Article – BusinessDesk

Heartland among eight smaller NZ banks put on notice over rising housing risk by S&P Read more »

Article – Businesswire

May 16 (BusinessDesk) New Zealand shares fell after Telecom said competition in fixed-line sales meant full-year earnings would be at the bottom end of guidance, while Ryman Healthcare rose after chalking up another year of plus-15 percent earnings … Read more »

Article – Businesswire

May 16 (BusinessDesk) Wellington International Airport, which the Commerce Commission deems is extracting excessive profits, says a 20 percent increase in revenue from its airline customers reflects a new noise levy and the absence of an international … Read more »

Speech – ACT New Zealand

I rise on behalf of the ACT Party and the people of Epsom to support the Appropriation (2013/2014 Estimates) Bill. ACT will support this Budget and associated legislation. Read more »

Press Release – Mighty River Power

Mighty River Power today confirms the repayment of its $200 million retail bond that matured. Read more »

Article – BusinessDesk

May 16 (BusinessDesk) – Telecoms Gen-i has agreed to sell its Davanti Consulting business in a management buy-out the latest step to trim down IT services unit. Read more »

Press Release – Fonterra

Fonterra Co-operative Group Limited today announced a Final Price of $7.92 per Economic Right of each share that farmer shareholders sell during the current Supply Offer. The price was calculated by reference to an average of the daily traded price on … Read more »

Article – BusinessDesk

May 16 (BusinessDesk) – Agria Corp, the New York Stock Exchange-listed agriculture investor whose top executives left last year, has brushed off local subsidiary PGG Wrightsons profit warning as a temporary setback and is still optimistic … Read more »

Article – Businesswire

May 16 (BusinessDesk) Wellington International Airport, which was deemed by the Commerce Commission to be extracting excessive profits in February, posted a 20 percent increase in full-year revenue from its three main airline customers, its results … Read more »

Article – BusinessDesk

May 16 (BusinessDesk) – Ryman Healthcare, the retirement village operator whose shares have jumped by more than a third this year, boosted annual profit 13 percent as increased sales of units lifted its fee income and as the value of its property portfolio continued … Read more »

Article – BusinessDesk

May 15 (BusinessDesk) New Zealand shares rose, led by Fisher & Paykel Healthcare, as the maker of breathing masks and respirators benefited from a kiwi dollar at a two-month low. NZX rose to a six-year high in anticipation of fees from new listings. Read more »

Press Release – Snakk Media

Derek Handley, chairman and co-founder of Snakk Media Ltd (NZAX: SNK) announced today the opening of a sales office in New Zealand, appointing a senior local executive to join its growing team in this country. This will be the first sales-focussed role … Read more »

Article – BusinessDesk

May 15 (BusinessDesk) – AWF Group, the contract labour firm, more than doubled annual profit after selling its Panacea Healthcare unit and will return most of the $2.24 million proceeds to shareholders via a special dividend. Read more »

Press Release – ACT New Zealand

ACT New Zealand will not support Labour MP Damien OConnors Dairy Industry Restructuring Amendment Bill (No2), ACT New Zealand Primary Industries Spokesman Don Nicolson said today. Read more »

Article – Businesswire

May 15 (BusinessDesk) Goodman Property Trust, which is managed by a unit of ASX-listed Goodman Group, recorded the first increase in the value of its portfolio since 2008, adding to accounting adjustments that contributed to a 92 percent jump in annual … Read more »

Article – BusinessDesk

May 15 (BusinessDesk) – TrustPower, the electricity generator and retailer controlled by Infratil, will pay $13.7 million for the assets of Wanganui council owned Energy Direct New Zealand, allowing it to add customers near its electricity plants. Read more »

Article – BusinessDesk

May 15 (BusinessDesk) – Qantas Airways, Australia’s dominant airline, and Dubai-based Emirates can share services between New Zealand and Australia after the proposal was approved by New Zealand’s government, extending their rivalry with Air New Zealand. Read more »

Article – Businesswire

May 15 (BusinessDesk) – Guinness Peat Group, which expects to rebrand itself as UK threadmaker Coats in the second quarter, has lifted its cash holdings to 329 million pounds, with a further 38 million pounds pending, though its UK pension liabilities … Read more »

Article – BusinessDesk

Chorus to cut price on premium copper product to fill fibre gap during UFB roll-out Read more »

Article – BusinessDesk

May 14 (BusinessDesk) New Zealand shares fell as recently listed MightyRiverPower continued to dominate trading, dropping to within 1 cent of last weeks offering price. PGG Wrightson shed more than 10 percent after cutting its guidance. Read more »