BusinessDesk - Latest News [Page 2]

Suncorp's New Zealand 1H profit jumps on premium price hikes

Thursday, 14 February 2019, 3:33 pm | BusinessDesk

Feb. 14 (BusinessDesk) - Suncorp Group's New Zealand insurance arm boosted first-half profit by 79 percent as the latest round of premium hikes coincided with a dip in how much it paid out in claims. More >>

Meridian buys power from rival Genesis amid strong demand

Thursday, 14 February 2019, 3:08 pm | BusinessDesk

Feb. 14 (BusinessDesk) - Meridian Energy, the country’s biggest hydro generator, has bought electricity from rival power company, gas/coal generator Genesis Energy over the past two months. This is a sign it is trying to manage its hydro risk coming ... More >>

January food prices rise 0.8% from year earlier

Thursday, 14 February 2019, 2:50 pm | BusinessDesk

Feb. 14 (BusinessDesk) - Food prices in January were 0.8 percent higher than a year earlier, driven by higher meat, grocery and take-away costs. More >>

NZ house sales fall in January, take longer

Thursday, 14 February 2019, 2:05 pm | BusinessDesk

Feb. 14 (BusinessDesk) - New Zealand's real estate turnover shrank in January as deals took longer to close and prices rose at a slower annual pace. More >>

CORRECT: Wrightson cleared to sell seeds business

Thursday, 14 February 2019, 2:04 pm | BusinessDesk

(Fixes size of gain in 5th paragraph in story that ran on Wednesday, Feb. 13) More >>

KiwiBuild will crowd out other home building: RBNZ

Thursday, 14 February 2019, 1:30 pm | BusinessDesk

Feb. 14 (BusinessDesk) - The Reserve Bank estimates that for every 100 houses built under the government's KiwiBuild programme over the next three years, between 50 and 75 other houses may not be built because of capacity constraints. More >>

Skellerup lifts 1H profit 15% on strong industrial sales

Thursday, 14 February 2019, 12:52 pm | BusinessDesk

Feb. 14 (BusinessDesk) - Rubber goods maker Skellerup Holdings expects a further increase in record full-year earnings after strong growth in its industrial business boosted first-half profit by 15 percent. More >>

NZ dollar holds above US68c as greenback rallies

Thursday, 14 February 2019, 11:48 am | BusinessDesk

Feb. 14 (BusinessDesk) - The New Zealand dollar held above 68 US cents, paring some of yesterday's gain, as higher-than-expected US inflation was seen as giving the Federal Reserve scope to raise interest rates. More >>

Orr says he's open to persuasion on new bank capital rules

Thursday, 14 February 2019, 11:20 am | BusinessDesk

Feb. 14 (BusinessDesk) - Reserve Bank governor Adrian Orr says a proposed doubling of capital that banks have to hold isn't fixed in stone. More >>

Timeline tight for critical skills education reform

Thursday, 14 February 2019, 11:12 am | BusinessDesk

Feb. 14 (BusinessDesk) - Business and education providers have just six weeks to respond to a radical proposal from Education Minister Chris Hipkins to reform the vocational training system. More >>

MARKET CLOSE: NZ shares join global rally

Wednesday, 13 February 2019, 9:03 pm | BusinessDesk

Feb. 13 (BusinessDesk) - New Zealand shares joined a global rally on optimism that the latest US delegation to Beijing will make meaningful gains in soothing the strained trade relations. Tourism Holdings led widespread gains; SkyCity Entertainment Group ... More >>

Wrightson cleared to sell seeds business

Wednesday, 13 February 2019, 9:02 pm | BusinessDesk

Feb. 13 (BusinessDesk) - PGG Wrightson has been cleared to sell its seeds business to Denmark's DLF Seeds. More >>

NZ dollar jumps a cent as Reserve Bank wrong-foots traders

Wednesday, 13 February 2019, 9:01 pm | BusinessDesk

Feb. 13 (BusinessDesk) - The New Zealand dollar jumped just over one US cent after the Reserve Bank's bias towards eventually hiking interest rates - rather than cutting them - wrong-footed traders who were more wary about global risks. More >>

Orr dovish but not as dovish as the market expected

Wednesday, 13 February 2019, 9:00 pm | BusinessDesk

Feb. 13 (BusinessDesk) - Reserve Bank governor Adrian Orr’s latest monetary policy statement was on the dovish side, but not as dovish as the market had been expecting. More >>

Reserve Bank pushes out the likely date of next OCR move

Wednesday, 13 February 2019, 5:42 pm | BusinessDesk

Reserve Bank pushes out the likely date of next OCR move to 2021 More >>

Australia's Bapcor still finding NZ a happy hunting ground

Wednesday, 13 February 2019, 4:34 pm | BusinessDesk

Feb. 13 (BusinessDesk) - Australia's Bapcor is still enjoying strong earnings growth from its New Zealand autoparts business and opened another two stores as it chases market share. More >>

NZOG says rig booked for Ironbark drilling

Wednesday, 13 February 2019, 4:05 pm | BusinessDesk

Feb. 13 (BusinessDesk) - New Zealand Oil and Gas and its partners in the Ironbark project off Western Australia have secured a drilling rig for late 2020. More >>

SkyCity chair the likely driver of surprise share buyback

Wednesday, 13 February 2019, 3:03 pm | BusinessDesk

SkyCity chair Campbell the likely driver of surprise share buyback More >>

Hallenstein shares jump 7.5% on first-half profit guidance

Wednesday, 13 February 2019, 2:35 pm | BusinessDesk

Feb. 13 (BusinessDesk) - Hallenstein Glasson Holdings appears to have had a better than expected Christmas, with first-half sales up 3.1 percent and net profit expected to be about 6 percent higher. More >>

RMA reform must address council cultures, capability: Parker

Wednesday, 13 February 2019, 1:42 pm | BusinessDesk

Feb. 13 (BusinessDesk) - Wider reform of the country’s environmental planning laws will take time and will need to address the capabilities and the cultures of the institutions involved, Environment Minister David Parker says. More >>



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