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BusinessDesk - Latest News [Page 971]

Pumpkin Patch slides to record low as rag-trade woes extend

Thursday, 10 July 2014, 3:07 pm | BusinessDesk

July 10 (BusinessDesk) - Shares in Pumpkin Patch, the third worst performer on the NZX's All Ordinaries Index this year ,fell to an all-time low as investors continue to mull the childrenswear retailer's outlook in an increasingly competitive apparel ... More >>

Reversible effects of seabed mining bid ignored, says appeal

Thursday, 10 July 2014, 1:55 pm | BusinessDesk

July 10 (BusinessDesk) - Would-be seabed ironsands miner TransTasman Resources says the rejection of its marine consent application rejected last month "did not meet the requirements of the Exclusive Economic Zone Act and was unjust", in ... More >>

Millennium spends $14.25 million on final stake in Quantum

Thursday, 10 July 2014, 12:58 pm | BusinessDesk

July 10 (BusinessDesk) - Millennium & Copthorne Hotels New Zealand, which operates 22 hotels across the country, will spend $14.25 million in cash to buy the remaining 30 percent stake in its Quantum joint venture that it doesn't own from Te Maori Lodges. More >>

AMP Capital to sell 18 NZ properties worth more than $1B

Thursday, 10 July 2014, 12:38 pm | BusinessDesk

AMP Capital to sell 18 NZ properties worth more than $1B to Canadian institutional investor More >>

NZ dollar may decline in 3Q, prompting importers to hedge

Thursday, 10 July 2014, 12:00 pm | BusinessDesk

July 10 (BusinessDesk) - The New Zealand dollar may weaken in the third quarter, prompting importers to buy the currency while it is hovering near record highs as they gear up for Christmas, their busiest season. More >>

NZ guest nights at three-year high

Thursday, 10 July 2014, 11:52 am | BusinessDesk

July 10 (BusinessDesk) - New Zealand guest nights climbed to a three-year high in May as short term stays climbed across all commercial accommodation types. More >>

Tasman Mill still not making money for Norway’s Norske Skog

Thursday, 10 July 2014, 11:50 am | BusinessDesk

July 10 (BusinessDesk) –Norway’s Norske Skog is making a loss on lower revenue from its New Zealand newsprint business after closing a paper machine at its Tasman Mill, and the large industrial user doesn’t like the cost of electricity here. More >>

MRP board appoints digital marketing guru Andy Lark to board

Thursday, 10 July 2014, 11:35 am | BusinessDesk

July 10 (BusinessDesk) - State-controlled electricity generator and retailer MightyRiverPower has attracted one of New Zealand's most globally experienced marketing experts, Andy Lark, to its board, adding heft following the signing of former Transpower chief ... More >>

Skyline Enterprises keeps FY dividend unchanged

Thursday, 10 July 2014, 11:31 am | BusinessDesk

July 10 (BusinessDesk) - Skyline Enterprises, the Queenstown-based tourism company whose shares trade on the Unlisted platform, will pay shareholders the same dividend for the 2014 financial year as underlying earnings were largely flat from a year ... More >>

NZ manufacturing activity rises in June from 18-month low

Thursday, 10 July 2014, 11:26 am | BusinessDesk

July 10 (BusinessDesk) - New Zealand manufacturing activity rose in June from an 18-month low in May, led by a pick-up in production and deliveries. More >>

While you were sleeping: Alcoa lifts mood

Thursday, 10 July 2014, 10:32 am | BusinessDesk

July 10 (BusinessDesk) - Wall Street gained, rising for the first day in three, after Alcoa’s better-than-expected quarterly profit bolstered optimism about the US second-quarter earnings season. More >>

NZ dollar touches fresh three-year high

Thursday, 10 July 2014, 10:25 am | BusinessDesk

NZ dollar touches fresh three-year high as Fed minutes fail to signal interest rate rises More >>

Cottonsoft makes small profit in 2013 after FX loss

Thursday, 10 July 2014, 10:23 am | BusinessDesk

July 10 (BusinessDesk) – Cottonsoft, the maker of Tuffy paper towels and Kiwisoft toilet tissue, made a small profit in 2013 after booking a sizeable foreign exchange loss. More >>

MARKET CLOSE: NZ shares join regional sell-off

Wednesday, 9 July 2014, 5:55 pm | BusinessDesk

July 9 (BusinessDesk) - New Zealand shares fell, joining a sell-off across Asia-Pacific, as investors mull the impact of global monetary policy on long-term bond yields and how that will feed into equity markets. More >>

RESEND: Callaghan appoints eight incubators for funding

Wednesday, 9 July 2014, 5:53 pm | BusinessDesk

July 9 (BusinessDesk) - Callaghan Innovation, the government funded innovation hub, has approved eight new company incubators to receive funding under its incubator support programme, including three tech-focused firms which will have access to repayable ... More >>