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BusinessDesk - Latest News [Page 537]

Fonterra full-year profit rises 65%

Thursday, 22 September 2016, 9:17 am | BusinessDesk

Sept. 22 (BusinessDesk) - Fonterra Cooperative Group, which has raised its forecast milk payout twice in as many months, posted a 65 percent gain in full-year profit as cost cutting and cheaper milk prices made up for a decline in sales. More >>

Kiwi entepreneurs seek US$5 mln investmen

Thursday, 22 September 2016, 8:55 am | BusinessDesk

Sept. 22 (BusinessDesk) - Gung Ho! Pizza, founded by Kiwi entrepreneurs Jade Gray and John O’Loghlen, is seeking US$5 million to help expand the brand in Ikea malls as they roll out around China. More >>

NZ dollar gains as Fed keeps December hike alive

Thursday, 22 September 2016, 8:32 am | BusinessDesk

Sept. 22 (BusinessDesk) - The New Zealand dollar rose after the US Federal Reserve held off raising interest rates while keeping alive the possibility of a hike later this year, the Bank of Japan changed its policy focus to longer-term rates, and ahead ... More >>

While you were sleeping: Fed signals December hike

Thursday, 22 September 2016, 7:38 am | BusinessDesk

Sept. 22 (BusinessDesk) - US stocks and longer-dated debt rose, while the greenback weakened, after the Federal Reserve kept its target interest rate unchanged but signalled a hike later this year. More >>

NZ dollar falls below 73 US cents

Wednesday, 21 September 2016, 7:09 pm | BusinessDesk

Sept. 21 (BusinessDesk) - The New Zealand dollar fell below 73 US cents and gained against the yen after the Bank of Japan amended its monetary policy, prompting traders to sell the Japanese currency in favour of the greenback. More >>

MARKET CLOSE: NZ shares fall ahead of Fed

Wednesday, 21 September 2016, 7:03 pm | BusinessDesk

Sept. 21 (BusinessDesk) - New Zealand shares dropped ahead of two cash rate announcements, with Orion Health Group, Air New Zealand and Scales Corp falling. More >>

NZ Merino takes full ownership of joint venture

Wednesday, 21 September 2016, 7:01 pm | BusinessDesk

Sept. 21 (BusinessDesk) - New Zealand Merino Co is to take full control of its brand of merino meat, which was previously owned fifty-fifty in a joint venture with Silver Fern Farms. More >>

Zespri sets out plan to replace chief executive Lain Jager

Wednesday, 21 September 2016, 5:11 pm | BusinessDesk

Zespri International, the kiwifruit marketer, is to start the search for a new chief executive next year, with a plan to have the successful candidate in place for the start of 2018. More >>

Govt scales back depth of Treasury major project reviews

Wednesday, 21 September 2016, 2:37 pm | BusinessDesk

Sept. 21 (BusinessDesk) - The Treasury will publish just one major report on the government's major project pipeline, replacing the other two reports with high-level updates in an effort to cut costs More >>

NZ Merino lifts annual profit 19%, meets growth targets

Wednesday, 21 September 2016, 1:42 pm | BusinessDesk

New Zealand Merino Co, a wool marketer that aims to develop higher-value markets for sheep products, posted a 19 percent lift in annual profit and said its business has doubled in value over the past three years. More >>

IkeGPS mulls acquisitions with residual capital raised

Wednesday, 21 September 2016, 12:39 pm | BusinessDesk

Sept. 21 (BusinessDesk) - IkeGPS, the laser measurement toolmaker, could use funds left over from the $8 million raised in the past two months to make acquisitions and may look to raise more capital, as it works towards dual-listing on the Australian ... More >>

NZ annual net migration rises in August

Wednesday, 21 September 2016, 12:01 pm | BusinessDesk

Sept. 21 (BusinessDesk) - New Zealand's net migration rose in the year through August, returning to the record set in the June year on immigrants from Australia, the UK and China. More >>

NZ Super Fund reports 1.89% return

Wednesday, 21 September 2016, 10:56 am | BusinessDesk

Sept. 21 (BusinessDesk) - The New Zealand Superannuation Fund delivered a lower return in its latest financial year, dragged down by negative returns from global equities. More >>

Kathmandu annual profit climbs 64%

Wednesday, 21 September 2016, 10:26 am | BusinessDesk

Sept. 21 (BusinessDesk) - Kathmandu Holdings, which fended off a takeover proposal from its biggest shareholder Briscoe Group, lifted annual profit 64 percent and will pay a bigger dividend after more rigorous inventory management helped fatten margins. More >>

Synlait completes institutional component of rights offer

Wednesday, 21 September 2016, 9:44 am | BusinessDesk

Sept. 21 (BusinessDesk) - Synlait Milk, the NZX-listed dairy company, has completed the institutional component of its rights offer, raising about $59 million. More >>

Fonterra raises forecast payout as global supply shrinks

Wednesday, 21 September 2016, 9:20 am | BusinessDesk

Sept. 21 (BusinessDesk) - Fonterra Cooperative Group, the dairy processor which will announce annual earnings tomorrow, hiked its forecast payout to farmers by 50 cents per kilogram of milk solids as global supply continues to decline, helping prop up ... More >>