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Europe (European) stories

F&P Appliances see records surge in global sales, narrows full-year loss
Taxation

F&P Appliances see records surge in global sales, narrows full-year loss

Fisher & Paykel Appliances narrowed its full-year loss in 2014 after sales growth across all its markets helped drive a surge in revenue.

By Pattrick Smellie • 3 min read • Thu, 2nd Apr 2015
F&P Appliances records surge in global sales, narrows full-year loss
Fisher & Paykel Finance

F&P Appliances records surge in global sales, narrows full-year loss

Fisher & Paykel Appliances, the Auckland-based manufacturer and consumer credit company owned by China's Haier Group, narrowed its full-year loss in 2.

By Pattrick Smellie • 3 min read • Thu, 2nd Apr 2015
Wellington Drive widens annual loss, NZX's SuperLife underwrites $3m share issue
Supply Chain

Wellington Drive widens annual loss, NZX's SuperLife underwrites $3m share issue

Wellington Drive Technologies, the unprofitable manufacturer of energy efficient motors, widened its annual loss as sales dropped 35 percent.

By Pattrick Smellie • 2 min read • Mon, 2nd Mar 2015
UPDATE: Fonterra Shareholders' Council relieved at dairy forecast being maintained
Westpac

UPDATE: Fonterra Shareholders' Council relieved at dairy forecast being maintained

Farmers will be relieved at today's decision by Fonterra Cooperative Group, the world's largest dairy exporter, to maintain its forecast payout to fa.

By Pattrick Smellie • 4 min read • Thu, 26th Feb 2015
Turners & Growers full-year profit falls 1.9% on processing, NZ trading losses
Shares

Turners & Growers full-year profit falls 1.9% on processing, NZ trading losses

Turners and Growers reports a 1.9% decline in full-year profit to NZD $16.6 million, attributing losses to processed foods and New Zealand trading pressures.

By Pattrick Smellie • 2 min read • Thu, 26th Feb 2015
Fonterra kicks off $144 million partnership with Dutch cheese maker
Partner Programmes

Fonterra kicks off $144 million partnership with Dutch cheese maker

Fonterra Co-operative Group, the world's largest dairy exporter, has commissioned a new dairy ingredients plant in Heerenveen, in the north of the.

By Pattrick Smellie • 2 min read • Tue, 17th Feb 2015
While you were sleeping: Optimism for Greek debt deal
Power / Energy

While you were sleeping: Optimism for Greek debt deal

Equities on both sides of the Atlantic advanced amid speculation Greece and its international lenders will reach a deal soon that would safeguard t.

By Pattrick Smellie • 3 min read • Wed, 11th Feb 2015
NZ dollar gains as Greek talks with eurozone officials eyed
New Zealand Dollar

NZ dollar gains as Greek talks with eurozone officials eyed

The New Zealand dollar gained, clawing back much of the ground lost in the wake of a stronger-than-expected US jobs report as traders eye developme.

By Pattrick Smellie • 2 min read • Mon, 9th Feb 2015
NZ commodity prices fall 0.9% in January, extending 12-month slide to 19%
Kiwifruit

NZ commodity prices fall 0.9% in January, extending 12-month slide to 19%

New Zealand commodity prices fell in January, extending their 12-month slide to about 19 percent, led by casein, wool, beef and aluminium.

By Pattrick Smellie • 2 min read • Tue, 3rd Feb 2015
Eco-lender Prometheus Finance calls in receiver
Fintech

Eco-lender Prometheus Finance calls in receiver

Prometheus Finance, the Wellington-based finance company with a mandate for socially responsible lending, has called in receivers after failing to.

By Pattrick Smellie • 3 min read • Mon, 22nd Dec 2014
NZ dollar edges up as yields remain attractive
Christmas

NZ dollar edges up as yields remain attractive

The New Zealand dollar edged up against the greenback as traders seek higher yielding assets heading into the New Year after the Swiss National Ban.

By Pattrick Smellie • 2 min read • Mon, 22nd Dec 2014

Global Stories

Europe (European) stories

While you were sleeping: US durable goods orders drop
Wall Street

While you were sleeping: US durable goods orders drop

Stocks on Wall Street and in Europe slid after an unexpected drop in US durable goods orders bolstered concern about the strong greenback and its impa.

By Pattrick Smellie • 3 min read • Thu, 26th Mar 2015
Kathmandu slows pace of store openings after first-half loss
Taxation

Kathmandu slows pace of store openings after first-half loss

Kathmandu Holdings, which operates 157 outdoor clothing and equipment outlets, is pulling back the pace of new store openings after aggressive price d.

By Pattrick Smellie • 3 min read • Tue, 24th Mar 2015
While you were sleeping: Weak data quell rate rise fear
Wall Street

While you were sleeping: Weak data quell rate rise fear

Wall Street advanced as weaker-than-expected data on US manufacturing and the housing industry bolstered hopes the Federal Reserve might affirm that i.

By Pattrick Smellie • 3 min read • Tue, 17th Mar 2015
While you were sleeping: Greenback extends rally
Wall Street

While you were sleeping: Greenback extends rally

Wall Street seesawed as the US dollar continued its climb amid bets the Federal Reserve is gearing up to lift interest rates as early as June.

By Pattrick Smellie • 3 min read • Thu, 12th Mar 2015
Weak global demand weighs on New Zealand sheep, cattle prices
Silver Fern Farms

Weak global demand weighs on New Zealand sheep, cattle prices

Weakening demand in China and Europe, combined with the impact of a nine-month port strike on the US West Coast, have eroded farmgate prices for sheep.

By Pattrick Smellie • 3 min read • Tue, 3rd Mar 2015
NZ Dollar Outlook: Kiwi at the mercy of overseas moves this week
Fonterra

NZ Dollar Outlook: Kiwi at the mercy of overseas moves this week

The New Zealand dollar will probably be at the mercy of overseas news this week with several central bank meetings and key data releases.

By Pattrick Smellie • 3 min read • Mon, 2nd Mar 2015
World Week Ahead: Fed minutes, US jobs
Wall Street

World Week Ahead: Fed minutes, US jobs

Investors will scrutinise the minutes from the US Federal Reserve December policy meeting at which it promised patience in raising interest rates,.

By Pattrick Smellie • 4 min read • Mon, 5th Jan 2015