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  Inghams Enterprises has yet to find a buyer for Australasia’s biggest chicken producer, which owner Bob Ingham put up for sale last July with a price tag reportedly of A$1.4 billion. “We’ve not agreed to sell the business or got an agreed buyer,” Paddy Watts, Inghams financial controller, told BusinessDesk. “We were hoping to have it done by now …

The holding company for the New Zealand Steel mill at Glenbrook, near Auckland, has posted a 26.7 percent drop in tax-paid earnings in the year to June 30, according to Companies Office records filed before shortly before Christmas. Profit fell to $95.3 million from $126.4 million a year earlier, the bare bones accounts for Tasman Steel Holdings show. The company …

The New Zealand dollar extended its decline from a four-year high against the yen as traders pondered the pace of monetary easing by the Bank of Japan that has weakened its currency against most trading peers. The New Zealand dollar dropped to 72.8 yen from 73.10 yen at 5pm in Wellington yesterday. The kiwi slipped to 83.49 US cents from …

Equities on both sides of the Atlantic weakened at the start of the fourth-quarter earnings season in the US that is expected to show tepid growth in corporate profits. Quarterly earnings are expected to increase by 2.7 percent, according to Thomson Reuters data. “People are concerned about earnings,” Ken Polcari, director of the NYSE floor division at O’Neil Securities in …

New Zealand shares rose in subdued January trading, led by Metlifecare, Telecom and PGG Wrightson as investors were drawn to the yields available on equities in the face of low interest rates. The NZX 50 Index rose 5.52 points, or 0.1 percent, to 4090.36. Within the index, 13 stocks rose, 25 fell and 12 were unchanged. Turnover was $82.8 million. …

The New Zealand dollar may gain against the euro as investors returning from the Christmas and New Year holidays prepare for the European Central Bank to review monetary policy this week amid fears the region’s economy will continue to shrink this year. The kiwi increased to 63.66 euro cents at 5pm in Wellington from 63.54 cents yesterday. It was little …

  New Zealand’s only oil refinery, at Marsden Point, is too vulnerable to the risks of a major fire or destruction from a tsunami, says Air New Zealand in a submission on a government review of the country’s transport fuel security arrangements. custom essays The national carrier also suggests the country should abandon its $10 million a year membership of …

  The University of Canterbury has partnered with ASX-listed Navitas as part of its strategy to double the percentage of foreign students enrolled to study. buy a essay No financial details of the five-year agreement were provided. Perth-based Navitas and the university will establish a new entity called UC International College, to recruit and prepare international students for study at …

Goodman Property Trust, the second-biggest property investor on the NZX, has scaled its unit purchase plan after oversubscriptions top out. The Auckland-based property investor has scaled applications to 77.95 percent after receiving$38.5 million of bids in the offer to unitholders, some $8.5 million above its limit, the company said in a statement. The UPP was seeking to raise $20 million …

Woolworths New Zealand, which accounts for about 40 percent of the country’s supermarket sales, boosted its annual profit 29 percent as it squeezed more out of increasing revenue. Net profit rose to $128.9 million in the 12 months ended June 24, from $99.8 million a year earlier, according to financial statements lodged with the Companies Office. Revenue grew 3.5 percent …