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BusinessDesk - Latest News [Page 497]

Sealegs margin boost counters soft Australia, Europe sales

Wednesday, 30 November 2016, 2:06 pm | BusinessDesk

Nov. 29 (BusinessDesk) - Sealegs, the amphibious vehicle maker, says increased margins have helped counter soft sales in Australia and Europe. More >>

Auckland market still at risk of correction, RBNZ says

Wednesday, 30 November 2016, 1:20 pm | BusinessDesk

Nov. 30 (BusinessDesk) - House price inflation in Auckland has softened in recent months but the market is still at risk of a "significant" correction, the Reserve Bank says in its six-monthly financial stability report. More >>

NZ dollar gains as greenback extends slide

Wednesday, 30 November 2016, 11:43 am | BusinessDesk

Nov. 30 (BusinessDesk) - The New Zealand dollar rose to a two-week high as the US dollar index extended its slide from the highest levels in 16 years and traders awaited the release of the Reserve Bank's stability report. More >>

Government helps wine industry fix storage tank damage

Wednesday, 30 November 2016, 9:31 am | BusinessDesk

Nov. 29 (BusinessDesk) - Officials from the Ministry of Business, Innovation and Employment and the Ministry for Primary Industries are working with New Zealand Winegrowers to resolve quake damage to wine storage tanks in the Marlborough region that is threatening ... More >>

While you were sleeping: Oil slides on stalemate

Wednesday, 30 November 2016, 7:55 am | BusinessDesk

Nov. 30 (BusinessDesk) - Energy stocks fell with oil prices amid a stalemate about an agreement to cut production by the world’s biggest producers. More >>

ComCom way outside its remit in merger rejection

Tuesday, 29 November 2016, 10:41 pm | BusinessDesk

Nov. 29 (BusinessDesk) - The Commerce Commission has strayed far beyond its governing legislation by making what amount to "social policy" judgments in its draft rejection of the proposed merger between New Zealand's two largest news publishers, NZME and ... More >>

NZ shares mixed, Orion Health, Tower lead index lower

Tuesday, 29 November 2016, 10:38 pm | BusinessDesk

Nov. 29 (BusinessDesk) - New Zealand shares were mixed with Orion Health Group and Tower dragging the index lower on their first-half earnings. More >>

NZ dollar little changed against greenback

Tuesday, 29 November 2016, 8:10 pm | BusinessDesk

Nov. 29 (BusinessDesk) - The New Zealand dollar was little changed against the US dollar, with attempts to rally on Wednesday quickly snuffed out by a risk-off attitude in Asia. More >>

Rangatira Investments operating profit rises

Tuesday, 29 November 2016, 8:09 pm | BusinessDesk

Nov. 29 (BusinessDesk) - Rangatira Investments, which owns stakes in small and medium-size businesses including the Hellers smallgoods maker, the Tuatara brewery and the Rainbow's End theme park, says operating profit for the six months ended Sept. 30 rose 29 percent ... More >>

Food supplement firm Oceania Natural makes first-half loss

Tuesday, 29 November 2016, 8:03 pm | BusinessDesk

Nov. 29 (BusinessDesk) - NXT-listed Oceania Natural, the food supplement firm, has reported a first-half loss after softer sales while it focused on building new direct channels in China. More >>

China Southern Airlines to fly daily to Christchurch

Tuesday, 29 November 2016, 8:01 pm | BusinessDesk

Nov. 29 (BusinessDesk) - China Southern Airlines is to ramp up its flights between Guangzhou and Christchurch over the summer, with flights stepping up to five times per week, from three times, and then daily for just over a month between Jan 15 and ... More >>

Synlait to spend $305 million on capex to support growth

Tuesday, 29 November 2016, 7:57 pm | BusinessDesk

Nov. 29 (BusinessDesk) - South Island milk processor Synlait Milk has said it will spend a further $305 million on a capital expansion programme over the next three years including investing in a second site which should be identified by the end ... More >>

Eroad turns to 1H loss despite revenue rise

Tuesday, 29 November 2016, 7:54 pm | BusinessDesk

Nov. 29 (BusinessDesk) - ERoad, the logistics and fleet management company, turned to a first-half loss even as revenue rose. More >>

NZ Windfarms looks to maiden dividend

Tuesday, 29 November 2016, 5:32 pm | BusinessDesk

Nov. 29 (BusinessDesk) - The revitalised board of struggling electricity producer New Zealand Windfarms is exploring ways to pay a maiden interim dividend in the current financial year, the new chairman Rodger Kerr-Newell told shareholders at the annual ... More >>

Tower pours Canterbury quake claims into 'bad bank'

Tuesday, 29 November 2016, 5:27 pm | BusinessDesk

Nov. 29 (BusinessDesk) - Tower said it will separate its liabilities and receivables from the Canterbury earthquakes into a separate 'bad bank' structure and "aggressively pursue" recoveries from the EQC and reinsurer Peak Re that amount to about $101 ... More >>

Building boom powers Bunnings NZ bumper annual profit

Tuesday, 29 November 2016, 4:36 pm | BusinessDesk

Nov. 29 (BusinessDesk) - Bunnings, the home improvements product chain owned by Australian Wesfarmers, has more than doubled annual net profit in New Zealand for the second year in a row as it benefits from a construction boom stimulating demand for building, ... More >>