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BusinessDesk - Latest News [Page 1647]

Sanford expects to beat analyst forecasts

Wednesday, 20 October 2010, 4:06 pm | BusinessDesk

Oct. 20 (BusinessDesk) – Fishing company Sanford Ltd. says it expects net profit to beat analysts’ forecasts as it benefits from better fish prices and its allocation of Emissions Trading Scheme units. More >>

Six approved research partners for $20m R&D policy

Wednesday, 20 October 2010, 3:55 pm | BusinessDesk

by Peter Kerr Oct. 20 (BusinessDesk) - Four universities, one polytechnic and a Crown Research Institute can line up for the $20 million in research and development funding available from the technology transfer voucher system, kicking off in November. More >>

Bollard stands up for price stability target

Wednesday, 20 October 2010, 2:50 pm | BusinessDesk

Oct. 20 (BusinessDesk) – Reserve Bank Governor Alan Bollard has thrown his weight behind economic orthodoxy and says the current targets of price and financial stability are enough to get through the recovery. More >>

Cavotec mulls offshore listing

Wednesday, 20 October 2010, 11:37 am | BusinessDesk

Oct 20 (BusinessDesk) - Cavotec MSL Holdings Ltd., the global engineering group and owner of Christchurch-based MoorMaster, is looking at a secondary offshore listing, blaming poor liquidity and falling volumes on the NZX. More >>

Australian banker gets nod as first FMA CEO

Wednesday, 20 October 2010, 11:28 am | BusinessDesk

Oct. 20 (BusinessDesk) – Former banker Sean Hughes has been appointed as the chief executive-designate of the incoming super-regulator of financial markets. More >>

PGG Wrightson Finance taps banks for new funding

Wednesday, 20 October 2010, 11:23 am | BusinessDesk

Oct. 20 (BusinessDesk) - PGG Wrightson Finance Ltd., a unit of rural service provider PGG Wrightson Ltd., has secured a $100 million bank facility to help it get past the extended government deposit guarantee scheme. More >>

Restaurant Brands first-half profit surges 52%

Wednesday, 20 October 2010, 10:50 am | BusinessDesk

Oct. 20 (BusinessDesk) - Restaurant Brands NZ Ltd., the local owner of fast food franchises KFC, Pizza Hutt and Starbucks, first-half earnings surged 52% as its KFC franchises continued to underpin strong sales, taking the shares to a month-high. More >>

ANZO offers to cede more ground on manegement fee

Wednesday, 20 October 2010, 10:23 am | BusinessDesk

Oct. 20 (BusinessDesk) – AMP NZ Office Trust has offered to give up more ground on its management fee as investors prepare to vote on whether to restructure the listed property entity into a company tomorrow. More >>

First South Canty asset sales close

Wednesday, 20 October 2010, 9:52 am | BusinessDesk

Oct. 20 (BusinessDesk) – South Canterbury Finance Ltd.’s receiver expects to make an announcement on the sale of some of its assets this week. More >>

APN to close printing plant with 150 job losses

Wednesday, 20 October 2010, 9:47 am | BusinessDesk

Oct. 19 (BusinessDesk) – APN News & Media Ltd., which publishes the New Zealand Herald and owns The Radio Network, will close down its loss-making magazine printing operation in Manukau at the end of next month, with some 150 people set to lose their ... More >>

Fonterra milk prices down 2.5% at auction

Wednesday, 20 October 2010, 9:41 am | BusinessDesk

by Paul McBeth Oct. 20 (BusinessDesk) – Milk prices fell 2.5% at Fonterra Cooperative Group’s latest online auction, though are still at a relatively healthy level above US$3,500 a tonne. More >>

Stocks to watch: APN, CCC, CHA, NZO, PRC, SKC

Wednesday, 20 October 2010, 9:32 am | BusinessDesk

Oct. 20 (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. Themes of the day: More >>

China’s sudden rate hike sinks Kiwi dollar

Wednesday, 20 October 2010, 9:22 am | BusinessDesk

by Paul McBeth Oct. 20 (BusinessDesk) – The New Zealand dollar sank 1.1% after an unexpected rate hike by the People’s Bank of China took markets by surprise and sapped investors’ appetite for higher-yielding assets. More >>

MARKET CLOSE: Charlie’s deal bucks downbeat market

Tuesday, 19 October 2010, 6:07 pm | BusinessDesk

Oct. 19 (BusinessDesk) – New Zealand stocks fell for the first time in two sessions, led lower by Pike River Coal Ltd. after the company cut its production forecast due to further delays in its hydro-mining operations. More >>

Power seeks help on watching the watchers

Tuesday, 19 October 2010, 5:53 pm | BusinessDesk

by Paul McBeth Oct. 19 (BusinessDesk) – Commerce Minister Simon Power is calling for submissions on how he should regulate corporate trustees after their failure to contain the finance sector collapse of the past few years. More >>

Firms acting faster to dob in late payers

Tuesday, 19 October 2010, 5:29 pm | BusinessDesk

Oct. 19 (BusinessDesk) – Businesses are reporting late-paying customers more quickly, and in far greater numbers than in the past, says John Roberts, the head of the country’s largest credit bureau, Veda Advantage. More >>

Huge Aussie deal for Charlie’s

Tuesday, 19 October 2010, 5:01 pm | BusinessDesk

Huge Aussie deal for Charlie’s by Paul McBeth Oct. 19 (BusinessDesk) – Charlie’s Group, the juice maker, has closed a deal with Australian supermarket chain Coles, giving it national exposure in Australia’s billion-dollar juice market, lifting ... More >>