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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 185]
Bapcor plans to open 8 new BNT autoparts stores
Wednesday, 22 August 2018, 7:20 pm | BusinessDesk
Aug. 22 (BusinessDesk) - Bapcor plans to open eight new BNT stores on this side of the Tasman after the Australian autoparts firm accelerated earnings from the old Hellaby Holdings assets. More >>
CORRECT: Spark, Vocus chase higher margins
Wednesday, 22 August 2018, 6:27 pm | BusinessDesk
Aug. 22 (BusinessDesk) - Spark New Zealand and CallPlus's owner Vocus Group are targeting bigger margins in a "saturated" broadband market where firms are fighting aggressively for market share. More >>
Fletcher Building could return to B&I
Wednesday, 22 August 2018, 4:22 pm | BusinessDesk
Aug. 22 (BusinessDesk) - Fletcher Building chief executive Ross Taylor said the company would be open to bidding on new vertical construction projects if the current procurement system changes. More >>
Vodafone NZ charged with breaching Fair Trading Act
Wednesday, 22 August 2018, 4:21 pm | BusinessDesk
Aug. 22 (BusinessDesk) - The Commerce Commission has laid 10 charges against Vodafone New Zealand after it charged some broadband customers who were terminating their accounts for longer than it should have. More >>
A2 Milk shares rise 4.4% as company doubles down
Wednesday, 22 August 2018, 4:19 pm | BusinessDesk
A2 Milk shares rise 4.4% as company doubles down on US, Asia By Sophie Boot More >>
Spark, Vocus chase higher margins in broadband market
Wednesday, 22 August 2018, 4:16 pm | BusinessDesk
Aug. 22 (BusinessDesk) - Spark New Zealand and smaller rival CallPlus-owned Vocus Group are targeting bigger margins in a "saturated" broadband market where firms are fighting aggressively for market share. More >>
OMV weighs Manaia drilling options
Wednesday, 22 August 2018, 2:51 pm | BusinessDesk
Aug. 22 (BusinessDesk) - OMV says it will know later this year whether to proceed with further appraisal drilling in the Manaia structure south-west of the Maari oil field. More >>
NZ Q2 retail sales volumes rise more than expected
Wednesday, 22 August 2018, 2:22 pm | BusinessDesk
Aug. 22 (BusinessDesk) - New Zealand retail sales volumes accelerated more than expected in the second quarter, led by hardware and building supplies. More >>
Australia help lift Meridian earnings
Wednesday, 22 August 2018, 2:16 pm | BusinessDesk
Aug. 22 (BusinessDesk) - A strong generation rebound in the June quarter and improved retail earnings here, in Australia and in the UK, saw Meridian Energy report a modest rise in full-year earnings. More >>
Cavalier turns profit in 2018, sees continuing improvement
Wednesday, 22 August 2018, 1:19 pm | BusinessDesk
Aug. 22 (BusinessDesk) - Carpet-maker Cavalier Corp turned to an annual profit and improved its debt and cash balances as it benefits from the previous year's restructuring. More >>
Spark annual profit falls 7.9% as Quantum costs kick in
Wednesday, 22 August 2018, 12:58 pm | BusinessDesk
Aug. 22 (BusinessDesk) - Spark New Zealand posted a 7.9 percent decline in annual profit as the country's biggest telecommunications company booked restructuring costs as it chases the mantle of being the lowest cost operator. More >>
Fletcher Building expects to resume dividends in FY119
Wednesday, 22 August 2018, 12:46 pm | BusinessDesk
Aug. 22 (BusinessDesk) - Fletcher Building reported a full year loss but expects to resume paying dividends this year after overhauling the business in the wake of steep losses in its Building + Interiors unit. More >>
TradeMe delivers 22cps special dividend
Wednesday, 22 August 2018, 12:21 pm | BusinessDesk
Aug. 22 (BusinessDesk) - TradeMe Group is distributing $100 million via a 22 cents per share special dividend, as the online auction company announced it turned over more than $250 million for the first time to deliver a 3.9 percent increase in net ... More >>
FIRST CUT: Meridian lifts earnings on late hydro recovery
Wednesday, 22 August 2018, 12:11 pm | BusinessDesk
Aug. 22 (BusinessDesk) - Meridian Energy, New Zealand’s biggest power generator, today reported a slight lift in full-year earnings despite weak hydro conditions for much of the period. More >>
Spark annual profit falls 7.9% as Quantum costs kick in
Wednesday, 22 August 2018, 12:09 pm | BusinessDesk
Aug. 22 (BusinessDesk) - Spark New Zealand posted a 7.9 percent decline in annual profit as the country's biggest telecommunications company booked restructuring costs as it chases the mantle of being the lowest cost operator. More >>
A2 Milk doubles profit in 2018 on strong formula sales
Wednesday, 22 August 2018, 12:07 pm | BusinessDesk
Aug. 22 (BusinessDesk) - A2 Milk Co more than doubled its 2018 profit as it lifted its margins on increased infant formula sales. More >>
Fletcher Building's FY operating earnings within guidance
Wednesday, 22 August 2018, 11:49 am | BusinessDesk
Aug. 22 (BusinessDesk) - Fletcher Building reported a full year loss, reflecting losses at its Building + Interiors unit, but said that its operating earnings excluding those losses were within guidance. More >>
Comvita hones focus on biggest growth drivers
Wednesday, 22 August 2018, 11:36 am | BusinessDesk
Aug. 22 (BusinessDesk) - Comvita, New Zealand’s largest producer and marketer of honey and bee-related products, is reducing its risk and positioning itself for future growth by honing in on where it can get the most bang for its buck. More >>
NZ dollar gains as China rejects currency manipulation claim
Wednesday, 22 August 2018, 11:29 am | BusinessDesk
Aug. 22 (BusinessDesk) - The New Zealand dollar gained as Chinese authorities rejected assertions from US President Donald Trump that the world's most populous nation was manipulating its currency. More >>
Dairy product prices slide, led by butter
Wednesday, 22 August 2018, 10:38 am | BusinessDesk
Aug. 22 (BusinessDesk) - Dairy product prices declined at the Global Dairy Trade auction, as whole milk powder and butter fell amid expectations of ample supply. More >>
