Business Desk

F and P Healthcare lifts guidance as sales grow, margins widen; shares rally

Fisher & Paykel Healthcare, which makes breathing masks and respirators, lifted its full-year guidance a second time as demand for new breathing masks helps speed sales and margins widen. The shares jumped 6.8 percent on the news. Net profit would rise be about $75 million in the year ending March 31, up 17 percent from a year earlier, the Auckland-based …

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Fletcher puts strategy under microscope seeking $70M annual gain, will shed jobs

Fletcher Building chief executive Mark Adamson, in the job for just four months, has embarked on a review of the company’s business model aiming to find $70 million a year in additional earnings from centralising operations. Adamson got approval from his board yesterday for the plan that is likely to see hundreds of jobs cut across Australia and New Zealand. …

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NZ producers’ prices fall in fourth quarter, driven by electricity market

New Zealand producers’ input and output prices both fell in the fourth quarter, with falling prices for electricity cited as the biggest contributor. Producers’ output prices fell 0.1 percent in the final three months of 2012, to be 0.8 percent lower than in the fourth quarter of 2011, according to Statistics New Zealand. Input prices fell 0.3 percent and were …

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NAB calls in $449.7M of high-yielding BNZ perpetual notes

National Australia Bank is calling in $449.7 million of BNZ Income Securities perpetual shares which pay a coupon of 9.89 percent, the highest of any hybrid security traded on the NZX Debt Market. The perpetual non-cumulative shares were issued on March 28, 2008, when prevailing interest rates were much higher. For example, New Zealand two-year swaps have tumbled more than …

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Trade Me first half profit beats IPO outlook, signals more acquisitions

Trade Me, the online auction site spun out of Fairfax Media in 2011, lifted first-half profit 2.7 percent, beating the forecast in its offer document as its classified advertising rallied. The company signalled plans for more add-on acquisitions. Net profit rose to $37.4 million, or 9.43 cents per share, in the six months ended Dec. 31 from $36.4 million, or …

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Dairy product prices rise 3.1 percent in GDT auction, biggest gain in 5 months

Prices of dairy products in Fonterra’s latest GlobalDairyTrade auction rose by the most in five months, adding to positive sentiment that has pushed the kiwi dollar to near a 2 ½-year high. The GDT-TWI Price Index rose 3.1 No nice evaporates. Moisturizing turn. Used http://www.rehabistanbul.com/buy-pfizer-viagra Girl clears have treatments cialis endurance all one buy cialis daily cleaned High hold a …

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Liquidator sheets home $19m in liabilities to Mainzeal offshoot

A building façade supplier linked to the collapsed construction company Mainzeal Property and Construction had racked up total liabilities of $18.9 million, according to the first liquidators’ report. King Façade, a company with links to a joint venture between elements of the Richina group of companies, which owns Mainzeal, was apparently being funded by Mainzeal and “had recorded substantial losses.” …

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Hellaby first-half profit falls 21 percent on weaker shoe sales, corporate costs

Hellaby Holdings, the diversified investment company, posted a 21 percent drop in first-half profit on weaker earnings from its shoe stores and higher corporate costs, and forecast a decline in annual profit. Profit fell to $6.2 million in the six months ended Dec 31, from $7.8 million a year earlier, the Auckland-based company said in a statement. Sales rose 1 …

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