UEM Edgenta declares higher dividend on four-fold increase in net profit

1h thestar.com.my
UEM Edgenta said yesterday it had registered a four-fold increase in net profit to RM418.19mil in FY17 compared to the previous financial year. (7-0)
1368 1818 BSMAF OIC

Downer makes $11.1m loss on impairments

1h perthnow.com.au
Downer EDI has posted an $11.1 million first-half loss dragged down by a goodwill impairment on its mining operations, writedowns from its freight rail divestment and redundancy costs from its recently acquired Spotless. (5-0)
DNERY DOW DOW

Fletcher Building announces half-year net loss of $273m

2h radionz.co.nz
Fletcher Building has slumped to a large first half-year loss as the problems with major projects overwhelmed the earnings of the rest of the group. (6-0)
FBU FBU FCREY FRCEF

Walmart pulls down Wall Street, Dow drops 300 points

4h abc.net.au
Two signs are pointing to a lower open for the ASX today — Wall Street's lacklustre overnight performance and BHP's plunge in overseas markets. (6-0)
CCL CCLAF CCLAY DNERY DOW DOW

Fletcher posts $322m loss in latest half-year results

5h nzherald.co.nz
Fletcher Building made an operating earnings loss of $322m in the latest half-year to December 31, 2017, a big turn-around on its previous $310m profit. (6-0)
FBU FBU FCREY FRCEF

Qantas-Emirates Reauthorization Gets Initial Approval

5h aviationweek
Australian regulators have given draft approval to the renewal of the partnership between Qantas and Emirates, with some conditions revised. (6-0)
AIR AIZ ANZFF ANZFY ANZLY

F&P Healthcare's long-standing CFO Tony Barclay to retire

2h nzherald.co.nz
Fisher & Paykel Healthcare's long-serving chief financial officer Tony Barclay will retire from the medical device maker at the end of May. (2-0)
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Air New Zealand’s Widebody RFP Expected This Year

8h aviationweek
AUCKLAND—Air New Zealand is preparing a formal request for proposals (RFP) for Boeing and Airbus for aircraft that could meet carrier’s ambition to fly nonstop from Auckland to the U.S. East Coast. The airline is on track to issue an RFP this year, an executive told Aviation Daily. While Air New Zealand has already assessed preliminary information from the manufacturers, the RFP would provide much more detail on the airline’s requirements. (6-0)
AIR AIZ ANZFF ANZFY ANZLY

Pramuk Perera: What is NZ's Sri Lanka plan?

9h nzherald.co.nz
New Zealand is planning to establish formal diplomatic relations with Colombo this year. NZTE is planning another trade mission to Sri Lanka. Having had several visits to this tropical island during his term, former PM John Key appeared to be a big supporter of Sri Lanka. PM Jacinda Ardern may enjoy watching the elephants, walking on golden beaches and the taste of pure Ceylon tea if she visits to open diplomatic relations in Colombo. (6-0)
AIR AIZ ANZFF ANZFY ANZLY

UEM Edgenta hands out special dividend

12h thestar.com.my
KUALA LUMPUR: UEM Edgenta Bhd has declared a special dividend payout to shareholders after the disposal of a unit in New Zealand boosted its profits in the last quarter ended Dec 31, 2017. (7-0)
1368 1818 BSMAF OIC

Sharemarket falls on eve of big day for company results

20h nzherald.co.nz
New Zealand shares fell in light trading ahead of a busy day of earnings tomorrow, with Heartland Bank and Fletcher Building dropping while Sky Network Television and Air New Zealand rose. (24-0)
AIR AIZ ANZFF ANZFY ANZLY EBO EBO EBOSF EBOSY FBU FBU FCREY FRCEF MEZ NZTCF NZTCY PIL SKKTY SKT SPK SPKKY SYKWF VIL

Energy prices, broadband speeds in ACCC sights this year

21h smh.com.au
Telecommunications, energy and banking are among the sectors in the Australian Competition and Consumer Commission’s sights this year as it looks to clamp down on anti-competitive and misleading behaviour. (6-0)
AIR AIZ ANZFF ANZFY ANZLY

Former cyclone Gita hits New Zealand; emergency declared in southern city - Channel NewsAsia

21h channelnewsasia
WELLINGTON: New Zealand's national carrier on Tuesday cancelled all flights in and out of the capital, Wellington, and the southern city of Christchurch declared a state of emergency as the remnants of tropical cyclone Gita pummelled the country. (6-0)
AIR AIZ ANZFF ANZFY ANZLY

