Article – Businesswire

Feb. 14 (BusinessDesk) – New Zealand shares fell, led by Mainfreight after the transport group posted quarterly earnings that missed some estimates. Air New Zealand and Freightways also declined. Read more »

Article – BusinessDesk

Feb. 14 (BusinessDesk) – AMP Capital Investors (New Zealand), which manages $12 billion worth of assets, has increased bets on global growth, saying share valuations look attractive even in the face of Europe’s debt crisis. Read more »

Article – BusinessDesk

Feb. 14 (BusinessDesk) – Mainfreight, whose chief executive Don Braid was named Management magazine Executive of the Year in 2011, saw it shares punished today after the transport group posted earnings that missed estimates. Read more »

Press Release – IG Markets

In response to the announcement of Facebook’s initial public offering (IPO), IG Markets has created a ‘grey market’ for its highly anticipated float. The biggest technology IPO since Google’s in 2004, the Facebook float has created a frenzy … Read more »

Press Release – AMP Capital

Following two years of reasonably health returns, 2011 was a challenging year for equity markets but a strong December quarter recovered some of the earlier losses Bevan Graham, Chief Economist for AMP Capital in New Zealand, said at the company’s … Read more »

Article – BusinessDesk

Feb. 14 (BusinessDesk) – George Kerr’s Australasian Equity Partners No. 1 LP has extended its takeover offer again, pushing the closing date out two weeks as his interest in the company tops 65 percent. Read more »

Article – BusinessDesk

Feb. 14 (BusinessDesk) – Opus Group, the NZX-listed engineering consultancy, posted an 11.5 percent gain in first-half profit, though half of the improvement was from a one-off tax credit for short-lived research and development tax credits. Read more »

Press Release – ASB Bank

Investors shrug off Europe worries and dig in for the long haul • ASB Investor Confidence Index steady amid Eurozone woes and low interest rates • Investors continue to show faith in Term Deposits • Bank Savings Accounts trend down while gradual … Read more »

Article – BusinessDesk

Feb. 14 (BusinessDesk) – Mainfreight, the transport and logistics company, reported a weaker-than-expected third quarter, with no growth in volumes and a December performance that lagged the firm’s estimates. It still managed a record profit for the nine-month … Read more »

Article – BusinessDesk

Feb. 13 (BusinessDesk) – New Zealand shares fell, led by Steel & Tube Holdings, which posted a profit drop last week and is one of the first companies to report in earnings season. Freightways ended the day lower after posting earnings that met … Read more »

Press Release – IG Markets

Across Asia, markets are higher after the passing of austerity measures through Greek parliament. Unfortunately, the austerity package has been met with violence in Athens, as riots spread in the capital. The weekend was dominated by developments in Athens … Read more »

Article – BusinessDesk

Feb. 13 (BusinessDesk) – Argosy Property Trust, which is asking unitholders to approve corporatising its capital structure, has sold four Porirua and one Palmerston North properties. Read more »

Press Release – Inland Revenue Department

Inland Revenue has clarified that some investors are able to deduct losses incurred from selling shares which they acquired as part of the Hanover Finance and United Finance/Allied Farmers debt-for-equity swap in December 2009. Read more »

Article – BusinessDesk

Feb. 13 (BusinessDesk) – JB Hi-Fi’s New Zealand operations shone in the Australia-based electronic goods retailer’s otherwise lacklustre first-half results. Read more »

Press Release – Rob Salmond

13 February 2012 Plunket claims about corporate tax simplistic and misleading Casey Plunket’s claims (Chapman Tripp press release 10 Feb 2012) about the role that corporate tax plays in New Zealand are misleading, says Rob Salmond, author of The … Read more »

Article – BusinessDesk

Feb. 13 (BusinessDesk) – Freightways posted a 20 percent jump in first-half profit on revenue gains across all is businesses, giving the courier and information management company room to pay a higher-than-expected interim dividend. Read more »

Article – BusinessDesk

Feb. 13 (BusinessDesk) – New Zealand listed companies will show revenue growth in the latest earnings season, though that won’t translate into fatter profits, according to broker Forsyth Barr. Read more »

Article – Businesswire

Feb. 13 (BusinessDesk) – Investors are once again reminded they shouldn’t count their chickens until they’re hatched. The fate of Greece within the euro zone appears set to be decided within days. Time has run out. The Greeks have no one to blame but … Read more »

Article – BusinessDesk

Feb. 10 (BusinessDesk) – New Zealand shares rose as Fletcher Building climbed to a four-month high on speculation its earnings will recover from their current slump as the rebuild of Christchurch drives construction activity. Read more »

Article – BusinessDesk

Feb. 10 (BusinessDesk) – New Image, which makes colostrum-based health tonics, fell into the red in the first half after Malaysian pharmacies and retailers discounted the manufacturer’s drink powders, eroding sales. Read more »