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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 1115]
Tainui 'inland port' proposal to be fast-tracked
Friday, 30 August 2013, 2:57 pm | BusinessDesk
Aug. 30 (BusinessDesk) - The government has agreed to fast-track resource consent applications by the joint venture between Tainui Group Holdings and Chedworth Properties to construct a $3.3 billion inland transport hub on land at Ruakura, on the outskirts ... More >>
MIDDAY UPDATE: Building consents slip in July
Friday, 30 August 2013, 12:15 pm | BusinessDesk
Aug. 30 (BusinessDesk) – A drop in building permits for apartments in July drove a decline in overall consents last month, though Auckland and Christchurch still reported strong growth. More >>
Postie Plus FY sales fall 10.5%
Friday, 30 August 2013, 11:40 am | BusinessDesk
Postie Plus says it expects significant loss in 2013 earnings as full-year sales fall 10.5% More >>
Goodman Fielder CFO Gannon returns to building sector
Friday, 30 August 2013, 11:36 am | BusinessDesk
Aug. 30 (BusinessDesk) – Goodman Fielder chief financial officer Shane Gannon has resigned, after helping steer Australasia’s biggest food maker back to profit, returning to the building industry as CFO in an overhauled executive team at Mirvac ... More >>
NZ building consents slip 0.8% in July
Friday, 30 August 2013, 11:13 am | BusinessDesk
Aug. 30 (BusinessDesk) - New Zealand building consents fell 0.8 percent last month as a decline in the number of new permits to build apartments undermined growth in intentions to build new houses. More >>
Diligent misses filing date for first-half earnings
Friday, 30 August 2013, 10:39 am | BusinessDesk
Aug. 30 (BusinessDesk) – Diligent Board Member Services, the governance app maker hit by a slew of administrative missteps, has missed a deadline to file earnings with the New Zealand stock exchange while it reworks its accounts for the past three ... More >>
Break-even a decade away for KiwiRail
Friday, 30 August 2013, 10:30 am | BusinessDesk
Break-even a decade away for KiwiRail making up for years of neglect, Quinn says More >>
Xero a fifth of the way to its 1 million customer target
Friday, 30 August 2013, 10:05 am | BusinessDesk
Aug. 30 (BusinessDesk) - Xero, the cloud-based accounting software developer, is a fifth of the way toward it vaunted one million customer mark as it makes inroads into the Australian market. More >>
GuocoLeisure profit falls 43% on smaller Bass Strait royalty
Friday, 30 August 2013, 9:58 am | BusinessDesk
Aug. 30 (BusinessDesk) - GuocoLeisure, the diversified investment company once known as Brierley Investments, reported a 43 percent decline in full-year profit after getting a reduced Bass Strait oil and gas royalty and paying more tax. More >>
Allied Farmers narrows FY loss
Friday, 30 August 2013, 9:27 am | BusinessDesk
Allied Farmers narrows FY loss as ex-Hanover asset sales near end, equity deficit widens More >>
Ports of Auckland returns to profit, wins back business
Friday, 30 August 2013, 8:47 am | BusinessDesk
Aug. 30 (BusinessDesk) - Ports of Auckland, whose operations were disrupted last year in a protracted industrial dispute, returned to profit after writedowns put it in the red last year, lifting revenue at a faster pace than its gains in container ... More >>
CORRECT: A2 FY profit slips on cost of setting up UK JV
Friday, 30 August 2013, 8:45 am | BusinessDesk
CORRECT: A2 FY profit slips on cost of setting up UK joint venture, sales jump 51% as Australia shines More >>
NZ dollar falls as strong US data stokes tapering talk
Friday, 30 August 2013, 8:43 am | BusinessDesk
NZ dollar falls as stronger US data signals Federal Reserve may start tapering in September More >>
While you were sleeping: US growth excels
Friday, 30 August 2013, 7:22 am | BusinessDesk
Aug 30 (BusinessDesk) – Wall Street gained as the US economy grew more than expected in the second quarter, bolstering expectations that the Federal Reserve will start easing its monetary stimulus as the pace of the recovery gathers steam. More >>
MARKET CLOSE: NZ shares gain; Air NZ, A2 up after earnings
Thursday, 29 August 2013, 5:42 pm | BusinessDesk
Aug. 29 (BusinessDesk) – New Zealand shares rose as Air New Zealand and A2 Corp posted earnings growth, and Fonterra Shareholders’ Fund gained a day after the dairy group’s whey protein tested free of a bacteria that could cause botulism. More >>
NZ Shareholders Association to agitate at Rakon AGM
Thursday, 29 August 2013, 5:32 pm | BusinessDesk
Aug. 29 (BusinessDesk) – The New Zealand Shareholders Association will next month vote against the reappointment of Rakon chairman Bryan Mogridge and director Darren Robinson, citing erosion of shareholder wealth and the desire to improve company ... More >>
Maari field shut early for major upgrade
Thursday, 29 August 2013, 5:19 pm | BusinessDesk
Aug. 29 (BusinessDesk) - A gear failure at the floating tanker that takes oil from the Maari offshore Taranaki oil field has forced its closure earlier than a planned shutdown in September, with production now suspended until December. More >>
NZ dollar gains as emerging markets recover
Thursday, 29 August 2013, 5:07 pm | BusinessDesk
Aug. 29 (BusinessDesk) - The New Zealand dollar rose in local trading as stock markets in emerging nations recovered after a sharp sell-off and ahead of likely Western military intervention in Syria and the squaring up of month-end positions on Friday. More >>
Lyttelton Port annual earnings near bottom of guidance
Thursday, 29 August 2013, 4:42 pm | BusinessDesk
Aug. 29 (BusinessDesk) - Lyttelton Port Co, Christchurch’s ocean-going trade hub, reported annual earthquake adjusted earnings near the bottom of its May forecast and down 5.3 percent from a year earlier. More >>
Hellaby FY profit falls 5.8%, meets guidance
Thursday, 29 August 2013, 4:25 pm | BusinessDesk
Aug. 29 (BusinessDesk) – Hellaby Holdings, the diversified investment company, posted a 5.8 percent decline in full-year profit, meeting its guidance, on weaker results from its footwear stores. More >>
