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BusinessDesk - Latest News [Page 461]

Caldera founder Jim Watson loses cancer battle

Thursday, 16 February 2017, 3:17 pm | BusinessDesk

Feb. 16 (BusinessDesk) - Jim Watson, whose personal battle with prostate cancer led him to co-found Caldera Health, has succumbed to the disease but investors are showing confidence in the company's gene testing technology by converting options ... More >>

Cadbury to close doors on Dunedin factory after 80 years

Thursday, 16 February 2017, 2:26 pm | BusinessDesk

Feb. 16 (BusinessDesk) - Mondelez International, the US company that returned US$1.1 billion to shareholders last year, is to close its Cadbury factory at the end of 2018, moving production to Australia and eliminating 350 jobs to cut costs. More >>

Government ekes out six-month surplus of $9M

Thursday, 16 February 2017, 1:20 pm | BusinessDesk

Feb. 16 (BusinessDesk) - The New Zealand government eked out a tiny surplus in the first six months of the fiscal year as growth in domestic consumption lifted the goods and services tax take, while uncertainties over the Kaikoura earthquake costs ... More >>

Precinct lifts 1H profit 12% on strong occupancy rate

Thursday, 16 February 2017, 1:02 pm | BusinessDesk

Feb. 16 (BusinessDesk) - Precinct Properties New Zealand, the listed commercial property investor, lifted first-half profit 12 percent as its overall occupancy rate rose to 99 percent and demand for its Commercial Bay development remained strong. More >>

Four charged with fraud over $40M loan facility

Thursday, 16 February 2017, 1:01 pm | BusinessDesk

Feb. 16 (BusinessDesk) - Four people have been charged with fraud over a $40 million loan facility obtained from ANZ Bank New Zealand to finance the development of the Waldorf Celestion Apartment Hotel in Auckland, the Serious Fraud Office says. More >>

UPDATE: Spark 1H earnings rise 3.5%

Thursday, 16 February 2017, 12:58 pm | BusinessDesk

Feb. 16 (BusinessDesk) - Spark New Zealand lifted first-half earnings 3.5 percent as the acquisition of Computer Concepts Ltd bolstered revenue from its IT services unit and got an early dividend from its stake in the Southern Cross trans-Pacific ... More >>

Sky TV refuses to delay merger

Thursday, 16 February 2017, 12:43 pm | BusinessDesk

Feb. 16 (BusinessDesk) - Sky Network Television says it won't delay a merger with Vodafone New Zealand to give other telecommunications companies time to appeal it in court if the transaction is approved by the Commerce Commission. More >>

FIRST CUT: Spark 1H earnings rise 3.5%

Thursday, 16 February 2017, 12:04 pm | BusinessDesk

Feb. 16 (BusinessDesk) - Spark New Zealand lifted first-half earnings 3.5 percent as the acquisition of Computer Concepts Ltd bolstered revenue from its IT services unit and got an earlier dividend from its stake in the Southern Cross trans-Pacific ... More >>

NZ dollar gains as US inflation data stokes reflation talk

Thursday, 16 February 2017, 11:44 am | BusinessDesk

Feb. 16 (BusinessDesk) - The New Zealand dollar rose after stronger-than-expected US inflation figures stoked talk of global 'reflation' which will hasten central bank moves to tighten monetary policy. More >>

NZX may lose more listed companies in 2017

Thursday, 16 February 2017, 11:15 am | BusinessDesk

Feb. 15 (BusinessDesk) - The NZX may lose more companies this year as takeovers eat into the ranks of listed firms faster than new businesses elect to go public, says law firm Chapman Tripp. More >>

NZ banks likely to scale bank lending growth in 2017

Thursday, 16 February 2017, 11:13 am | BusinessDesk

Feb. 16 (BusinessDesk) - New Zealand banks are likely to wind back the pace of new lending this year as a margin squeeze caused by higher capital requirements for the big four Australian-owned banks and greater use of more expensive wholesale funding ... More >>

While you were sleeping: US consumer boosts rally

Thursday, 16 February 2017, 7:55 am | BusinessDesk

Feb. 16 (BusinessDesk) - Wall Street moved to fresh record highs after US reports showing a larger-than-expected increase in retail sales while consumer prices rising at the fastest clip in nearly four years underpinned the outlook for growth in the ... More >>

MARKET CLOSE: NZ shares up, Sky TV and Westpac gain

Wednesday, 15 February 2017, 8:37 pm | BusinessDesk

Feb. 15 (BusinessDesk) - New Zealand shares rose, led by Sky Network Television and Westpac Banking Corp, while Tegel Group Holdings and A2 Milk Co dropped. More >>

NZ dollar recovers from Fed's Yellen early rate hike

Wednesday, 15 February 2017, 8:36 pm | BusinessDesk

Feb. 15 (BusinessDesk) - The New Zealand dollar was little changed, recovering from an earlier decline as the country's robust economic outlook trumped heightened expectations for an early US rate hike following comments by Federal Reserve chair Janet Yellen. More >>