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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 60]
NZ dollar treads water through Northern Hemisphere holidays
Monday, 27 May 2019, 8:57 pm | BusinessDesk
May 27 (BusinessDesk) - The New Zealand dollar was little changed as 10-year wholesale money remained below 2 percent and, with much of the Northern Hemisphere on holiday on Monday night, New Zealand time, markets will probably continue treading water. More >>
Air NZ to tweak 'cattle class', use machine-learning
Monday, 27 May 2019, 6:46 pm | BusinessDesk
May 27 (BusinessDesk) - Air New Zealand is planning what amounts to a fourth choice of seat on its long haul flights, which will fit between the traditional economy seat and its Premium Economy product. More >>
ComCom investigates BNZ over CCCFA disclosure breaches
Monday, 27 May 2019, 6:32 pm | BusinessDesk
May 27 (BusinessDesk) - The Commerce Commission has told Bank of New Zealand it has commenced an investigation into BNZ’s compliance with particular disclosure requirements under the Credit Contracts and Consumer Finance Act 2003. More >>
Motor Trade Finance profit falls as Turners goes in-house
Monday, 27 May 2019, 6:00 pm | BusinessDesk
Motor Trade Finance profit falls as Turners takes more business in-house More >>
Air NZ profit warning follows plane upgrade announcements
Monday, 27 May 2019, 4:34 pm | BusinessDesk
May 27 (BusinessDesk) - High aviation fuel prices have knocked up to $60 million off Air New Zealand's forecast pre-tax profits in just two months. More >>
Cooperative Bank profit drops 8.7% after cutting fees
Monday, 27 May 2019, 4:25 pm | BusinessDesk
May 27 (BusinessDesk) - Cooperative Bank posted an 8.7 percent decline in annual profit as the minnow lender cut $5 million in fees charged to its owner-customers. More >>
Southbase makes shareholder support public
Monday, 27 May 2019, 3:16 pm | BusinessDesk
May 27 (BusinessDesk) - It’s no secret the construction industry is troubled, despite the ongoing boom. Building owners, often the government in one shape or form, have shifted more risk onto construction companies, turning already razor-thin profit ... More >>
Fisher & Paykel Healthcare tops $1 billion in FY revenue
Monday, 27 May 2019, 2:34 pm | BusinessDesk
May 27 (BusinessDesk) - Fisher & Paykel Healthcare topped $1 billion in revenue, reported a record full-year net profit and expects further gains in the current financial year as it puts litigation behind it and benefits from the lower New Zealand dollar. More >>
Evolve awash with red ink on goodwill writedown
Monday, 27 May 2019, 2:19 pm | BusinessDesk
May 27 (BusinessDesk) - Evolve Education sank deeper into the red as it slashed the value of goodwill and has targeted a three-year turnaround backed by its recent capital raise More >>
Air NZ commits around $2B for Boeing Dreamliner planes
Monday, 27 May 2019, 1:07 pm | BusinessDesk
May 27 (BusinessDesk) - Air New Zealand is committing to buy eight new Boeing Dreamliner 787-10 long haul jets, with options on 12 more, and plans to have the first of the new planes in service by late 2022. More >>
Fisher & Paykel Healthcare tops $1 billion in FY revenue
Monday, 27 May 2019, 12:37 pm | BusinessDesk
May 27 (BusinessDesk) - Fisher & Paykel Healthcare topped $1 billion in revenue, reported a record full-year net profit and expects further gains in the current financial year as it puts litigation behind it and benefits from the lower New Zealand dollar. More >>
Tourism Holdings to shrink US fleet
Monday, 27 May 2019, 12:23 pm | BusinessDesk
May 27 (BusinessDesk) - Tourism Holdings will shrink its US fleet by about 17 percent as the rental RV operator seeks to address an "unacceptable" performance from its North American business. More >>
Kiwibank hires Hamish Rumbold as chief technology officer
Monday, 27 May 2019, 12:21 pm | BusinessDesk
May 27 (BusinessDesk) - Kiwibank has appointed Hamish Rumbold as its new chief digital and technology officer who will join the bank in August. More >>
NZ dollar holds gains as US data weakens
Monday, 27 May 2019, 10:55 am | BusinessDesk
May 27 (BusinessDesk) - The New Zealand dollar held its gains after weak US data overnight Friday offered further evidence that the world's biggest economy is slowing. More >>
Will ditching the CGT have revived business spirits?
Monday, 27 May 2019, 10:54 am | BusinessDesk
May 27 (BusinessDesk) - Amid an action-packed week for business news, a key piece of information will arrive on Wednesday afternoon when ANZ Bank's latest business confidence survey shows whether Prime Minister Jacinda Ardern's decision to drop ... More >>
MARKET CLOSE: NZ shares fall; Gentrack sinks
Friday, 24 May 2019, 8:52 pm | BusinessDesk
May 24 (BusinessDesk) - New Zealand shares fell, led by Gentrack, after the utilities software developer was among companies reporting weaker than expected earnings today. More >>
NZ dollar falls after Westpac's RBA rate cut call
Friday, 24 May 2019, 8:20 pm | BusinessDesk
May 24 (BusinessDesk) - The New Zealand dollar fell in unison with its Australian counterpart against the greenback after Westpac forecast the Reserve Bank of Australia will cut interest rates three times this year. More >>
Intuit grows QuickBooks subscribers but momentum slows
Friday, 24 May 2019, 4:39 pm | BusinessDesk
May 24 (BusinessDesk) - United States-based Intuit increased its online QuickBooks subscriptions to more than 4.2 million at the end of April, up 32 percent compared with the same quarter last year. More >>
Reaction to Budget relaxation shows balance 'about right'
Friday, 24 May 2019, 4:02 pm | BusinessDesk
Reaction to Budget rules relaxation shows balance 'about right', says Ardern More >>
Augusta lifts net profit six fold
Friday, 24 May 2019, 2:38 pm | BusinessDesk
May 24 (BusinessDesk) - Augusta Capital’s annual net profit rose more than six fold to a record as underlying income, management fees and transactional fees all grew strongly. More >>
