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BusinessDesk - Latest News [Page 1323]

Frucor tax battle over convertible notes escalates

Wednesday, 1 August 2012, 12:30 pm | BusinessDesk

Aug 1 (BusinessDesk) - Frucor Beverages' battle with the Inland Revenue Department over the treatment of its optional convertible notes escalated this year, with the drinks maker filing papers in the High Court and the tax department launching a back-up ... More >>

MIDDAY UPDATE: NZ dollar holds near 81 US cents

Wednesday, 1 August 2012, 12:04 pm | BusinessDesk

Aug. 1 (BusinessDesk) - The New Zealand dollar held near a three-month high amid speculation policymakers from the European Central Bank and the Federal Reserve will announce additional policy measures to shore up the global economy. More >>

VMob back-door listing has merit if Asian markets pay off

Wednesday, 1 August 2012, 11:50 am | BusinessDesk

Aug. 1 (BusinessDesk) - VMob's proposed back-door listing on the NZAX has merit provided the smart-phone voucher application software firm can tap Southeast Asian markets and secure more funding to get it past the start-up phase, according to the independent ... More >>

Argosy Property cuts borrowing costs, lifts size of facility

Wednesday, 1 August 2012, 11:45 am | BusinessDesk

Aug 1 (BusinessDesk) - Argosy Property, whose shareholders agreed to corporatise the company after buying out its ANZ Bank-owned manager last year, has renegotiated its syndicated bank facility, increasing the amount it can borrow and reducing costs. More >>

Landcorp to boost dividend after record milk production

Wednesday, 1 August 2012, 11:20 am | BusinessDesk

Aug. 1 (BusinessDesk) - Landcorp, the country's biggest farming company, is poised to pay a fatter annual return to the government after operating earnings beat forecast by almost two thirds on record milk production. More >>

Dairy Holding's Colin Armer quits Fonterra board

Wednesday, 1 August 2012, 11:17 am | BusinessDesk

Aug. 1 (BusinessDesk) - Colin Armer, who with his wife Dale controls New Zealand's biggest dairy farm operation Dairy Holdings, has suddenly quit the board of Fonterra Cooperative Group just one week after a new chairman-elect was appointed. More >>

Low hydro inflows knock Meridian's fourth quarter results

Wednesday, 1 August 2012, 11:17 am | BusinessDesk

Aug 1 (BusinessDesk) - The lowest inflows in 79 years to two of Meridian Energy's two key hydro catchments saw New Zealand's largest electricity generator cut generation sharply in the three months to June 30. More >>

Hannah on SMEs: are you earthquake-prone?

Wednesday, 1 August 2012, 9:13 am | BusinessDesk

July 31 (BusinessDesk) - On Monday, Prime Minister John Key and Earthquake Recovery Minister Gerry Brownlee unveiled the rebuild blueprint for Christchurch. It sees the city divided into precincts for health, arts and entertainment, retail, and the ... More >>

CORRECT: NZ dollar holds near 81cents as central banks meet

Wednesday, 1 August 2012, 9:02 am | BusinessDesk

Aug 1 (BusinessDesk) - The New Zealand dollar held near a three-month high amid speculation policymakers from the European Central Bank and the Federal Reserve will announce additional policy measures to shore up the global economy. More >>

NZ dollar holds near 81 US cts as central bank meetings loom

Wednesday, 1 August 2012, 8:31 am | BusinessDesk

Aug 1 (BusinessDesk) - The New Zealand dollar held-near a three-month high amid speculation policymakers from the European Central Bank and the Federal Reserve will announce additional policy measures to shore up the global economy. More >>

While you were sleeping: US confidence remains low

Wednesday, 1 August 2012, 7:41 am | BusinessDesk

August 1 (BusinessDesk) – Wall Street was mixed as investors awaited a fresh catalyst from central banks in the US, Europe and the UK. Meanwhile, US corporate earnings and economic data were a mixed bag. More >>

Ravensdown cracks $1 bln FY sales as margins stay skinny

Tuesday, 31 July 2012, 5:46 pm | BusinessDesk

July 31 (BusinessDesk) - Ravensdown Fertiliser Cooperative, which supplies close to half the country's agricultural fertiliser, racked up more than $1 billion in sales in its latest financial year, even as it absorbed volatile international urea ... More >>

MARKET CLOSE: NZ shares rise; Telecom, Ryman, Fletcher gain

Tuesday, 31 July 2012, 5:31 pm | BusinessDesk

July 31 (BusinessDesk) - New Zealand’s NZX 50 Index rose to the highest in more than two months, led by Telecom, Ryman Healthcare and Fletcher Building on optimism that central bank meetings in Europe and America will help stimulate global growth. More >>

NZ dollar gains on China steel stimulus as policymakers meet

Tuesday, 31 July 2012, 5:21 pm | BusinessDesk

NZ dollar gains as China mulls tax rebate for local steel sector; Fed, ECB meetings loom More >>

Ryman's 1Q ahead of last year; 28th village in Petone

Tuesday, 31 July 2012, 3:16 pm | BusinessDesk

July 31 (BusinessDesk) - Retirement village builder and operator Ryman Healthcare says first quarter trading is ahead of last year and it plans to build its 28th retirement village in Petone in the Hutt Valley. More >>

Fonterra's ex-chief Andrew Ferrier to chair NZTE

Tuesday, 31 July 2012, 2:22 pm | BusinessDesk

July 31 (BusinessDesk) - The New Zealand government has secured the services of Andrew Ferrier, the former chief executive of Fonterra Cooperative Group, the country's only multi-national company of global scale, to chair the board of New Zealand Trade ... More >>

Elworthy-managed fund spends $2M on Gisborne land

Tuesday, 31 July 2012, 2:17 pm | BusinessDesk

July 31 (BusinessDesk) - Craigmore Forestry Fund, which is managed by Forbes Elworthy's Craigmore Sustainables, paid $2 million for 511 hectares land it wants to convert into forestry, as it looks to build plantations down the east coast of the North ... More >>