BusinessDesk - Latest News [Page 1]

MARKET CLOSE: NZ shares fall paced by Warehouse

Thursday, 27 November 2014, 5:32 pm | BusinessDesk

MARKET CLOSE: NZ shares fall paced by Warehouse; Air NZ gains on tumbling oil prices More >>

NZ dollar gains, benefiting from weaker euro, yen, pound

Thursday, 27 November 2014, 5:12 pm | BusinessDesk

Nov. 27 (BusinessDesk) - The New Zealand dollar rose as investors look to exit currencies where central banks may continue with low interest rates and money printing programmes. More >>

NZ dollar gains, benefiting from weaker euro, yen, pound

Thursday, 27 November 2014, 5:12 pm | BusinessDesk

Nov. 27 (BusinessDesk) - The New Zealand dollar rose as investors look to exit currencies where central banks may continue with low interest rates and money printing programmes. More >>

Opus trims executive structure in 'competitive market'

Thursday, 27 November 2014, 3:51 pm | BusinessDesk

Nov. 27 (BusinessDesk) - Opus International Consultants, the listed engineering firm, has trimmed its executive team as it restructures its business "in an increasingly competitive market". More >>

Mowbray struggles to stay afloat as $1.28M write-down weighs

Thursday, 27 November 2014, 1:10 pm | BusinessDesk

Nov. 27 (BusinessDesk) - Mowbray Collectables, the listed stamp and collectables dealer and auction house, has flagged a first-half loss and is in discussion with bankers to stay solvent after a $1.28 million write down on its goodwill. More >>

UPDATE: Gentrack faces long-term game to win over investors

Thursday, 27 November 2014, 12:50 pm | BusinessDesk

(Adds IPO cost detail in 2nd graph, clarifies shortfall to IPO forecast in 3rd graph) More >>

Chatham Rock, hoping for ruling before Xmas, widens 1H loss

Thursday, 27 November 2014, 11:48 am | BusinessDesk

Nov. 27 (BusinessDesk) - Chatham Rock Phosphate, the company proposing to mine phosphate nodules from the seabed on the Chatham Rise, reported a near-tripling of its first-half loss as it spent more on exploration, sought a listing on London’s AIM market and ... More >>

Trilogy turns to 1H profit as Ecoya posts positive earnings

Thursday, 27 November 2014, 11:18 am | BusinessDesk

Nov. 27 (BusinessDesk) - Trilogy International, the skincare and scented candle company, turned to a profit in its first half as a boost in sales for its Ecoya range in Australia helped the unit reach profitability. The shares jumped to a two-month high. More >>

Gentrack chairman says long-term game to win investors over

Thursday, 27 November 2014, 10:58 am | BusinessDesk

Nov. 27 (BusinessDesk) - Gentrack Group chairman John Clifford said the software company’s share price, still trading 35 cents below its listing price, will take care of itself once it starts delivering projected profits over time. More >>

NZ posts trade deficit in October on falling dairy exports

Thursday, 27 November 2014, 10:53 am | BusinessDesk

Nov. 27 (BusinessDesk) - New Zealand's posted its largest monthly trade deficit for October in six years, while narrowing the shortfall from September, led by a fall in dairy exports to China while all main imports into the country rose. More >>

Energy Mad narrows 1H loss; shifts focus to LED bulbs

Thursday, 27 November 2014, 9:49 am | BusinessDesk

Nov. 27 (BusinessDesk) - Energy Mad, the energy efficient lightbulb marketer, narrowed its first-half loss after a year earlier impairment washed through, though widened its operating loss on flat sales and as it shifts focus to LED lightbulbs. More >>

Gentrack profit falls 49%, beating downgraded guidance

Thursday, 27 November 2014, 9:35 am | BusinessDesk

Nov. 27 (BusinessDesk) - Gentrack Group, which develops utilities and airports software, reported a 49 percent drop in full-year profit, missing its initial public offer forecast, but beating the downgraded guidance it gave just five weeks after listing ... More >>

Tower annual profit drops 32% from 2013 asset sales

Thursday, 27 November 2014, 9:28 am | BusinessDesk

Nov. 27 (BusinessDesk) - Tower, which sold its health, life, and investment units to focus on general insurance, reported a 32 percent drop in annual profit, while improving its underlying earnings in general insurance, and signalled plans for another ... More >>

NZ dollar touches fresh 4-month high vs. A$

Thursday, 27 November 2014, 8:46 am | BusinessDesk

Nov. 27 (BusinessDesk) - The New Zealand dollar touched a fresh four-month high against the Australian dollar after the Aussie broke through a key support level amid speculation the country's central bank may cut interest rates to bolster the economy. More >>

MRP faced scaling up risk on several carbon credit contracts

Thursday, 27 November 2014, 8:21 am | BusinessDesk

Nov. 27 (BusinessDesk) - A contractual dispute over carbon credits that MightyRiverPower is contesting in court is not the first time it’s faced a scaling up of the carbon credits it was required to take as part of its plan to offset carbon emissions from ... More >>

While you were sleeping: US data disappoints

Thursday, 27 November 2014, 7:48 am | BusinessDesk

Nov. 27 (BusinessDesk) - Wall Street seesawed near record highs ahead of the Thanksgiving holiday and as key producers gathered in Vienna for an OPEC meeting that might help determine how much further the price of oil will slide. More >>

MARKET CLOSE:NZ shares rise paced by Pacific Edge; Orion up

Wednesday, 26 November 2014, 5:32 pm | BusinessDesk

Nov. 26 (BusinessDesk) - New Zealand shares rose, paced by Pacific Edge after it announced a European patent for one of its cancer tests. Orion Health Group climbed in its NZX debut, as investors looked for growth stocks. More >>

NZ dollar to stay under pressure until December MPS

Wednesday, 26 November 2014, 5:08 pm | BusinessDesk

Nov. 26 (BusinessDesk) - The New Zealand dollar was little changed in local trading, and will likely remain under pressure as low inflation expectations and weak dairy prices keep traders wary on the currency until next month's monetary policy review. More >>

UPDATE: MFAT chief John Allen leaves for NZ Racing Board

Wednesday, 26 November 2014, 4:39 pm | BusinessDesk

Nov. 26 (BusinessDesk) - The chief executive of the New Zealand Ministry of Foreign Affairs & Trade, John Allen, is resigning to head up the New Zealand Racing Board. More >>

CORRECT: NZTE's annual report shows big company woes weigh

Wednesday, 26 November 2014, 3:47 pm | BusinessDesk

Nov. 26 (BusinessDesk) - New Zealand Trade and Enterprise, the government’s international business development agency, said the 540 key companies it works with grew their export revenues by 1.3 percent or $383 million in the 2013/2014 year after some larger ... More >>



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