Scoop has an Ethical Paywall
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 1122]
Auckland Airport sees growth luring Asian travellers
Wednesday, 21 August 2013, 3:06 pm | BusinessDesk
Aug. 21 (BusinessDesk) - Auckland International Airport aims to grow earnings by up to 11 percent next year in a four-pronged plan that includes a coordinated effort to attract Asian visitors to New Zealand and develop the gateway’s land bank into ... More >>
Auckland Council pushed as template for regions
Wednesday, 21 August 2013, 2:59 pm | BusinessDesk
Aug. 21 (BusinessDesk) – The amalgamation of councils in Auckland has worked so well it should be a template for the rest of New Zealand, the lobby group for infrastructure companies says. More >>
Trade Me shares fall on outlook for slower earnings growth
Wednesday, 21 August 2013, 2:51 pm | BusinessDesk
Trade Me shares drop 4.2%, worst performer on NZX 50, as earnings seen slowing in 2014 More >>
Sky TV agrees resale, distribution agreement with Vodafone
Wednesday, 21 August 2013, 2:14 pm | BusinessDesk
Aug. 21 (BusinessDesk) – Sky Network Television has agreed a resale and distribution agreement with Vodafone after the mobile phone company bought Telstra Corp.’s New Zealand unit last year. More >>
NZ King Salmon faces Supreme Court challenge from EDS
Wednesday, 21 August 2013, 2:09 pm | BusinessDesk
Aug.21 (BusinessDesk) - New Zealand King Salmon faces a Supreme Court challenge to two new salmon farms in the outer Marlborough Sounds from an environmental group. More >>
ASX-listed Suncorp more than triples annual profit in NZ
Wednesday, 21 August 2013, 1:17 pm | BusinessDesk
Aug. 21 (BusinessDesk) – Suncorp Group, the owner of Vero New Zealand, has reported a 264 percent increase in New Zealand earnings in the wake of the Christchurch earthquakes and is optimistic of more as the economy recovers. More >>
Aus union practices ‘needs a dose of Thatcher': Fletcher CEO
Wednesday, 21 August 2013, 12:28 pm | BusinessDesk
Aug. 21 (BusinessDesk) – Australia has old-fashioned union arrangements and needs “a dose of Margaret Thatcher,” says Mark Adamson, the British chief executive of Fletcher Building. More >>
MIDDAY UPDATE: Fletcher shares jump on upbeat earnings
Wednesday, 21 August 2013, 12:06 pm | BusinessDesk
Aug. 21 (BusinessDesk) – Shares in Fletcher Building gained 4.1 percent to $8.55 after the country’s biggest listed company beat earnings expectations. More >>
Auckland Airport shares climb to 6-yr high on earnings gain
Wednesday, 21 August 2013, 11:36 am | BusinessDesk
Aug. 21 (BusinessDesk) - Shares in Auckland International Airport rose to a six-year high after the country’s biggest gateway beat earnings estimates and lifted its dividend payment. More >>
Trade Me annual profit rises 4%, warns of slower growth
Wednesday, 21 August 2013, 11:31 am | BusinessDesk
Trade Me annual profit rises 4%, warns of slower earnings growth in 2014 as it invests in the business More >>
Net loss of migrants to Aussie declines but visits soar
Wednesday, 21 August 2013, 11:24 am | BusinessDesk
Aug. 21 (BusinessDesk) – More New Zealanders are taking short trips to Australia but fewer are going to live there. More >>
Fletcher beats estimates with $326M FY profit as NZ revives
Wednesday, 21 August 2013, 10:48 am | BusinessDesk
Fletcher beats estimates with $326M FY profit as NZ revives, Australia stays flat By Jonathan Underhill More >>
Z listing ups value of Infratil’s stake but cuts earnings
Wednesday, 21 August 2013, 10:36 am | BusinessDesk
Aug. 21 (BusinessDesk) – Infratil’s remaining 20 percent stake in Z Energy is worth nearly as much as the book value of its half-share prior the sharemarket listing of the petrol station chain. More >>
Trade Me annual profit rises 4%, warns of slower 2014 growth
Wednesday, 21 August 2013, 9:44 am | BusinessDesk
Trade Me annual profit rises 4%, warns of slower growth in 2014 as it reinvests in the business More >>
Auckland Airport boosts profit 25% as property values rise
Wednesday, 21 August 2013, 9:28 am | BusinessDesk
Aug. 21 (BusinessDesk) - Auckland International Airport boosted annual profit 25 percent, beating estimates, as it reported increased passenger and plane numbers and a pick-up in the value of its property portfolio, and lifted its return to shareholders. More >>
GPG names Clasper new non-executive chairman of Coats
Wednesday, 21 August 2013, 9:12 am | BusinessDesk
Aug. 21 (BusinessDesk) – Guinness Peat Group has named a former chief executive of BAA as non-executive chairman of Coats Plc as the broken up investment company focuses on its remaining big asset. More >>
NZ dollar weakens as emerging markets lose favour, RBNZ
Wednesday, 21 August 2013, 8:39 am | BusinessDesk
Aug 21 (BusinessDesk) – The New Zealand dollar fell to a week low as investors move out of emerging markets and new Reserve Bank restrictions on home lending limit the appeal of the local currency. More >>
Ebos still hungry for acquisitions after Symbion deal: CEO
Wednesday, 21 August 2013, 8:20 am | BusinessDesk
Aug. 21 (BusinessDesk) – Ebos Group, which completed its biggest ever deal buying Australia’s Symbion for $1.1 billion this year, is still hungry for acquisitions and has two potential targets, says chief executive Mark Waller. More >>
While you were sleeping: Retailers provide lift
Wednesday, 21 August 2013, 7:56 am | BusinessDesk
Aug 21 (BusinessDesk) – Wall Street gained, propelled by better-than-expected earnings from US retailers including Best Buy. More >>
Dairy prices rise 2.3% in GDT auction, volumes stay high
Wednesday, 21 August 2013, 7:10 am | BusinessDesk
Aug. 21 (BusinessDesk) - Prices of dairy products gained in the latest GlobalDairyTrade auction and the volume sold remained at elevated level for a second sale, suggesting overseas buyers aren’t fazed by elevated nitrate levels in Westland Milk’s lactoferrin. More >>
