesterday.
Telecom is expected to report an increased underlying profit for the six months ended December, driven by significant cost reduction work, Forsyth Barr broker Suzanne Kinnaird said.
Investors reacted well to news yesterday Fisher & Paykel Healthcare had raised its earnings guidance and would expand its manufacturing facility in Tijuana, Mexico.
Contact Energy, which has hydro assets on the Clutha River, produced a result which was a ''little disappointing'', in the six months ended December, Forsyth Barr broker Andrew Rooney said yesterday.
It has proved a sensational summer for the Otago-Southland service industry which led the country for activity in January, following on from the success last week of its manufacturing sector.
Retail sales increased by 1.2% in the three months ended December, considerably weaker than the 2.5% growth expected by economists.
Labour MP Clare Curran is calling for the Commerce Commission to reject a suggestion by Chorus it offer its own pricing analysis to speed up the decision on copper wire prices.
House price expectations remain elevated in the latest ASB Housing Confidence Survey with a net 47% of respondents expecting house prices will increase.
South Island hydro-electric generation stations are powering the country, brokers say. With the first of the listed electricity generators set to report on Tuesday, Business editor Dene Mackenzie previews their prospects.
Tax issues continue to haunt the balance sheet of listed jeweller Michael Hill International and the group has paid substantially more tax in the six months ended December than it did in the previous corresponding period (pcp).
Loud complaints from real estate agents over Trade Me Property's fee increases have been followed up with action. Several agent offices have withdrawn their listings in the last few weeks.
Otago-Southland manufacturers have easily retained their top ranking in the latest BNZ-BusinessNZ performance in manufacturing index and there are indications of more good news to come.
The ASB financial result for the six months ended December reflected a strong performance across the bank with all divisions making a contribution, chief executive Barbara Chapman said.
New Federal Reserve chairwoman Janet Yellen provided a ''sugar rush'' to financial markets yesterday by making it clear there would be no abrupt changes to United States monetary policy, Craigs Investment Partners broker Greg Easton said.
