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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 1634]
Kathmandu sales rise 9.3% in first 16 weeks
Wednesday, 24 November 2010, 2:19 pm | BusinessDesk
Nov. 24 (BusinessDesk) – Kathmandu Holdings Ltd., the outdoor equipment and clothing chain, lift sales in the first 16 weeks of the year by 9.3% and predicted earnings growth in 2011. More >>
Vital Healthcare investors approve rights issue
Wednesday, 24 November 2010, 1:21 pm | BusinessDesk
Nov. 24 (BusinessDesk) – Shareholders of Vital Healthcare Property Trust have approved plans to raise funds to acquire properties in Australia and were told the trust plans to amend its fee structure. More >>
Ecoya posts $2.6 million first-half loss
Wednesday, 24 November 2010, 1:12 pm | BusinessDesk
Nov. 24 (BusinessDesk) - Scented candle company Ecoya Ltd. made a $2.6 million first-half net loss on sales of $4.4 million and says it is on track to meet its May prospectus forecasts. More >>
Harbour Asset heads into fixed income market
Wednesday, 24 November 2010, 1:04 pm | BusinessDesk
Nov. 23 (BusinessDesk) – Wellington fund manager Harbour Asset Management is expanding into fixed interest investment, announcing the appointment of a former senior Bank of England trader and head of market intelligence, Christian Hawkesby. More >>
SCF receiver sells troubled Auckland Hyatt Regency hotel
Wednesday, 24 November 2010, 12:09 pm | BusinessDesk
Nov. 24 (BusinessDesk) – Failed lender South Canterbury Finance Ltd.’s receiver has sold the Auckland Hyatt Regency hotel for between $50 million and $60 million. More >>
F&P Healthcare trims full-year profit forecast
Wednesday, 24 November 2010, 10:25 am | BusinessDesk
Nov. 24 (BusinessDesk) – Fisher & Paykel Healthcare trimmed its forecast for full-year profit after unfavourable currency movements and tax charges eroded its first-half result, while R&D and selling costs rose. More >>
Stocks to watch: FPH, NZO, NZX, PGG, PPL, SPT, WFD
Wednesday, 24 November 2010, 9:39 am | BusinessDesk
Nov. 23 (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 sinks to four-week low after Korean clash
Wednesday, 24 November 2010, 9:15 am | BusinessDesk
Nov. 24 (BusinessDesk) – The New Zealand dollar dropped to a four-week low as investors shunned riskier, or higher-yielding, assets amid heightening tensions between North and South Korea. More >>
MARKET CLOSE: NZ stocks fall as NZOG shares plummet
Tuesday, 23 November 2010, 5:53 pm | BusinessDesk
Nov. 23 (BusinessDesk) - New Zealand shares fell, led by New Zealand Oil & Gas after the trading halt was lifted and shares plummeted to their lowest level since March 2007 in the wake of the explosion at Pike River Coal Ltd.'s West Coast mine. More >>
NZ economic growth may pick up: RBNZ survey
Tuesday, 23 November 2010, 4:19 pm | BusinessDesk
Nov. 23 (BusinessDesk) – Some 78 economists and strategists surveyed by the Reserve Bank are slightly more optimistic about the country’s forecast growth. More >>
Oceania returns to profit as owner forgives loan interest
Tuesday, 23 November 2010, 3:10 pm | BusinessDesk
Nov. 23 (BusinessDesk) – Oceania Group, the retirement village operator owned by Australia’s Macquarie Bank, returned to profit in its latest financial year after its shareholder wrote off outstanding interest on loans to the group. More >>
Pumpkin Patch finds trading tough
Tuesday, 23 November 2010, 2:27 pm | BusinessDesk
Nov. 23 (BusinessDesk) - Children's clothing retailer Pumpkin Patch is experiencing tough trading in all its markets, particularly in its largest market, Australia, managing director Maurice Prendergast told the annual shareholders' meeting. More >>
Wrightson buys Australia's Keith Seeds
Tuesday, 23 November 2010, 2:21 pm | BusinessDesk
Nov. 23 (BusinessDesk) – PGG Wrightson has added to its 75-year-old seeds business in Australia with the acquisition of Keith Seeds Pty. More >>
NZ Oil & Gas shares slump by a third on Pike explosion
Tuesday, 23 November 2010, 1:44 pm | BusinessDesk
NZ Oil & Gas shares slump by a third on Pike explosion as trading halt lifts More >>
SmartPay launches own funding facility
Tuesday, 23 November 2010, 1:09 pm | BusinessDesk
Nov. 23 (BusinessDesk) - SmartPay Ltd., the merchant services provider, is hoping to tap wealthy private investors with the launch of a bulk funding facility to lower its finance costs and better manage cash flows as it expands its services in Australia ... More >>
Stocks to watch: CHA, KIP, NZR, PGC, TEL, VHP
Tuesday, 23 November 2010, 9:33 am | BusinessDesk
Nov. 23 (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 drops near 77 US cts after S&P move
Tuesday, 23 November 2010, 9:11 am | BusinessDesk
NZ dollar drops near 77 US cts after S&P move, Europe debt concerns linger More >>
MARKET CLOSE: NZ stocks rise as euro debt fears wane
Monday, 22 November 2010, 5:51 pm | BusinessDesk
Nov. 22 (BusinessDesk) - New Zealand stocks rose for the first time in a week after Ireland's government confirmed that it has asked the European Union and the IMF for a bailout. Telecom Corp. and Fletcher Building were among the gainers on the day, ... More >>
NZ debt rating placed on negative outlook by S&P; kiwi drops
Monday, 22 November 2010, 5:43 pm | BusinessDesk
Nov. 22 (BusinessDesk) – The New Zealand dollar dropped 0.7% after Standard & Poor’s put the country’s foreign currency credit rating on a negative outlook, citing reduced financial flexibility. More >>
OPI Pacific debenture holders no clearer about payment
Monday, 22 November 2010, 5:11 pm | BusinessDesk
Nov. 22 (BusinessDesk) – Debenture holders of OPI Pacific Finance Ltd. are no clearer about what they will recoup from the failed finance company after the third report from receiver Colin McLoy of PricewaterhouseCoopers. More >>
