PGG posts $3.1m profit
PGG posts $3.1m profit
PGG-Wrightson - controlled by Singapore-based Agria - has delivered a turnaround result from last year's first-half loss of almost $6 million for an after-tax profit of $3.1 million.
Simon Hartley
Fletcher's profit hits doldrums
Fletcher's profit hits doldrums
Fletcher Building has again hit the earnings downgrade button, reflecting the woeful state of the construction sector which is showing few signs of any reignition.
Trade Me beats forecasts, seeks new markets
Trade Me beats forecasts, seeks new markets
Recently listed Trade Me beat several guidance expectations, including that of revenue in its initial public offering prospectus, to deliver an after tax profit of $36.4 million.
Solid half-year result may be undermined
Solid half-year result may be undermined
Record coal production and an after-tax profit increase of more than 50% by state-owned enterprise Solid Energy were overshadowed by expectations of a second-half trading downturn because of weakening international coal prices.
Joint venture will result in job losses
Joint venture will result in job losses
Listed tourism Holdings has entered a 50:50 joint venture with Kea Manufacturing to make campervans and motorhomes, prompting the closure of its Hamilton motor-body assembly business with the loss of up to 63 jobs.
Scott advice over unsolicited share offer
Scott advice over unsolicited share offer
Dunedin-based Scott Technology has cautioned its shareholders about selling their shares to Zero Commission NZ Ltd, which has made an unsolicited offer of $1.50 for shares which for the past fortnight have been trading around $1.65 on the stock exchange.
Forestry harvest-time subsidy controversial
Forestry harvest-time subsidy controversial
The New Zealand Farm Forestry Association - whose members hold the key to a proposal for a compulsory, industry-wide levy - will meet this week and discuss the issue.
Surge of activity in service sector
Surge of activity in service sector
Activity in the southern service sector has surged, with Otago and Southland firmly expanding during January,boosted by domestic tourism and rebuilding work in Christchurch.
Confidence in housing prices falls
Confidence in housing prices falls
Confidence in house buying continues to slide - for the third consecutive quarter - and there remains a continued decline in new house listings.
NZX appointed to operate Fonterra Shareholders Market
NZX appointed to operate Fonterra Shareholders Market
Fonterra is appointing NZX to operate the Fonterra Shareholders Market as part of Trading Among Farmers.
Big versus small battle on forest levy
Big versus small battle on forest levy
Big business forestry owners and farmers with small forestry interests are on a collision course over a proposal for an industry-wide compulsory levy order.
Referendum sought on forest levy
Referendum sought on forest levy
A referendum of forest owners is being sought by the Forest Owners Association which is proposing an industry-wide compulsory levy order under the Commodity Levies Act, to replace largely voluntary annual donations.
Millions of dollars go into mine plans
Millions of dollars go into mine plans
Coast coal miner Bathurst Resources expects to spend potentially up to $A6 million ($NZ7.8 million) this financial year in coal exploration, assaying and mine design concepts.
Employment weakness to continue, economist says
Employment weakness to continue, economist says
Weakness in employment growth continued through the last quarter of 2011 and the outlook for New Zealand's labour market recovery remaining "gradual", ASB economist Jane Turner said.
Retail profit margins under pressure
Retail profit margins under pressure
The changing dynamics of retailing and recession-led volatility have been reflected in a cautionary Warehouse profit downgrade and an expectant sales and profit boost for Hallenstein Glasson.
Harvard fund turns around Big Sky
Harvard fund turns around Big Sky
The multibillion-dollar Harvard University endowment fund has achieved what the former owners of the Maniototo's Big Sky dairy farm only envisioned - profitably milking more than 6000 cows in a "super herd".
Moderate rises for directors
Moderate rises for directors
Directors and company chairmen in New Zealand who received a pay rise during 2011 got between 11% to 12% in median fee increases.
No improvement expected in jobs data
No improvement expected in jobs data
High unemployment levels are unlikely to have changed and wage growth is likely to remain subdued, bank economists have predicted for the quarterly household labour force survey due out tomorrow.
Construction growth picked this year
Construction growth picked this year
The lacklustre construction sector is expected to revive and could become the "big swing factor" to boost the country's gross domestic product, BNZ's senior economist Craig Ebert predicts.
Stocks hold up despite debt crises
Stocks hold up despite debt crises
Global stock markets are showing resilience in the face of the European and United States debt problems and the risks associated with a slowing in China's economy, Craigs Investment Partners director of private wealth research, Cameron Watson says.