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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 24]
FIRST CUT: Mercury earnings fall less than expected
Tuesday, 20 August 2019, 12:04 pm | BusinessDesk
Aug. 20 (BusinessDesk) - Mercury NZ's annual operating earnings fell 11 percent, less than forecast, as record geothermal production helped offset a dry spell in the North Island that weighed on its hydro schemes. More >>
Comvita says KPMG's audit delays reporting of annual results
Tuesday, 20 August 2019, 11:32 am | BusinessDesk
Aug. 20 (BusinessDesk) - Honey products company Comvita says it has delayed reporting its annual results to no later than Friday of this week. More >>
Nib NZ has risk and culture review on the radar
Tuesday, 20 August 2019, 11:10 am | BusinessDesk
Aug. 20 (BusinessDesk) - Australian health insurer nib Holdings will review its risk and culture in New Zealand as trans-Tasman financial services come to grips with the regulatory crackdown on the sector. More >>
NZ dollar drifts lower as greenback gains
Tuesday, 20 August 2019, 11:07 am | BusinessDesk
Aug. 20 (BusinessDesk) - The New Zealand dollar is weaker after the greenback benefited from improving risk appetite. More >>
MARKET CLOSE: NZ shares gain on tweaked earnings outlooks
Monday, 19 August 2019, 9:00 pm | BusinessDesk
Aug. 19 (BusinessDesk) - New Zealand shares snapped a six-day decline, rising ahead of a flurry of company results this week as investors adjusted their earnings expectations to the benefit of A2 Milk and detriment of Fletcher Building. More >>
NZ dollar drifts lower ahead of central bank talk-fest
Monday, 19 August 2019, 8:27 pm | BusinessDesk
Aug. 19 (BusinessDesk) - The New Zealand dollar drifted lower despite a mildly positive tone to sentiment once Asian trading kicked in. More >>
PFI cautious about new acquisitions
Monday, 19 August 2019, 5:04 pm | BusinessDesk
Aug. 19 (BusinessDesk) - Property For Industry is an interested, if cautious, buyer of industrial property in a market where rising valuations helped lift the firm's first-half profit by 57 percent. More >>
NZ Steel earnings fall on weaker prices, higher costs
Monday, 19 August 2019, 4:49 pm | BusinessDesk
Aug. 19 (BusinessDesk) - BlueScope Steel’s New Zealand business reported a 28 percent drop full-year operating earnings due to higher input costs and a drop in prices for export steel and vanadium. More >>
Spat between ihug founder and ex-wife hits High Court
Monday, 19 August 2019, 3:11 pm | BusinessDesk
Aug. 19 (BusinessDesk) - Former ihug co-founder Tim Wood is being sued by his former wife Sasha, in a High Court case involving three Queen's Counsel. More >>
Comcom loses bid to derail Harmoney appeal
Monday, 19 August 2019, 3:04 pm | BusinessDesk
Aug. 19 (BusinessDesk) - The Commerce Commission has lost a bid to thwart peer-to-peer lender Harmoney’s appeal against regulatory proceedings. More >>
NZ gaming industry outlines plan for home-grown 'Angry Birds
Monday, 19 August 2019, 3:02 pm | BusinessDesk
Aug. 19 (BusinessDesk) - The government will look "very seriously" at recommendations from the New Zealand digital gaming industry for the establishment of a new NZ Games Investment Fund and associated NZ Interactive Commission, says ... More >>
Dairy manufacturers got better prices in June quarter
Monday, 19 August 2019, 2:59 pm | BusinessDesk
Aug. 19 (BusinessDesk) - Dairy product manufacturers received higher prices in the June quarter, which helped boost New Zealand producer margins more generally. More >>
Service sector activity picks up in July
Monday, 19 August 2019, 1:36 pm | BusinessDesk
Activity in the services sector improved in July to the highest level since January and inched above the long-term average. More >>
Company results, Fed to provide clues on recession risk
Monday, 19 August 2019, 11:35 am | BusinessDesk
Aug. 19 (BusinessDesk) - Domestic listed company results will dominate the news flow in New Zealand this week and investors will be paying particular attention to outlook statements to see if chief executives see any sign of recession or whether they think ... More >>
NZ dollar range-bound as global growth jitters increase
Monday, 19 August 2019, 11:06 am | BusinessDesk
Aug. 19 (BusinessDesk) - The New Zealand dollar is sticking to a tight range as global growth concerns continue to weigh on sentiment. More >>
MARKET CLOSE: NZ shares fall as global uncertainty weighs
Friday, 16 August 2019, 8:54 pm | BusinessDesk
MARKET CLOSE: NZ shares fall as global uncertainty weighs on utilities; Sky gains on M&A More >>
NZ dollar withstands poor manufacturing data
Friday, 16 August 2019, 8:25 pm | BusinessDesk
Aug. 16 (BusinessDesk) - The New Zealand dollar is little changed after an attempt to push it down on the back of poor manufacturing data failed to keep it lower. More >>
Bublitz to serve home detention following appeal
Friday, 16 August 2019, 6:51 pm | BusinessDesk
Aug. 16 (BusinessDesk) - A partially successful appeal will see former Viaduct Capital and Mutual Finance executive Paul Bublitz leave prison for home detention after some convictions were quashed. More >>
Former G8 boss takes over management of Evolve
Friday, 16 August 2019, 4:35 pm | BusinessDesk
Aug. 16 (BusinessDesk) - Evolve Education's biggest shareholder will take over the day-to-day running of the early childcare education operator in 10 days after chief executive Roseanne Graham handed in her notice. More >>
Precinct boosts earnings, withholds $34m from Fletcher
Friday, 16 August 2019, 3:12 pm | BusinessDesk
Aug. 16 (BusinessDesk) - Precinct Properties has now withheld $34 million from Fletcher Construction for delays on Auckland’s Commercial Bay project, and says the high-end development is on track for its two-2020 opening dates. More >>
