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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 500]
Gentrack confirms 3% gain in full-year profit
Thursday, 24 November 2016, 1:41 pm | BusinessDesk
Nov. 24 (BusinessDesk) - Gentrack Group has confirmed a 3 percent gain in full-year profit and bumped up its final dividend as margins widened. The utilities software developer said pretax earnings are expected to grow 10 percent in 2017. More >>
AFT Pharmaceuticals posts $11 mln first-half loss
Thursday, 24 November 2016, 1:20 pm | BusinessDesk
Nov. 24 (BusinessDesk) - AFT Pharmaceuticals, the Auckland-based drug-maker, widened its first-half loss to $11 million from $5.8 million after ramping up research and development and launching over-the-counter products in Australia and Singapore. More >>
Intueri plans to delist from Australian exchange
Thursday, 24 November 2016, 12:15 pm | BusinessDesk
Nov. 24 (BusinessDesk) - Intueri Education Group plans to delist its stock from the Australian Securities Exchange, saying the shares are little traded and the move would reduce costs. More >>
NZ dollar falls as rising US goods orders stoke greenback
Thursday, 24 November 2016, 11:59 am | BusinessDesk
Nov. 24 (BusinessDesk) - The New Zealand dollar fell as measures of US durable goods orders and consumer sentiment rose, stoking sentiment about the US economy and the outlook for US interest rates. More >>
Challenging year ahead on earthquake damage for Foley Wines
Thursday, 24 November 2016, 9:28 am | BusinessDesk
Nov. 23 (BusinessDesk) - Foley Family Wines, which operates through brands including Vavasour and Martinborough Vineyard, has warned investors of a challenging period ahead, partly as a result of the Kaikoura earthquake. More >>
Founder Sam Morgan to leave Trade Me on Dec 15
Thursday, 24 November 2016, 9:23 am | BusinessDesk
Nov. 23 (BusinessDesk) - Founder Sam Morgan is to leave the board of Trade Me, the company he founded and sold in 2006, on Dec 15, the company said today in a statement. More >>
NZ dollar gains, seen range-bound as traders focus on Trump
Thursday, 24 November 2016, 9:15 am | BusinessDesk
Nov. 23 (BusinessDesk) - The New Zealand dollar regained the ground it shed against the greenback overnight and is expected to be relatively range-bound through to the end of 2016 as traders focus on US president-elect Donald Trump and the potential ... More >>
MARKET CLOSE: A2 and Mainfreight hit records
Thursday, 24 November 2016, 9:12 am | BusinessDesk
Nov. 23 (BusinessDesk) - New Zealand shares rose, led by A2 Milk and Mainfreight which both set new records, while Fisher & Paykel Healthcare fell. More >>
While you were sleeping: US dollar strengthens
Thursday, 24 November 2016, 7:40 am | BusinessDesk
Nov. 24 (BusinessDesk) - The US dollar rose to the highest level in more than a decade as the latest economic data bolstered bets for rising interest rates. More >>
Pushpay to buy church-app business
Wednesday, 23 November 2016, 4:47 pm | BusinessDesk
Nov. 23 (BusinessDesk) - Pushpay Holdings, the mobile payments app developer, says it will acquire a church app business from Bluebridge Digital for US$3.1 million, continuing an expansion that saw revenue soar 308 percent in the first half while ... More >>
Insurance Council questions seismic restraint compliance
Wednesday, 23 November 2016, 2:59 pm | BusinessDesk
Nov. 23 (BusinessDesk) - The Insurance Council says buildings in Wellington damaged in the Kaikoura earthquake may not have complied with guidelines for non-structural, seismic restraint such as ceiling support systems. More >>
Abano Healthcare forecasts lift in 1H dividend
Wednesday, 23 November 2016, 2:41 pm | BusinessDesk
Nov. 23 (BusinessDesk) - Abano Healthcare, the Australasian dental centre and radiology operator under a partial takeover offer from dissident shareholders, expects to pay a first-half dividend of between 11 and 16 cents per share. More >>
Arvida doubles 1H profit, expects strong annual result
Wednesday, 23 November 2016, 2:38 pm | BusinessDesk
Nov. 23 (BusinessDesk) - Arvida Group, the retirement village and aged care facilities operator, says it's "on track to deliver a strong FY17 result" after it more than doubled first-half profit. More >>
Zespri to release another 400ha of SunGold kiwifruit
Wednesday, 23 November 2016, 2:34 pm | BusinessDesk
Nov. 23 (BusinessDesk) - The board of kiwifruit marketer Zespri has decided to sell licences for another 400 hectares of the SunGold variety kiwifruit next year and also signalled a further 400 ha would be released in 2018, 2019, and 2020 depending ... More >>
Argosy Property 1H earnings rise 22%
Wednesday, 23 November 2016, 1:50 pm | BusinessDesk
Nov. 23 (BusinessDesk) - Argosy Property, the country's fifth-biggest listed property investor by market value, increased first-half earnings 22 percent as it benefited from the rising value of its portfolio and extra cash from the surrender of a lease ... More >>
Serko confirms 10% gain in first-half sales, loss narrows
Wednesday, 23 November 2016, 12:39 pm | BusinessDesk
Nov. 23 (BusinessDesk) - Serko, the online travel booking company, confirmed a 10 percent gain in first-half sales and narrowed its net loss as costs fell. More >>
NZ dollar slips as greenback's rally seen to be enduring
Wednesday, 23 November 2016, 11:50 am | BusinessDesk
Nov. 23 (BusinessDesk) - The New Zealand dollar fell on expectations the US dollar will extend its post-election rally, which has helped push up US bond yields and propelled US equity markets to record highs. More >>
A2 Milk shares rise 5 percent on latest numbers
Wednesday, 23 November 2016, 9:11 am | BusinessDesk
Nov. 22 (BusinessDesk) - A2 Milk Co shares rose almost 5 percent after the company updated shareholders at its annual meeting in Sydney, with the chief executive saying the board wanted to be clear about its performance. More >>
Silver Fern Farms sale to complete ahead of schedule
Wednesday, 23 November 2016, 9:09 am | BusinessDesk
Nov. 22 (BusinessDesk) - The controversial deal which will see meat processor Silver Fern Farms sell a 50 percent controlling stake to China's Shanghai Maling for $267 million in cash is to completed before the end of the year. More >>
NZ dollar consolidates gains against US, Aus currencies
Wednesday, 23 November 2016, 9:05 am | BusinessDesk
Nov. 22 (BusinessDesk) - The New Zealand dollar gained against its US and Australian counterparts, consolidating above US 70 cents following a run of falling sharply against the greenback. More >>
