Article – BusinessDesk

May 23 (BusinessDesk) – Conservation Minister Nick Smith has approved access over conservation estate land for Bathurst Resources to develop an open cast coal mine on the Denniston Plateau, above Westport, to the dismay of environmental opponents. Read more »

Article – BusinessDesk

No savings this year for Rakons manufacturing shift to China, grand plan coming in July Read more »

Article – Businesswire

May 23 (BusinessDesk) – Fronde Systems Group, a Wellington-based software and cloud-based services developer, is considering an equity raising to fund a bigger push into Australia after more than doubling annual profit. Read more »

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May 23 (BusinessDesk) – Guinness Peat Group will have to keep on more staff than previously planned as it works with the UK regulator over its liability for the Coats pension schemes. Read more »

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F&P Healthcare beats 2013 guidance, forecasts boost in 2014 profit; shares gain to 2 year high Read more »

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May 23 (BusinessDesk) – DNZ Property Fund, which reported a 14 percent decline in annual distributable earnings yesterday, completed its $60 million placement to institutional investors at a 1.8 percent discount. Read more »

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May 23 (BusinessDesk) – Rakon, which makes crystal oscillators used in smart phones and navigation systems, plunged deeper into the red after writing down the value of its Chinese and New Zealand units, and posting underlying earnings at the bottom … Read more »

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May 23 (BusinessDesk) – Comvita, which produces health products from manuka honey and olive leaves, posted a 10 percent decline in full-year profit, beating its own guidance as it coped with a shortage of honey and higher costs. Read more »

Article – Businesswire

May 23 (BusinessDesk) Argosy Property reported a jump in full-year profit after earnings in the previous year were eroded by the costs of internalising its management contract. Net property income fell 1.8 percent. Read more »

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NZ dollar declines after Bernanke says Fed may taper QE on signs of sustained improvement Read more »

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May 23 (BusinessDesk) US stocks and bonds fell, both giving up earlier gains, after Federal Reserve chief Ben Bernanke suggested the central bank might scale back stimulus measures as early as at its next meeting. Read more »

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May 22 (BusinessDesk) New Zealand shares rose as Ryman Healthcare climbed to a new record, bouncing back from a decline that may have been triggered by a rivals stock selldown, while Fletcher Building halted its slide analyst presentation sin … Read more »

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May 22 (BusinessDesk) – The New Zealand dollar edged lower in the local session as investors hold off from making any decisions ahead of Federal Reserve chairman Ben Bernankes Congressional testimony, where hes expected to give his view on whether … Read more »

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May 22 (BusinessDesk) – Ecoya, which counts the Bakery Business LP as its biggest shareholder, has changed its name to Trilogy International as the skincare range it bought in 2010 dominates sales over its scented candle business and is seen as … Read more »

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May 22 (BusinessDesk) – Property For Industry’s proposed merger with Direct Property Fund to create an $800 million industrial property empire is fair, according to independent appraisals released today. Read more »

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NZ Post sees no impact on debt on issue from S&P lowering rating outlook Read more »

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May 22 (BusinessDesk) – DNZ Property Fund, a diversified property investor, reported a 14 percent fall in annual earnings and plans to raise $80 million in a placement to institutional investors and a share purchase plan to help pay for two new acquisitions. Read more »

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May 22 (BusinessDesk) – Vodafone New Zealand, which bought phone company TelstraClear for $840 million last year, lost a net 7,000 mobile customers in the first three months of the year, its ninth straight quarterly decline. Read more »

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May 22 (BusinessDesk) – Asset Finance, the minnow lender which was temporarily stopped from seeking new investment last year over the representation of a related party loan, has been rapped over the knuckles by the Reserve Bank for breaching the cap … Read more »

Article – BusinessDesk

May 22 (BusinessDesk) – The New Zealand dollar weakened against its US counterpart amid speculation growth in the world’s largest economy may spur the Federal Reserve to reduce stimulus, known as quantitative easing. Read more »