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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 279]
NZ manufacturing activity lifts in January
Friday, 16 February 2018, 1:56 pm | BusinessDesk
Feb. 16 (BusinessDesk) - New Zealand's manufacturing activity lifted in January although fewer positive comments from businesses point to ongoing caution. More >>
Tourism Holdings forms US$94M JV with Thor Industries
Friday, 16 February 2018, 1:20 pm | BusinessDesk
Feb. 16 (BusinessDesk) - Tourism Holdings, the world's largest recreational vehicle rental business, has formed a joint venture with Thor Industries, the world's largest manufacturer of the vehicles, to develop a single platform to connect a wide range ... More >>
Auckland Airport lifts first-half profit by 17%
Friday, 16 February 2018, 1:15 pm | BusinessDesk
Feb. 16 (BusinessDesk) - Auckland International Airport, New Zealand's busiest gateway, posted a 17 percent gain in first-half profit and said its strong performance gave it the confidence to tighten the range of its full-year guidance for underlying earnings. More >>
Hallenstein Glasson says first-half profit rose about 63%
Friday, 16 February 2018, 12:00 pm | BusinessDesk
Feb. 16 (BusinessDesk) - Hallenstein Glasson Holdings says first-half profit rose about 63 percent on a strong rise in sales and improving gross margin. More >>
NZ dollar gains - evidence of emerging US inflation
Friday, 16 February 2018, 12:00 pm | BusinessDesk
Feb. 16 (BusinessDesk) - The New Zealand dollar rose, briefly climbing above 74 US cents, as signs of emerging inflation pressures in the US failed to halt the greenback's slide to a 15-month low vs the yen. More >>
Suncorp in no rush to ditch Tower stake
Friday, 16 February 2018, 11:54 am | BusinessDesk
Feb. 16 (BusinessDesk) - Suncorp New Zealand doesn't see itself as a long-term shareholder in rival Tower after its $236 million takeover was rejected by the Commerce Commission but isn't interested in a fire sale. More >>
While you were sleeping: Wall St gains on solid earnings
Friday, 16 February 2018, 11:00 am | BusinessDesk
Feb. 16 (BusinessDesk) - Wall Street climbed as investors focused on upbeat corporate earnings such as from Cisco Systems. More >>
MARKET CLOSE: NZ shares rise, led by Sanford, Metro Glass
Thursday, 15 February 2018, 8:34 pm | BusinessDesk
Feb. 15 (BusinessDesk) - New Zealand shares rose, led higher by Sanford and Metro Performance Glass, with Fletcher Building extending its slide after yesterday's selloff. More >>
NZ dollar little changed as recovery in risk appetite weighs
Thursday, 15 February 2018, 8:33 pm | BusinessDesk
Feb. 15 (BusinessDesk) - The New Zealand dollar was little changed against the US dollar as markets shrugged off the stronger-than-expected inflation data in the US and a recovery in risk sentiment weighed on the greenback. More >>
Fletcher reiterated 'outperform' by First NZ
Thursday, 15 February 2018, 7:25 pm | BusinessDesk
Feb. 15 (BusinessDesk) - Fletcher Building has been reiterated as 'outperform' by First NZ Capital as the stock sank to a new two-year low in the wake of the company's revelations of wider construction losses. More >>
Cavalier boosts first-half profit from restructuring
Thursday, 15 February 2018, 7:24 pm | BusinessDesk
Feb. 15 (BusinessDesk) - Carpet maker Cavalier Corp reported an improved first-half net profit on better margins, after restructuring the business to reduce costs and introduce a more efficient manufacturing system. More >>
CORRECT: QEX shares jump 80% on debut
Thursday, 15 February 2018, 6:47 pm | BusinessDesk
(Fixes incorrect listing price in 2nd paragraph and percentage gain in headline, lede; updates current price in 2nd paragraph) More >>
Faafoi revives plan to impose criminal sanctions on cartels
Thursday, 15 February 2018, 6:37 pm | BusinessDesk
Feb. 15 (BusinessDesk) - Commerce and Consumer Affairs Minister Kris Faafoi today tabled legislation reviving plans that would criminalise cartels, attaching harsher penalties including the threat of jail. More >>
CBL chief operating officer quits amidst share suspension
Thursday, 15 February 2018, 6:35 pm | BusinessDesk
Feb. 15 (BusinessDesk) - CBL Corp's chief operating officer Suzanne Tindal has quit the company, as the company's stock remains suspended from the NZX over continuous disclosure concerns. More >>
NZ King Salmon to keep lobbying govt over Marlborough farms
Thursday, 15 February 2018, 5:22 pm | BusinessDesk
Feb. 15 (BusinessDesk) - New Zealand King Salmon says it will continue to push for more salmon farms in the Marlborough Sounds to be moved, following a report by an independent panel recommending to the government that three of the six farms be relocated. More >>
IPH focuses on fattening margins at newly acquired AJ Park
Thursday, 15 February 2018, 4:39 pm | BusinessDesk
Feb. 15 (BusinessDesk) - ASX-listed IPH wants to widen margins at recently acquired AJ Park, New Zealand's leading patent attorney firm, which contributed A$9 million in its first two months under new ownership. More >>
NZ farmer confidence tumbles in January
Thursday, 15 February 2018, 4:18 pm | BusinessDesk
Feb. 15 (BusinessDesk) - New Zealand farmer confidence tumbled in January as a drought and uncertainty over new government policies take their toll. More >>
QEX shares jump 29% on debut as logistics firm joins NXT
Thursday, 15 February 2018, 3:42 pm | BusinessDesk
Feb. 15 (BusinessDesk) - QEX Logistics shares jumped 29 percent on their debut to the small-cap NXT market in the first new listing of 2018. More >>
Suncorp 1st Half profit up 81% on lack of quake claims
Thursday, 15 February 2018, 3:09 pm | BusinessDesk
Feb. 15 (BusinessDesk) - Suncorp Group's New Zealand insurance division lifted first-half profit 81 percent as the Australian owner of Vero Insurance faced fewer claims in a period when there were no major earthquakes. More >>
ComCom pushing for market studies powers despite opposition
Thursday, 15 February 2018, 2:43 pm | BusinessDesk
Feb. 15 (BusinessDesk) - The Commerce Commission says its market studies powers are a "live issue" of discussion with the government, and would expect that New Zealand would mirror Australian law when legislation is introduced. More >>
