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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 137]
QEX triples first-half sales, near quadruples profit
Thursday, 29 November 2018, 7:53 pm | BusinessDesk
Nov. 29 (BusinessDesk) - QEX Logistics says it more than tripled first-half sales, near quadrupled first-half net profit and is on track to achieve its annual sales target of $60 million. More >>
Pacific Edge returns to the capital well as sales grow
Thursday, 29 November 2018, 7:52 pm | BusinessDesk
Nov. 29 (BusinessDesk) - Capital hungry Pacific Edge is asking shareholders and other investors to stump up with another $12 million after burning through another $8.6 million in cash in the six months ended September. More >>
Petrol price fleecing study likely to take at least a year
Thursday, 29 November 2018, 7:51 pm | BusinessDesk
Nov. 29 (BusinessDesk) - Any investigation into whether petrol consumers are being fleeced is unlikely to be completed before the end of 2019. More >>
Gentrack shares sink on its Brexit caution
Thursday, 29 November 2018, 7:49 pm | BusinessDesk
Nov. 29 (BusinessDesk) - Gentrack says it’s cautious about how Brexit will affect its business in Britain and Europe in the short-term, even though it remains confident it can grow organic operating earnings at 15 percent or more in the long term. More >>
NZ business confidence remains in doldrums in November
Thursday, 29 November 2018, 5:22 pm | BusinessDesk
Nov. 29 (BusinessDesk) - New Zealand business confidence remained in the doldrums in November with headline sentiment and firms' views of their own activity largely unchanged from the previous month. More >>
Australia's QMS, MediaWorks eye merger
Thursday, 29 November 2018, 4:51 pm | BusinessDesk
Nov. 29 (BusinessDesk) - ASX-listed outdoor advertising firm QMS Media and local free-to-air broadcaster MediaWorks have signed a conditional deal to merge the New Zealand businesses in the latest round of industry consolidation. More >>
Government lends Westland Milk $9.9 mln for new plant
Thursday, 29 November 2018, 4:30 pm | BusinessDesk
Nov. 29 (BusinessDesk) - A $9.9 million government loan will help Westland Milk Products reduce its dependency on bulk dairy commodities, chief executive Toni Brendish said. More >>
Orion Health investors should take their money and run
Thursday, 29 November 2018, 3:05 pm | BusinessDesk
Nov. 29 (BusinessDesk) - Orion Health shareholders should take advantage of the company’s buyback offer and get out with whatever money they can, according to an analyst who covers the stock. More >>
Moa narrows 1H loss, reiterates break-even target
Thursday, 29 November 2018, 1:32 pm | BusinessDesk
Nov. 29 (BusinessDesk) - Brewer Moa Group reported a slightly narrower first-half loss on improved sales and reduced administration and marketing costs. More >>
Gentrack delivers on guidance
Thursday, 29 November 2018, 1:16 pm | BusinessDesk
Nov. 29 (BusinessDesk) - Gentrack says annual net profit climbed 17 percent while its underlying operating profit rose 30 percent, consistent with its market guidance. More >>
Augusta more than doubles 1H profit
Thursday, 29 November 2018, 12:52 pm | BusinessDesk
Nov. 29 (BusinessDesk) - Augusta Capital more than doubled first-half profit as it reaped more income from funds management and year-earlier costs from its move away from direct property ownership weren't repeated. More >>
Moa narrows 1H loss, reiterates break-even target
Thursday, 29 November 2018, 12:46 pm | BusinessDesk
Nov. 29 (BusinessDesk) - Brewer Moa Group reported a slightly narrower first-half loss on improved sales and reduced administration and marketing costs. More >>
Tilt’s independents urge holding out against Infratil
Thursday, 29 November 2018, 12:02 pm | BusinessDesk
Nov. 29 (BusinessDesk) - Tilt Renewables’ independent directors say it looks like Infratil’s $2.30 per share takeover bid will fail to get to 90 percent acceptances and that remaining shareholders should hold out for a better offer. More >>
NZ dollar jumps as Fed chair signals pause to rate hikes
Thursday, 29 November 2018, 11:35 am | BusinessDesk
Nov. 29 (BusinessDesk) - The New Zealand dollar jumped three-quarters of a US cent after Federal Reserve chair Jerome Powell was seen as signalling a pause in interest rate hikes that have buoyed the greenback this year. More >>
MARKET CLOSE: NZ shares gain, led higher by growth stocks
Wednesday, 28 November 2018, 9:33 pm | BusinessDesk
Nov. 28 (BusinessDesk) - New Zealand shares joined an Asia-wide rally, led higher by export-focused growth stocks Pushpay Holdings and A2 Milk, two of the bourse's most volatile stocks. More >>
2degrees laments loss of competition as Huawei banned
Wednesday, 28 November 2018, 8:43 pm | BusinessDesk
Nov. 28 (BusinessDesk) - Mobile telecommunications operator 2degrees says the decision to ban Huawei from involvement in the roll-out of the country's 5G network for national security reasons "will be a real disappointment for competition". More >>
NZ dollar higher after RBNZ financial stability report
Wednesday, 28 November 2018, 8:35 pm | BusinessDesk
Nov. 28 (BusinessDesk) - The New Zealand dollar was higher against the US dollar after the Reserve Bank relaxed curbs on high-risk mortgage lending and said financial stability risks have eased. More >>
RBNZ expects house prices to rise
Wednesday, 28 November 2018, 5:11 pm | BusinessDesk
Nov. 28 (BusinessDesk) - The Reserve Bank expects its latest easing of loan-to-valuation restrictions on bank mortgage lending will feed through into higher house prices. More >>
RBNZ highlights exorbitant life insurance commissions
Wednesday, 28 November 2018, 5:10 pm | BusinessDesk
Nov. 28 (BusinessDesk) - The Reserve Bank is sending a strong signal to the life insurance industry that broker commissions are way out of whack with international comparisons. More >>
ASX-listed NZ translation firm edging towards profitability
Wednesday, 28 November 2018, 4:30 pm | BusinessDesk
Newly-ASX-listed Straker Translations says it’s on track to achieve its full-year prospectus forecasts, after two European acquisitions and strong organic growth in the first half. More >>
