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BusinessDesk - Latest News [Page 1113]

Dairy product prices fall 1.1% in latest GDT auction

Wednesday, 4 September 2013, 7:18 am | BusinessDesk

Dairy product prices fall 1.1% in latest GDT auction, volumes hold up after record August More >>

MARKET CLOSE: NZ shares rise, Fletcher at 6-month high

Tuesday, 3 September 2013, 5:51 pm | BusinessDesk

Sept. 3 (BusinessDesk) – New Zealand shares rose for a fourth session as Fletcher Building climbed to a six-month high on tentative signs of recovery in the Australian economy that’s lifted its building product rivals across the Tasman. Michael Hill ... More >>

NZ dollar slips vs. Australian dollar as RBA holds rates

Tuesday, 3 September 2013, 5:18 pm | BusinessDesk

NZ dollar slips vs. Australian dollar after RBA keeps rates on hold, clams up on outlook More >>

RBA keeps rate at 2.5%, drops reference to room to cut more

Tuesday, 3 September 2013, 5:14 pm | BusinessDesk

Australian central bank keeps rate at 2.5%, drops reference to room to cut more More >>

Bathurst raises $18.9m from existing shareholders

Tuesday, 3 September 2013, 4:36 pm | BusinessDesk

Sept. 3 (BusinessDesk) - Would-be coking coal miner Bathurst Resources has raised $18.9 million, before costs, from existing institutional, sophisticated and professional shareholders and is considering offering shares to the rest of its shareholding base ... More >>

Milford Asset emerges as 2nd biggest shareholder in THL

Tuesday, 3 September 2013, 4:35 pm | BusinessDesk

Sept. 3 (BusinessDesk) - Milford Asset Management, with more than $2 billion under management, has emerged as the second-biggest shareholder in Tourism Holdings, building a 14 percent stake in the rental campervan operator. More >>

Synlait Milk hikes forecast farmgate payout to $8/kgms

Tuesday, 3 September 2013, 1:23 pm | BusinessDesk

Sept. 3 (BusinessDesk) - Synlait Milk, the local milk processor which listed on the stock exchange in July, has followed rivals Fonterra Cooperative Group and Westland Milk in hiking its forecast payout to farmers, though it’s keeping its earnings ... More >>

NZ commodity prices rise for second month, led by aluminium

Tuesday, 3 September 2013, 1:21 pm | BusinessDesk

Sept. 3 (BusinessDesk) - New Zealand commodity prices rose for a second month in August, led by aluminium, as global prices rose from a four-year low, and skim milk powder. More >>

Instinct tops evidence in policy-making, says Gluckman

Tuesday, 3 September 2013, 12:20 pm | BusinessDesk

Sept. 3 (BusinessDesk) - The New Zealand public service is in "dire need" of building "basic competencies in research methodologies and critical appraisal skills" to improve the quality of policy advice and outcomes, says the government's ... More >>

MIDDAY UPDATE: Ex-wine boss charged with corruption

Tuesday, 3 September 2013, 12:08 pm | BusinessDesk

Sept. 3 (BusinessDesk) – Former boss of New Zealand Wine Co, Peter Scutts, appeared in the Auckland District Court today, facing corruption charges over kick-backs he allegedly received when he was in charge of the wine company. More >>

Air NZ-Virgin alliance gets five-year extension from ACCC

Tuesday, 3 September 2013, 11:55 am | BusinessDesk

Sept. 3 (BusinessDesk) - Air New Zealand and Virgin Australia’s trans-Tasman alliance has been granted a five-year extension by the Australian antitrust regulator, provided they keep capacity on certain routes. More >>

NZ earnings season meets expectations, outlook pulled back

Tuesday, 3 September 2013, 11:34 am | BusinessDesk

Sept. 3 (BusinessDesk) – New Zealand’s 2013 earnings season met expectations with most companies posting results in line with estimates, although future growth assumptions have been pulled back for the coming two years, brokerage First NZ Capital ... More >>