Business News

Thursday, 23 May 2013

Business News

F&P Healthcare FY earning beat guidance, sees more gains
10:10 | 23/5/13

Scoop
F&P Healthcare beats 2013 guidance, forecasts boost in 2014 profit; shares gain to 2 ½ year high more»
DNZ Property sells $60M of shares at 1.8% discount
10:07 | 23/5/13

Scoop
May 23 (BusinessDesk) - DNZ Property Fund, which reported a 14 percent decline in annual distributable earnings yesterday, completed its $60 million placement to institutional investors at a 1.8 percent discount. more»
Rakon plunges deeper into the red on writedowns; shares drop
10:04 | 23/5/13

Scoop
May 23 (BusinessDesk) - Rakon, which makes crystal oscillators used in smart phones and navigation systems, plunged deeper into the red after writing down the value of its Chinese and New Zealand units, and posting underlying earnings at the bottom ... more»

Warehouse to run TV infomercials
09:59 | 23/5/13

3News
The Warehouse is planning to expand its online presence and run long-form infomercial-style advertisements on television. more»
Comvita FY profit falls 10%, beating guidance
09:58 | 23/5/13

Scoop
May 23 (BusinessDesk) - Comvita, which produces health products from manuka honey and olive leaves, posted a 10 percent decline in full-year profit, beating its own guidance as it coped with a shortage of honey and higher costs. more»
A level playing field needed for accommodation
09:57 | 23/5/13

Scoop
It’s time the accommodation sector had a level playing field, with sectors such as holiday homes and Bed & Breakfasts regulated and taxed to the same extent as other commercial providers, says the Motel Association of New Zealand (MANZ). more»
Argosy lifts FY profit after year-earlier charges
09:51 | 23/5/13

Scoop
May 23 (BusinessDesk) – Argosy Property reported a jump in full-year profit after earnings in the previous year were eroded by the costs of internalising its management contract. Net property income fell 1.8 percent. more»
Women Leading In Real Estate Sales Statistics
09:44 | 23/5/13

Scoop
Female agents are leading the way in Auckland’s residential sales statistics according to recent performance results from the City’s premier real estate company, Barfoot & Thompson. more»
Fisher & Paykel Healthcare Record Full Year Net Profit Up
09:40 | 23/5/13

Scoop
Fisher & Paykel Healthcare Corporation Limited (NZSX:FPH, ASX:FPH) today reported record net profit after tax of NZ$77.1 million for the year ended 31 March 2013, an increase of 20% compared to the prior year. Full year operating revenue was a ... more»
NZ Businesses Buck Trend On Wanting More Tax Guidance
09:27 | 23/5/13

Scoop
New Zealand businesses don’t want as much tax guidance as their overseas counterparts, according to the latest research from the Grant Thornton International Business Report. more»
Reaching For The Rug This Winter? You’re Not Alone
09:18 | 23/5/13

Scoop
As the country bids farewell to one of the longest driest summers on record, a new consumer survey shows that many New Zealanders face a cold winter in their homes. more»
Airports Salute Outgoing Christchurch Airport Chief Exec
08:59 | 23/5/13

Scoop
New Zealand Airports Association Chief Executive Kevin Ward saluted Jim Boult’s contribution to the sector following news that he is to step down as Christchurch Airport’s CEO at the end of the year. more»
Markets like Bernanke testimony
08:51 | 23/5/13

3News
Federal Reserve boss Ben Bernanke has delivered his much-anticipated testimony to Congress, and so far the markets like it. more»
NZ dollar declines after Bernanke says Fed may taper QE
08:41 | 23/5/13

Scoop
NZ dollar declines after Bernanke says Fed may taper QE on signs of sustained improvement more»
Software patents get complicated
08:40 | 23/5/13

Scoop
The Patents Bill has had a tortuous ride through Parliament – to say the least. more»

Global Indices

Code	Last	Change
NZ50	4,610	0	0.00%
COMP	3,463	39	1.11%
DJI	15,307	80	0.52%
SP500	1,655	14	0.83%
DAX	7,789	91	1.15%
FTSE	6,840	36	0.53%
NI225	12,494	22	0.18%
TWI	76.39	0.20	0.26%

17:24	NZ dollar slips as investors await Bernanke's take on QE
16:33	Gen-i and SAP Partner to Mobilise NZ Business and Government
18:08	Ministry collects gate revenue share in cash
19:58	British Pound Sterling Live: GBP under renewed pressure versus EUR, USD ...
19:13	Pound sterling outlook: MPC Minutes dominate today's picture, GBP/USD and ...

Code	Last	Change
EURUSD	1.285	0.007	0.53%
NZDUSD	0.8063	0.0101	1.24%
AUDUSD	0.9695	0.0126	1.28%
NZDAUD	0.8317	0.0011	0.13%


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