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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 499]
NZ dollar falls vs Aussie
Friday, 25 November 2016, 9:25 pm | BusinessDesk
Nov. 25 (BusinessDesk) - The New Zealand dollar fell against its Australian counterpart as surging prices for iron ore and other hard commodities overshadowed the recovery in dairy prices. More >>
SBS Bank boosts half-year net surplus on new branding
Friday, 25 November 2016, 9:23 pm | BusinessDesk
Nov. 25 (BusinessDesk) - SBS Bank has reported an increased half-year net surplus of $14.6 million after stepping up its marketing activity after refreshing its brand a year ago and increasing its presence through mobile mortgage managers. More >>
Air NZ seeks to be heard on Wellington runway extension
Friday, 25 November 2016, 5:30 pm | BusinessDesk
Air NZ seeks to be heard on 'no customers, no business case' Wellington runway extension More >>
Global trust in sustainable agriculture NZ's big opportunity
Friday, 25 November 2016, 4:33 pm | BusinessDesk
Nov. 25 (BusinessDesk) - The biggest value creation opportunity for New Zealand’s agricultural sector is to be seen as a globally trusted source of sustainably produced products, says a new Rabobank report on the sector. More >>
Bapcor offer 'compelling', Hellaby overstating prospects
Friday, 25 November 2016, 3:53 pm | BusinessDesk
Nov. 25 (BusinessDesk) - Bapcor's offer for Hellaby Holdings is "compelling" and in trying to fend off the approach, the diversified investor has overstated its prospects and its independent valuation has omitted some costs, says Hellaby's biggest shareholder, ... More >>
The Warehouse warns goodwill impairment highly likely
Friday, 25 November 2016, 3:51 pm | BusinessDesk
Nov. 25 (BusinessDesk) - The board of The Warehouse Group has told shareholders that an impairment of goodwill in its financial services business is “highly likely” after a weaker-than-expected first quarter trading in the new division. More >>
NZ trade deficit narrows in October
Friday, 25 November 2016, 3:08 pm | BusinessDesk
Nov. 25 (BusinessDesk) - New Zealand's monthly trade deficit narrowed in October as an improving global dairy market buoyed exports of dairy products. More >>
Turners Group lifts first-half profit 15%
Friday, 25 November 2016, 1:35 pm | BusinessDesk
Nov. 25 (BusinessDesk) - Turners Group, the financial services firm focused on the automotive sector, posted a 15 percent gain in first-half profit and said all its businesses were expected to lift earnings in the full year. More >>
Suncorp NZ can't yet say if premiums will rise further
Friday, 25 November 2016, 12:26 pm | BusinessDesk
Nov. 25 (BusinessDesk) - Suncorp Group's New Zealand arm, which has been raising premiums for general insurance, auto and residential insurance, can't yet say whether premiums will rise further as a result of the Kaikoura earthquake. More >>
NZ dollar little changed below 70 US cents
Friday, 25 November 2016, 12:23 pm | BusinessDesk
Nov. 25 (BusinessDesk) - The New Zealand dollar was little changed below 70 US cents, as the US Thanksgiving holiday left markets subdued, and may fall in the face of continued US dollar strength. More >>
Wherescape takes top prize in International Business awards
Friday, 25 November 2016, 12:17 pm | BusinessDesk
Nov. 25 (BusinessDesk) - Data warehousing company Wherescape was the supreme winner in the 2016 New Zealand International Business Awards with judges impressed by its ability to turn big data into big business. More >>
Reserve Bank delays bank disclosure reforms
Friday, 25 November 2016, 11:15 am | BusinessDesk
Nov. 24 (BusinessDesk) - The Reserve Bank of New Zealand has extended for two weeks its deadline for feedback on a proposed new Dashboard approach for banks’ financial disclosure aimed at making it easier for retail investors to compare how sound the ... More >>
UniServices sets up innovation institute in China
Friday, 25 November 2016, 10:42 am | BusinessDesk
Nov. 24 (BusinessDesk) - Auckland UniServices, the commercial arm of the University of Auckland, has set up an innovation institute in the Chinese city of Hangzhou, capital of Zhejiang province, to further develop commercial opportunities for its ... More >>
Hellaby shares trade below takeover price
Friday, 25 November 2016, 10:04 am | BusinessDesk
Nov. 24 (BusinessDesk) - The war of words between Australian autoparts company Bapcor and its takeover target, Hellaby Holdings, is continuing, with Hellaby's independent chairman writing to shareholders accusing it of attempting to discredit the independent ... More >>
NZ shares gain as beat-up market draws bargain hunters
Friday, 25 November 2016, 8:50 am | BusinessDesk
Nov. 24 (BusinessDesk) - New Zealand shares rose, led by Tower, Chorus and A2 Milk, as the benchmark index's 14 percent slide from its early September highs drew some investors back to the market. More >>
NZ dollar drops to 5-month low against greenback
Friday, 25 November 2016, 8:49 am | BusinessDesk
Nov. 24 (BusinessDesk) - The New Zealand dollar fell to a five-month low against the US dollar as the greenback continues to surge on expectations of higher interest rates and inflation in the world's largest economy. More >>
Pacific Edge first-half loss widens on push for US growth
Friday, 25 November 2016, 8:47 am | BusinessDesk
Nov. 24 (BusinessDesk) - Pacific Edge reported a wider first-half loss as the bladder cancer test company hired more salespeople in the US and spent more on research, sales & marketing. More >>
While you were sleeping: ECB warns of reversal
Friday, 25 November 2016, 7:56 am | BusinessDesk
Nov. 25 (BusinessDesk) - The European Central Bank warned that “the potential for an abrupt reversal remains significant” on financial markets in its twice-yearly Financial Stability Review. More >>
Moa narrows first-half loss, eyes new tie-ups
Thursday, 24 November 2016, 3:18 pm | BusinessDesk
Nov. 24 (BusinessDesk) - Moa Group narrowed its first-half loss after lifting sales while trimming costs, and said it expects to continue driving revenue growth while holding expenses at bay. More >>
Augusta Capital first-half profit falls 28% on higher tax
Thursday, 24 November 2016, 2:45 pm | BusinessDesk
Nov. 24 (BusinessDesk) - Augusta Capital posted a 28 percent drop in first-half profit as the listed property investor and fund manager paid more tax, faced higher costs due to the sale of its Auckland Finance Centre, and wrote down the value of ... More >>
