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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 994]
UPDATE: Intueri climbs 16% in training group's NZX debut
Friday, 23 May 2014, 12:48 pm | BusinessDesk
May 23 (BusinessDesk) – Intueri Education Group rose 16 percent in its NZX debut after owner Arowana International spun off the private training school operator about a year after its own listing on the ASX through a reverse takeover. More >>
Intueri climbs 12% in training group's NZX debut
Friday, 23 May 2014, 11:36 am | BusinessDesk
May 23 (BusinessDesk) – Intueri Education Group rose 12 percent in its NZX debut after owner Arowana International spun off the private training school operator about a year after its own listing on the ASX through a reverse takeover. More >>
Comvita annual profit rises 3.3%, sees more growth in 2015
Friday, 23 May 2014, 11:05 am | BusinessDesk
Comvita annual profit rises 3.3% as honey price squeezes margin, sees more growth in 2015 More >>
F&P Healthcare says earnings growth may stall in 2015
Friday, 23 May 2014, 10:14 am | BusinessDesk
May. 23 (BusinessDesk) - Fisher & Paykel Healthcare Corp, which exports 98 percent of its breathing masks and respirators, expects profit growth to stall in the coming year as it takes a $32 million hit to operating profit, reflecting reduced hedging ... More >>
RESEND: Metlifecare says earnings may rise as much as 43%
Friday, 23 May 2014, 9:09 am | BusinessDesk
May 23 (BusinessDesk) - Metlifecare, the retirement village operator which counts the New Zealand Superannuation Fund and Infratil as cornerstone investors, raised its guidance for full-year earnings, saying underlying profit may rise as much as ... More >>
Meflifecare says annual earnings may rise as much as 43%
Friday, 23 May 2014, 8:56 am | BusinessDesk
May. 23 (BusinessDesk) - Metlifecare, the retirement village operator which counts the New Zealand Superannuation Fund and Infratil as cornerstone investors, raised its guidance for full-year earnings, saying underlying profit may rise as much as ... More >>
NZ dollar falls as global growth outlook bolsters greenback
Friday, 23 May 2014, 8:28 am | BusinessDesk
May. 23 (BusinessDesk) - The New Zealand dollar weakened amid broad US dollar strength as improvements in manufacturing indicators point to a revival in economic growth. More >>
While you were sleeping: Global outlook brightens
Friday, 23 May 2014, 7:41 am | BusinessDesk
May 23 (BusinessDesk) – Wall Street rose amid signs of better-than-expected manufacturing in the US and China, while there was also a sign of life in the US housing industry bolstering shares including Home Depot. More >>
Methven FY profit drops 8.6% on strong currency, inventory
Thursday, 22 May 2014, 6:01 pm | BusinessDesk
May. 22 (BusinessDesk) - Methven reported an 8.6 percent fall in full-year profit as the tap maker and distributor struggles with retailers holding smaller inventories, and as the strength of the New Zealand dollar erodes exported earnings. More >>
MARKET CLOSE: NZ shares rise, paced by property stocks
Thursday, 22 May 2014, 5:36 pm | BusinessDesk
May. 22 (BusinessDesk) - New Zealand shares rose after a five day slide gave investors confidence to buy companies offering dependable returns such as Argosy Property, Precinct Properties New Zealand, Goodman Property Trust and Kiwi Income Property ... More >>
NZ dollar rises from three-week low after Chinese data
Thursday, 22 May 2014, 5:06 pm | BusinessDesk
May. 22 (BusinessDesk) - The New Zealand dollar rose from a three-week low as better-than-expected Chinese manufacturing data lifted investors' confidence in the Australasian nations, which count the world's second-biggest economy as their biggest export market. More >>
NZ inflation, rate expectations edge higher: RBNZ survey
Thursday, 22 May 2014, 4:25 pm | BusinessDesk
May. 22 (BusinessDesk) - New Zealand inflation is expected to edge,up over the coming year and lead to higher interest rates as the economy gathers momentum, according to the Reserve Bank's latest quarterly survey. More >>
Dorchester pays first div in 7 yrs after meeting guidance
Thursday, 22 May 2014, 1:55 pm | BusinessDesk
May. 22 (BusinessDesk) - Dorchester Pacific, the finance company whose shares have more than doubled since a capital restructure in 2010, posted full-year earnings growth that met last month's guidance and declared its first dividend in seven years. More >>
Rakon backs strategy to boost depressed share price
Thursday, 22 May 2014, 1:42 pm | BusinessDesk
May. 22 (BusinessDesk) - Rakon, whose shares have shed 86 percent of their value over the past five years, says its new strategy should deliver a boost to the company's depressed share price, and anticipates positive earnings in the 2015 financial year. More >>
Energy Mad flags $1.4 million of impairments
Thursday, 22 May 2014, 11:47 am | BusinessDesk
May 22 (BusinessDesk) - Energy Mad, the energy efficient light bulb marketer, has flagged a $1.4 million impairment and lowered the value of research and development intangible assets to $400,000 ahead of announcing full-year earnings next week. More >>
DNZ Property posts 8.7% drop in annual profit on writedowns
Thursday, 22 May 2014, 11:17 am | BusinessDesk
May. 22 (BusinessDesk) - DNZ Property Fund, the sixth-biggest property stock on the NZX 50 Index by market capitalisation, posted an 8.7 percent drop in annual profit after writing down the value of development work on its Johnsonville Retail shopping ... More >>
Comvita shares jump on $12.3 million acquisition of NZ Honey
Thursday, 22 May 2014, 10:54 am | BusinessDesk
May. 22 (BusinessDesk) - Comvita shares jumped 8.8 percent after the maker of healthcare products based on manuka honey said it will buy New Zealand Honey for $12.3 million as part of a strategy to boost supplies of the raw material. More >>
Rakon more than doubles annual loss on writedowns, charges
Thursday, 22 May 2014, 10:42 am | BusinessDesk
May. 22 (BusinessDesk) - Rakon, whose shares have shed 86 percent of their value in the past five years, more than doubled its annual loss after writing down the value of assets and spending more on restructuring ailing businesses. More >>
Regulator pushes out copper line pricing deadline
Thursday, 22 May 2014, 9:29 am | BusinessDesk
May. 22 (BusinessDesk) - The Commerce Commission has pushed out a deadline to set the regulated price Chorus can charge to access services on its copper lines after accepting concerns raised by the retail companies. More >>
Heartland targeting on agri, car lending gains S&P upgrade
Thursday, 22 May 2014, 9:07 am | BusinessDesk
May. 22 (BusinessDesk) - Heartland Bank, which trades on the NZX as Heartland New Zealand, had its credit rating upgraded a notch by Standard & Poor's after the rating agency was impressed by the bank's decision to focus lending in certain markets. More >>