Watch: Herald Business Traveller rates Air New Zealand's Portuguese charter plane

21h nzherald.co.nz
Air New Zealand will rely on Portuguese charter operator Hi Fly to plug gaps across the Tasman for the next five weeks while engines on some Dreamliners are repaired. Herald Business Traveller flew from Sydney to Auckland on NZ 108, one of Hi Fly's A340s. Here's the verdict. (6-0)
AIR AIZ ANZFF ANZFY ANZLY

ASX-listed firm Super Retail Group buys Kiwi outdoor brand Macpac for $144m

17h nzherald.co.nz
ASX-listed Super Retail Group has bought New Zealand outdoor equipment brand Macpac for $144 million, more than twice the $68.7m paid by Australia's Champ Private Equity in 2015. (2-0)
KMD KMD KTHDY SPRRY SUL

Jetstar keeps flying into Wellington, Air NZ cancels all flights

23h nzherald.co.nz
Jetstar says it can continue to operate flights out of Wellington after Air New Zealand cancelled flights in and out of the capital as Cyclone Gita approaches and weather conditions deteriorate. (6-0)
AIR AIZ ANZFF ANZFY ANZLY

Beach Energy's (BEPTF) CEO Matt Kay on Q2 2018 Results - Earnings Call Transcript

2018-02-19 seekingalpha
Beach Energy Ltd. (OTCPK:BEPTF) Q2 2018 Results Earnings Conference Call February 18, 2018 7:00 PM ET (14-0)
BCHEY BEPTF BPT GEL GNE GNE MS

Emirates Auckland-Bali flight means chasing the sun just got easier for Kiwi holidaymakers

2018-02-19 nzherald.co.nz
Just when Air New Zealand was about to wave goodbye to the Emirates juggernaut flying from Auckland across the Tasman, the Dubai-based airline is back in direct competition on another developing route. (6-0)
AIR AIZ ANZFF ANZFY ANZLY

ANZ extends debt deadline for Mad Butcher owner Veritas Investments

20h nzherald.co.nz
ANZ Bank New Zealand has extended Veritas Investments' debt deadline for the third time as the company seeks shareholder approval to sell the Mad Butcher master franchisor business and continue discussions on other asset sales. (1-0)
VIL

Emirates to fly new daily service from Auckland to Bali and Dubai

2018-02-19 nzherald.co.nz
Emirates plans to launch a new daily service from Auckland to Bali and then on to Dubai from June 14. (60-0)
AIR AIZ ANZFF ANZFY ANZLY BA BOE

ASX strengthens as earnings provide a lift

2018-02-19 smh.com.au
Australian shares advanced firmly on Monday, with investors welcoming earnings from a diverse range of companies in what's shaping up to be a solid reporting season. (19-0)
ASXFF ASXFY BCHEY BEPTF BPT FBU FBU FCREY FRCEF MS WOPEF WOPEY WPL

Sharemarket falls as investors await results

2018-02-19 nzherald.co.nz
New Zealand shares fell in quiet trading ahead of a busy mid-week reporting period, led lower by Sky Network Television and Mercury NZ, while Synlait Milk and a2 Milk Co rose. (4-0)
SKKTY SKT SML SYKWF

Goodman Property sells up to $100m of bonds

2018-02-19 nzherald.co.nz
Goodman Property Trust, the NZX-listed commercial and industrial property investor, is offering to sell as much as $100 million of bonds to further diversify its funding sources and reduce bank debt. (6-0)
WBC WBC WBK WEBNF

Kate Hawkesby: I feel sorry for Ralph Norris having to quit after Fletcher Building saga

2018-02-18 nzherald.co.nz
I feel bad for Ralph Norris. I know there are those who want his head on a platter - and he's served that - but for some it will never be enough. (6-0)
FBU FBU FCREY FRCEF

Competition pushing construction sector into 'race to the bottom'

2018-02-18 nzherald.co.nz
Competition has pushed the construction sector into a "race to the bottom" where companies are taking on projects to win revenue rather than chase profit, says a top industry boss. (8-0)
FBU FBU FCREY FRCEF WSP WSPOF

New tanker MT Kokako shipping fuel from Marsden Pt Oil Refinery to New Zealand ports

