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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 1304]
Kordia returns to profit, beats guidance
Wednesday, 29 August 2012, 1:38 pm | BusinessDesk
Aug. 29 (BusinessDesk) - Kordia Group, the state-owned communications company, returned to profit as a shift away from relying on broadcast transmission fees underpinned sales growth, and beat its own guidance in the 2012 Statement of Corporate Intent. More >>
Queenstown Airport FY profit up 13% on passenger growth
Wednesday, 29 August 2012, 1:35 pm | BusinessDesk
Aug. 29 (BusinessDesk) - Queenstown Airport posted a 13.3 percent gain in full-year profit after an increase in passenger numbers helped lift commercial activities, such as retail, rental cars and car parking. More >>
ClearView in ASX trading halt pending statement on offer
Wednesday, 29 August 2012, 12:35 pm | BusinessDesk
Aug. 29 (BusinessDesk) - ASX-listed financial services firm ClearView Wealth, half-owned by Guinness Peat Group, has asked for trading in its shares to be halted pending an announcement on a potential takeover offer. More >>
KiwiRail misses SCI targets for revenue, earnings
Wednesday, 29 August 2012, 12:10 pm | BusinessDesk
Aug. 29 (BusinessDesk) - KiwiRail, the state-owned railway company, missed its statement of corporate intent targets for full-year revenue and earnings because of weaker-than-expected returns from its passenger and Interislander units. More >>
MIDDAY UPDATE: KiwiRail results miss target
Wednesday, 29 August 2012, 12:09 pm | BusinessDesk
Aug. 29 (BusinessDesk) - KiwiRail, the state-owned railway company, missed its statement of corporate intent targets for full-year revenue and earnings because of weaker-than-expected returns from its passenger and Interislander units. More >>
Hannah on SMEs: Watch out Google
Wednesday, 29 August 2012, 11:03 am | BusinessDesk
Aug. 28 (BusinessDesk) - I don't hide the fact that I'm a technophobe. My smartphone, laptop and GPS give me a headache. Heck, sometimes even Google isn't simple enough. More >>
Renaissance takes legal action against Exeed over sale
Wednesday, 29 August 2012, 11:00 am | BusinessDesk
Aug 29 (BusinessDesk) - Renaissance Corp, which used to have a monopoly on New Zealand sales of Apple products, will take legal action against Exeed over unresolved details of the sale of its IT distribution division. More >>
Mercer narrows FY loss, forecasts return to profit in 2013
Wednesday, 29 August 2012, 10:18 am | BusinessDesk
Aug. 29 (BusinessDesk) - Mercer Group, the stainless steel fabricator, narrowed its full-year loss on an increase in its stainless division and is forecasting a return to profit in 2013. More >>
Port of Tauranga posts record FY profit, lifts dividend
Wednesday, 29 August 2012, 10:04 am | BusinessDesk
Aug. 29 (BusinessDesk) - Port of Tauranga, whose shares rose to an all-time high this week, posted a 26 percent gain in full-year profit to a record and predicted more earnings growth in 2013 on rising volumes of freight. More >>
GPG sinks back into the red on Coats' fine
Wednesday, 29 August 2012, 10:02 am | BusinessDesk
GPG sinks back into the red on Coats' fine; pace of asset sales too slow More >>
Tui partners targeting by-passed Pateke North, PPP says
Wednesday, 29 August 2012, 9:58 am | BusinessDesk
Aug. 29 (BusinessDesk) - The Tui oilfield partners are considering drilling a new production well in the Pateke North lobe structure, which has so far not been penetrated, 10 percent Tui shareholder Pan Pacific Petroleum reports. More >>
Delegat's profit falls 22% on lower harvest; beats guidance
Wednesday, 29 August 2012, 9:45 am | BusinessDesk
Aug. 29 (BusinessDesk) - Winemaker Delegat's Group's full year profit fell 22 percent after higher rainfall and cooler than usual growing conditions resulted in a lower harvest and drop in sales. More >>
Wellington Drive says profit in 2013 ‘challenging’
Wednesday, 29 August 2012, 9:30 am | BusinessDesk
Aug. 29 (BusinessDesk) - Wellington Drive Technologies, which makes energy-efficient motors, narrowed its first-half loss and said achieving a profit in 2013, its first since listing in 2001, will be “challenging” given the weak outlook for Europe More >>
NZ dollar falls vs euro after EU hints at Spanish rescue
Wednesday, 29 August 2012, 8:29 am | BusinessDesk
NZ dollar falls to 2 1/2-month low vs euro after EU hints at Spanish rescue More >>
While you were sleeping: Eyes on Bernanke
Wednesday, 29 August 2012, 7:33 am | BusinessDesk
August 29 (BusinessDesk) – Wall Street was mixed as investors by and large chose to remain on the sidelines in anticipation of Federal Reserve Chairman Ben Bernanke's address to a conference of central bankers in Jackson Hole, Wyoming at the end of ... More >>
World Economic Forum dubs NZ's Lanzatech ‘future-changing'
Wednesday, 29 August 2012, 6:35 am | BusinessDesk
Aug. 29 (BusinessDesk) - Auckland-based biofuels pioneer Lanzatech has been tipped by the influential World Economic Forum as "an industry-changing company with the potential to transform the future More >>
Food and fuel price shocks possible, says NZIER
Wednesday, 29 August 2012, 6:33 am | BusinessDesk
Aug. 28 (BusinessDesk) - Sharply higher prices for oil and basic foods could see prices rising at the supermarket in New Zealand by early next year, says the New Zealand Institute of Economic Research in its latest quarterly predictions. More >>
MARKET CLOSE: NZ shares rise; Port of Tauranga, AIA, NZX up
Tuesday, 28 August 2012, 5:39 pm | BusinessDesk
Aug. 28 (BusinessDesk) - New Zealand shares rose, paced by Port of Tauranga and Auckland International Airport ahead of their full-year results this week. Goodman Fielder gained after selling its Integro unit for A$170 million. More >>
Susan Couch denied trial by jury in $500k damages claim
Tuesday, 28 August 2012, 5:27 pm | BusinessDesk
Susan Couch denied trial by jury in $500k Crown damages claim over murderer William Bell More >>
NZ dollar edges lower after Fonterra cuts 2013 forecast
Tuesday, 28 August 2012, 5:25 pm | BusinessDesk
Aug. 28 (BusinessDesk) - The New Zealand dollar slipped after local dairy exporter Fonterra Cooperative Group cut its 2013 forecast payout to farmers, citing falling commodity prices and a strong currency. More >>
