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BusinessDesk - Latest News [Page 366]

UPDATE: Tourism Holdings shares at record on profit growth

Tuesday, 22 August 2017, 8:29 pm | BusinessDesk

UPDATE: Tourism Holdings shares at record on profit growth; CEO pleased but 'far from complacent' More >>

UPDATE: Genesis Energy rebrands

Tuesday, 22 August 2017, 8:27 pm | BusinessDesk

Aug. 22 (BusinessDesk) - Genesis Energy has quietly launched a new brand identity at the same time as it released today's earnings results for the year to June 30 as the country's largest electricity provider by customer numbers seeks to enable ... More >>

Murray Goulburn's milk collection tumbles

Tuesday, 22 August 2017, 4:56 pm | BusinessDesk

Aug. 22 (BusinessDesk) - Murray Goulburn Cooperative may lose the title of Australia's dominant milk processor as its milk collection continues to tumble and confirmed it has received approaches from third parties as it undertakes its strategic review. More >>

Kiwibank chief Paul Brock to depart at the end of the year

Tuesday, 22 August 2017, 4:50 pm | BusinessDesk

Aug. 22 (BusinessDesk) - Kiwbank chief executive Paul Brock will leave the state-owned lender at the end of the year, ending seven years in charge of the country's fifth biggest bank. More >>

UPDATE: Comvita shares climb

Tuesday, 22 August 2017, 3:42 pm | BusinessDesk

Aug. 22 (BusinessDesk) - Comvita shares jumped 10 percent after the natural health products company beat full year guidance and said it expects to return to an operating profit in the current financial year. More >>

Greencross makes 'aggressive' inroads into NZ pet market

Tuesday, 22 August 2017, 2:55 pm | BusinessDesk

Aug. 22 (BusinessDesk) - Australia pet care company Greencross made inroads on this side of the Tasman by buying up veterinary clinics and opening retail outlets, boosting New Zealand sales by more than a fifth. More >>

Ingham's posts 2.5% gain in FY earnings in NZ

Tuesday, 22 August 2017, 2:36 pm | BusinessDesk

Aug. 22 (BusinessDesk) - Ingham's Group, which is the number two poultry producer in New Zealand behind Tegel Group, reported a 2.5 percent gain in New Zealand earnings, saying trading improved in the second half after a weak first half and the trend ... More >>

Comvita beats earnings guidance, upbeat about FY18

Tuesday, 22 August 2017, 1:05 pm | BusinessDesk

Aug. 22 (BusinessDesk) - Comvita said poor weather conditions and the slowdown in demand from small exporters who ship goods informally to China weighed on its annual result, although a second half improvement meant it was slightly better than forecast ... More >>

Tourism Holdings lifts FY profit to record $30.2mn

Tuesday, 22 August 2017, 12:46 pm | BusinessDesk

Aug. 22 (BusinessDesk) - Tourism Holdings exceeded guidance, posting a record 2017 profit and said it aims to boost earnings to $50 million by 2020. More >>

ANZ Bank NZ wants at least $100M in five-year bond offer

Tuesday, 22 August 2017, 12:34 pm | BusinessDesk

Aug. 22 (BusinessDesk) - ANZ Bank New Zealand wants to raise at least $100 million by selling five-year bonds, which will have a lower interest rate than what it's offering term depositors. More >>

Genesis Energy delivers steady earnings in FY17

Tuesday, 22 August 2017, 12:29 pm | BusinessDesk

Aug. 22 (BusinessDesk) - Genesis Energy, the country's biggest electricity retailer by customer numbers, delivered steady full-year earnings, reflecting both positive and negative effects from swiftly changing South Island hydro-generation conditions ... More >>

Sky TV FY profit falls 21% as programme costs rise

Tuesday, 22 August 2017, 12:25 pm | BusinessDesk

Aug. 22 (BusinessDesk) - Sky Network Television, which dropped a merger plan with Vodafone New Zealand after it was rejected by the Commerce Commission, posted a 21 percent decline in annual profit as content costs increased, and revenue and subscriber ... More >>

Wet Winter & Customer Gains Drive Mercury's 15% profit

Tuesday, 22 August 2017, 12:03 pm | BusinessDesk

Aug. 22 (BusinessDesk) - Mercury Energy ran its North Island hydro generation hard while southern competitors suffered a dry winter, helping boost the Auckland-based electricity generator and retailer's net profit in the year to June 30 by 15 percent, ... More >>

Bancorp Gains NZX Accreditation for Dual-Listing Clients

Tuesday, 22 August 2017, 11:56 am | BusinessDesk

Aug. 22 (BusinessDesk) - Bancorp Group has gained NZX accreditation, which will allow the investment bank to bring companies to market in dual listings that give local firms access to Australia's deeper pool of capital. More >>

NZ Dollar Gains Against Broadly Weaker Greenback

Tuesday, 22 August 2017, 11:30 am | BusinessDesk

Aug. 22 (BusinessDesk) - The New Zealand dollar rose against a broadly weaker greenback as US joint exercises with South Korea put tensions with the North back into focus while the lack of economic news had traders looking ahead to the central banker symposium ... More >>