2018-02-18 nzherald.co.nz
A brand new oil tanker specifically designed for working around New Zealand has started work taking fuel products from the Marsden Pt Oil Refinery to ports around the country. (2-0)
ZEL ZNRGF ZNZ

Diana Clement: Give yourself a bit of credit

2018-02-17 nzherald.co.nz
Credit cards can be used to your advantage. You just need to understand how they work and be crafty. (6-0)
AIR AIZ ANZFF ANZFY ANZLY

Short-Sale Death Threats Are a Bad Idea - Bloomberg

2018-02-16 bloomberg
Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. (88-0)
AOBC BLK MET MET RGR VSTO WFC WFCNP

Foreign workers to explore jobs in NZ

2018-02-16 radionz.co.nz
Over 50 construction workers and engineers will be arriving in New Zealand this weekend from the United Kingdom and South Africa to explore job opportunities. (6-0)
FBU FBU FCREY FRCEF

Brian Gaynor: Fletcher's Sir Ralph Norris a victim of his own success?

2018-02-16 nzherald.co.nz
The problem with Sir Ralph Norris, who announced his resignation as Fletcher Building chairman this week, could be that his senior management career was too successful. (6-0)
FBU FBU FCREY FRCEF

Auckland International Airport Ltd. ADR 2018 Q2 - Results - Earnings Call Slides

2018-02-16 seekingalpha
The following slide deck was published by Auckland International Airport Ltd. ADR in conjunction with their 2018 Q2 earnings call. (2-0)
ACKDF AIA AIA AUKNY

Shares up; Tourism Holdings hits record with Auckland Airport, Fletcher Building gaining

2018-02-16 nzherald.co.nz
New Zealand shares rallied as Tourism Holdings hit a record and Auckland Airport gained on its first-half earnings. (19-0)
EBO EBO EBOSF EBOSY FBU FBU FCREY FRCEF GEL GNE GNE THL THO

Australia banks tighten mortgage checks amid govt inquiry, face revenue strain

2018-02-16 thestar.com.my
Westpac Banking Corp, Australia and New Zealand Banking Group, and Macquarie Group have also communicated to brokers in recent weeks changes in the way loans are assessed and approved. (7-0)
MCQEF MQBKY MQG WBC WBC WBK WEBNF

MetLife Inc Stock Earnings Calm Investor Nerves — For Now

2018-02-16 investorplace
The irony of MetLife Inc (NYSE:MET) stock at the moment is that insurance stocks are supposed to be safe — and boring. Right now, MET stock hardly looks like either. (25-0)
BHF GE GEC GNE MET MET PFG PFK PJH PRH PRU

NZME and Sky TV settle copyright stoush

2018-02-16 nzherald.co.nz
NZME and Sky Television have settled a copyright dispute over the use of rugby video footage. (2-0)
SKKTY SKT SYKWF

Tourism Holdings forms $126 million joint venture with Thor Industries to connect RV market

2018-02-15 nzherald.co.nz
Tourism Holdings, the world's largest recreational vehicle rental business, has formed a joint venture with Thor Industries, the world's largest manufacturer of the vehicles, to develop a single platform to connect a wide range of services in the growing market for RVs. (9-0)
THL THO

Meet Josie Pepper - Munich Airport's robot help

2018-02-15 nzherald.co.nz
A humanoid robot called Josie Pepper has been rolled out at Munich Airport in a test to find out how it is accepted by passengers. (6-0)
AIR AIZ ANZFF ANZFY ANZLY

Auckland Airport lifts first-half profit by 17 per cent, tightens full-year guidance

2018-02-15 nzherald.co.nz
Auckland International Airport, New Zealand's busiest gateway, posted a 17 per cent gain in first-half profit and said its strong performance gave it the confidence to tighten the range of its full-year guidance for underlying earnings. (2-0)
ACKDF AIA AIA AUKNY

Stock Takes - What next for Fletcher Building?

