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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 550]
Auckland Airport major project costs rise
Monday, 29 August 2016, 3:55 pm | BusinessDesk
Aug. 29 (BusinessDesk) - Auckland International Airport says competition for labour and resources due to the city’s multi-billion dollar construction boom means the cost of major capital projects may be higher than originally planned, although it ... More >>
Brian Roche to step down as NZ Post CEO
Monday, 29 August 2016, 11:22 am | BusinessDesk
Brian Roche to step down as NZ Post CEO having led adaptation to shrinking mail volumes More >>
Auckland Airport staff bonus as tourism boom lifts profit
Monday, 29 August 2016, 11:21 am | BusinessDesk
Auckland International Airport is paying its staff a $1,500 performance bonus after full-year profit and revenue benefited from the country’s tourism boom and a significant uplift in the number of international airlines and capacity servicing Auckland. More >>
Spotlight Reporting raises $5M from NZVIF-backed fund
Monday, 29 August 2016, 10:49 am | BusinessDesk
Aug. 29 (BusinessDesk) - Spotlight Reporting, which provides cloud-based tools to import data from accounting service firms such as Xero and QuickBooks to generate reports, forecasts and dashboards, says it raised $5 million from an NZVIF-backed ... More >>
King Salmon signals IPO that may raise about $30M
Monday, 29 August 2016, 10:46 am | BusinessDesk
Aug. 29 (BusinessDesk) - Marlborough Sounds fish-farmer New Zealand King Salmon is signalling an intention to sell down existing shares and raise new capital in an initial public offering that would see the three-decade-old company list on both ... More >>
Intueri first-half profit drops 43%
Monday, 29 August 2016, 10:45 am | BusinessDesk
Aug. 29 (BusinessDesk) - Intueri Education Group, whose chief executive Rob Facer left suddenly this month, posted a 43 percent decline in first-half profit, saying a gain in revenue wasn't enough to offset the benefit of finance and other income ... More >>
Airwork boosts full-year profit 58%
Monday, 29 August 2016, 10:40 am | BusinessDesk
Aug. 29 (BusinessDesk) - Specialist aviation company Airwork Holdings has delivered a 58 percent boost in full-year profit to $24.6 million following strong earnings growth in its expanded fixed-wing aircraft business. More >>
Biolumic's UV plant technology extends beyond crop growth
Monday, 29 August 2016, 9:43 am | BusinessDesk
Aug. 26 (BusinessDesk) - Agritech start-up Biolumic, which increases crop yields by applying ultraviolet (UV) light to seeds, seedlings, and plants, is also treating them for resistance to pests and disease. More >>
Chorus full-year profit growth stalls on lower prices
Monday, 29 August 2016, 9:34 am | BusinessDesk
Aug. 29 (BusinessDesk) - Chorus, the telecommunications network operator, said lower regulated pricing for access to its copper services were to blame for full-year profit stalling, although it sees a resumption of growth in 2017. It separately announced ... More >>
NZ dollar tumbles after rate hike for Fed
Monday, 29 August 2016, 8:56 am | BusinessDesk
Aug. 29 (BusinessDesk) - The New Zealand dollar tumbled after Federal Reserve vice chairman Stanley Fischer indicated September was still a possibility for a rate hike, although dependent on upcoming economic data. More >>
World Week Ahead: US jobs data up next
Monday, 29 August 2016, 8:33 am | BusinessDesk
Aug. 29 (BusinessDesk) - The latest US jobs data will form a key focus this week as Federal Reserve policy makers seem determined to continue to remind investors that a September interest rate increase is possible. More >>
NZ dollar little changed as hopes grow for clear signal
Saturday, 27 August 2016, 5:36 pm | BusinessDesk
Aug. 26 (BusinessDesk) - The New Zealand dollar was little changed, holding above 73 US cents as traders debate whether Federal Reserve chair Janet Yellen will give a clear signal on the timing and pace of US interest rate hikes when she addresses ... More >>
Supreme Court strikes out Trinity tax appeal
Saturday, 27 August 2016, 5:28 pm | BusinessDesk
Aug. 26 (BusinessDesk) - The Supreme Court has dismissed the latest appeal in the long-running Trinity tax case after architect Garry Muir gave up his argument during the hearing. More >>
KiwiRail posts $85.5M 'above-rail' FY earnings
Friday, 26 August 2016, 4:14 pm | BusinessDesk
Aug. 26 (BusinessDesk) - KiwiRail, the state-owned rail and freight operator, posted earnings before interest, tax, depreciation and finance costs of $85.5 million in the year to June 30, down $5 million on the previous year despite a 300,000 tonne ... More >>
Air NZ shares edge up as earnings outlook hangs over profit
Friday, 26 August 2016, 1:13 pm | BusinessDesk
Aug. 26 (BusinessDesk) - Air New Zealand’s shares have bounced around in sharemarket trading today despite reporting record full-year earnings as the country's largest airline warned of an earnings drop ahead due to growth in international carriers ... More >>
SkyTV earnings per viewer fall as programme costs rise 11.6%
Friday, 26 August 2016, 12:50 pm | BusinessDesk
Aug. 26 (BusinessDesk) - The cost of maintaining the most compelling sports, television series and movies rose 11.6 percent to $331.1 million in the year to June 30, says pay-TV provider Sky Network Television, taking the cost of programming to 35.7 percent ... More >>
Seeka hikes interim dividend
Friday, 26 August 2016, 12:00 pm | BusinessDesk
Aug. 26 (BusinessDesk) - Seeka Kiwifruit Industries hiked its interim dividend to shareholders as the first harvest from its recent Australian acquisition and record crops contributed to a first-half profit that almost doubled. More >>
Tough second-half hurts NZ Post and Kiwibank
Friday, 26 August 2016, 11:57 am | BusinessDesk
Aug. 26 (BusinessDesk) - State-owned New Zealand Post and its banking subsidiary Kiwibank both reported reduced profits after tax for the year to June 30, with NZ Post's result bolstered by one-off benefits from an Australian asset sale and Kiwibank ... More >>
Delegat to pay bigger dividend
Friday, 26 August 2016, 11:56 am | BusinessDesk
Aug. 26 (BusinessDesk) - Delegat Group will pay a bigger dividend to shareholders after reporting a record operating profit for the 2016 financial year, with North American sales driving revenue growth. More >>
NZME posts 0.5% gain in debut first-half earnings
Friday, 26 August 2016, 11:55 am | BusinessDesk
NZME posts 0.5% gain in debut first-half earnings as costs fell faster than revenue More >>
