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 134]
Cavalier sees first-half profit up as much as 82%
Wednesday, 5 December 2018, 1:44 pm | BusinessDesk
Cavalier Corp says the factory closures and job cuts of recent years are paying off with first-half profit set to rise by as much as 82 percent, even as the company faces softer market conditions in both Australia and New Zealand. More >>
Trade Me attracts another suitor with a sweeter offer
Wednesday, 5 December 2018, 1:14 pm | BusinessDesk
Trade Me has attracted a second private equity suitor willing to pay $2.56 billion for the country's dominant online marketplace. More >>
Scales hikes interim dividend on rising earnings outlook
Wednesday, 5 December 2018, 1:07 pm | BusinessDesk
Scales Corp will pay a bigger interim dividend than a year ago and says it may exceed annual earnings guidance as all its units tracking ahead of 2017. More >>
Fitch raises outlook for NZ banks to stable
Wednesday, 5 December 2018, 12:16 pm | BusinessDesk
Dec. 5 (BusinessDesk) - Global ratings agency Fitch Ratings has raised the outlook for New Zealand banks to stable from negative, citing stabilising household debt and slowing house price growth. More >>
NZ dollar slips from 5-month high
Wednesday, 5 December 2018, 11:47 am | BusinessDesk
Dec. 5 (BusinessDesk) - The New Zealand dollar fell from a five-month high as investors grew wary of the US-China agreement to cool trade tensions and US President Donald Trump kept the door open to more tariffs. More >>
Dairy product prices climb as whole milk powder gains
Wednesday, 5 December 2018, 11:20 am | BusinessDesk
Dec. 5 (BusinessDesk) - Dairy product prices rose at the Global Dairy Trade auction, stemming a decline that began in May. More >>
QV data shows house prices rose 3.5% in year ended November
Wednesday, 5 December 2018, 11:18 am | BusinessDesk
Dec. 4 (BusinessDesk) - Quotable Value says its house price index rose 3.5 percent in the year ended November and by 1.3 percent in the past three months. More >>
MARKET CLOSE: NZ shares fall as trade tailwind slows
Tuesday, 4 December 2018, 9:18 pm | BusinessDesk
Dec. 4 (BusinessDesk) - New Zealand shares snapped five days of gains as optimism over the cooling of US-China tensions abated. Spark New Zealand declined as new accounting standards prompted it to adopt new earnings measures. More >>
NZ dollar gains vs Aussie as RBA affirms flat rate track
Tuesday, 4 December 2018, 8:39 pm | BusinessDesk
Dec. 4 (BusinessDesk) - The New Zealand dollar hit a seven-month high against its trans-Tasman counterpart after the Reserve Bank of Australia affirmed a flat interest rate track. More >>
CORRECT: Social enterprise investment fund closes with $9M
Tuesday, 4 December 2018, 8:08 pm | BusinessDesk
Dec. 4 (BusinessDesk) - Social enterprise-focused Impact Enterprise Fund closed out with $9 million last week, having put some of that to work in a health tech firm. More >>
Jones unamused by Westland Milk CFO 'breaking wind'
Tuesday, 4 December 2018, 7:33 pm | BusinessDesk
Dec. 4 (BusinessDesk) – Regional Economic Development Minister Shane Jones expressed his displeasure at comments by the chief financial officer of Westland Milk Products about the cooperative's $9.9 million Provincial Growth Fund loan, saying it was "something ... More >>
Delegat to invest $33M to support global growth aspirations
Tuesday, 4 December 2018, 7:32 pm | BusinessDesk
Dec. 4 (BusinessDesk) – Delegat Group will spend $33 million developing its vineyards in the current financial year to support an expected 23 percent lift in global sales by 2021. More >>
Vector has partial win on retailer contracts
Tuesday, 4 December 2018, 5:26 pm | BusinessDesk
Vector has had a partial win in its efforts to protect the form of the contracts it has with electricity retailers. More >>
Social enterprise investment fund closes with $9M
Tuesday, 4 December 2018, 5:25 pm | BusinessDesk
Social enterprise-focused Impact Enterprise Fund closed out with $9 million last week, having put a ninth of that to work in a health tech firm. More >>
Fonterra likely to cut forecast payout to farmer shareholder
Tuesday, 4 December 2018, 4:43 pm | BusinessDesk
Fonterra Cooperative Group is expected to cut its forecast payout to farmers when it publishes first-quarter results on Thursday. More >>
Gas-based hydrogen, carbon capture needed
Tuesday, 4 December 2018, 3:08 pm | BusinessDesk
Dec. 4 (BusinessDesk) – Hydrogen fuels will have to be developed using natural gas if they are to deliver material emissions reductions quickly enough to help limit global warming, Norwegian oil giant Equinor says. More >>
Vital manager NorthWest compares apples with oranges
Tuesday, 4 December 2018, 3:05 pm | BusinessDesk
Dec. 4 (BusinessDesk) – Vital Healthcare Property Trust’s manager is trying to ward off criticism from three of Vital’s institutional investors by saying that two of the three manage similar investment funds and charge fees that are “broadly ... More >>
Spark explains the impact of new accounting
Tuesday, 4 December 2018, 12:52 pm | BusinessDesk
Dec. 4 (BusinessDesk) – Telecommunications company Spark New Zealand restated guidance for the year ending June next year to reflect its adoption of new accounting standards and listing rules and its own restructuring. More >>
Orion Health to buy up to $144.6M shares at $1.224 apiece
Tuesday, 4 December 2018, 12:28 pm | BusinessDesk
Dec. 3 (BusinessDesk) – Orion Health will pay up to $144.6 million buying back shares from investors in the healthcare technology firm that struggled to achieve the big aspirations it had when it went public four years ago. More >>
New car regos fell 1.6% in November from a year earlier
Tuesday, 4 December 2018, 11:52 am | BusinessDesk
Dec. 4 (BusinessDesk) – The Motor Industry Association says the market for new vehicles is in a “steady as she goes” state with registrations falling 1.6 percent to 14,359 in November compared with the same month a year earlier. More >>