2018-02-15 nzherald.co.nz
Fletcher Building's share price took a hit when it came off a trading halt this week, but it could have been worse if it had gone to the market for funds. (6-0)
FBU FBU FCREY FRCEF

Genesis Energy, L.P.'s (GEL) CEO Grant Sims on Q4 2017 Results - Earnings Call Transcript

2018-02-15 seekingalpha
Genesis has four business segments: The Offshore Pipeline Transportation Division is engaged in providing the critical infrastructure to move oil produced from the long-lived world-class reservoirs from the Deepwater Gulf of Mexico to Onshore Refining Centers. The Sodium Minerals and Sulfur Services Division includes trona and trona-based exploring, mining, processing, producing, marketing and selling activities, as well as the processing of sour gas streams to remove sulfur and refining operations. (2-0)
GEL GNE GNE

BRIEF-Genesis Energy LP Reports Qtrly Revenues $720.05 Million

2018-02-15 reuters
* GENESIS ENERGY LP - QTRLY NET INCOME ATTRIBUTABLE TO GENESIS ENERGY LP OF $15.5 MILLION, RESULTING IN LOSS OF $0.01 OF NET INCOME PER COMMON UNIT (2-0)
GEL GNE GNE

Shares rise, led by Sanford, Metro Glass

2018-02-15 nzherald.co.nz
New Zealand shares rose, led higher by Sanford and Metro Performance Glass, with Fletcher Building extending its slide after yesterday's selloff. (9-0)
FBU FBU FCREY FRCEF FTRRF GEL GNE GNE MPP MTPGF SKL SKLUY

Dollar little changed as recovery in risk appetite weighs on greenback

2018-02-15 nzherald.co.nz
The New Zealand dollar was little changed against the US dollar as markets shrugged off the stronger-than-expected inflation data in the US and a recovery in risk sentiment weighed on the greenback. (6-0)
WBC WBC WBK WEBNF

Fletcher Building ignored warnings, says shareholders body

2018-02-15 nzherald.co.nz
The board of Fletcher Building ignored warnings that all was not well at the company, according to the New Zealand Shareholders Association. (6-0)
CIM FBU FBU FCREY FRCEF LGTHF LGTHY

Fletcher Building should sell Formica: analyst

2018-02-15 nzherald.co.nz
Fletcher Building paid US$700 million ($947m) to buy Formica Corp from private equity owners Cerberus Capital Management and Oaktree Capital Management in 2007. It may be a good time to sell a business that sits outside its core operations, says Morningstar. (6-0)
FBU FBU FCREY FRCEF

Fletcher: Writing was on the wall

2018-02-15 radionz.co.nz
Analysis: The profitability, economic value and reputation of New Zealand's biggest construction company have been gunned down today, writes Gyles Beckford. (6-0)
FBU FBU FCREY FRCEF

3 Stocks to Watch on Wednesday: Chipotle Mexican Grill, Inc. (CMG), Metlife Inc (MET) and Occidental Petroleum Corporation (OXY) | InvestorPlace

2018-02-14 investorplace
U.S. equities bounced back following losses early in yesterday’s session as breadth was positive and crude oil weakened. The S&P 500 Index gained 0.3%, the Dow Jones Industrial Average surged 0.2% and the Nasdaq Composite surged 0.5%. (50-0)
CMG MET MET OXY TRI

Fran O'Sullivan: Norris made right choice in resigning

2018-02-14 nzherald.co.nz
Sir Ralph Norris effectively fired himself as chairman at Fletcher Building, taking accountability for the billion-dollar fiasco with troubled construction projects. (14-0)
AIR AIZ ANZFF ANZFY ANZLY CEN CEN COENF COENY FBU FBU FCREY FRCEF

Skellerup's profits soar 31 per cent on back of industrial unit

2018-02-15 nzherald.co.nz
Skellerup Holdings lifted first-half profit 31 per cent thanks to a "standout" performance from its industrial unit which boosted earnings 40 per cent, and it forecast an increase in full-year profit. (1-0)
SKL SKLUY

Editorial: How did Fletcher Building miscalculate so badly?

2018-02-14 nzherald.co.nz
The public is well accustomed to corporate calamities on big building projects. Frequently the names on the hoardings change after the original construction company gets into difficulty. But a company bearing the name Fletcher in this country is expected to be different. (12-0)
AIR AIZ ANZFF ANZFY ANZLY FBU FBU FCREY FRCEF

Fears job losses will stem from Fletcher's fall

2018-02-14 radionz.co.nz
Unions fear Fletcher Building's decision to quit bidding for big new construction projects will mean job losses, and say using subcontractors is a big part of the company's downfall. (6-0)
FBU FBU FCREY FRCEF

Finance experts worry about Fletcher Building: could it get worse?

