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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 224]
MARKET CLOSE: NZ shares drop as A2 extends slide
Tuesday, 29 May 2018, 8:38 pm | BusinessDesk
MARKET CLOSE: NZ shares drop as A2 extends slide, F&P Healthcare drops, Synlait, Mainfreight gain More >>
Orion Health optimistic it's on the road to recovery
Tuesday, 29 May 2018, 8:13 pm | BusinessDesk
May 29 (BusinessDesk) - Fallen sharemarket darling Orion Health Group says $40 million of cost-cutting between 2017 and 2019, plus a strong order book, might see the software developer sneak into profitability this financial year. If not, it’s likely to ... More >>
NZ dollar slips against yen on jitters over Italy
Tuesday, 29 May 2018, 8:10 pm | BusinessDesk
May 29 (BusinessDesk) - The New Zealand dollar fell against the yen as investors take risk off the table due to ongoing political turmoil in Italy, in particular, concerns about what a new round of Italian elections might bring. More >>
HNZ dusts off bond-sale mechanism to reduce debt
Tuesday, 29 May 2018, 5:25 pm | BusinessDesk
Housing NZ dusts off bond-sale mechanism that will keep $2.9B of housing debt out of obegal More >>
ASX-listed Integral Diagnostics makes NZ foray with buy up
Tuesday, 29 May 2018, 4:59 pm | BusinessDesk
May 29 (BusinessDesk) - ASX-listed Integral Diagnostics has secured a New Zealand beachhead, spending $105 million in cash and scrip for four Auckland radiology clinics. More >>
Pacific Edge shares drop 9.4% on slow sales progress
Tuesday, 29 May 2018, 4:56 pm | BusinessDesk
Pacific Edge shares drop 9.4% as slow sales progress bring cash burn in focus More >>
Steel & Tube won't pay final dividend, may need equity raise
Tuesday, 29 May 2018, 4:14 pm | BusinessDesk
May 29 (BusinessDesk) - Steel & Tube Holdings is unlikely to pay a final dividend this financial year and may have to raise equity as its earnings and debt come under pressure, according to research house Craigs Investment Partners. More >>
Bounty Fresh launches Tegel takeover
Tuesday, 29 May 2018, 2:57 pm | BusinessDesk
May 29 (BusinessDesk) - Philippines-based poultry group Bounty Fresh Foods has sent the offer document for its $437.8 million takeover bid for NZX-listed Tegel Group to all shareholders and said the minimum acceptance condition will be satisfied. More >>
NPT profit unchanged, new manager lines up acquisitions
Tuesday, 29 May 2018, 2:37 pm | BusinessDesk
May 29 (BusinessDesk) - NPT reported flat annual earnings in a year where the listed property investor was wooed by rivals for its management contract and ultimately won by cornerstone shareholder Augusta Capital, which plans to expand NPT's small ... More >>
Watson's Cullen Group accepts IRD appeal
Tuesday, 29 May 2018, 2:18 pm | BusinessDesk
May 29 (BusinessDesk) - Inland Revenue and Eric Watson's Cullen Group have settled one pre-trial dispute ahead of a tax avoidance trial in Auckland later this year. More >>
Govt creates taskforce to recommend changes to Holidays Act
Tuesday, 29 May 2018, 2:05 pm | BusinessDesk
May 29 (BusinessDesk) - Workplace Relations and Safety Minister Iain Lees-Galloway has announced a new taskforce to recommend changes to the Holidays Act 2003 in a bid to unravel the legislation's complexity to cope with a fast-changing labour market. More >>
Turners posts 33% gain in FY profit
Tuesday, 29 May 2018, 2:04 pm | BusinessDesk
Turners posts 33% gain in FY profit, says 2019 pretax earnings may rise as much as 16% More >>
Arvida lifts annual profit 7%, shares rise to 10-month high
Tuesday, 29 May 2018, 1:35 pm | BusinessDesk
May 29 (BusinessDesk) - Arvida Group, the retirement village company that listed in 2014, increased annual profit 7 percent after expanding its business and lifting margins. Its shares hit a 10-month high. More >>
Tower set to raise premiums on 1st Half loss
Tuesday, 29 May 2018, 1:32 pm | BusinessDesk
Tower set to raise premiums as wild weather, Peak Re deal drive wider 1H loss More >>
Pacific Edge narrows FY loss by 13% on 7% lift in revenue
Tuesday, 29 May 2018, 12:58 pm | BusinessDesk
May 29 (BusinessDesk) - Pacific Edge narrowed its full-year loss by 13 percent on improving revenue as more urologists and healthcare organizations adopt its Cxbladder cancer diagnostics tests. More >>
AWF annual profit drops 14% on weak construction recruiting
Tuesday, 29 May 2018, 12:56 pm | BusinessDesk
May 29 (BusinessDesk) - AWF Madison Group, the country's biggest contract labour firm, reported a 14 percent fall in annual profit, even as revenue rose as its white-collar recruiting business countered weakness from construction recruitment. More >>
Milk NZ Holding surprised by Fonterra’s $7 payout for 2019
Tuesday, 29 May 2018, 12:53 pm | BusinessDesk
Milk NZ Holding surprised by Fonterra’s $7 payout for 2019 given outlook for global demand More >>
Mainfreight FY profit rises 6.3% on record NZ trading
Tuesday, 29 May 2018, 12:27 pm | BusinessDesk
Mainfreight FY profit rises 6.3% on record NZ trading, growth in Australia; team gets bigger bonuses More >>
NZD gains vs euro as Italy struggles to form government
Tuesday, 29 May 2018, 11:42 am | BusinessDesk
NZ dollar gains vs euro as Italy struggles to form government, US holiday keeps trading subdued More >>
While you were sleeping: Italian turmoil hits euro, stocks
Tuesday, 29 May 2018, 9:41 am | BusinessDesk
May 29 (BusinessDesk) - European stocks and the euro moved lower amid concern new elections in Italy might spark fresh debate about a break-up of the region’s single currency, while oil extended its slide amid signs OPEC and its partners are planning ... More >>
