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BusinessDesk - Latest News [Page 365]

Healthscope's NZ pathology business outperforms

Wednesday, 23 August 2017, 7:47 pm | BusinessDesk

Aug. 23 (BusinessDesk) - ASX-listed Healthscope's New Zealand pathology business outperformed the larger Australian divisions as an expanded offering on this side of the Tasman coincided with the roll-out of new technology to strip out costs, widening ... More >>

CORRECT: Cavalier sinks into the red

Wednesday, 23 August 2017, 7:46 pm | BusinessDesk

Aug. 23 (BusinessDesk) - Cavalier Corp sank back into the red after the overhaul of the wool carpet maker's operations proved more expensive and more prolonged than expected, raising flags over the company's ability to keep operating as a going concern. More >>

Vocus to refresh Orcon as CallPlus acquisition boosts

Wednesday, 23 August 2017, 7:45 pm | BusinessDesk

Aug. 23 (BusinessDesk) - ASX-listed Vocus Group plans to refresh local broadband provider Orcon in a bid to get more out of its New Zealand consumer businesses facing skinnier margins in the face of tough competition. More >>

Humanoid robots and chatbots won't replace people

Wednesday, 23 August 2017, 4:44 pm | BusinessDesk

Aug. 23 (BusinessDesk) - Air New Zealand's latest innovative bid to enhance customer experience is going better than expected but the airline has no plans to replace people with robots, says chief executive Christopher Luxon. More >>

TeamTalk returns to full-year profit

Wednesday, 23 August 2017, 4:37 pm | BusinessDesk

Aug. 23 (BusinessDesk) - TeamTalk returned to full-year profit and affirmed its guidance for 2018 as the network provider trims its debt and prepares for a resumption of dividends. More >>

Cavalier sinks into the red as restructuring costs mount

Wednesday, 23 August 2017, 4:34 pm | BusinessDesk

IAG's NZ business posts 7.4% drop in full-year earnings

Wednesday, 23 August 2017, 3:39 pm | BusinessDesk

Aug. 23 (BusinessDesk) - Insurance Australia Group's New Zealand division recorded a 7.4 percent decline in insurance earnings reflecting increased claims as a result of natural disasters such as the Kaikoura earthquake last November, higher working ... More >>

Pre-election peek into Crown books shows bigger 2017 surplus

Wednesday, 23 August 2017, 3:11 pm | BusinessDesk

Aug. 23 (BusinessDesk) - The government's pre-election books show a bigger surplus for the 2017 financial year, largely at the expense of out-years, but Finance Minister Steven Joyce doesn't see room to splash out until around 2020. More >>

Countdown 2017 profit falls on more expensive dairy

Wednesday, 23 August 2017, 2:23 pm | BusinessDesk

Aug. 23 (BusinessDesk) - Woolworths' Countdown supermarket chain in New Zealand had a 1.4 percent decline in annual profit despite margins rising, with dairy and fresh produce costing more along with uninsured losses related to the November 2016 earthquake. More >>

A2 Milk triples annual profit, mulls special dividend

Wednesday, 23 August 2017, 1:21 pm | BusinessDesk

Aug. 23 (BusinessDesk) - A2 Milk, which markets milk with a protein variant said to have health benefits, tripled its annual profit and said it would use some of its accumulated cash to buy back shares, and may pay a special dividend. More >>

UPDATE: Air New Zealand annual earnings fall 21%

Wednesday, 23 August 2017, 1:16 pm | BusinessDesk

Aug. 23 (BusinessDesk) - Air New Zealand's shares rose 1.5 percent after it said its full year earnings fell 21 percent in an increasingly competitive market but were still the second highest ever as the airline continues to benefit from lower ... More >>

Genoapay founder gets $1M infusion

Wednesday, 23 August 2017, 12:48 pm | BusinessDesk

Aug. 23 (BusinessDesk) - Genoapay founder Shaun Quincey has attracted $1 million of funding from an accelerator programme co-funded by Callaghan Innovation but says he's intent on building his instalment payment platform into a $1 billion business. More >>

SLI changes strategy

Wednesday, 23 August 2017, 12:34 pm | BusinessDesk

Aug. 23 (BusinessDesk) - Christchurch-based e-commerce accelerator SLI Systems is undertaking a major change in sales strategy as it battles for market share among retailers whom it says are increasingly resisting the costs and logistics of deploying ... More >>

FIRST CUT: Auckland Airport lifts annual profit

Wednesday, 23 August 2017, 12:17 pm | BusinessDesk

Aug. 23 (BusinessDesk) - Auckland International Airport lifted annual profit 27 percent with growth from domestic and international passengers, and expects underlying earnings growth in 2018. More >>

Air NZ annual earnings fall 21% in competitive market

Wednesday, 23 August 2017, 12:05 pm | BusinessDesk

Aug. 23 (BusinessDesk) - Air New Zealand's full year earnings fell 21 percent in an increasingly competitive market but were still the second highest ever as the airline continues to benefit from lower jet fuel prices and the country's ongoing ... More >>