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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 180]
Oregon has no plans to sell NZ King Salmon stake
Thursday, 30 August 2018, 4:11 pm | BusinessDesk
Aug. 30 (BusinessDesk) - New Zealand King Salmon Investments' cornerstone shareholder Oregon Group doesn't plan to exit its "trophy investment" now the escrow period is over. More >>
Rebranded Landcorp pays first dividend in four years
Thursday, 30 August 2018, 3:06 pm | BusinessDesk
Aug. 30 (BusinessDesk) - State-owned Landcorp Farming has paid its first dividend in four years as earnings rose on increased livestock sales. More >>
Auckland residential building consents jump 28%
Thursday, 30 August 2018, 2:55 pm | BusinessDesk
Aug. 30 (BusinessDesk) - Auckland continues to lead the way in construction demand, with residential building consents jumping 28 percent in the year to the end of July outpacing an 8 percent nationwide gain. More >>
Entrust seeks special meeting to remove Vector chair
Thursday, 30 August 2018, 2:19 pm | BusinessDesk
Aug. 30 (BusinessDesk) - Vector’s major shareholder is seeking a special meeting to formally remove company chair Mike Stiassny from that role. More >>
Veritas annual accounts tagged by auditor
Thursday, 30 August 2018, 1:00 pm | BusinessDesk
Aug. 30 (BusinessDesk) - Veritas Investments reported a profit in 2018 due to the $6.3 million gain from selling the Mad Butcher franchise, though its auditors couldn't confirm that figure, while its only remaining business wrote down $1.2 million in ... More >>
Allied Farmers wary of M. bovis impact on livestock trade
Thursday, 30 August 2018, 12:56 pm | BusinessDesk
Aug. 30 (BusinessDesk) - Allied Farmers expects the outbreak of Mycoplasma bovis and efforts to contain the cattle disease will slow down activity in its core livestock division. More >>
NZ dollar gains vs Aussie
Thursday, 30 August 2018, 11:41 am | BusinessDesk
Aug. 30 (BusinessDesk) - The New Zealand dollar gained against its trans-Tasman counterpart after an out-of-cycle rate hike by Westpac Banking Corp caused traders to question the Reserve Bank of Australia's policy stance. More >>
MARKET CLOSE: NZ shares surge to record
Wednesday, 29 August 2018, 8:57 pm | BusinessDesk
MARKET CLOSE: NZ shares surge to record as market reopens; Synlait, a2 gain By Sophie Boot More >>
Commerce Commission takes first unfair contracts action
Wednesday, 29 August 2018, 8:33 pm | BusinessDesk
Aug. 29 (BusinessDesk) - The Commerce Commission has begun court proceedings involving mobile trader Home Direct over what it says were unfair customer contracts. More >>
NZ dollar holds gains on trade optimism
Wednesday, 29 August 2018, 8:17 pm | BusinessDesk
Aug. 29 (BusinessDesk) - The New Zealand dollar held its gains against the greenback as Canada headed back to the bargaining table with the US and Mexico, however, upcoming US and domestic data could knock it off its perch. More >>
Trans-Tasman Resources considers options
Wednesday, 29 August 2018, 7:57 pm | BusinessDesk
Aug. 29 (BusinessDesk) - Trans-Tasman Resources is disappointed the High Court quashed its marine consent for an offshore iron sands project and is considering its options. More >>
Harts snap up Hansells for $15 million
Wednesday, 29 August 2018, 7:52 pm | BusinessDesk
Aug. 29 (BusinessDesk) - Billionaire Graeme Hart and his son Harry bought Hansells Food Group for $15 million in their creation of a new local food empire. More >>
Mercer loss widens on poor H&C performance
Wednesday, 29 August 2018, 7:37 pm | BusinessDesk
Aug. 29 (BusinessDesk) - Mercer Group says its two major operating divisions have good work flows and delivered an operating profit last month. More >>
Pyne Gould says litigation likely over Perpetual Trust sale
Wednesday, 29 August 2018, 6:37 pm | BusinessDesk
Aug. 29 (BusinessDesk) - Pyne Gould Corp says it's more likely to head to court to recover what it claims it's owed on the sale of Perpetual Trust to Bath Street Capital five years ago. More >>
Genesis not worried by lifting of ETS cap
Wednesday, 29 August 2018, 5:41 pm | BusinessDesk
Aug. 29 (BusinessDesk) - Genesis Energy, the country’s largest thermal generator, says it is not worried by proposals to lift the cap on carbon prices in the country’s emissions trading scheme. More >>
NZX CEO Peterson 'deeply apologetic'
Wednesday, 29 August 2018, 4:37 pm | BusinessDesk
Aug. 29 (BusinessDesk) - NZX chief executive Mark Peterson is "deeply apologetic" about an internal mistake that shut down trading for most of yesterday. More >>
GeoOP narrows annual underlying ebitda-loss
Wednesday, 29 August 2018, 3:29 pm | BusinessDesk
Aug. 29 (BusinessDesk) - GeoOp, the workforce management app developer, narrowed its full-year loss before interest, tax, depreciation and amortisation and expects strong revenue growth to continue this year. More >>
Methven shares gain as strong exports boost profit
Wednesday, 29 August 2018, 2:32 pm | BusinessDesk
Aug. 29 (BusinessDesk) - Methven lifted annual profit 22 percent as the tapware designer earned more from international sales while New Zealand weakened, though it expects better domestic growth in 2019. More >>
TIL Logistics misses forecast earnings on mounting fuel bill
Wednesday, 29 August 2018, 2:24 pm | BusinessDesk
Aug. 29 (BusinessDesk) - TIL Logistics lifted earnings at a slower pace than forecast as the trucking and logistics company faced a rising fuel bill and had to contend with road closures triggered by bad weather. More >>
Vista expects to maintain sales growth as profit climbs 36%
Wednesday, 29 August 2018, 1:59 pm | BusinessDesk
Vista Group International expects to maintain sales momentum through the rest of the year as the acquisition of a Latin American cinema analytics reseller helped boost first-half profit 36 percent. More >>
