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BusinessDesk - Latest News [Page 104]

Kiwibank lifts first-half net profit 47.6%

Wednesday, 20 February 2019, 7:11 pm | BusinessDesk

Feb. 20 (BusinessDesk) - Kiwibank Banking Group lifted first-half net profit 47.6 percent as it achieved more than twice the growth in deposits and lending in the latest six months as it managed in the whole of the previous full year. More >>

John Fellet: Came to Sky TV for 18 months, stayed 28 years

Wednesday, 20 February 2019, 6:46 pm | BusinessDesk

Feb. 20 (BusinessDesk) - For John Fellet, coming to Sky Network Television in 1991 was just another 18-month posting trying to sort out a pay TV network in trouble. More >>

Marsden Maritime net profit down on lower cargo

Wednesday, 20 February 2019, 6:45 pm | BusinessDesk

Feb. 20 (BusinessDesk) - Marsden Maritime Holdings said its net profit was down 16.1 percent as a result of lower bulk cargo through Northport. More >>

Countdown supermarkets 1H earnings dip

Wednesday, 20 February 2019, 5:53 pm | BusinessDesk

Countdown supermarkets 1H earnings dip as digital investment continues More >>

Fletcher open to re-entering high rise construction market

Wednesday, 20 February 2019, 5:20 pm | BusinessDesk

Feb. 20 (BusinessDesk) - Fletcher Building chief executive Ross Taylor has opened the door to taking on new high rise projects because of promising signs that contract terms may improve and says he will make a decision by about the middle of 2019. More >>

Power price spike put margin squeeze on NZ producers in Dec

Wednesday, 20 February 2019, 3:34 pm | BusinessDesk

Feb. 20 (BusinessDesk) - New Zealand producers felt the pinch in the final three months of 2018 as a spike in electricity prices drove up input costs at twice the pace of the price increases they could pass on to their customers. More >>

Tilt Renewables to raise A$260m of new equity

Wednesday, 20 February 2019, 3:09 pm | BusinessDesk

Feb. 20 (BusinessDesk) - Tilt Renewables plans to raise approximately A$260 million of new equity to help fund its A$560 million Dundonnell wind project. More >>

Mike Greer first of many scale builders to enter KiwiBuild

Wednesday, 20 February 2019, 2:57 pm | BusinessDesk

Feb. 20 (BusinessDesk) - Housing Minister Phil Twyford says more KiwiBuild deals with large-scale construction firms are in the pipeline as he announced a deal with Mike Greer Homes for 104 units in West Auckland and Christchurch. More >>

Power panel favours scrapping low-fixed charges

Wednesday, 20 February 2019, 2:53 pm | BusinessDesk

Feb. 20 (BusinessDesk) - An independent panel reviewing electricity prices favours scrapping the government’s low-user fixed charge regime, banning the use of prompt-payment discounts, and requiring greater disclosure of the profit split between the retail ... More >>

UPDATE: A2 shares lift 8.6% on strong first half result

Wednesday, 20 February 2019, 2:34 pm | BusinessDesk

Feb. 20 (BusinessDesk) - A2 Milk's stock jumped 8.6 percent after it said first-half profit climbed 55 percent as the milk marketer continued to expand market share in China despite trade tensions between the US and China crimping consumer spending. More >>

Not much joy in Fellet’s Sky TV swansong

Wednesday, 20 February 2019, 2:05 pm | BusinessDesk

Feb. 20 (BusinessDesk) - It was the final results announcement for Sky Network Television’s long-standing chief executive John Fellet this morning, but he didn’t have much cheerful news for investors. More >>

Ebos underlying net profit boosted by animal care segment

Wednesday, 20 February 2019, 1:25 pm | BusinessDesk

Feb. 20 (BusinessDesk) - Ebos Group said one-offs dented its first half net profit slightly but the underlying result was boosted by strong performance in the animal care segment. More >>

UPDATE: Meridian posts record 1H operating earnings

Wednesday, 20 February 2019, 1:23 pm | BusinessDesk

Feb. 20 (BusinessDesk) - Meridian Energy reported a 39 percent increase in first-half profit, boosted by improved generation and sustained high prices in October and November. More >>

KiwiRail operating earnings start to improve

Wednesday, 20 February 2019, 1:16 pm | BusinessDesk

Feb. 20 (BusinessDesk) - State-owned KiwiRail reported a 7 percent improvement in operating earnings in the six month to Dec. 31, at $16.3 million, reflecting a 30 percent lift in the value of domestic freight carried on its network caused in large ... More >>