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 454]
NZ lamb wool price picks up
Friday, 24 February 2017, 1:30 pm | BusinessDesk
Feb. 24 (BusinessDesk) - New Zealand lamb wool prices picked up as the volume of bales offered for sale at auction declined. More >>
NZME reports little changed FY pro forma net profit
Friday, 24 February 2017, 12:46 pm | BusinessDesk
Feb. 24 (BusinessDesk) - NZME, the New Zealand media group awaiting Commerce Commission approval to acquire Fairfax Media’s local assets, reported a steady full-year pro forma net profit as challenging advertising markets were helped by a strong growth ... More >>
Vista pays bigger-than-expected maiden dividend
Friday, 24 February 2017, 12:44 pm | BusinessDesk
Feb. 24 (BusinessDesk) - Vista Group International will pay a bigger maiden dividend than analysts were picking after the cinema analytics software developer's profit was bolstered by a gain on its Chinese joint venture and as underlying earnings increased ... More >>
Vector first-half profit rises 7% on sales growth
Friday, 24 February 2017, 12:41 pm | BusinessDesk
Feb. 24 (BusinessDesk) - Vector, the Auckland-based electricity and gas distributor, posted a 7 percent gain in first-half profit, driven by stronger sales, lower finance costs and a one-time gain after a Court of Appeal ruling on a tax claim. More >>
Mnuchin says impact of US tax reform will take time
Friday, 24 February 2017, 11:48 am | BusinessDesk
Feb. 24 (BusinessDesk) - The New Zealand dollar rose after new US Treasury Secretary Steven Mnuchin indicated it would take time for fiscal policy reform to impact the US economy, frustrating traders betting on Trump administration stimulus and a stronger ... More >>
MYOB's NZ business delivers 23% gain in revenue in 2016
Friday, 24 February 2017, 8:59 am | BusinessDesk
Feb. 23 (BusinessDesk) - MYOB, the Australian payment software developer, boosted revenue from its New Zealand division by 23 percent in a year when it continued to expand its portfolio with Kiwi acquisitions. More >>
Air New Zealand more upbeat about future
Friday, 24 February 2017, 8:56 am | BusinessDesk
Feb. 23 (BusinessDesk) - Air New Zealand expects revenues to improve over the second half and into the following financial year as competition shows signs of stabilising. More >>
Gentrack sees first-half revenue up 20%
Friday, 24 February 2017, 8:53 am | BusinessDesk
Feb. 23 (BusinessDesk) - Gentrack expects first-half sales to rise about a fifth as a number of projects came on stream in the period, making up for any headwinds from a strong New Zealand dollar. More >>
Govt bows to pressure, adopts 'swimmable' target for rivers
Friday, 24 February 2017, 8:50 am | BusinessDesk
Feb. 23 (BusinessDesk) - The government has made an election year change to its goals for the quality of water in New Zealand's lakes and rivers, moving from a minimum standard of all water bodies being "wadeable" and adopting instead a target of 90 ... More >>
Warehouse to cut a net 130 jobs in organisational shake-up
Friday, 24 February 2017, 8:49 am | BusinessDesk
Feb. 23 (BusinessDesk) - Warehouse Group expects to shed a net 130 jobs, or about 1.1 percent of its workforce, in an effort to save up to $20 million a year after slimming down the structure of its retail model to try to strip out duplication. More >>
Living Cell Technologies reports wider 1H loss
Friday, 24 February 2017, 8:44 am | BusinessDesk
Feb. 22 (BusinessDesk) - Living Cell Technologies, the ASX-listed biotech company with New Zealand-based operations, reported a wider loss in the six months to Dec 31 on increased research and development More >>
SLI first-half loss more than doubles on strong kiwi
Friday, 24 February 2017, 8:37 am | BusinessDesk
Feb. 23 (BusinessDesk) - SLI Systems more than doubled its first-half loss as a strong New Zealand dollar and the loss of three major customers at the end of the 2016 financial year continued to weigh on earnings More >>
NZ dollar gains vs Aussie after weak 4Q business investment
Friday, 24 February 2017, 8:35 am | BusinessDesk
Feb. 23 (BusinessDesk) - The New Zealand dollar rose against the Australian dollar on the back of some weak business investment data across the Tasman and gained against the greenback. More >>
Market Close: Sky TV drops on merger fail
Friday, 24 February 2017, 8:33 am | BusinessDesk
Feb. 23 (BusinessDesk) - New Zealand shares rose, led by Air New Zealand and Spark New Zealand while Sky Network Television fell to its lowest level in almost eight years after its merger with Vodafone was disallowed by the Commerce Commission. More >>
While you were sleeping: Wall St lingers near records
Friday, 24 February 2017, 7:49 am | BusinessDesk
Feb. 24 (BusinessDesk) - Wall Street fluctuated near record highs as investors reassessed valuations, while the US dollar declined. More >>
NZ nappy competition weighs on earnings for Asaleo
Thursday, 23 February 2017, 4:33 pm | BusinessDesk
Feb. 23 (BusinessDesk) - Asaleo Care, the Australian stock exchange-listed maker of household brands such as Libra, Sorbent, Purex and Treasures, posted a 22 percent drop in annual profit with revenue declining as it faced more competition in the ... More >>
Trade Me CEO Macdonald sees scope to improve marketplace
Thursday, 23 February 2017, 4:22 pm | BusinessDesk
Feb. 23 (BusinessDesk) - Trade Me chief executive Jon Macdonald sees more options to improve the online marketplace's retail offering but isn't ready to give the game away with Facebook's rival offering already available and the threat of Amazon still ... More >>
Qantas reports slide in first-half earnings
Thursday, 23 February 2017, 4:10 pm | BusinessDesk
Feb. 23 (BusinessDesk) - Australia's biggest airline Qantas Airways reported a slide in first-half profit but its Jetstar Group, which includes New Zealand domestic and regional as well as Australia outbound flights among others, did better. More >>
Port of Tauranga's Cairns 'relieved' to have revenue growth
Thursday, 23 February 2017, 3:31 pm | BusinessDesk
Feb. 23 (BusinessDesk) - Port of Tauranga chief executive Mark Cairns says he's relieved to see revenue growth as cargo volumes grow at New Zealand's biggest port, after the completion of a five-year, $350 million capital spending programme that ... More >>
UPDATE: Summerset annual earnings rise 50%
Thursday, 23 February 2017, 2:37 pm | BusinessDesk
Feb. 23 (BusinessDesk) - Summerset Group boosted annual earnings 50 percent after opening more retirement villages and improving its margins. More >>
