BusinessDesk - Latest News [Page 1]

Heartland wary of global market volatility

Tuesday, 21 November 2017, 5:17 pm | BusinessDesk

Nov. 21 (BusinessDesk) - Heartland Bank is sticking to existing forecasts for annual profit to rise as much as 13 percent as credit growth and improving asset quality bolster the lender's books, but is watchful of increasingly volatile global financial ... More >>

Juken will defend Red Stag court action over J-Frame

Tuesday, 21 November 2017, 4:56 pm | BusinessDesk

Nov. 21 (BusinessDesk) - Juken New Zealand will defend court action being taken against it by Red Stag Timber over its J-Frame product, saying the rival wood processor is trying to remove the growing competitive threat of laminated lumber. More >>

UPDATE: Parrotdog plans $1.4M capital raise

Tuesday, 21 November 2017, 4:42 pm | BusinessDesk

Nov. 21 (BusinessDesk) - Parrotdog, the Wellington-based brewing company, wants to raise up to $1.4 million in its second round of equity crowdfunding through PledgeMe. More >>

Fonterra's NZ milk collection lifts slightly in October

Tuesday, 21 November 2017, 4:38 pm | BusinessDesk

Nov. 21 (BusinessDesk) - Fonterra Cooperative Group's domestic milk collection lifted slightly in October as weather conditions improved toward the latter half of the month. More >>

Kathmandu widens first quarter margins as sales drop

Tuesday, 21 November 2017, 4:36 pm | BusinessDesk

Nov. 21 (BusinessDesk) - Kathmandu Holdings, the outdoor equipment retailer set to hold its annual meeting on Friday, says its first-quarter earnings were up despite sales dipping as it widened margins by selling less sale stock. More >>

A2 Milk revenue, profit pushes higher

Tuesday, 21 November 2017, 3:30 pm | BusinessDesk

Nov. 21 (BusinessDesk) - A2 Milk, which markets milk with a protein variant said to have health benefits, says both revenue and net profit jumped in the first four months of the current financial year as it continues to benefit from strong demand ... More >>

Mohawk Industries to buy carpetmaker Godfrey Hirst

Tuesday, 21 November 2017, 3:26 pm | BusinessDesk

Nov. 21 (BusinessDesk) - Global flooring manufacturer Mohawk Industries has agreed to buy Australasian carpetmaker Godfrey Hirst, known domestically for acquiring failed rival Feltex more than a decade ago. More >>

UPDATE: F&P Healthcare first-half profit rises 4%

Tuesday, 21 November 2017, 3:02 pm | BusinessDesk

Nov. 21 (BusinessDesk) - Fisher & Paykel Healthcare, New Zealand's biggest listed company, increased first-half profit 4 percent, widened its margins, and lifted its forecast for full-year earnings to the top end of its range. More >>

Parrotdog plans $1.4M capital raise through crowdfunding

Tuesday, 21 November 2017, 3:01 pm | BusinessDesk

Nov. 21 (BusinessDesk) - Parrotdog, the Wellington-based brewing company, wants to raise up to $1.4 million in its second round of equity crowdfunding through PledgeMe. More >>

Arvida's 1H net profit dips on lower portfolio valuation

Tuesday, 21 November 2017, 1:27 pm | BusinessDesk

Nov. 21 (BusinessDesk) - Arvida Group, the retirement village company that listed in 2014, reported a decline in first-half profit on lower valuation gains and higher employee costs after a pay equity deal. More >>

F&P Healthcare first-half profit rises 4%

Tuesday, 21 November 2017, 1:03 pm | BusinessDesk

Nov. 21 (BusinessDesk) - Fisher & Paykel Healthcare, the medical device maker, increased first-half profit 4 percent, widened its margins, and lifted its forecast for full-year earnings to the top end of its range. More >>

Argosy first-half profit drops 58%

Tuesday, 21 November 2017, 12:37 pm | BusinessDesk

Nov. 21 (BusinessDesk) - Argosy Property posted a 58 percent decline in first-half profit as the firm became the latest listed property investor to report a little-changed portfolio valuation after several years of gains, and was faced with smaller rental ... More >>

Artificial Intelligence automates tasks, not jobs

Tuesday, 21 November 2017, 11:51 am | BusinessDesk

Nov. 21 (BusinessDesk) - Tapping into artificial intelligence will give law firm Chapman Tripp the opportunity to grow its legal business beyond what it does today and won't impact the number of graduates it hires, says technology partner Bruce ... More >>

NZ dollar little changed near 17-month low

Tuesday, 21 November 2017, 11:49 am | BusinessDesk

Nov. 21 (BusinessDesk) - The New Zealand dollar was little changed against the greenback ahead of tonight's dairy auction and held onto its gains versus the euro amid political uncertainty in Germany. More >>

First NZ Capital eyes wider product offering

Tuesday, 21 November 2017, 11:47 am | BusinessDesk

Nov. 21 (BusinessDesk) - First NZ Capital will test the waters with customers about what products it should be offering with its new foray into direct wealth, says chief executive James Lee. More >>

While you were sleeping: Wall Street moves higher

Tuesday, 21 November 2017, 10:09 am | BusinessDesk

Nov. 21 (BusinessDesk) - Wall Street climbed amid optimism that the outlook for corporate profits and economic growth justify valuations as the Trump administration aims to move ahead on its tax reform plans. More >>

MARKET CLOSE: NZ shares up, Metro Glass gains on 1H results

Monday, 20 November 2017, 8:35 pm | BusinessDesk

MARKET CLOSE: NZ shares up, Metro Glass gains on 1H results and Kathmandu, Fisher & Paykel gain ahead of earnings More >>

Dollar gains vs euro after German coalition talks break down

Monday, 20 November 2017, 8:35 pm | BusinessDesk

Nov. 20 (BusinessDesk) - The New Zealand dollar gained against the euro after German coalition talks broke down, raising concerns about Chancellor Angela Merkel's political future and the ramifications on the wider regional economy. More >>

UPDATE: MetroGlass says it could have communicated better

Monday, 20 November 2017, 8:34 pm | BusinessDesk

Nov. 20 (BusinessDesk) - Metro Performance Glass, whose shares have tumbled 57 percent in the past 12 months, says it could have communicated better as sales growth slowed and its full-year guidance is conservative as befits a stock that has fallen out ... More >>

NZME should pay no cash if Fairfax media merger allowed

Monday, 20 November 2017, 8:32 pm | BusinessDesk

Nov. 20 (BusinessDesk) - NZME should no longer pay Fairfax Media $55 million as part of the proposed merger between the two news publishing groups if the courts clear the way for the union to go ahead, says broking firm First NZ Capital. More >>

 

 

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