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Independent, Trustworthy New Zealand Business News
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BusinessDesk - Latest News [Page 1649]
Ecoya raises almost $1M in share purchase plan
Friday, 15 October 2010, 5:15 pm | BusinessDesk
Oct. 15 (BusinessDesk) – Ecoya Ltd., the global candle and fragrance distributor, has raised additional funds to complete its previously announced buyout of Wellington-based natural skincare company Trilogy. More >>
Irongate misses payment on Westpac facility
Friday, 15 October 2010, 5:01 pm | BusinessDesk
Oct. 15 (BusinessDesk) - Irongate Property Ltd., one of the units of the St Laurence group that escaped receivership, missed the deadline for a $1.5 million payment on its facility with Westpac Banking Corp. More >>
SCF lingers on past Treasury’s expectations
Friday, 15 October 2010, 4:39 pm | BusinessDesk
Oct. 15 (BusinessDesk) – South Canterbury Finance Ltd., the failed financier that made the biggest call on the government’s retail deposit guarantee, survived for two months more than what Treasury’s boffins were expecting. More >>
Fletcher's Ling sees housing demand pickup in 2011
Friday, 15 October 2010, 11:54 am | BusinessDesk
Oct. 15 (BusinessDesk) – Fletcher Building Ltd., the biggest company on the stock exchange, expects the residential property market to pick-up next year when rebuilding begins in Canterbury and the government’s response to ‘leaky homes’ comes into ... More >>
Cavalier shareholders opt for cash over shares
Friday, 15 October 2010, 10:38 am | BusinessDesk
Oct. 15 (BusinessDesk) – Most Cavalier Corp. shareholders have opted to take cash over additional shares in New Zealand’s only listed carpet maker, with stock issued under its dividend reinvestment plan amounting to less than 1% on issue. More >>
NZ regulator looks into alleged Telecom breach
Friday, 15 October 2010, 9:46 am | BusinessDesk
Oct. 15 (BusinessDesk) – The Commerce Commission has launched an investigation into whether Telecom Corp.’s wholesale unit discriminated against its retail rivals, breaching the terms of its operational separation. More >>
Stocks to watch: APN, AIR, CAV, GMT, MHI, TEL
Friday, 15 October 2010, 9:35 am | BusinessDesk
Oct. 15 (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 falls as Wall Street declines
Friday, 15 October 2010, 9:16 am | BusinessDesk
Oct. 15 (BusinessDesk) – The New Zealand dollar fell as concerns over a U.S. probe into foreclosure practices weighed on Wall Street and eroded risk appetite. More >>
SCF investors to get repaid next week
Thursday, 14 October 2010, 4:09 pm | BusinessDesk
Oct. 14 (BusinessDesk) – Investors in failed lender South Canterbury Finance Ltd. will get repaid next week. More >>
Meridian, Rio Tinto agree to outage settlement
Thursday, 14 October 2010, 3:44 pm | BusinessDesk
Oct. 14 (BusinessDesk) - State-owned power company Meridian Energy Ltd. and Rio Tinto’s New Zealand Aluminium Smelters Ltd. have negotiated a settlement over a 2008 power outage. More >>
Wrightson ditched by Farming Systems; shares fall
Thursday, 14 October 2010, 2:43 pm | BusinessDesk
Oct. 14 (BusinessDesk) – PGG Wrightson Ltd.’s shares sank after NZ Farming Systems Uruguay Ltd., the dairy farm developer it spawned, severed ties with its former manager. More >>
Govt deficit shrinks on ACC, Cullen Fund returns
Thursday, 14 October 2010, 1:07 pm | BusinessDesk
Oct. 14 (BusinessDesk) – The government’s deficit shrank as bigger returns from the ACC and New Zealand Superannuation Funds bolstered sagging revenue streams. More >>
NZ retails sales flat in August
Thursday, 14 October 2010, 12:08 pm | BusinessDesk
Oct. 14 (BusinessDesk) – New Zealand retail spending was flat in August, as households cut back on hardware and appliances purchases while stocking up on cars and fuel. More >>
NZ Farming Systems milk output 10% below target
Thursday, 14 October 2010, 11:27 am | BusinessDesk
Oct. 14 (BusinessDesk) – NZ Farming Systems Uruguay Ltd., the farm manager that was recently taken over by Singaporean commodities company Olam International Ltd., is running about 10% below its target milk production. More >>
NZ manufacturing contracts, new orders improve
Thursday, 14 October 2010, 11:20 am | BusinessDesk
Oct. 14 (BusinessDesk) – New Zealand manufacturing contracted for a second month, led by wood and paper products, though new orders recovered and employment stayed positive, which may signal an end to the gloom. More >>
NZ September house sales creep up from trough
Thursday, 14 October 2010, 10:41 am | BusinessDesk
Oct. 14 (BusinessDesk) – New Zealand’s residential house sales crept up in September from August’s trough, though they’re still in the doldrums as people continue to focus on repaying debt. More >>
Stocks to watch: CCC, CUE, FBU, IRG, SPY, TEL
Thursday, 14 October 2010, 9:37 am | BusinessDesk
Oct. 14 (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 rises above 76 cts on upbeat US earnings
Thursday, 14 October 2010, 9:33 am | BusinessDesk
Oct. 14 (BusinessDesk) – The New Zealand dollar climbed above 76 U.S. cents as stocks on Wall Street gained on American companies’ third-quarter earnings that beat analysts’ forecasts. More >>
SmartPay confident profit will hit guidance
Wednesday, 13 October 2010, 6:17 pm | BusinessDesk
by Paul McBeth Oct. 13 (BusinessDesk) – SmartPay Ltd., the merchant services provider that snapped up the failed Provenco Cadmus assets last year, expects to hit the bottom end of its forecast earnings. More >>
Fonterra’s raw milk obligations up for review
Wednesday, 13 October 2010, 4:23 pm | BusinessDesk
Oct. 13 (BusinessDesk) – Fonterra Cooperative Group’s obligation to supply up to 50 million litres of raw milk a year to rivals is to be reviewed a decade after the rules were put in place to ensure competition when the dairy giant was created. More >>