2018-02-14 nzherald.co.nz
Finance experts fear more red ink from Fletcher Building - on top of the $952m of expected losses from a troubled business unit over the past two years. (6-0)
FBU FBU FCREY FRCEF

Telstra: The Long Painful Decline

2018-02-14 seekingalpha
Telstra's bad reputation among consumers, combined with an en masse entry of new competitors in its key markets will diminish revenue over time. (2-0)
TLS TLSYY TTRAF

NZ shares dragged lower by Fletcher Building

2018-02-14 nzherald.co.nz
New Zealand shares were mixed as Fletcher Building plunged 9.3 per cent after the company unveiled further provisions at Building + Interiors (B+I) that bring two-year losses at the unit to $952 million. (12-0)
FBU FBU FCREY FRCEF GEL GNE GNE KMD KMD KTHDY MPP MTPGF SML

ASX runs out of puff ahead of US inflation data

2018-02-14 smh.com.au
The ASX fell on Wednesday, weighed down by a drop in CBA shares ahead of US inflation data that some traders believe will dictate the next move for markets. (7-0)
ASXFF ASXFY CPICQ FBU FBU FCREY FRCEF GMG

'This is a low point' - Fletcher chair Sir Ralph Norris

2018-02-14 nzherald.co.nz
"This is a low point. No doubt about that," Sir Ralph Norris said after announcing his resignation as chairman of Fletcher Building. (6-0)
FBU FBU FCREY FRCEF

Fight for Kiwi travellers heating up

2018-02-14 nzherald.co.nz
Competition for Kiwi tourists keeps building as retail travel chain helloworld rolls out deals on flights and holidays to celebrate its second anniversary. (6-0)
AIR AIZ ANZFF ANZFY ANZLY FGETF FGHRY

Dollar rises on growing inflation expectations, US CPI looms

2018-02-14 nzherald.co.nz
The New Zealand dollar rose after the Reserve Bank's survey of expectations showed firms are predicting inflationary pressures, and ahead of US inflation which may offer a steer on the Federal Reserve's interest rate track. (6-0)
WBC WBC WBK WEBNF

Fletcher Building's own Valentines Day Massacre

2018-02-14 radionz.co.nz
Analysis: The profitability, economic value and reputation of New Zealand's biggest construction company have been gunned down today, writes Gyles Beckford. (6-0)
FBU FBU FCREY FRCEF

UPDATE 2-MetLife says pension failures go back 25 years, hurt 4th-qtr profit

2018-02-14 reuters
(Reuters) - U.S. insurer MetLife Inc (MET.N) on Tuesday said internal failures that resulted in its not making payments to thousands of pensioners stretched back a quarter of a century and it would take a major effort this year to fix the problems. (11-0)
MET MET PFK PJH PRH PRU

Fletcher Building shares hit two-year low after shock downgrade

2018-02-14 nzherald.co.nz
Fletcher Building's shares tumbled to a two-year low of $6.69 today after the company unveiled further provisions at Building + Interiors (B+I) that bring two-year losses at the unit to $952 million. (6-0)
CIM FBU FBU FCREY FRCEF LGTHF LGTHY

PRESS DIGEST- Financial Times - Feb 14

2018-02-14 reuters
Feb 14 (Reuters) - The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy. (10-0)
BT BT.A BTGOF MET MET

Australia Power Player Calls Out Traders Who Can't Back Up Deals - Bloomberg

2018-02-14 bloomberg
Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. (7-0)
AGLNF AGLNY ENGI OGFGF OGFGY ORG WBC WBC WBK WEBNF

Third straight win for stock market in doubt as Dow futures tumble more than 100 points - MarketWatch

2018-02-13 marketwatch
A two-day recovery for U.S. equities showed signs of faltering on Tuesday, with Dow Jones Industrial Average futures dropping more than 100 points. (85-0)
ABC APRN BIDU GM MET MET PEP UA UAA WBA

Why Fletcher's Ralph Norris fell on his sword

2018-02-13 nzherald.co.nz
Corporate heavyweight Sir Ralph Norris said Fletcher Building investors expect the board to be accountable and so announced his resignation as chairman today. (14-0)
AIR AIZ ANZFF ANZFY ANZLY CEN CEN COENF COENY FBU FBU FCREY FRCEF

MetLife Sees Lower Charge to Bolster Pension Reserves - WSJ

2018-02-13 wsj
MetLife Inc. reported a smaller charge than it initially forecast in connection with bolstering its pension reserves after disclosing it failed to pay monthly benefits to a group of workers it covered. (6-0)
MET MET

Genesis Energy lifts first-half earnings 28 per cent on demand for wholesale electricity

