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Wellington, July 31 NZPA - The company controlling New Zealand's Cheal oilfield, oil and gas producer and explorer, TAG Oil Ltd, says it was making $US50 ($NZ68) surplus on every barrel of oil it pumped out of the field last year.
(Crcts H5673 networked Tuesday, figure in 8th par)
Wellington, July 29 NZPA - Computer seller Renaissance Corp today reported its June year net profit rose 20 percent to $1.46 million despite losing a good chunk of its business when Apple Inc decided to sell direct to major customers.
Wellington, July 31 NZPA - Shares in retailer The Warehouse tumbled when the stock exchange opened today, following a Court of Appeal decision preventing takeover bids by Woolworths and Foodstuffs.
Wellington, July 31 NZPA - New Zealand Oil and Gas (NZOG) is reporting full year revenue of $234.6 million, up from $4.2 million the year before due to earnings from the Tui area oilfields off the Taranaki coast.
By Michael Daly of NZPA
Wellington, July 31 NZPA - The Court of Appeal has overturned a lower court's ruling that had allowed rival grocery firms to bid for discount retailer The Warehouse Group.
Wellington, July 31 NZPA - The New Zealand dollar fell to fresh 10-month lows against the greenback early today but made up much of the lost ground as oil prices rose.
Wellington, July 30 NZPA - Reserve Bank Governor Alan Bollard sees "plenty of room" for further interest rate cuts.
Wellington, July 30 NZPA - The stock exchange followed the lead of overseas markets with a 1.6 percent bounce today.
Top stock Telecom gained 9c, or 2.5 percent, to 368 as investors dragged the stock further up from a low of 325 a fortnight ago.
Wellington, July 30 NZPA - The New Zealand dollar dropped to a 10-month low against the greenback today, after Reserve Bank Governor Alan Bollard indicated there was plenty of room for further interest rate cuts.
Wellington, July 30 NZPA - Moody's Investors Service has revised the outlook on Vector's Baa1 senior unsecured rating from developing to stable.
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