Spark New Zealand expects annual earnings to fall by as much as 2.5 percent this year as it brings forward restructuring costs and accelerates its 'Quantum Programme' to transform the country's biggest telecommunications company into the operator with the lowest costs.
The Guardians of New Zealand Superannuation are on track to appoint a new chief executive next month, as the board lobbies to keep control of setting the top manager's pay packet.
Argosy Property lifted annual earnings 2.1 percent on flat rental income and said it will cut its retail exposure over the next 18 months, with real estate selling at "attractive prices" and the market near a cyclical peak.
AFT Pharmaceuticals narrowed its 2018 loss and expects to break even in the 2019 financial year as it dials back spending on research and development and lifts sales.
New Zealand small businesses are less optimistic about the future as successive years of robust economic growth appear to have peaked, although the big end of town still has grand aspirations, according to a Westpac Banking Corp survey.
The New Zealand dollar fell as doubts about whether US President Donald Trump will meet his North Korean counterpart Kim Jong-Un eroded earlier optimism over a thawing trade relationship between China and the US.
The New Zealand dollar rose back above 69 US cents as a truce in the trade war between US and China spurred on demand for commodity-linked currencies.
The government's next step in the response to the outbreak of Mycoplasma bovis is expected to come in the next week, although Prime Minister Jacinda Ardern is still hopeful the cattle disease can be eradicated.
Motor Trade Finance reported flat first-half profit as the commissions and fees paid to its shareholder originators soaked up increased earnings from a rapidly expanding loan book.
Kiwi Property Group lifted annual earnings 8.2 percent as the real estate investor's rental income was boosted by the completion of several developments and new acquisitions, although smaller revaluation gains led to a fall in bottom line profit.