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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 276]
Fairfax starts NZ endgame
Wednesday, 21 February 2018, 2:11 pm | BusinessDesk
Feb. 21 (BusinessDesk) - Fairfax Media Group will close or sell 35 percent of its New Zealand print titles as the Australian group pursues a digital strategy for the kiwi unit, now rebranded Stuff. More >>
F&P Healthcare's long-standing CFO Tony Barclay to retire
Wednesday, 21 February 2018, 1:56 pm | BusinessDesk
Feb. 21 (BusinessDesk) - Fisher & Paykel Healthcare's long-serving chief financial officer Tony Barclay will retire from the medical device maker at the end of May. More >>
A2's shares hit record on 1H results, Fonterra deal
Wednesday, 21 February 2018, 1:21 pm | BusinessDesk
Feb. 21 (BusinessDesk) - A2 Milk shares spiked 16 percent to a record after the company announced it had more than doubled first-half profit on strong infant formula sales and has aligned itself with Fonterra Cooperative Group which will see the two companies ... More >>
UPDATE: Spark first-half profit falls 3.4%
Wednesday, 21 February 2018, 1:06 pm | BusinessDesk
UPDATE: Spark first-half profit falls 3.4% as cost of Quantum transformation offsets revenue gain More >>
UPDATE: Ebos 1H profit lifts 12% to record $76.7M
Wednesday, 21 February 2018, 1:05 pm | BusinessDesk
Feb. 21 (BusinessDesk) - Ebos Group, the pharmaceutical and animal health products maker, said its first-half profit lifted 12 percent as it reaps the benefits of a diverse portfolio and it remains positive about the full year. More >>
Fletcher posts $273 mln 1H loss on B+I
Wednesday, 21 February 2018, 12:40 pm | BusinessDesk
Feb. 21 (BusinessDesk) - Fletcher Building reported a first-half loss, reflecting losses at its Building + Interiors unit and said profit was down at its other construction businesses and in building products. More >>
A2 Milk first-half profit soars 150%
Wednesday, 21 February 2018, 12:26 pm | BusinessDesk
Feb. 21 (BusinessDesk) - A2 Milk more than doubled first-half profit on strong infant formula sales and has aligned itself with Fonterra Cooperative Group which will see the two companies partner up on a range of products. More >>
FIRST CUT: Low hydro flows cut Meridian earnings
Wednesday, 21 February 2018, 12:14 pm | BusinessDesk
Feb. 21 (BusinessDesk) - Meridian Energy, the renewables electricity generator and retailer, posted a 7 percent fall in first-half earnings as low inflows into its South Island hydro catchments reduced its electricity output. More >>
FIRST CUT: Spark first-half profit falls 3.4%
Wednesday, 21 February 2018, 11:58 am | BusinessDesk
Feb. 21 (BusinessDesk) - Spark New Zealand's first-half profit fell 3.4 percent as the country's biggest telecommunications company ramped up spending on a new transformation programme aimed at making it the nation's lowest cost operator More >>
FIRST CUT: Ebos 1H profit lifts 12% to record $76.7M
Wednesday, 21 February 2018, 11:55 am | BusinessDesk
Feb. 21 (BusinessDesk) - Ebos Group, the pharmaceutical and animal health products maker, said its first-half profit lifted 12 percent as it reaps the benefits of a diverse portfolio. More >>
NZ dollar falls against resurgent greenback
Wednesday, 21 February 2018, 11:33 am | BusinessDesk
Feb. 21 (BusinessDesk) - The New Zealand dollar fell against a resurgent greenback, which has climbed on a trade-weighted basis this week, as dairy prices declined for the first time this year and traders looked ahead to Reserve Bank governor Grant ... More >>
Regional rail funding announcement imminent
Wednesday, 21 February 2018, 11:27 am | BusinessDesk
Feb. 21 (BusinessDesk) - Extra funding to bring the Napier-Wairoa railway line back into full-time service appears imminent, given signals yesterday from KiwiRail chief executive Peter Reidy and the announcement on Friday of the first projects to get ... More >>
Heartland keen to beef up profitable reverse mortgage book
Wednesday, 21 February 2018, 11:09 am | BusinessDesk
Feb. 21 (BusinessDesk) - Heartland Bank says it would be happy to grow the size of its $1 billion reverse mortgage loan book after the business delivered "strong" earnings, especially in Australia. More >>
While you were sleeping: Slump in Walmart weighs on Dow
Wednesday, 21 February 2018, 11:07 am | BusinessDesk
Feb. 21 (BusinessDesk) - Wall Street was mixed, as a slide in Walmart shares weighed on the Dow, while US Treasuries slid amid this week’s flood of government debt auctions. More >>
Dairy product prices slip for the first time this year
Wednesday, 21 February 2018, 10:13 am | BusinessDesk
Feb. 21 (BusinessDesk) - Dairy product prices declined at the Global Dairy Trade auction, sliding for the first time this year after three consecutive increases. More >>
MARKET CLOSE: NZ shares fall as raft of earnings loom
Tuesday, 20 February 2018, 8:32 pm | BusinessDesk
MARKET CLOSE: NZ shares fall as raft of earnings loom; Heartland, Fletcher drop, Sky TV, Air NZ gain More >>
NZ dollar falls vs greenback, Aussie as investors seek clues
Tuesday, 20 February 2018, 8:31 pm | BusinessDesk
Feb. 20 (BusinessDesk) - The New Zealand dollar fell against the greenback and Australian dollar as investors unpick central bank meeting minutes for clues over increasingly divergent interest rate tracks. More >>
NZ's housing-related imbalances set to peak in 2018
Tuesday, 20 February 2018, 7:33 pm | BusinessDesk
Feb. 20 (BusinessDesk) - Housing-related imbalances in New Zealand look set to peak and even begin to unwind in 2018 as headwinds abate and new government policies take shape, according to S&P Global Ratings. More >>
Bapcor's ex-Hellaby auto unit still exceeding expectations
Tuesday, 20 February 2018, 6:56 pm | BusinessDesk
Feb. 20 (BusinessDesk) - ASX-listed Bapcor is still being pleasantly surprised by the former Hellaby Holdings automotive unit, which delivered a 29 percent increase in first-half earnings. More >>
KiwiRail operating earnings rise despite Kaikoura outage
Tuesday, 20 February 2018, 6:27 pm | BusinessDesk
Feb. 20 (BusinessDesk) - Disruption to South Island rail services caused by the November 2016 Kaikoura earthquake masked a continuation in improved operating earnings from state-owned railway operator KiwiRail in the six months to Dec. 31. More >>