2018-02-13 nzherald.co.nz
Genesis Energy lifted first-half earnings 28 per cent as low hydro-lake levels in the South Island boosted the company's demand for wholesale electricity and announced plans to completely phase out coal use by 2030. (6-0)
CEN CEN COENF COENY GEL GNE GNE MEZ

Genesis Energy irks greenies with plans to keep burning coal until 2030

2018-02-14 nzherald.co.nz
Genesis Energy has pushed back plans to stop burning coal for power generation to 2030, a move that has sparked the ire of environmentalists. (2-0)
GEL GNE GNE

Fletcher Building puts a halt on new big jobs

2018-02-13 nzherald.co.nz
Fletcher Building says its troubled unit won't be bidding on big new projects and will focus on finishing those on its books. (6-0)
FBU FBU FCREY FRCEF

Fletcher Building chair resigns as losses blow out

2018-02-13 radionz.co.nz
Fletcher Building's chair Sir Ralph Norris will resign after the company announced its building and interiors unit was expecting $660m in losses. (6-0)
FBU FBU FCREY FRCEF

Fletcher announces total losses of $660 million, chairman Ralph Norris resigns

2018-02-13 nzherald.co.nz
NZX-listed giant Fletcher Building has just announced $660 million total losses from its Buildings and Interiors division, the resignation of chairman Sir Ralph Norris and told shareholders they will get no dividends. (6-0)
FBU FBU FCREY FRCEF

Fletcher Building downgrades sitting at $400m-plus as announcement looms

2018-02-13 nzherald.co.nz
Fletcher Building is this morning due to announce further losses from its Building and Interiors division, already down by more than $400 million. (6-0)
FBU FBU FCREY FRCEF NZSTF NZSTY

NZ shares rise; Vital Health, A2 Milk gain

2018-02-13 nzherald.co.nz
New Zealand shares gained, led by Vital Healthcare Property Trust and A2 Milk Co, as investors prepared for a potential selloff of Fletcher Building once it updates its losses within its construction division. (10-0)
FBU FBU FCREY FRCEF KWIPF MEZ THL VTHPF

The newest Airbus plane A350-1000 lands in Auckland

2018-02-13 nzherald.co.nz
Planemaker Airbus unveiled its new A350-1000 in Auckland this morning - and the largest of its twin-aisle fleet did not disappoint. (6-0)
AIR AIZ ANZFF ANZFY ANZLY

Fletcher to front in Ash Wednesday revelations: Dividend cut on cards

2018-02-13 nzherald.co.nz
NZX and ASX-listed giant Fletcher Building is due to reveal to the market tomorrow the true extent of its difficulties, after warning last week that it was in danger of breaching bank lending covenants and remaining frozen in a six-day trading halt. (6-0)
FBU FBU FCREY FRCEF

Finance Minister Grant Robertson promises to deliver NZ's first 'wellbeing' budget

2018-02-13 nzherald.co.nz
Finance Minister Grant Robertson has promised to deliver New Zealand's first "wellbeing" budget, telling a Productivity Commission meeting in Wellington that success as a country must include a social dividend and not just be judged on gross domestic product. (6-0)
AIR AIZ ANZFF ANZFY ANZLY

Contact Energy to sell its electricity to Tiwai Point

2018-02-13 radionz.co.nz
Contact Energy says it is selling its electricity at a cheap price to the Tiwai Point aluminium smelter partly to help it stay in business. (4-0)
CEN CEN COENF COENY MEZ

BRIEF-Metlife To Invest Tax Savings In Employees

2018-02-12 reuters
* METLIFE INC - ESTABLISHING A WORKFORCE OF FUTURE DEVELOPMENT FUND; COMPANY WILL INVEST $10 MILLION (6-0)
MET MET

Gina Rinehart's wealth could fund government spending for 11 days

2018-02-12 smh.com.au
Gina Rinehart’s multibillion-dollar wealth could fund our government spending for 11 days. That is according to Bloomberg’s 2018 Robin Hood Index which decided to answer the vital question: How long could government’s keep running if the wealthiest person in each country paid for it.Mrs Rinehart’s money goes a surprisingly long way.China’s richest individual, Jack Ma, could barely afford to fund more than four days of government spending. (6-0)
FBU FBU FCREY FRCEF

