NZ Thoroughbred Holdings, the horse breeding business owned by Australian retailing billionaire Gerry Harvey, narrowed its full-year loss after recognising a gain on the value of its animals. The net loss was $3.97 million in the 12 months ended June 30, 2013, from a loss of $5.28 million a year earlier, according to the company’s annual report. Revenue fell to …

Australian airline Qantas Airways lost ground on trans-Tasman routes last year, though its New Zealand unit still managed to send some $156.2 million back to its parent. The airline’s subsidiary Jetconnect, which manages the group’s trans-Tasman passenger schedule, reported a 17 percent drop in profit to $8.8 million in the 12 months ended June 30, on an 11 percent drop …

The New Zealand dollar will probably continue its upward momentum this week on the back of a positive economic outlook. The local currency may trade between 81.20 US cents and 84.50 cents this week, according to a BusinessDesk survey of 10 traders and strategists. Eight expect the currency to rise while one says it will be unchanged and one expects …