Archive for the 'Article' Category

MARKET CLOSE: NZ shares gain as FPH rises to record

Article – BusinessDesk

MARKET CLOSE: NZ shares gain as F&P rises to record, Xero falls on 1H result Read more »

NZ dollar gains as yen falls to 7-year low vs. greenback

Article – BusinessDesk

Nov. 20 (BusinessDesk) – The New Zealand dollar rose as the yen fell to a seven-year low against the greenback as stimulus from the Bank of Japan and the prospects that Prime Minister Shinzo Abe will win a snap election and extend his economic strategy … Read more »

More kiwi tech firms in Deloitte Asia-Pac Fast 500

Article – BusinessDesk

Nov. 20 (BusinessDesk) – Fifty-one New Zealand technology companies have been included in the 2014 Deloitte Technology Fast 500 Asia Pacific index, equalling the record for Kiwi companies making the list achieved in 2009 and ahead of last years 40 … Read more »

Xero widens first-half loss, says US did not execute to plan

Article – BusinessDesk

Nov. 20 (BusinessDesk) – Xero, the cloud-based accounting software firm, widened its first-half loss after spending more on staff and marketing. Read more »

NPT first-half operating earnings rise 14%

Article – BusinessDesk

Nov. 20 (BusinessDesk) – NPT, the listed property investor, reported a 14 percent increase in first-half operating profit as rental income was swelled by new properties including Auckland shopping precinct The Roskill Centre. Read more »

Progressive boss warns NZ MPs not to misuse privilege

Article – BusinessDesk

Nov. 20 (BusinessDesk) – Progressive Enterprises managing director Dave Chambers said New Zealand politicians need to be careful about allegations made under Parliamentary privilege which could prove damaging to businesses. Read more »

Horizon Energy first-half profit drops 58%

Article – BusinessDesk

Nov. 20 (BusinessDesk) – Horizon Energy Distribution, the Bay of Plenty lines company which exceeded its regulated price path in 2012, said first-half profit fell 58 percent as the Commerce Commission forced it to earn less. Read more »

ANZ’s Hisco the heavyweight in New Zealand CEO pay stakes

Article – BusinessDesk

Nov. 20 (BusinessDesk) – Theres a big gap between the pay of ANZ Bank New Zealand boss David Hisco and his counterparts at two of the other big four Australian-owned banks. Read more »

F&P Healthcare stock at record on latest guidance upgrade

Article – BusinessDesk

Nov. 20 (BusinessDesk) – Shares in Fisher & Paykel Healthcare rose to a record after the maker of breathing masks and humidifiers raised its profit forecast for the sixth time in two years, cementing its place as a market darling. Read more »

Countdown happy at being exonerated by regulator inquiry

Article – BusinessDesk

Nov. 20 (BusinessDesk) – Progressive Enterprises managing director Dave Chambers said he felt exonerated by the outcome of a Commerce Commission inquiry into anti-competitive behaviour by Countdown supermarkets, which found nothing to warrant prosecution. Read more »

NZ producer prices fall in third quarter

Article – BusinessDesk

Nov. 20 (BusinessDesk) – New Zealand producer input prices fell in the third quarter as lower farmgate milk prices reduced input costs for dairy manufacturers, adding more evidence that inflation in the local economy is subdued. Read more »

Australia-China FTA adds to rivalry in soft commodities

Article – BusinessDesk

Australia’s FTA with China adds to rivalry in ‘hotly contested’ market for soft commodities Read more »

Supermarket inquiry finds no breaches by Countdown

Article – BusinessDesk

Nov. 20 (BusinessDesk) – The Commerce Commission inquiry into anti-competitive behaviour by Countdown supermarkets, alleged by former Labour Party MP Shane Jones, has found nothing to warrant prosecution, although it warns supermarkets to take care in the … Read more »

F&P Healthcare lifts 2015 guidance after 1H earnings rise

Article – BusinessDesk

Nov. 20 (BusinessDesk) – Fisher & Paykel Healthcare, which makes breathing masks and respirators, raised its outlook for annual profit after posting a 10 percent gain in first-half earnings as it benefits from the sale of new products, gains market … Read more »

Serko widens 1H loss, boosts sales and staff

Article – BusinessDesk

Nov. 20 (BusinessDesk) – Serko, the online travel booking business, widened its first-half loss in line with its May prospectus as it hired more staff to chase sales growth. Read more »

NZ dollar whippy after Fed minutes

Article – BusinessDesk

Nov. 20 (BusinessDesk) – The New Zealand dollar was volatile following the release of the Federal Reserve minutes to its last meeting this morning, as the minutes failed to outline plans for likely interest rate hikes in the world’s largest economy. Read more »

English flags ‘challenge’ to budget surplus

Article – BusinessDesk

Finance Minister Bill English is warning next month’s half yearly fiscal and economic update from the Treasury may not forecast a budget surplus, saying that returning the government’s accounts to surplus in 2015 will be “a challenge”, given … Read more »

While you were sleeping: Eyes on Fed, retailers rally

Article – BusinessDesk

Nov. 20 (BusinessDesk) – Wall Street slipped, pushing the Dow and the S&P 500 down from their record-high closes the previous day, as investors awaited guidance on the timing of an interest rate increase by the US Federal Reserve. Read more »

Raw material supply constraints lead to SeaDragon loss

Article – BusinessDesk

Nov. 19 (BusinessDesk) – SeaDragon, which manufactures fish oil for health supplements, has reported a $574,000 half-year loss, 362 percent down on the same period last year after difficulties securing raw material saw its factory underused. Read more »

MARKET CLOSE: NZ shares gain on hunt for yield

Article – BusinessDesk

Nov. 19 (BusinessDesk) – New Zealand shares rose, paced by Meridian Energy and MightyRiverPower, as investors chased stocks with relatively attractive yields. Fonterra Shareholders’ Fund gained after dairy prices fell. Read more »

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