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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 188]
MARKET CLOSE: Shares rise as Skellerup posts record profit
Thursday, 16 August 2018, 8:51 pm | BusinessDesk
Aug. 16 (BusinessDesk) - New Zealand shares rose, led higher by a record profit from Skellerup Holdings, as investors focused more on domestic earnings than volatility in global markets. Precinct Properties New Zealand also gained. More >>
NZ dollar lifts on news Chinese delegation heading to US
Thursday, 16 August 2018, 8:37 pm | BusinessDesk
NZ dollar gets lift from news Chinese delegation heading to US for trade talks By Rebecca Howard More >>
AJ Park delivers bigger than expected earnings boost
Thursday, 16 August 2018, 8:14 pm | BusinessDesk
Aug. 16 (BusinessDesk) - New Zealand intellectual property law firm AJ Park delivered bigger earnings than expected for its Australian owner after its integration into IPH went smoother than anticipated. More >>
Sumitomo Mitsui Trust increases SkyCity holding
Thursday, 16 August 2018, 7:53 pm | BusinessDesk
Aug. 16 (BusinessDesk) - Sumitomo Mitsui Trust has acquired another 7.7 million shares in casino operator SkyCity Entertainment, lifting its relevant interest in the firm to 6.2 percent. More >>
Skellerup best performing stock after annual result
Thursday, 16 August 2018, 6:35 pm | BusinessDesk
Aug. 16 (BusinessDesk) - Skellerup is the best performing stock on New Zealand's benchmark index today after the maker of 'red band' gumboots blew analysts out of the water with its annual result. More >>
Tru-Test to sell businesses to Datamars for $147.9 million
Thursday, 16 August 2018, 6:33 pm | BusinessDesk
Aug. 16 (BusinessDesk) - Tru-Test Corp will sell some of its business to Switzerland-based Datamars for $147.9 million, it said in its annual report. More >>
Downer's NZ revenue jumps 59%
Thursday, 16 August 2018, 3:34 pm | BusinessDesk
Aug. 16 (BusinessDesk) - Sales at Downer EDI's New Zealand division rose 59 percent, benefitting from last year's purchase of parts of the Hawkins Group. More >>
More ambition needed to lift productivity
Thursday, 16 August 2018, 3:31 pm | BusinessDesk
Aug. 16 (BusinessDesk) - New Zealand needs to be more ambitious if it is to improve the performance of its major centres and the contribution they make to the national economy, Housing and Development Minister Phil Twyford said today. More >>
UPDATE: Skellerup lifts annual profit 23% to a record
Thursday, 16 August 2018, 2:33 pm | BusinessDesk
Aug. 16 (BusinessDesk) - Skellerup Holdings, the rubber goods manufacturer best known throughout rural New Zealand for its iconic 'red band' gumboot, lifted annual profit to a record as both its industrial and agri divisions boosted earnings. The shares ... More >>
Precinct Properties still backs Fletcher
Thursday, 16 August 2018, 1:35 pm | BusinessDesk
Aug. 16 (BusinessDesk) - Precinct Properties New Zealand says the Commercial Bay project in downtown Auckland will be completed a little later than scheduled but is still backing contractor Fletcher Construction to complete the $1 billion development. More >>
Skellerup lifts annual profit 23%
Thursday, 16 August 2018, 12:42 pm | BusinessDesk
Aug. 16 (BusinessDesk) - Skellerup Holdings, the rubber goods manufacturer best known throughout rural New Zealand for its iconic 'red band' gumboot, lifted annual profit to a record as both its industrial and agri divisions boosted earnings. More >>
NZ dollar holds near 2 1/2 year low
Thursday, 16 August 2018, 11:51 am | BusinessDesk
Aug. 16 (BusinessDesk) - The New Zealand dollar held near a two-and-a-half year low as global investors remained nervous about risk-sensitive assets after Turkey's recent woes put the spotlight back on emerging markets. More >>
Iwi leaders spurn Parker's freshwater initiative
Wednesday, 15 August 2018, 9:24 pm | BusinessDesk
Aug. 15 (BusinessDesk) - Iwi leaders have rejected the government’s plans for a new Māori working group on fresh water management. More >>
MARKET CLOSE: NZ shares rise as earnings continue
Wednesday, 15 August 2018, 9:10 pm | BusinessDesk
Aug. 15 (BusinessDesk) - New Zealand shares rose as earnings season continued to deliver mixed results. NZX was among gainers on the day after delivering a special dividend while Heartland Bank fell on its increased bad debt provisioning. More >>
NZ dollar gains vs Aussie on tepid wage inflation data
Wednesday, 15 August 2018, 8:30 pm | BusinessDesk
NZ dollar gains vs Aussie as tepid wage inflation firms up view for flat rate track By Rebecca Howard More >>
Cooks Global Foods to buy Mojo for $19M
Wednesday, 15 August 2018, 8:09 pm | BusinessDesk
Aug. 15 (BusinessDesk) - Cooks Global Foods will buy Mojo Coffee Cartel for $19 million and support the well-known Wellington chain's US expansion plans. More >>
Fairfax slashes value of NZ business as Nine merger looms
Wednesday, 15 August 2018, 4:42 pm | BusinessDesk
Aug. 15 (BusinessDesk) - Fairfax Media Group more than halved the value of its Kiwi assets, attaching just A$40 million to mastheads that were once the core of a billion dollar investment. More >>
IAG almost doubles NZ earnings despite Fehi, Gita
Wednesday, 15 August 2018, 4:23 pm | BusinessDesk
Aug. 15 (BusinessDesk) - Insurance Australia Group's full-year earnings in New Zealand almost doubled despite cyclones earlier this year pushing natural peril claims beyond expectations for a second year running. More >>
Demand for Wellington Drive's IoT system boosts 1H sales 18%
Wednesday, 15 August 2018, 3:24 pm | BusinessDesk
Aug. 15 (BusinessDesk) - Wellington Drive Technologies lifted first-half sales by almost a fifth as its internet-of-things cooling and inventory management system attracted new customers, including its first in the dairy sector. More >>
False Feltex IPO forecast warrants second trial
Wednesday, 15 August 2018, 2:37 pm | BusinessDesk
Aug. 15 (BusinessDesk) - The Supreme Court has cleared the way for former Feltex shareholders to pursue the directors of the failed carpet maker over whether a false forecast in the prospectus left them out of pocket. More >>
