NZ dollar follows Aussie higher as expectations for RBA dwindle
Fri, 22 Feb 2013
Feb. 22 (BusinessDesk) - The New Zealand dollar followed its trans-Tasman buddy higher after Reserve Bank of Australia governor Glenn Stevens backed the current target cash rate and downplayed the ch...
Ports of Auckland 1H profit falls 17 percent as container volumes drop
Thu, 21 Feb 2013
Feb. 22 (BusinessDesk) – Ports of Auckland, whose operations have been disrupted by a drawn-out industrial dispute that scared off customers, posted a 17 percent decline in first-half profit on reduce...
Sky TV lifts 1H profit 9 percent as subscribers spend more, migrate to My Sky
Thu, 21 Feb 2013
Feb. 22 (BusinessDesk) – Sky Network Television, the pay-TV company that’s 44 percent owned by News Corp, reported a 9 percent gain in first-half profit as subscribers migrated to its My Sky premium...
Solid Energy's lignite plans dead, all related assets for sale
Thu, 21 Feb 2013
Feb. 22 (BusinessDesk) - State-owned coal miner Solid Energy's plans for a multi-billion dollar new industry based on turning low-grade Southland lignite coal into diesel, fertiliser and burnable briq...
Telecom 'fast, fair and fearless' restructure will have 'material' impact
Thu, 21 Feb 2013
By Paul McBeth Feb. 22 (BusinessDesk) - Telecom Corp's annual earnings face a material impact from a major overhaul of the business to become a data-driven and mobile-focused telecommunications opera...
Vital Healthcare 1H distributable profit rises 44 percent as building projects lift income
Thu, 21 Feb 2013
Feb. 22 (BusinessDesk) – Vital Healthcare, which invests in medical and healthcare properties, lifted distributable profit by 44 percent after completing three add-on building projects at existing Au...
Metlifecare on track for $60M full-year post-merger cashflows
Thu, 21 Feb 2013
Feb. 22 (BusinessDesk) - Retirement village operator and aged care provider Metlifecare says it's on track to meet its primary guidance of $60 million full-year operating cashflow after reporting cash...
Telecom ekes out gain in 1H underlying earnings as mobile props up dwindling sales
Thu, 21 Feb 2013
By Paul McBeth Feb. 22 (BusinessDesk) - Telecom Corp, the country's biggest phone company, eked out a 3.7 percent lift in first-half underlying earnings as revenue from its mobile business propped up...
Diligent sees no need to restate earnings after review of executive options
Thu, 21 Feb 2013
Feb. 22 (BusinessDesk) – Diligent Board Member Services, whose shares have more than doubled in the past 12 months, says it sees no need to restate earnings after reviewing a report into executive op...
NZ dollar falls vs. greenback, yen as risk appetite ebbs, commodities fall
Thu, 21 Feb 2013
Feb. 22 (BusinessDesk) – The New Zealand dollar declined against the greenback and the yen as equities markets and commodities fell and figures showed the US economy is still growing only weakly. Th...
While you were sleeping Stocks extend decline
Thu, 21 Feb 2013
By Margreet Dietz Feb 22 (BusinessDesk) - Wall Street extended losses for a second day amid concern the Federal Reserve's stimulus for the US economy might end sooner than expected, while the latest...
NZ antitrust regulator gives thumbs up for Hirepool to buy Hirequip
Thu, 21 Feb 2013
By Paul McBeth Feb. 21 (BusinessDesk) - The Commerce Commission has cleared rental equipment operator Hirepool to buy Hirequip out of receivership, saying the two operate in different sectors and are...