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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 895]
CORRECT: Methven lifts 1H profit 3.4% on cost-cuts
Tuesday, 25 November 2014, 5:03 pm | BusinessDesk
Nov. 25 (BusinessDesk) - Methven, the NZX-listed tap and shower manufacturer and exporter, lifted first-half profit 3.4 percent as lower costs and a smaller tax bill offset a slip in sales, and expects annual earnings to be at the top end of guidance. More >>
NZ inflation expectations slide as growth prospects slow
Tuesday, 25 November 2014, 4:34 pm | BusinessDesk
Nov. 25 (BusinessDesk) - New Zealand businesses have trimmed their expectations for consumer inflation over the next two years as the rosy outlook for a booming economy comes off the boil. More >>
Methven lifts 1H profit 3.4% on cost-cuts, lower tax bill
Tuesday, 25 November 2014, 3:55 pm | BusinessDesk
Nov. 25 (BusinessDesk) - Methven, the NZX-listed tap and shower manufacturer and exporter, lifted first-half profit 3.4 percent as lower costs and a smaller tax bill offset a slip in sales, and expects annual earnings to be at the top end of guidance. More >>
Pumpkin Patch may breach convenants if Xmas sales struggle
Tuesday, 25 November 2014, 3:27 pm | BusinessDesk
Nov. 25 (BusinessDesk) - Pumpkin Patch chair Peter Schuyt says trading conditions remain challenging and the unprofitable childrenswear retailer is in risk of breaching its banking covenants if Christmas sales disappoint. The shares dropped. More >>
Green Cross Health first-half profit falls 2% as costs rise
Tuesday, 25 November 2014, 3:21 pm | BusinessDesk
Nov. 25 (BusinessDesk) - Green Cross Health, formerly known as PharmacyBrands, posted a 2 percent decline in first-half profit as higher wage and lease costs offset a pickup in sales. More >>
UPDATE: ERoad 1H loss in line with forecast
Tuesday, 25 November 2014, 2:53 pm | BusinessDesk
UPDATE: ERoad 1H loss in line with forecast, Oregon market may be bigger than first thought More >>
CORRECT: Carbon farmer sues MRP over $34.7M in ETS row
Tuesday, 25 November 2014, 2:41 pm | BusinessDesk
Nov. 25 (BusinessDesk) - New Zealand Carbon Farming, the country’s largest supplier of post-1989 bulk carbon credits, is suing Mighty River Power for $34.7 million over liability for carbon credits the listed energy company was contracted to buy as part ... More >>
Carbon farmer sues MRP over $34.7 million in ETS credits row
Tuesday, 25 November 2014, 2:25 pm | BusinessDesk
Nov. 25 (BusinessDesk) - New Zealand Carbon Farming, the country’s largest supplier of post-1989 bulk carbon credits, is suing Mighty River Power for $34.7 million over liability for carbon credits the listed energy company was contracted to buy as part ... More >>
Abano forecasts 40% jump in first-half profit as sales grow
Tuesday, 25 November 2014, 1:24 pm | BusinessDesk
Nov. 25 (BusinessDesk) - Abano Healthcare, the listed healthcare investor, said first-half profit may rise 40 percent even in the face of a weak Australian dollar and tepid economic growth across the Tasman. More >>
Cavalier chair James defends management, board at AGM
Tuesday, 25 November 2014, 12:10 pm | BusinessDesk
Nov. 25 (BusinessDesk) - Cavalier Corp chairman Alan James has defended his two-decade tenure as head of the carpet maker's board as shareholders questioned it poor financial performance, suspension of dividends and the 62 percent drop in its share price since ... More >>
Acurity takeover bid extended as ComCom decision pushed out
Tuesday, 25 November 2014, 10:53 am | BusinessDesk
Nov. 25 (BusinessDesk) - Connor Healthcare's takeover bid for private hospital operator Acurity Health Group has been pushed out to Dec. 12 after the Commerce Commission delayed its expected decision on whether to approve the deal. More >>
Chorus expects lower UFB build costs from new contracts
Tuesday, 25 November 2014, 10:34 am | BusinessDesk
Nov. 25 (BusinessDesk) - Chorus, the regulated telecommunications network operator, expects cheaper costs for the roll-out of its ultrafast broadband network in the current financial year after cutting new deals with its contracts. More >>
ERoad 1H loss in line with forecast, sees upside in Oregon
Tuesday, 25 November 2014, 10:29 am | BusinessDesk
ERoad 1H loss in line with forecast, Oregon market may be bigger than first thought More >>
Chorus expects lower UFB build costs with new contracts
Tuesday, 25 November 2014, 10:22 am | BusinessDesk
Nov. 25 (BusinessDesk) - Chorus, the regulated telecommunications network operator, expects the roll-out of its ultrafast broadband network to cost less in the current financial year after cutting new deals on its contracts. More >>
RESEND: NZ dollar falls vs. euro after confidence survey
Tuesday, 25 November 2014, 9:06 am | BusinessDesk
Nov. 25 (BusinessDesk) - The New Zealand dollar declined against the euro after a German business confidence survey printed stronger than expected, prompting some traders to speculate further stimulus in the regional economy isn't a done deal. More >>
Heartland Bank profit rises 13% in Sept. quarter
Tuesday, 25 November 2014, 9:06 am | BusinessDesk
Nov. 25 (BusinessDesk) - Heartland Bank, the banking subsidiary of NZX-listed Heartland New Zealand, reported a 13 percent increase in profit in the three months to Sept. 30 on an increase in interest income while borrowing costs fell. More >>
Abano agrees to sell orthotics business, taking 'small loss'
Tuesday, 25 November 2014, 8:45 am | BusinessDesk
Nov. 25 (BusinessDesk) - Abano Healthcare Group. the medical investor, agreed to sell its orthotics business, The Orthotic Centre, to private investors, and will take a small loss on the sale against its 2015 results. More >>
NZ dollar falls vs. euro after confidence survey
Tuesday, 25 November 2014, 8:34 am | BusinessDesk
Nov. 25 (BusinessDesk) - The New Zealand dollar declined against the euro after a German business confidence survey printed stronger than expected, prompting some traders to speculate further stimulus in the regional economy isn't a done deal. More >>
NZ govt film incentive to boost activity, NZFC's Gibson says
Tuesday, 25 November 2014, 8:08 am | BusinessDesk
Nov. 24 (BusinessDesk) - New Zealand's film industry is gearing up for a bumper year as the government's sweeter incentives lures foreign projects and boosts domestic productions, according to New Zealand Film Commission chief executive Dave Gibson. More >>
While you were sleeping: US equities, oil rise
Tuesday, 25 November 2014, 7:39 am | BusinessDesk
Nov. 25 (BusinessDesk) - Wall Street mostly extended recent gains amid continued optimism the global economy will be supported by central banks around the world. More >>
