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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 564]
Suncorp's NZ general insurance lifts earnings 12%
Thursday, 4 August 2016, 12:54 pm | BusinessDesk
Aug. 4 (BusinessDesk) - Suncorp Group's New Zealand general insurance units Vero and AA Insurance lifted annual earnings as they benefitted from growth in more profitable motor business, although the local group is still focused on stripping out costs. More >>
NZ firms still relatively opaque on reporting remuneration
Thursday, 4 August 2016, 11:12 am | BusinessDesk
Aug. 4 (BusinessDesk) - New Zealand companies generally got a pass mark from institutional investors in terms of their corporate governance but garnered relatively low scores in terms of reporting stakeholder interests and remuneration, the Financial Markets ... More >>
Ebos eyes Australian retail pharmacy with Terry White deal
Thursday, 4 August 2016, 11:09 am | BusinessDesk
Aug. 4 (BusinessDesk) - Ebos Group plans to beef up its Australian retail pharmacy exposure selling its 270-store Chemmart business to Terry White Group and taking a 50 percent stake in the enlarged pharmacy chain. More >>
Kathmandu says annual profit rose as much as 67%
Thursday, 4 August 2016, 10:13 am | BusinessDesk
Aug. 4 (BusinessDesk) - Kathmandu Holdings says annual profit rose as much as 67 percent as better-run promotions widened the outdoor equipment chain's margins. More >>
NZ dollar falls as ADP data helps greenback, RBNZ looms
Thursday, 4 August 2016, 8:50 am | BusinessDesk
Aug. 3 (BusinessDesk) - The New Zealand dollar fell after private payrolls data in the US printed stronger than expected and as traders look ahead to next week's Reserve Bank statement and the extent of easing that may be built in. More >>
Ngatata Love fraud trial kicks off
Thursday, 4 August 2016, 8:48 am | BusinessDesk
Aug. 3 (BusinessDesk) - Maori leader Ngatata Love appeared in the High Court in Wellington today accused of obtaining a secret commission and can be named for the first time after a three-year name suppression order was lifted. More >>
MARKET CLOSE: NZ shares drop pre-reporting season
Thursday, 4 August 2016, 8:46 am | BusinessDesk
Aug. 3 (BusinessDesk) - New Zealand shares dropped today as investors booked profits ahead of reporting season, with the main index led lower by Sky Network Television and Meridian Energy. More >>
While you were sleeping: US jobs, oil support mood
Thursday, 4 August 2016, 7:51 am | BusinessDesk
Aug. 4 (BusinessDesk) - Wall Street eked out gains, bolstered by a rebound in oil prices and better-than-expected private sector US jobs data. More >>
NZ dollar falls as potential RBNZ rate cut comes into focus
Wednesday, 3 August 2016, 5:24 pm | BusinessDesk
Aug. 3 (BusinessDesk) - The New Zealand dollar fell against the greenback and the Australian dollar as traders started to focus on the Reserve Bank's policy review on Aug. 11 and whether it will need to do more than one 25 basis point cut to stir ... More >>
Turners buys industrial land in Wiri
Wednesday, 3 August 2016, 4:38 pm | BusinessDesk
Aug. 3 (BusinessDesk) - Turners, the financial services firm, has bought a one-hectare industrial site in Wiri for $4.8 million to extend its footprint in South Auckland. More >>
Green Cross to increase in-home care to elderly
Wednesday, 3 August 2016, 4:02 pm | BusinessDesk
Green Cross Health, the listed medical services provider, says it is looking to offer more in-home care for elderly private patients, but says the government must improve the public funding system. More >>
EU says claims bloc targeting NZ over tax "misleading'
Wednesday, 3 August 2016, 3:29 pm | BusinessDesk
Aug. 3 (BusinessDesk) - The European Union's representatives to New Zealand say reports that the regional economic bloc is targeting the nation as a tax haven as "incorrect and misleading." More >>
NZ commodity prices rise for third straight month
Wednesday, 3 August 2016, 1:27 pm | BusinessDesk
Aug. 3 (BusinessDesk) - New Zealand commodity prices rose for a third straight month in July, led by dairy products, aluminium and meat, although the strong kiwi dollar limited the benefits for local producers. More >>
Millennium & Copthorne NZ first-half profit jumps 98%
Wednesday, 3 August 2016, 1:13 pm | BusinessDesk
Aug. 3 (BusinessDesk) - Millennium & Copthorne Hotels New Zealand, which owns a portfolio of hotels and a controlling stake in property developer CDL Investments, posted a 98 percent jump in first-half profit as it benefited from the nation's tourism boom, ... More >>
Briscoe first-half profit rises at least 32%
Wednesday, 3 August 2016, 1:11 pm | BusinessDesk
Aug. 3 (BusinessDesk) - Briscoe Group, which operates stores selling household items and sports goods, says first-half profit rose at least 32 percent as the retailer widened gross margins on more rigorous promotions and inventory management at the ... More >>
NZ private sector wage inflation misses expectations in June
Wednesday, 3 August 2016, 12:04 pm | BusinessDesk
Aug. 3 (BusinessDesk) - New Zealand private sector wage inflation rose at a slower pace than expected in the second quarter as a growing labour market and static consumer prices continued to limit pay increases. More >>
Powerhouse seeks up to A$20 mln in ASX listing
Wednesday, 3 August 2016, 11:35 am | BusinessDesk
Aug. 3 (BusinessDesk) - Powerhouse Ventures, the Christchurch-based technology incubator, plans to raise up to A$20 million in an initial public offering on the Australian Securities Exchange to expand its portfolio of investments, including branching out ... More >>
Auckland Transport manager admits taking bribes
Wednesday, 3 August 2016, 11:20 am | BusinessDesk
Aug. 3 (BusinessDesk) - A former employee of Auckland Transport and Rodney District Council has pleaded guilty to two representative charges of accepting undisclosed payments totalling $103,580 while he was in roles that involved letting of contracts ... More >>
Constructive RBNZ, media relationship not worth lock-ups
Wednesday, 3 August 2016, 11:00 am | BusinessDesk
Aug. 3 (BusinessDesk) - The Reserve Bank will end lock-ups for journalists and market analysts permanently after deciding the costs to police embargoes and the risk of another breach outweighed the benefits of having a positive relationship with the ... More >>
NZ new vehicle sales rise in July
Wednesday, 3 August 2016, 10:49 am | BusinessDesk
Aug. 3 (BusinessDesk) - New Zealand new vehicle sales rose in July, with continued monthly gains signalling a new annual record may be set this year. More >>
