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BusinessDesk - Latest News [Page 1132]

Goodman Property expects to boost payments to unit holders

Tuesday, 6 August 2013, 1:49 pm | BusinessDesk

Aug 6 (BusinessDesk) – Goodman Property Trust, the largest property investor by market value on the NZX, expects to increase payments to unitholders by as much as 2.3 percent in 2014, and signalled further investments are likely. More >>

MIDDAY UPDATE: Investors calm nerves over Fonterra scare

Tuesday, 6 August 2013, 12:07 pm | BusinessDesk

Aug 6 (BusinessDesk) – Investors have shaken off their initial nervousness about the impact of Fonterra Cooperative Group’s food contamination scare, with gains in the share price of the dairy exporter’s Shareholders’ Fund and a recovery ... More >>

Argosy raises $86.9M in rights issue, bookbuild

Tuesday, 6 August 2013, 10:57 am | BusinessDesk

Aug 6 (BusinessDesk) - Argosy Property, which recently bought two Wellington commercial properties, has raised $86.9 million in a rights issue and bookbuild to repay bank debt taken on for its recent acquisitions. More >>

Crown drops charge against ex-SCF finance chief Graeme Brown

Tuesday, 6 August 2013, 10:46 am | BusinessDesk

Aug. 6 (BusinessDesk) - The Crown has dropped its one charge of false accounting against former South Canterbury Finance chief financial officer Graeme Brown. More >>

MetService pays $3 mln for MetOcean stake

Tuesday, 6 August 2013, 10:42 am | BusinessDesk

MetService pays $3 mln for MetOcean stake to gain access to $10 mln marine market More >>

Diligent to restate revenue from past three years

Tuesday, 6 August 2013, 10:36 am | BusinessDesk

Aug 6 (BusinessDesk) - Diligent Board Member Services, the governance app maker hit by a slew of administrative mis-steps, will restate how it has recognised revenue over the past three financial years, delaying publication of second-quarter trading, ... More >>

Connecting business by collaborating on content - Flightdec

Tuesday, 6 August 2013, 8:52 am | BusinessDesk

One of the small ironies of the internet-enabled world is that it is meant to bring communities of interest closer together. More >>

NZ dollar recovers as limited impact seen from Fonterra

Tuesday, 6 August 2013, 8:49 am | BusinessDesk

Aug 6 (BusinessDesk) – The New Zealand dollar recovered some ground on confidence trade with China would not be as severely affected as first thought by a food contamination scare at Fonterra Cooperative Group, the nation’s largest company. More >>

While you were sleeping: Fisher pours cold water

Tuesday, 6 August 2013, 7:51 am | BusinessDesk

Aug 6 (BusinessDesk) – Wall Street slipped from record highs amid comments by a US Federal Reserve official that the central bank should start tapering its bond-buying program next month. More >>

Fonterra couldn't have warned on formula earlier: Spierings

Monday, 5 August 2013, 7:07 pm | BusinessDesk

Aug 5 (BusinessDesk) - The five month gap between traces of an often harmless bacteria being found in a batch of whey powder and the Aug public notification of a botulism risk was unavoidable, says Fonterra's chief executive Theo Spierings. More >>

Fonterra to come under microscope once dust settles: Key

Monday, 5 August 2013, 5:51 pm | BusinessDesk

Aug 5 (BusinessDesk) - Fonterra Cooperative Group, the country’s biggest company, will come under the government microscope once the major issues around a food contamination scare are settled, Prime Minister John Key says. More >>

MARKET CLOSE: NZ shares gain, led by Kathmandu

Monday, 5 August 2013, 5:51 pm | BusinessDesk

Aug 5 (BusinessDesk) – New Zealand shares rose after the kiwi dollar fell, helping companies with offshore sales including Kathmandu, Fisher & Paykel Healthcare, Fletcher Building and Mainfreight. Fonterra Shareholders’ Fund fell in the fall-out ... More >>

NZ dollar slides on Fonterra food scare

Monday, 5 August 2013, 5:38 pm | BusinessDesk

Aug 5 (BusinessDesk) - The New Zealand dollar fell to a one month low as concerns over contamination in Fonterra Cooperative Group dairy product sparked fears over the country’s biggest export commodity. More >>

Fonterra’s Spierings ‘regrets stress and anxiety’

Monday, 5 August 2013, 4:57 pm | BusinessDesk

Aug. 5 (BusinessDesk) – Fonterra Cooperative Group chief executive Theo Spierings has expressed regret at a Chinese media conference for consumer anxiety caused by revelations that batches of whey protein had been contaminated. More >>

NZ Dollar Outlook: Kiwi gains seen overdone, Fonterra weighs

Monday, 5 August 2013, 2:33 pm | BusinessDesk

Aug 5 (BusinessDesk) – The New Zealand dollar may decline this week as some traders deem its recent rise above 80 US cents as overdone and as potential damage to exports from a food contamination scare at dairy giant Fonterra Cooperative Group weighs ... More >>

CORRECT: NZX capital raising hits $1.46 bln in July

Monday, 5 August 2013, 1:31 pm | BusinessDesk

Aug 5 (BusinessDesk) – NZX-listed issuers raised almost $1.46 billion last month, including Ebos Group’s $149 million rights issue to fund its Symbion acquisition, the most in a month since December, though cash trading continued to slow after a ... More >>