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Independent, Trustworthy New Zealand Business News
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BusinessDesk - Latest News [Page 1633]
Hanover calls in lawyers on Allied
Friday, 26 November 2010, 1:08 pm | BusinessDesk
Nov. 26 (BusinessDesk) – Hanover Finance Ltd. has called in the lawyers to pursue Allied Farmers Ltd. over allegedly attempting to “evade various contractual obligations to Hanover.” More >>
Heartland bank a big tick closer
Friday, 26 November 2010, 1:02 pm | BusinessDesk
Nov. 26 (BusinessDesk) – Shareholders of Pyne Gould Corp. have approved the proposal that will turn their finance company, Marac Finance Ltd., into 71% of a new, NZX-listed “heartland” bank. More >>
Warehouse predicts difficult short term trading conditions
Friday, 26 November 2010, 12:22 pm | BusinessDesk
by Peter Kerr 26 Nov. 2010 (BusinessDesk) - Warehouse Group Ltd., New Zealand's largest retailer, expects trading conditions to remain difficult in the short term. More >>
Tower board still mulling M&A after failed Fidelity bid
Friday, 26 November 2010, 12:08 pm | BusinessDesk
Nov. 26 (BusinessDesk) – Tower Ltd., the insurer and wealth manager controlled by Guinness Peat Group, is still considering what to do with its swelling war chest after a “satisfactory” result in the 2010 year. More >>
NZOG releases $12 million for Pike River
Friday, 26 November 2010, 12:01 pm | BusinessDesk
Nov. 26 (BusinessDesk) - New Zealand Oil & Gas Ltd. has released the $12 million balance of a $25 million short term funding facility to Pike River Coal Ltd. because it is “the right thing to do” and to ensure that the mine’s remaining work ... More >>
F&P Appliances stock tumbles; guidance lags expectations
Friday, 26 November 2010, 11:42 am | BusinessDesk
Nov. 26 (BusinessDesk) – Shares of Fisher & Paykel Appliances tumbled as much as 10% after the manufacturer trimmed its full-year guidance and said current weak demand is likely to continue. More >>
Stocks to Watch: DPC, FPA, NAP, NZO, SAT, SEK, TWR
Friday, 26 November 2010, 9:44 am | BusinessDesk
Nov. 26 (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 >>
Tower lifts annual net profit 16%
Friday, 26 November 2010, 9:40 am | BusinessDesk
Tower lifts annual net profit 16% Nov. 26 (BusinessDesk) - Growth in its health and life, and general insurance businesses helped Tower lift annual net profit 16% despite a lower profit for investments, the company said. More >>
F&P Appliances turns to first-half profit, trims FY guidance
Friday, 26 November 2010, 9:33 am | BusinessDesk
Nov. 26 (BusinessDesk) – Fisher & Paykel Appliances turned to a first-half profit, from a year-earlier loss that included one-time charges to reorganise its global manufacturing and write down assets values. Sales weakened in the latest period, ... More >>
NZ dollar may fall as US markets pause for Thanksgiving
Friday, 26 November 2010, 9:12 am | BusinessDesk
Nov. 26 (BusinessDesk) – The New Zealand dollar may fall in light trading reflecting the U.S. Thanksgiving holiday and as Europe’s debt woes continue to erode risk appetite. More >>
2degrees shareholders dig deeper into pockets
Friday, 26 November 2010, 8:31 am | BusinessDesk
Nov. 26 (BusinessDesk) – Shareholders in Two Degrees Mobile Ltd. have dug deeper into their pockets to inject more cash into the country’s newest mobile phone operator. More >>
At last: financial advisers’ fees you can understand
Thursday, 25 November 2010, 4:55 pm | BusinessDesk
Nov. 25 (BusinessDesk) – The financial advice industry will try and win back public trust by radically simplifying and standardising how their fees affect savings investments. More >>
SCF auditor fined, censured for being out of his depth
Thursday, 25 November 2010, 1:46 pm | BusinessDesk
Nov. 25 (BusinessDesk) - The last auditor for South Canterbury Finance, who gave it a clear bill of health, has been fined and censured by his professional peers for lacking the skill to investigate such a large and complicated business. More >>
Seeka, with shares punished by PSA, keeps 9-month guidance
Thursday, 25 November 2010, 12:00 pm | BusinessDesk
Nov. 25 (BusinessDesk) - Seeka Kiwifruit Industries Ltd., whose shares have lost a quarter of their value in the wake of the Psa outbreak, has reiterated its forecast for earnings growth in the first nine months of the year. More >>
Air NZ October passenger numbers rise almost 10%
Thursday, 25 November 2010, 10:34 am | BusinessDesk
Nov. 25 (BusinessDesk) - Air New Zealand Ltd., the national carrier, reported an increase of almost 10% in passenger numbers in October, as the airline increased capacity amid signs that demand is returning to pre-global financial crisis levels. More >>
Pike River creditors grant 90-day reprieve
Thursday, 25 November 2010, 10:28 am | BusinessDesk
Nov. 25 (BusinessDesk) – Secured creditors of Pike River Coal Ltd. have agreed to a 90-day stand-still on outstanding invoices as the company deals with the immediate priorities from the devastating mine explosions that are presumed now to have taken ... More >>
Stocks to watch: ECO, KMD, NZO, PGC, SAN, SKT, WHS
Thursday, 25 November 2010, 9:35 am | BusinessDesk
Nov. 24 (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 >>
NZ dollar to head lower over next month as US recovery grows
Thursday, 25 November 2010, 9:17 am | BusinessDesk
NZ dollar to head lower over next month as US recovery shows signs of life More >>
Second blast at Pike River extinguishes hope for survivors
Wednesday, 24 November 2010, 5:27 pm | BusinessDesk
Second blast at Pike River extinguishes hope for survivors Nov. 24 (BusinessDesk) – A second catastrophic explosion has occurred at the Pike River coal mine, leading police coordinating attempts to rescue 29 trapped miners to say no survivors could ... More >>
Welfare reform group seeks feedback on ‘paradigm shift’
Wednesday, 24 November 2010, 3:45 pm | BusinessDesk
Nov. 24 (BusinessDesk) – A government working group is proposing a fundamental shift in the way New Zealanders think about social welfare entitlements, along with a raft of possible measures to raise workforce participation and reduce the long ... More >>
