Archive for February, 2012

Westpac NZ Q1 profit up 43%

Article – BusinessDesk

Feb. 29 (BusinessDesk) – The New Zealand arm of Australian banking giant Westpac saw tax-paid profit jump 43 percent in the three months to Dec. 31 2011, compared with the same three months a year earlier. Read more »

MARKET CLOSE: NZ shares gain; Fletcher rises

Article – BusinessDesk

Feb. 29 (BusinessDesk) – New Zealand shares rose, pacing a Asia-wide rally. Fletcher Building climbed 3.2 percent after government figures showed a jump in building consents while Auckland International Airport fell after posting first-half earnings. Read more »

New look Pyne Gould narrows 1H loss, wavers on 2012 guidance

Article – BusinessDesk

Feb. 29 (BusinessDesk) – Pyne Gould Corp, which has been taken over by majority shareholders George Kerr and Baker Street Capital, narrowed its first-half loss under a radically different structure from a year earlier, but has wavered on guidance … Read more »

Lyttelton Port returns to 1H profit on increased trade flows

Article – BusinessDesk

Feb. 29 (BusinessDesk) – Lyttelton Port, which was forced to take a $23 million charge on earthquake damage last year, returned to first half profit on record trade volumes even as the regions earthquakes continue. Read more »

NZ Farming Systems ekes out US$367,000 1H profit

Article – BusinessDesk

Feb. 29 (BusinessDesk) – NZ Farming Systems Uruguay, the South American dairy farmer that was bailed out by Singaporean owner Olam International, eked out a small profit in the first half on higher milk sales and a one-time accounting gain on he value … Read more »

IG Markets – Afternoon thoughts 29/2/12

Press Release – IG Markets

Across Asia, markets are rising on hopes of a strong take-up of the ECB’s three-year LTRO operation. Earlier, we saw US markets close the session above key levels and at their highest level since 2008. Markets in the region are on course to finish … Read more »

Foss goes missing over NZ On Air

Press Release – New Zealand Labour Party

Broadcasting Minister Craig Foss has either displayed his incompetence or was deliberately attempting to mislead the House when he ducked questions on the growing crisis involving NZ On Air in the House today, Labour’s Broadcasting spokesperson Clare Curran says. Read more »

Caregivers Supported in Demand for a Fair Deal

Press Release – Council of Trade Unions

Council of Trade Unions Women’s Council spokesperson, Sheryl Cadman expressed strong support for 1500 caregivers employed by New Zealand’s biggest aged care provider Oceania. Read more »

NZ dollar gains on upbeat business confidence, building data

Article – BusinessDesk

Feb. 29 (BusinessDesk) – The New Zealand dollar gained in local trading after upbeat building and business confidence data stoked investors’ appetite for the currency, and ahead of the European Central Bank’s financing programme for the region’s … Read more »

Trade Growth Leads to Strong Result

Press Release – Lyttelton Port of Christchurch

Lyttelton Port of Christchurch has continued its strong performance and delivered a 55.5% increase in its earthquake-adjusted trading result for the six months to 31 December 2011 compared to the same period in 2010. Read more »

Youth need clear pathways to employment

Press Release – Ara Taiohi

The Government’s intentions to get more people off the benefit and into work will require strategies to provide clear pathways to employment, including the provision of quality, affordable childcare and other support. Read more »

NZ Defence Force: Accident at Linton Camp

Press Release – New Zealand Defence Force

The New Zealand Defence Force is reporting an accident at the shooting range at Linton Military Camp, in the Manawatu. The NZ Defence Force says a member of a group undertaking pre-deployment training appears to have discharged his weapon, injuring himself in … Read more »

Roundabout for high-crash intersection on North Street

Press Release – Timaru District Council

Traffic safety, vehicle flow, cyclist and pedestrian safety and high-grade road surfacing will be priorities for the Timaru District Council as it begins a major improvement of the North Street -Wilson Street-Woodlands Road intersection in Timaru. Read more »

Allied Farmers narrows loss; Hanover millstone remains

Article – BusinessDesk

Feb. 29 (BusinessDesk) – Allied Farmers, which unsuccessfully tried to transform itself into a major lender, narrowed its first-half loss as it continues to eke out value from the remains of the Hanover and United Finance assets it bought in 2009. Read more »

Business Fitness NZ turns 10!

Press Release – Business Fitness NZ

Interactive accounting content firm Business Fitness NZ provides New Zealand accounting professionals with a single source of authoritative and practical information to make them more productive. The progressive Mt Maunganui company has just turned 10. Read more »

New Christchurch and Canterbury Tourism director appointed

Press Release – Christchurch and Canterbury Tourism

Prominent South Island hotel industry leader, Scott Wallace has been appointed a director of Christchurch & Canterbury Tourism. Board chairman Paul Bingham welcomed Mr Wallace’s appointment, saying the board would benefit from his experience, skills … Read more »

New Constitution for Insurance & Savings Ombudsman Scheme

Press Release – Insurance And Savings Ombudsman

The significant expansion of the ISO Scheme, resulting from new financial sector legislation in 2011, was one of the key drivers which led to the review of the ISO’s governing documents. During this period of expansion, the ISO Scheme also changed … Read more »

Ttoo early to predict sustained uplift in building activity

Press Release – Registered Master Builders Federation

Registered Master Builders Federation (RMBF) says the latest building consent figures released today indicate a pick up in activity when compared to this period in previous years. Read more »

Motor Caravan Owners Hurt by New Road User Charges Act

Press Release – Motor Caravan Association

Many of the New Zealand Motor Caravan Association’s approximately 43,000 members will be severely disadvantaged by the new Road User Charges Act recently passed by Parliament to amend the way Road User Charges are collected. Read more »

Creating drier, warmer Dunedin homes

Press Release – Otago Regional Council

The Otago Regional Council (ORC), in conjunction with the Dunedin City Council (DCC), is managing the installation of new insulation and clean heating appliances in 100 Dunedin homes. Read more »

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