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BusinessDesk - Latest News [Page 511]

Westpac NZ comfortable with mortgage book quality

Tuesday, 8 November 2016, 8:58 am | BusinessDesk

Nov. 7 (BusinessDesk) - Westpac Banking Corp's New Zealand chief executive David McLean is comfortable with the quality of his $45.1 billion mortgage book, saying it would take an extreme downturn to kick off major losses. More >>

While you were sleeping: Clinton lead boosts stocks

Tuesday, 8 November 2016, 7:32 am | BusinessDesk

Nov. 8 (BusinessDesk) - Equities on both sides of the Atlantic jumped after polls indicated Democratic candidate Hillary Clinton is on track to clinch the US presidential election. More >>

Fidelity Life lifts annual profit 43%

Monday, 7 November 2016, 8:54 pm | BusinessDesk

Nov. 7 (BusinessDesk) - Fidelity Life Assurance, the country's third-biggest life insurer, lifted annual profit 43 percent as it grabbed market share and benefited from the sale of a superannuation fund it managed. More >>

MARKET CLOSE: NZ shares bounce

Monday, 7 November 2016, 8:52 pm | BusinessDesk

Nov. 7 (BusinessDesk) - New Zealand shares bounced off a four-month low, led upwards by Metro Performance Glass, A2 Milk Co and Z Energy, as part of an Asian market rally. More >>

NZ shares jump 1.9% after FBI clears Clinton

Monday, 7 November 2016, 5:28 pm | BusinessDesk

Nov. 7 (BusinessDesk) - New Zealand shares jumped 1.9 percent in a global rally following the US Federal Bureau of Investigation confirming no criminal charges are warranted against Democratic presidential candidate Hillary Clinton. More >>

Trade Me puts in $670k to keep Harmoney stake at 14.4%

Monday, 7 November 2016, 4:49 pm | BusinessDesk

Nov. 7 (BusinessDesk) - Online auction site Trade Me has bought $670,000 of shares in peer-to-peer lender Harmoney Corp to keep its stake at 14.4 percent. More >>

Westpac NZ annual earnings fall 4% as margins squeezed

Monday, 7 November 2016, 2:37 pm | BusinessDesk

Nov. 7 (BusinessDesk) - Westpac Banking Corp's New Zealand division posted a 4 percent fall in annual earnings as lenders give up margin in the hunt for mortgage customers. More >>

Stats NZ revises up third-quarter inflation

Monday, 7 November 2016, 2:35 pm | BusinessDesk

Nov. 7 (BusinessDesk) - New Zealand's consumer prices rose at a faster pace than reported in the September quarter, with Statistics New Zealand discovering it mucked up the way it calculated Accident Compensation Corp's motor vehicle licensing fees ... More >>

Tilt Renewables lifts interim profit 1.7% in first report

Monday, 7 November 2016, 2:26 pm | BusinessDesk

Nov. 7 (BusinessDesk) - Tilt Renewables, which split from Trustpower last month and operates wind and solar generation facilities, lifted first-half profit 1.7 percent as wind generation improved in both Australia and New Zealand More >>

Independent directors to consider implications of delisting

Monday, 7 November 2016, 2:20 pm | BusinessDesk

Nov. 7 (BusinessDesk) - PGG Wrightson said its independent directors will meet to consider the implications for the company of the New York Stock Exchange's investigation and proposed delisting of Agria Corp's American depositary shares, which were suspended ... More >>

Trustpower first-half profit, ex-Tilt, falls 7.6%

Monday, 7 November 2016, 2:01 pm | BusinessDesk

Nov. 7 (BusinessDesk) - Trustpower, which spun out its Australian windfarms into a separately listed company, Tilt Renewables, on Oct. 31, posted a 7.6 percent decline in first-half profit on a demerged basis, in the face of rising operating expenses ... More >>

SkyCity names Graeme Stephens as new chief executive

Monday, 7 November 2016, 12:18 pm | BusinessDesk

Nov. 7 (BusinessDesk) - SkyCity Entertainment Group, New Zealand's dominant casino company, appointed Graeme Stephens as its new chief executive, replacing Nigel Morrison who resigned in April following an eight-year tenure. More >>

NZ dollar edges up as greenback sinks to month-low

Monday, 7 November 2016, 12:06 pm | BusinessDesk

Nov. 7 (BusinessDesk) - The New Zealand dollar edged up as the greenback fell to a month-low ahead of what's expected to be a close-run US presidential election. More >>

World Week Ahead: Eyes on US voters

Monday, 7 November 2016, 11:21 am | BusinessDesk

Nov. 7 (BusinessDesk) - The US Presidential election forms the key event in the coming days, with recent polls indicating the race between Democrat Hillary Clinton and Republican Donald Trump was closer than previously thought. More >>

Fulton Hogan chairman Mike Holloway to leave

Friday, 4 November 2016, 10:02 pm | BusinessDesk

Nov. 4 (BusinessDesk) - Fulton Hogan chairman Mike Holloway will leave the board of the civil construction firm because of health issues at the end of the year, a changing of the guard that may see director David Faulkner named as replacement at ... More >>