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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 552]
Former Tenths trustee gives evidence
Thursday, 25 August 2016, 10:04 am | BusinessDesk
Aug. 25 (BusinessDesk) - A former trustee for the Wellington Tenths Trust has told Ngatata Love's fraud trial that he was ok with the idea that "consultants" could be paid a $3 million fee for negotiating a deal with property developers. More >>
NZ dollar gains as traders await Jackson Hole symposium
Thursday, 25 August 2016, 10:01 am | BusinessDesk
Aug. 25 (BusinessDesk) - The New Zealand dollar rose above 73 US cents as traders wait to see what Federal Reserve chair Janet Yellen has to say at this weekend's central banker symposium in Jackson Hole, Wyoming. More >>
While you were sleeping: Wall Street slips
Thursday, 25 August 2016, 7:42 am | BusinessDesk
Aug. 25 (BusinessDesk) - Wall Street moved lower ahead of Friday’s speech by Federal Reserve Chair Janet Yellen who might offer clues on the timing for an interest rate hike by the central bank—which some Fed officials have recently suggested could ... More >>
NZD falls - Yellen may dent kiwi-yield story
Wednesday, 24 August 2016, 5:28 pm | BusinessDesk
The New Zealand dollar fell as traders speculated Federal Reserve chair Janet Yellen may echo recent hawkish statements by other Fed officials, giving impetus to the greenback. More >>
Infratil still aspires to shareholder returns of 20% a year
Wednesday, 24 August 2016, 5:26 pm | BusinessDesk
Infratil still aspires to generating total shareholder returns of 20 percent a year as it broadens the focus of its investment portfolio into sectors it wouldn't have entered 10 years ago. More >>
Seabed ironsands miner TransTasman tries again
Wednesday, 24 August 2016, 2:52 pm | BusinessDesk
Aug. 24 (BusinessDesk) - The first company to attempt to gain a resource consent to mine ironsands from the ocean floor in New Zealand's Exclusive Economic Zone has lodged a new application containing fresh scientific and other evidence it hopes ... More >>
Mobile health startup Vigil changes name
Wednesday, 24 August 2016, 2:31 pm | BusinessDesk
Aug. 24 (BusinessDesk) - Vigil Monitoring, the digital healthcare company founded by Ray Avery and Alan Brannigan, is changing its name to Jupl as it expands into Australia. More >>
Metro Glass sees 'marked improvement' in 2017
Wednesday, 24 August 2016, 12:36 pm | BusinessDesk
Aug. 24 (BusinessDesk) - Metro Performance Glass, which has more than half the country's glass processing market, expects to see a "marked improvement" in the coming year as it reaps the benefit of New Zealand's building boom and looks further afield ... More >>
Qantas Airways resumes dividends after 7 years
Wednesday, 24 August 2016, 12:08 pm | BusinessDesk
Aug. 24 (BusinessDesk) - Australia’s biggest airline, Qantas Airways, will resume paying dividends after a seven-year hiatus following a A$1.03 billion full-year net profit after tax, up 80 percent on the prior year and the best in its 95-year history. More >>
Ngatata Love laments misplaced trust in Shaan Stevens
Wednesday, 24 August 2016, 12:04 pm | BusinessDesk
Aug. 24 (BusinessDesk) - Former Wellington Tenths Trust chairman Ngatata Love says he misplaced his trust in Shaan Stevens and that both Stevens and Lorraine Skiffington misused his name on documents presented in his fraud trial, the High Court heard ... More >>
NZ trade deficit narrows in July from year earlier
Wednesday, 24 August 2016, 11:27 am | BusinessDesk
NZ trade deficit narrows in July from year earlier as imports fall faster than exports More >>
NZOG resumes dividend after costs clamp-down
Wednesday, 24 August 2016, 11:24 am | BusinessDesk
Aug. 24 (BusinessDesk) - New Zealand Oil & Gas will resume dividend payments after clamping down on costs in response to the slump in global energy prices, which led to a write down in the value of its shareholding in Cue Energy Resources to produce ... More >>
Vector posts 4.7% gain in adjusted full-year earnings
Wednesday, 24 August 2016, 11:23 am | BusinessDesk
Aug. 24 (BusinessDesk) - Vector, the electricity and telecommunications infrastructure company, posted a 4.7 percent gain in adjusted full-year earnings on growth in Auckland and the expansion of its smart meter fleet, while signalling earnings growth may ... More >>
Wynyard halves 2016 guidance
Wednesday, 24 August 2016, 11:18 am | BusinessDesk
Aug. 24 (BusinessDesk) - Wynyard Group, the intelligence software developer, more than doubled its first-half loss and halved its full-year guidance. More >>
FIRST CUT: Meridian Energy annual earnings up 5%
Wednesday, 24 August 2016, 11:16 am | BusinessDesk
Aug. 24 (BusinessDesk) - Meridian Energy has followed its fellow part-privatised counterpart, Mercury NZ, by declaring a special dividend for shareholders in a sector where strong cashflows are not currently required for new investment. More >>
A2 Milk meets guidance with return to profit
Wednesday, 24 August 2016, 9:42 am | BusinessDesk
Aug. 24 (BusinessDesk) - A2 Milk, which markets milk based on the supposed health benefits of the A2 milk protein, met its June guidance with a return to full-year profit and a 127 percent jump in revenue that was driven by infant formula sales ... More >>
NZD dips below 73 US cts as RBNZ sticks to rate track
Wednesday, 24 August 2016, 9:33 am | BusinessDesk
Aug. 24 (BusinessDesk) - The New Zealand dollar gave up some of its gains, dipping below 73 US cents, after Reserve Bank governor Graeme Wheeler backed his interest rate path as erring on the side of caution. More >>
PM sets rules for ministers' treatment of public servants
Wednesday, 24 August 2016, 9:31 am | BusinessDesk
Prime Minister John Key has laid down the law about the way ministers and public servants should interact, saying ministers may not always like the advice they receive, but they must listen to it carefully, respectfully and professionally. More >>
While you were sleeping: Nasdaq inches to record
Wednesday, 24 August 2016, 7:45 am | BusinessDesk
Aug. 24 (BusinessDesk) - Wall Street gained, pushing the Nasdaq to a record high, amid better-expected earnings such as for Best Buy and stronger-than-expected new home sales, while an easing in manufacturing bolstered hope the Federal Reserve might ... More >>
McConnell Dowell NZ lifts full-year sales by 36%
Tuesday, 23 August 2016, 5:37 pm | BusinessDesk
CORRECT: McConnell Dowell NZ lifts full-year sales by 36% after winning Watercare, NZTA contracts More >>
