Scoop has an Ethical Paywall
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 371]
While You Were Sleeping: Wall St Rebounds
Tuesday, 15 August 2017, 11:20 am | BusinessDesk
Aug. 15 (BusinessDesk) - Wall Street climbed as investors found value in some stocks following last week’s declines. More >>
Rakon shares jump 20% on prospect of return to profitability
Monday, 14 August 2017, 8:49 pm | BusinessDesk
Aug. 14 (BusinessDesk) - Rakon shares jumped 20 percent after the company said it anticipates a return to profit in the current financial year as new space and defence customers and recovering demand among telecommunications company's bolsters the components ... More >>
MARKET CLOSE: NZ shares rise, led by Contact
Monday, 14 August 2017, 8:46 pm | BusinessDesk
MARKET CLOSE: NZ shares rise, led by Contact on earnings outlook; Heartland, By Sophie Boot More >>
Opus International lifts first-half profit
Monday, 14 August 2017, 8:45 pm | BusinessDesk
Aug. 14 (BusinessDesk) - Opus International Consultants, whose shares soared today on a takeover offer at an 87 percent premium, posted an improved first-half profit as a gain in Australia and New Zealand made up for losses in other regions. More >>
NZ dollar barely budges as all eyes focus on North Korea
Monday, 14 August 2017, 8:43 pm | BusinessDesk
Aug. 14 (BusinessDesk) - The New Zealand dollar barely budged from where it started the day after a brief lift following strong retail sales was short-lived as attention remained focused on events surrounding North Korea. More >>
Heartland's digital focus gaining traction
Monday, 14 August 2017, 8:42 pm | BusinessDesk
Aug. 14 (BusinessDesk) - Heartland Bank's recent efforts to expand its digital offering is winning over small business owners, who have been keen on the lender's fast turnaround for small loans. More >>
CORRECT: Payday beckons for ACC fund managers
Monday, 14 August 2017, 8:40 pm | BusinessDesk
Aug. 14 (BusinessDesk) - Fund managers employed by the state-owned Accident Compensation Corp are set for a payday after WSP Global Inc, a Canadian listed consultancy firm, offered an 87 percent premium for Opus International Consultants. More >>
UPDATE: WSP says Opus takeover 'transformative' for region
Monday, 14 August 2017, 8:38 pm | BusinessDesk
Aug. 14 (BusinessDesk) - WSP Global Inc, a Canadian listed consultancy firm, has made a "very full" offer of more than 10 times 2016 earnings for Opus International Consultants, in what it calls "a very transformative acquisition for the region". More >>
Contact looks to tighten market after 'crappy quarter'
Monday, 14 August 2017, 8:32 pm | BusinessDesk
Aug. 14 (BusinessDesk) - Contact Energy is looking to tighten electricity supply, saying it will seek better prices for roughly half a terawatt hour of its total annual generation either from commercial and industrial customers, wholesale spot market ... More >>
Commerce Commission warns telcos over Fair Trading breaches
Monday, 14 August 2017, 4:53 pm | BusinessDesk
Aug. 14 (BusinessDesk) - The Commerce Commission has sent warning letters to four telecommunications companies about specific conduct it considers breached the Fair Trading Act and said it is continuing to investigate further potential issues in ... More >>
UPDATE: Freightways shares fall 2%
Monday, 14 August 2017, 4:12 pm | BusinessDesk
Aug. 14 (BusinessDesk) - Freightways shares fell 2 percent on concerns of mounting pressure on earnings margins for the courier and information management company, despite a lift in annual profit on the strength of volume growth and margin in the ... More >>
HK-listed Orient Victory Travel pays $9M for Silverdale site
Monday, 14 August 2017, 4:03 pm | BusinessDesk
Aug. 14 (BusinessDesk) - A Hong Kong-listed travel company has bought three parcels of land in Auckland for $9 million, where it plans to build accommodation units for Chinese tourists and to take advantage of the "critical housing shortage" in New ... More >>
Payday beckons for ACC fund managers
Monday, 14 August 2017, 3:45 pm | BusinessDesk
Aug. 14 (BusinessDesk) - Fund managers employed by the state-owned Accident Compensation Corp are set for a payday after WSP Global Inc, a Canadian listed consultancy firm, offered an 87 percent premium for Opus International Consultants. More >>
JB Hi-Fi working on strategy for NZ business
Monday, 14 August 2017, 3:13 pm | BusinessDesk
Aug. 14 (BusinessDesk) - JB Hi-Fi's management is finalising a performance strategy for its New Zealand discount electronics chain after it turned to a loss as sales and margins dropped in the latest financial year. More >>
NZ services sector slows in July as wintry weather bites
Monday, 14 August 2017, 2:48 pm | BusinessDesk
Aug. 14 (BusinessDesk) - New Zealand's services sector, which accounts for about two-thirds of the economy, weakened in July as wet and wintry conditions hampered business activity. More >>
NZ retail sales rise in June quarter on Lions tour
Monday, 14 August 2017, 2:46 pm | BusinessDesk
Aug. 14 (BusinessDesk) - New Zealand retail sales rose in the June quarter, benefitting from increased consumer spending during the World Masters Games and the Lions rugby tour. More >>
Freightways lifts annual profit
Monday, 14 August 2017, 1:42 pm | BusinessDesk
Aug. 14 (BusinessDesk) - Courier and information management company Freightways lifted annual profit on the strength of volume growth and margin in the express package and business mail division and said it's targeting earnings growth for the current ... More >>
WSP bids $1.78 a share for Opus International
Monday, 14 August 2017, 1:04 pm | BusinessDesk
Aug. 14 (BusinessDesk) - WSP Global Inc, a Canadian listed consultancy firm, has offered an 87 percent premium for Opus International Consultants, winning support from its biggest shareholder. More >>
Heartland lifts annual profit 12% on expanding loan book
Monday, 14 August 2017, 1:02 pm | BusinessDesk
Aug. 14 (BusinessDesk) - Heartland Bank boosted annual profit 12 percent as the country's only locally-owned and listed bank managed to maintain relatively wide margins while expanding its loan book across all three of its main target sectors. More >>
US approval for 'grass-fed' infant formula will take longer
Monday, 14 August 2017, 12:20 pm | BusinessDesk
Aug. 14 (BusinessDesk) - Synlait Milk, the NZX-listed milk processor, said regulatory approval for its 'grass-fed' infant formula in the US is taking longer than expected. More >>
