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BusinessDesk
Independent, Trustworthy New Zealand Business News
The Wellington-based BusinessDesk team provides a daily news feed for a serious business audience.
BusinessDesk - Latest News [Page 1102]
Infratil plans $65 mln share buy-back, flags dividend growth
Friday, 27 September 2013, 10:44 am | BusinessDesk
Infratil plans $65 mln share buy-back to plump up price, flags more dividend growth More >>
FMA nudges listed companies over non-standard reporting
Friday, 27 September 2013, 10:29 am | BusinessDesk
Sept. 27 (BusinessDesk) - The Financial Markets Authority can see some signs of improvement in the way listed companies report their earnings with non-standard measures, but expects firms to do better. More >>
Pumpkin Patch turned to a profit in 2013
Friday, 27 September 2013, 10:23 am | BusinessDesk
Pumpkin Patch turned to a profit in 2013; focus on repaying debt amid challenging conditions More >>
NZ dollar advances as higher yields lure investors
Friday, 27 September 2013, 8:40 am | BusinessDesk
Sept. 27 (BusinessDesk) – The New Zealand dollar advanced as weaker data out of the US enticed investors to the higher-yielding local currency. More >>
While you were sleeping: US jobless claims drop
Friday, 27 September 2013, 7:24 am | BusinessDesk
Sept 27 (BusinessDesk) – Wall Street gained after a surprise drop in US jobless claims underpinned expectations the economy is improving albeit at a rate slow enough for the Federal Reserve to maintain its stimulus. More >>
MARKET CLOSE: NZ shares mixed as Hallenstein slips
Thursday, 26 September 2013, 5:52 pm | BusinessDesk
Sept. 26 (BusinessDesk) – New Zealand shares were mixed, keeping the NZX 50 Index at a record high as Sky Network Television continued to benefit from inclusion in Australia’s benchmark index and Hallenstein Glasson Holdings led retailers lower ... More >>
NZ dollar little changed as Fed tapering gloom persists
Thursday, 26 September 2013, 5:07 pm | BusinessDesk
Sept. 26 (BusinessDesk) - The New Zealand dollar was little changed in local trading as investors continue to deal with the gloomy sentiment hanging from the Federal Reserve’s decision not to slow asset purchases last week. More >>
Fidelity to net some $16 mln from KiwiSaver sale
Thursday, 26 September 2013, 1:35 pm | BusinessDesk
Sept. 26 (BusinessDesk) - Fidelity Life Assurance, which bought Tower’s life insurance business for $145 million in cash and liabilities this year, will book about a $16 million gain from the sale of its KiwiSaver assets, according to its latest annual ... More >>
Ex-Rockforte director gets 11 months home detention
Thursday, 26 September 2013, 12:41 pm | BusinessDesk
Sept. 26 (BusinessDesk) - Colin Simpson, a former director of Gisborne-based Rockforte Finance, has been sentenced to 11 months home detention and 200 hours community service in the High Court in Wellington today. More >>
MIDDAY UPDATE: Oracle keeps America’s Cup, NZ shares fall
Thursday, 26 September 2013, 12:24 pm | BusinessDesk
Sept. 27 (BusinessDesk) – US billionaire Larry Ellison’s Oracle syndicate kept the America’s Cup in the final race of the regatta, coming back from a two-point penalty and staring down seven straight opportunities for Emirates Team New Zealand ... More >>
NZ dollar rally may limit profit gains for F&P Healthcare
Thursday, 26 September 2013, 12:03 pm | BusinessDesk
Sept. 26 (BusinessDesk) – Recent gains in the New Zealand dollar may limit profit gains at medical device maker Fisher & Paykel Healthcare Corp., which exports about 99 percent of its products. More >>
Hallenstein shares fall as margin squeeze trims FY earnings
Thursday, 26 September 2013, 11:07 am | BusinessDesk
Sept. 26 (BusinessDesk) - Shares in Hallenstein Glasson fell after the fourth-biggest listed retailer posted an 11 percent slide in annual earnings to near the bottom of its forecast range, as margins at the women’s wear Glasson unit came under pressure. More >>
Hallenstein annual profit falls 11% as Glasson squeezed
Thursday, 26 September 2013, 9:15 am | BusinessDesk
Sept. 26 (BusinessDesk) - Hallenstein Glasson Holdings, the clothing chain, reported an 11 percent fall in annual profit, near the bottom of guidance, as margins at its women’s wear Glasson unit came under pressure. More >>
NZ dollar trades in narrow range
Thursday, 26 September 2013, 8:49 am | BusinessDesk
Sept. 26 (BusinessDesk) – The New Zealand dollar edged up in a tight range as investors weigh the likelihood of Federal Reserve tapering and the outcome of looming US budget negotiations. More >>
While you were sleeping: Wall Street, Wal-Mart drop
Thursday, 26 September 2013, 7:53 am | BusinessDesk
Sept 26 (BusinessDesk) – Wall Street declined amid concern Congress might not make the October 1 deadline for a short-term spending agreement needed to ensure the US government can avert a shutdown. More >>
MARKET CLOSE NZX 50 sets new record; Kathmandu soars
Wednesday, 25 September 2013, 5:56 pm | BusinessDesk
Sept. 25 (BusinessDesk) – New Zealand shares rose, pushing the NZX 50 Index to an all-time high, as Kathmandu’s record earnings prompted analysts to lift their estimates, and investors bought companies with reliable earnings and dividends including ... More >>
Fonterra farmers cheer payouts as dividends held unchanged
Wednesday, 25 September 2013, 5:39 pm | BusinessDesk
Sept. 25 (BusinessDesk) – Fonterra Cooperative Group is promising a record payout to its farmers next year, while keeping dividends unchanged, underlining the competing needs of its suppliers and the investors in its exchange-traded units. More >>
NZ dollar falls on weak trade figures, bad apple export ban
Wednesday, 25 September 2013, 5:17 pm | BusinessDesk
Sept. 25 (BusinessDesk) - The New Zealand dollar extended its decline in local trading after government figures showed the biggest monthly trade deficit in almost five years, and after rotten apple exports into China became the latest unsanitary food ... More >>
Kathmandu at all-time high as analysts upgrade estimates
Wednesday, 25 September 2013, 2:41 pm | BusinessDesk
Kathmandu shares rise to all-time high as analysts upgrade estimates after record annual profit More >>
Hansells Food breaches bank covenant after trademark stoush
Wednesday, 25 September 2013, 2:13 pm | BusinessDesk
Sept. 25 (BusinessDesk) – Hansells Food Group breached a lending covenant with ANZ Bank New Zealand because of a loss of earnings at its Australian subsidiary stemming from a customer’s trademark dispute with another company. More >>
