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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 553]
NZD climbs above 73 US cents as Wheeler sticks to his guns
Tuesday, 23 August 2016, 5:31 pm | BusinessDesk
NZ dollar climbs above 73 US cents as Wheeler sticks to his guns, Yellen looms More >>
F&P Healthcare to 'vigorously contest' IP dispute
Tuesday, 23 August 2016, 5:29 pm | BusinessDesk
F&P Healthcare to 'vigorously contest' what's likely to be lengthy IP legal spat More >>
Commerce Commission files charges against mobile trader
Tuesday, 23 August 2016, 4:08 pm | BusinessDesk
Aug. 23 (BusinessDesk) - The Commerce Commission has filed charges against mobile trader Zee Shop, its first prosecution of a company that wasn't captured in the regulator's year-long investigation into so-called truck shops. More >>
Serko deal with Sabre to add $1 mln in annual revenue
Tuesday, 23 August 2016, 2:39 pm | BusinessDesk
Aug. 23 (BusinessDesk) - Serko has signed a deal with Nasdaq-listed Sabre Corp to use the online travel booking tool on the US company's platform, which the Kiwi firm says will boost annual sales by at least $1 million. More >>
Labour calls for monetary policy to expand goals
Tuesday, 23 August 2016, 2:33 pm | BusinessDesk
Aug. 23 (BusinessDesk) - The Reserve Bank of New Zealand should be allowed to target goals other than price stability, says the Labour Party finance spokesman, Grant Robertson. More >>
Ngatata Love says he didn't know about banking transactions
Tuesday, 23 August 2016, 2:06 pm | BusinessDesk
Healthscope's NZ pathology business outperforms
Tuesday, 23 August 2016, 1:39 pm | BusinessDesk
Aug. 23 (BusinessDesk) - ASX-listed Healthscope's New Zealand pathology business continued to outperform the rest of the Australian private hospital and health service's units as its successful bid to service the Wellington region drove earnings. More >>
Vocus NZ sales, earnings soar on CallPlus acquisition
Tuesday, 23 August 2016, 12:42 pm | BusinessDesk
Aug. 23 (BusinessDesk) - Vocus Communications more than doubled annual revenue and earnings in New Zealand, bolstered by the addition of CallPlus when the trans-Tasman telecommunications group merged with M2 Group. More >>
Queenstown Airport full-year profit falls 7%
Tuesday, 23 August 2016, 12:41 pm | BusinessDesk
Aug. 23 (BusinessDesk) - Queenstown Airport Corp, New Zealand's fourth busiest airport, posted a 7 percent decline in full-year profit after recognising a charge related to the loss of a tax dispute, while growth in passenger numbers drove up revenue. More >>
Kiwi Property to raise up to $125M in bond offer
Tuesday, 23 August 2016, 12:38 pm | BusinessDesk
Kiwi Property to raise up to $125M in bond offer, ANZ NZ eyes local debt market More >>
Ports of Auckland delivers $54M dividend to council
Tuesday, 23 August 2016, 12:37 pm | BusinessDesk
Aug. 23 (BusinessDesk) - Auckland Council will receive a $54.3 million dividend from Ports of Auckland after the city's port operator announced a lift in full-year profit despite even as revenue fell with container volumes. More >>
Comvita posts 15-month profit of $18.5M
Tuesday, 23 August 2016, 12:36 pm | BusinessDesk
Aug. 23 (BusinessDesk) - Comvita, the manuka honey products company, posted a 15-month profit that broadly met its guidance while lowering its dividend payout ratio to chase "growth opportunities". More >>
UPDATE: Fliway increases dividend as revenue growth stalls
Tuesday, 23 August 2016, 10:25 am | BusinessDesk
Aug. 23 (BusinessDesk) - Fliway Group declared a final dividend at the top end of its payout range, rewarding shareholders during a period when challenging conditions in international transport markets hurt revenue and left the transport and logistics ... More >>
RBNZ's pathway to lower interest rates not too fast
Tuesday, 23 August 2016, 10:08 am | BusinessDesk
Aug. 23 (BusinessDesk) - Reserve Bank governor Graeme Wheeler has defended his approach to cutting interest rates, saying New Zealand's interest rate differential is too high to leave things as is, but a more aggressive stance ran the risk of destabilising ... More >>
Tourism Holdings lifts annual profit 21%
Tuesday, 23 August 2016, 9:45 am | BusinessDesk
Aug. 23 (BusinessDesk) - Tourism Holdings, the campervan rental company, lifted annual profit 21 percent as revenue increased and the company continues to target net profit of $30 million by 2018. More >>
Fliway full-year profit jumps on strong first half
Tuesday, 23 August 2016, 9:36 am | BusinessDesk
Aug. 23 (BusinessDesk) - Fliway Group, the listed transport and logistics group, said full-year profit jumped 156 percent as lower costs made up for a drop in international revenue. More >>
NZ Refining first-half profit slides less than expected
Tuesday, 23 August 2016, 9:21 am | BusinessDesk
Aug. 23 (BusinessDesk) - New Zealand Refining posted an 82 percent slump in first-half profit and trimmed its interim dividend as a build-up in global oil stocks weighed on the Marsden Point refinery operator's margins. More >>
FIRST CUT: Mercury delivers special dividend
Tuesday, 23 August 2016, 9:21 am | BusinessDesk
Aug. 23 (BusinessDesk) - Mercury, the electricity generator and distributor formerly known as Mighty River Power, has delivered a 2.3 percent lift in operating earnings and declared a special dividend, reflecting its limited capital needs and the sale ... More >>
NZ dollar gains ahead of Wheeler speech
Tuesday, 23 August 2016, 9:16 am | BusinessDesk
Aug. 23 (BusinessDesk) - The New Zealand dollar rose ahead of a speech by Reserve Bank governor Graeme Wheeler which may hint at the timing of further easing, with at least one further cut expected this year. More >>
While you were sleeping: Hawks weigh on mood
Tuesday, 23 August 2016, 7:22 am | BusinessDesk
Aug. 23 (BusinessDesk) - The latest hawkish comments from a US Federal Reserve official weighed on equities and lifted the greenback as investors try to gauge the timing of a US interest rate increase. More >>
