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Bob Ingham, former owner of Australia’s biggest poultry producer Inghams Enterprises, achieved a record profit from his New Zealand operations in 2013, the final year before private equity firm TPG acquired the Australasian business. Inghams Enterprises (NZ) lifted net profit by 19 percent to $27.2 million in the 12 months ended June 30, according to the annual report filed with …

Michael Hill International, the jewellery chain that bears the name of its founder, posted first-half earnings that met its guidance of last month after lifting sales while investing in a trial of bridal products at its North American outlets. Earnings before interest and tax was A$29.7 million in the six months ended Dec. 31, from A$28.6 million a year earlier, …

eartland New Zealand, whose shares reached a post-listing high this week, was halted from trading pending an announcement to the stock exchange. The stock jumped to 92 cents on Wednesday, closing at 89 cents yesterday. In the past 12 months the shares have gained 23 percent, compared to the NZX 50 Index rise of 15 percent in the same period. …

The New Zealand dollar rose as weaker US retail sales and concerns about disruption to the economy from winter storms weighed on the greenback. The kiwi rose to 83.52 US cents at 8am in Wellington from 83.11 cents at 5pm yesterday. The trade-weighted index advanced to 78.50 from 78.28 yesterday. The US dollar weakened after a report showed retail sales …

Wall Street moved higher, as a surprise deal for Comcast to buy Time Warner Cable offset a drop in Cisco shares and weaker-than-expected US retail sales and weekly jobless claims. Shares of Time Warner Cable soared, last up 9.3 percent, after Comcast agreed to buy the cable company. Shares of Comcast were last 4 percent weaker. “This leaves Comcast as …

New Zealand forest growers, long overshadowed by booming returns from the dairy industry, look set to cash in on record prices for logs as they prepare to harvest trees planted in a flurry of activity two decades ago. Forestry plantation activity in New Zealand jumped between 1992 and 1998, as a surge in Asian log prices lured investment syndicates to …

New Zealand stocks rose as SkyCity Entertainment Group met guidance with first-half earnings hurt by a strong kiwi dollar. Hallenstein Glasson Holdings and Fletcher Building led the advance. The NZX 50 Index gained 21.089 points, or 0.4 percent to 4869.972. Within the index, 23 stocks rose, 20 fell and seven were unchanged. Turnover was $110.9 million. SkyCity rose 1.4 percent …

Shareholders of Auckland International Airport, the nation’s busiest gateway, have overwhelmingly voted in favour of plans by the nation’s busiest gateway to return $454 million in capital via a share cancellation, with 60 percent of the payment treated as a taxable dividend. Results from the special meeting in Auckland today show 99.3 percent of eligible votes cast were in favour …

The New Zealand dollar rose along with its Australian counterpart after trade figures from China beat estimates, stoking optimism that demand in the two nations’ biggest market isn’t wavering. The kiwi rose to 83.50 US cents from 83.28 US cents at the start of the day and from 83.00 cents yesterday. The trade-weighted index rose to 78.51 from 78.41 at …

Scott Technology, the industrial automation firm, says a global mining slowdown and a high New Zealand dollar are squeezing its margins in the short term. The strong kiwi dollar has been an ongoing battle for the company that gets 37 percent of sales in North America and just 13 percent in its home market. Dunedin-based Scott cited the currency’s strength …