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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 1130]
RESEND: Turners and Growers almost triples 1H profit
Thursday, 8 August 2013, 5:38 pm | BusinessDesk
RESEND: Turners and Growers almost triples 1H profit, says annual earnings profit will beat 2012 More >>
Turners & Growers more than doubles 1H profit
Thursday, 8 August 2013, 5:31 pm | BusinessDesk
Aug. 8 (BusinessDesk) - Turners & Growers, the fruit marketer controlled by Germany’s BayWa, more than doubled first-half profit as its export business reaped bigger sales from North America. More >>
NZ dollar dips vs. Australian dollar after China trade data
Thursday, 8 August 2013, 5:06 pm | BusinessDesk
Aug 8 (BusinessDesk) - The New Zealand dollar declined against its trans-Tasman counterpart after Chinese trade figures beat expectations, stoking optimism Australia’s biggest trading partner won’t slow any further. More >>
Fonterra says no signs yet of loss of business
Thursday, 8 August 2013, 3:59 pm | BusinessDesk
Aug 8 (BusinessDesk) – Fonterra Cooperative Group hasn’t seen any signs of customers reducing their business and says it is too soon to say whether the costs of dealing with the contamination will result in a charge against earnings. More >>
Callaghan Innovation quits telescope contract
Thursday, 8 August 2013, 3:33 pm | BusinessDesk
Aug 8 (BusinessDesk) - The government's new innovation agency has begun culling commercial activity that either doesn't fit its future operations or is judged to be unsustainable. More >>
Dorchester holders asked to approve early note conversion
Thursday, 8 August 2013, 3:32 pm | BusinessDesk
Aug 8 (BusinessDesk) - Shareholders of Dorchester Pacific will be asked at this month’s annual meeting to allow an early conversion of notes giving the Business Bakery and Hugh Green Investments control of the financial services firm, sign off on a 20 percent ... More >>
NZ property values rise at 8.1% annual pace in July: QV
Thursday, 8 August 2013, 1:13 pm | BusinessDesk
NZ property values rise at 8.1% annual pace in July on demand in Auckland, Christchurch More >>
Vector may beat guidance for FY 2013, but 2014 tougher
Thursday, 8 August 2013, 12:21 pm | BusinessDesk
Aug. 8 (BusinessDesk) – Vector, the electricity and gas lines company, is likely to beat its guidance in 2013 with a modest uplift in operating earnings but 2014 results will fall as regulated price cuts bite and it sells less cheap Kapuni gas. More >>
New smelter power deal allows for faster closure
Thursday, 8 August 2013, 12:20 pm | BusinessDesk
Aug 8 (BusinessDesk) - The Tiwai Point aluminium smelter's major owner, Rio Tinto, has won the ability to close the plant more quickly than in the contracts it has managed to overturn in favour of a new deal announced today. More >>
MIDDAY UPDATE: Govt hands over $30 mln to keep Bluff Smelter
Thursday, 8 August 2013, 12:08 pm | BusinessDesk
Aug 8 (BusinessDesk) – The government has stumped up $30 million as part of a deal to keep the Tiwai Point aluminium smelter open, which will see the smelter’s owners get prices returned to pre-2013 levels and linked to any increase in the metal’s ... More >>
Green light imminent for Bathurst's Escarpment mine
Thursday, 8 August 2013, 11:43 am | BusinessDesk
Aug 8 (BusinessDesk) - Bathurst Resources says it's received notice from the Environment Court that it will approve the company's long-delayed and environmentally controversial application to do open-cast mining for coking coal on the Denniston Plateau. More >>
Diligent shares surge after broker upgrades rating
Thursday, 8 August 2013, 11:31 am | BusinessDesk
Aug 8 (BusinessDesk) – Shares in Diligent Board Member Services, the governance app maker hit by a slew of administrative mis-steps, surged after brokerage Craigs Investment Partners upgraded its recommendation to ‘buy’ from ‘hold’, saying ... More >>
Telco law review not enough to save Chorus dividends:m broke
Thursday, 8 August 2013, 11:19 am | BusinessDesk
Aug. 8 (BusinessDesk) - Chorus’s board will probably have to cut its return to shareholders with promising signs in a government review of telecommunications law still likely to leave a hole in the network operator’s earnings, according to a ... More >>
Tiwai Point smelter safe to Jan 2017 under new power deal
Thursday, 8 August 2013, 9:37 am | BusinessDesk
Aug 8 (BusinessDesk) - Meridian Energy has had to give up previously negotiated price increases and the government has chipped in with a $30 million "incentive payment" to keep the Tiwai Point aluminium smelter open until at least January 2017. More >>
Australia’s Perpetual swoops on beat-up Fonterra units
Thursday, 8 August 2013, 9:17 am | BusinessDesk
Aug 8 (BusinessDesk) - ASX-listed fund manager Perpetual has used Fonterra Cooperative Group’s food scare to trawl for cheap units in the dairy exporter’s listed fund. More >>
NZ dollar gains as confidence returns after Fonterra scare
Thursday, 8 August 2013, 8:48 am | BusinessDesk
Aug 8 (BusinessDesk) – The New Zealand dollar advanced as investors increased their holdings of the local currency following a sell off earlier in the week on concern about the impact of a food contamination scare on the New Zealand economy. More >>
While you were sleeping: Wall Street falls
Thursday, 8 August 2013, 7:43 am | BusinessDesk
Aug 8 (BusinessDesk) – Wall Street slid for a third day amid comments from Cleveland Fed President Sandra Pianalto that the US jobs market had shown “meaningful improvement”. More >>
MARKET CLOSE: NZ shares fall with Tower, Diligent
Wednesday, 7 August 2013, 5:50 pm | BusinessDesk
Aug 7 (BusinessDesk) – New Zealand shares fell, led by Tower and Diligent Board Members Services as the insurer flagged new capital requirements and the IT firm continued to sink in the wake of its revenue restatements. More >>
NZ dollar holds gains as Fonterra food scare contained
Wednesday, 7 August 2013, 5:19 pm | BusinessDesk
Aug 7 (BusinessDesk) - The New Zealand dollar held its gains in the local trading session as the furore over Fonterra Cooperative Group’s tainted whey protein appears to be contained, and as local jobs figures show continuing improvement in the labour ... More >>
Fonterra launches probe into food scare
Wednesday, 7 August 2013, 4:53 pm | BusinessDesk
Aug. 7 (BusinessDesk) - Fonterra Cooperative Group, the world’s biggest dairy exporter, has launched an investigation into a food contamination scare after accounting for the potentially tainted product. More >>
