Ports of Tauranga profits up 22pc to record - shares hit new high

Port of Tauranga, New Zealand\'s biggest export port, posted a record first-half profit that beat estimates as container volumes rose and it won business from strike-bound rival Ports of Auckland. The shares rose to an all-time high...

Vector earnings up 6.9pc, court battles dominate agenda

Vector, the Auckland-based electricity, gas and telecommunications distribution network owner, posted an after-tax profit of $105.3 million for the six months to December 31, up 6.9 per cent on the same period a year earlier.The...

Kiwibank profits recover to $37.9m

KiwiBank\'s first half profit at $37.9 million has rebounded strongly from $13.9 million in the same period a year ago.Chief executive Paul Brock said the state-owned bank, which is approaching its 10th anniversary, was continuing...

Local biz mentor Domecq defends past experiences

A high-profile entrepreneur who founded a controversial British technology firm is mentoring and investing in local start-ups and sitting on the advisory board of state-owned New Zealand Post\'s online directory service, Localist.Christina...

Document had to be read in full: Petricevic

Rod Petricevic said yesterday Bridgecorp investors needed to read an allegedly misleading prospectus "in total" to get a sense of it - but the former managing director did not go through the document "top to bottom" himself before...

Kitchen House stores closed

Receivers have been appointed to troubled retailer Kitchen House, its owner says.The firm\'s six retail outlets around the North Island, three of which are in Auckland, had ceased trading yesterday and their staff had been sent home.After...

$75m dairy IPO launched, Unlisted listing flagged

Pastoral Dairy Investments, a company associated with farm management firm MyFarm, plans to raise at least $75 million by selling shares to the public and tapping high-wealth individuals to invest in dairy farms.PDI will offer 25...

Latest port strike has importers paying extra for rail

Importers are resorting to desperate means to get goods to shelves against a crippling two-week port strike starting tomorrow.One leading clothing retailer was yesterday said to be preparing to pay an extra $10,000 to bring 12 containers...