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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 369]
Freightways buys Australian medical waste service
Thursday, 17 August 2017, 1:28 pm | BusinessDesk
Aug. 17 (BusinessDesk) - Freightways has snapped up Australian State Waste Services and its related entities, a group that provides medical waste services in Sydney and surrounding regional areas, for an initial payment of A$6 million and said it ... More >>
Precinct Properties lifts FY profit 17%
Thursday, 17 August 2017, 1:12 pm | BusinessDesk
Aug. 17 (BusinessDesk) - Precinct Properties New Zealand, the listed commercial property investor, increased annual profit 17 percent and was positive about the current financial year as it completes its development pipeline. It's also considering ... More >>
Skellerup lifts annual profit 8% on water focus
Thursday, 17 August 2017, 1:11 pm | BusinessDesk
Aug. 17 (BusinessDesk) - Skellerup Holdings lifted annual profit 8 percent as the rubber goods manufacturer reaped the benefits from refocusing its industrial unit away from the volatile oil and iron ore industries and into the potable water market, ... More >>
Former Mt Eden prison inmate sues Serco for $500,000
Thursday, 17 August 2017, 1:09 pm | BusinessDesk
Aug. 17 (BusinessDesk) - Former Mt Eden remand prison inmate Alex Littleton is suing Serco New Zealand for half a million dollars, claiming the private prison manager was derelict in its duty of care, enabling two assaults on him, one of which saw ... More >>
NZ dollar gains as Fed minutes show inflation view split
Thursday, 17 August 2017, 11:39 am | BusinessDesk
Aug. 17 (BusinessDesk) - The New Zealand dollar gained as minutes of the last Federal Reserve policy meeting showed some concern that inflation isn't as strong as expected, although policymakers appear committed to unwinding the Fed's massive balance sheet. More >>
While you were sleeping: Fed inflation worries deepen
Thursday, 17 August 2017, 11:12 am | BusinessDesk
Aug. 17 (BusinessDesk) - Wall Street inched higher, while the US dollar fell as minutes from the latest Federal Reserve meeting showed an increased concern about tame inflation, prompting questions whether the central bank will increase interest rates again this ... More >>
MARKET CLOSE: NZ shares rise, lead by ANZ, CBL
Wednesday, 16 August 2017, 8:34 pm | BusinessDesk
MARKET CLOSE: NZ shares rise, lead by ANZ, CBL; Fletcher Building gains despite profit plunge More >>
NZ dollar little changed after dropping overnight
Wednesday, 16 August 2017, 8:15 pm | BusinessDesk
Aug. 16 (BusinessDesk) - The New Zealand dollar was little changed in Asia after falling sharply overnight when US retail sales data propelled the greenback higher. More >>
Abano's dissident shareholders to exit in discounted trade
Wednesday, 16 August 2017, 8:14 pm | BusinessDesk
Aug. 16 (BusinessDesk) - Abano Healthcare is set to see the backs of dissident shareholders Peter and Anya Hutson and James Reeves, who plan to dump their collective 19 percent stake in the medical specialist investor for about $36.7 million. More >>
Labour's water tax wrong to target irrigators, says lobby
Wednesday, 16 August 2017, 8:12 pm | BusinessDesk
Aug. 16 (BusinessDesk) - The Labour Party's proposal to tax water used for irrigation will fail because lakes and rivers most in need of freshwater clean-ups have low levels of irrigation, says Irrigation New Zealand. More >>
Colonial Motor Co lifts annual profit 4.2%
Wednesday, 16 August 2017, 8:11 pm | BusinessDesk
Aug. 16 (BusinessDesk) - Colonial Motor Co, which listed on the NZ stock exchange in 1962, lifted annual profit 4.2 percent as the motor vehicle distributor continued to enjoy the nation's car sales boom. More >>
UPDATE: Fletcher chair Norris hints at board refresh
Wednesday, 16 August 2017, 8:09 pm | BusinessDesk
UPDATE: Fletcher chair Norris hints at board refresh after year of nil return to shareholders More >>
AFT shares drop 6.3% after ticking off
Wednesday, 16 August 2017, 8:08 pm | BusinessDesk
Aug. 16 (BusinessDesk) - AFT Pharmaceutical shares dropped 6.3 percent on very thin volumes after the maker of Maxigesic was one of two companies warned by the Commerce Commission over the marketing and packaging of painkillers. More >>
Fairfax's Hywood upbeat on NZ business
Wednesday, 16 August 2017, 8:07 pm | BusinessDesk
Aug. 16 (BusinessDesk) - Fairfax Media Group chief executive Greg Hywood is optimistic about the outlook for the New Zealand division as the now-profitable hyper-local Neighbourly website breaks ground with a growing number of real estate listings. More >>
Tenths Trust fraudster Ngatata Love to be paroled in October
Wednesday, 16 August 2017, 8:04 pm | BusinessDesk
Aug. 16 (BusinessDesk) - Former Treaty of Waitangi claims negotiator Ngatata Love will be released on parole in October, having served less than half of his jail term for taking a secret payment of $1.5 million while chairman of the Wellington Tenths ... More >>
Invocare lifts NZ 1H earnings 21% as volumes increase
Wednesday, 16 August 2017, 3:57 pm | BusinessDesk
Aug. 16 (BusinessDesk) - Invocare, the largest private funeral, cemetery and cremation operator in the Asia Pacific region, lifted its first-half earnings in New Zealand by 21 percent, assisted by a rising death rate. More >>
Fairfax's NZ annual earnings fall 7.7%
Wednesday, 16 August 2017, 3:37 pm | BusinessDesk
Aug. 16 (BusinessDesk) - Fairfax Media Group's New Zealand business, which is appealing a rejection of a proposed merger with rival NZME, posted a 7.7 percent fall in annual earnings as print advertising revenue shrank faster than the newspaper and online ... More >>
CropLogic says A$8 million share offer fully subscribed
Wednesday, 16 August 2017, 3:16 pm | BusinessDesk
Aug. 16 (BusinessDesk) - CropLogic, the agricultural technology company which counts Powerhouse Ventures and the New Zealand Venture Investment Fund as shareholders, says its A$8 million initial public offering was fully subscribed and it is now set ... More >>
Minister wants NZVIF's Seed fund to deliver better returns
Wednesday, 16 August 2017, 2:20 pm | BusinessDesk
Aug. 16 (BusinessDesk) - Economic Development Minister Simon Bridges wants the New Zealand Venture Investment Fund to deliver bigger returns under a new investment framework for the Seed Co-investment Fund that will let the early-stage investor ... More >>
Fletcher chair Norris hints at board refresh
Wednesday, 16 August 2017, 2:08 pm | BusinessDesk
Aug. 16 (BusinessDesk) - Fletcher Building chairman Ralph Norris says the board will be refreshed as part of the normal rotation of directors and appointees will be sought with construction experience but he stopped short of accepting responsibility for ... More >>
