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Millennium and Copthorne profit declines, plans $60 million capital raising for Chinese development

Millennium and Copthorne profit declines, plans $60 million capital raising for Chinese development

By Suze Metherell Feb. 14 (BusinessDesk) – Millennium & Copthorne Hotels New Zealand, which operates 22 hotels across the country, reported a 37 percent decline in 2013 profit, reflecting one-time earthquake related gains in the year earlier. Net profit fell to $32.2 million in...

14 Feb 2014
Pyne Gould completes relocation to Guernsey, seeking better growth prospects

Pyne Gould completes relocation to Guernsey, seeking better growth prospects

Feb. 14 (BusinessDesk) - Pyne Gould Corp, the asset management firm controlled by George Kerr, has completed its relocation from New Zealand to Guernsey. The company made the move after it shifted its focus away from New Zealand investments to Australia and the UK. It plans to l...

14 Feb 2014
Controversial seabed ironsands mining hearings scheduled for March

Controversial seabed ironsands mining hearings scheduled for March

By Pattrick Smellie Feb. 14 (BusinessDesk) – Just 11 of the 4,702 submissions on proposed ironsands mining off the coast of Patea favour the scheme, although a summary of objectors shows divided opinions in the fishing industry and conditional support from local and central gove...

14 Feb 2014
Heartland to buy ‘home equity release’ business for $87M, to raise $20M from shareholders

Heartland to buy ‘home equity release’ business for $87M, to raise $20M from shareholders

14 Feb 2014
Synlait bolsters testing of milk in wake of Fonterra’s WPC scare last year

Synlait bolsters testing of milk in wake of Fonterra’s WPC scare last year

14 Feb 2014
Vital Healthcare posts 48 percent gain in 1H earnings, signals further development potential

Vital Healthcare posts 48 percent gain in 1H earnings, signals further development potential

13 Feb 2014
Summerset gains resource consent for $55M retirement village in New Plymouth

Summerset gains resource consent for $55M retirement village in New Plymouth

13 Feb 2014
NZ property sales fall 4.3 percent in January, median price slips from record high

NZ property sales fall 4.3 percent in January, median price slips from record high

13 Feb 2014
Dairy products dominate annual food price rises

Dairy products dominate annual food price rises

13 Feb 2014
Bob Ingham delivers golden egg in final year of NZ poultry production

Bob Ingham delivers golden egg in final year of NZ poultry production

13 Feb 2014
Michael Hill 1H earnings in line with guidance; invests in US bridal trial

Michael Hill 1H earnings in line with guidance; invests in US bridal trial

13 Feb 2014
Heartland stock halted pending announcement

Heartland stock halted pending announcement

13 Feb 2014
NZ dollar rises against greenback weakened by sluggish retail sales, winter storms

NZ dollar rises against greenback weakened by sluggish retail sales, winter storms

13 Feb 2014
While you were sleeping Time Warner Cable jumps

While you were sleeping Time Warner Cable jumps

13 Feb 2014
MARKET CLOSE NZ shares gain as Turners Auctions beats guidance, Michael Hill gains

MARKET CLOSE NZ shares gain as Turners Auctions beats guidance, Michael Hill gains

13 Feb 2014
NZ dollar jumps to almost 2-week high vs. Aussie after weak jobs data

NZ dollar jumps to almost 2-week high vs. Aussie after weak jobs data

13 Feb 2014
South Port 1H profits weaken as warehouse returns ebb, offsetting gain in cargo volumes

South Port 1H profits weaken as warehouse returns ebb, offsetting gain in cargo volumes

13 Feb 2014
NZ banks expected to maintain sound asset quality as interest rates rise, S and P says

NZ banks expected to maintain sound asset quality as interest rates rise, S and P says

13 Feb 2014
Shares in Cooks Global Foods jump 13 percent on Esquires expansion plans in Middle East

Shares in Cooks Global Foods jump 13 percent on Esquires expansion plans in Middle East

12 Feb 2014
NZ manufacturing extends expansion for 16th month, driven by new orders, production

NZ manufacturing extends expansion for 16th month, driven by new orders, production

12 Feb 2014
Turners Auctions beats annual profit forecast; shares rise to highest in more than eight years

Turners Auctions beats annual profit forecast; shares rise to highest in more than eight years

12 Feb 2014
Regulator affirms view that Christchurch Airport prices too high, lack transparency

Regulator affirms view that Christchurch Airport prices too high, lack transparency

12 Feb 2014
RESEND NZ dollar falls to week low against British pound after Bank of England ups growth forecasts

RESEND NZ dollar falls to week low against British pound after Bank of England ups growth forecasts

12 Feb 2014
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