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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 139]
Aged care operator Arvida doubles first half profit
Tuesday, 27 November 2018, 12:41 pm | BusinessDesk
Nov. 27 (BusinessDesk) - Retirement village and aged care operator Arvida Group saw strong growth in the six months to Sept. 30 on the back of high occupancy and contributions from last year’s acquisitions. More >>
Turners lifts first-half profit 28% but warns about outlook
Tuesday, 27 November 2018, 12:22 pm | BusinessDesk
Nov. 27 (BusinessDesk) - Turners Automotive lifted first-half net profit 28 percent and says strong performance from its insurance business offset a country-wide slowdown in the vehicle retailing sector. More >>
NZ dollar treads water as investors await Fed speakers
Tuesday, 27 November 2018, 11:41 am | BusinessDesk
Nov. 27 (BusinessDesk) - The New Zealand dollar was largely unchanged as US markets reopened on a positive note as investors await speeches from Federal Reserve officials after cautious comments on the US rate outlook earlier this month. More >>
MARKET CLOSE: NZ shares fall with some blue chip gains
Monday, 26 November 2018, 8:56 pm | BusinessDesk
Nov. 26 (BusinessDesk) - New Zealand shares fell in light trading as blue-chip stocks including A2 Milk Co, Ryman Healthcare and Fletcher Building followed Australia lower. Fisher & Paykel Healthcare gained after reporting increased earnings. More >>
NZ dollar shrugs off weak retail sales data
Monday, 26 November 2018, 8:55 pm | BusinessDesk
Nov. 26 (BusinessDesk) - The New Zealand dollar is slightly higher as investors await offshore events, including a raft of US data, minutes from the US Federal Reserve and a highly anticipated meeting between US President Donald Trump and his Chinese ... More >>
8 Rivers hydrogen a 'last gasp' effort by oil and gas sector
Monday, 26 November 2018, 8:53 pm | BusinessDesk
Nov. 26 (BusinessDesk) - Greenpeace is labelling a proposal to build a multi-billion dollar electricity, hydrogen and urea plant in Taranaki a "last gasp" effort by the oil and gas sector to prolong its life in New Zealand. More >>
NZ house prices could follow Australia's down: ASB
Monday, 26 November 2018, 8:51 pm | BusinessDesk
Nov. 26 (BusinessDesk) - Australian house prices are falling and prices here tend to follow suit with a peak impact after about six months, according to ASB Bank economist Mark Smith. More >>
ANZ close to redressing faulty loan calculations
Monday, 26 November 2018, 7:31 pm | BusinessDesk
Nov. 26 (BusinessDesk) - ANZ Bank New Zealand has compensated about 86 percent of the 100,000 customers affected by its faulty loan calculator from March 2015. More >>
Restaurant Brands to sell to Finaccess
Monday, 26 November 2018, 5:01 pm | BusinessDesk
Nov. 26 (BusinessDesk) - Restaurant Brands New Zealand director Stephen Copulos has agreed to sell his 8.6 percent stake in the fast food franchise operator to Mexican suitor Finaccess Capital. More >>
Tone deaf Fletcher directors keep stumbling at hurdles
Monday, 26 November 2018, 5:00 pm | BusinessDesk
Nov. 26 (BusinessDesk) - Tone deaf – that’s the most apt description summing up the attitude of Fletcher Building’s directors at the annual shareholders’ meeting earlier this month. More >>
Metroglass shares tumble 28% on 1H result; CFO surprised
Monday, 26 November 2018, 4:37 pm | BusinessDesk
Nov. 26 (BusinessDesk) - Metro Performance Glass shares nosedived 28 percent after its first-half profit tumbled 22 percent but chief financial officer John Fraser-Mackenzie says the move is overdone. More >>
Motor Trade Finance lifts annual net profit 9.3%
Monday, 26 November 2018, 4:11 pm | BusinessDesk
Nov. 26 (BusinessDesk) - Motor Trade Finance lifted annual net profit 9.3 percent on solid lending growth but says it was a game of two halves. More >>
F&P Healthcare lifts 1H profit, dividend on strong sales
Monday, 26 November 2018, 4:01 pm | BusinessDesk
Nov. 26 (BusinessDesk) - Fisher & Paykel Healthcare reported a record $97.4 million interim profit on record sales across its two divisions. More >>
8 Rivers 'clean energy' project breaks cover
Monday, 26 November 2018, 3:30 pm | BusinessDesk
Nov. 26 (BusinessDesk) - Backers of a claimed "clean energy" plant for Taranaki using natural gas to make electricity, hydrogen and fertiliser have broken cover after months of preparation to support an application for a Provincial Growth Fund loan ... More >>
FMA finds audit shortcomings but won’t name names
Monday, 26 November 2018, 3:10 pm | BusinessDesk
Nov. 26 (BusinessDesk) - The Financial Markets Authority says it continues to find inconsistencies in audits of listed and other companies that sell financial products to the public. More >>
NZ dollar falls with shrinking hospitality spend
Monday, 26 November 2018, 2:38 pm | BusinessDesk
Nov. 26 (BusinessDesk) - The New Zealand dollar fell after third-quarter retail sales missed expectations, with reduced consumer demand at restaurants and bars and smaller but more expensive grocery spending. More >>
Eroad narrows 1H loss
Monday, 26 November 2018, 1:51 pm | BusinessDesk
Nov. 26 (BusinessDesk) - Eroad narrowed its first-half loss as a focus on more valuable sales in the US and new business in New Zealand offset increased spending in the period. More >>
Metro Performance Glass lowers FY guidance
Monday, 26 November 2018, 12:48 pm | BusinessDesk
Nov. 26 (BusinessDesk) - Metro Performance Glass reported a 22 percent drop in half-year net profit, lowered its full-year guidance and said it won't be paying any dividends as it struggles to turn around its Australian business. More >>
Sky TV hires British media exec Martin Stewart as new CEO
Monday, 26 November 2018, 12:26 pm | BusinessDesk
Nov. 26 (BusinessDesk) - Sky Network Television has hired veteran British media executive Martin Stewart as chief executive to oversee its shift from a traditional satellite pay-TV broadcaster to a multi-platform entertainment business. More >>
F&P Healthcare lifts 1H profit 20% on strong sales growth
Monday, 26 November 2018, 12:24 pm | BusinessDesk
Nov. 26 (BusinessDesk) - Fisher & Paykel Healthcare reported a record $97.4 million interim profit on record sales across its two divisions. More >>
