Saturday, 01 November 2014

Business News

  • Solid Energy annual losses mount with another $110.6 mln in

    18:09 | 31/10/14
    Oct. 31 (BusinessDesk) - Solid Energy posted its third annual loss in a row as the financially distressed state-owned coal miner wrote down the value of its export operations amid lower coal price assumptions, and warned of more red ink to come. more»
  • Update: China lifts temporary ban on Fonterra whey products

    18:06 | 31/10/14
    Oct. 31 (BusinessDesk) - Chinese authorities have lifted a temporary ban on the importation of Fonterra Cooperative Group's whey powder and dairy base powder used in the manufacture of infant formula that has been in place since August last year in the wake of the ... more»
  • MARKET CLOSE: NZX 50 rises to a record; led by Ebos

    17:52 | 31/10/14
    Oct. 31 (BusinessDesk) - New Zealand shares rose to a record led by Ebos Group amid optimist about its prospects in Australia as it signalled a 10 percent boost to first quarter trading. Steel & Tube and Fletcher Building were boosted by rising building ... more»
  • NZ dollar heads for 0.5% gain in October

    17:09 | 31/10/14
    Oct. 31 (BusinessDesk) - The New Zealand dollar is heading for a 0.5 percent monthly gain as traders question the sharp appreciation in the greenback since the end of June after an optimistic outlook from the Federal Reserve. more»
  • Hair Loss De-Mystified With Clive Hair Clinics

    16:52 | 31/10/14
    There are a great number of myths and misconceptions about hair loss in men and women and the most common hair problems, representing over 75% of enquiries at Clive Hair Clinics are Genetic Thinning, Diffuse Loss and Alopecia. more»
  • Xero 3Q cash burn slows as customer receipts rise 19%

    16:44 | 31/10/14
    Oct. 31 (BusinessDesk) - Xero, the cloud-based accounting firm, slowed its quarterly cash burn in the September quarter from the June period as customer receipts accelerated faster than staff costs.  more»
  • Heartland affirms FY guidance

    16:39 | 31/10/14
    Oct. 31 (BusinessDesk) - Heartland New Zealand, the bank formed through the merger of Canterbury and Southern Cross building societies with Marac Finance, affirmed its earnings guidance for the 2015 financial year, and sees annual consumer lending ... more»
  • Daifuku investment in BCS accelerates global growth

    16:36 | 31/10/14
    Japan's Daifuku Co., Ltd. is to take a majority stake in one of New Zealand's fastest-growing companies, New Zealand-headquartered BCS Group; in a move described by BCS CEO Patrick Teo as opening doors for the company's plans for faster global expansion and access ... more»
  • Palmers to open popular Planet store in Westgate centre

    16:31 | 31/10/14
    This summer, those living near the expansive new Westgate shopping precinct in West Auckland will join the residents of Albany and Hamilton in being able to enjoy the wonder, convenience and practicality of a Palmers Planet store. more»
  • Mazda delivers miles to RSA milestone

    16:26 | 31/10/14
    Mazda New Zealand has shown support for the Royal New Zealand Returned & Services Association (RNZRSA) by providing them with a new Mazda6 wagon and sedan. The new vehicles will be used to assist with the many events taking place around the country ... more»
  • Settlement of Earthquake Claims Tops $13 Billion

    16:21 | 31/10/14
    The settling of Canterbury earthquake private insurance claims continues apace as pay outs hit the $13 billion mark, advancing at $10 million a day in 2014.  more»
  • TVNZ Outsourcing

    16:07 | 31/10/14
    In regards to the outsourcing of Maori and Pacific programming at TVNZ. Reference TVNZ release Thursday 23rd October.  more»
  • Forestry industry must act as one to end shameful trends

    15:40 | 31/10/14
    “The forestry industry must commit to implementing an action plan for reducing the industry’s shamefully high injury rate – which means forestry workers are 15 times more likely to die on the job,” the Business Leaders’ Health and Safety ... more»
  • Ebos 1Q trading up 10%, new CEO Davies says

    14:56 | 31/10/14
    Oct. 31 (BusinessDesk) - Ebos Group, the healthcare and animal care products company, is tracking ahead of last year in the first three months of trading, as it beds in a much bigger focus in Australia after its 2013 acquisition of pharmaceutical firm ... more»
  • Bill’s passage positive for trans-Tasman Accountants

    14:23 | 31/10/14
    The Accounting Infrastructure Reform Bill (AIRB) passed its third reading today paving the way for Chartered Accountants Australia and New Zealand to officially amalgamate. Lee White FCA, CEO Chartered Accountants Australia and New Zealand welcomed the Bill’s ... more»
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