![Powerco's profit falls 20pc as it pays more tax](/pf/resources/images/placeholders/placeholder_l.png?d=797)
Powerco's profit falls 20pc as it pays more tax
Powerco, the energy lines company, reported a 20 per cent drop in annual profit as it paid more tax.
Powerco, the energy lines company, reported a 20 per cent drop in annual profit as it paid more tax.
Contact Energy shares jumped more than 14 per cent after announcing it will increase returns to shareholders.
The company expects to open 150 Esquire Coffee stores in China in the next five years.
Share trading platform Unlisted is applying for an exemption from the Financial Markets Authority.
No other advanced economy in the world would allow almost all of its banking system to be owned overseas, writes Paul Glass. "Let's require the big four banks to list 25 per cent of just their NZ operations on the NZ Stock Exchange."
Z Energy posted a 10 per cent increase in full-year operating earnings, as fuel and refining margins improved and the service station chain sold more fuel.
London-listed and Kiwi-funded Arria suffered a massive share price plunge after crucial fundraising talks stalled following the loss of its largest customer
Spark has fallen from being the NZX's largest listed company by market capitalisation, valued at $6.51 billion in February, to the third largest at $5.17 billion.
What would happen if Chinese retail investors got a sudden taste for New Zealand stocks? Until recently that question might have seemed a little preposterous.
The owner of the Mad Butcher brand says the liquidation of four of its franchisee-operated budget meat outlets this year is "coincidence".
New Zealand shares fell, led by Fonterra Shareholders' Fund, after the world's biggest dairy exporter lowered its guidance for dividends
Expectations that a higher dividend from Fonterra would at least partly offset a low milk price went by the wayside yesterday when the co-operative lowered its dividend forecast range.
Technology firm Straker Translations is preparing for a listing on stock exchange operator NZX's soon-to-launch NXT market.
Listed companies release their financial results to investors biannually, in a period informally known as the reporting season.
Higher dairy prices pushed ANZ's commodity price index up 1.8 per cent last month.
Fliway, a transport and logistics company owned by Duncan and Gretchen Hawkesby, has confirmed it will be the first new listing on the NZX this year.
Tourism Holdings, the largest campervan rental business in Australia and New Zealand, more than doubled first-half profit, beating expectations, after cutting costs and fattening margins.
A$147 million capital injection from North American investors will buy Xero some breathing room as it forges on with international growth ahead of a potential sharemarket float in the United States, says an analyst.
A partner with a top law firm says up to 20 sharemarket floats could take place this year.
There is growing speculation that the Financial Markets Authority is investigating a high-profile local fund manager over alleged market manipulation.