Z Energy second-half trading boosts result
Z Energy second-half trading boosts result
Fuel retailer Z Energy has posted improved second-half trading to boost its full-year result.
Simon Hartley
Growth in full-year profit defended
Growth in full-year profit defended
Z energy has taken the unusual step of publicly defending its profit for the past full year to the public, given the plunge in global oil prices during that period.
Revenues, EPS tipped to grow 10%
Revenues, EPS tipped to grow 10%
Revenue and median earnings per share growth are both being picked at above 10% in the present reporting season, with 20 more companies scheduled to report.
Pike River plant to be marketed internationally
Pike River plant to be marketed internationally
The remaining plant and infrastructure assets of the ill-fated Pike River Mine on the West Coast are being sold by international auction and might be exported..
Western Pacific liquidation may be complete by end of next year
Western Pacific liquidation may be complete by end of next year
The liquidation of Queenstown-based boutique insurer Western Pacific Insurance could be concluded by the end of next year, more than five years since its collapse.
27% jump in profit tipped for Z Energy
27% jump in profit tipped for Z Energy
Tailwinds during its second-half trading year are expected to propel Z Energy towards a 27% increase in after-tax profit.
Lawyers providing free advice
Lawyers providing free advice
Pro Bono Dunedin lawyers are still looking into claims of the victims of jailed former Dunedin lawyer John Milne whose Ponzi scheme fleeced them of $2.8 million of their savings.
Auckland housing bubble skews real estate data
Auckland housing bubble skews real estate data
Auckland's housing bubble continues to skew all facets of national real estate data, surging to new heights in both house values and selling expectations, while the rest of New Zealand languishes.
Gold-rated performer evolves from tricky start at Frasers
Gold-rated performer evolves from tricky start at Frasers
Consolidation of mining companies in the face of volatile global gold prices is nothing new, but Oceana Gold is one of the best-positioned companies to effect a buyout or takeover.
Tiwai is back in the black
Tiwai is back in the black
New Zealand Aluminium Smelter's (NZAS) Tiwai Point plant near Bluff has posted a turnaround profit for the first time in two years - but it faces increasing pressures.
Oceana Gold buys Waihi for $132.3m
Oceana Gold buys Waihi for $132.3m
East Otago-based Oceana Gold has bought Newmont Mining Corp's North Island Waihi operations for $US101 million ($NZ132.3 million), offering surety Oceana's New Zealand operations will continue for several years.
Australia top for exports
Australia top for exports
Australia has regained its spot as New Zealand's top export destination by value, but with the transtasman dollars so near parity that will be of little comfort to exporters.
Oil explorers evaluating seismic data
Oil explorers evaluating seismic data
Evaluation of seismic data from three southern oil and gas prospects to the north and south of Dunedin is now fully under way.
Xero shares losing their gloss
Xero shares losing their gloss
The lustre of sharemarket darling Xero is waning, with its stock down more than 30% on a year ago and its share price down almost 10% since Friday's delivery of its full-year result.
Livestock trader after $1.8 million
Livestock trader after $1.8 million
Livestock trader Allied Farming is looking to raise up to $1.8 million in a mix of private placements and a shareholder purchase plan, to pay some debt and boost its working capital.
Preparing to host super cruise ships
Preparing to host super cruise ships
Port Otago could be hosting the new 348m-long super cruise ship Ovation of the Seas and as many as 5000 passengers within two years, with preparations under way to widen bends in the lower harbour channel.
Shark not attacking: cage dive operator
Shark not attacking: cage dive operator
Footage of a 6m great white shark lunging at a film crew's small tender boat off Stewart Island does not show an attack, the boat's owner, cage diving operator Peter Scott, says.
Surprise departure at Xero
Surprise departure at Xero
Eight-year-old cloud accounting company Xero - which is yet to post a profit - has again reported big gains in revenue and customers numbers, but almost doubled its after-tax loss for the year.
Two sales well above rateable value
Two sales well above rateable value
Two commercial buildings in Dunedin have sold in recent auctions, for more than 50% above their respective rateable value.
Dunedin developments in running for national awards
Dunedin developments in running for national awards
Three Dunedin developments are finalists in the Property Council New Zealand's annual awards, including a 136-year-old historic building gutted by fire seven years ago.