Mainfreight managing director Don Braid says he’s impatient to bed down the European business after tough trading conditions in the region wiped out the transport group’s full-year earnings growth. Europe was the only region to record a drop in earnings before interest, tax, depreciation and amortisation in the year ended March 31, the Auckland-based company said today. Total group EBITDA …

MightyRiverPower directors have taken advantage of the slide in the state-controlled power company’s price since its listing, buying up shares before trading restrictions for the board kick in at the end of the month. Shares in MRP were unchanged at $2.44 today, still below their $2.50 listing price, having shed almost 11 percent from the high it reached on its …

Mainfreight confirmed earnings growth stalled in its latest year, even as it achieved record sales, as the transport group struggles to bed down its European business in the face of a weak regional economy. Earnings before interest, tax, depreciation and amortisation fell 0.5 percent to $137.5 million in the 12 months ended March 31, in line with the company’s March …