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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 184]
South Port NZ lifts FY net profit 14%
Thursday, 23 August 2018, 7:34 pm | BusinessDesk
Aug. 23 (BusinessDesk) - South Port New Zealand, which operates the country's southern-most port, lifted full-year profit 14 percent as cargo flows - in particular wood products - continued to push higher. More >>
Seeka 1H profit falls on further banana business writedown
Thursday, 23 August 2018, 7:33 pm | BusinessDesk
Aug. 23 (BusinessDesk) - Seeka, New Zealand's biggest kiwifruit grower, posted a 6.5 percent decline in first-half profit despite revenue rising, as it wrote down the value of its banana-sourcing business further. More >>
Lyttelton Port annual profit falls on higher costs
Thursday, 23 August 2018, 7:32 pm | BusinessDesk
Aug. 23 (BusinessDesk) - Lyttelton Port Co's annual profit fell as strike action and costs of hiring additional staff outweighed higher revenue. More >>
RESEND: F&P Healthcare raises earnings forecast
Thursday, 23 August 2018, 7:31 pm | BusinessDesk
Aug. 23 (BusinessDesk) - Fisher & Paykel Healthcare Corp has raised its full-year earnings forecast by about $5 million on the back of strong sales growth and the weaker New Zealand dollar. More >>
F&P Healthcare raises earnings forecast on weaker kiwi
Thursday, 23 August 2018, 5:17 pm | BusinessDesk
Fisher & Paykel Healthcare Corp has raised its full-year earnings forecast by about $5 million on the back of strong sales growth and the weaker New Zealand dollar. More >>
Auckland Airport considers $175M bond to fund capex
Thursday, 23 August 2018, 4:46 pm | BusinessDesk
Aug. 23 (BusinessDesk) - Auckland International Airport is considering raising $175 million via a bond issue towards the end of the year to help fund capital expenditure, as it undertakes a $2 billion infrastructure development programme More >>
Horizon Oil forecasts ongoing strong production in China, NZ
Thursday, 23 August 2018, 4:45 pm | BusinessDesk
Aug. 23 (BusinessDesk) - Horizon Oil is projecting similar production for 2019 and improved revenue on the back of infill drilling at its operations in China’s Beibu Gulf and ongoing optimisation efforts in the Maari field off the Taranaki coast. More >>
Air NZ, Qantas shares fall
Thursday, 23 August 2018, 4:14 pm | BusinessDesk
Aug. 23 (BusinessDesk) - Shares of trans-Tasman rivals Air New Zealand and Qantas Airways fell after the national carriers both warned the rising cost of fuel will weigh on upcoming earnings, despite their respective success in the latest period. More >>
Refinery to appeal dredging consents
Thursday, 23 August 2018, 3:44 pm | BusinessDesk
Aug. 23 (BusinessDesk) - The New Zealand Refining Company intends to appeal aspects of the consents it has been granted for dredging the mouth of the Whangarei harbour. More >>
TeamTalk keeps dividends on hold
Thursday, 23 August 2018, 2:47 pm | BusinessDesk
Aug. 23 (BusinessDesk) - TeamTalk shares fell 2.2 percent after the company said it will reinvest earnings growth into network upgrades during the next two years. More >>
UPDATE: Ebos lifts annual earnings 10.3%
Thursday, 23 August 2018, 2:45 pm | BusinessDesk
Aug. 23 (BusinessDesk) - Ebos Group boosted annual earnings in line with its forecast even though revenue fell, as the pharmaceutical and animal health products company increased margins and benefited from acquisitions. More >>
NZME pays smaller dividend than expected as earnings sink
Thursday, 23 August 2018, 1:05 pm | BusinessDesk
Aug. 23 (BusinessDesk) - NZME will pay a smaller interim dividend than analysts expected as first-half earnings almost halved on declining print revenue and as weak business confidence dented radio agency advertising. More >>
Ebos lifts annual earnings 10.3%
Thursday, 23 August 2018, 1:00 pm | BusinessDesk
Aug. 23 (BusinessDesk) - Ebos Group boosted annual earnings in line with its forecast even though revenue fell, as the pharmaceutical and animal health products company increased margins and benefited from acquisitions. More >>
FIRST CUT: Auckland Airport lifts 2018 profit
Thursday, 23 August 2018, 12:27 pm | BusinessDesk
Aug. 23 (BusinessDesk) - Auckland International Airport lifted underlying profit in 2018 and expects further uplift in 2019 as it spent more on redevelopment. More >>
FIRST CUT: Air New Zealand lifts annual earnings 2.5%
Thursday, 23 August 2018, 12:12 pm | BusinessDesk
Aug. 23 (BusinessDesk) - Air New Zealand lifted full-year earnings 2.5 percent despite significantly higher fuel prices, but the airline is slightly more downbeat about the current financial year as those costs continue to push higher. More >>
NZ dollar hold at 67 US cts
Thursday, 23 August 2018, 11:33 am | BusinessDesk
Aug. 23 (BusinessDesk) - The New Zealand dollar was virtually unchanged as minutes to the last Federal Reserve policy review showed the central bank committee still expected to keep raising interest rates. More >>
MARKET CLOSE: NZ shares at fresh record
Wednesday, 22 August 2018, 8:41 pm | BusinessDesk
MARKET CLOSE: NZ shares at fresh record as Trade Me, A2, Meridian gain on earnings; Fletcher drops More >>
NZ dollar climbs above 67 US cts on strong retail sales
Wednesday, 22 August 2018, 8:20 pm | BusinessDesk
NZ dollar climbs above 67 US cts on strong retail sales, Wall St's bull run More >>
Fletcher Building shares drop 5.7% as investors seek yield
Wednesday, 22 August 2018, 8:05 pm | BusinessDesk
Aug. 22 (BusinessDesk) - Fletcher Building shares dropped 5.7 percent despite news it expects to resume paying dividends in the 2019 financial year as investors look for more immediate yield. More >>
Policy needed to speed re-consenting of wind sites: Meridian
Wednesday, 22 August 2018, 7:46 pm | BusinessDesk
Aug. 22 (BusinessDesk) - Stronger policy direction favouring renewables is needed if the country is to meet its target for net-zero carbon emissions by 2050, Meridian Energy chief executive Neal Barclay says. More >>
