BusinessDesk - Latest News [Page 1]

Fulton Hogan lifts first-half pre-tax profit 13%

Tuesday, 28 March 2017, 5:16 pm | BusinessDesk

March 28 (BusinessDesk) - Fulton Hogan, the privately-held civil construction firm, lifted first-half pre-tax earnings 13 percent as its New Zealand and Fiji operations tracked ahead of expectations, and beefed up its forward order book with some big ... More >>

TeamTalk shareholders to vote on Farmside sale next month

Tuesday, 28 March 2017, 3:33 pm | BusinessDesk

March 28 (BusinessDesk) - TeamTalk shareholders will vote on a plan to sell a controlling stake in its Farmside internet services provider to Vodafone New Zealand next month, in a deal which is expected to substantially reduce the telecommunication minnow's ... More >>

Weaker commodities limit benefit of falling greenback

Tuesday, 28 March 2017, 11:43 am | BusinessDesk

March 28 (BusinessDesk) - The New Zealand dollar was little changed, having reached the highest in almost a week overnight, as a decline in commodity prices and equities offset the effects of waning sentiment for the US dollar. More >>

While you were sleeping: Wall St falls

Tuesday, 28 March 2017, 10:31 am | BusinessDesk

March 28 (BusinessDesk) - Wall Street declined as investors digested the implications of the Trump administration’s decision to cancel a vote on health-care reform because of a lack of support. More >>

NPT expects to wrap up Kiwi Property talks in coming days

Tuesday, 28 March 2017, 9:51 am | BusinessDesk

March 27 (BusinessDesk) - Property investors NPT and Kiwi Property Group expect to wrap up talks for a tie-up in the "next few days" with a special meeting of NPT shareholders expected to vote on the deal in April. More >>

Chatham Rock Phosphate says EPA charges unreasonable

Tuesday, 28 March 2017, 9:43 am | BusinessDesk

March 27 (BusinessDesk) - Chatham Rock Phosphate argued in the High Court that a bill from Environmental Protection Authority for costs incurred during its marine consent hearing in 2015 were unreasonable and should have been partly met by funds ... More >>

NZ dollar gains on deeper relationship with China

Tuesday, 28 March 2017, 8:57 am | BusinessDesk

March 27 (BusinessDesk) - A series of cooperation deals inked between New Zealand Prime Minister Bill English and China Premier Li Keqiang gave the kiwi dollar a lift, despite jitters after US president Donald Trump failed to win enough support to repeal ... More >>

MARKET CLOSE: NZ shares fall

Tuesday, 28 March 2017, 8:55 am | BusinessDesk

March 27 (BusinessDesk) - New Zealand shares fell amid concern the failure of US President Donald Trump to push through his policy reforms means US growth won't be as robust as some investors had hoped, denting global sentiment. Summerset Group, ... More >>

NZ, China FTA upgrade agreed among slew of new deals

Monday, 27 March 2017, 4:46 pm | BusinessDesk

March 27 (BusinessDesk) - New Zealand Prime Minister Bill English and China Premier Li Keqiang signed off a series of cooperation deals spanning trade, customs, travel and climate change and confirmed commencement of official talks on an upgrade to ... More >>

Wellington Electricity extends unbroken run of losses

Monday, 27 March 2017, 2:40 pm | BusinessDesk

March 27 (BusinessDesk) - Wellington Electricity Distribution Network has extended its run of losses since the utility was acquired by Hong Kong billionaire Li Ka-shing in 2008, although the 2016 result was the smallest loss to date. More >>

GeoOp sounds out investor interest for ASX listing

Monday, 27 March 2017, 2:11 pm | BusinessDesk

March 27 (BusinessDesk) - GeoOp, the unprofitable management app developer, wants to delist from the New Zealand stock exchange's alternative market for fledgling companies and migrate to the Australian stock exchange to improve the liquidity of ... More >>

Trump's healthcare stumble points to policy paralysis

Monday, 27 March 2017, 11:53 am | BusinessDesk

March 27 (BusinessDesk) - The New Zealand dollar was little changed against a slightly weaker US dollar after US president Donald Trump failed to win enough support to repeal and replace the Affordable Care Act known as Obamacare, raising questions ... More >>

World Week Ahead: Optimism turns to tax cuts

Monday, 27 March 2017, 11:17 am | BusinessDesk

March 27 (BusinessDesk) - After US President Donald Trump’s failure to garner enough support for the Republican healthcare bill, investors are set to refocus on his attempt to bring about promised tax reform — a key reason for Wall Street’s rally since ... More >>

MARKET CLOSE: NZ shares mixed; Comvita up

Friday, 24 March 2017, 9:00 pm | BusinessDesk

MARKET CLOSE: NZ shares mixed; Comvita up, Genesis gains on gentailer yield, Tegel hurt by chicken glut More >>

NZ dollar little changed as investors await US vote

Friday, 24 March 2017, 8:59 pm | BusinessDesk

March 24 (BusinessDesk) - The New Zealand dollar was little changed on the week and continues to tread water as investors wait to see if the US repeals and replaces the Affordable Care Act known as Obamacare, now viewed as a barometer on whether ... More >>

CBL to buy Affirmative for US$5.7M

Friday, 24 March 2017, 8:57 pm | BusinessDesk

March 24 (BusinessDesk) - CBL Corp wants to add US insurer Affirmative Direct Insurance Company in a US$5.7 million deal which would expand its global footprint to the world's biggest economy. More >>

UPDATE: Hagamans say Little apology not genuine

Friday, 24 March 2017, 8:56 pm | BusinessDesk

March 24 (BusinessDesk) - Defamation proceedings against Labour Party leader Andrew Little by Earl and Lani Hagaman will proceed, even though Little publicly apologised today after the Auditor-General found no link between the couple's political donations ... More >>

Hagamans to proceed with defamation case against Little

Friday, 24 March 2017, 8:55 pm | BusinessDesk

March 24 (BusinessDesk) - Defamation proceedings against Labour Party leader Andrew Little by Earl and Lani Hagaman will proceed, with Little publicly apologising today after the Auditor-General found no link between a donation made by the couple and ... More >>

South Port CEO O'Connor steps down after 17 years

Friday, 24 March 2017, 4:13 pm | BusinessDesk

March 24 (BusinessDesk) - South Port New Zealand chief executive Mark O’Connor is to step down after 17 years running the nation's southernmost deep water port, having led the company to a record profit on record cargo volumes in 2016. More >>

Govt push for FTAs to cover 90% of export goods

Friday, 24 March 2017, 4:10 pm | BusinessDesk

March 24 (BusinessDesk) - The government's newly minted trade agenda wants near-saturation free trade agreement coverage for locally exported goods by 2030, however it doesn't want to pass up opportunities offered by new technology enabling more service exports. More >>

 

 

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