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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 275]
Tourism Holdings doubles first-half profit
Thursday, 22 February 2018, 1:09 pm | BusinessDesk
Feb. 22 (BusinessDesk) - Tourism Holdings, the world's largest recreational vehicle rental business, doubled first-half profit as it benefited from the acquisition of US campervan rental and sales business El Monte, which performed better than expected, ... More >>
UPDATE: Air NZ posts 7.4% decline in 1H pretax profit
Thursday, 22 February 2018, 1:08 pm | BusinessDesk
UPDATE: Air NZ posts 7.4% decline in 1H pretax profit as fuel prices bite More >>
Michael Hill first-half profit tumbles 66%
Thursday, 22 February 2018, 12:55 pm | BusinessDesk
Feb. 22 (BusinessDesk) - Michael Hill International posted a 66 percent drop in first-half profit, mainly reflecting A$19.8 million of provisions to reposition its Emma & Roe chain and to recognise costs of exiting the US market. More >>
NZME maintains final dividend
Thursday, 22 February 2018, 12:54 pm | BusinessDesk
Feb. 22 (BusinessDesk) - NZME maintained its final dividend payment against expectations of a cut after posting a 2 percent drop in annual earnings as the newspaper publisher and radio station owner slowed the decline in its print advertising and kept a lid ... More >>
Air NZ posts 7.4% decline in 1H pretax profit
Thursday, 22 February 2018, 12:03 pm | BusinessDesk
Feb. 22 (BusinessDesk) - Air New Zealand posted a 7.4 percent fall in first-half pretax profit as rising fuel prices offset record high passenger revenue. More >>
NZ dollar gains vs greenback on Fed's 'gradual hikes' view
Thursday, 22 February 2018, 11:51 am | BusinessDesk
Feb. 22 (BusinessDesk) - The New Zealand dollar rose against the greenback after the Federal Reserve minutes showed policymakers still favour gradual rate hikes. It rose to a six-month high versus the Aussie after weaker economic data across the ... More >>
While you were sleeping: Amazon, tech stocks lift Wall St
Thursday, 22 February 2018, 10:43 am | BusinessDesk
Feb. 22 (BusinessDesk) - Wall Street climbed, bolstered by gains in shares of Amazon and other tech shares, as investors eyed the latest clues on the pace of Federal Reserve interest rate increases. More >>
MARKET CLOSE: NZ shares up on A2's 27% surge
Wednesday, 21 February 2018, 8:35 pm | BusinessDesk
MARKET CLOSE: NZ shares up on A2's 27% surge; Synlait, Fletcher, Spark drop By Sophie Boot More >>
Australian think tank urges closer trans-Tasman defence ties
Wednesday, 21 February 2018, 8:33 pm | BusinessDesk
Feb. 21 (BusinessDesk) - An Australian think-tank is urging closer trans-Tasman defence ties to nurture a relationship that's been static for three decades in an effort to bridge diverging views on the rising regional influence of China. More >>
Extended Tekapo hydro outage a 'crying shame'
Wednesday, 21 February 2018, 8:32 pm | BusinessDesk
Feb. 21 (BusinessDesk) - Genesis Energy has been forced to extend its outage at the Tekapo-B hydro power station until June, cutting off a supply of water that would otherwise run through three of Meridian Energy's hydro power stations on the multi-station ... More >>
NZ dollar gains against Aussie
Wednesday, 21 February 2018, 8:31 pm | BusinessDesk
Feb. 21 (BusinessDesk) - The New Zealand dollar gained against the Aussie after a weak construction survey across the Tasman offset stronger-than-expected Australian wages growth. The local currency continued to lose ground against the greenback. More >>
Revised TPP signatories organise their out-clauses
Wednesday, 21 February 2018, 7:42 pm | BusinessDesk
Feb. 21 (BusinessDesk) - The New Zealand government is in negotiations with other signatories to the 11-nation Comprehensive and Progressive Trans-Pacific Partnership Agreement over an unknown number of so-called 'side letters' that effectively remove ... More >>
NZ Super Fund divests carbon investments over 'undue risk'
Wednesday, 21 February 2018, 6:30 pm | BusinessDesk
Feb. 21 (BusinessDesk) - The New Zealand Superannuation Fund has been divesting investments with carbon exposure as it believes the emission is currently underpriced and represents a risk for the future. More >>
Spencer defends RBNZ's retail banking supervision
Wednesday, 21 February 2018, 6:29 pm | BusinessDesk
Feb. 21 (BusinessDesk) - Acting Reserve Bank Governor Grant Spencer, who will leave the role next month to be replaced by Adrian Orr, defended the central bank's approach to supervision of the retail banking sector, though noted the government could seek ... More >>
Fletcher shares hit lowest in more than 5-years
Wednesday, 21 February 2018, 6:28 pm | BusinessDesk
Fletcher shares hit lowest in more than 5-years as firm reveals soggy outlook behind B+I carnage More >>
A2 shares soar 25%, making it NZ's biggest listed company
Wednesday, 21 February 2018, 6:27 pm | BusinessDesk
Feb. 21 (BusinessDesk) - A2 Milk Co shares jumped 25 percent, making the milk marketing firm New Zealand's biggest listed company on a deal that will give it backing from Fonterra Cooperative Group. More >>
Ebos looking at raft of acquisitions
Wednesday, 21 February 2018, 6:26 pm | BusinessDesk
Feb. 21 (BusinessDesk) - Ebos Group continues to look at a raft of possible acquisitions within the healthcare and animal care markets and aims to build its export momentum into Asia, says chief executive Patrick Davies More >>
Spark sees more upside to unlimited mobile data plans
Wednesday, 21 February 2018, 6:24 pm | BusinessDesk
Spark sees more upside as upsell to unlimited mobile data plans spur sales By Paul McBeth More >>
Scott Technology agrees to buy Alvey Group
Wednesday, 21 February 2018, 3:13 pm | BusinessDesk
Feb. 21 (BusinessDesk) - Scott Technology has agreed to buy European industrial automation specialist Alvey Group for 12.1 million euro, speeding up its expansion drive and access to international markets. More >>
Bunnings ANZ first-half earnings rise 12% on increased sales
Wednesday, 21 February 2018, 2:47 pm | BusinessDesk
Feb. 21 (BusinessDesk) - Wesfarmers' Australian and New Zealand Bunnings business lifted earnings 12 percent off the back of higher sales and wider margins in a bright spot that saw the ASX-listed conglomerate's first-half profit plunge 87 percent. More >>
