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BusinessDesk - Latest News [Page 1251]

Sanford FY profit falls 6.7% on charges; sales growth stalls

Wednesday, 28 November 2012, 4:20 pm | BusinessDesk

Sanford annual profit falls 6.7% on mussel farm restructuring; US law suit take toll More >>

Air NZ reiterates 2013 pretax earnings to more than double

Wednesday, 28 November 2012, 3:37 pm | BusinessDesk

Nov. 28 (BusinessDesk) - Air New Zealand, the airline slated for a selldown by its government owner, has reiterated its target for full-year earnings to more than double, driven by a rebound in the first six months of the year. The shares rose after the ... More >>

Visy loses bid to challenge Appeal Court ruling on cartel

Wednesday, 28 November 2012, 1:29 pm | BusinessDesk

Visy loses bid to challenge Appeal Court ruling, will have to settle cartel case in High Court More >>

Canterbury rebuild to stoke manufacturing, Wheeler says

Wednesday, 28 November 2012, 1:15 pm | BusinessDesk

Nov. 28 (BusinessDesk) - The $30 billion rebuild of New Zealand's second-biggest city should help revive a lagging domestic manufacturing sector, which is typically linked to the construction industry, according to Reserve Bank governor Graeme Wheeler. More >>

Kerr too busy to attend Pyne Gould AGM, focuses on Perpetual

Wednesday, 28 November 2012, 1:13 pm | BusinessDesk

Nov. 28 (BusinessDesk) – Pyne Gould Corp said its managing director and controlling shareholder George Kerr is too busy closing the sale of wealth manager Perpetual Group to attend the company’s annual meeting in Auckland today. More >>

UPDATE: Pharmacybrands shares gain to three-week high

Wednesday, 28 November 2012, 12:22 pm | BusinessDesk

(Update includes share price in lead and 3rd graph, fixes reference to acquisition charge in 2nd graph) More >>

A2 mulls capital structure in face of growth opportunities

Wednesday, 28 November 2012, 12:19 pm | BusinessDesk

Nov. 28 (BusinessDesk) - A2 Corp, which markets milk products with a protein variant claimed to have health benefits, indicated its capital structure is under review as the company considers growth opportunities. More >>

MIDDAY UPDATE: Yellow Pages writes off goodwill

Wednesday, 28 November 2012, 12:17 pm | BusinessDesk

Nov. 28 (BusinessDesk) - Directories company Yellow Pages has written of the value of its goodwill completely, tipping its profitable trading operation into the red. More >>

NZ Oil & Gas buys into three Taranaki permits from Octanex

Wednesday, 28 November 2012, 10:10 am | BusinessDesk

Nov. 28 (BusinessDesk) - New Zealand Oil & Gas has agreed to acquire interests in three offshore Taranaki permits from ASX-listed Octanex for US$12.5 million plus a share of seismic costs. More >>

Auckland Airport flags $100 mln bond offer

Wednesday, 28 November 2012, 9:49 am | BusinessDesk

Nov. 28 (BusinessDesk) - Auckland International Airport, the country's major gateway, plans to launch a $100 million bond offer and has asked for early expressions of interest. More >>

Pharmacybrands boosts 1H profit 52% on 2011 acquisitions

Wednesday, 28 November 2012, 9:33 am | BusinessDesk

Nov. 28 (BusinessDesk) - Pharmacybrands, the retail pharmacy and medical centre company, lifted first-half profit 52 percent on little-changed sales with the bottom line bolstered by a full six-month contribution from Radius Pharmacy and Radius Medical, ... More >>

A2 Corp halts shares pending statement

Wednesday, 28 November 2012, 9:27 am | BusinessDesk

Nov. 28 (BusinessDesk) - A2 Corp, which markets milk products with a protein variant claimed to have health benefits, had its shares halted from trading pending a statement. More >>

NZ dollar falls as focus shifts to fiscal cliff talks

Wednesday, 28 November 2012, 9:09 am | BusinessDesk

Nov. 28 (BusinessDesk) - The New Zealand dollar fell as investors sharpened their focus on the stalled negotiations between US policymakers on how to prevent US$607 billion in automatic spending cuts and tax hikes, which may push the world's biggest ... More >>

Tourism Holdings forecasts first-half loss on merger costs

Wednesday, 28 November 2012, 9:06 am | BusinessDesk

Nov. 28 (BusinessDesk) - Tourism Holdings, which merged its campervan rental business with two rivals last month, forecast a first-half loss on costs of the transaction and changes to accounting treatment of its US fleet. More >>

Yellow Pages still awash in red ink, writes off goodwill

Wednesday, 28 November 2012, 7:24 am | BusinessDesk

Nov. 27 (BusinessDesk) - Yellow Pages, the directory company whose lenders seized control in 2010, was tipped into the red in the latest financial year by writedowns that wiped out remaining goodwill. More >>

While you were sleeping: Americans grow more confident

Wednesday, 28 November 2012, 7:16 am | BusinessDesk

Nov. 28 (BusinessDesk) – US consumer confidence rose to a four-year high this month adding to evidence from Thanksgiving weekend retail sales that suggests Americans are shaking off their torpor. More >>

MARKET CLOSE: NZ shares mixed; Wrightson gains

Tuesday, 27 November 2012, 5:45 pm | BusinessDesk

Nov. 27 (BusinessDesk) - New Zealand shares were mixed. PGG Wrightson rose to the highest in more than a month after the sale of Fonterra units underlined the appeal of the rural sector, while Kiwi Income Property Trust fell after shedding its dividend. More >>