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BusinessDesk - Latest News [Page 1154]

DNZ board seeks 27% boost to directors’ fee pool

Tuesday, 25 June 2013, 1:40 pm | BusinessDesk

June 25 (BusinessDesk) - DNZ Property Fund, which is raising $80 million to help fund two new acquisitions, will ask shareholders to boost the directors’ fee pool by 27 percent, with the board having presided over a surging share price since the ... More >>

MIDDAY UPDATE: Rural Equities moves some supply to Synlait

Tuesday, 25 June 2013, 12:26 pm | BusinessDesk

June 25 (BusinessDesk) – Rural Equities, the Hawkes Bay-based farming group controlled by the Cushing family, has switched about a third of its milk supply to Rakaia-based Synlait Milk, cashing up about half its shares in Fonterra Cooperative Group. More >>

Diligent says no dividend this year, mulls US listing

Tuesday, 25 June 2013, 12:13 pm | BusinessDesk

June 25 (BusinessDesk) - Diligent Board Member Services, whose strong operational performance has been undermined by a slew of administrative errors, won’t pay a dividend this year, preferring to reinvest funds back into the business, and has ... More >>

Facebook NZ’s 2012 service revenue almost doubles

Tuesday, 25 June 2013, 12:03 pm | BusinessDesk

June 25 (BusinessDesk) - Facebook New Zealand, the local unit of the global social media website, almost doubled its revenue last year though costs including a rising wages bill resulted in a net loss. More >>

Augusta MD Francis buys out brother Chris’s stake for $3.8M

Tuesday, 25 June 2013, 10:46 am | BusinessDesk

June 25 (BusinessDesk) - Augusta Capital managing director Mark Francis has bought out his brother’s stake in the listed property investor and fund manager for $3.8 million, taking his holding to almost 18 percent. More >>

Goodman Fielder 2013 earnings will fall on higher marketing

Tuesday, 25 June 2013, 10:43 am | BusinessDesk

June 25 (BusinessDesk) – Goodman Fielder, the biggest food company in Australia and New Zealand, expects full-year normalised earnings to fall after it sold less poultry and spent more on marketing. More >>

Rural Equities switches some milk supply to Synlait

Tuesday, 25 June 2013, 10:25 am | BusinessDesk

June 25 (BusinessDesk) - Rural Equities will switch about one third of its milk supply to Synlait Milk from Fonterra Cooperative Group, allowing the farming group controlled by the Cushing family to shed about half its shares in New Zealand’s biggest company. More >>

Vital Healthcare flags rights issue next month

Tuesday, 25 June 2013, 10:23 am | BusinessDesk

June 25 (BusinessDesk) - Vital Healthcare Property Trust, whose Canadian cornerstone investor is seeking to build its stake, is planning a rights issue next month and has suspended its distribution reinvestment plan for the third-quarter. More >>

NZ dollar little changed; investors mull end to Fed stimulus

Tuesday, 25 June 2013, 9:05 am | BusinessDesk

June 25 (BusinessDesk) – The New Zealand dollar is little changed as investors weigh the impact of a possible reduction in the Federal Reserve’s monetary stimulus. More >>

While you were sleeping: Volatility rules the day

Tuesday, 25 June 2013, 7:28 am | BusinessDesk

June 25 (BusinessDesk) – Stocks on both sides of the Atlantic, US Treasuries and gold fell, though pared some of their earlier losses, amid concern about the reduction of central bank stimulus in the world's largest economy and worry about the prospects ... More >>