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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 1033]
TeamTalk lifts first-half profit 27%, signals lower dividend
Wednesday, 26 February 2014, 3:50 pm | BusinessDesk
Feb. 26 (BusinessDesk) - TeamTalk, which bought the rural telecommunications provider Farmside in 2012, lifted first-half profit 27 percent, and plans to trim dividend payments from October to fund expansion into rural internet services. More >>
Chatham Rock plans listing on London AIM exchange
Wednesday, 26 February 2014, 3:24 pm | BusinessDesk
Feb. 26 (BusinessDesk) - Chatham Rock Phosphate, which is developing a project to mine phosphate from the sea floor for use as fertiliser, is planning a rights issue for existing shareholders in March, and expects to list on London’s AIM market ... More >>
SLI System reports loss, as expansion costs outstrip sales
Wednesday, 26 February 2014, 2:22 pm | BusinessDesk
Feb 26 (BusinessDesk) - SLI Systems, the retail search engine software company, turned to a loss of $2.3 million in the first-half, as a 12 percent gain in sales was offset by a 53 percent increase in operating costs. The company’s shares fell 5.4 percent. More >>
Mana candidate McCarten to be Cunliffe's right-hand man
Wednesday, 26 February 2014, 2:20 pm | BusinessDesk
Feb. 26 (BusinessDesk) – Former New Labour and Alliance party founder Matt McCarten has been appointed chief of staff for Labour Party leader David Cunliffe. More >>
NZ plans to list Genesis Energy in April
Wednesday, 26 February 2014, 1:40 pm | BusinessDesk
NZ plans to list Genesis Energy in April after partial sale aimed at increasing pricing tension, English says More >>
Chorus cost cuts gives analyst cheer, stock upgraded to buy
Wednesday, 26 February 2014, 11:54 am | BusinessDesk
Feb. 26 (BusinessDesk) - Measures by telecommunications network operator Chorus to achieve $400 million in savings over the next six years to mitigate the impact of looming regulated price cuts has been welcomed by one analyst, who has upgraded the ... More >>
Tourism Holdings beats 1H guidance on NZ tourist assets
Wednesday, 26 February 2014, 11:42 am | BusinessDesk
Tourism Holdings beats first-half guidance on NZ tourist assets, flags full-year profit surge More >>
Hallenstein raised to buy at Craigs, selloff overplayed
Wednesday, 26 February 2014, 10:50 am | BusinessDesk
Hallenstein, worst-performing stock on NZX 50 this year, raised to buy from hold at Craigs More >>
A2 posts 22% gain in first-half sales, commits to US market
Wednesday, 26 February 2014, 10:20 am | BusinessDesk
Feb. 26 (BusinessDesk) – A2 Corp, whose shares have soared 564 percent in the past three years, reported a 22 percent increase in first-half sales, while increased marketing costs restrained earnings, and said the US will be its next target market. More >>
MightyRiverPower ekes out 3.7% earnings gain on cost-cutting
Wednesday, 26 February 2014, 9:24 am | BusinessDesk
Feb. 26 (BusinessDesk) - MightyRiverPower, the first state-owned power company partially privatised last year, increased first-half earnings 3.7 percent as it clamped down on costs amid poor hydro conditions, while affirming its annual growth target. More >>
NZ dollar slips vs. yen as investors favour haven currency
Wednesday, 26 February 2014, 8:41 am | BusinessDesk
NZ dollar slips against yen as investors favour haven currency on concern about yuan decline More >>
While you were sleeping: Home Depot, Tesla soar
Wednesday, 26 February 2014, 7:49 am | BusinessDesk
Feb 26 (BusinessDesk) – Wall Street inched higher, lingering near record highs, helped by gains in shares of Home Depot and Tesla Motors. More >>
MARKET CLOSE: NZ shares mixed as Fletcher, Telecom fall
Tuesday, 25 February 2014, 6:00 pm | BusinessDesk
Feb. 25 (BusinessDesk) – New Zealand stocks were mixed with Fletcher Building and Telecom weighing on the market as investors took the opportunity to take some profit from yesterday’s gain. Summerset Group climbed after it delivered a record annual ... More >>
NZ dollar pares gain as investors sell into risk rally
Tuesday, 25 February 2014, 5:12 pm | BusinessDesk
NZ dollar pares gain as investors sell into risk rally amid signs of China slowing More >>
PGG Wrightson posts 24% gain in operating income
Tuesday, 25 February 2014, 4:46 pm | BusinessDesk
Feb. 25 (BusinessDesk) – PGG Wrightson reported an operating earnings gain of 24 percent in the first-half as the rural services firm controlled by China’s Agria Corp achieved growth in all its business units except wool. The shares jumped 6 percent ... More >>
Freightways positive on mail as NZ Post shrinks
Tuesday, 25 February 2014, 4:32 pm | BusinessDesk
Feb. 25 (BusinessDesk) – Freightways managing director Dean Bracewell says he is upbeat about the prospects for his mail operations, seeing growth in niches such as overnight deliveries to businesses in a market where dominant player New Zealand ... More >>
Trade Me earnings outlook revised down 4% for 2014,2015
Tuesday, 25 February 2014, 4:25 pm | BusinessDesk
Feb. 25 (BusinessDesk) – Trade Me Group’s forecast earnings have been revised down by about 4 percent for each of the next two years after New Zealand’s largest auction site posted lower-than-expected first half profit as expenses increased at ... More >>
NZ inflation seen edging above RBNZ mid-point this year
Tuesday, 25 February 2014, 4:19 pm | BusinessDesk
Feb. 25 (BusinessDesk) – New Zealand inflation will average 2.03 percent in the coming year, just above the mid-point of the Reserve Bank’s target range, as economic growth picks up pace and interest rates rise, according to the central bank’s quarterly ... More >>
NZ inflation seen edging above RBNZ mid-point this year
Tuesday, 25 February 2014, 4:19 pm | BusinessDesk
Feb. 25 (BusinessDesk) – New Zealand inflation will average 2.03 percent in the coming year, just above the mid-point of the Reserve Bank’s target range, as economic growth picks up pace and interest rates rise, according to the central bank’s quarterly ... More >>
Acurity Health says cost control helping lift profit
Tuesday, 25 February 2014, 1:46 pm | BusinessDesk
Feb. 25 (BusinessDesk) - Acurity Health Group said full-year underlying earning may rise as much as 15 percent as the private hospital operator formerly known as Wakefield Health keeps a lid on costs to make up for declining revenue. More >>
