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 1412]
Kiwis lured back to big-engine cars, Turners Auctions says
Wednesday, 22 February 2012, 12:10 pm | BusinessDesk
Feb. 22 (BusinessDesk) – Rising petrol prices haven’t stopped New Zealanders purchasing larger-engine cars, according to the latest sales figures from Turners Auctions. More >>
Air NZ long-haul passenger numbers fall in January
Wednesday, 22 February 2012, 12:01 pm | BusinessDesk
Feb. 22 (BusinessDesk) – Air New Zealand, whose chief executive Rob Fyfe will leave at the end of the year, reported a 4.3 percent decline in long-haul passenger numbers last month. More >>
UPDATED: Trade Me targets retailers, smart phones for growth
Wednesday, 22 February 2012, 11:58 am | BusinessDesk
Feb. 22 (BusinessDesk) – Trade Me, the online auction site controlled by Fairfax Media, is eyeing up dormant retailers and smart-phone technology as a means to tap new markets, having beaten the first-half earnings forecast in its offer documents. More >>
MIDDAY UPDATE: Fletcher misses 1H guidance
Wednesday, 22 February 2012, 11:57 am | BusinessDesk
Feb. 22 (BusinessDesk) - Fletcher Building, New Zealand’s biggest listed company, posted a 13 percent decline in first-half profit, missing guidance, and cutting forecasts for the full year. The shares fell 3.3 percent to $6.42. More >>
UPDATED: Trade Me targets retailers, smart phones for growth
Wednesday, 22 February 2012, 11:31 am | BusinessDesk
Feb. 22 (BusinessDesk) – Trade Me, the online auction site controlled by Fairfax Media, is eyeing up dormant retailers and smart-phone technology as a means to tap new markets, having beaten the first-half earnings forecast in its offer documents. More >>
Argosy shareholders vote to become a listed company
Wednesday, 22 February 2012, 11:17 am | BusinessDesk
Feb. 22 (BusinessDesk) - Argosy Property Trust will corporatise its capital structure after shareholders voted to convert from a unit trust. The company will now be called Argosy Property Limited. More >>
NZ Oil & Gas turns to 1H profit on smaller Pike charges
Wednesday, 22 February 2012, 11:12 am | BusinessDesk
Feb. 22 (BusinessDesk) – New Zealand Oil & Gas turned to a first-half profit on reduced impairments from the failed Pike River Coal venture and improved revenue from the Kupe and Tui oil fields. More >>
PGW returns to profit on livestock, retail, AgriTech
Wednesday, 22 February 2012, 10:39 am | BusinessDesk
Feb. 22 (BusinessDesk) – PGG Wrightson, the agricultural technology and services company controlled by Singapore-based Agria, returned to profit in the first half after increases in earnings from livestock, retail and its AgriTech units. More >>
UPDATED: Trade Me beats 1H earnings forecast, targets retail
Wednesday, 22 February 2012, 9:58 am | BusinessDesk
Feb. 22 (BusinessDesk) – Trade Me, the online auction site controlled by Fairfax Media, beat its pretax profit forecast by 2.2 percent as it attracted more sales of new goods through its platform. More >>
Fletcher Building misses 1H guidance, cuts FY forecast
Wednesday, 22 February 2012, 9:58 am | BusinessDesk
Feb. 22 (BusinessDesk) – Fletcher Building, New Zealand’s biggest listed company, posted a 13 percent decline in first-half profit, missing its guidance, and cut its forecast for the full year on weak demand for home building and charges to restructure ... More >>
Trade Me beats 1H forecast, targets retail distribution
Wednesday, 22 February 2012, 9:42 am | BusinessDesk
Feb. 22 (BusinessDesk) – Trade Me, the online auction site controlled by Fairfax Media, beat its pretax profit forecast by 2.2 percent as it attracted more sales of new goods through its platform. More >>
NZ dollar falls amid muted response to Greece’s 2nd bailout
Wednesday, 22 February 2012, 8:42 am | BusinessDesk
Feb. 22 (BusinessDesk) – The New Zealand dollar fell after investors responded half-heartedly to news Greece secured a second bailout package, avoiding default, as European stock markets declined. More >>
While you were sleeping: Wall St rallies on earnings
Wednesday, 22 February 2012, 7:31 am | BusinessDesk
Feb. 22 (BusinessDesk) - The long-awaited agreement on a second international financial rescue for Greece failed to inspire investors. Instead, Wall Street looked to corporate earnings for direction. More >>
MARKET CLOSE: NZX 50 gains; Fletcher rises ahead of earnings
Tuesday, 21 February 2012, 5:47 pm | BusinessDesk
Feb. 21 (BusinessDesk) – New Zealand shares gained, paced by Fletcher Building ahead of its first-half results, amid speculation it may do better than the 10 percent profit drop it flagged last year. Ebos Group declined after it posted no growth in ... More >>
RBNZ survey shows falling inflation expectations; dollar dow
Tuesday, 21 February 2012, 4:32 pm | BusinessDesk
Feb. 21 (BusinessDesk) – New Zealand firms have cut almost half a percentage point from their inflation outlook for the coming year, after consumer prices unexpectedly fell in the last three months of 2011. More >>
Fay-led bid for Crafar farms not open to scrutiny: Pengxin
Tuesday, 21 February 2012, 3:26 pm | BusinessDesk
Feb. 21 (BusinessDesk) – The Crafar Farms Independent Purchaser Group, led by former merchant banker Michael Fay, has pulled its bid to buy 16 central North Island dairy farms ‘out of thin air’ and isn’t open to the same level of scrutiny as Shanghai ... More >>
A2 more than triples 1H net profit as sales jump 56%
Tuesday, 21 February 2012, 12:25 pm | BusinessDesk
Feb. 21 (BusinessDesk) - A2 Corporation, the NZAX-listed alternative milk company, said first-half net profit more than tripled, boosted by a legal settlement, as sales jumped 56 percent. More >>
Separate broadcasters, telco rules ‘antiquated’: MediaWorks
Tuesday, 21 February 2012, 12:17 pm | BusinessDesk
Feb. 21 (BusinessDesk) – The current regulation model that treats broadcasters and telecommunications companies as separate industries is “antiquated” and needs a more level playing to stoke competition, according to the boss of MediaWorks. More >>
MIDDAY UPDATE: Contact FH profit falls 19%
Tuesday, 21 February 2012, 12:02 pm | BusinessDesk
MIDDAY UPDATE: Contact FH profit falls 19% Feb. 21 (BusinessDesk) – Contact Energy, New Zealand’s largest electricity company on the NZX, posted a 19 percent drop in first-half profit, missing estimates, on low inflows into hydro storage lakes, ... More >>
Imperial Tobacco’s sales rise; govt gets more tax from fags
Tuesday, 21 February 2012, 11:57 am | BusinessDesk
Imperial Tobacco NZ’s 16% jump in sales hands government a fatter ‘dividend’ from fags More >>
