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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 367]
Smiths City looks at expanding profitable finance unit
Monday, 21 August 2017, 7:45 pm | BusinessDesk
Aug. 21 (BusinessDesk) - Smiths City Group sees a "significant opportunity" in building out its high margin finance business and is weighing up options to expand its offering, says chief executive Roy Campbell. More >>
FMA expects settlement with Prince and Partners Trustee Co
Monday, 21 August 2017, 7:41 pm | BusinessDesk
Aug. 21 (BusinessDesk) - The Financial Markets Authority expects to shortly reach a settlement with Prince and Partners Trustee Co just as civil proceedings kick off in the Auckland High Court. More >>
UPDATE: Vodafone NZ back in black in hotly contested market
Monday, 21 August 2017, 5:26 pm | BusinessDesk
Aug. 21 (BusinessDesk) - Vodafone New Zealand's books were back in the black after three years in the red as the country's biggest mobile operator boosted revenue in an increasingly competitive telecommunications sector. More >>
Nib's NZ earnings rise 36% in 2017
Monday, 21 August 2017, 4:31 pm | BusinessDesk
Nib's NZ earnings rise 36% in 2017 as OnePath acquisition makes full year contribution More >>
Nats and Labour go head to head on road vs rail
Monday, 21 August 2017, 4:09 pm | BusinessDesk
Aug. 21 (BusinessDesk) - The contest of transport policies between the National and Labour parties has heated up again with Labour leader Jacinda Ardern announcing plans to introduce passenger rail services between Auckland, Hamilton and Tauranga ... More >>
NZ structural log prices hit new record
Monday, 21 August 2017, 3:26 pm | BusinessDesk
Aug. 21 (BusinessDesk) - New Zealand structural log prices hit a new record as local mills compete with the export market to secure supply to meet the demand from the busy domestic construction market. More >>
Metro pulls plans to increase pool for directors' fees
Monday, 21 August 2017, 3:13 pm | BusinessDesk
Aug. 21 (BusinessDesk) - Metro Performance Glass will reduce annual non-executive directors' fees rather than seek a mandate to increase the available fee pool at Thursday's annual general meeting. More >>
NZ Steel in A$100M profit turnaround, future more secure
Monday, 21 August 2017, 2:54 pm | BusinessDesk
Aug. 21 (BusinessDesk) - Australian-owned New Zealand Steel achieved a A$100 million turnaround in underlying operating earnings in the year to June 30, following two years of deep cost-cutting, the sale of its Taharoa ironsands business, and a focus ... More >>
Vodafone NZ back in black as sales tick up
Monday, 21 August 2017, 2:43 pm | BusinessDesk
Aug. 21 (BusinessDesk) - Vodafone New Zealand's books were back in the black after three years in the red as the country's biggest mobile operator boosted revenue in an increasingly competitive telecommunications sector. More >>
NZ migration hits record in July despite more Kiwis leaving
Monday, 21 August 2017, 2:34 pm | BusinessDesk
Aug. 21 (BusinessDesk) - New Zealand annual net migration rose to a record in July, driven by foreign immigrants, with the biggest groups coming from Australia, the UK and China More >>
Heartland Bank to offer up to $150 million in five-year bond
Monday, 21 August 2017, 1:19 pm | BusinessDesk
Aug. 21 (BusinessDesk) - Heartland Bank is offering up to $150 million of five-year fixed rate bonds to institutional and New Zealand retail investors and the funds will be used for general corporate purposes, it said in a release to the stock exchange. More >>
Michael Hill annual profit rises 67%
Monday, 21 August 2017, 1:11 pm | BusinessDesk
Aug. 21 (BusinessDesk) - Michael Hill International, the jewellery retailer founded by its namesake, boosted annual profit by two thirds as its Michael Hill chain grew steadily in its main markets of Australia and New Zealand and recorded stronger growth ... More >>
Selwyn Cushing to retire from Skellerup board
Monday, 21 August 2017, 12:18 pm | BusinessDesk
Aug. 21 (BusinessDesk) - Skellerup Holdings has appointed former investment banker David Cushing to its board from which his father, Selwyn Cushing, will retire in October. More >>
Vista buys controlling stake in Senda for $684k
Monday, 21 August 2017, 12:05 pm | BusinessDesk
Aug. 21 (BusinessDesk) - Vista Group International has bought a 60 percent stake in Mexico's Senda Direccion Tecnologica, giving it control of the Latin American reseller of the cinema analytics firm's services. More >>
NZ dollar gains as Bannon ousted
Monday, 21 August 2017, 11:52 am | BusinessDesk
Aug. 21 (BusinessDesk) - The New Zealand dollar rose as news that US President Donald Trump had dumped adviser Steve Bannon kept politics to the fore and traders looked ahead to the central bank meeting at Jackson Hole, Wyoming, where Federal Reserve ... More >>
World Week Ahead: Eyes on White House, Yellen
Monday, 21 August 2017, 11:33 am | BusinessDesk
Aug. 21 (BusinessDesk) - As central bankers from around the world including Federal Reserve chair Janet Yellen set to gather for their annual meeting in Jackson Hole, Wyoming, investors are closely watching the intensifying turmoil in the White House. More >>
MARKET CLOSE: NZ shares up
Friday, 18 August 2017, 8:32 pm | BusinessDesk
Aug. 18 (BusinessDesk) - New Zealand shares inched up, defying global market trends, with Tourism Holdings and Fletcher Building gaining while CBL Corp plunged. More >>
NZ dollar heading for a 0.4% weekly fall in nervous markets
Friday, 18 August 2017, 8:14 pm | BusinessDesk
Aug. 18 (BusinessDesk) - The New Zealand dollar was set to end the week 0.4 percent lower against the greenback on growing concerns that US President Donald Trump's won't be able to push through his pro-business agenda and in the wake of the attack ... More >>
Paymark lifts profit, sales in 2017
Friday, 18 August 2017, 5:15 pm | BusinessDesk
Aug. 18 (BusinessDesk) - Paymark,the EFTPOS terminal provider owned by the four major banks, lifted earnings and sales in 2017, as its owners continue to search for a buyer. More >>
NZ First seeks minimum wage of $20 within three years
Friday, 18 August 2017, 4:34 pm | BusinessDesk
Aug. 18 (BusinessDesk) - New Zealand First is pledging to raise the minimum wage to $20 an hour within three years as part of a confidence and supply agreement to form a government after the Sept 23 election. More >>
