A Wellington company is frustrated it didn't get the chance to bid for the contract to build two new electric ferries in Auckland, which the Government has granted $27 million for.The Wellington Electric Boat Building Company (WEBBC)... Source: NZ Herald Business News
The Winklevoss twins are banking on a crypto comeback following the collapse of TerraUSD due to the rise of interest rates and recession fears.The Sydney Morning Herald reports brothers Cameron and Tyler have their fortunes invested... Source: NZ Herald Business News
By RNZ Eroad shares tumbled 11 per cent after the transport software company reported a full year loss due a number of one-off costs following its acquisition Coretex.Eroad, which supplies devices and software for trucking companies... Source: NZ Herald Business News
A National MP today quizzed the Reserve Bank about pressures on the multi-billion dollar construction sector tipping the economy into recession and cited a Tauranga builder's failure as an example.Andrew Bayly, National's building... Source: NZ Herald Business News
A number of large claim events has dragged down the profits of insurer Tower.The company made a profit after tax of $2.98 million for the six months to March 31, down from $11.1m in the same prior period.Excluding large events,... Source: NZ Herald Business News
Global logistics company Mainfreight has turned in its best financial year yet, posting an 88.9 per cent lift in net profit and hitting $5 billion-plus revenue.Net profit was a record $355.4 million, up $167.3m on FY21. Revenue... Source: NZ Herald Business News
Fonterra is sticking with its 25 to 35 cents per share earnings forecast for the current year despite experiencing "multiple events" worldwide and a decline in earnings over the first nine months.The dairy co-op said its normalised... Source: NZ Herald Business News
Zespri's global revenue has topped $4 billion for the first time despite a challenging season, the company says. The kiwifruit marketer credited a record crop, investment in brand-led demand creation and its industry's ability to... Source: NZ Herald Business News
AB25052022NADSTAN.JPG Northland Regional Council says an illegal rubbish fire on June 3, 2020, polluted the air and that former Whangārei mayor Stan Semenoff is to blame. Photo / NZME Whangārei's former mayor Stan... Source: NZ Herald Business News
Power generator and retailer Genesis Energy said its chief executive Marc England had informed the board that he intended to leave the company after six years in the top job."The board is informed that Marc is in advanced stages... Source: NZ Herald Business News