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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 »

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