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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 1168]
Acurity annual earnings fall less than expected
Monday, 27 May 2013, 9:52 am | BusinessDesk
May 27 (BusinessDesk) - Acurity Health Group, the private hospital operator formerly known as Wakefield Health, reported a smaller decline in annual earnings than forecast, while warning subdued demand for private sector health was making it difficult to ... More >>
Fonterra scales back over-subscribed farmer supply offer
Monday, 27 May 2013, 9:28 am | BusinessDesk
May 27 (BusinessDesk) - Fonterra Cooperative Group, the world’s biggest dairy exporter, has scaled back its offer to farmer shareholders to sell the economic rights of their shares into the Shareholders’ Fund. More >>
NZ dollar rises to highest in 4-12 years against Aussie
Monday, 27 May 2013, 9:26 am | BusinessDesk
NZ dollar rises to highest in 4-12 years against Aussie on interest rates, growth outlook More >>
NZ dollar rises to highest in 4-12 years against Aussie
Monday, 27 May 2013, 9:25 am | BusinessDesk
NZ dollar rises to highest in 4-12 years against Aussie on interest rates, growth outlook More >>
Z Energy names Contact Energy’s Chris Day as CFO
Monday, 27 May 2013, 9:13 am | BusinessDesk
May 27 (BusinessDesk) - Z Energy, the petrol station chain planning an initial public offering, named Contact Energy financial controller Chris Day as its new chief financial officer. More >>
US retailers weighing on orange roughy prices, Sanford says
Friday, 24 May 2013, 6:12 pm | BusinessDesk
May 24 (BusinessDesk) – Prices for orange roughy are at their lowest in 3-4 years, partly as a result of some US retailers boycotting the species because of concerns about the sustainability of the fishery, Sanford says. More >>
MARKET CLOSE: NZ shares drop on profit taking, Fed jitters
Friday, 24 May 2013, 6:10 pm | BusinessDesk
May 24 (BusinessDesk) – New Zealand shares tumbled as investors took advantage of weaker Chinese growth and hints of a possible end to quantitative easing in the US to take profits on companies that have propelled the NZX 50 Index to record highs ... More >>
NZ dollar faces more downside
Friday, 24 May 2013, 5:14 pm | BusinessDesk
May 24 (BusinessDesk) - The New Zealand dollar will likely fall below 80 US cents next week as an improving US economy and growing speculation the Federal Reserve will start unwinding its asset purchase programme spurred supporters for the greenback. More >>
NZ Sugar Company boosts profits on higher exports
Friday, 24 May 2013, 3:08 pm | BusinessDesk
May 24 (BusinessDesk) – New Zealand Sugar Company, which operates the iconic pink Chelsea Sugar refinery on Auckland’s Waitemata Harbour, boosted profit last year as it benefitted from higher exports and lower costs. More >>
Greymouth Petroleum shucks off disaffected shareholder
Friday, 24 May 2013, 2:40 pm | BusinessDesk
May 24 (BusinessDesk) - Minnow oil and gas player Greymouth Petroleum is preparing to welcome a new 14 percent shareholder on its share register after winning a High Court action brought by the company's former chief operating officer, John Sturgess. More >>
Lance Wiggs's Punakaiki Fund mulls $50 million IPO
Friday, 24 May 2013, 2:10 pm | BusinessDesk
Lance Wiggs's Punakaiki Fund mulls $50 million IPO to invest in high-growth companies More >>
Ecoya ekes out small annual profit, EBITDA up 26%
Friday, 24 May 2013, 2:03 pm | BusinessDesk
May 24 (BusinessDesk) - Ecoya, which is changing its name to Trilogy International, eked out a small profit as underlying earnings climbed 26 percent on the strength of its skincare product range. More >>
Snakk raises $6.5M in over-subscribed issue
Friday, 24 May 2013, 1:06 pm | BusinessDesk
May 24 (BusinessDesk) - Snakk Media, the latest brainchild of Hyperfactory co-founder Derek Handley, has raised $6.5 million from an over-subscribed share purchase plan and private placement, which it will use both to fund its expansion and potentially ... More >>
SFO charges seven people over mortgage fraud
Friday, 24 May 2013, 12:07 pm | BusinessDesk
May 24 (BusinessDesk) - The Serious Fraud Office has charge seven people over a series of alleged mortgage frauds between July 2007 and December 2010. More >>
NZ trade surplus misses expectations on petrol imports
Friday, 24 May 2013, 10:52 am | BusinessDesk
May 24 (BusinessDesk) - New Zealand’s trade surplus in April was smaller than expected as a rise in petroleum imports more than offset increasing meat exports after farmer culled their livestock during this year’s drought. More >>
While you were sleeping: Cautious calm returns
Friday, 24 May 2013, 7:04 am | BusinessDesk
May 24 (BusinessDesk) – Wall Street was mixed, paring sharp early losses after disappointing data from China and a slump in Japanese stocks outweighed better-than-expected reports on US jobs and housing. More >>
Dominion Finance’s Cropp jailed for 2 years 7 months
Thursday, 23 May 2013, 5:46 pm | BusinessDesk
May 23 (BusinessDesk) - Paul Cropp, the former chief executive of failed lenders Dominion Finance and North South Finance, has been jailed for two years and seven months after being convicted on fraud charges last month. More >>
NZ dollar falls to 8-month low after Chinese PMI
Thursday, 23 May 2013, 5:10 pm | BusinessDesk
NZ dollar falls to 8-month low after Chinese manufacturing contracts, Bernanke says watch the data More >>
Veolia Transport almost doubles FY profit
Thursday, 23 May 2013, 2:34 pm | BusinessDesk
May 22 (BusinessDesk) Veolia Transport Auckland, which runs the city's urban passenger trains, almost doubled its annual profit last year after it changed the way it does business. Veolia, a unit of Paris-based Veolia Transdev, posted a profit of $1.99 ... More >>
F&P Healthcare shares at highest in over 2 yrs on outlook
Thursday, 23 May 2013, 1:48 pm | BusinessDesk
F&P Healthcare shares jump to highest in more than 2 years on profit outlook More >>
