BusinessDesk - Latest News [Page 1]

Warehouse eyes costs, better products as it targets growth

Friday, 6 March 2015, 12:10 pm | BusinessDesk

March 6 (BusinessDesk) - Warehouse Group is turning its focus to reducing costs and improving its products and productivity as it seeks to get a return from its increased spending on the business. More >>

NZ wholesale trade rises for third quarter in December

Friday, 6 March 2015, 11:14 am | BusinessDesk

March 6 (BusinessDesk) - New Zealand's wholesale trade grew for a third quarter in the final three months of 2014, with increased activity for apparel, pharmaceuticals and furniture leading the expansion. More >>

Fulton Hogan 1H earnings dip on weak Aussie economy

Friday, 6 March 2015, 10:53 am | BusinessDesk

March 6 (BusinessDesk) - Fulton Hogan, the privately held construction firm, says first-half pre-tax earnings dropped 10 percent as Australia's economic woes kept a lid on spending in the resources and state sectors, while the strong kiwi dollar ... More >>

Banks relieved as RBNZ drops '5-plus' test for home loans

Friday, 6 March 2015, 10:02 am | BusinessDesk

March 6 (BusinessDesk) - The major banks are breathing a sigh of relief that the Reserve Bank of New Zealand has dropped proposals that would have deemed anyone owning five or more residential properties as a commercial borrower, although the Property ... More >>

Air NZ bins 'opt out' travel insurance after warning

Friday, 6 March 2015, 9:32 am | BusinessDesk

March 6 (BusinessDesk) - Air New Zealand, the national carrier, will scrap its pre-selected travel insurance option after receiving a formal warning from the Commerce Commission, which is cracking down on businesses misleading consumers with 'opt out' additional ... More >>

Warehouse trims FY profit, dividend forecast on weak trading

Friday, 6 March 2015, 9:17 am | BusinessDesk

March 6 (BusinessDesk) - Warehouse Group lowered its forecasts for annual profit and dividends after New Zealand's largest listed retailer posted weaker first-half earnings as its Red Sheds and Noel Leeming units missed expectations. More >>

NZ economy to grow close to 3% in 2015, says Moody's

Friday, 6 March 2015, 8:37 am | BusinessDesk

NZ economy to grow close to 3% in 2015 as building offsets dairy decline: Moody's More >>

NZ dollar falls after RBNZ eyes property speculation

Friday, 6 March 2015, 8:34 am | BusinessDesk

March 6 (BusinessDesk) - The New Zealand dollar fell after the Reserve Bank said it is looking at ways to curb lending to residential property investors, which could pave the way for it to lower interest rates. More >>

While you were sleeping: European stocks, bonds rally

Friday, 6 March 2015, 7:58 am | BusinessDesk

March 6 (BusinessDesk) - European stocks climbed, while the euro dropped to the lowest level in more than 11 years, after the European Central Bank said it will start wider asset purchases next week. More >>

MARKET CLOSE: NZ shares fall, led by Meridian, Spark

Thursday, 5 March 2015, 5:31 pm | BusinessDesk

March 5 (BusinessDesk) - New Zealand shares fell, led by Meridian Energy ahead of its second instalment receipt coming due in May. Spark New Zealand and Fletcher Building declined. More >>

NZ dollar drops after RBNZ looks at loan curbs

Thursday, 5 March 2015, 5:09 pm | BusinessDesk

March 5 (BusinessDesk) - The New Zealand dollar dropped after the Reserve Bank said it's looking at ways to restrict lending on residential property investments, stoking speculation it would then have more room to cut interest rates. More >>

Trustpower says churn lower when telco services added

Thursday, 5 March 2015, 4:59 pm | BusinessDesk

March 5 (BusinessDesk) - Trustpower, the multi-utility company controlled by Infratil, said customers that buy electricity and telco services have a much lower rate of churn than those that only buy one service. More >>

CRP seeks another $1.25M to pursue new seabed mining licence

Thursday, 5 March 2015, 4:44 pm | BusinessDesk

March 5 (BusinessDesk) - Would-be seabed miner Chatham Rock Phosphate is looking to raise a further $1.25 million as its key staff take pay cuts and the company pursues both legislation changes and a new mining consent under the controversial new law ... More >>

CORRECT: NZ could reap $190M/year benefit from drones

Thursday, 5 March 2015, 4:35 pm | BusinessDesk

CORRECT: NZ could reap $190M/year benefit becoming first nation to allow beyond-line-of-sight drones More >>

RBNZ starts talks on tougher rules for property speculators

Thursday, 5 March 2015, 3:36 pm | BusinessDesk

March 5 (BusinessDesk) - The Reserve Bank of New Zealand is stepping up preparations to restrict lending to residential property investors as it watches house prices, particularly in Auckland, continue to rise strongly. More >>

Fonterra ponders new bond offer

Thursday, 5 March 2015, 3:24 pm | BusinessDesk

March 5 (BusinessDesk) - Fonterra Cooperative Group, the world's largest dairy exporter, is looking at raising an disclosed amount of new capital through a bond offer. More >>

Regulatory change needed to drive innovation, Stiassny says

Thursday, 5 March 2015, 3:02 pm | BusinessDesk

March 5 (BusinessDesk) - Michael Stiassny, chairman of Auckland lines company Vector, says current regulation doesn’t incentivise the electricity sector to foster new technology into the market. More >>

NZ could reap $190M/year benefit from BLOS drones: report

Thursday, 5 March 2015, 2:53 pm | BusinessDesk

NZ could reap $190M/year benefit becoming first nation to allow beyond-line-of-sight drones More >>

Open Country posts record annual profit on surge in sales

Thursday, 5 March 2015, 12:24 pm | BusinessDesk

March 5 (BusinessDesk) - Open Country Dairy, the dairy manufacturer controlled by Talley's Group, reported a record profit for 2014 as revenue growth outpaced rising cost of sales, and said it expects a "strong" result in 2015 More >>

Bridges pushes NZ as 'most ready' for electric cars

Thursday, 5 March 2015, 11:45 am | BusinessDesk

March 5 (BusinessDesk) - Transport and Energy Minister Simon Bridges has officials investigating ways to accelerate the uptake of electric vehicles, although is ruling out incentives or subsidies in what he says is "the most EV-ready country in ... More >>



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