Menu
Menu
Search
Home

All News

MARKET CLOSE NZ shares slip on Fonterra dividend cut, high dollar hurts Ebos

MARKET CLOSE NZ shares slip on Fonterra dividend cut, high dollar hurts Ebos

Dec. 11 (BusinessDesk) – New Zealand shares fell after Fonterra Cooperative Group unexpectedly cut its forecast dividends and earnings for 2014, while the high kiwi against the Australian dollar weighed on companies such as Ebos Group with businesses across the Tasman. The NZX...

11 Dec 2013
Synlait Milk flags faster growth in 2014 as Fonterra cuts guidance

Synlait Milk flags faster growth in 2014 as Fonterra cuts guidance

By Paul McBeth Dec. 11 (BusinessDesk) - Synlait Milk, the milk processor which joined the NZX in July, says earnings will beat guidance next year on cheaper raw milk prices and growing demand for its products. That contrasts with Fonterra Cooperative Group, which today slashed...

11 Dec 2013
NZ dollar falls after Fonterra holds farmgate price; RBNZ looms

NZ dollar falls after Fonterra holds farmgate price; RBNZ looms

By Paul McBeth Dec. 11 (BusinessDesk) - The New Zealand dollar fell after dairy exporter Fonterra Cooperative Group surprised investors by keeping its forecast payout to farmers unchanged and as traders await the Reserve Bank’s policy statement, which is expected to keep intere...

11 Dec 2013
Chorus warns of more earnings pain from latest review on copper lines

Chorus warns of more earnings pain from latest review on copper lines

10 Dec 2013
Restaurant Brands third quarter sales rise 5.4 percent , buoyed by new Carl’s Jr burger chain

Restaurant Brands third quarter sales rise 5.4 percent , buoyed by new Carl’s Jr burger chain

10 Dec 2013
Fonterra units sink back to issue price as product squeeze hurts dividend, earnings outlook

Fonterra units sink back to issue price as product squeeze hurts dividend, earnings outlook

10 Dec 2013
Fonterra slashes dividend forecast, keeps milk price unchanged in face of price squeeze

Fonterra slashes dividend forecast, keeps milk price unchanged in face of price squeeze

10 Dec 2013
MRP to freeze energy price until April 2015, but transmission prices could change

MRP to freeze energy price until April 2015, but transmission prices could change

10 Dec 2013
NZ dollar pares gains after Fonterra keeps payout to farmers unchanged

NZ dollar pares gains after Fonterra keeps payout to farmers unchanged

10 Dec 2013
While you were sleeping Fed positioning stalls rally

While you were sleeping Fed positioning stalls rally

10 Dec 2013
MARKET CLOSE NZ shares fall as Fonterra units cut to sell; Wynyard, tech stocks gain

MARKET CLOSE NZ shares fall as Fonterra units cut to sell; Wynyard, tech stocks gain

10 Dec 2013
NZ dollar may gain as Chinese data, Fonterra forecast loom

NZ dollar may gain as Chinese data, Fonterra forecast loom

10 Dec 2013
FMA sees big gap between ‘big four’ auditors and the rest

FMA sees big gap between ‘big four’ auditors and the rest

10 Dec 2013
Fonterra units cut to ‘sell’ at Craigs on cost squeeze, earnings disconnect

Fonterra units cut to ‘sell’ at Craigs on cost squeeze, earnings disconnect

10 Dec 2013
UPDATE Air New Zealand expects 1H pre-tax earnings of $166.8 mln, on target to exceed FY earnings

UPDATE Air New Zealand expects 1H pre-tax earnings of $166.8 mln, on target to exceed FY earnings

10 Dec 2013
Air New Zealand expects 1H pre-tax earnings to rise 20 percent , on target to exceed FY earnings

Air New Zealand expects 1H pre-tax earnings to rise 20 percent , on target to exceed FY earnings

10 Dec 2013
LVR tinkering shows Reserve Bank not immune to lobbying, NZIER says

LVR tinkering shows Reserve Bank not immune to lobbying, NZIER says

10 Dec 2013
RBNZ exempts construction lending from LVR restrictions after lobbying from builders, banks

RBNZ exempts construction lending from LVR restrictions after lobbying from builders, banks

09 Dec 2013
NZ credit, debit card spending climbs 0.6 percent in November, led by sales of consumables

NZ credit, debit card spending climbs 0.6 percent in November, led by sales of consumables

09 Dec 2013
Wynyard shares jump 8.6 percent as Thai Customs contract feeds growth pipeline

Wynyard shares jump 8.6 percent as Thai Customs contract feeds growth pipeline

09 Dec 2013
Pyne Gould expects to sell remaining NZ assets next year, chairman Mogridge says

Pyne Gould expects to sell remaining NZ assets next year, chairman Mogridge says

09 Dec 2013
NZ dollar touches fresh 5-year high against Australian dollar ahead of business confidence report

NZ dollar touches fresh 5-year high against Australian dollar ahead of business confidence report

09 Dec 2013
While you were sleeping Deciphering Fed speak

While you were sleeping Deciphering Fed speak

09 Dec 2013
Most Popular
1
Nikki Connors silent as Propellor Property sinks owing $130,000
Riley Kennedy 2:38pm
2
Developer shocked by $72,000 Vector quote on work completed for ‘a box of beers’
Garth Bray 2:38pm
3
Formcrete Construction owes $7.4m as liquidation unfolds
Riley Kennedy 2:37pm
4
Merger of Ministry for the Environment, Ministry of Transport and Ministry of Housing and Urban Development on the cards
Dileepa Fonseka 2:30pm
5
Transpower confirms warning about potential energy shortfall next winter
Ian Llewellyn 2:37pm