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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 109]
NZ card spending bounces back in January
Tuesday, 12 February 2019, 3:02 pm | BusinessDesk
NZ card spending bounces back in January as consumers lean on credit More >>
Rising house prices put pressure on affordability
Tuesday, 12 February 2019, 2:20 pm | BusinessDesk
Feb. 12 (BusinessDesk) - Modest house price gains through the tail-end of last year were big enough to counter cheap finance and higher wages, and squeezed home affordability in the three months through November, according to Massey University research. More >>
South Port eyes extra Tiwai trade; reiterates FY guidance
Tuesday, 12 February 2019, 11:46 am | BusinessDesk
Feb. 12 (BusinessDesk) - South Port says it will work with New Zealand Aluminium Smelters this year to see if it can provide additional services for the extra production expected from Tiwai Point. More >>
US-China trade negotiations keep investors on edge
Tuesday, 12 February 2019, 11:45 am | BusinessDesk
Feb. 12 (BusinessDesk) - The New Zealand dollar eased as investors remain focused on trade negotiations between the US and China, which have until the end of this month to avert the next round of tariffs being imposed. More >>
MARKET CLOSE: NZ shares gain as earnings season kicks off
Monday, 11 February 2019, 8:39 pm | BusinessDesk
MARKET CLOSE: NZ shares gain as Contact kicks off earnings season on a bright note More >>
NZ dollar gains on bargain hunting ahead of RBNZ
Monday, 11 February 2019, 8:36 pm | BusinessDesk
Feb. 11 (BusinessDesk) - The New Zealand dollar rose against all major currencies in what dealers describe as “bargain hunting” after a horror week last week. More >>
GWA's $118m offer for Methven comes after underperformance
Monday, 11 February 2019, 7:47 pm | BusinessDesk
Feb. 11 (BusinessDesk) - Grant Samuel’s report on Australia-based GWA’s $118 million takeover offer for Methven is a sorry reminder of how poorly the New Zealand-based tap maker has performed for investors. More >>
UPDATE: Contact earnings jump
Monday, 11 February 2019, 5:52 pm | BusinessDesk
Feb. 11 (BusinessDesk) - Higher gas and carbon prices are likely to underpin wholesale power prices but nevertheless longer-term electricity futures prices should fall, Contact Energy says. More >>
JB Hi-Fi's NZ stores profitable again as sales grow 5.8%
Monday, 11 February 2019, 5:05 pm | BusinessDesk
Feb. 11 (BusinessDesk) - JB Hi-Fi's New Zealand unit is back in profit, and the company has raised its guidance for sales this side of the Tasman. More >>
Health ministry prosecutes Promisia Integrative over Arthrem
Monday, 11 February 2019, 4:50 pm | BusinessDesk
Health ministry prosecutes Promisia Integrative over Arthrem product More >>
Investors lukewarm about Briscoes Christmas miracle
Monday, 11 February 2019, 3:15 pm | BusinessDesk
Feb. 11 (BusinessDesk) - Retailer Briscoe Group has delivered a solid fourth quarter performance, despite a tough pre-Christmas period for the sector. It's predicting another full-year of profit growth - which would make it the ninth in a row. More >>
Grant Samuel values Methven shares at up to $1.60
Monday, 11 February 2019, 2:57 pm | BusinessDesk
Feb. 11 (BusinessDesk) - The independent report on Australia-based GWA’s $118 million takeover offer for taps maker Methven says the offer is at the top of its valuation range. More >>
Trustpower flags write-down on generation assets
Monday, 11 February 2019, 12:33 pm | BusinessDesk
Feb. 11 (BusinessDesk) - Trustpower says it might have to write down the value of its generation assets by as much as $170 million after revising its view on future electricity prices. More >>
FIRST CUT: Contact 1H net profit jumps on asset sales
Monday, 11 February 2019, 12:10 pm | BusinessDesk
Feb. 11 (BusinessDesk) - Contact Energy, the country’s second-largest electricity retailer, increased first-half profit five-fold on the sale of its Ahuroa gas storage and LPG business last year. More >>
NZ dollar trades in tight range
Monday, 11 February 2019, 11:39 am | BusinessDesk
Feb. 11 (BusinessDesk) - The New Zealand dollar stuck to a tight trading range as investors remain pessimistic over the ability of US and Chinese trade negotiators to find common ground before their March deadline. More >>
Fletcher likely to pay a 30c annual dividend
Monday, 11 February 2019, 11:20 am | BusinessDesk
Feb. 11 (BusinessDesk) - Fletcher Building is likely to pay a 30 cents per share dividend for the year ending June and the payout will be skewed to the second half after the US$840 million sale of Formica has settled, says FNZC analyst Arie Dekker. More >>
No change on Wednesday but where is the OCR headed?
Monday, 11 February 2019, 11:15 am | BusinessDesk
Feb. 11 (BusinessDesk) - Reserve Bank governor Adrian Orr will probably acknowledge the increasing storm clouds on the horizon globally but nobody is expecting him to make any change to interest rate settings on Wednesday when he releases the latest ... More >>
MARKET CLOSE: NZ shares rise in quiet trading
Friday, 8 February 2019, 8:44 pm | BusinessDesk
Feb. 8 (BusinessDesk) - New Zealand shares gained in the run-up to corporate earnings season, with Contact Energy the first major company out of the blocks on Monday. Australian results have been mixed so far this week. More >>
NZ dollar gains against Aussie on downbeat RBA forecasts
Friday, 8 February 2019, 8:24 pm | BusinessDesk
Feb. 8 (BusinessDesk) - The New Zealand dollar is mixed, gaining against the Australian dollar but little changed against the greenback, after downbeat growth and inflation forecasts from the Reserve Bank of Australia. More >>
Transpower challenged to deliver on network spend
Friday, 8 February 2019, 5:39 pm | BusinessDesk
Feb. 8 (BusinessDesk) - National grid operator Transpower is being challenged to seek further efficiencies so that it can complete almost $90 million of work in coming years it may otherwise defer due to potential shortages of skilled contractors. More >>
