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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 186]
O'Connor dials back PGP criticism after review
Tuesday, 21 August 2018, 9:00 pm | BusinessDesk
Aug. 21 (BusinessDesk) - Agriculture Minister Damien O'Connor has changed his tune on primary growth partnerships after a review into the initiative found them "a worthwhile public investment". More >>
MARKET CLOSE: NZ shares at fresh high, Vector, A2 gain
Tuesday, 21 August 2018, 8:58 pm | BusinessDesk
Aug. 21 (BusinessDesk) - New Zealand shares inched to a fresh record ahead of tomorrow's bumper results day, led higher by Vector and A2 Milk Co. More >>
NZ dollar benefits from USD weakness after Trump complains
Tuesday, 21 August 2018, 8:57 pm | BusinessDesk
Aug. 21 (BusinessDesk) - The New Zealand dollar gained as the greenback continued to be weighed down in Asian trading by complaints US President Donald Trump made about US interest rate rises. More >>
FlexiGroup's NZ cards business outpaces credit growth
Tuesday, 21 August 2018, 7:00 pm | BusinessDesk
Aug. 21 (BusinessDesk) - FlexiGroup's New Zealand credit card unit boosted annual profit as lending growth outpaced the nation's consumer credit expansion. More >>
Tilt strategy still emerging – Mercury
Tuesday, 21 August 2018, 5:16 pm | BusinessDesk
Aug. 21 (BusinessDesk) - Mercury NZ needs to participate in wind development if it is to materially benefit from the shift to renewables, but says it’s too early to say how its investment in Australia’s Tilt Renewables will play out. More >>
Healthscope's NZ pathology shares efficiencies with DHBs
Tuesday, 21 August 2018, 4:53 pm | BusinessDesk
Aug. 21 (BusinessDesk) - Healthscope's New Zealand pathology business gave up earnings growth as it shared operating efficiencies with district health boards through the re-contracting process. More >>
Government to make new 'red zone' payment for uninsured
Tuesday, 21 August 2018, 4:38 pm | BusinessDesk
Aug. 21 (BusinessDesk) - The government put an end to years of legal battles, announcing it will pay former residential red zone owners 100 percent of the 2007/08 rateable value for uninsured homes. More >>
Port Taranaki lifts 2018 dividend on increased profit
Tuesday, 21 August 2018, 3:52 pm | BusinessDesk
Aug. 21 (BusinessDesk) - Port Taranaki lifted net profit 14 percent in the latest financial year on increased revenue, and paid a bigger dividend to its sole shareholder, the Taranaki Regional Council. More >>
NZ net migration continues slow in July
Tuesday, 21 August 2018, 2:35 pm | BusinessDesk
NZ net migration continues slow in July as long-term visitors pack up and leave More >>
Super Retail's annual earnings boosted by online sales
Tuesday, 21 August 2018, 2:34 pm | BusinessDesk
Aug. 21 (BusinessDesk) - ASX-listed Super Retail Group, which bought outlook equipment chain Macpac Holdings in March, says the acquisition boosted annual earnings as it lifted group profit on a surge in online sales. More >>
Comvita turns to FY operating profit
Tuesday, 21 August 2018, 2:31 pm | BusinessDesk
Aug. 21 (BusinessDesk) - Comvita, the worst performer on New Zealand's benchmark index this year following two poor honey harvests, turned to a full-year operating profit from a loss a year earlier and said it has a positive outlook for the current ... More >>
SeaDragon asks shareholders to pay 10% premium
Tuesday, 21 August 2018, 12:51 pm | BusinessDesk
Aug. 21 (BusinessDesk) - SeaDragon is calling on its shareholders to pay a 10 percent premium to participate in a $14.9 million pro-rata renounceable offer to help struggling fish oil manufacturer remain afloat. More >>
Mercury delivers record earnings on high inflows, production
Tuesday, 21 August 2018, 11:58 am | BusinessDesk
Aug. 21 (BusinessDesk) - Mercury NZ reported a record $561 million in operating earnings on the back of record generation and high wholesale power prices. More >>
NZ dollar drifts higher as Trump bemoans rate hikes
Tuesday, 21 August 2018, 11:50 am | BusinessDesk
Aug. 21 (BusinessDesk) - The New Zealand dollar drifted higher in quiet trading as investors latched on to reports US President Donald Trump complained of the Federal Reserve's interest rate hikes. More >>
MARKET CLOSE: NZ shares at record
Monday, 20 August 2018, 8:53 pm | BusinessDesk
MARKET CLOSE: NZ shares at record as Skycity, Fisher & Paykel Health rally By Sophie Boot More >>
NZ dollar edges lower
Monday, 20 August 2018, 8:52 pm | BusinessDesk
NZ dollar edges lower as ANZ Bank sees heightened chance for rate cut By Rebecca Howard More >>
CORRECT: Taranaki block offer timetable slips
Monday, 20 August 2018, 5:37 pm | BusinessDesk
Aug. 20 (BusinessDesk) - The timetable for offering new onshore exploration acreage appears to be slipping as the government looks at ways to protect itself from potential legal challenges. More >>
Bathurst ordered to pay L&M US$40M, plans appeal
Monday, 20 August 2018, 4:53 pm | BusinessDesk
Aug. 20 (BusinessDesk) - Bathurst Resources has been ordered to pay a US$40 million performance payment on coal production from its Buller operations. More >>
Taranaki block offer timetable slips
Monday, 20 August 2018, 4:25 pm | BusinessDesk
Aug. 20 (BusinessDesk) - The timetable for offering new onshore exploration acreage appears to be slipping as the government looks at ways to protect itself from potential legal challenges. More >>
Animates joint owner Greencross continues push into NZ
Monday, 20 August 2018, 4:04 pm | BusinessDesk
Aug. 20 (BusinessDesk) - Animates owner Greencross continued to open new instore vet clinics on this side of the Tasman, helping drive sales growth for the Australian pet care firm, albeit at skinnier margins. More >>
