BusinessDesk - Latest News [Page 2]

Property for Industry hikes annual earnings guidance

Thursday, 14 December 2017, 5:11 pm | BusinessDesk

Dec. 14 (BusinessDesk) - Property for Industry raised annual earnings guidance as the industrial real estate investor benefited from stronger leasing since its half-year result. More >>

KiwiBuild spearheads $42 billion capital spending programme

Thursday, 14 December 2017, 4:08 pm | BusinessDesk

Dec. 14 (BusinessDesk) - The new government will pump in $2 billion over the next three years to kick off the KiwiBuild programme targeting 100,000 affordable houses being built over the next decade. More >>

Treasury sees greater inflationary pressure

Thursday, 14 December 2017, 4:07 pm | BusinessDesk

Dec. 14 (BusinessDesk) - New Zealand’s Treasury sees greater inflationary pressures and higher interest rates as new government policies lead to a faster pace of economic and wage growth. More >>

Labour’s 100-day plan keeps books in check

Thursday, 14 December 2017, 4:05 pm | BusinessDesk

Dec. 14 (BusinessDesk) - The Labour-led government’s 100-day policy programme will keep the government’s books largely unchanged over the next four years as cancelled tax cuts cover the bulk of its family support plans. More >>

DMO lifts bond issuance by $1 billion in year to June 2022

Thursday, 14 December 2017, 4:04 pm | BusinessDesk

Dec. 14 (BusinessDesk) - The New Zealand Debt Management Office has lifted its issuance programme by $1 billion through June 2022 compared to its prior forecasts and reiterated plans to launch a new April 20, 2029 bond in the first half of 2018. More >>

Tilt Renewables names Deion Campbell as CEO

Thursday, 14 December 2017, 3:57 pm | BusinessDesk

Dec. 14 (BusinessDesk) - Tilt Renewables, the wind and solar generation facilities which split from Trustpower last year, has named Deion Campbell as chief executive to replace Robert Farron who departs at the end of the year. More >>

Resignations following OGOG takeover

Thursday, 14 December 2017, 3:11 pm | BusinessDesk

Dec. 14 (BusinessDesk) - New Zealand Oil & Gas chairman Rodger Finlay and director Ducan Saville have resigned following the announcement this morning that OG Oil & Gas has received approval from the Overseas Investment Office for its partial takeover ... More >>

TSB to refund customers who overpaid break fees

Thursday, 14 December 2017, 2:16 pm | BusinessDesk

Dec. 14 (BusinessDesk) - TSB Bank will repay customers who it overcharged for terminating fixed-term lending agreements between 2008 and February 2016. More >>

TruScreen widens 1H loss but expects Q4 growth

Thursday, 14 December 2017, 1:09 pm | BusinessDesk

Dec. 14 (BusinessDesk) - NZAX-listed TruScreen posted a 30 percent drop in revenue and widened its loss in the first half on delays to Chinese approval for its cervical screening device. More >>

Restaurant Brands posts 45% jump in 3rd-qtr sales

Thursday, 14 December 2017, 12:44 pm | BusinessDesk

Dec. 14 (BusinessDesk) - Restaurant Brands New Zealand said third-quarter sales jumped 45 percent, driven by the contribution from Taco Bell and Pizza Hut outlets acquired in Hawaii, Guam and Saipan in March and from additional KFC stores in Australia. More >>

Approval for partial takeover of NZ Oil & Gas

Thursday, 14 December 2017, 12:43 pm | BusinessDesk

Dec. 14 (BusinessDesk) - OG Oil & Gas has received approval from the Overseas Investment Office in its partial takeover bid for New Zealand Oil & Gas, one of the final hurdles the oil and gas division of Ofer Global needs to declare the deal done. More >>

A2 CEO Geoff Babidge to leave in 2018

Thursday, 14 December 2017, 12:30 pm | BusinessDesk

Dec. 14 (BusinessDesk) - A2 Milk Co managing director Geoff Babidge will retire next year, and will be replaced by Jetstar chief Jayne Hrdlicka. More >>

NZ non-bank lenders lift profit 10% in 2017

Thursday, 14 December 2017, 12:17 pm | BusinessDesk

Dec. 14 (BusinessDesk) New Zealand's non-bank lenders lifted annual profits 10 percent in the 2017 financial year as demand for credit persisted, buoyed by record sales of new cars, KPMG's annual sector update shows. More >>

MetroGlass CEO Rigby to step down after 5 years

Thursday, 14 December 2017, 12:15 pm | BusinessDesk

Dec. 14 (BusinessDesk) - Metro Performance Glass chief executive Nigel Rigby is stepping down after five years, saying "the time is right" for new leadership. More >>

Partial listing for Napier Port mooted

Thursday, 14 December 2017, 12:13 pm | BusinessDesk

Dec. 13 (BusinessDesk) - Partially listing Napier Port is among the options on the table for Hawke's Bay Regional Council as it considers how it's going to pay for a $125 million expansion of the transport hub's wharf. More >>

NZ dollar rises above 70 US cts

Thursday, 14 December 2017, 11:48 am | BusinessDesk

Dec. 14 (BusinessDesk) - The New Zealand dollar rose above 70 US cents after the Federal Reserve hiked interest rates as expected, rounding out a busy session of American news including weaker-than-expected inflation, progress on tax cuts and ... More >>

While you Were Sleeping: Fed Sees Three Hikes in 2018

Thursday, 14 December 2017, 11:26 am | BusinessDesk

Dec. 14 (BusinessDesk) - Wall Street rose as the Federal Reserve raised its key interest rate for the third time this year, and held to its forecast for three rate hikes next year. More >>

MARKET CLOSE: NZ shares edge up as NZX leads late recovery

Wednesday, 13 December 2017, 8:34 pm | BusinessDesk

Dec. 13 (BusinessDesk) - New Zealand shares edged up to a new record, led by stock market operator NZX and as investors changed their tune on a2 Milk Co late in the day. Air New Zealand fell on disappointing monthly metrics. More >>

Twyford extends olive branch to Singapore in house-buying

Wednesday, 13 December 2017, 8:09 pm | BusinessDesk

Dec. 13 (BusinessDesk) - The government will push through its bill preventing foreign purchasers from buying existing New Zealand houses by early next year, though questions remain over the status of Singaporean buyers. More >>

NZ dollar gets late lift from US political news

Wednesday, 13 December 2017, 8:08 pm | BusinessDesk

Dec. 13 (BusinessDesk) - The New Zealand dollar stuck to a tight range ahead of policy decisions from a raft of central banks but got a late lift after reports that Democrat Doug Jones beat Republican Roy Moore in the US Senate race in Alabama. More >>



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