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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 1123]
MARKET CLOSE: NZ shares gain; Contact, Precinct rise
Tuesday, 20 August 2013, 5:38 pm | BusinessDesk
Aug. 20 (BusinessDesk) – New Zealand shares rose as investors cheered earnings growth at Contact Energy and Precinct Properties, while Auckland International Airport climbed ahead of its results tomorrow. More >>
NZ dollar falls to week-low on LVR restriction details
Tuesday, 20 August 2013, 5:09 pm | BusinessDesk
NZ dollar falls to week-low after Wheeler imposes loan restrictions; RBA open to more rate cuts More >>
NZ inflation expectations pick up in RBNZ’s September survey
Tuesday, 20 August 2013, 3:53 pm | BusinessDesk
Aug. 20 (BusinessDesk) - New Zealand inflation expectations have bounced back from a 14-year low in the Reserve Bank’s latest survey of business managers as governor Graeme Wheeler moves to take pressure off monetary policy by imposing tough home ... More >>
Ebos meets prospectus forecast with 5.5% gain in FY profit
Tuesday, 20 August 2013, 3:38 pm | BusinessDesk
Aug. 20 (BusinessDesk) – Ebos Group, which has been 40 percent owned by Zuellig Group since issuing shares to the Hong Kong-based investor as part of its $1.1 billion purchase of Symbion, posted a 5.5 percent gain in annual profit, meeting its prospectus ... More >>
Coca Cola Amatil drives NZ costs lower, local earnings gain
Tuesday, 20 August 2013, 3:21 pm | BusinessDesk
Aug. 20 (BusinessDesk) - Coca-Cola Amatil, one of the world’s top five Coke bottlers, has posted a 10.4 percent increase in first-half earnings in New Zealand and Fiji due to cost-cutting while it posted a 10.1 percent fall in profit in Australia. More >>
Meridian IPO inducements may attract retail investors
Tuesday, 20 August 2013, 2:48 pm | BusinessDesk
Aug. 20 (BusinessDesk) – Government inducements to buy into Meridian Energy’s float via two payments and a price cap for retail investors are likely to attract kiwis spooked by the dismal market performance of MightyRiverPower, brokers and fund ... More >>
NZ dollar, rate falls after RBNZ details LVR limits
Tuesday, 20 August 2013, 2:48 pm | BusinessDesk
Aug. 20 (BusinessDesk) – The New Zealand dollar fell about half a US cent and interest rates dropped after Reserve Bank governor Graeme Wheeler detailed the bank’s plans to curb high loan-to-value home lending, which could potentially slow the pace of ... More >>
RBNZ’s Wheeler imposes low equity lending limits from Oct. 1
Tuesday, 20 August 2013, 2:43 pm | BusinessDesk
RBNZ’s Wheeler imposes low equity lending limits from October, reducing need for rate hike More >>
Sanford faces three charges relating to illegal oil dumping
Tuesday, 20 August 2013, 2:21 pm | BusinessDesk
Aug 20 (BusinessDesk) – Sanford, New Zealand’s largest listed fishing company, faces three charges relating to illegal dumping of oil into the sea. More >>
Contact lifts dividends as it abandons uneconomic windfarms
Tuesday, 20 August 2013, 2:18 pm | BusinessDesk
Aug. 20 (BusinessDesk) – Contact Energy is not ruling out further dividend increases after completing a geothermal project and halting $2 billion of wind-powered projects it had on its books. More >>
NZ reputation will bounce back: ANZ's chief China economist
Tuesday, 20 August 2013, 2:07 pm | BusinessDesk
Aug. 20 (BusinessDesk) - Honest disclosure of the Fonterra infant milk botulism scare will stand New Zealand's reputation as a food producer in good stead in the long run, although the country's reputation for safe food has taken a short term hit, ... More >>
MIDDAY UPDATE: Merdidian IPO will be sold in two tranches
Tuesday, 20 August 2013, 12:27 pm | BusinessDesk
Aug. 20 (BusinessDesk) – The government will sell down its holding in Meridian Energy via instalment receipts, allowing investors to pay 60 percent of the offer price in the first tranche with the aim of a listing in early November, Prime Minister ... More >>
Investors to pay 60% of Meridian IPO price in first tranche
Tuesday, 20 August 2013, 11:58 am | BusinessDesk
Aug. 20 (BusinessDesk) – The government will sell down its holding in Meridian Energy via instalment receipts as investors pay 60 percent of the offer price in the first tranche with the aim of a listing in early November, Prime Minister John ... More >>
Precinct Properties lifts FY earnings by 14%
Tuesday, 20 August 2013, 11:15 am | BusinessDesk
Aug. 20 (BusinessDesk) – Precinct Properties New Zealand, formerly known as AMP NZ Office, boosted full-year net operating income 14 percent as new buildings and higher occupancy levels increased rents. More >>
Marlborough wine region comes through earthquake well
Tuesday, 20 August 2013, 11:08 am | BusinessDesk
Aug. 20 (BusinessDesk) – Vineyards in Marlborough have lost only a small quantity of wine as a result of Friday’s magnitude 6.6 earthquake and are operating as normal. More >>
UPDATE: Contact increases dividend as FY earnings rise
Tuesday, 20 August 2013, 10:29 am | BusinessDesk
Aug. 20 (BusinessDesk) – Contact Energy, the power company controlled by Origin Energy, has increased its annual profit and final dividend and is pulling back from two big wind-powered projects. More >>
Contact increases dividend as FY earnings rise
Tuesday, 20 August 2013, 9:09 am | BusinessDesk
Aug. 19 (BusinessDesk) – Contact Energy, the power company controlled by Origin Energy, increased annual profit before one-time items as it reduced reliance on contracted gas, allowing it to increase its dividend. More >>
NZ dollar falls ahead of RBNZ speech on macro policy
Tuesday, 20 August 2013, 8:37 am | BusinessDesk
Aug. 20 (BusinessDesk) – The New Zealand dollar weakened in anticipation Reserve Bank governor Graeme Wheeler will detail imminent plans to limit low equity house lending, which may reduce the need for interest rate hikes. More >>
While you were sleeping: Investors on Fed watch
Tuesday, 20 August 2013, 7:43 am | BusinessDesk
Aug 20 (BusinessDesk) – Equities and bonds fell as investors await signals from the US Federal Reserve, perhaps later this week, about plans to pare its bond-buying program. More >>
MARKET CLOSE: NZ shares fall as investors raise funds for Z
Monday, 19 August 2013, 5:46 pm | BusinessDesk
MARKET CLOSE: NZ shares fall as investors raise funds for Z; Trade Me, Fletcher drop More >>
