Latest Posts in February 2010

Air New Zealand today announced normalised earnings* before taxation of $96 million for the six month period ended 31 December 2009, an increase of $70 million on the same period last year.
The Board has declared a fully imputed interim dividend of three cents per share.
Key highlights

Normalised earnings* before taxation of $96 million, up $70 million
Normalised [...]

New Zealand recorded its smallest annual trade deficit since July 2002 in January, reflecting weaker-than-expected imports outpacing a decline in exports.
For the month of January, merchandise trade recorded a surplus of $269 million, the first in eight months.
The deficit was $178 million in the 12 months ended January 31, from a revised deficit of $549 [...]

Cutting-edge learning technology developed by New Zealand companies will be on show at the International Conference on Teaching and Learning Technology (iCTLT) 2010 in Singapore from March 4-6, 2010. New Zealand Trade & Enterprise, the New Zealand Government’s national economic development agency, has announced that seven companies will participate at the show to demonstrate world-class e-learning, teaching and [...]

New Zealand and Hong Kong celebrates new milestone in bilateral relations at Chinese New Year reception

“The free trade agreement reached between Hong Kong and New Zealand late last year will bring significant growth to the bilateral trade,” the Director of the Hong Kong Economic and Trade Office, Sydney, Ms Lorna Wong, told a group of 200 [...]

New Zealand business confidence rose to the highest level since April 1999, with companies growing more upbeat across manufacturing, agriculture, construction and services, suggesting the economic recovery will gather pace this year.
A net 42% of companies surveyed expect a pick-up in trading over the coming year, up from a net 36.9 percent in December, according [...]

AS THE airline industry begins to pick up strength after a prolonged travel slump, carriers are spending millions on new cabin products and services as they compete for returning customers.
Singapore Airlines on Tuesday launched its retrofitted Boeing 777-200 aircraft, with leather lie-flat seats in business class, and bigger personal entertainment screens in both premium and [...]

Fonterra has increased it’s full year profit forecast by five cents per share, and says more revisions are possible.
The company now expects its distributable profit to between 40 - 50 cents per share, up from the 35 - 45 cents it forecast in December.
But it has not changed it’s target dividend range - of between [...]

Federated Farmers says it welcomes the 10% boost Fonterra announced for its forecast distributable profit in the current 2009-2010 season, not the least because the extra money will be retained by the company, rather than paid out to farmers.
Lifting the range of the expected distributable profit by 5c to between 40c and 50c a share, [...]

Singapore, February 24, 2010 – Cutting-edge learning technology developed by New Zealand companies will be on show at the International Conference on Teaching and Learning Technology (iCTLT) 2010 in Singapore from March 4-6, 2010. New Zealand Trade and Enterprise, the New Zealand Government’s economic development agency, announced that seven companies will participate at the show [...]

Fonterra says it has lifted its “distributable profit” forecast by 5c for the current 2009-2010 season to between 40c to 50c a share - but doesn’t plan to pass on the extra earnings to its 10,500 farmers.
Distributable profit is the total surplus from Fonterra’s business available for distribution to farmer shareholders by way of dividend, [...]