Latest from Companies

Govt in surplus as tax fills coffers

The Government has reported an unexpected operating surplus in the 10 months through April as the Crown's tax coffers were bolstered by a bigger inflows.

Primary industries revenue forecast to drop 8pc

MPI forecasts revenue from primary industries will drop to $35.2 billion in the year to June.

Origin says it's committed to Contact

Despite speculation about its future in NZ, Origin Energy says it's committed to its investment in Contact Energy.

Fieldays puts spotlight on innovation

New Zealand's largest agriculture expo kicks off tomorrow with the spotlight on innovation in the agritech sector.

Synlait picks prices to rise next year

Rakaia-based Synlait Milk has issued a low farmgate milk price for the current season but managing director John Penno says he expects prices to start improving by early next year.

Primary sector leads trade contraction

New Zealand's wholesale trade shrank in the first three months of the year with a decline in goods derived from the primary sector leading the contraction.

Lack of buyer labelled a bad sign

Pumpkin Patch's failure to find a buyer or white knight investor is a bad sign for the struggling children's clothing business, says an analyst.

Index rises to highest level since March

New Zealand shares rose yesterday as investors shrugged off the prospect of higher global interest rates, and bought property stocks.

Pumpkin Patch shares plunge 20pc

Pumpkin Patch shares are tumbling today as investors digest the firm's decision to abandon plans to find a buyer.

Vector looks at gas line sell off

Vector says a potential buyer has expressed interest in its gas transmission business.

Wall St stable as Fed's Brainard eyes 'softness'

Craigs censured, fined $30K by NZX

Craigs Investment Partners has been fined $30K and censured by NZX's disciplinary tribunal for sloppy record-keeping.

Liam Dann: Sharemarket breather may not be a bad thing

After a dramatic bull run the New Zealand stock market has started tracking sideways. And that's probably a good thing despite what your next KiwiSaver statement may say, writes Liam Dann.

Wall St up as US consumer hits pause button

NZ wines are a hit in the US

Kiwi wines are hitting the spot in the United States, with new figures showing a big jump in sales.

Cardboard headgear a hit

Google says one of its least expensive innovations - virtual reality headgear made of cardboard - has become a huge hit.

Warning over Sydney housing bubble

House prices in Sydney rose 15 per cent in May from a year earlier, prompting a warning of a price bubble in Australia's biggest city.

Editorial: Saudi sheep farm deal far too woolly

If NZ taxpayers have provided a businessman with a sheep farm in compensation for his loss, it raises many more questions than Minister Murray McCully has been inclined to answer.