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BusinessDesk - Latest News [Page 1117]

NZ govt says bacteria in Fonterra whey 'no risk to public'

Wednesday, 28 August 2013, 4:44 pm | BusinessDesk

Aug. 28 (BusinessDesk) – The Ministry for Primary Industries says its own testing of Fonterra Cooperative Group’s whey protein concentrate shows it contained bacteria that don’t produce neurotoxins. More >>

Menzies Aviation seeks approval to buy Skystar

Wednesday, 28 August 2013, 4:02 pm | BusinessDesk

Aug. 28 (BusinessDesk) - Menzies Aviation (New Zealand), an airport baggage handling services arm of UK’s John Menzies Plc, is seeking antitrust approval to buy the Skystar Airport Services unit at Christchurch and Dunedin airports as part of a 7.7 ... More >>

Metlifecare undervalued compared with peers: Devon's Glass

Wednesday, 28 August 2013, 3:45 pm | BusinessDesk

Aug. 28 (BusinessDesk) – Metlifecare, New Zealand’s second-largest listed retirement village operator, is undervalued versus its peers Ryman Healthcare and Summerset Group Holdings and has scope to rise, according to a fund manager. More >>

NZ milk powder stalled at Bangladesh border

Wednesday, 28 August 2013, 3:38 pm | BusinessDesk

Aug. 28 (BusinessDesk) – Bangladesh has become the latest country to halt imports of New Zealand milk powder as it conducts tests for excessive levels of nitrates. More >>

Woolworths’ NZ Countdown chain lifts FY earnings 3.5%

Wednesday, 28 August 2013, 3:09 pm | BusinessDesk

Aug. 28 (BusinessDesk) - Australian supermarket chain Woolworths lifts annual earnings at its New Zealand Countdown stores by 3.5 percent as it grabbed market share in a “challenging” trading environment. More >>

MRP ends 2012 year ahead of forecast, lifting dividend hopes

Wednesday, 28 August 2013, 2:30 pm | BusinessDesk

Aug. 28 (BusinessDesk) – MightyRiverPower, the energy company that went public in May after the government sold half its stake, has stoked optimism it will beat its prospectus forecast for shareholder returns in 2014 after finishing the 2013 ... More >>

Godfrey Hirst appeals court ruling on Cavlier warranties

Wednesday, 28 August 2013, 1:35 pm | BusinessDesk

Aug. 28 (BusinessDesk) – Godfrey Hirst New Zealand, the local unit of the Geelong, Australia-based carpet maker, is appealing a High Court judgment on warranties for a new synthetic range of carpets made by rival Cavalier Corp, saying the carpet industry ... More >>

Shares in F&P Healthcare third-best performer on NZX50

Wednesday, 28 August 2013, 12:44 pm | BusinessDesk

Shares in Fisher & Paykel Healthcare third-best performer on NZX 50 after raising earnings forecast More >>

Productivity Commission focuses on where markets have failed

Wednesday, 28 August 2013, 12:39 pm | BusinessDesk

Aug. 28 (BusinessDesk) - The Productivity Commission has released an issues paper outlining a raft of questions it wants answers to as it probes the country’s regulatory regime, and will have a keen eye on regulation where markets have failed. More >>

MIDDAY UPDATE: First Fonterra food scare report coming today

Wednesday, 28 August 2013, 12:03 pm | BusinessDesk

Aug. 28 (BusinessDesk) - The first official report into the Fonterra food scare, where bacteria were found in some whey protein concentrate, is set to be released today as the bevy of investigations into the contamination gather speed. More >>

GPG focuses on cost cutting as restructuring plan delayed

Wednesday, 28 August 2013, 10:34 am | BusinessDesk

Aug. 28 (BusinessDesk) - Guinness Peat Group is focussing on cutting costs as an investigation by the UK pensions regulator delays its plan to wind up most of its investments and focus on threadmaker Coats. More >>

MightyRiver profit jumps, beating prospectus, as sales fall

Wednesday, 28 August 2013, 10:06 am | BusinessDesk

Aug. 28 (BusinessDesk) – MightyRiverPower posted a gain in full-year profit of almost 70 percent, beating its prospectus forecast in what is a credibility test for a company whose shares have languished since their listing in May. More >>

SLI Systems posts smaller FY loss than prospectus forecast

Wednesday, 28 August 2013, 10:06 am | BusinessDesk

Aug. 28 (BusinessDesk) - SLI Systems, the search engine software developer, posted a slightly smaller annual loss than forecast in its May offer document as it sees signs of life in new Japanese and Brazilian markets, and kept more customers on its ... More >>

Tenon turns profitable on EBITDA basis, US housing recovers

Wednesday, 28 August 2013, 10:01 am | BusinessDesk

Tenon turns profitable on EBITDA basis as US housing recovers, aims to double earnings in 2014 More >>

Abano seeks $18.5 mln in share purchase plan, placement

Wednesday, 28 August 2013, 9:08 am | BusinessDesk

Abano seeks $18.5 mln in share purchase plan, placement to institutions at 8.6% discount More >>

MPI to release first report on Fonterra food scare today

Wednesday, 28 August 2013, 8:47 am | BusinessDesk

Aug. 28 (BusinessDesk) - The Ministry for Primary Industries will release its first report into the Fonterra Cooperative Group food scare later today as government officials and the dairy exporter undertake several investigations to get to the bottom of the ... More >>