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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 278]
New mānuka definition boosts sampling demand for Analytica
Monday, 19 February 2018, 5:17 pm | BusinessDesk
Feb. 19 (BusinessDesk) - ASX-listed HRL Holdings says the new regulatory regime defining mānuka honey has stoked short-term demand for its recently acquired Analytica Laboratories division. More >>
Freightways says new medical waste unit got $1M of sales
Monday, 19 February 2018, 4:39 pm | BusinessDesk
Freightways' Troughear says new medical waste unit got $1M of sales in first 4 months More >>
Invocare NZ annual earnings lift 12% on higher death rate
Monday, 19 February 2018, 3:59 pm | BusinessDesk
Feb. 19 (BusinessDesk) - Invocare, the largest private funeral, cemetery and cremation operator in the Asia Pacific region, boosted its New Zealand earnings by 12 percent last year, assisted by a rising death rate and fatter profit margins. More >>
Nib's NZ earnings rise 20% on smaller claims bill
Monday, 19 February 2018, 3:57 pm | BusinessDesk
Feb. 19 (BusinessDesk) - Nib Holdings' New Zealand unit boosted first-half profit as the health insurer paid out fewer claims than a year earlier and had a smaller premium payback bill on its product which reimburses policyholders the difference ... More >>
NZ services activity falls in January
Monday, 19 February 2018, 2:06 pm | BusinessDesk
Feb. 19 (BusinessDesk) - New Zealand's services sector activity, which accounts for about two-thirds of the economy, dipped in January, with employment falling amid expectations immigration will keep available labour levels high. More >>
Z chases cheaper processing in new refinery deal
Monday, 19 February 2018, 1:49 pm | BusinessDesk
Feb. 19 (BusinessDesk) - Z Energy says it wants to cut supply chain costs with a new refinery optimisation and procurement deal with New Zealand Refining and Mobil New Zealand, replacing an existing arrangement with BP. More >>
Freightways first-half sales rise 7%, profit dips
Monday, 19 February 2018, 1:47 pm | BusinessDesk
Feb. 19 (BusinessDesk) - Freightways reported a gain in first-half revenue although profit fell on the impact of a year-earlier one-time gain and a narrower earnings margin at its express package and business mail division. More >>
UPDATE: Evolve shares fall 20% after profit warning
Monday, 19 February 2018, 1:46 pm | BusinessDesk
Feb. 19 (BusinessDesk) - Evolve Education shares fell 20 percent to 60 cents after the early childhood education group gave its second full-year profit warning and said it is likely to write down goodwill on acquisitions and cut its dividend. More >>
Goodman Property offers to sell up to $100M of bonds
Monday, 19 February 2018, 12:51 pm | BusinessDesk
Feb. 19 (BusinessDesk) - Goodman Property Trust, the NZX-listed commercial and industrial property investor, is offering to sell as much as $100 million of bonds to further diversify its funding sources and reduce bank debt. More >>
NZX boosts 2017 profit 62%
Monday, 19 February 2018, 12:39 pm | BusinessDesk
Feb. 19 (BusinessDesk) - NZX boosted annual profit 62 percent, cutting costs by trimming down its agri publishing unit and refocusing on its core markets business which relied on a glut of new debt listings to offset the lack of new equity initial ... More >>
Evolve cuts guidance for earnings, dividend
Monday, 19 February 2018, 12:37 pm | BusinessDesk
Feb. 19 (BusinessDesk) - Evolve Education, which replaced its chief executive after a profit warning last August, gave its second full-year profit warning after failing to meet its target for net new enrolments and said it is likely to write down goodwill ... More >>
NZ dollar retreats on stronger US data
Monday, 19 February 2018, 11:48 am | BusinessDesk
Feb. 19 (BusinessDesk) - The New Zealand dollar fell, after failing to break through levels it hasn't topped since August last year, on stronger US economic data and concerns the US may provoke a trade war with its biggest trading partners. More >>
World Week Ahead: Fed, ECB in focus
Monday, 19 February 2018, 11:20 am | BusinessDesk
Feb. 19 (BusinessDesk) - Investors will pore over minutes from the latest Federal Open Market Committee meeting and a slew of speeches by US central bank policy makers this week to gauge if signs of accelerating inflation will prompt a speedier path ... More >>
MARKET CLOSE: NZ shares up, Tourism Holdings hits record
Friday, 16 February 2018, 8:39 pm | BusinessDesk
MARKET CLOSE: NZ shares up, Tourism Holdings hits record with Auckland Airport, Fletcher Building gaining By Sophie Boot More >>
NZ dollar set for 2.3% weekly gain
Friday, 16 February 2018, 8:18 pm | BusinessDesk
Feb. 16 (BusinessDesk) - The kiwi is heading for a 2.3 percent weekly gain as investors continued to overlook signs of emerging inflation in the US and instead focused on improving risk appetite. More >>
Business Bakery to accept Trilogy offer
Friday, 16 February 2018, 7:44 pm | BusinessDesk
Business Bakery to accept Trilogy offer after adviser's report gives tick to Citic bid More >>
Renaissance Brewing sold for $620k, leaving shortfall
Friday, 16 February 2018, 7:16 pm | BusinessDesk
Feb. 16 (BusinessDesk) - Renaissance Brewing's creditors face a $611,000 shortfall after the craft beer maker was sold for $620,000 following a slump in sales and an "ill-fated" distribution agreement that pushed it into administration. More >>
Mercer first-half loss narrows as revenue more than doubles
Friday, 16 February 2018, 7:14 pm | BusinessDesk
Feb. 16 (BusinessDesk) - Mercer Group narrowed its first-half loss after more doubling revenue, but says its performance was still not where it needed to be with disappointing earnings in its robotic bulk foods handling division. More >>
UPDATE: Auckland Airport says equity raising still possible
Friday, 16 February 2018, 7:13 pm | BusinessDesk
UPDATE: Auckland Airport's Littlewood says equity raising still possible as 1H profit rises 17% More >>
High Court rules Crown Minerals Act has primacy
Friday, 16 February 2018, 3:47 pm | BusinessDesk
Feb. 16 (BusinessDesk) - The High Court has ruled that the Crown Minerals Act has primacy over the Reserve Act in an application to mine coal on reserve land in Buller. More >>
