Jamie Gray

6 days ago | nzherald.co.nz | Jamie Gray

Bremworth will start making synthetic carpets again. Photo / Supplied NZX-listed Bremworth says it will start making synthetic carpets again - reversing a decision made in 2020 to focus on woollen carpets only. The company said its move was in response to feedback from major partners. Bremworth said the move would also allow it to achieve improved factory utilisation through the additional volume of carpet produced.

6 days ago | nzherald.co.nz | Jamie Gray

Manawa Energy looks set to merge with Contact Energy. Photo / Supplied Investors will get a window into corporate sentiment when the reporting season gets under way later this month. Takeover target Manawa sets the ball rolling with its annual result on May 16, but the main event will be Fisher and Paykel Healthcare’s (FPH) result on May 28.

1 week ago | nzherald.co.nz | Jamie Gray

Methanex has struck another gas supply deal with Contact and Genesis. Genesis Energy and Contact Energy have made arrangements to take more gas from methanol exporter Methanex. Contact said yesterday it had struck a deal with Methanex to buy 2.8 petajoules (PJ) of gas to be supplied over an eight-week period, starting immediately. Genesis followed suit today.

1 week ago | nzherald.co.nz | Jamie Gray

ANZ New Zealand has released its first-half result. Photo / NZME ANZ New Zealand raised its cash net profit by 1% to $1.161 billion in the first half-year to March compared with the same year-ago period, reflecting the state of the economy and flat costs. Against the six months to September 30, 2024, the profit was a 3% improvement. The bank’s statutory net profit was $1.277b, up 21% over the September six-month period, driven by $116 million from economic hedges.

1 week ago | nzherald.co.nz | Jamie Gray

Banks need to repay $9.2 billion in Covid-era soft loans to the Reserve Bank before the year's end. Photo / File New Zealand’s big five banks will need to repay the Reserve Bank around $9.2 billion in cheap Covid-era loans over the next few months. The Funding for Lending programme (FLP) allowed eligible banks to borrow directly from the central bank at the prevailing Official Cash Rate (OCR), the aim being to keep the wheels of commerce rolling during Covid restrictions.