The New Zealand dollar gained as the greenback continued to be weighed down in Asian trading by complaints US President Donald Trump made about US interest rate rises.
Mercury NZ needs to participate in wind development if it is to materially benefit from the shift to renewables, but says it’s too early to say how its investment in Australia’s Tilt Renewables will play out.
Port Taranaki lifted net profit 14 percent in the latest financial year on increased revenue, and paid a bigger dividend to its sole shareholder, the Taranaki Regional Council.
Comvita, the worst performer on New Zealand's benchmark index this year following two poor honey harvests, turned to a full-year operating profit from a loss a year earlier and said it has a positive outlook for the current financial year as it invests in mānuka honey supply.
The New Zealand dollar drifted higher in quiet trading as investors latched on to reports US President Donald Trump complained of the Federal Reserve's interest rate hikes.
Bathurst Resources has been ordered to pay a US$40 million performance payment on coal production from its Buller operations.
Woolworths Group's Countdown chain of supermarkets in New Zealand says grocery prices fell at an even faster pace in the fourth quarter, although growing demand for online sales helped boost annual revenue.
Z Energy will raise as much as $125 million through a new six-year bond offer paying at least 4 percent a year, which it will use to refinance $150 million of debt that matured last week.
Finance Minister Grant Robertson says next year's review of the KiwiSaver default providers will look at ways to attract the remaining million Kiwis not in the state-sponsored scheme, but he's reluctant to make it compulsory.
The New Zealand dollar may extend gains as the prospect of US and China returning to the negotiating table soothed investors who were unsure whether a full-blown trade war would erupt.