Big name stocks fall, dragging down sharemarket

2018-02-12 nzherald.co.nz
New Zealand shares dropped, led by Kathmandu Holdings and Fisher & Paykel Healthcare, while NZX gained. (16-0)
CEN CEN COENF COENY FBU FBU FCREY FRCEF KMD KMD KTHDY PFI PYIYY RHCGF RYHTY RYM

Shoppers start year off 'with a bang' - spending $5.3b in January

2018-02-12 nzherald.co.nz
New Zealand retail spending on electronic cards gained in January for a fifth straight month, as consumers spent more on eating out, hardware, furniture and appliances. (6-0)
WBC WBC WBK WEBNF

Australia's big banks focus on job cuts as inquiry looms

2018-02-12 in.reuters
SYDNEY (Reuters) - Australia’s big banks are responding to a revenue crunch by cutting jobs and other costs, prompting fears on the eve of an inquiry into their businesses that the industry’s tarnished reputation is about to take another hit. (8-0)
NAB NABZY NASXF NAUBF WBC WBC WBK WEBNF

Fletcher Building investors worried: will shareholders have to pay?

2018-02-11 nzherald.co.nz
Investment specialists are even more concerned about NZX giant Fletcher Building after it sought a trading halt extension this morning, cancelled a 10am press conference, said it was talking to financiers and reiterated it could be in breach of banking covenants. (12-0)
FBU FBU FCREY FRCEF WBC WBC WBK WEBNF

Australia’s big banks focus on job cuts as inquiry looms

2018-02-11 thestar.com.my
Profit chase: Combo photo shows the signs of the ‘big four’ Australian banks (clockwise from top left) National Australia Bank, Westpac, ANZ and Commonwealth Bank. The banks are making cost cuts to boost profit. They are expected to shed up to 40,000 jobs over five years as part of that overhaul, making a reduced wages bill the primary saving. — AFP (8-0)
NAB NABZY NASXF NAUBF WBC WBC WBK WEBNF

Explainer: What's happening at Fletcher Building?

2018-02-11 nzherald.co.nz
Construction giant Fletcher Building has extended its trading halt, requiring more time to talk to its bankers. (6-0)
FBU FBU FCREY FRCEF

Fletcher Building share trading halt to continue

2018-02-11 radionz.co.nz
Fletcher Building's share trading halt is to continue until Wednesday as it reviews its building and interiors unit. (6-0)
FBU FBU FCREY FRCEF

Fletcher Building trading halt extended, in talks with banks

2018-02-11 nzherald.co.nz
NZX-listed giant Fletcher Building is talking to its bankers and wants more time in a trading halt, indicating major losses on big New Zealand construction projects, possibly breaching its banking covenants. (6-0)
FBU FBU FCREY FRCEF

Dry weather prompts lower power profit

2018-02-11 radionz.co.nz
That would make up for power that could not be produced from depleted hydro storage lakes. (2-0)
GEL GNE GNE

Contact Energy profit slumps 11pct due to dry spell

2018-02-11 nzherald.co.nz
Contact Energy's first-half earnings fell 11 per cent as the electricity generator-retailer dealt with a dry spell, which sapped its hydro generation in what it described as a "highly competitive" market. (2-0)
CEN CEN COENF COENY

Soon, book Air India ticket through app of any 'Star Alliance' airlines

2018-02-11 business-standard
Passengers might soon be able to book tickets on Star Alliance member airlines through the website or app of any member carrier, thanks to the grouping's digital services initiative. A 28-member strong Star Alliance, that also has national carrier Air India onboard, has launched the digital services platform in collaboration with technology major Accenture. The platform can gather data provided by an individual member airline or third-party source and make it available to all member carriers as well as enable them to have their own customer-facing digital applications, according to the alliance. (12-0)
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Australia’s big banks focus on job cuts as inquiry looms

2018-02-11 themalaymailonline
A pedestrian is reflected in the window of a branch of the Australia and New Zealand Banking Group (ANZ) in central Sydney. ― Reuters picSYDNEY, Feb 11 ― Australia's big banks are responding to a revenue crunch by cutting jobs and other costs, prompting fears on the eve of an inquiry into their businesses that the industry's tarnished reputation is about to take another hit. (8-0)
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Australia's big banks focus on job cuts as inquiry looms - Channel NewsAsia

2018-02-11 channelnewsasia
Australia's big banks are responding to a revenue crunch by cutting jobs and other costs, prompting fears on the eve of an inquiry into their businesses that the industry's tarnished reputation is about to take another hit. (8-0)
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