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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 1411]
RESEND: TeamTalk lifts first-half profit 15.5% to record
Thursday, 23 February 2012, 3:42 pm | BusinessDesk
Feb. 23 (BusinessDesk) Junior telecommunications company TeamTalk said first-half net profit rose 15.5 percent to a record after very strong first-quarter results and a subdued second quarter. More >>
TeamTalk lifts first-half profit 15.5% to a record
Thursday, 23 February 2012, 3:38 pm | BusinessDesk
Feb. 23 (BusinessDesk) - Abano Healthcare, which invests in specialist health clinics, posted a 53 percent drop in first-half profit after it sold an audio testing business and took one-time charges for IT spending and a debt facility in Australia. More >>
Abano 1H profit falls 53% on audio sale, one-off costs
Thursday, 23 February 2012, 3:31 pm | BusinessDesk
Feb. 23 (BusinessDesk) - Abano Healthcare, which invests in specialist health clinics, posted a 53 percent drop in first-half profit after it sold an audio testing business and took one-time charges for IT spending and a debt facility in Australia. More >>
Kiwibank 1H profit recovers from quake, GFC impacts
Thursday, 23 February 2012, 12:57 pm | BusinessDesk
Feb. 23 (BusinessDesk) – State-owned Kiwibank restored first-half profitability, posting net income of $37.9 million, compared with a slump to $13.9 million a year earlier. More >>
Department of Labour lifts Spring Creek prohibition notice
Thursday, 23 February 2012, 12:24 pm | BusinessDesk
Feb. 23 (BusinessDesk) – The Department of Labour has lifted its prohibition notice on underground operations at Solid Energy’s Spring Creek underground coal mine,. More >>
MIDDAY UPDATE: Port of Tauranga profit, shares hit record
Thursday, 23 February 2012, 12:04 pm | BusinessDesk
Feb. 23 (BusinessDesk) Port of Tauranga, New Zealand’s biggest export port, posted a record first-half profit that beat estimates as container volumes rose and it won business from strike-bound rival Ports of Auckland. The shares rose to an all-time ... More >>
CORRECTION: APN offsets A$45mln FY loss with A$190mln sale
Thursday, 23 February 2012, 12:01 pm | BusinessDesk
Feb. 23 (BusinessDesk) - APN News & Media has posted an A$45.1 million annual net loss and sold half its outdoor advertising business to Quadrant Private Equity for cash proceeds of about A$190 million. More >>
APN offsets A$45mln FY loss with A$190mln from outdoor sale
Thursday, 23 February 2012, 11:55 am | BusinessDesk
Feb. 23 (BusinessDesk) - APN News & Media has posted an A$45.1 million annual net loss and sold half its outdoor advertising business to Quadrant Private Equity for cash proceeds of about A$190 million. More >>
Ports of Tauranga 1H profit, shares rise to record
Thursday, 23 February 2012, 11:31 am | BusinessDesk
Ports of Tauranga 1H profit rises 22% to record; shares reach all-time high $11 More >>
Vital Healthcare returns to 1H profit on Australian income
Thursday, 23 February 2012, 11:09 am | BusinessDesk
Feb. 23 (BusinessDesk) – Vital Healthcare Property Trust, the health clinic investor whose management contract was sold to a Canadian group last year, returned to first-half profit as acquisitions in Australia boosted rental income and it avoided the previous ... More >>
Tourism Holdings returns to profit on RWC, Road Bear
Thursday, 23 February 2012, 10:40 am | BusinessDesk
Feb. 23 (BusinessDesk) – Tourism Holdings, the largest provider of holiday rental vehicles in New Zealand and Australia, returned to profit in the first half after an increase in sales from the Rugby World Cup and first high season profits from ... More >>
Vector earnings up 6.9%, court battles dominate agenda
Thursday, 23 February 2012, 10:14 am | BusinessDesk
Feb. 23 (BusinessDesk) – Vector, the Auckland-based electricity, gas and telecommunications distribution network owner, posted an after-tax profit of $105.3 million for the six months to Dec. 31, up 6.9 percent on the same period a year earlier. More >>
Pastoral Dairy Investments seeks to raise $75M to buy farms
Thursday, 23 February 2012, 10:05 am | BusinessDesk
Feb. 23 (BusinessDesk) - Pastoral Dairy Investments, a company associated with farm management firm MyFarm, plans to raise at least $75 million by selling shares to the public and tapping high-wealth individuals to invest in dairy farms. More >>
From the Farm: Waterfront as battlefield
Thursday, 23 February 2012, 9:07 am | BusinessDesk
Goodness me, the other big port company in the North Island, Port of Tauranga, has become embroiled into its Auckland rival’s labour dispute. More >>
NZ dollar falls as investors mull Greek bailout
Thursday, 23 February 2012, 8:46 am | BusinessDesk
Feb. 23 (BusinessDesk) – The New Zealand dollar fell as investors digest the details of a second bail-out package for Greece and uncertainty about Europe’s future dims investor appetite for higher yields. More >>
While you were sleeping: Economic data caps equities
Thursday, 23 February 2012, 7:44 am | BusinessDesk
Feb. 23 (BusinessDesk) - Equities in Europe and on Wall Street fell as indicators in the euro zone and China tempered optimism about the pace of the global economic recovery. More >>
Maritime Union restates settlement to Ports of Auckland
Wednesday, 22 February 2012, 5:26 pm | BusinessDesk
Feb. 22 (BusinessDesk) – The Maritime Union of New Zealand has restated its settlement offer to the Ports of Auckland to build a framework and deal with all outstanding issues. More >>
CDL Investments lifts FY profit 30% as section sales rise
Wednesday, 22 February 2012, 5:14 pm | BusinessDesk
Feb. 22 (BusinessDesk) - Property company CDL Investments said annual net profit rose 30 percent, reflecting increased sales of sections in Hamilton and Canterbury. More >>
NZ to outperform world trade growth: HSBC
Wednesday, 22 February 2012, 2:41 pm | BusinessDesk
Feb. 22 (BusinessDesk) – New Zealand is on track to outperform world trade growth as increasing demand from Asia and Latin America fuels agricultural exports, say economists for the HSBC bank. More >>
Suncorp ups estimated cost of Christchurch's February quake
Wednesday, 22 February 2012, 1:29 pm | BusinessDesk
Feb. 22 (BusinessDesk) - Australia-based insurer Suncorp Group said an increase in the ultimate claims costs of Christchurch's Feb. 22 earthquake last year has led to it charging a further A$38 million against its first-half results. More >>
