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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 1408]
Cue Energy nearly triples 1H profit on forex gains
Wednesday, 29 February 2012, 10:04 am | BusinessDesk
Feb. 29 (BusinessDesk) - Cue Energy Resources, the oil and gas company, nearly tripled first-half net profit, largely reflecting foreign exchange gains. More >>
Auckland Airport 1H profit rises 5.5%
Wednesday, 29 February 2012, 9:55 am | BusinessDesk
Auckland Airport 1H profit rises 5.5%; FY result to be at high end of guidance More >>
Summerset misses IPO profit forecast on tax adjustments
Wednesday, 29 February 2012, 9:13 am | BusinessDesk
Feb. 29 (BusinessDesk) – Summerset Group, the retirement village operator and developer that listed in November, missed its forecast for annual profit due to tax adjustments, but beat expectations for underlying earnings by 35 percent. More >>
NZ dollar falls ahead of ECB lending, mixed US data
Wednesday, 29 February 2012, 8:49 am | BusinessDesk
Feb. 29 (BusinessDesk) – The New Zealand dollar fell ahead of the European Central Bank second round of lending, business confidence at home and after mixed US economic figures. More >>
While you were sleeping: US consumer lifts Wall Street
Wednesday, 29 February 2012, 7:30 am | BusinessDesk
Feb. 29 (BusinessDesk) - Wall Street advanced as a report indicated US consumers were more confident than anticipated. Limiting gains, however, were separate data showing bigger-than-expected declines in durable goods orders and in home prices. More >>
MARKET CLOSE: NZ shares gain; Goodman Fielder soars
Tuesday, 28 February 2012, 6:06 pm | BusinessDesk
Feb. 28 (BusinessDesk) - New Zealand shares rose as Singapore's Wilmar International emerged as a 10 percent holder of Goodman Fielder, underlining the appeal of the region's companies to offshore buyers. Rakon and Tower paced gainers. More >>
NZ dollar holds gains; Finns, Dutch prepare for Greek vote
Tuesday, 28 February 2012, 5:05 pm | BusinessDesk
NZ dollar holds gains as Finns, Dutch prepare to vote on Greek package, ECB lending looms More >>
PPP returns to 1H profit on high oil prices
Tuesday, 28 February 2012, 4:57 pm | BusinessDesk
Feb. 28 (BusinessDesk) – Pan Pacific Petroleum, the dual-listed minority shareholder in the Tui oil field, returned to first-half profit on rising global oil prices. More >>
UPDATED: Global palm oil trader mulls bigger Goodman stake
Tuesday, 28 February 2012, 4:46 pm | BusinessDesk
Feb. 28 (BusinessDesk) – Wilmar International, the world’s biggest palm oil trader, is considering pushing for a bigger stake in Australasian food ingredients maker Goodman Fielder after building up a 10.1 percent holding in the company. More >>
Former RBNZ officials lose battle for bigger pensions
Tuesday, 28 February 2012, 2:01 pm | BusinessDesk
Feb. 28 (BusinessDesk) – A group of former Reserve Bank senior employees have lost their bid to back-date superannuation adjustments to 1992, when the Employment Contracts Act overrode pre-existing collective labour contracts. More >>
SkyCity’s Morrison unaware of Echo assets being for sale
Tuesday, 28 February 2012, 1:37 pm | BusinessDesk
Feb. 28 (BusinessDesk) - SkyCity Entertainment Group, the casino and hotel operator, says it is unaware of the assets of Australian-based hospitality and gaming company, Echo Entertainment being up for sale and it focused on its own business. More >>
NZ Windfarms posts smaller first-half loss
Tuesday, 28 February 2012, 1:21 pm | BusinessDesk
Feb. 28 (BusinessDesk) –NZ Windfarms, which operates 97 turbines in the Te Rere Hau wind farm, reported a smaller first-half loss as electricity sales jumped, making up for lower-than-average wind flows and one-time costs to defend Environment Court ... More >>
Federal Pacific takes cornerstone stake in Geneva Finance
Tuesday, 28 February 2012, 1:00 pm | BusinessDesk
Feb. 28 (BusinessDesk) – Federal Pacific Group, a financial services group with ties to Ireland’s Fexco, has taken a cornerstone stake in GFNZ Group, formerly known as Geneva Finance, and arranged new funding lines for the automobile lender. More >>
MIDDAY UPDATE: Weak Aussie profits hurt NZ companies
Tuesday, 28 February 2012, 11:52 am | BusinessDesk
Feb. 28 (BusinessDesk) – Australia profits for some of New Zealand’s biggest companies are suffering with the downturn across the Tasman and a soaring currency, the latest earnings season shows. More >>
Diligent produces 2nd successive quarterly operating profit
Tuesday, 28 February 2012, 10:59 am | BusinessDesk
Feb. 28 (BusinessDesk) - Diligent Board Member Services, the New York-based software company, produced its second successive quarterly operating profit in the December period as annual sales surged 116 percent. More >>
Wilmar seeks 10% stake in Goodman Fielder
Tuesday, 28 February 2012, 10:36 am | BusinessDesk
Feb. 28 (BusinessDesk) – Wilmar International, the world’s biggest palm oil trader, is targeting a 10 percent stake in Goodman Fielder and has registered interest in the food ingredients maker’s assets that may be put on the block. Goodman shares ... More >>
Six years of deficits push Otago Rugby toward liquidation
Tuesday, 28 February 2012, 10:23 am | BusinessDesk
Feb. 28 (BusinessDesk) – The Otago Rugby Union’s looming liquidation comes after six years of deficits for the club as dwindling ticket sales and mounting debt squeezed the life out of the sports administrator. More >>
RESEND: Weak profits show Australian slowdown hurts NZ firms
Tuesday, 28 February 2012, 10:14 am | BusinessDesk
Feb. 27 (BusinessDesk) – Australia may be the biggest export market and destination for New Zealanders but the earnings season suggests it isn’t such a lucky country for the nation’s biggest companies in the face of a weakening economy and soaring ... More >>
Weak earnings show Australia's economy weighing on NZ firms
Tuesday, 28 February 2012, 10:06 am | BusinessDesk
Feb. 27 (BusinessDesk) – Australia may be the biggest export market and destination for New Zealanders but the earnings season suggests it isn’t such a lucky country for the nation’s biggest companies in the face of a weakening economy and soaring ... More >>
NZ dollar rallies almost 1 US cent ahead of ECB lending
Tuesday, 28 February 2012, 8:50 am | BusinessDesk
Feb. 28 (BusinessDesk) – The New Zealand dollar gained almost 1 US cent as investors position themselves ahead of European Central Bank lending and after German lawmakers approved Greek aid. More >>
