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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 468]
Metro Glass shares tumble, weaker-than-expected guidance
Friday, 3 February 2017, 5:02 pm | BusinessDesk
Feb. 3 (BusinessDesk) - Metro Performance Glass shares dropped 17.5 percent after the company said annual profit was likely to be similar or lower than the prior year as costs were higher than expected and local sales were behind expectations on dwindling ... More >>
NZ commodity prices down in January
Friday, 3 February 2017, 4:26 pm | BusinessDesk
Feb. 3 (BusinessDesk) - New Zealand commodity prices dipped in January, with wool and dairy weakness counteracting broad-based gains. More >>
Fulton Hogan, Aurecon to replace three Northland bridges
Friday, 3 February 2017, 3:38 pm | BusinessDesk
Feb. 3 (BusinessDesk) - Civil construction firm Fulton Hogan and engineer Aurecon have won $40.7 million of work to replace three one-way bridges in Northland as part of the government's pledge to improve the region's neglected transport infrastructure. More >>
Auckland average house price firms in January
Friday, 3 February 2017, 1:56 pm | BusinessDesk
Feb. 3 (BusinessDesk) - The average Auckland house price held firm in January, breaking from the traditional dip at the start of a new year, lifted by more sales of higher value properties, according to realtor Barfoot & Thompson. More >>
Hallenstein says first-half profit rose as much as 35%
Friday, 3 February 2017, 1:31 pm | BusinessDesk
Feb. 3 (BusinessDesk) - Hallenstein Glasson Holdings said first-half profit rose about 34 percent after the retailer said it enjoyed a stronger Christmas trading season. More >>
Solid Energy to close Spring Creek mine, no buyers emerged
Friday, 3 February 2017, 1:29 pm | BusinessDesk
Feb. 3 (BusinessDesk) - Solid Energy will shut and seal the Spring Creek mine after failing to find a buyer for the shuttered Dunollie operation on the West Coast. More >>
NZ new vehicle sales rise 16% to reach new record
Friday, 3 February 2017, 12:35 pm | BusinessDesk
Feb. 3 (BusinessDesk) - New Zealand new vehicle sales hit a record in January, signalling no imminent slow down from three straight years of record sales. More >>
Metro Glass warns annual profit may drop
Friday, 3 February 2017, 12:33 pm | BusinessDesk
Feb. 3 (BusinessDesk) - Metro Performance Glass, which has more than half the country's glass processing market, said annual net profit was likely to be similar or even lower than the prior year as local sales lagged behind expectations with dwindling ... More >>
NZX trading volumes slow in January
Friday, 3 February 2017, 12:32 pm | BusinessDesk
Feb. 3 (BusinessDesk) - Cash trading volumes on the NZX slowed in January, continuing December's trend, while the value of trading rose despite fewer small trades. More >>
Intueri to quit Australia after losing subsidies
Friday, 3 February 2017, 12:29 pm | BusinessDesk
Feb. 3 (BusinessDesk) - Intueri Education Group will quit Australia by the end of the year after losing federal government subsidies and is considering bids for some of its assets, saying it was probably in breach of its banking covenants in 2016. More >>
NZ dollar gains vs pound on soft BOE tone
Friday, 3 February 2017, 12:07 pm | BusinessDesk
Feb. 3 (BusinessDesk) - The New Zealand dollar rose against the pound after the Bank of England trimmed its inflation forecasts and gave a less upbeat account of the British economy than traders were expecting. The kiwi extended its slide versus the ... More >>
Veritas sells Nosh for $4m, looks to repay debt to ANZ
Friday, 3 February 2017, 8:28 am | BusinessDesk
Feb. 2 (BusinessDesk) - Veritas Investments has sold its Nosh food supermarkets to Gosh Holding for $3.98 million, with the transaction due to be completed on Feb. 10. More >>
NZ dollar falls vs Aussie as Australia posts record surplas
Friday, 3 February 2017, 8:26 am | BusinessDesk
Feb. 2 (BusinessDesk) - The New Zealand dollar fell against the Aussie dollar after Australia posted a record trade surplus in December, stoking optimism about the outlook for economic growth across the Tasman. More >>
Opus International sinks into the red
Friday, 3 February 2017, 8:24 am | BusinessDesk
Feb. 2 (BusinessDesk) - Opus International Consultants sank into the red as a struggling oil and gas sector weighed on the engineering firm's Canadian business, triggering more impairment charges. More >>
Fletcher and Freightways fall while A2, Veritas gain
Friday, 3 February 2017, 8:22 am | BusinessDesk
Feb. 2 (BusinessDesk) - New Zealand shares fell, with Fletcher Building and Freightways dropping, while A2 Milk Co gained on news a competitor may be taken over at a premium, More >>
While you were sleeping: Wall St limps along
Friday, 3 February 2017, 7:23 am | BusinessDesk
Feb. 3 (BusinessDesk) - Wall Street languished as concern about US President Donald Trump’s protectionist stance weighed on optimism about the outlook for the economy and corporate profits. More >>
PM English dangles $503M crime-busting package
Thursday, 2 February 2017, 4:27 pm | BusinessDesk
Feb. 2 (BusinessDesk) - Prime Minister Bill English has used his state of the nation speech to announce a $503 million boost to justice spending, adding 880 police officers and more staff in rural and regional police stations, as well as more resource for ... More >>
NZ's largest telcos lag field in customer satisfaction
Thursday, 2 February 2017, 1:22 pm | BusinessDesk
Feb. 2 (BusinessDesk) - New Zealand's two largest telecommunications retailers, Spark New Zealand and Vodafone New Zealand, lagged the field for customer satisfaction in the latest telco survey from Consumer NZ. More >>
Briscoe's Duke says full-year profit rose 25%
Thursday, 2 February 2017, 1:18 pm | BusinessDesk
Feb. 2 (BusinessDesk) - Briscoe Group managing director and majority shareholder Rod Duke said profit rose about 25 percent to $59 million in the year ended Jan. 29 as the household and sporting goods retailer resisted discounting to protect its ... More >>
Fonterra's Spierings warns resurgence of nationalism
Thursday, 2 February 2017, 1:17 pm | BusinessDesk
Feb. 2 (BusinessDesk) - Fonterra Cooperative Group, the world's largest dairy exporter, says a resurgence of nationalism and increased protectionism threaten global trade. More >>
