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BusinessDesk
Independent, Trustworthy New Zealand Business News
The Wellington-based BusinessDesk team provides a daily news feed for a serious business audience.
BusinessDesk - Latest News [Page 101]
Tourism Holdings 1st-half profit slides on Thor investment
Tuesday, 26 February 2019, 3:05 pm | BusinessDesk
Tourism Holdings first-half profit slides on investment in Thor JV More >>
Comvita shares fall 13% as 1H loss disappoints
Tuesday, 26 February 2019, 1:52 pm | BusinessDesk
Feb. 26 (BusinessDesk) - Comvita shares fell 13 percent after the honey products maker swung to a first-half loss and its planned shift to more formal sales channels into China is taking longer than expected. More >>
Mercury reports near-record 1H earnings
Tuesday, 26 February 2019, 1:43 pm | BusinessDesk
Feb. 26 (BusinessDesk) - Mercury NZ wants efforts to improve disclosure in the gas sector accelerated. More >>
Well-being budget could look more like an annual report
Tuesday, 26 February 2019, 1:17 pm | BusinessDesk
Feb. 26 (BusinessDesk) - The government’s upcoming well-being budget could not only follow a new policy track - but could look different too, says Finance Minister Grant Robertson. More >>
Vector warns price review may crimp future dividends
Tuesday, 26 February 2019, 12:42 pm | BusinessDesk
Feb. 26 (BusinessDesk) - Vector has warned the upcoming review of its regulated prices may stifle its ability to keep raising dividends and kept today's interim return to shareholders unchanged. More >>
Vista lifts annual net profit 26.7% on market share growth
Tuesday, 26 February 2019, 12:41 pm | BusinessDesk
Feb. 26 (BusinessDesk) - Vista Group’s annual net profit jumped 26.7 percent as its businesses increased their market share around the world. More >>
Mercury 1H earnings flat on reduced hydro generation
Tuesday, 26 February 2019, 12:05 pm | BusinessDesk
Feb. 26 (BusinessDesk) - Mercury NZ reported a slight decline in first-half operating earnings after reduced hydro generation and a lower energy margin took the gloss off record wholesale prices late last year. More >>
NZ dollar benefits from strong data, trade optimism
Tuesday, 26 February 2019, 11:22 am | BusinessDesk
Feb. 26 (BusinessDesk) - The New Zealand dollar continues to benefit from strong retail sales data yesterday and positive headlines on the US-China trade tensions. More >>
Local M&A set to come off the boil in 2019: Chapman Tripp
Tuesday, 26 February 2019, 10:45 am | BusinessDesk
Feb. 26 (BusinessDesk) - New Zealand merger and acquisition activity this year is expected to come off its recent peak as tightening credit conditions combine with growing uncertainty over the global economy, law firm Chapman Tripp says. More >>
S&P says RBNZ bank capital proposals will 'burden' Aus Banks
Tuesday, 26 February 2019, 10:33 am | BusinessDesk
Feb. 25 (BusinessDesk) - Another international ratings agency, Standard & Poor’s, has weighed in to call the Reserve Bank’s proposed new bank capital requirements a “burden” on the Australian parents of New Zealand’s four major banks. More >>
MARKET CLOSE: NZ shares gain
Monday, 25 February 2019, 9:24 pm | BusinessDesk
Feb. 25 (BusinessDesk) - New Zealand shares rose as Freightways and Chorus both gained after delivering earnings in line with expectations. Synlait Milk jumped ahead of this week's dairy auction and a potential hike in the farmgate milk price. More >>
Napier fishing company, directors fined $1.4m
Monday, 25 February 2019, 8:49 pm | BusinessDesk
Feb. 25 (BusinessDesk) - A Napier fishing company and its directors have been fined more than $1.4 million for sustained under-reporting of its bluenose catch. More >>
NZ dollar rises on strong retail sales
Monday, 25 February 2019, 8:15 pm | BusinessDesk
Feb. 25 (BusinessDesk) - The New Zealand dollar rose after stronger-than-expected retail sales and as positive noises continue to emanate from both Chinese and United States officials over their trade talks. More >>
Freightways works to lift margins
Monday, 25 February 2019, 7:58 pm | BusinessDesk
Feb. 25 (BusinessDesk) - Freightways chief executive Mark Troughear says courier prices could rise 5-6 percent if New Zealand follows the example set by Europe and the United States. More >>
Third male Queensland fruit fly found
Monday, 25 February 2019, 7:12 pm | BusinessDesk
Feb. 25 (BusinessDesk) - Scores of biosecurity staff are fanning out over Auckland's North Shore checking hundreds of surveillance traps and inspecting fruit in search of the Queensland fruit fly. More >>
Freightways lifts first-half profit 6%
Monday, 25 February 2019, 4:12 pm | BusinessDesk
Feb. 25 (BusinessDesk) - Freightways lifted first-half profit 6 percent through strong revenue and volume growth coupled with greater productivity in the express package division. Organic expansion and acquisitions bolstered information management revenue. More >>
NZ Steel earnings jump 75% on better prices, strong demand
Monday, 25 February 2019, 4:00 pm | BusinessDesk
Feb. 25 (BusinessDesk) - BlueScope Steel’s New Zealand business reported a 75 percent improvement in half-year operating earnings on the back of increased domestic sales, strong construction demand and a recovery in global steel prices. More >>
Delegat first-half profit climbs on record sales volumes
Monday, 25 February 2019, 3:30 pm | BusinessDesk
Feb. 25 (BusinessDesk) - Delegat Group lifted first-half profit 30 percent as it sold a record volume of wine worldwide as the northern hemisphere markets become increasingly important to the winemaker. More >>
Bounce back in kiwifruit harvest lifts Seeka's annual profit
Monday, 25 February 2019, 3:14 pm | BusinessDesk
Feb. 25 (BusinessDesk) - Kiwifruit grower and marketer Seeka reported a 27 percent lift in full-year profit as the domestic harvest volume recovered from a lull in 2017. More >>
TIL 1H operating earnings weaken on higher fuel costs, wages
Monday, 25 February 2019, 2:21 pm | BusinessDesk
Feb. 25 (BusinessDesk) - TIL Logistics says first-half operating earnings were about 1 percent lower than a year earlier, reflecting higher fuel costs, wages and road-user charges. More >>
