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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 106]
Nib NZ first-half earnings slide 30%
Monday, 18 February 2019, 3:59 pm | BusinessDesk
Feb. 18 (BusinessDesk) - Nib New Zealand posted a 30 percent slide in first-half profit as the local arm of the Australian health insurer's claims bill rose at a faster pace than it could win new policyholders. More >>
Customer satisfaction in NZ banks rises despite scandals
Monday, 18 February 2019, 3:58 pm | BusinessDesk
Feb. 18 (BusinessDesk) - The scandals exposed by Australia’s royal commission into financial services don’t appear to have dented New Zealanders’ trust in banks. More >>
Perky services sector in January soothes fears
Monday, 18 February 2019, 2:53 pm | BusinessDesk
Feb. 18 (BusinessDesk) - Activity in New Zealand's services sector picked up in January, with strong sales and new orders helping to allay fears that the economy may be poised for a downturn this year. More >>
UPDATE: Port of Tauranga earnings boosted
Monday, 18 February 2019, 2:10 pm | BusinessDesk
Feb. 18 (BusinessDesk) - Port of Tauranga says its first-half result benefitted from congestion on Auckland's wharves and that trend is expected to continue for the rest of the financial year. More >>
PFI doubles 2018 profit, underlying earnings fall short
Monday, 18 February 2019, 1:55 pm | BusinessDesk
Feb. 18 (BusinessDesk) - Property For Industry more than doubled its calendar 2018 profit as its 94-property portfolio was revalued higher. However, a slightly lower occupancy rate and rising property costs dented underlying earnings, which missed ... More >>
Steel & Tube 49% jump in first-half net profit
Monday, 18 February 2019, 1:30 pm | BusinessDesk
Feb. 18 (BusinessDesk) - Steel & Tube Holdings believes it is on the road to recovery, reporting a 48.7 percent jump in first-half net profit and delivering operating profit in line with previous guidance. More >>
FIRST CUT: Port of Tauranga lifts 1H profit 4%
Monday, 18 February 2019, 11:56 am | BusinessDesk
Feb. 18 (BusinessDesk) - Port of Tauranga increased first-half net profit 4 percent, buoyed by ongoing container growth and increased log and fruit volumes. More >>
NZ dollar starts the week with a tailwind
Monday, 18 February 2019, 11:42 am | BusinessDesk
Feb. 18 (BusinessDesk) - The New Zealand dollar started the week on the front foot as investors were buoyed by positive noises coming from the latest round of trade talks between the US and China. More >>
Tax Working Group's capital gains proposal keenly awaited
Monday, 18 February 2019, 11:16 am | BusinessDesk
Feb. 18 (BusinessDesk) - New Zealand is probably going to get a capital gains tax and the likely outline of how that could play out will probably be the economic highlight this week. More >>
MARKET CLOSE: NZ shares dip as global trade jitters weigh
Friday, 15 February 2019, 9:32 pm | BusinessDesk
Feb. 15 (BusinessDesk) - New Zealand shares fell as pessimism over trade negotiations between the US and China cast a pall across Asia. Exporters including A2 Milk and Fisher & Paykel Healthcare led the market lower. More >>
NZ dollar set for weekly gain after Reserve Bank surprise
Friday, 15 February 2019, 9:31 pm | BusinessDesk
Feb. 15 (BusinessDesk) - The New Zealand dollar fell slightly on the day but is headed for a 1.2 percent weekly gain after the Reserve Bank surprised the market last Wednesday with a less dovish than expected monetary policy statement. More >>
Burger Fuel exploring sale after review questions merits
Friday, 15 February 2019, 4:26 pm | BusinessDesk
Feb. 15 (BusinessDesk) - Burger Fuel Worldwide will test the waters for a potential buyer after a review by KPMG questioned the fast-food franchisor's current listing. More >>
New net migration data to remain rubbery for quite some time
Friday, 15 February 2019, 3:17 pm | BusinessDesk
Feb. 15 (BusinessDesk) - The second month of the new net migration statistics suggests the data will be highly volatile and that at the very least, a longer build-up of history will be needed before anybody can rely on each new month’s figures. More >>
NZX to push sales this year
Friday, 15 February 2019, 3:02 pm | BusinessDesk
Feb. 15 (BusinessDesk) - NZX will pursue sales growth this year, after wearing the cost of reshaping its business in 2018 as part of a five-year strategy to revive the capital markets. More >>
Slowing new orders growth weighs on January PMI
Friday, 15 February 2019, 2:57 pm | BusinessDesk
Feb. 15 (BusinessDesk) - Growth in new orders slowed for a third month in a row, according to the latest BNZ-BusinessNZ performance of manufacturing index. More >>
New NZ dry dock a basis for new industry - KiwiRail
Friday, 15 February 2019, 1:54 pm | BusinessDesk
Feb. 15 (BusinessDesk) - A dry dock to handle the country’s biggest vessels is affordable and can form the basis of a new marine servicing industry, KiwiRail chair Greg Miller says. More >>
Wellington Drive beats 2H sales forecast
Friday, 15 February 2019, 1:32 pm | BusinessDesk
Feb. 15 (BusinessDesk) - Wellington Drive Technologies says revenue rose 36 percent in calendar 2018 and it will deliver an operating profit as promised. More >>
NZIQS decides more training is the answer
Friday, 15 February 2019, 1:07 pm | BusinessDesk
Feb. 15 (BusinessDesk) - The New Zealand Institute of Quantity Surveyors has decided more training is the best penalty to impose on immediate past president Jeremy Shearer after a Building Disputes Tribunal adjudicator described his conduct as “punitive,” ... More >>
NZ dollar holds gains as US retail sales weigh on greenback
Friday, 15 February 2019, 11:42 am | BusinessDesk
Feb. 15 (BusinessDesk) - The New Zealand dollar held yesterday's gain as weaker-than-expected US retail sales raised fears about a slowdown in the world's biggest economy, weighing on the greenback. More >>
MARKET CLOSE: NZ shares snap six-day gain as kiwi weighs
Thursday, 14 February 2019, 9:15 pm | BusinessDesk
MARKET CLOSE: NZ shares snap six-day gain as kiwi weighs on F&P, A2; Skellerup gains More >>
