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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 411]
Argosy lifts distributable earnings
Thursday, 25 May 2017, 12:32 pm | BusinessDesk
May 25 (BusinessDesk) -- Argosy Property lifted distributable earnings 4.6 percent as it continued to lift the quality of its portfolio through the divestment of lower quality, non-core assets and after benefiting from the surrender of a lease agreement. More >>
Metroglass profit dips on Aussie expansion costs
Thursday, 25 May 2017, 12:17 pm | BusinessDesk
May 25 (BusinessDesk) - Metro Performance Glass delivered a $19.4 million net profit for the year to March 31, down from $21.3 million a year earlier, as it absorbed the costs of a major acquisition in the Australian market and the impact of declining ... More >>
NZ dollar climbs back above 70 US cts
Thursday, 25 May 2017, 11:30 am | BusinessDesk
May 25 (BusinessDesk) - The New Zealand dollar rose back above 70 US cents as investors were disappointed by caveats in the minutes to this month's Federal Reserve policy meeting as they raised uncertainty over the timing of US interest rate increases. More >>
While you were sleeping: Wall St ticks higher
Thursday, 25 May 2017, 8:05 am | BusinessDesk
May 25 (BusinessDesk) - Wall Street moved higher as investors eyed minutes from the latest Federal Reserve meeting, slated for release on Wednesday afternoon, for fresh clues on the outlook for interest rate increases. More >>
MARKET CLOSE: NZ shares rise, led by Arvida
Wednesday, 24 May 2017, 9:02 pm | BusinessDesk
May 24 (BusinessDesk) - Arvida Group led the New Zealand share market higher as investors were cheered by positive earnings reports and - like much of Asia - shrugged off news Moody's Investors Service cut its sovereign credit rating on China. More >>
NZ dollar slips below 70 US cents
Wednesday, 24 May 2017, 9:01 pm | BusinessDesk
May 24 (BusinessDesk) - The New Zealand dollar dipped below 70 US cents as credit rating agency Moody's Investors Service downgraded China's rating on fears rising debt levels could stifle growth in the world's second-biggest economy, which is also ... More >>
Plant & Food Research-Anagenix tie up
Wednesday, 24 May 2017, 9:01 pm | BusinessDesk
May 24 (BusinessDesk) - Crown research institute Plant & Food Research is about the reap the benefits from its first commercial partnership - the Innovation Cell - a venture aimed at bringing together science and marketing expertise to rapidly ... More >>
Air New Zealand passenger numbers rise in April
Wednesday, 24 May 2017, 8:59 pm | BusinessDesk
May 24 (BusinessDesk) - Air New Zealand's passenger numbers rose in April as tourists continue to flood into the country, bolstered by the timing of the Easter holiday. More >>
Unite Union makes headway in talks with Restaurant Brands
Wednesday, 24 May 2017, 5:00 pm | BusinessDesk
May 24 (BusinessDesk) - Unite Union is still negotiating with Restaurant Brands New Zealand after the union's members, who account for about half the fast food operator's local workforce, went on strike for the first time in a decade. More >>
SSC to probe Ministry's treatment of whistleblowers
Wednesday, 24 May 2017, 4:21 pm | BusinessDesk
May 24 (BusinessDesk) - The State Services Commission will investigate claims public servants lost their jobs after raising concerns about the actions of fraudster Joanne Harrison at the Ministry of Transport. More >>
FMA licenses 201 firms under new securities law regime
Wednesday, 24 May 2017, 3:37 pm | BusinessDesk
May 24 (BusinessDesk) - The Financial markets Authority has issued 201 licenses to a variety of financial services firms in the two-and-a-half years of a new securities law regime. More >>
NZ goods exports hit an April record
Wednesday, 24 May 2017, 2:49 pm | BusinessDesk
May 24 (BusinessDesk) - New Zealand's merchandise exports rose to their highest ever for an April month as increased dairy prices boosted the value of the country's largest commodity for a seventh consecutive month. More >>
Mixed blessings for Contact Energy from low southern lakes
Wednesday, 24 May 2017, 2:35 pm | BusinessDesk
May 24 (BusinessDesk) - Low inflows of water into the South Island's hydro-electricity storage lakes are expected to knock Contact Energy's earnings in the second half of the current financial year but should boost prices for electricity to residential, ... More >>
Arvida, on expansion drive, more than doubles annual profit
Wednesday, 24 May 2017, 1:43 pm | BusinessDesk
May 24 (BusinessDesk) - Arvida Group, the retirement village company that listed in 2014, more than doubled annual profit as it expanded its offering and benefited from a buoyant property market. More >>
Pacific Edge annual loss widens, US push drives sales boost
Wednesday, 24 May 2017, 1:22 pm | BusinessDesk
May 24 (BusinessDesk) - Pacific Edge widened its annual loss as the cancer diagnostic company's focus on expanding its US footprint drove a 62 percent boost in sales. More >>
AFT Pharmaceuticals reports FY17 loss
Wednesday, 24 May 2017, 12:58 pm | BusinessDesk
May 24 (BusinessDesk) - AFT Pharmaceuticals, which manufactures the Maxigesic painkiller, reported a full-year loss in the year to March 31 but expects to significantly narrow those deficits this year and return to profitability in the 2018/19 period. More >>
Fonterra lifts forecast milk payments for 2017
Wednesday, 24 May 2017, 12:30 pm | BusinessDesk
May 24 (BusinessDesk) - Fonterra Cooperative Group lifted its forecast farmgate payout for this season, and raised its expectations for next season, as the world's largest exporter of dairy products benefits from rising prices. More >>
Tower first-half loss narrows as Canterbury quake bill rises
Wednesday, 24 May 2017, 12:25 pm | BusinessDesk
May 24 (BusinessDesk) - Tower narrowed its first-half loss as its underlying earnings improved, offsetting yet another unexpected increase in the cost of the Canterbury earthquakes six years ago. More >>
NZ dollar drifts from month-high as Trump unveils budget
Wednesday, 24 May 2017, 11:33 am | BusinessDesk
May 24 (BusinessDesk) - The New Zealand dollar drifted off a month-high as US President Donald Trump unveiled plans to cut government spending, easing some nerves about the White House's ability to press ahead with reforms, while domestically Fonterra ... More >>
While you were sleeping: Trump budget relief
Wednesday, 24 May 2017, 10:59 am | BusinessDesk
May 24 (BusinessDesk) - Wall Street moved higher amid initial relief about US Donald Trump’s budget plan. More >>
