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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 377]
Suncorp's NZ insurance posts 57% drop in annual profit
Thursday, 3 August 2017, 3:03 pm | BusinessDesk
Aug. 3 (BusinessDesk) - Suncorp Group's New Zealand insurance business posted a 57 percent drop in annual profit as a series of natural disasters, including last year's Kaikoura earthquake, pushed the value of claims beyond the firm's reinsurance ... More >>
Briscoe's 2nd qtr sales grow less than expected
Thursday, 3 August 2017, 2:30 pm | BusinessDesk
Aug. 3 (BusinessDesk) - Briscoe Group saw slower sales growth than expected in the second quarter, which it put down to a late winter and the Lions rugby tour, but says it is generally happy with the first half of the year. More >>
Kathmandu says full-year profit rose as much as 13%
Thursday, 3 August 2017, 2:29 pm | BusinessDesk
Aug. 3 (BusinessDesk) - Kathmandu Holdings says full-year profit rose as much as 13 percent after a successful winter sales season and increased revenue from Australia. More >>
TSB exercises option to buy rest of Fisher Funds
Thursday, 3 August 2017, 1:50 pm | BusinessDesk
TSB exercises option to buy rest of Fisher Funds, brings in US private equity firm More >>
Chatham Islands wind turbines owner put in liquidation
Thursday, 3 August 2017, 1:32 pm | BusinessDesk
Aug. 3 (BusinessDesk) - Chatham Island Wind, an Australian-owned business that had promised to slash power bills for islanders dependent on diesel generators, has been put into liquidation three years after its parent went into voluntary administration. More >>
Kathmandu says full-year profit rose as much as 13%
Thursday, 3 August 2017, 1:29 pm | BusinessDesk
Aug. 3 (BusinessDesk) - Kathmandu Holdings says full-year profit rose as much as 13 percent after a successful winter sales season and increased revenue from Australia. More >>
Auckland house prices ease and number of sales declines
Thursday, 3 August 2017, 1:27 pm | BusinessDesk
Aug. 3 (BusinessDesk) - Auckland's average house price eased in July from June and the number of sales also declined, said realtor Barfoot & Thompson. More >>
Small trades push NZX activity up in July
Thursday, 3 August 2017, 12:55 pm | BusinessDesk
Aug. 3 (BusinessDesk) - NZX trading activity rose in July, with a surge in the number of small trades. More >>
NZ new vehicle sales post modest gains in July
Thursday, 3 August 2017, 12:20 pm | BusinessDesk
Aug. 3 (BusinessDesk) - New Zealand new vehicle sales rose at a modest pace in July following a record month in June, keeping the industry on track to hit their highest ever level this year. More >>
NZ Dollar Stays on Backfoot After Weak Employment Figures
Thursday, 3 August 2017, 11:44 am | BusinessDesk
Aug. 3 (BusinessDesk) - The New Zealand dollar remained under pressure after yesterday's weaker than expected employment data added to the view that the Reserve Bank has plenty of scope to keep interest rates on hold for a protracted period. More >>
While you were sleeping: Apple outlook delivers
Thursday, 3 August 2017, 11:01 am | BusinessDesk
Aug. 3 (BusinessDesk) - A better-than-expected outlook from Apple sent the stock to a record and pushed the Dow Jones Industrial Average above 22,000 points for the first time. More >>
MARKET CLOSE: NZ shares rise to new record
Wednesday, 2 August 2017, 8:55 pm | BusinessDesk
MARKET CLOSE: NZ shares rise to new record as blue chips including Xero, Ryman gain More >>
Build Auckland big and southwards for best transport outcome
Wednesday, 2 August 2017, 8:53 pm | BusinessDesk
Aug. 2 (BusinessDesk) - Auckland should plan much more aggressively for its growth to be south of the city's isthmus, accompanied by massive investment in public transport infrastructure that such a population could support, says the head of Infrastructure ... More >>
NZ dollar falls on weak jobs data
Wednesday, 2 August 2017, 8:52 pm | BusinessDesk
Aug. 2 (BusinessDesk) - The New Zealand dollar fell after weaker-than-expected employment in the second quarter added to the view the central bank will keep interest rates firmly on hold for longer. More >>
Westland Milk signals higher 2018 payout
Wednesday, 2 August 2017, 8:51 pm | BusinessDesk
Aug. 2 (BusinessDesk) - Westland Milk Products expects to pay a higher price at the farmgate in the 2018 season following what it says has been "10 months of analysis and systems change" under new management. More >>
Punakaiki Fund targets mid-2019 listing
Wednesday, 2 August 2017, 3:56 pm | BusinessDesk
Aug. 2 (BusinessDesk) - Punakaiki Fund, the long-term investor in high-growth local firms set up by Lance Wiggs, wants to go public in the middle of 2019 with at least $100 million of assets and will put a plan in front of shareholders at next year's ... More >>
Stalled jobs growth surprises investors
Wednesday, 2 August 2017, 3:11 pm | BusinessDesk
Aug. 2 (BusinessDesk) - An unexpected dip in employment in the June quarter surprised market analysts who were picking growth to remain robust, prompting a sell-off in the kiwi dollar and firming up expectations for the Reserve Bank to keep interest ... More >>
Flight Plastics opens PET plastic wash plant in Lower Hutt
Wednesday, 2 August 2017, 2:40 pm | BusinessDesk
Aug. 2 (BusinessDesk) - Flight Plastics, the New Zealand plastic packaging manufacturer, has opened the first plant in Australasia able to recycle local polyethylene terephthalate (PET) drink bottles into food-grade packaging. More >>
NZ jobless rate falls near 8-year low as participation dips
Wednesday, 2 August 2017, 1:55 pm | BusinessDesk
Aug. 2 (BusinessDesk) - New Zealand's jobless rate fell near an eight-year low as participation dwindled, while at the same time employment fell. The kiwi dollar dropped on the figures. More >>
RBNZ aims to simplify prudential regulation
Wednesday, 2 August 2017, 12:37 pm | BusinessDesk
Aug. 2 (BusinessDesk) - The Reserve Bank of New Zealand aims to improve the effectiveness of its prudential regulation by simplifying its regulations and by shoring up its supervisory activities, deputy governor Grant Spencer said in a speech. More >>
