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 456]
Coca Cola Amatil's NZ business boosts earnings in 2016
Thursday, 23 February 2017, 8:47 am | BusinessDesk
Feb. 22 (BusinessDesk) - Coca-Cola Amatil's New Zealand business generated bigger annual earnings in 2016 as the local bottler of Coke-branded drinks ramped up sales volumes with skinnier margins as part of a strategy launched three years ago. More >>
While you were sleeping: DuPont, Unilever rally
Thursday, 23 February 2017, 7:37 am | BusinessDesk
Feb. 23 (BusinessDesk) - Wall Street was mixed, with a rally in shares of DuPont lifting the Dow to a fresh record high, while a decline in oil weighed on energy stocks. More >>
A2 CEO, chair sell down holdings following strong first-half
Wednesday, 22 February 2017, 5:06 pm | BusinessDesk
Feb. 22 (BusinessDesk) - A2 Milk Co's chief executive and chair have sold down their stakes in the milk marketing firm, less than a week after reporting first-half profit more than tripled as demand for its A2 Platinum infant formula surged in its key ... More >>
TVNZ posts 6.2% decline in first-half earnings
Wednesday, 22 February 2017, 4:50 pm | BusinessDesk
Feb. 22 (BusinessDesk) - Television New Zealand posted a 6.2 percent decline in first-half earnings as advertising revenue fell faster than operating costs, which the state-owned broadcaster said was a creditable performance in a declining TV market. More >>
A rising tide of protectionism could hit NZ dairy sector
Wednesday, 22 February 2017, 4:09 pm | BusinessDesk
Feb. 22 (BusinessDesk) - New Zealand's economy would be hard hit if there is a retreat to protectionism in the global dairy sector, a report from the New Zealand Institute of Economic Research has found. More >>
Vocus NZ earnings soar with CallPlus acquisition
Wednesday, 22 February 2017, 4:00 pm | BusinessDesk
Feb. 22 (BusinessDesk) - Vocus Communications' New Zealand earnings soared in the latter half of 2016 as the ASX-listed telecommunications company benefited from the addition of CallPlus when it merged with M2 Group, and it is targeting bundled power ... More >>
IAG's NZ profit rises in 1H
Wednesday, 22 February 2017, 3:45 pm | BusinessDesk
IAG's NZ profit rises in 1H, warns $117M Kaikoura quake cost puts acid on risk pricing More >>
Countdown 1H earnings fall as loyalty, quake costs mount
Wednesday, 22 February 2017, 3:30 pm | BusinessDesk
Feb. 22 (BusinessDesk) - The Countdown supermarket chain posted a 4.5 percent drop in first-half earnings due to a strategy of investing in team hours, costs of a new loyalty alliance with AA Smartfuel and uninsured losses related to the November earthquake. More >>
UPDATE: Fletcher shares drop
Wednesday, 22 February 2017, 2:47 pm | BusinessDesk
Feb. 22 (BusinessDesk) - Fletcher Building shares fell after the company posted a 2 percent gain in first-half profit that included unexpectedly weak earnings from its construction division, especially given its $2.7 billion backlog of work. More >>
Fairfax NZ's 1H revenues and earnings down
Wednesday, 22 February 2017, 2:35 pm | BusinessDesk
Feb. 22 (BusinessDesk) - Sydney-based publisher Fairfax Media says its New Zealand unit's revenue and earnings fell in the first half on the back of ongoing weakness in print advertising revenue. More >>
UPDATE: Ebos boosts first-half profit 7.2%
Wednesday, 22 February 2017, 2:30 pm | BusinessDesk
Feb. 22 (BusinessDesk) - Ebos Group's recent acquisitions helped the pharmaceutical and animal health products maker lift first-half profit 7.2 percent and fatten its dividend to shareholders, while also bolstering the outlook for annual earnings. More >>
Offshore income closing on 10% of Meridian's total
Wednesday, 22 February 2017, 2:11 pm | BusinessDesk
Feb. 22 (BusinessDesk) - Meridian Energy's revenues from offshore activities are closing in on 10 percent of total income, with political uncertainty in Australia about the use of renewable energy offering both opportunities and risks for the Wellington-based ... More >>
Rakon director Peter Maire resigns
Wednesday, 22 February 2017, 1:47 pm | BusinessDesk
Feb. 22 (BusinessDesk) - Rakon director Peter Maire has resigned after 16 years at the company, with the board expecting to appoint new directors in the next few weeks. More >>
Xero hires Susan Peterson as independent director
Wednesday, 22 February 2017, 1:43 pm | BusinessDesk
Feb. 22 (BusinessDesk) - Xero has appointed former banking executive Susan Peterson to its board as the accounting software developer beefs up its skillset while delving deeper into the broader financial services. More >>
Sky TV 1H profit falls 32% as programme costs rise
Wednesday, 22 February 2017, 12:34 pm | BusinessDesk
Feb. 22 (BusinessDesk) - Sky Network Television, which is awaiting a decision from the Commerce Commission on a proposed merger with Vodafone New Zealand, posted a 32 percent drop in first-half profit as content costs increased, and revenue and ... More >>
FIRST CUT: Fletcher 1H profit rises 2%
Wednesday, 22 February 2017, 12:28 pm | BusinessDesk
Feb. 22 (BusinessDesk) - Fletcher Building posted a 2 percent gain in first-half profit, missing some estimates, after taking a charge against a construction project and costs to close sites. More >>
UPDATE: Suncorp builds 11% stake in Tower
Wednesday, 22 February 2017, 12:26 pm | BusinessDesk
Feb. 22 (BusinessDesk) - ASX-listed insurer Suncorp Group has built an 11 percent stake in Tower and put forward a rival takeover offer for the NZX-listed general insurer. More >>
FIRST CUT: Ebos boosts first-half profit 7.2%
Wednesday, 22 February 2017, 12:04 pm | BusinessDesk
Feb. 22 (BusinessDesk) - Ebos Group's recent acquisitions helped the pharmaceutical and animal health products maker lift first-half profit 7.2 percent and fatten its dividend to shareholders, while also bolstering the outlook for annual earnings. More >>
Meridian Energy lifts first-half operating earnings 6%
Wednesday, 22 February 2017, 11:55 am | BusinessDesk
Feb. 22 (BusinessDesk) - A strengthening performance in its Australian business and less dry period insurance thanks to a wet spring and mild winter saw Meridian Energy record a 6 percent lift in operating earnings for the six months to Dec. 1, allowing ... More >>
NZ dollar little changed as dairy prices fall
Wednesday, 22 February 2017, 11:40 am | BusinessDesk
Feb. 22 (BusinessDesk) - The New Zealand dollar was little changed, retracing an earlier decline, after dairy prices fell as expected and comments by Federal Reserve officials kept alive the possibility of a US rate hike as soon as next month. More >>
