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BusinessDesk - Latest News [Page 1177]

MARKET CLOSE: NZ shares fall ahead of MRP sale close

Thursday, 2 May 2013, 5:38 pm | BusinessDesk

May 2 (BusinessDesk) – New Zealand shares fell ahead of the close of the MightyRiverPower offer as investors free up funds to participate in the government sale. Skellerup Holdings dropped after cutting its annual profit guidance a second time. More >>

NZ dollar gains vs. Aust after soft Chinese output figures

Thursday, 2 May 2013, 5:07 pm | BusinessDesk

May 2 (BusinessDesk) - The New Zealand dollar gained against its trans-Tasman counterpart in local trading after soft Chinese manufacturing figures weighed more heavily on Australia, with both countries increasingly reliant on exporting commodities to the ... More >>

Talk to us on power, Parker tells business lobby

Thursday, 2 May 2013, 4:33 pm | BusinessDesk

May 2 (BusinessDesk) - Business lobbyists who are calling on the Labour and Green parties to drop their plans for central planning in the electricity sector have made "no effort to contact Labour" on the issue, says the architect of Labour's ... More >>

Hubbard's Aorangi investors can expect their money back

Thursday, 2 May 2013, 3:25 pm | BusinessDesk

May 2 (BusinessDesk) - The statutory managers for the late Allan Hubbard's frozen Aorangi Securities have cut a deal with his widow, Jean, over some $60 million of disputed assets that will return most, if not all, of Aorangi investors' capital ... More >>

NZ commodity prices post record 12.6% surge in April

Thursday, 2 May 2013, 2:48 pm | BusinessDesk

May 2 (BusinessDesk) - New Zealand commodity prices surged last month by the most since the ANZ Commodity Price Index was created in 1986, driven by skim and whole milk powder, butter and cheese. More >>

Bulk of APN cost savings this year to come from NZ media

Thursday, 2 May 2013, 2:41 pm | BusinessDesk

May 2 (BusinessDesk) - APN News & Media, the Australasian publisher of the NZ Herald, is aiming to cut A$25 million of costs this year, with the bulk to come from its New Zealand operations, shareholders were told at the annual meeting in Sydney. More >>

Business leaders issue plea to Labour-Greens on power

Thursday, 2 May 2013, 12:42 pm | BusinessDesk

May 2 (BusinessDesk) - Ten representatives of New Zealand industry, including the lobby group for the biggest power users, are asking the Labour and Green parties to withdraw their interventionist, new electricity policy. More >>

MIDDAY UPDATE: Xero, Diligent slide in early trading

Thursday, 2 May 2013, 12:23 pm | BusinessDesk

May 2 (BusinessDesk) - Shares in tech-darlings Xero and Diligent Board Member Services took a tumble for a second day in morning trading after charging on an upward run in recent weeks. More >>

MIDDAY UPDATE: Xero, Diligent slide in early trading

Thursday, 2 May 2013, 12:14 pm | BusinessDesk

May 2 (BusinessDesk) - Shares in tech-darlings Xero and Diligent Board Member Services took a tumble for a second day in morning trading after charging on an upward run in recent weeks. More >>

Spencer family sells Cardlink to NYSE-listed FleetCor

Thursday, 2 May 2013, 11:39 am | BusinessDesk

May 2 (BusinessDesk) - The Spencer family, whose fortune was originally built on the Caxton paper empire, has sold its CardLink Systems fuel card programme to New York Stock Exchange-listed FleetCor Technologies for an undisclosed sum. More >>

Skellerup cuts earnings forecast as drought hits agri unit

Thursday, 2 May 2013, 9:25 am | BusinessDesk

May 2 (BusinessDesk) - Skellerup, the industrial rubber goods maker, has cut its annual earnings guidance for a second time after the drought across the North Island sapped demand at its agri business as farmers put off buying until next season. More >>

NZ dollar sinks as weak US jobs data saps risk sentiment

Thursday, 2 May 2013, 8:49 am | BusinessDesk

NZ dollar sinks as weak US jobs data saps global risk sentiment, dairy prices fall in Fonterra auction More >>

Dairy product prices fall for first time in 10 GDT auctions

Thursday, 2 May 2013, 8:35 am | BusinessDesk

May 2 (BusinessDesk) – Prices of dairy products fell for the first time in 10 GlobalDairyTrade auctions, led by the whole and skim milk powder as the volume on offer gained for a second session from a two-year low. More >>

While you were sleeping: Data overshadows Fed

Thursday, 2 May 2013, 7:33 am | BusinessDesk

May 2 (BusinessDesk) – The latest US economic data were disappointing, more than offsetting the decision by Federal Reserve policy makers to stick with their program of purchasing US$85 billion of bonds a month to bolster growth. More >>

MARKET CLOSE: NZ shares fall; Xero, Ryman drop from highs

Wednesday, 1 May 2013, 5:41 pm | BusinessDesk

May 1 (BusinessDesk) – New Zealand shares fell as market shooting stars such as Xero and Ryman Healthcare retreated from record highs, while Kathmandu, A2 Corp and Fonterra Shareholders’ Fund advanced. More >>

NZ dollar holds near 2-week high after China PMI; Fed looms

Wednesday, 1 May 2013, 5:16 pm | BusinessDesk

May 1 (BusinessDesk) - The New Zealand dollar held near a two-week high after Chinese manufacturing figures weren't as bad as investors may have feared, and ahead of the Federal Reserve's monetary policy where it's expected to hold firm on its low interest ... More >>