Carter Holt Harvey is planning to shut its Eves Valley sawmill and focusing on Kawerau, with 142 jobs affected.
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BNZ’s chief economist says the average mortgage rate paid in June was 5.66 percent.
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Consumption of natural gas dropped to its lowest level since 2011 last year, and MBIE is warning that gas supply may be falling faster than previously expected.
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Foodstuffs North Island chair Dean Waddell said the former National cabinet minister’s experience would be invaluable to the co-operative.
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The maker of ‘red band’ gumboots and components for industrial and agricultural products also had record revenue.
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The airport’s underlying profit also rose, as rental income improved, it increased aeronautical charges and had lower interest and tax expenses.
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Its profit is down 18 percent to $260 million, driven by lower customer spending.
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Kiwibank has posted a lower full-year profit on the back of increased costs and a fall in margins.
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The casino operator also said revenue was down 11 percent, but reported a small net profit.
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The government needs to spend more on attracting major events and more air capacity to lift international visitor numbers, the head of Tourism Holdings says.
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