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 498]
Trilogy lifts 1H profit 10%
Tuesday, 29 November 2016, 1:15 pm | BusinessDesk
Nov. 29 (BusinessDesk) - Trilogy International, the skincare and home fragrance company, lifted first-half profit 10 percent and reiterated its earnings guidance for the full year. More >>
NZ dollar little changed after pushing above 71 US cents
Tuesday, 29 November 2016, 12:16 pm | BusinessDesk
Nov. 29 (BusinessDesk) - The New Zealand dollar was little changed, having earlier risen above 71 US cents as crude oil led gains in commodity prices. More >>
Augusta Capital files High Court action
Tuesday, 29 November 2016, 9:04 am | BusinessDesk
Nov. 28 (BusinessDesk) - Augusta Capital has filed High Court proceedings seeking orders requiring listed property investor NPT to call a meeting of shareholders to discuss its hostile bid. More >>
Appellants to have their say on Auckland's Unitary Plan
Tuesday, 29 November 2016, 8:56 am | BusinessDesk
Nov. 28 (BusinessDesk) - Auckland’s new development blueprint, the proposed Unitary Plan, has come under scrutiny at the opening of a High Court hearing where several appellants argue errors of law were made in its development. More >>
Green Cross Health operating profits stall
Tuesday, 29 November 2016, 8:50 am | BusinessDesk
Nov. 28 (BusinessDesk) - Green Cross Health, the listed medical services provider, saw its first-half operating profit stall despite a large one-off gain which boosted its statutory net profit 24 percent. More >>
Smartpay warns on Aussie taxi market
Tuesday, 29 November 2016, 8:48 am | BusinessDesk
Nov. 28 (BusinessDesk) - Smartpay Holdings, the listed payment terminal supplier, has warned it is experiencing a decline in both existing and anticipated growth in the Australian taxi market due to the continual disruption of the industry. More >>
Early estimate puts Kaikoura Quake insured losses at US$3.5B
Tuesday, 29 November 2016, 8:46 am | BusinessDesk
Nov. 28 (BusinessDesk) - The insured losses from the Kaikoura earthquake could run to US$3.5 billion, with at least half of that incurred in Wellington and up to 30 percent in Canterbury, according to an early estimate by a US-based catastrophe modelling ... More >>
Zespri shares up 10% on SunGold licencing announcement
Tuesday, 29 November 2016, 8:38 am | BusinessDesk
Nov. 28 (BusinessDesk) - Zespri shares have jumped 10 percent in response to the kiwifruit marketer's announcement that it will sell licences for another 400 hectares of the SunGold variety next year, with a further 400ha to be released in 2018, 2019 ... More >>
KiwiRail seeks backload for new coastal service
Tuesday, 29 November 2016, 8:37 am | BusinessDesk
Nov. 28 (BusinessDesk) - KiwiRail has announced a workaround for rail lines severed by the Kaikoura earthquake - a coastal shipping service from Auckland to Christchurch. More >>
NZ dollar gains as US dollar index dips from 16-year high
Tuesday, 29 November 2016, 8:35 am | BusinessDesk
Nov. 28 (BusinessDesk) - The New Zealand dollar gained as the greenback slipped from a 16-year high and the yield on US Treasuries fell on perceptions the market had driven the Donald Trump-led US growth story too hard based on the policies he promised ... More >>
Orion Health drops while SkyTV, Contact gain
Tuesday, 29 November 2016, 8:31 am | BusinessDesk
Nov. 28 (BusinessDesk) - New Zealand shares were mixed as Orion Health Group plunged following its first half results, while Sky Network Television and Contact Energy gained. More >>
While you were sleeping: Wall St slips from record
Tuesday, 29 November 2016, 7:55 am | BusinessDesk
Nov. 29 (BusinessDesk) - Wall Street fell from record highs, while Treasuries rose, as investors locked in some profits from the post-US-election rally. More >>
OceanaGold to delist from NZX to trim compliance costs
Monday, 28 November 2016, 4:11 pm | BusinessDesk
Nov. 28 (BusinessDesk) - OceanaGold Corp, owner of New Zealand's biggest gold mine at Macraes, is to delist from the NZX at the end of the year to reduce compliance costs, leaving its shares to trade on the ASX and the Toronto Stock Exchange. More >>
Orion Health first-half loss narrows as sales rise
Monday, 28 November 2016, 2:20 pm | BusinessDesk
Nov. 28 (BusinessDesk) - Orion Health, the health software developer that gets two-thirds of its income in US dollars, narrowed its first-half loss after boosting sales of perpetual licences in North America and cutting operating costs such as administration, ... More >>
NZME declines Adshel NZ buyout option
Monday, 28 November 2016, 2:17 pm | BusinessDesk
Nov. 28 (BusinessDesk) - Auckland-based publisher NZME has turned down an option to buy the New Zealand arm of Australasian bus shelter advertising business Adshel. More >>
NZX seeks feedback on proposed changes to participant rules
Monday, 28 November 2016, 1:28 pm | BusinessDesk
Nov. 28 (BusinessDesk) - NZX, the stock market operator, is seeking feedback on plans to tweak rules for market participants such as brokers and advisers. More >>
NZ dollar little changed as financial stability report
Monday, 28 November 2016, 12:19 pm | BusinessDesk
Nov. 28 (BusinessDesk) - The New Zealand dollar was little changed ahead of the Reserve Bank's financial stability report and testimony from Reserve Bank governor Graeme Wheeler on Wednesday and US labour market figures at the end of the week. More >>
NZ's media already very concentrated, lacks diversity
Monday, 28 November 2016, 10:28 am | BusinessDesk
Nov. 25 (BusinessDesk) - New Zealand's news media is already more concentrated in its ownership than many comparable countries even before the proposed merger between NZME and Fairfax's New Zealand news assets, says a paper commissioned by the Commerce ... More >>
World Week Ahead: US jobs, rate outlook
Monday, 28 November 2016, 10:26 am | BusinessDesk
Nov. 28 (BusinessDesk) - The latest US jobs data, an OPEC meeting as well as two speeches by European Central Bank President Mario Draghi will draw the attention of investors in the coming days. More >>
MARKET CLOSE: NZX 50 rises to 3-week high
Friday, 25 November 2016, 9:26 pm | BusinessDesk
MARKET CLOSE: NZX 50 rises to 3-week high, led by Fletcher, Air NZ, Spark More >>
