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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 1119]
Chorus lifts capex, projects flat-to-lower 2014 earnings
Monday, 26 August 2013, 1:07 pm | BusinessDesk
Aug. 26 (BusinessDesk) - Shares in Chorus fell after the telecommunications network operator spent more on capital projects, including the national fibre network, than analysts were picking and as it predicted flat to lower earnings in the coming financial ... More >>
Delegat’s shares at 4-month low as earnings miss estimates
Monday, 26 August 2013, 12:59 pm | BusinessDesk
Aug. 26 (BusinessDesk) –Shares in Delegat’s Group, the New Zealand winemaker which has been snapping up the distressed assets of rivals, slumped 7.2 percent to a four-month low after weaker than expected earnings. More >>
Wynyard on track to meet prospectus target for FY sales: CEO
Monday, 26 August 2013, 12:52 pm | BusinessDesk
Aug 26 (BusinessDesk) – Wynyard Group, the software company spun off from Jade Software last month, is on track to meet its prospectus forecast for full-year sales after posting its interim results, said managing director Craig Richardson. More >>
MIDDAY UPDATE: Chinese officials keep NZ dairy on wharves
Monday, 26 August 2013, 12:11 pm | BusinessDesk
Aug. 26 (BusinessDesk) – New Zealand dairy products ranging from milk powder to cheese are being held up on Chinese wharves as port officials figure out what extra testing should be applied. More >>
NZ posts biggest trade deficit in 10 months as imports jump
Monday, 26 August 2013, 11:34 am | BusinessDesk
Aug. 26 (BusinessDesk) – New Zealand recorded its biggest trade deficit in 10 months in July, driven by a jump in imports of crude oil and helicopters while exports fell. More >>
Delegat’s FY profit gains 62% as vineyard asset value rises
Monday, 26 August 2013, 10:31 am | BusinessDesk
Delegat’s posts 62 percent gain in annual profit as value of vineyards, grapes increase More >>
Fletcher names Bolt as general counsel, replacing Farrell
Monday, 26 August 2013, 10:03 am | BusinessDesk
Aug. 26 (BusinessDesk) - Fletcher Building, the biggest company on the NZX 50 Index, has tapped the head of its legal department as general counsel to replace Martin Farrell, who leaves the group after 33 years including 13 in his current role. More >>
Heartland FY profit slides 71% to $6.9 mln on charges
Monday, 26 August 2013, 9:44 am | BusinessDesk
Heartland FY profit slides 71% to $6.9 mln on charges to take distressed assets in-house More >>
Chorus flags flat-to-weaker underlying earnings in 2014
Monday, 26 August 2013, 9:26 am | BusinessDesk
Chorus flags flat-to-weaker underlying earnings in 2014 after small annual gain this year More >>
Mainfreight gets 8.2M euro settlement from Bosman owners
Monday, 26 August 2013, 9:15 am | BusinessDesk
Aug. 26 (BusinessDesk) – Mainfreight will drop a compensation claim against the former owners of Wim Bosman in exchange for an 8.2 million euro payment after the European transport business lost a key customer shortly after being acquired in 2011. More >>
NZ dollar gains on concern weak US housing may slow tapering
Monday, 26 August 2013, 9:01 am | BusinessDesk
Aug. 26 (BusinessDesk) – The New Zealand dollar advanced after weaker than expected US housing sales data raised concerns the Federal Reserve may not start tapering its monetary stimulus next month. More >>
NZ dairy products delayed at Chinese ports as tests debated
Monday, 26 August 2013, 7:02 am | BusinessDesk
Aug. 26 (BusinessDesk) - New Zealand dairy products ranging from milk powder to mozzarella cheese are being held on the wharves at Chinese ports as officials debate what form of additional testing should be applied following Fonterra Cooperative Group’s ... More >>
MARKET CLOSE: NZ shares falls after Telecom, Sky TV earnings
Friday, 23 August 2013, 5:43 pm | BusinessDesk
Aug. 23 (BusinessDesk) – New Zealand shares fell after Telecom and Sky Network Television posted earnings and some investors sold Fletcher Building at a three-month high. More >>
NZ dollar heads for 3.3% weekly fall as central banks talk
Friday, 23 August 2013, 5:14 pm | BusinessDesk
NZ dollar heads for 3.3 percent weekly fall as central banks talk, emerging markets slide More >>
Skellerup shares rise to four-month high on earnings outlook
Friday, 23 August 2013, 4:56 pm | BusinessDesk
Skellerup shares rise to four-month high on earnings outlook, Craigs upgrades stock to buy More >>
Regional ports grapple with ship size, connectivity
Friday, 23 August 2013, 3:59 pm | BusinessDesk
Aug. 23 (BusinessDesk) – Regional ports are struggling to cope with a rapid rise in the average size of container ships calling in New Zealand. More >>
UPDATED: Fonterra halts Sri Lanka operations after protests
Friday, 23 August 2013, 3:51 pm | BusinessDesk
Aug. 23 (BusinessDesk) – Fonterra Cooperative Group says it has suspended its consumer operations in Sri Lanka, where sales of its products have been temporarily banned from sale, because of nationalist protests outside its local offices. More >>
Fonterra closes Sri Lanka consumer operations after protests
Friday, 23 August 2013, 3:34 pm | BusinessDesk
Aug 23 (BusinessDesk) – Fonterra Cooperative Group says it has suspended its consumer operations in Sri Lanka, where sales of its products have been temporarily banned from sale, because of protests outside its local offices. More >>
MONEY TALKS: Lessons in leadership
Friday, 23 August 2013, 2:44 pm | BusinessDesk
Aug. 23 (BusinessDesk) – Earnings season always holds one particularly awful day for me, and this time round it was Telecom’s annual result. More >>
Metlifecare turns to a profit in 2013 after merger
Friday, 23 August 2013, 1:32 pm | BusinessDesk
Aug 23 (BusinessDesk) – Metlifecare, New Zealand’s second-largest listed retirement village operator and developer, turned to a profit in 2013 as it benefited from a larger business following the merger with Vision Senior Living and Private Life Care ... More >>
