BusinessDesk - Latest News [Page 1]

MARKET CLOSE: NZ shares extend gains; CEN, TPW rise

Tuesday, 21 October 2014, 5:45 pm | BusinessDesk

Oct. 21 (BusinessDesk) - New Zealand shares gained for a third day, paced by Contact Energy and TrustPower, as investors spooked by recent volatility sought high-yield stocks. Fisher & Paykel Healthcare Corp rose to a record close. More >>

NZ dollar holds gains as Chinese data beats estimates

Tuesday, 21 October 2014, 5:09 pm | BusinessDesk

Oct. 21 (BusinessDesk) - The New Zealand dollar held its gains against the greenback after figures showed the Chinese economy grew faster than expected in the third quarter, although still the slowest pace since early 2009 and leaving open the door for Beijing ... More >>

Power companies face ban on 'saving' departing customers

Tuesday, 21 October 2014, 4:08 pm | BusinessDesk

Oct. 21 (BusinessDesk) - Power companies face a ban on so-called "save" calls, where they ring a customer departing for a rival and try to entice them back with a better offer, to the dismay of large electricity retailers. More >>

Cavalier and NZ Wool Services to merge wool scouring units

Tuesday, 21 October 2014, 4:04 pm | BusinessDesk

Oct. 21 (BusinessDesk) - Cavalier Wool Holdings and New Zealand Wool Services International will merge their two wool scouring operations, handing Melbourne-based Lempriere the biggest stake in the new business. More >>

Hellaby expects to complete at least one acquisition in 2015

Tuesday, 21 October 2014, 3:12 pm | BusinessDesk

Oct. 21 (BusinessDesk) - Hellaby Holdings, the diversified investment company, expects to proceed with at least one acquisition this financial year as it looks to further broaden its portfolio. More >>

Airwork sees annual profit growth of 48%

Tuesday, 21 October 2014, 2:50 pm | BusinessDesk

Oct. 21 (BusinessDesk) - Airwork Holdings, the aviation service firm which listed on the stock exchange last December, expects to lift annual profit 48 percent in the current year, with first-half earnings tipped to beat its offer document forecast ... More >>

Fletcher Building ups earnings through trebling house builds

Tuesday, 21 October 2014, 2:13 pm | BusinessDesk

Oct. 21 (BusinessDesk) - Fletcher Building, New Zealand's biggest company, is forecasting an upturn in earnings as it moves to triple the pace of home building in New Zealand and pilots a social housing project with government in Christchurch. More >>

Fletcher to triple pace of home building in NZ

Tuesday, 21 October 2014, 1:10 pm | BusinessDesk

Fletcher aims to triple pace of home building in NZ as demand grows, Adamson says More >>

NZ, South Korea free-trade agreement looks imminent

Tuesday, 21 October 2014, 12:10 pm | BusinessDesk

Oct. 21 (BusinessDesk) - A long-awaited free trade agreement between New Zealand and South Korea appears close to being inked following talks in Seoul last week. More >>

Fletcher Building sees FY earnings $650M-$690M on 2H rebound

Tuesday, 21 October 2014, 11:31 am | BusinessDesk

Oct. 21 (BusinessDesk) - Fletcher Building, the biggest company on the NZX 50 Index, is forecasting a gain in full-year operating earnings of as much as 11 percent, driven by anticipated recovery in the second half. More >>

ASX-listed Empired buys Intergen for A$17.4 mln

Tuesday, 21 October 2014, 11:30 am | BusinessDesk

Oct. 21 (BusinessDesk) - ASX-listed IT firm Empired has bought local IT firm Intergen for A$17.4 million in cash and shares to build the biggest trans-Tasman Microsoft services provider. More >>

NZ net migration rises to annual record in September

Tuesday, 21 October 2014, 10:57 am | BusinessDesk

NZ net migration rises to annual record in September on increased numbers from India, Australia More >>

Horizon's Aquaheat to buy Hawkins Refrigeration

Tuesday, 21 October 2014, 10:47 am | BusinessDesk

Oct. 21 (BusinessDesk) - Aquaheat New Zealand, a unit of Horizon Energy Distribution, is to buy Christchurch-based Hawkins Refrigeration to expand its national reach, retaining existing owners and managers to run the business. More >>

PGG Wrightson looks to beat operating earnings in 2015

Tuesday, 21 October 2014, 10:38 am | BusinessDesk

Oct. 21 (BusinessDesk) - PGG Wrightson, the rural services firm controlled by China's Agria Corp, expects to shrug off falling dairy prices and beat its strongest earnings result in several years in 2015 after a strong first quarter. More >>

UPDATE: Orion Health confirms $120 mln to $150 mln IPO

Tuesday, 21 October 2014, 10:14 am | BusinessDesk

Oct. 21 (BusinessDesk) - Orion Health Group, a global provider of healthcare software solutions, has confirmed it will raise between $120 million to $150 million in an initial public offer. More >>

Orion Health confirms $120 million to $150 million IPO

Tuesday, 21 October 2014, 9:33 am | BusinessDesk

Oct. 21 (BusinessDesk) - Orion Health Group, a global provider of healthcare software solutions, has confirmed its long-heralded initial public offer in New Zealand and Australia. More >>

NZ dollar gains on greenback weakness after IBM disappoints

Tuesday, 21 October 2014, 8:52 am | BusinessDesk

Oct. 21 (BusinessDesk) - The New Zealand dollar gained as the greenback declined on concern a nascent economic recovery in the US may be derailed should the Federal Reserve tighten policy too aggressively, after IBM earnings disappointed investors. More >>

While you were sleeping: IBM shares sink

Tuesday, 21 October 2014, 7:41 am | BusinessDesk

Oct. 21 (BusinessDesk) - Wall Street rose amid solid corporate earnings, even as IBM proved the exception. More >>

Companies still plan to list, despite volatility: AMP Capita

Monday, 20 October 2014, 6:20 pm | BusinessDesk

Oct. 20 (BusinessDesk) - AMP Capital New Zealand, which manages more than $18 billion of assets, expects more companies to list on the local stockmarket before the year's end, undeterred by the resurgence of global volatility as uneven economic growth ... More >>

Kirkcaldie posts $6.5 mln annual loss on write-downs

Monday, 20 October 2014, 5:44 pm | BusinessDesk

Oct. 20 (BusinessDesk) - Kirkcaldie & Stains, the upmarket Wellington department store, sank back into the red after a series of write-downs, including the loss on the sale of its Harbour City Centre building, wiped out an operating profit in the ... More >>



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