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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 409]
Volpara narrows full year net loss, contract value increases
Monday, 29 May 2017, 4:30 pm | BusinessDesk
May 29 (BusinessDesk) - Volpara Health Technologies, the Wellington-based, ASX-listed digital health company, narrowed its annual loss and said year-on-year growth, in terms of total contract value, continues to accelerate. More >>
Cooperative Bank posts flat annual earnings
Monday, 29 May 2017, 4:07 pm | BusinessDesk
May 29 (BusinessDesk) - The Cooperative Bank, which distributes rebates to its customer-shareholders, posted flat annual earnings as shrinking margins offset lending growth from an expanding customer base, and as impairment charges on bad debts rose. More >>
Turners Automotive lifts annual profit 13%
Monday, 29 May 2017, 1:55 pm | BusinessDesk
May 29 (BusinessDesk) - Turners Automotive Group lifted annual profit 13 percent after it acquired Buy Right Cars, expanding its vehicle retail unit. More >>
Blis Technologies says orders still impacted
Monday, 29 May 2017, 1:51 pm | BusinessDesk
May 29 (BusinessDesk) - Blis Technologies says regulatory processes surrounding ownership changes in a key customer are continuing to impact orders but it remains upbeat about its market opportunities, particularly in China, and expects to deliver a profit ... More >>
Property For Industry contract worth more than $42M
Monday, 29 May 2017, 12:55 pm | BusinessDesk
May 29 (BusinessDesk) - Property For Industry's management contract is worth more than the $42 million the industrial property investor will pay to bring the contract in-house, which should pave the way to higher dividends, says an independent appraisal ... More >>
Investore beats prospectus forecast
Monday, 29 May 2017, 12:52 pm | BusinessDesk
May 29 (BusinessDesk) - Investore Property, the property investor spun out of Stride Property last year, posted an inaugural full-year profit as a listed company that beat its prospectus forecast after recording a stronger-than-expected increase in ... More >>
NZ dollar starts week on weaker footing
Monday, 29 May 2017, 11:40 am | BusinessDesk
May 29 (BusinessDesk) - The New Zealand dollar started the week on a weaker footing, with bank holidays in the US, China and the UK today likely to keep trading subdued, and after an upward revision in US economic growth underwhelmed the market More >>
World Week Ahead: Data back in focus
Monday, 29 May 2017, 11:07 am | BusinessDesk
May 29 (BusinessDesk) - Investors will eye the latest US jobs data to gauge the odds the Federal Reserve might not raise interest rates as much this year as previously flagged. More >>
New Zealanders' confidence in financial markets improves
Monday, 29 May 2017, 10:59 am | BusinessDesk
May 29 (BusinessDesk) - Almost two-thirds of New Zealanders have confidence in the country's capital markets, up from just over half last year, a Financial Markets Authority survey shows. More >>
Banks Shoes chain latest retailer to call in receiver
Friday, 26 May 2017, 8:48 pm | BusinessDesk
May 26 (BusinessDesk) - Banks Group, which runs 14 stores across the country under the brands including Banks Shoes and Shoe Connection, has been tipped into receivership at the request of director John Bank. More >>
MARKET CLOSE: NZ shares rise, led by F&P Healthcare
Friday, 26 May 2017, 8:47 pm | BusinessDesk
May 26 (BusinessDesk) - New Zealand shares rose, led by Fisher & Paykel Healthcare and Sky Network Television, while Ebos and Metro Performance Glass fell. More >>
NZ dollar falls with Aussie as China downgrade mulled
Friday, 26 May 2017, 8:32 pm | BusinessDesk
May 26 (BusinessDesk) - The New Zealand dollar fell along with the Australian dollar after officials at Moody's Investors Service officials said China could face another credit rating downgrade if it doesn't contain its debt mountain, while both currencies ... More >>
Govt edges towards review of low-user electricity tariff
Friday, 26 May 2017, 8:30 pm | BusinessDesk
May 26 (BusinessDesk) - Electricity retailers are pushing for a government review of the 13-year-old low user electricity tariff following comments this week by Energy Minister Judith Collins that she is willing to seek advice on an issue long-stalled ... More >>
Trilogy meets guidance with 19% gain in full-year earnings
Friday, 26 May 2017, 8:29 pm | BusinessDesk
May 26 (BusinessDesk) - Trilogy International posted a 19 percent gain in annual pretax earnings, meeting guidance, reflecting a full 12-month contribution from distributor CS & Co and stronger sales of its Trilogy beauty products, which offset the impact ... More >>
Zespri 2016/17 grower returns sag despite big jumps
Friday, 26 May 2017, 8:27 pm | BusinessDesk
May 26 (BusinessDesk) - New Zealand's statutory kiwifruit exporter, Zespri, achieved distributable profit for its grower shareholders of $34.8 million in the year to March 31 on a 19 percent increase in turnover of $2.26 billion. More >>
RBNZ approves Wolfstrike's purchase of lender FE investments
Friday, 26 May 2017, 5:33 pm | BusinessDesk
May 26 (BusinessDesk) - The Reserve Bank has given the seal of approval to ASX-listed Wolfstrike Rentals Group to buy local financier FE Investments, the last hurdle the firms needed to cross in settling the deal. More >>
Mitre 10 chair Dippie's own stores still at odds with union
Friday, 26 May 2017, 3:37 pm | BusinessDesk
May 26 (BusinessDesk) - Mitre 10 (New Zealand) chairman Martin Dippie's Jacks Hardware and Timber is still wrangling with First Union over details of the hardware store operator's first collective agreement some 3 1/2 years after talks began. More >>
McIntosh must return 'profits', Supreme Court rules
Friday, 26 May 2017, 2:28 pm | BusinessDesk
May 26 (BusinessDesk) - Former Ross Asset Management investor Hamish McIntosh can keep the $500,000 he invested with the failed Ross Asset Management but must return the fictitious profits, the Supreme Court has ruled in a majority decision. More >>
Future Mobility Solutions lifts annual profit 24%
Friday, 26 May 2017, 2:07 pm | BusinessDesk
May 26 (BusinessDesk) - Future Mobility Solutions posted a 24 percent gain in annual profit and said plans to seek a listing on an overseas market are now well advanced. More >>
NZME/Fairfax appeal merger rejection
Friday, 26 May 2017, 1:02 pm | BusinessDesk
May 26 (BusinessDesk) - NZME and Fairfax New Zealand have hired the Queens Counsel whose Court of Appeal arguments helped secure the Commerce Commission's authorisation of competition-killing merger in the wool-scouring sector which the commission then ... More >>
