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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 181]
Genesis beats earnings forecast; signals higher 2019 capex
Wednesday, 29 August 2018, 1:49 pm | BusinessDesk
Aug. 29 (BusinessDesk) - Genesis Energy reported an 8 percent increase in full-year operating earnings after dry, still weather boosted demand for coal- and gas-fired generation from its Huntly site. More >>
Fletcher completes board refresh
Wednesday, 29 August 2018, 1:48 pm | BusinessDesk
Aug. 29 (BusinessDesk) - Fletcher Building has completed a boardroom refresh appointing Australian Martin Brydon as a non-executive director from next month, says outgoing chair Ralph Norris. More >>
Steel & Tube upbeat about FY19
Wednesday, 29 August 2018, 12:59 pm | BusinessDesk
Aug. 29 (BusinessDesk) - Steel & Tube Holdings says improving sales have continued into the current financial year and it expects to resume dividends as its business overhaul begins to pay off. More >>
Strong exports push record King Salmon earnings
Wednesday, 29 August 2018, 12:43 pm | BusinessDesk
Aug. 29 (BusinessDesk) - Strong export growth in its lead North American market and in Asia pushed New Zealand King Salmon to record operating earnings in the year to June 30. More >>
Genesis beats earnings forecast on strong generation demand
Wednesday, 29 August 2018, 11:54 am | BusinessDesk
Genesis Energy reported an 8 percent increase in full-year operating earnings after dry, still weather boosted demand for coal- and gas-fired generation from its Huntly site. More >>
NZ dollar gains on optimism
Wednesday, 29 August 2018, 11:40 am | BusinessDesk
The New Zealand dollar gained as investors hope a North American Free Trade Agreement can be concluded successfully with Canada in the tent. More >>
MARKET CLOSE: NZ shares suspended from trading
Tuesday, 28 August 2018, 9:14 pm | BusinessDesk
MARKET CLOSE: NZ shares suspended from trading on technical difficulties; Synlait, a2 rise, Tourism Holdings falls More >>
NZ dollar range-bound as traders overlook Ardern's bid
Tuesday, 28 August 2018, 8:38 pm | BusinessDesk
NZ dollar range-bound as traders overlook Ardern's bid to woo business By Rebecca Howard More >>
High Court quashes TTR marine consent, sends it back
Tuesday, 28 August 2018, 8:19 pm | BusinessDesk
Aug. 28 (BusinessDesk) - Trans Tasman Resources' marine consent for an offshore iron sands project has been quashed after the High Court found the consenting authority's interpretation of an adaptive management approach was too narrow. More >>
UPDATE: NZX trading suspended over internal hitch
Tuesday, 28 August 2018, 7:42 pm | BusinessDesk
Aug. 28 (BusinessDesk) - NZX is investigating internal issues that have suspended trading for most of the day. More >>
Tilt says Waverley among key near-term projects
Tuesday, 28 August 2018, 6:54 pm | BusinessDesk
Aug. 28 (BusinessDesk) - Tilt Renewables says its consented wind project at Waverley on the southern Taranaki coast is among three it is focusing on for near-term development. More >>
Low equity mortgage lending hits highest level since 2013
Tuesday, 28 August 2018, 6:33 pm | BusinessDesk
Aug. 28 (BusinessDesk) - Low equity mortgage lending hit the highest level in July since the Reserve Bank imposed loan-to-value ratio restrictions in 2013, and could dampen expectations of a rate cut. More >>
Bathurst withholds dividend citing court action
Tuesday, 28 August 2018, 5:12 pm | BusinessDesk
Aug. 28 (BusinessDesk) - Bathurst Resources has opted not to pay a final dividend and will instead retain the cash in case it has pay a US$40 million performance fee to the former owner of its Buller permits. More >>
NZX trading suspended over technical hitch
Tuesday, 28 August 2018, 4:20 pm | BusinessDesk
Aug. 28 (BusinessDesk) - NZX has been struggling with technical issues this morning, leading to a suspension of live trading since 11.15am. More >>
Caltex Aust says Gull boosted international fuel sales
Tuesday, 28 August 2018, 4:00 pm | BusinessDesk
Aug. 28 (BusinessDesk) - Caltex Australia says Gull New Zealand, which it bought last year for $340 million, is performing well and helped increase fuel sale volumes and revenue in the first half of 2018. More >>
Chch Airport profit jumps as Australia trumps Auckland
Tuesday, 28 August 2018, 1:38 pm | BusinessDesk
Aug. 28 (BusinessDesk) - Christchurch International Airport lifted profit 37 percent in 2018 and will pay more than $40 million to its Crown and council shareholders as more international visitors landed on the South Island via Australia. More >>
Tourism Holdings to beef up investment in Thor joint venture
Tuesday, 28 August 2018, 1:36 pm | BusinessDesk
Aug. 28 (BusinessDesk) - Tourism Holdings will step up investment in its TH2 joint venture with RV maker Thor Industries, which will stop it from repeating another year of record profits. More >>
Scales sees full-year earnings at top of forecast range
Tuesday, 28 August 2018, 1:24 pm | BusinessDesk
Aug. 28 (BusinessDesk) - Scales Corp expects a good export apple season will deliver full-year operating earnings at the top of the company’s forecast range. More >>
SLI Systems posts maiden profit on weaker kiwi
Tuesday, 28 August 2018, 1:23 pm | BusinessDesk
Aug. 28 (BusinessDesk) - SLI Systems says it won't stop chasing high margin growth overseas to keep its books in the black. More >>
No more than 2 fair pay agreements to be concluded this term
Tuesday, 28 August 2018, 12:15 pm | BusinessDesk
Aug. 28 (BusinessDesk) - Prime Minister Jacinda Ardern wants to win over business leaders with a new working group headed by Air New Zealand chief executive Christopher Luxon and sought to ease fears over sector-level collective agreements, saying no ... More >>
