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 463]
Commercial Factors chases Blue Chip liquidator Meltzer Mason
Tuesday, 14 February 2017, 9:02 am | BusinessDesk
Feb. 13 (BusinessDesk) - Debt factoring firm and financier Commercial Factors is chasing Blue Chip liquidator Meltzer Mason over an unpaid bill from the aborted litigation against the failed property investment group’s former directors and auditors. More >>
Higher dividends in prospect as Contact debt ratio falls
Tuesday, 14 February 2017, 8:57 am | BusinessDesk
Feb. 13 (BusinessDesk) - Contact Energy shareholders can expect an increase in annual dividend policy later in the current financial year as the electricity producer and retailer's debt levels fall to within its target ratio against operating earnings. More >>
New Zealand dollar rises from 4-month low vs Aussie
Tuesday, 14 February 2017, 8:55 am | BusinessDesk
Feb. 13 (BusinessDesk) - The New Zealand dollar bounced from a four-month low against the Australian dollar as some investors found the levels attractive after a sharp sell-off last week. More >>
MARKET CLOSE: NZ shares rise, Fletcher, Contact gain
Tuesday, 14 February 2017, 8:49 am | BusinessDesk
Feb. 13 (BusinessDesk) - New Zealand shares rose as Contact Energy posted stronger first-half earnings, and Fletcher Building, A2 Milk Co gained, while Vista Group International and Comvita fell. More >>
While you were sleeping: Wall St hits fresh records
Tuesday, 14 February 2017, 7:51 am | BusinessDesk
Feb. 14 (BusinessDesk) - Equities rose on both sides of the Atlantic, with Wall Street climbing to record highs amid ongoing optimism that US President Donald Trump’s tax plans will add to bolstering an upswing in corporate profits. More >>
Manawatu council mismanaging water consents, court told
Monday, 13 February 2017, 5:35 pm | BusinessDesk
Feb. 13 (BusinessDesk) - The Environment Court is being asked to step in over the Manawatu-Whanganui regional council's management of fresh water, which opponents say contravenes the Resource Management Act and its own plan, and doesn't properly ... More >>
High Court affirms Auckland unitary plan panel's assessments
Monday, 13 February 2017, 4:25 pm | BusinessDesk
Feb. 13 (BusinessDesk) - The independent hearings panel that provided the foundation of Auckland's unitary plan did not operate outside its remit, the High Court has found in a decision that gives guidance for further appeals to the Environment Court. More >>
Lyttleton Port Co and Maritime Union reach agreement
Monday, 13 February 2017, 3:30 pm | BusinessDesk
Feb. 13 (BusinessDesk) - Representatives from Lyttleton Port Co and the Maritime Union of New Zealand reached an agreement in principle and all strike notices have been lifted. More >>
JB Hi-Fi's NZ 1H earnings slump on margin squeeze
Monday, 13 February 2017, 3:01 pm | BusinessDesk
Feb. 13 (BusinessDesk) - ASX-listed discount electronics good retailer JB Hi-Fi's management is keeping an eye on the New Zealand business after first-half earnings halved on this side of the Tasman as rising costs eroded the firm's margins. More >>
NZ plastic card spending jumps in January
Monday, 13 February 2017, 2:22 pm | BusinessDesk
Feb. 13 (BusinessDesk) - New Zealanders ramped up spending on plastic cards in January after a more subdued end to 2016 and continued to lean more heavily on their credit cards. More >>
Property For Industry reports record FY profit
Monday, 13 February 2017, 1:13 pm | BusinessDesk
Feb. 13 (BusinessDesk) - Property For Industry, the industrial property investor, reported a record full year profit on higher revenues and lower costs and remained upbeat about the current financial year. More >>
Contact lifts first-half underlying profit by 12%
Monday, 13 February 2017, 12:12 pm | BusinessDesk
Feb. 13 (BusinessDesk) - Contact Energy posted a 12 percent gain in first-half underlying profit while holding its dividend unchanged and trimming capital expenditure in the face of weaker sales. More >>
NZ dollar falls to 4-month low vs Aussie
Monday, 13 February 2017, 11:10 am | BusinessDesk
Feb. 13 (BusinessDesk) - The New Zealand dollar fell to its lowest level in almost four months against the Australian dollar, which is benefitting from stronger prices of metals and iron ore, and an upbeat view of the Australian economy from its central ... More >>
World Week Ahead: Yellen testifies
Monday, 13 February 2017, 9:51 am | BusinessDesk
Feb. 13 (BusinessDesk) - Investors will eye US Federal Reserve Chair Janet Yellen's semi-annual testimony to Congress days after President Donald Trump’s promises on taxes sent Wall Street to fresh record highs. More >>
NZ lamb wool weakens further at auction
Friday, 10 February 2017, 10:39 pm | BusinessDesk
Feb. 10 (BusinessDesk) - New Zealand lamb wool prices continued to decline at this week's auction amid lacklustre demand during the peak production period. More >>
MARKET CLOSE: NZ shares down, Chorus and Vector fall
Friday, 10 February 2017, 10:38 pm | BusinessDesk
Feb. 10 (BusinessDesk) - New Zealand shares dropped, led lower by Chorus and Vector on regulation news, while A2 Milk Co and Trilogy gained. More >>
Trustpower sees small gain for 2017 earnings
Friday, 10 February 2017, 10:37 pm | BusinessDesk
Feb. 10 (BusinessDesk) - Trustpower says 2017 earnings will be a slight improvement on the previous year when it reported a 38 percent fall in annual profit to $90 million. More >>
New Zealand dollar heads for 1.7% weekly fall
Friday, 10 February 2017, 10:36 pm | BusinessDesk
New Zealand dollar heads for 1.7% weekly fall as RBNZ talks down early rate hikes More >>
Could Wheeler be last RBNZ governor to call the shots alone?
Friday, 10 February 2017, 10:35 pm | BusinessDesk
Feb. 10 (BusinessDesk) - Departing Reserve Bank governor Graeme Wheeler could be the last to have sole decision-making authority on monetary policy as opposition MPs call for a move to a board decision model such as Australia uses and seek an ... More >>
Bike Barn fined $800k over misleading ads
Friday, 10 February 2017, 10:34 pm | BusinessDesk
Feb. 10 (BusinessDesk) - Bike Retail Group and Bikes International, the joint operators of the Bike Barn cycle retailer in New Zealand, have been fined $800,000 in the Auckland District Court today for running an advertising campaign that misled consumers in ... More >>
