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Independent, Trustworthy New Zealand Business News
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BusinessDesk - Latest News [Page 225]
Mykco shell to acquire Corporate Holdings for $6.1M
Monday, 28 May 2018, 9:43 pm | BusinessDesk
Mykco shell to acquire Corporate Holdings for $6.1M of shares in backdoor listing for General Finance, IRG More >>
Spark in talks with GCSB over expansion of Cortex
Monday, 28 May 2018, 9:41 pm | BusinessDesk
May 28 (BusinessDesk) - Spark New Zealand is in talks with the Government Communications Security Bureau over potentially expanding the outward-facing intelligence agency's Cortex malware disruption defence to the country's biggest retail service provider. More >>
UPDATE: Government opts for $886M 'phased eradication'
Monday, 28 May 2018, 9:40 pm | BusinessDesk
UPDATE: Government opts for $886M 'phased eradication' of Mycoplasma bovis (Updates to add comment from PM, Agriculture Minister throughout) More >>
MARKET CLOSE: NZ shares edge up; Spark, Arvida gain
Monday, 28 May 2018, 9:33 pm | BusinessDesk
May 28 (BusinessDesk) - New Zealand shares edged higher, led by Spark New Zealand and Arvida Group, while Scales Corp and Fisher & Paykel Healthcare weakened. More >>
NZ dollar gains as global political uncertainty weighs
Monday, 28 May 2018, 9:32 pm | BusinessDesk
May 28 (BusinessDesk) - The New Zealand dollar rose amid heightened geopolitical uncertainty with the prospect of Spain and Italy going back to the polls, continuing trade talks between the US and China, and an unclear outcome on whether the US will ... More >>
Scales shares sink 6.2% as managing director trims stake
Monday, 28 May 2018, 9:31 pm | BusinessDesk
May 28 (BusinessDesk) - Scales Corp shares dropped 6.2 percent as managing director Andy Borland halved his stake in the NZX-listed agribusiness with the shares trading near a record high. More >>
Govt opts for $886M 'phased eradication' of Mycoplasma bovis
Monday, 28 May 2018, 9:29 pm | BusinessDesk
May 28 (BusinessDesk) - The government will try to eradicate the Mycoplasma bovis cattle disease that was first detected nearly a year ago to protect the national herd and the long-term productivity of the farming sector. More >>
Why are government agencies using Instagram
Monday, 28 May 2018, 9:27 pm | BusinessDesk
May 28 (BusinessDesk) - Instagram - which began as a simple photo-sharing app and was bought by Facebook in 2012 - has become an advertising behemoth. With more than 800 million users worldwide, it's hardly surprising to find Instagram "influencers" ... More >>
NZ banking minnows Coop Bank, SBS play up parochialism
Monday, 28 May 2018, 5:11 pm | BusinessDesk
May 28 (BusinessDesk) - Cooperative Bank took a crack at its larger Australian rivals shipping profits across the Tasman while reporting flat annual earnings and an unchanged rebate for its customer-owners, while fellow minnow SBS Bank also talked up its local ... More >>
Evolve hires new CEO as Porse impairments push it
Monday, 28 May 2018, 4:17 pm | BusinessDesk
May 28 (BusinessDesk) - Evolve Education Group sank into the red as it booked previously signalled impairment charges to its Porse in-home childcare unit, having twice downgraded guidance. The Auckland-based early childhood education group also appointed a new ... More >>
Rubicon says FY earnings beat guidance as ArborGen exits R&D
Monday, 28 May 2018, 4:16 pm | BusinessDesk
May 28 (BusinessDesk) - NZX-listed forestry investor Rubicon says it beat its target of doubling annual earnings as its ArborGen unit shifts into full commercialisation, posting a muddle of numbers including a new balance date and pared back business ... More >>
UPDATE: F&P Healthcare posts 12% rise in 2018 profit
Monday, 28 May 2018, 3:05 pm | BusinessDesk
UPDATE: F&P Healthcare posts 12% rise in 2018 profit, forecasts record profit for 2019 More >>
Goodman profit drops as trust repositions
Monday, 28 May 2018, 1:41 pm | BusinessDesk
Goodman profit drops as trust repositions to Auckland industrial property, anticipating growth from online shopping More >>
First NZ Capital grows dark on Fonterra
Monday, 28 May 2018, 1:28 pm | BusinessDesk
May 28 (BusinessDesk) - First NZ Capital has cut its rating on Fonterra Shareholders' Fund units as the dairy cooperative's seeming inability to convert capital investment into earnings growth and poor track record in adding value raises questions over ... More >>
Investore annual earnings rise 16%
Monday, 28 May 2018, 1:05 pm | BusinessDesk
May 28 (BusinessDesk) - Investore Property, the large-format retail landlord spun out of Stride Property, boosted annual earnings 16 percent as the acquisition of three Bunnings stores added to rental income and reduced its reliance on Countdown ... More >>
F&P Healthcare posts 12% rise in 2018 profit
Monday, 28 May 2018, 1:04 pm | BusinessDesk
F&P Healthcare posts 12% rise in 2018 profit, forecasts record profit for 2019 By Tina Morrison More >>
NZ dollar steady vs euro as Italy coalition talks falter
Monday, 28 May 2018, 11:43 am | BusinessDesk
May 28 (BusinessDesk) - The New Zealand dollar was little changed against the euro after talks broke down on forming a new government in Italy and held steady against the greenback as oil led a decline in commodity prices on Friday. More >>
World Week Ahead: US jobs, inflation in focus
Monday, 28 May 2018, 11:40 am | BusinessDesk
May 28 (BusinessDesk) - The latest US jobs data and trade talks between the US and China will form a key focus this week as investors are gearing up for a widely expected Federal Reserve interest rate hike next month. More >>
MARKET CLOSE: NZ shares up as Comvita, A2 rebound
Friday, 25 May 2018, 8:34 pm | BusinessDesk
MARKET CLOSE: NZ shares up as Comvita, A2 rebound from weakness, Steel & Tube keeps dropping More >>
NZ Meat Board chases higher returns from $70M of funds
Friday, 25 May 2018, 8:33 pm | BusinessDesk
NZ Meat Board chases higher returns from $70M of funds now held in term deposits More >>
