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BusinessDesk - Latest News [Page 282]

MARKET CLOSE: NZ shares down: Kathmandu, Contact drop

Monday, 12 February 2018, 8:34 pm | BusinessDesk

Feb. 12 (BusinessDesk) - New Zealand shares dropped, led by Kathmandu Holdings and Fisher & Paykel Healthcare, while NZX gained. More >>

NZ dollar lifts as volatility subsidies

Monday, 12 February 2018, 8:32 pm | BusinessDesk

Feb. 12 (BusinessDesk) - The New Zealand dollar gained with Asian equity markets as last week's volatility subsided and after upbeat domestic consumer spending data. More >>

QEX Logistics to list on NXT Market on Feb. 15

Monday, 12 February 2018, 7:13 pm | BusinessDesk

Feb. 12 (BusinessDesk) - QEX Logistics, a cross-border logistics company, will debut on the NXT market on Feb. 15, aims to eventually list on the NZX and continues to eye expansion in Australia. More >>

Kim Dotcom's extradition case opens in the Court of Appeal

Monday, 12 February 2018, 3:57 pm | BusinessDesk

Feb. 12 (BusinessDesk) - Internet entrepreneur Kim Dotcom's extradition case reached the Court of Appeal this morning, as Dotcom and his three co-accused continue to fight attempts to remove them to the United States. More >>

NZ 'housing market crisis' more entrenched

Monday, 12 February 2018, 3:49 pm | BusinessDesk

Feb. 12 (BusinessDesk) - New Zealand's housing crisis is "deeper and more entrenched" and an inadequate supply of new houses means both the cost of homeownership and renting is increasingly unaffordable, according to a government-commissioned report. More >>

Suspended CBL warns capital raising will take weeks

Monday, 12 February 2018, 3:27 pm | BusinessDesk

Feb. 12 (BusinessDesk) - Insurer CBL Corp says it hasn't worked out how much capital it needs to raise to satisfy regulatory solvency concerns and may take "a number of weeks" to finalise any transaction. More >>

JB Hi-Fi's exit all but wipes out first-half NZ earnings

Monday, 12 February 2018, 3:14 pm | BusinessDesk

Feb. 12 (BusinessDesk) - JB Hi-Fi's rejigged strategy for its New Zealand business all but wiped out first-half earnings on this side of the Tasman as the discount consumer electronics chain shut one store and quit selling whiteware goods. More >>

NZ retail card spending starts 2018 year with a bang

Monday, 12 February 2018, 2:51 pm | BusinessDesk

Feb. 12 (BusinessDesk) - New Zealand retail spending on electronic cards gained in January for a fifth straight month, as consumers spent more on eating out, hardware, furniture and appliances. More >>

Property For Industry annual profit more than halves

Monday, 12 February 2018, 1:10 pm | BusinessDesk

Feb. 12 (BusinessDesk) - Property For Industry annual profit more than halved as the listed industrial property investor bore the cost of buying out its management contract and reaped a smaller fair value gain on investment properties. More >>

UPDATE: Contact first-half earnings fall 11%

Monday, 12 February 2018, 12:42 pm | BusinessDesk

Feb. 12 (BusinessDesk) - Contact Energy's first-half earnings fell 11 percent as the electricity generator-retailer faced a dry spell which sapped its hydro generation in what it described as a "highly competitive" market. More >>

Contact first-half earnings fall 11%

Monday, 12 February 2018, 12:03 pm | BusinessDesk

Feb. 12 (BusinessDesk) - Contact Energy's first-half earnings fell 11 percent as the electricity generator-retailer dealt with a dry spell which sapped its hydro generation in what it described as a "highly competitive" market. More >>

Local stock market delivers cheaper capital

Monday, 12 February 2018, 12:02 pm | BusinessDesk

Feb. 12 (BusinessDesk) - NZX's role in keeping the cost of capital relatively low gives a $2.4 billion kicker to the broader economy, the New Zealand Institute of Economic Research says. More >>

Fletcher extends trading halt until Wednesday

Monday, 12 February 2018, 11:59 am | BusinessDesk

Feb. 12 (BusinessDesk) - Fletcher Building, which had planned to reveal bigger losses at its building and interiors (B+I) unit today, has extended its trading halt until Wednesday saying it has yet to complete a review of key projects and has begun talks ... More >>

NZ dollar little changed after gaining on Friday

Monday, 12 February 2018, 11:35 am | BusinessDesk

Feb. 12 (BusinessDesk) - The New Zealand dollar was little changed, holding onto the gains it made on a volatile Friday in New York but potentially retreating as investors' risk appetite wanes. More >>

World Week Ahead: US consumer prices on radar

Monday, 12 February 2018, 11:15 am | BusinessDesk

Feb 12 (BusinessDesk) - Following a week dictated by vertigo-inducing volatility on equity markets amid the spectre of rising interest rates, investors will scrutinise the latest report on US consumer prices. More >>

RESEND: LIC proposes share restructure

Friday, 9 February 2018, 9:01 pm | BusinessDesk

Feb. 9 (BusinessDesk) - Farmer-owned cooperative Livestock Improvement Corp's board has released its suggested plan to merge its two share classes in a proposal the independent adviser described as relatively complicated but overall will deliver ... More >>