3News

Tower appoints Sealord boss to board

Fri, 25 May 2012 12:52:00 +1200

Insurance company Tower has appointed Sealord boss Graham Sturt and accountant Stephen Smith to its board.

Tower lifts first half profit 83 percent

Fri, 25 May 2012 10:17:00 +1200

Tower boosted first-half profit 83 percent after the costs associated with the Canterbury earthquakes and policy contract liabilities fell.

F&P Appliances' profit falls 45 percent

Thu, 24 May 2012 10:47:00 +1200

Fisher & Paykel Appliances beat its full-year guidance while posting a decline in earnings, but warns the outlook for 2013 is for soft retail markets.

Comvita lifts dividend after record profit

Wed, 23 May 2012 13:14:00 +1200

Honey products company Comvita's annual net profit has surged to a record as its growth strategy finally started to pay off.

Fonterra cuts forecast milk price by 30c

Tue, 22 May 2012 11:36:00 +1200

Fonterra has cut its forecast 2012 milk price and flagged lower payments in 2013 in response to a slide in global prices for dairy commodities.

Where are Facebook's friends?

Tue, 22 May 2012 05:47:00 +1200

Facebook's stock is tumbling well below its $38 IPO price in the social network's second day of trading as a public company on Monday.

GPG has sold a third of its assets

Fri, 18 May 2012 10:46:00 +1200

Guinness Peat Group, the diversified investment company winding up its portfolio to return funds to shareholders, has sold about a third of its assets since embarking on a divestment programme last year.

Methven profit meets forecast

Fri, 18 May 2012 10:36:00 +1200

Methven, the tapware and bathroom fittings manufacturer that dropped out of the NZX 50 this year, met full-year profit guidance even as its Australian and New Zealand sales weakened.

Ryman posts record annual profit

Thu, 17 May 2012 09:58:00 +1200

Ryman Healthcare, New Zealand's largest retirement village operator, has posted a 17 per cent increase in profit to a record after it sped up its building programme to meet demand for units.

Facebook investors to cash out more shares

Thu, 17 May 2012 05:44:00 +1200

Insiders and early Facebook investors are taking advantage of increasing investor demand and selling more of their stock in the company's initial public offering.

Kiwi Income rebounds to $89.2m profit

Wed, 16 May 2012 13:00:00 +1200

Kiwi Income Property Trust's manager says the property investor has turned to an $89.2 million annual net profit from a $26.4 million loss.

Facebook raises IPO price as offering nears

Wed, 16 May 2012 09:46:00 +1200

Already expected to be the largest-ever initial public offering for an Internet company, Facebook is making its IPO even bigger.