BusinessDesk - Latest News [Page 1]

Wellington unway extension opponents a noisy minority

Wednesday, 27 May 2015, 6:00 pm | BusinessDesk

May 26 (BusinessDesk) - Opponents to the Wellington International Airport's mooted $350 million runway extension are just a "small minority," says chief executive Steve Sanderson. More >>

MARKET CLOSE: NZ shares fall, led by Metro Glass

Wednesday, 27 May 2015, 5:46 pm | BusinessDesk

MARKET CLOSE: NZ shares fall, led by Metro Glass; Spark, Fletcher sold in offshore exodus More >>

NZ dollar rises with Fonterra 2016 forecast due tomorrow

Wednesday, 27 May 2015, 5:32 pm | BusinessDesk

May 27 (BusinessDesk) - The New Zealand dollar bounced from a two-month low in local trading as investors await the outcome of today's Fonterra Cooperative Group's board meeting, which is expected to have settled the first forecast payout for next season, ... More >>

Ralph Norris to step down from Fonterra board in November

Wednesday, 27 May 2015, 4:23 pm | BusinessDesk

May 27 (BusinessDesk) - Ralph Norris is to step down from the board of Fonterra Co-operative Group following its annual meeting In November. More >>

UPDATE: SkyCity convention centre could be delayed, CEO says

Wednesday, 27 May 2015, 4:14 pm | BusinessDesk

UPDATE: SkyCity CEO says convention centre could be delayed by six months if consents are non-notified More >>

UPDATE: Bob Jones ejected from Air NZ flight

Wednesday, 27 May 2015, 1:55 pm | BusinessDesk

May 27 (BusinessDesk) - Property magnate Bob Jones was ejected from an Air New Zealand flight after refusing to take instructions from cabin crew. More >>

SkyCity says 2H sales up 17.9% to date, eyes property

Wednesday, 27 May 2015, 1:20 pm | BusinessDesk

SkyCity says 2H sales up 17.9% to date, considers property sales to help fund major projects More >>

Bob Jones ejected from Air NZ flight

Wednesday, 27 May 2015, 12:57 pm | BusinessDesk

May 27 (BusinessDesk) - Property magnate Bob Jones was ejected from an Air New Zealand flight after refusing to take instructions from cabin crew. More >>

Turners' profit surges 120%

Wednesday, 27 May 2015, 12:48 pm | BusinessDesk

May 27 (BusinessDesk) - Turners, formerly known as Dorchester Pacific, more than doubled annual profit, beating guidance, reflecting its car auction house acquisition and its financing businesses performing ahead of forecast. More >>

Westland Milk affirms 2015 payout, sees increase in 2016

Wednesday, 27 May 2015, 12:13 pm | BusinessDesk

May 27 (BusinessDesk) - Westland Milk Products, New Zealand's second-largest dairy cooperative, affirmed its milk payout for the 2014-15 season and forecast an increased payout in 2016, when it expects Chinese whole milk powder buyers to return to the ... More >>

NZ govt seeks $1B saving by making Pūhoi-Warkworth a PPP

Wednesday, 27 May 2015, 11:47 am | BusinessDesk

May 27 (BusinessDesk) - The government will put the financing and construction of the Pūhoi-Warkworth Highway out to tender as a public private partnership (PPP), a structure that Transport Minister Simon Bridges says may free up $1 billion of ... More >>

NZ heading for lowest wool clip in 6 years as flock declines

Wednesday, 27 May 2015, 11:30 am | BusinessDesk

NZ heading for lowest wool clip in 6 years as farmers favour meat breeds, sheep flock declines More >>

Metro Glass 8-month profit beats prospectus forecast

Wednesday, 27 May 2015, 10:33 am | BusinessDesk

May 27 (BusinessDesk) - Metro Performance Glass, which has more than half of New Zealand's glass processing market, reported profit ahead of its prospectus forecast, while revenue was lower than expected, which it attributed to capacity constraints ... More >>

Mainfreight beats annual profit guidance, sees further gains

Wednesday, 27 May 2015, 9:53 am | BusinessDesk

May 27 (BusinessDesk) - Mainfreight, the transport and logistics group, topped its annual profit guidance and said earnings will rise further in the coming year. More >>

Energy Mad narrows annual loss in drive to cut costs

Wednesday, 27 May 2015, 9:29 am | BusinessDesk

May 27 (BusinessDesk) - Energy Mad, the unprofitable lightbulb maker which counts NZX's SuperLife as its biggest shareholder, narrowed its annual loss in the 2015 financial year after stripping out costs, although the accounts were still tagged ... More >>

NZ dollar falls to two-month low on upbeat US economic data

Wednesday, 27 May 2015, 8:41 am | BusinessDesk

May 27 (BusinessDesk) - The New Zealand dollar fell to a two-month low as upbeat US economic data reinforced expectations the Federal Reserve will hike interest rates this year, boosting demand for the greenback. More >>

NZ economy to grow at annual 3% through to 2017: NZIER

Wednesday, 27 May 2015, 7:29 am | BusinessDesk

May 27 (BusinessDesk) - The New Zealand economy is expected to grow at about 3 percent a year out to 2017, driving jobs growth and reducing the unemployment rate, according to the NZ Institute of Economic Research's quarterly predictions. More >>

MARKET CLOSE: NZ shares rise, led by Tower, Fletcher

Tuesday, 26 May 2015, 5:36 pm | BusinessDesk

May 26 (BusinessDesk) - New Zealand shares rose, led by Tower, after the general insurer lifted its dividend. Dual-listed stocks such as Fletcher Building and a2 Milk Co advanced as stocks on the ASX gained. More >>

NZ dollar little changed as investors await US economic data

Tuesday, 26 May 2015, 5:14 pm | BusinessDesk

May 26 (BusinessDesk) - The New Zealand dollar was little changed as investors await US data after markets in the world's biggest economy were closed for a holiday on Monday. More >>

Sky TV programming costs likely to rise vs revenue in 2016

Tuesday, 26 May 2015, 5:10 pm | BusinessDesk

Sky TV said programming costs to revenue ratio likely to be up in the 2016 financial year More >>

 

 

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