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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 465]
Suncorp's NZ insurance business posts 57% drop
Thursday, 9 February 2017, 4:01 pm | BusinessDesk
Feb. 9 (BusinessDesk) - Suncorp Group's New Zealand insurance units posted a 57 percent decline in first-half profit, mainly reflecting the Kaikoura earthquake and additional 'over-cap' claims from the 2010/11 Canterbury earthquakes. More >>
Wynyard Group and subsidiary placed into liquidation
Thursday, 9 February 2017, 3:44 pm | BusinessDesk
Feb. 9 (BusinessDesk) - Creditors have placed failed crime-fighting software company Wynyard Group into liquidation, the company announced today. More >>
Concerns about lack of affordable Auckland housing
Thursday, 9 February 2017, 3:10 pm | BusinessDesk
Feb. 8 (BusinessDesk) - Housing New Zealand plans to build 4,900 state houses over the next three years, although the number of new state houses will increase by just 722 in that time as it replaces its worn-out housing stock. More >>
AMP financial services posts 2.8% gain
Thursday, 9 February 2017, 2:55 pm | BusinessDesk
Feb. 9 (BusinessDesk) - AMP’s New Zealand financial services, the local unit of the Australian financial services firm, reported a higher underlying operating profit after tax although the parent reported a net loss. More >>
NZ building consents fall 7.2% in December
Thursday, 9 February 2017, 2:44 pm | BusinessDesk
Feb. 9 (BusinessDesk) - New Zealand's residential building consents fell in December, mainly due to a drop in apartment consents. More >>
NZ dollar, swap rates fall after RBNZ statement
Thursday, 9 February 2017, 2:15 pm | BusinessDesk
NZ dollar, swap rates fall as RBNZ statement prompts traders to drop bets on early hike More >>
SkyCity 1H earnings rise 18% on improvement in Auckland
Thursday, 9 February 2017, 2:14 pm | BusinessDesk
Feb. 9 (BusinessDesk) - SkyCity Entertainment Group, New Zealand's only listed casino company, posted an 18 percent lift in first-half profit as improved trading at its key Auckland casino offset a weaker performance from its Australian and high-roller ... More >>
SkyCity 1H earnings rise 18%
Thursday, 9 February 2017, 12:31 pm | BusinessDesk
Feb. 9 (BusinessDesk) - SkyCity Entertainment Group, New Zealand's only listed casino company, posted an 18 percent lift in first-half profit as improved trading at its key Auckland casino offset a weaker performance from its Australian and high-roller ... More >>
Synlait lifts forecast payout to farmer suppliers
Thursday, 9 February 2017, 12:29 pm | BusinessDesk
Feb. 9 (BusinessDesk) - Synlait Milk, the NZX-listed dairy company, increased the forecast payout for its farmer suppliers to $6.25 per kilogram of milk solids for the current season up from a prior forecast of $6/kgMS. More >>
Allied Farmers first-half profit fall
Thursday, 9 February 2017, 12:26 pm | BusinessDesk
Feb. 9 (BusinessDesk) - Rural services firm Allied Farmers said profit fell in its first half because of a decline in calf processing sales. More >>
NZ dollar little changed before RBNZ statement
Thursday, 9 February 2017, 11:42 am | BusinessDesk
Feb. 9 (BusinessDesk) - The New Zealand dollar was little changed, holding just above 73 US cents, ahead of a Reserve Bank statement that may project a higher track for interest rates than the steady-as-she-goes projection it gave three months ago. More >>
While you were sleeping: Caution follows records
Thursday, 9 February 2017, 9:23 am | BusinessDesk
Feb. 9 (BusinessDesk) - US Treasuries advanced, while Wall Street was mixed, as investors weighed the impact of political uncertainty on both sides of the Atlantic on corporate profits. More >>
Joyce cautions potential home buyers
Wednesday, 8 February 2017, 9:11 pm | BusinessDesk
Feb. 8 (BusinessDesk) - Finance Minister Steven Joyce has cautioned potential property buyers from getting too comfortable with New Zealand's historically low interest rates, saying they should consider whether any mortgage debt taken on is still affordable ... More >>
Concerns about lack of affordable Auckland housing
Wednesday, 8 February 2017, 9:08 pm | BusinessDesk
Feb. 8 (BusinessDesk) - Housing New Zealand plans to build 4,900 state houses in Auckland over the next three years, although the number of new state houses will increase by just 722 in that time as it replaces its worn-out housing stock. More >>
UPDATE:Commerce Commission files charges against Bunnings
Wednesday, 8 February 2017, 9:06 pm | BusinessDesk
Feb. 8 (BusinessDesk) - The Commerce Commission has filed 45 charges in the Auckland District Court against Bunnings New Zealand, alleging the building supplies retailer misled consumers by advertising the prices of its goods as being the lowest in the ... More >>
NZ dollar falls ahead of RBNZ rate decision
Wednesday, 8 February 2017, 9:04 pm | BusinessDesk
Feb. 8 (BusinessDesk) - The New Zealand dollar fell ahead of the central bank's interest rate decision tomorrow and as the US dollar gained some traction in Asia. More >>
Infratil says hearings on runway likely delayed to June
Wednesday, 8 February 2017, 9:03 pm | BusinessDesk
Feb. 8 (BusinessDesk) - Infrastructure investor Infratil said a shortage of court space in Wellington due to the November earthquake means hearings on Wellington International Airport's bid to extend the runway to make room for long-haul flights will likely ... More >>
NZ shares fall; Metro Glass, Fletcher decline, SkyCity gains
Wednesday, 8 February 2017, 9:01 pm | BusinessDesk
Feb. 8 (BusinessDesk) - New Zealand shares fell ahead of earnings season which begins tomorrow, with Metro Performance Glass and Fletcher Building down while SkyCity Entertainment Group and Scales Corp rose. More >>
Shareholders told to put off decisions on Spark bid
Wednesday, 8 February 2017, 5:02 pm | BusinessDesk
Feb. 8 (BusinessDesk) - TeamTalk says a proposed $22.7 million takeover offer from Spark New Zealand is hostile, highly conditional and recommended shareholders take no action pending further communication from the board. More >>
Joyce seeks cost-benefit on debt-to-income lending rules
Wednesday, 8 February 2017, 4:41 pm | BusinessDesk
Feb. 8 (BusinessDesk) - Finance Minister Steven Joyce wants a full cost-benefit analysis on proposed debt-to-income home lending limits and public consultation will be conducted by the Reserve Bank before any decision is made on the potential use of the additional ... More >>
