UK joint venture eats into A2 profit
THE cost of setting up a joint venture in the UK impacts on NZ dairy producer A2’s profit, but sales surge in Australia.
Breaking News
Toyota says new Prius, fuel cell car due
TOYOTA is working on a next-generation Prius hybrid and its first hydrogen fuel cell car for release in 2015.
Air NZ profit takes off
AIR New Zealand increases its net profit for the year by $111m and says indications are that the 2014 result will be even better.
Gold falls amid Syria tension
MOST precious metals fall, with gold dropping 0.1 per cent, as a stronger US dollar dampens investor appetite for safe-haven assts amid fears over Syria.
NZ shares fall, taking lead from overseas
NEW Zealand’s benchmark share index has dropped 0.7 per cent, amid “negative sentiment from the overseas bourses”.
Stocks to watch at close on Wednesday
STOCKS of interest on the Australian Securities Exchange at close on Wednesday
Jobs and costs cuts continue at Transfield
TRANSFIELD will continue to axe jobs in another wave of cost-cutting.
Dollar hits Warrnambool Cheese profit
WARRNAMBOOL Cheese and Butter’s full year profit has halved because of the high Australian dollar.
Consumer confidence weighing on Woolies
WOOLWORTHS is sticking with its long term aim of 10% annual profit growth, but it doesn’t expect to achieve the target this year.
Small supermarkets feeling the pinch
SUPERMARKET supplier Metcash says times are tough due to low consumer confidence and the price war between Coles and Woolworths.
Fall in construction, blame the election
UNCERTAINTY ahead of the federal election could be the reason why construction work done in Australia was weaker than expected in the June quarter.
Countdown chain lifts earnings 3.5%
WOOLWORTH’S Countdown supermarkets have increased profit and sales despite “increasingly challenging” retail trading conditions.
Syrian tensions impact on kiwi dollar
MIDDLE East tensions have ramped up market risk aversion, sapping demand for the kiwi dollar.
BC Iron shares reach record high
BC Iron shares have soared due to higher production and a doubling of its dividend to shareholders.
Abano seeks $NZ18.5m from investors
HEALTH clinic investor Abano Healthcare is seeking to raise up to $NZ18.5m to help fund further acquistions in Australia and New Zealand.
International financial news
FINANCE news in brief from around the world.
Gold soars to three-month high
GOLD prices have soared, up two per cent to a three-month high, amid jitters over rising political tension in the Middle East.
US consumer confidence up in August
THE Conference Board says its consumer confidence index rose to 81.5 in August.
Original URL: https://www.themercury.com.au/business/breaking-news/page/180