BusinessDesk - Latest News [Page 2]

Paymark lifts profit, sales in 2017

Friday, 18 August 2017, 5:15 pm | BusinessDesk

Aug. 18 (BusinessDesk) - Paymark,the EFTPOS terminal provider owned by the four major banks, lifted earnings and sales in 2017, as its owners continue to search for a buyer. More >>

NZ First seeks minimum wage of $20 within three years

Friday, 18 August 2017, 4:34 pm | BusinessDesk

Aug. 18 (BusinessDesk) - New Zealand First is pledging to raise the minimum wage to $20 an hour within three years as part of a confidence and supply agreement to form a government after the Sept 23 election. More >>

CBL shares fall 12% as reserves increase dents profit

Friday, 18 August 2017, 3:48 pm | BusinessDesk

Aug. 18 (BusinessDesk) - CBL Corp's shares fell about 12 percent after the financial risk insurer said first-half profit dropped by more than a third, largely on a $16.5 million increase in reserves to cover future claims. Revenue grew 29 percent. More >>

NZ wool market improves at weekly auction

Friday, 18 August 2017, 3:09 pm | BusinessDesk

Aug. 18 (BusinessDesk) - New Zealand wool prices and sale clearance rates lifted at the latest weekly auction. More >>

Spark chases quantum leap in 2019 earnings

Friday, 18 August 2017, 3:02 pm | BusinessDesk

Aug. 18 (BusinessDesk) - Spark New Zealand wants a "significant" increase in earnings from the 2019 June year after what will be a step up in the cost of its 'Quantum Programme' which it says will transform the country's largest telecommunications ... More >>

Steel & Tube annual profit drops 22%

Friday, 18 August 2017, 2:08 pm | BusinessDesk

Aug. 18 (BusinessDesk) - Steel & Tube posted a 22 percent drop in annual profit after the year-earlier earnings were boosted by a property sale. It reduced its dividend payment and said business performance hadn't met its expectations. More >>

CBL says 1H earnings dropped 36% due to increased reserves

Friday, 18 August 2017, 1:01 pm | BusinessDesk

Aug. 18 (BusinessDesk) - Auckland-based credit surety and financial risk insurer CBL Corp says first half operating earnings fell 36 percent, largely due to a $16.5 million increase in CBL Insurance's reserves to cover future claims, although revenue ... More >>

UPDATE: Spark annual profit climbs 13% as sales tick up

Friday, 18 August 2017, 12:56 pm | BusinessDesk

Aug. 18 (BusinessDesk) - Spark New Zealand boosted annual profit 13 percent as the country's biggest telecommunications company eked out small sales growth and continued its focus on stripping out costs, and signalled a changing of the guard with chairman ... More >>

IkeGPS raises $3.7 million in placement

Friday, 18 August 2017, 12:28 pm | BusinessDesk

Aug. 18 (BusinessDesk) - IkeGPS, the laser measurement toolmaker, said it has raised $3.7 million in an oversubscribed placement to Australian and New Zealand institutional and wholesale investors. More >>

Spark annual profit climbs 13% as sales tick up

Friday, 18 August 2017, 12:02 pm | BusinessDesk

Aug. 18 (BusinessDesk) - Spark New Zealand boosted annual profit 13 percent as the country's biggest telecommunications company eked out small sales growth and continued its focus on stripping out costs, and signalled a changing of the guard with chairman ... More >>

NZ dollar dips as rumour of White House departure

Friday, 18 August 2017, 11:28 am | BusinessDesk

NZ dollar dips as rumour of White House departure, Spanish terror attack sap risk appetite More >>

While you were sleeping: Trump unsettles Wall St

Friday, 18 August 2017, 11:00 am | BusinessDesk

Aug. 18 (BusinessDesk) - Wall Street dropped, while US Treasuries advanced, amid concern that US President Donald Trump has derailed his chances of implementing the policies that had been seen as good for business and economic growth. More >>

Powerhouse appoints interim liquidators to Hydroworks

Friday, 18 August 2017, 8:40 am | BusinessDesk

Aug. 17 (BusinessDesk) - ASX-listed, Christchurch-based incubator Powerhouse Ventures secured a High Court order to appoint an interim liquidator to its investee firm Hydroworks, which has been without a board for the past fortnight. More >>

Government approves negotiating mandate for revamped TPP

Thursday, 17 August 2017, 8:39 pm | BusinessDesk

Aug. 17 (BusinessDesk) - The government has approved a negotiating mandate for the so-called Trans-Pacific Partnership 11, a trade deal it says could save New Zealand companies $222 million a year, says Trade Minister Todd McClay. More >>

MARKET CLOSE: NZ shares edge up to new record

Thursday, 17 August 2017, 8:36 pm | BusinessDesk

Aug. 17 (BusinessDesk) - New Zealand shares edged up to a new record as stocks across Asia rose in a relatively quiet earnings day domestically, with Fletcher Building extending its gain after yesterday's result while Skellerup climbed on its increased ... More >>

Kiwi Pollen MD Jill Hamlyn says she was blamed for Psa

Thursday, 17 August 2017, 8:35 pm | BusinessDesk

Aug. 17 (BusinessDesk) - A kiwifruit pollen importer says she can't recall testing done on pollen as the Psa virus outbreak was discovered, and her business has come under pressure as she has been blamed for the damage caused. More >>

NZ dollar gains against broadly weaker greenback

Thursday, 17 August 2017, 8:15 pm | BusinessDesk

Aug. 17 (BusinessDesk) - The New Zealand dollar gained against a broadly weaker greenback after minutes from the US Federal Reserve's policy meeting potentially signaled policy makers could delay a rate hike. More >>

Rakon's startup Thinxtra won't be drag on earnings for long

Thursday, 17 August 2017, 7:10 pm | BusinessDesk

Rakon's startup Thinxtra won't be a drag on earnings for long says chairman More >>

Evolve Education warns annual profit will dip in 2018

Thursday, 17 August 2017, 7:08 pm | BusinessDesk

Aug. 17 (BusinessDesk) - Evolve Education, the early childhood education centre operator, has warned annual profit will fall as much as 12 percent in the current year on weaker-than-expected occupancy rates, spurring management to cut costs and bolster its marketing effort. ... More >>

NZ consumer confidence ticks up in August

Thursday, 17 August 2017, 4:19 pm | BusinessDesk

Aug. 17 (BusinessDesk) - New Zealand consumer confidence rose in August with little sign that a cooling housing market is hurting consumer sentiment. More >>

   

 

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