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BusinessDesk - Latest News [Page 856]

Jeanswest ordered to pay more damages after copyright appeal

Tuesday, 17 February 2015, 6:09 pm | BusinessDesk

Feb. 17 (BusinessDesk) - The Court of Appeal has ordered Australian company Jeanswest to pay additional damages, but stopped short of imposing a permanent ban, for infringing Dutch clothing firm G-Star Raw's copyright on biker jeans, said to be inspired by ... More >>

MARKET CLOSE: NZ shares fall; NZX, ANZ down on earnings

Tuesday, 17 February 2015, 5:31 pm | BusinessDesk

Feb. 17 (BusinessDesk) - New Zealand shares fell, led by NZX after its annual costs rose more than expected. Australia & New Zealand Banking Group declined as its interest margins shrank in the last three months of 2014. More >>

NZ dollar may extend gains on strong dairy auction

Tuesday, 17 February 2015, 5:11 pm | BusinessDesk

Feb. 17 (BusinessDesk) - The New Zealand dollar, which has reached a post -float high against the Australian dollar and is near a month-high versus the greenback, may extend its gains on speculation drought in parts of the country will prompt another ... More >>

Colonial Motor Co's 1H result steady, new vehicle sales rise

Tuesday, 17 February 2015, 5:03 pm | BusinessDesk

Feb. 17 (BusinessDesk) - The Colonial Motor Company, the listed motor vehicle distributor, posted a 0.8 percent increase in first-half net profit despite increased industry sales, due to competition biting into margins. More >>

NZ manufacturers suffer as dollar parity looms

Tuesday, 17 February 2015, 4:59 pm | BusinessDesk

Feb. 17 (BusinessDesk) - New Zealand manufacturing exporters are facing record headwinds from the kiwi's strength against the Australian dollar, with foreign exchange traders and strategists almost evenly split on whether the currencies will reach parity. More >>

Fonterra kicks off $144M partnership with Dutch cheese maker

Tuesday, 17 February 2015, 4:09 pm | BusinessDesk

Feb. 17 (BusinessDesk) - Fonterra Co-operative Group, the world’s largest dairy exporter, has commissioned a new dairy ingredients plant in Heerenveen, in the north of the Netherlands, its first wholly-owned and operated ingredients plant in Europe. More >>

Opus boosts FY profit 15% on Canadian, UK units

Tuesday, 17 February 2015, 4:06 pm | BusinessDesk

Feb. 17 (BusinessDesk) - Opus International Consultants, the listed engineering firm, lifted annual profit 15 percent as gains at its Canadian and UK operations offset declines its New Zealand and Australian businesses. The shares rose. More >>

Critics slam bank compensation for rural interest rate swaps

Tuesday, 17 February 2015, 2:28 pm | BusinessDesk

Feb. 17 (BusinessDesk) - Critics of bank settlements over interest rate swap loans claim farmers haven’t been paid as much in compensation as they would have if the matter had gone before the courts. More >>

Christchurch crematoriums fire up InvoCare's annual income

Tuesday, 17 February 2015, 1:51 pm | BusinessDesk

Feb. 17 (BusinessDesk) - InvoCare, Australia's largest undertaker, said its New Zealand unit earnings jumped up 24 percent after it bought two Christchurch crematoriums. More >>

Coca Cola Amatil's NZ earnings flat

Tuesday, 17 February 2015, 1:45 pm | BusinessDesk

Feb. 17 (BusinessDesk) - Coca-Cola Amatil, which bottles Coca-Cola, Lift, Fanta and other drinks brands, said earnings in New Zealand were flat as sales of fizzy drinks in grocery stores were weaker. More >>

NZ construction activity seen rebounding after slump

Tuesday, 17 February 2015, 1:44 pm | BusinessDesk

Feb. 17 (BusinessDesk) - New Zealand construction activity is rebounding from a slump during the recession as private sector work picks ups, according to a property consultancy. More >>

Evolve on track to secure 85 kindergartens by end of March

Tuesday, 17 February 2015, 12:05 pm | BusinessDesk

Feb. 17 (BusinessDesk) - Evolve Education Group, the listed childcare business, said it's on track to settle its acquisitions as forecast in its prospectus and is eyeing further childcare centres for purchase. More >>

Dick Smith's NZ 1H sales fall in competitive market

Tuesday, 17 February 2015, 11:44 am | BusinessDesk

Feb. 17 (BusinessDesk) - Dick Smith Holdings, the Australian consumer electronics chain, said its New Zealand unit's margins shrank and sales fell in a competitive market and a deterioration in consumer sentiment. More >>

Pacific Brands halves 1H loss

Tuesday, 17 February 2015, 11:34 am | BusinessDesk

Feb. 17 (BusinessDesk) - Pacific Brands, the Australian apparel business whose stable of brands include Bonds, Berlei and Sheridan, halved its first-half loss as it took smaller impairment charges than a year earlier, and repaid debt after selling its ... More >>