BusinessDesk - Latest News [Page 1]

UPDATE: Ryman posts 13% gain in 1H earnings, on track for FY

Friday, 21 November 2014, 5:52 pm | BusinessDesk

UPDATE: Ryman posts 13% gain in 1H earnings, on track for FY target of 15% increase More >>

MARKET CLOSE: NZ shares fall, led by Kathmandu

Friday, 21 November 2014, 5:42 pm | BusinessDesk

Nov. 21 (BusinessDesk) - New Zealand shares fell led by Kathmandu Holdings and paced by Warehouse Group after the retailers said their margins and sales were under pressure. Meridian Energy and MightyRiverPower declined as investors looked to crystalise recent ... More >>

NZ dollar heads for 0.4% decline as greenback strengthens

Friday, 21 November 2014, 5:39 pm | BusinessDesk

Nov. 21 (BusinessDesk) - The New Zealand dollar is headed for a 0.4 percent decline this week as a weaker yen strengthened the US dollar, pulling all other currencies down against it. More >>

Fuel50 raises second investment round to take on US market

Friday, 21 November 2014, 3:55 pm | BusinessDesk

Nov. 21 (BusinessDesk) - Auckland-based software startup Fuel50 raised $1 million in a second angel investment round to fund its push in the US, where it was named as one of five best new technologies at an international human resources industry ... More >>

NZOG's head of exploration Bill Houston resigns

Friday, 21 November 2014, 3:38 pm | BusinessDesk

Nov. 21 (BusinessDesk) - Bill Houston, New Zealand Oil & Gas' general manager of exploration, has resigned less than a year after he took up the role with the listed energy explorer. More >>

NZX signs MOU with freshly-licensed Bank of China

Friday, 21 November 2014, 3:24 pm | BusinessDesk

Nov. 21 (BusinessDesk) - NZX, New Zealand's stock market operator, has signed a memorandum of understanding with the Bank of China to develop financial products, with a focus on the agricultural sector and capital markets. More >>

NZ export log prices rise in November, China demand weak

Friday, 21 November 2014, 2:27 pm | BusinessDesk

Nov. 21 (BusinessDesk) - New Zealand export log prices edged up in November although demand from China, the country's largest market, is likely to remain subdued until the second quarter of next year. More >>

Kathmandu 1st-qtr margins shrink, flags drop in 1H profit

Friday, 21 November 2014, 1:44 pm | BusinessDesk

Nov. 21 (BusinessDesk) - Kathmandu Holdings, the outdoor goods retailer, said it expects first-half margins to shrink as it discounts more items to clear shelf space. The shares fell. More >>

UPDATE: Metroglass confirms on track for full year

Friday, 21 November 2014, 12:49 pm | BusinessDesk

Nov. 21 (BusinessDesk) - Metro Performance Glass, which has more than half of New Zealand's glass processing market, is on track to meet full-year prospectus forecasts as it benefits from a building boom in Auckland and Christchurch. More >>

Arvida Group raises $75 million in IPO

Friday, 21 November 2014, 12:16 pm | BusinessDesk

Nov. 21 (BusinessDesk) - Arvida Group, the new retirement village operator, has raised the full $75 million sought through an initial public offering following strong demand from New Zealand and Australian institutions and listed companies. More >>

Warehouse affirms forecast for 2015 profit growth

Friday, 21 November 2014, 10:53 am | BusinessDesk

Nov. 21 (BusinessDesk) - Warehouse Group, New Zealand's largest listed retailer, affirmed its expectation for a rise in annual earnings even as sales lag behind forecast heading into the key Christmas trading period. More >>

A2 Milk changes Chinese supply approach for infant formula

Friday, 21 November 2014, 10:34 am | BusinessDesk

Nov. 21 (BusinessDesk) - A2 Milk Co has agreed to make China State Farm Holdings Shanghai the sole importer of its a2Platinum infant formula while the milk marketer will take over the distribution in Asia's largest economy. More >>

TRS posts small loss to remain listed

Friday, 21 November 2014, 10:17 am | BusinessDesk

Nov. 21 (BusinessDesk) - TRS Investments, which is in talks with file storage and encryption firm Mega to be the vehicle for a proposed backdoor listing, said its first-half loss about doubled to $25,000, which it attributed to increased share ... More >>

Ryman posts 13% gain in 1H earnings, on track for FY target

Friday, 21 November 2014, 10:12 am | BusinessDesk

Ryman Healthcare posts 13% gain in 1H earnings, on track for FY target of 15% increase More >>

Metroglass confirms on track for to meet full year targets

Friday, 21 November 2014, 9:46 am | BusinessDesk

Nov. 21 (BusinessDesk) - Metro Performance Glass, which has more than half of New Zealand's glass processing market, said it's on track to meet full-year prospectus forecasts after sales rose 13 percent in its first two months as a listed company. More >>

NZ ISPs in YouTube tie-up to push fast broadband connections

Friday, 21 November 2014, 9:03 am | BusinessDesk

Nov. 21 (BusinessDesk) – New Zealand internet service providers are part of a multinational drive by global video streaming giant YouTube to push customers to faster landline broadband connections. More >>

NZ dollar gains as technical traders see good buying

Friday, 21 November 2014, 8:45 am | BusinessDesk

Nov. 21 (BusinessDesk) - The New Zealand dollar advanced as some investors bet its decline made it attractive buying. More >>

While you were sleeping: Best Buy, Dollar Tree rally

Friday, 21 November 2014, 7:46 am | BusinessDesk

Nov. 21 (BusinessDesk) - Wall Street advanced, bolstered by retailers that posted better-than-expected quarterly results including Best Buy, and solid US economic data. More >>

Taxpayer money-go-rounds hampering growth: NZ Initiative

Friday, 21 November 2014, 6:59 am | BusinessDesk

Nov. 20 (BusinessDesk) - Income redistribution schemes such as Working for Families, which pay back money people have often already paid as tax, are a barrier to the economic productivity improvements that could easily overcome projections showing ... More >>

IkeGPS first-half sales almost double, loss widens

Thursday, 20 November 2014, 6:48 pm | BusinessDesk

Nov. 20 (BusinessDesk) - IkeGPS Group said first-half sales almost doubled along with its losses as the company that sells portable measuring devices uses the proceeds of its initial public offering to build a sales force and further develop its products. More >>



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