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BusinessDesk - Latest News [Page 320]

NZ services sector dips in October

Monday, 20 November 2017, 2:09 pm | BusinessDesk

Nov. 20 (BusinessDesk) - New Zealand's services sector, which accounts for about two-thirds of the economy, dipped marginally in October although activity remained robust despite political uncertainty at the time. More >>

Kiwi Property first-half profit rises 5% on rental income

Monday, 20 November 2017, 1:37 pm | BusinessDesk

Nov. 20 (BusinessDesk) - Kiwi Property Group lifted first-half profit 5 percent as the country's biggest listed property investor's rental portfolio benefited from new tenants coming on stream, even as the value of its portfolio was flat. More >>

Blis reports 1H net loss as revenues tumble

Monday, 20 November 2017, 1:22 pm | BusinessDesk

Nov. 20 (BusinessDesk) - Blis Technologies reported a net loss in the first half as trading revenue tumbled, in particular in its North American market, but is optimistic of an improvement in the second half as sales normalise. More >>

Evolve says 1H profit drop expected, maintains 2018 forecast

Monday, 20 November 2017, 1:17 pm | BusinessDesk

Nov. 20 (BusinessDesk) - Evolve Education said first-half profit more than halved as occupancy rates dropped and it took a $3 million GST impairment. The early childhood education centre operator maintained its forecasts for the full year. More >>

Bethunes shareholders to vote on Transport Investments Ltd

Monday, 20 November 2017, 1:02 pm | BusinessDesk

Nov. 20 (BusinessDesk) - Bethunes Investments shareholders will vote next month on a deal to use its NZX listing as a vehicle for freight and logistics firm Transport Investments Ltd to go public while shifting its remaining assets into a new entity. More >>

MetroGlass posts 2.6% gain in first-half profit

Monday, 20 November 2017, 12:46 pm | BusinessDesk

Nov. 20 (BusinessDesk) - Metro Performance Glass posted a 2.6 percent gain in first-half profit, in line with its guidance last month, and gave a forecast for a little changed full-year result. More >>

NZ dollar drops to 17-month low

Monday, 20 November 2017, 11:41 am | BusinessDesk

Nov. 20 (BusinessDesk) - The New Zealand dollar is trading near its lowest levels in almost 19 months after falling below 69 US cents for the first time since June 2016, while 90-day bank bills fell to a record low and swap rates declined, as sentiment ... More >>

World Week Ahead: Gearing up for Black Friday

Monday, 20 November 2017, 10:37 am | BusinessDesk

Nov. 20 (BusinessDesk) - A speech by Federal Reserve Chair Janet Yellen and minutes from the latest central bank meeting might offer clues on the pace of interest rate increases next year in a week shortened by the Thanksgiving holiday, which is followed ... More >>

MARKET CLOSE: NZ shares up, Mercury and Genesis gain

Friday, 17 November 2017, 8:37 pm | BusinessDesk

MARKET CLOSE: NZ shares up, Mercury and Genesis gain while Xero flat on Drury selling More >>

NZ dollar headed for 1% weekly fall

Friday, 17 November 2017, 8:36 pm | BusinessDesk

Nov. 17 (BusinessDesk) - The New Zealand dollar was heading for a 1 percent weekly decline in the face of weaker commodity prices. More >>

NZ households rein in house-price expectations

Friday, 17 November 2017, 8:35 pm | BusinessDesk

Nov. 17 (BusinessDesk) - New Zealand households have dialled back their expectations on whether property prices will rise, although they still anticipate higher consumer prices, according to the Reserve Bank's latest survey. More >>

Sharesies to look at robo-advice once regulator rules

Friday, 17 November 2017, 8:33 pm | BusinessDesk

Nov. 17 (BusinessDesk) - Start-up fund distribution platform Sharesies will develop a plan to provide personalised, automated financial advice, known as robo-advice, once there is more clarity about regulatory exemptions. More >>

Precinct raises $100 mln in oversubscribed bond

Friday, 17 November 2017, 6:17 pm | BusinessDesk

Nov. 17 (BusinessDesk) - Precinct Properties New Zealand has raised $100 million in an oversubscribed seven-year bond, paying annual interest at the bottom end of its indicative margin. More >>

Speirs Group turns to annual loss

Friday, 17 November 2017, 3:04 pm | BusinessDesk

Nov. 17 (BusinessDesk) - Speirs Group, the Palmerston North-based food processing business founded by the Speirs family, posted its first annual loss in four years after its salad business was hit by higher costs and weaker revenue as competition ... More >>

Electricity and dairy prices drive rise in 3Q

Friday, 17 November 2017, 2:37 pm | BusinessDesk

Nov. 17 (BusinessDesk) - Higher electricity and farm-gate milk prices contributed to rises in both producer output and input prices in the September quarter. More >>

Manufacturing activity dips in October

Friday, 17 November 2017, 1:56 pm | BusinessDesk

Nov. 17 (BusinessDesk) - New Zealand's manufacturing activity dipped in October, although economists say it's too soon to tell whether the new Labour-led government has had an impact. More >>

Wellington Drive Downgrades 2017 Guidance on Weaker Q3

Friday, 17 November 2017, 1:06 pm | BusinessDesk

Nov. 17 (BusinessDesk) - Wellington Drive Technologies, which makes energy efficient motors for commercial refrigerators, widened its loss in the third quarter and downgraded its 2017 earnings guidance on slower customer demand, though it's still forecasting ... More >>