BusinessDesk - Latest News [Page 1]

Growth in global milk pool 'unusual,' says Spierings

Tuesday, 29 July 2014, 6:19 pm | BusinessDesk

July 29 (BusinessDesk) - The global market for dairy products have been in the unusual situation where most producers have been lifting supply, while demand weakened in China, Southeast Asia and the Middle East, says Fonterra Cooperative Group chief ... More >>

Tenon to supply Masters Home Improvement stores in Australia

Tuesday, 29 July 2014, 6:17 pm | BusinessDesk

July 29 (BusinessDesk) - Tenon, whose locally produced wood mouldings are sold in the US, will expand its business across the Tasman, supplying the Woolworths and Lowe's Home Improvement joint venture Masters Home Improvement stores. More >>

MARKET CLOSE: NZ stocks fall led by Telecom; Fonterra gains

Tuesday, 29 July 2014, 5:47 pm | BusinessDesk

July 29 (BusinessDesk) - New Zealand shares fell led by Telecom Corp after an analyst's report cut the stock's target price ahead of its name change next week. Units in the Fonterra Shareholders' Fund rose after Fonterra Cooperative Group slashed its ... More >>

NZ dollar drops after Fonterra cuts forecast payout

Tuesday, 29 July 2014, 5:12 pm | BusinessDesk

July 29 (BusinessDesk) - The New Zealand dollar fell to the lowest level in almost seven weeks after Fonterra Cooperative Group cut its forecast 2015 milk payout more than some economists had expected, suggesting a bigger impact on the New Zealand ... More >>

Fonterra slashes 2015 milk payout forecast to $6/kgMS

Tuesday, 29 July 2014, 4:47 pm | BusinessDesk

July 29 (BusinessDesk) - Fonterra Cooperative Group cut its forecast 2015 milk price payout by 14 percent, citing a decline in global dairy prices in the face of strong global production, a build-up of inventory in China and falling demand in emerging ... More >>

Pumpkin Patch founder Sally Synnott leaves board

Tuesday, 29 July 2014, 4:28 pm | BusinessDesk

July 29 (BusinessDesk) - Pumpkin Patch founder Sally Synnott is retiring from the childrenswear retailer's board to be replaced by Griffin's Foods executive Josette Prince as the business continues a strategic review to revive falling sales and profit. More >>

Leighton-led WGP to build, manage Transmission Gully

Tuesday, 29 July 2014, 3:29 pm | BusinessDesk

July 29 (BusinessDesk) - The Wellington Gateway Partnership, led by a unit of ASX-listed Leighton Holdings, has won the $1 billion contract to build the Transmission Gully road north of Wellington. More >>

Ross Asset investors on notice over withdrawals

Tuesday, 29 July 2014, 11:36 am | BusinessDesk

July 29 (BusinessDesk) - Investors who managed to withdraw funds in recent years from the Ross Asset Management group of companies, found to be a Ponzi scheme, have been put on notice that the liquidators may try to claw back the cash. More >>

ERoad shares priced at bottom end of range, owners trim sale

Tuesday, 29 July 2014, 11:14 am | BusinessDesk

July 29 (BusinessDesk) - Shares of ERoad have been priced at $3 apiece, the bottom of its proposed range, and existing owners sold less of their holdings as the logistics and fleet management company raises $40 million in new capital to chase growth in ... More >>

Hart's Reynolds mulls ownership of Evergreen, Closures, SIG

Tuesday, 29 July 2014, 10:57 am | BusinessDesk

July 29 (BusinessDesk) - New Zealand billionaire Graeme Hart's Reynolds Group is considering the sale of three units that make up more than a third of his global packaging empire's earnings. More >>

CORRECT: Abano achieves second year of 75% profit growth

Tuesday, 29 July 2014, 9:21 am | BusinessDesk

July 28 (BusinessDesk) - Abano Healthcare, the medical investor that fended off a hostile takeover from its biggest shareholder, posted a 75 percent jump in full-year profit, beating guidance and allowing it to maintain dividend payments for a sixth ... More >>

NZ dollar edges up as traders await swathe of US data

Tuesday, 29 July 2014, 8:44 am | BusinessDesk

July 29 (BusinessDesk) - The New Zealand dollar edged up amid US dollar weakness as traders await key US economic releases in coming days. More >>

While you were sleeping: US pending home sales drop

Tuesday, 29 July 2014, 7:19 am | BusinessDesk

July 29 (BusinessDesk) - Wall Street crawled higher after a disappointing report on housing underpinned concern about the industry’s struggle to recover a day before the US Federal Reserve is starting a two-day policy meeting. More >>

MARKET CLOSE: NZ shares fall ahead of earnings season

Monday, 28 July 2014, 5:46 pm | BusinessDesk

MARKET CLOSE: NZ shares fall ahead of earnings season; Air NZ drops to 3-month low More >>

NZ dollar slips as Key says kiwi over-valued

Monday, 28 July 2014, 5:18 pm | BusinessDesk

July 28 (BusinessDesk) - The New Zealand dollar fell to a month-low after Prime Minister John Key said he agreed with the Reserve Bank that the currency is over-valued and as traders anticipate an announcement from Fonterra Cooperative Group tomorrow which ... More >>

Abano achieves second year of 75% profit growth

Monday, 28 July 2014, 4:45 pm | BusinessDesk

July 28 (BusinessDesk) - Abano Healthcare, the medical investor fending off a hostile takeover from its biggest shareholder, posted a 75 percent jump in full-year profit, beating guidance and allowing it to maintain dividend payments for a sixth straight ... More >>

Too early to predict returns from NZVIF's seed fund: Banga

Monday, 28 July 2014, 4:12 pm | BusinessDesk

July 28 (BusinessDesk) - The government-backed New Zealand Venture Investment Fund says it's still too early to judge the performance of the Seed Co-Investment Fund, which backs early-stage firms alongside angel investors. More >>

UPDATE: Acurity shareholders launch all-cash takeover bid

Monday, 28 July 2014, 12:43 pm | BusinessDesk

July 28 (BusinessDesk) - The three biggest shareholders of Acurity Health Group have launched a cash takeover bid for the 29 percent they don't own, valuing the private hospital operator at $112.2 million, saying the firm faces a big struggle lifting ... More >>

Burger King widens annual losses on rising costs

Monday, 28 July 2014, 12:40 pm | BusinessDesk

July 28 (BusinessDesk) - Blackstone Group's Burger King chain in New Zealand widened its loss in 2013 as rising sales, in an increasingly crowded burger market, were offset by higher costs for raw materials and consumables, and increased property ... More >>

CORRECT: NZX 1H activity shows boosted volume, lower value

Monday, 28 July 2014, 11:53 am | BusinessDesk

(Fixes number of listings in first graph, removes incorrect listing date of CRP and rights issues in third graph) More >>

 

 

InfoPages Links

 
 
 
 
 

LATEST HEADLINES

 
 
 
InfoPages
Search Scoop  
 
 
Powered by Vodafone
NZ independent news