BusinessDesk - Latest News [Page 1]

NZ Refining posts 1H loss in face of shrinking margins

Thursday, 21 August 2014, 6:09 pm | BusinessDesk

Aug. 21 (BusinessDesk) - New Zealand Refining Co, the Marsden Point oil refinery controlled by its major customers, sank into the red in the first half of the financial year as weak processing margins and a strong kiwi dollar eroded earnings. More >>

UPDATED: Small NZ forest owners targeted

Thursday, 21 August 2014, 5:46 pm | BusinessDesk

Aug. 21 (BusinessDesk) - United Forestry Group, backed by Australian timber marketer Pentarch and China's Xiangyu Group, is targeting small forest owners in New Zealand in a bid to cash in on a looming 'wall of wood' it estimates will generate $30 billion ... More >>

MARKET CLOSE: NZ shares rise on results; Port of Tauranga up

Thursday, 21 August 2014, 5:43 pm | BusinessDesk

Aug. 21 (BusinessDesk) - New Zealand shares rose for a third day as reporting season gave investors confidence in the local bourse. Port of Tauranga and Fletcher Building, which both beat expectations, paced the advance. Genesis Energy led power companies ... More >>

Croxley calls time on NZ production in face of cheap imports

Thursday, 21 August 2014, 5:27 pm | BusinessDesk

Aug. 21 (BusinessDesk) - Croxley Stationery, whose stationery brands include Olympic, Warwick and Collins, plans to cease manufacturing in New Zealand because it has struggled to compete with lower-cost imports in a market where the printed word is giving way ... More >>

NZ dollar falls as economy seen settling to more modest pace

Thursday, 21 August 2014, 5:12 pm | BusinessDesk

Aug. 21 (BusinessDesk) - The New Zealand dollar declined, and could fall another 1.1 percent before finding firm support, on signs domestic economic growth is settling to a more moderate pace at a time traders are increasing bets on a revival in the ... More >>

Australian, China-backed company targets NZ forest owners

Thursday, 21 August 2014, 5:01 pm | BusinessDesk

Aug. 21 (BusinessDesk) - United Forestry Group, backed by Australian timber marketer Pentarch and China's Xiangyu Group, is targeting small forest owners in New Zealand in a bid to cash in on a looming 'wall of wood' it estimates will generate $30 billion ... More >>

NZ meat industry tie-up stumbled on differing strategies

Thursday, 21 August 2014, 1:46 pm | BusinessDesk

Aug. 21 (BusinessDesk) - New Zealand meat companies abandoned efforts to consolidate and reduce surplus capacity last year because they lacked an agreed export strategy and farmers wouldn’t commit stock to firms that closed plants, industry sources ... More >>

NZ consumer confidence sinks to 10-month low

Thursday, 21 August 2014, 1:29 pm | BusinessDesk

Aug. 21 (BusinessDesk) - New Zealand consumer confidence fell to a 10-month low in August, suggesting rising interest rates, weaker commodity prices and waning house price inflation are denting sentiment in an economy that may be growing at a slower ... More >>

UPDATE: Skellerup stock falls as earnings miss forecasts

Thursday, 21 August 2014, 11:46 am | BusinessDesk

Aug. 21 (BusinessDesk) - Shares in Skellerup Holdings declined after the industrial rubber goods maker missed analyst estimates for annual profit. More >>

Port of Tauranga posts 1.3% gain in FY profit as logs rise

Thursday, 21 August 2014, 11:29 am | BusinessDesk

Port of Tauranga posts 1.3% gain in full-year profit as container volumes fall, logs rise More >>

NZ annual migration at 11-year high in July

Thursday, 21 August 2014, 11:28 am | BusinessDesk

Aug. 21 (BusinessDesk) - New Zealand's annual migration extended its decade highs in July, with the inflow continuing to surpass Treasury and Reserve Bank expectations. More >>

CORRECT: Marsden Maritime censured over council vote

Thursday, 21 August 2014, 11:19 am | BusinessDesk

Aug. 21 (BusinessDesk) - Marsden Maritime Holdings, formerly known as Northland Port Corp, has been publicly censured by the stock market's disciplinary tribunal, which said Northland Regional Council was a related entity and shouldn't have participated ... More >>

Tenon returns to profit on US building activity

Thursday, 21 August 2014, 11:01 am | BusinessDesk

Tenon returns to profit on US building activity, will use surplus cash for share buyback More >>

AMP's NZ financial services lift 1H earnings 5% on KiwiSaver

Thursday, 21 August 2014, 10:49 am | BusinessDesk

Aug. 21 (BusinessDesk) - AMP's New Zealand financial services unit lifted first-half earnings as it increased KiwiSaver cashflows and boosted funds under management, while improving its margins. More >>

Skellerup doubles annual profit on quake payout

Thursday, 21 August 2014, 10:31 am | BusinessDesk

Aug. 21 (BusinessDesk) - Skellerup Holdings, the industrial rubber goods maker, more than doubled annual profit following an insurance payout from the Canterbury earthquakes. More >>

Marsden Maritime censured over council vote on fees

Thursday, 21 August 2014, 9:43 am | BusinessDesk

Aug. 21 (BusinessDesk) - Marsden Maritime Holdings, formerly known as Northland Port Corp, has been publicly censured by the stock market's disciplinary tribunal, which said Northland Regional Council was a related entity and shouldn't have participated ... More >>

NZ dollar falls as US dollar rises after upbeat FOMC minutes

Thursday, 21 August 2014, 8:37 am | BusinessDesk

Aug. 21 (BusinessDesk) - The New Zealand dollar declined as the US dollar strengthened after minutes to the Federal Reserve's last meeting were more upbeat than expected about the world's largest economy. More >>

While you were sleeping: Rate chatter rises

Thursday, 21 August 2014, 7:40 am | BusinessDesk

Aug 21 (BusinessDesk) - Wall Street advanced, while US Treasuries fell as investors await Federal Reserve Chair Janet Yellen’s speech this Friday at the annual gathering of the world’s top central bankers in Jackson Hole for her take on the outlook ... More >>

Ports of Auckland FY profit almost doubles as volumes rise

Thursday, 21 August 2014, 6:38 am | BusinessDesk

Aug. 20 (BusinessDesk) - Ports of Auckland posted a 90 percent gain in full-year profit, after lifting volumes of containers and breakbulk freight while reining in costs and using offsets to reduce its tax bill. More >>

MARKET CLOSE: NZ stocks rise; Fletcher, Trade Me gain

Wednesday, 20 August 2014, 6:03 pm | BusinessDesk

Aug. 20 (BusinessDesk) - New Zealand shares rose as Fletcher Building and Trade Me Group beat full-year profit guidance. Energy companies fell on weaker political polls ahead of next month's election. More >>

 

 

InfoPages Links

 
 
 
 
 

LATEST HEADLINES

 
 
 
InfoPages
Search Scoop  
 
 
Powered by Vodafone
NZ independent news