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BusinessDesk - Latest News [Page 1118]

Fonterra hikes forecast farmgate price 30 cts

Tuesday, 27 August 2013, 3:21 pm | BusinessDesk

Aug. 27 (BusinessDesk) - Fonterra Cooperative Group, fending off threats to its international reputation as a safe food producer, has hiked its forecast payout to farmers in the 2014 season by 30 cents on the strength of international dairy prices. More >>

Fisher & Paykel Healthcare raises 2014 earnings forecast

Tuesday, 27 August 2013, 3:17 pm | BusinessDesk

Aug. 27 (BusinessDesk) – Fisher & Paykel Healthcare Corp, which makes breathing masks and respirators, raised its earnings forecast as new products boost sales and widen margins. More >>

Pumpkin Patch’s Di Humphries appointed new chief executive

Tuesday, 27 August 2013, 2:03 pm | BusinessDesk

Aug. 27 (BusinessDesk) - Pumpkin Patch’s merchandise and brand director Di Humphries has been appointed chief executive of the children’s clothing retailer, effective immediately. More >>

Debt-free NZOG will use cash buffer as it hunts for oil

Tuesday, 27 August 2013, 1:36 pm | BusinessDesk

Aug. 27 (BusinessDesk) – New Zealand Oil & Gas says its balance sheet is strong enough to give the company a few more years to find oil to replace declining output from the Kupe and Tui fields. More >>

Sealord sells unprofitable Yuken unit in Argentina

Tuesday, 27 August 2013, 12:56 pm | BusinessDesk

Aug. 27 (BusinessDesk) - Sealord, New Zealand’s second-largest fishing company, has sold its Argentinian unit to local interests for an undisclosed amount, ending a two-year effort to find a buyer and avoiding bankruptcy for the unprofitable business. More >>

MIDDAY UPDATE: Mr Chips bought back into NZ fold

Tuesday, 27 August 2013, 12:13 pm | BusinessDesk

Aug. 27 (BusinessDesk) – Pukekohe vege grower Balle Bros Group has bought back the Mr Chips brand from five years of foreign ownership. More >>

NZ Post FY profit falls 29% on dwindling demand for letters

Tuesday, 27 August 2013, 12:11 pm | BusinessDesk

Aug. 27 (BusinessDesk) – New Zealand Post, the state-owned postal service, reported a 29 percent fall in annual profit as its traditional letters business weakened and it wrote down the value of some postal assets. More >>

2degrees appoints chairman Sherriff as permanent CEO

Tuesday, 27 August 2013, 11:51 am | BusinessDesk

Aug. 27 (BusinessDesk) - Two Degrees Mobile, which has about a fifth of the country’s mobile phone market, appointed chairman Stewart Sherriff as permanent chief executive. More >>

Balle Bros buys Mr Chips from Simplot for undisclosed sum

Tuesday, 27 August 2013, 11:30 am | BusinessDesk

Aug. 27 (BusinessDesk) – Pukekohe-based vegetable grower Balle Bros Group has acquired potato processor Mr Chips from a unit of Boise, Idaho-based JR Simplot for an undisclosed amount. More >>

Fletcher shutters Christchurch plant after asbestos find

Tuesday, 27 August 2013, 11:01 am | BusinessDesk

Aug. 27 (BusinessDesk) - Fletcher Building’s Winstone Wallboards unit has temporarily closed a plasterboard factory in Christchurch after finding traces of asbestos in the building. More >>

Quickflix sees Freeview launch within four months

Tuesday, 27 August 2013, 10:12 am | BusinessDesk

Aug. 27 (BusinessDesk) - Quickflix, the ASX-listed streaming and on-demand video supplier, is working on how to deliver its service on New Zealand’s Freeview platform and expects to launch on the free-to-air portal before the year is out. More >>

NZOG lifts FY profit on lack of impairments as output falls

Tuesday, 27 August 2013, 9:48 am | BusinessDesk

Aug. 27 (BusinessDesk) – New Zealand Oil & Gas posted a 31 percent gain in full-year profit as impairments against its Pike River loans a year earlier weren’t repeated while its Kupe and Tui fields produced less oil. More >>

Wellington Drive narrows 1H loss

Tuesday, 27 August 2013, 9:01 am | BusinessDesk

Aug. 27 (BusinessDesk) - Wellington Drive Technologies, the unprofitable manufacturer of energy efficient motors, narrowed its first-half loss as its new strategy trimmed its costs by 30 percent. More >>

NZ dollar gains after weaker report on US durable goods

Tuesday, 27 August 2013, 8:55 am | BusinessDesk

Aug. 27 (BusinessDesk) – The New Zealand dollar gained after weaker-than-expected US durable goods figures prompted some investors to bet a slower pace of economic growth may prompt the Federal Reserve to push out plans to taper its bond purchases. More >>

Govt mulls adding trade staff in key markets

Monday, 26 August 2013, 5:30 pm | BusinessDesk

Aug. 26 (BusinessDesk) - Government ministers are discussing measures to beef up the number of trade specialists in key export markets as they work out how to prevent a repeat of the recent food scares that have locked out some local dairy products ... More >>