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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 364]
Living Cell Technologies annual loss widens by a third
Thursday, 24 August 2017, 2:19 pm | BusinessDesk
Aug. 24 (BusinessDesk) - Living Cell Technologies, the ASX-listed biotech company with New Zealand-based operations, said its full-year loss was 33 percent wider on higher costs associated with its latest drug trials. More >>
CBL says first-half revenue growth was encouraging
Thursday, 24 August 2017, 2:18 pm | BusinessDesk
Aug. 24 (BusinessDesk) - Auckland-based credit surety and financial risk insurer CBL Corp said first half revenue growth was encouraging, despite the 36 percent drop in operating profit due to increasing its insurance reserves. More >>
UPDATE: Ebos sees room for further acquisitions
Thursday, 24 August 2017, 2:17 pm | BusinessDesk
Aug. 24 (BusinessDesk) - Ebos Group posted a 4.9 percent gain in annual profit and raised its final dividend saying it has room to make further acquisitions despite an increase in gearing that followed the debt-funded purchase of pharmacy outsourcing ... More >>
Metro Performance Glass shares sink 10% on muted outlook
Thursday, 24 August 2017, 1:58 pm | BusinessDesk
Aug. 24 (BusinessDesk) - Metro Performance Glass shares fell 10 percent after the company said it expects its first half results to be largely flat despite the contribution from recently acquired Australian Glass Group. More >>
NZ Refining first-half profit more than triples
Thursday, 24 August 2017, 1:51 pm | BusinessDesk
Aug. 24 (BusinessDesk) - New Zealand Refining more than tripled first-half profit as above-average margins bolstered earnings for the operator of the Marsden Point oil refinery, paving the way for a slightly higher dividend than expected. More >>
Trade Me boosts annual profit 26%
Thursday, 24 August 2017, 1:23 pm | BusinessDesk
Aug. 24 (BusinessDesk) - Trade Me, New Zealand's largest online auction site, posted a 26 percent jump in annual profit as it reaped the benefits from its earlier spending on staff, product development, marketing and sales. However it warned earnings growth ... More >>
Scales shares down after first-half profit drops 14%
Thursday, 24 August 2017, 1:06 pm | BusinessDesk
Scales shares down after first-half profit drops 14% after bad weather, reaffirms annual guidance More >>
NZME first half earnings edge up 1%
Thursday, 24 August 2017, 12:41 pm | BusinessDesk
Aug. 24 (BusinessDesk) - NZME increased first half trading earnings 1 percent as audience numbers ticked up but warned that headwinds remain and said completing the merger with Fairfax Media remains a priority. More >>
Vector underlying FY earnings flat
Thursday, 24 August 2017, 12:31 pm | BusinessDesk
Aug. 24 (BusinessDesk) - Vector posted a 0.3 percent increase in annual underlying earnings and says next year's result will be largely the same as the electricity, gas and telecommunications utility continues to branch out from its regulated network ... More >>
Meridian Energy reports flat earnings for FY17
Thursday, 24 August 2017, 12:23 pm | BusinessDesk
Aug. 24 (BusinessDesk) - Meridian Energy reported flat earnings for the year to June 30, reflecting a strong first-half performance offset by dry conditions in the South Island that limited its ability to generate electricity from its southern hydro dams. More >>
Vista lifts 1H profit, expects 20% plus growth
Thursday, 24 August 2017, 12:21 pm | BusinessDesk
Aug. 24 (BusinessDesk) - Vista Group International lifted first-half profit by 34 percent as recurring revenue rose and the cinema software firm continued with its international expansion. More >>
FIRST CUT: Ebos posts 4.9% gain in full-year profit
Thursday, 24 August 2017, 12:20 pm | BusinessDesk
Aug. 24 (BusinessDesk) - Ebos Group, the pharmaceutical and animal health products maker, posted a 4.9 percent gain in full-year profit and lifted its final dividend as acquisitions and sales of products such as hepatitis C medicines drove revenue ... More >>
NZ dollar falls to two-month low
Thursday, 24 August 2017, 11:09 am | BusinessDesk
Aug. 24 (BusinessDesk) - The New Zealand dollar fell, touching a two-month low, after the pre-election fiscal showed weaker economic growth and smaller Budget surpluses. More >>
Tourism boom keeping Air NZ, Auckland Airport in clover
Thursday, 24 August 2017, 10:45 am | BusinessDesk
Aug. 24 (BusinessDesk) - New Zealand's ongoing tourism boom is showing no sign of letting up and companies at the forefront such as Auckland International Airport and Air New Zealand are keen to keep riding the wave. More >>
While you were sleeping: Trump shutdown threats hit Wall St
Thursday, 24 August 2017, 9:01 am | BusinessDesk
Aug. 24 (BusinessDesk) - Wall Street moved lower as US President Donald Trump’s threats to shut down the government if Congress does not fund a wall on the southern border revived concern about the administration’s ability to move ahead with plans ... More >>
CORRECT: MARKET CLOSE: NZ shares rise as A2 hits record
Wednesday, 23 August 2017, 10:11 pm | BusinessDesk
CORRECT: MARKET CLOSE: NZ shares rise as A2 hits record, Air NZ gains on earnings; Sky TV falls More >>
MARKET CLOSE: NZ shares rise as A2 hits record, Air NZ gains
Wednesday, 23 August 2017, 8:33 pm | BusinessDesk
MARKET CLOSE: NZ shares rise as A2 hits record, Air NZ gains on earnings; Sky TV hits all-time low More >>
Bapcor happy with Hellaby's automotive unit
Wednesday, 23 August 2017, 8:19 pm | BusinessDesk
Aug. 23 (BusinessDesk) - ASX-listed Bapcor is pleased with the "upside potential" from the automotive unit acquired with the takeover of Hellaby Holdings and is actively seeking buyers for its New Zealand resources and footwear divisions. More >>
Dollar falls after PREFU as polls show closer race
Wednesday, 23 August 2017, 8:08 pm | BusinessDesk
Aug. 23 (BusinessDesk) - The New Zealand dollar fell after the pre-election fiscal showed weaker growth and as polls showed that one month out from the election it is a close race. More >>
Auckland Airport working on transport solutions
Wednesday, 23 August 2017, 7:49 pm | BusinessDesk
Aug. 23 (BusinessDesk) - Auckland International Airport chief executive Adrian Littlewood says the country's main gateway is doing its bit to help with transport to and from the airport, with congestion an increasing problem as the city continues to grow. More >>
