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BusinessDesk - Latest News [Page 1224]

Kathmandu lifts 1H profit by as much as 75% on Aust sales

Friday, 1 February 2013, 10:30 am | BusinessDesk

Feb. 1 (BusinessDesk) - Kathmandu, the outdoor equipment retail chain, boosted first-half profit by as much as 75 percent on the strength of sales across the Tasman. More >>

SkyCity sees potential in the Philippines, no disclosure yet

Friday, 1 February 2013, 9:45 am | BusinessDesk

Feb. 1 (BusinessDesk) - SkyCity Entertainment Group, which recently quit its stake in the Christchurch casino, says the market in the Philippines is "attractive" but nothing needs to be told to shareholders yet. More >>

Briscoe boosts annual profit by at least 9% on strong Xmas

Friday, 1 February 2013, 9:29 am | BusinessDesk

Feb. 1 (BusinessDesk) - Briscoe Group, which operates the Rebel Sport, Briscoe and Living & Giving retail chains, says annual profit climbed by at least 9 percent after boosting sales in the fourth quarter, encompassing the Christmas period. More >>

NZ dollar at 4-month high vs. Aussie following RBNZ comments

Friday, 1 February 2013, 9:06 am | BusinessDesk

Feb. 1 (BusinessDesk) - The New Zealand dollar rose to a four-month high against its Australian counterpart and gained against the greenback after a more upbeat assessment by the Reserve Bank yesterday stoked investors' appetite for the local currency. More >>

While you were sleeping: Dow, UPS disappoint

Friday, 1 February 2013, 7:45 am | BusinessDesk

Feb 1 (BusinessDesk) – Earnings from companies including Dow Chemical and United Parcel Service disappointed as investors await a slew of economic data including the all-important monthly jobs report tomorrow. More >>

MARKET CLOSE: NZ shares climb to new high, Fletcher gains

Thursday, 31 January 2013, 6:11 pm | BusinessDesk

Jan. 31 (BusinessDesk) – New Zealand shares continued their strong run-up since the New Year, with Fletcher Building hitting a new five year high of $9.52, although Fonterra Shareholders Fund units dropped back below $7 for the first time this year ... More >>

Godfrey Hirst buys Oamaru plant, 192 staff on notice

Thursday, 31 January 2013, 5:51 pm | BusinessDesk

Jan. 31 (BusinessDesk) - Godfrey Hirst, the biggest carpet maker in Australia and New Zealand, has bought Oamaru's unprofitable yarn-spinning plant from Japan's Sumitomo Corp, effectively putting 192 staff on notice as it looks at ways to turn the operation ... More >>

NZ dollar tempers gains on RBNZ after S&P eyes slowing Oz

Thursday, 31 January 2013, 5:51 pm | BusinessDesk

NZ dollar tempers gains on RBNZ after S&P links slowing Australian economy to mining More >>

Swedish investors cleared to buy Carter Holt dairy farms

Thursday, 31 January 2013, 5:01 pm | BusinessDesk

Jan. 31 (BusinessDesk) - An unnamed Swedish institution has been cleared to buy eight Waikato dairy farms from local billionaire Graeme Hart's Carter Holt Harvey by the Overseas Investment Office. More >>

Govt reactivates pre-Novopay provider as problems persist

Thursday, 31 January 2013, 2:05 pm | BusinessDesk

Jan. 31 (BusinessDesk) - The government is reactivating its relationship with Datacom, the New Zealand firm that managed teacher payrolls before they were switched to the glitch-plagued Novopay system last year. More >>

Chief Justice floats 25% limitation on partial privatisation

Thursday, 31 January 2013, 1:42 pm | BusinessDesk

Jan. 31 (BusinessDesk) - Chief Justice Sian Elias has floated the prospect of the Supreme Court restraining the government to selling no more than 25 percent of state-owned power companies while it sorts out a long term solution to Maori claims to freshwater ... More >>

Woolworths NZ lifts first-half sales 2.3 percent

Thursday, 31 January 2013, 1:41 pm | BusinessDesk

Jan. 31 (BusinessDesk) - Australian supermarket chain Woolworths, which accounts for about 40 percent of New Zealand's supermarket sales, increased first-half revenue 2.3 percent on this side of the Tasman, even as trading conditions remain tough and ... More >>

Confident consumers start opening wallets

Thursday, 31 January 2013, 12:27 pm | BusinessDesk

Jan. 31 (BusinessDesk) - Four in 10 people plan to raise their credit limit during the next three months as they feel more comfortable about their financial situation and contemplate major purchases. More >>

MIDDAY UPDATE: Wheeler keeps OCR on hold, glowers at housing

Thursday, 31 January 2013, 12:24 pm | BusinessDesk

Jan. 31 (BusinessDesk) - Reserve Bank governor Graeme Wheeler has kept the official cash rate 2.5 percent as expected, though stepped up his rhetoric on a ballooning property market. More >>

Crown ownership not enough to secure Treaty rights: lawyer

Thursday, 31 January 2013, 12:22 pm | BusinessDesk

Jan. 31 (BusinessDesk) - New Zealand's highest court has begun hearing the final stage in a challenge by Maori to require settlement of Treaty of Waitangi claims to freshwater before any partial privatisation of state-owned power companies goes ... More >>