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Independent, Trustworthy New Zealand Business News
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BusinessDesk - Latest News [Page 1571]
Alloway quits board of Allied Farmers, to serve term as CEO
Thursday, 28 April 2011, 4:49 pm | BusinessDesk
April 28 (BusinessDesk) - Rob Alloway has resigned the board of Allied Farmers and will stay on with the company as chief executive until his contract expires. More >>
Diligent reports small operating profit in March quarter
Thursday, 28 April 2011, 1:59 pm | BusinessDesk
April 28 (BusinessDesk) - Startup software company Diligent Board Member Services had positive operating earnings in the March quarter, chairman David Liptak told the annual shareholders' meeting. More >>
Cavotec 1Q sales jump 33%, operating profit soars 77%
Thursday, 28 April 2011, 11:55 am | BusinessDesk
April 28 (BusinessDesk) - Cavotec MSL Holdings said its March quarter revenues rose 33.1% with sales increasing at all its market units, lifting operating profit by 77.1%. More >>
Wallace family makes 'opportunistic' bid for stake in Salvus
Thursday, 28 April 2011, 11:41 am | BusinessDesk
April 28 (BusinessDesk) -The Wallace Family Trust has made an "opportunistic" offer for a fifth of Salvus Strategic Investments Ltd., the investment company looking to wind up its assets and return capital to shareholders. More >>
English cracks whip on policy spending review
Thursday, 28 April 2011, 10:56 am | BusinessDesk
April 28 (BusinessDesk) – Finance Minister Bill English is seeking a detailed plan by June 30 to improve how the government spends money on policy advice after a review found there were inadequate measures for the quality and efficiency of the $520 million ... More >>
Goodman Fielder expects annual profit to fall as much as 24%
Thursday, 28 April 2011, 10:47 am | BusinessDesk
April 28 (BusinessDesk) - Goodman Fielder now expects its full-year net profit could be down as much as 24% on the previous year following a soft March quarter. More >>
Contact’s 1:9 rights issue to fund geothermal plant
Thursday, 28 April 2011, 10:09 am | BusinessDesk
Contact’s 1:9 renounceable rights issue to fund geothermal plant April 28 (BusinessDesk) – Energy generator and retailer Contact Energy Ltd. has announced a one-for-nine renounceable rights issue to raise around $350 million to help fund new geothermal ... More >>
NZ dollar falls after Bollard says kiwi strength ‘unwelcome'
Thursday, 28 April 2011, 9:42 am | BusinessDesk
April 28 (BusinessDesk) - The New Zealand dollar fell about half a U.S. cent after the Reserve Bank kept the office cash rate unchanged at 2.5%, saying the currency’s strength was ‘unwelcome’ and would be a drag on the economy. More >>
Stocks to watch: ARG, NZO, OGC, TEL, THL
Thursday, 28 April 2011, 9:18 am | BusinessDesk
April 28 (BusinessDesk) – The following stocks may be active on the New Zealand exchange after developments since the close of trading. All prices are in New Zealand dollars unless specified. More >>
RBNZ keeps OCR at 2.5% on quake, inflation track
Thursday, 28 April 2011, 9:03 am | BusinessDesk
RBNZ keeps OCR at 2.5% on quake, inflation track, points to signs economy reviving More >>
RBNZ keeps OCR at 2.5% on quake, inflation track
Thursday, 28 April 2011, 9:03 am | BusinessDesk
RBNZ keeps OCR at 2.5% on quake, inflation track, points to signs economy reviving More >>
NZ dollar gains on dovishUS outlook, ahead of OCR
Thursday, 28 April 2011, 8:32 am | BusinessDesk
April 28 (BusinessDesk) - The New Zealand dollar rose after the dovish assessment of the state of the U.S. economy by Federal Reserve saw markets continue to bet against the greenback. That comes ahead of today's Official Cash Rate announcement, where ... More >>
MARKET CLOSE: NZ stocks rise, property investors favoured
Wednesday, 27 April 2011, 6:06 pm | BusinessDesk
April 27 (BusinessDesk) - New Zealand stocks rose, as some investors capitalised on a post-Easter holiday lull to increase their positions in high yielding property stocks. Argosy Property Trust paced gainers, while Rakon Ltd. fell. More >>
Heavy rains force big Waikato hydro spill
Wednesday, 27 April 2011, 6:04 pm | BusinessDesk
by Pattrick Smellie April 27 (BusinessDesk) – Heavy North Island rainfall in the first three months of the year forced state-owned electricity generator MightyRiverPower Ltd. to spill 14% of the total volume of water that passed through its Waikato River ... More >>
Big confidence bounce-back from February quake
Wednesday, 27 April 2011, 1:50 pm | BusinessDesk
April 27 (BusinessDesk) – Business confidence is rebounding this month, led by Canterbury businesses, which had the stuffing knocked out of them following the Feb. 22 earthquake, according to the National Bank’s monthly Business Outlook survey. More >>
Budget 2011: NZ’s recovery path 'highly uncertain': OECD
Wednesday, 27 April 2011, 12:26 pm | BusinessDesk
The impact of the Christchurch earthquakes will “retard the recovery and make the outlook highly uncertain,” the Organisation for Economic Cooperation and Development says in its latest review of New Zealand. More >>
Stocks to watch: BTU, NZS, RBC, TPW, WHS, WTL
Wednesday, 27 April 2011, 9:36 am | BusinessDesk
April 27 (BusinessDesk) – The following stocks may be active on the New Zealand exchange after developments since the close of trading. All prices are in New Zealand dollars unless specified. More >>
Bathurst outlines tight timetable to start mining
Wednesday, 27 April 2011, 9:19 am | BusinessDesk
April 27 (BusinessDesk) – Resource consent hearings for Buller coal project developer Bathurst Resources Ltd.’s Escarpment Mine Project will be held in June, keeping alive the prospect of the company commencing mining before the end of the year. More >>
Rubicon stake in ArborGen to be diluted to 27% after US IPO
Wednesday, 27 April 2011, 9:13 am | BusinessDesk
April 27 (BusinessDesk) - Rubicon Ltd.’s one-third holding in ArborGen Inc. will be diluted to about 27% as a result of the U.S.-based tree seedling company’s initial public offering. More >>
NZ dollar hits new 3-year high ahead of FOMC meeting
Wednesday, 27 April 2011, 8:41 am | BusinessDesk
NZ dollar reaches new 3-year high as greenback extends slide ahead of FOMC meeting More >>
