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BusinessDesk - Latest News [Page 1040]

Heartland stock halted pending announcement

Friday, 14 February 2014, 9:46 am | BusinessDesk

Feb. 14 (BusinessDesk) – Heartland New Zealand, whose shares reached a post-listing high this week, was halted from trading pending an announcement to the stock exchange. More >>

NZ dollar rises against weather-weakened greenback

Friday, 14 February 2014, 9:06 am | BusinessDesk

Feb 14 (BusinessDesk) – The New Zealand dollar rose as weaker US retail sales and concerns about disruption to the economy from winter storms weighed on the greenback. More >>

While you were sleeping: Time Warner Cable jumps

Friday, 14 February 2014, 7:29 am | BusinessDesk

Feb 14 (BusinessDesk) – Wall Street moved higher, as a surprise deal for Comcast to buy Time Warner Cable offset a drop in Cisco shares and weaker-than-expected US retail sales and weekly jobless claims. More >>

MARKET CLOSE: NZ shares up; Turners Auctions beats guidance

Thursday, 13 February 2014, 6:02 pm | BusinessDesk

Feb. 13 (BusinessDesk) – New Zealand stocks rose as Turners Auctions beat its earnings guidance and investors looked ahead to results from jeweller Michael Hill International and Vital Healthcare Property Trust tomorrow. More >>

NZ dollar reaches almost 2-week high vs. Aussie on jobs data

Thursday, 13 February 2014, 5:37 pm | BusinessDesk

Feb. 13 (BusinessDesk) - The New Zealand dollar rose to the highest in almost two weeks against the Australian dollar after figures showed Australia’s jobless rate climbed to a 10-year high last month and that economy shed jobs. More >>

South Port 1H profit weaken as warehouse returns ebb

Thursday, 13 February 2014, 5:06 pm | BusinessDesk

Feb. 13 (BusinessDesk) – South Port New Zealand, which operates the wharves at Bluff in Southland, posted a 7.7 percent drop in first-half profit, as a rise volumes of cargo such as fertiliser, stock feeds and logs was offset by lower returns from ... More >>

S&P sees stable bank asset quality as interest rates rise

Thursday, 13 February 2014, 2:30 pm | BusinessDesk

NZ banks expected to maintain sound asset quality as interest rates rise, S&P says More >>

Cooks Global Foods jumps 13% on Esquires expansion plan

Thursday, 13 February 2014, 12:26 pm | BusinessDesk

Feb. 13 (BusinessDesk) – Shares in Cooks Global Foods, which has the global franchise rights for Esquires Coffee Houses outside of New Zealand, Australia and Canada, jumped 13 percent after the company detailed expansion plans for the coffee chain in the ... More >>

NZ manufacturing extends expansion for 16th month

Thursday, 13 February 2014, 11:49 am | BusinessDesk

Feb. 13 (BusinessDesk) - New Zealand manufacturing activity expanded for a 16th straight month in January, driven by new orders and production, suggesting the relatively strong kiwi dollar hasn’t been enough to dent activity. More >>

Turners Auctions beats annual profit forecast; shares rise

Thursday, 13 February 2014, 11:06 am | BusinessDesk

Turners Auctions beats annual profit forecast; shares rise to highest in more than eight years More >>

Regulator affirms view Christchurch Airport prices too high

Thursday, 13 February 2014, 10:49 am | BusinessDesk

Feb. 13 (BusinessDesk) – Christchurch International Airport’s targeted returns over the next two decades are too high and its pricing lacks transparency, the Commerce Commission says, affirming an interim view published in October. More >>

NZ dollar falls to week low against pound on BoE forecasts

Thursday, 13 February 2014, 9:10 am | BusinessDesk

NZ dollar falls to week low against pound after Bank of England ups growth forecasts More >>

While you were sleeping: Procter & Gamble downgrade

Thursday, 13 February 2014, 7:39 am | BusinessDesk

Feb 13 (BusinessDesk) – Wall Street edged lower as Procter & Gamble cut its earnings forecast because of the recent slides in emerging markets currencies, prompting concern more US companies will follow suit. In afternoon trading in New York, the ... More >>

MARKET CLOSE: NZ shares rise as SkyCity meets guidance

Wednesday, 12 February 2014, 5:57 pm | BusinessDesk

Feb. 12 (BusinessDesk) – New Zealand stocks rose as SkyCity Entertainment Group met guidance with first-half earnings hurt by a strong kiwi dollar. Hallenstein Glasson Holdings and Fletcher Building led the advance. More >>

Auckland Airport shareholders vote for capital return

Wednesday, 12 February 2014, 5:36 pm | BusinessDesk

Feb. 12 (BusinessDesk) – Shareholders of Auckland International Airport, the nation’s busiest gateway, have overwhelmingly voted in favour of plans by the nation’s busiest gateway to return $454 million in capital via a share cancellation, with 60 percent ... More >>