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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 652]
UPDATE: Sky TV first-half profit falls 5.8%
Friday, 26 February 2016, 10:43 am | BusinessDesk
UPDATE: Sky TV first-half profit falls 5.8% as competition drives up content costs More >>
Vector first-half profit up 15%
Friday, 26 February 2016, 10:06 am | BusinessDesk
Feb. 26 (BusinessDesk) - Auckland electricity and telecommunications infrastructure provider Vector reported a 16 percent lift in first-half profit to $100.1 million. More >>
SLI Systems narrows first-half loss
Friday, 26 February 2016, 10:01 am | BusinessDesk
Feb. 26 (BusinessDesk) - SLI Systems, the online retail search engine developer, narrowed its first-half loss as sales rose and costs were little changed, saying it had enough cash to get to cash-flow breakeven without seeking more funds. More >>
FIRST CUT: Sky TV first-half profit falls 5.8%
Friday, 26 February 2016, 9:30 am | BusinessDesk
FIRST CUT: Sky TV first-half profit falls 5.8% as competition drives up content costs More >>
NZ dollar gains as higher yields lure investors
Friday, 26 February 2016, 8:40 am | BusinessDesk
Feb. 26 (BusinessDesk) - The New Zealand dollar gained as the country's higher relative interest rates lured investors. More >>
While you were sleeping: Durable goods orders rebound
Friday, 26 February 2016, 7:43 am | BusinessDesk
Feb. 26 (BusinessDesk) - Wall Street climbed after a better-than-expected report on US durable goods orders bolstered sentiment about the nation’s economy, outweighing a fresh decline in energy stocks with oil prices. More >>
Receivers to close Dick Smith after failing to find a buyer
Thursday, 25 February 2016, 5:34 pm | BusinessDesk
Feb. 25 (BusinessDesk) - All of the Dick Smith stores in Australia and New Zealand are to close within the next eight weeks after the receivers said they had received no acceptable offers for the business. More >>
RESEND: Bunnings plans to open five more stores in NZ
Thursday, 25 February 2016, 5:27 pm | BusinessDesk
RESEND: Bunnings plans to open five more stores in NZ, to tap building, renovation demand More >>
NZ dollar gains vs. Oz dollar on gloomy capex outlook
Thursday, 25 February 2016, 5:25 pm | BusinessDesk
Feb. 25 (BusinessDesk) - The New Zealand dollar gained against its trans-Tasman counterpart after figures painted a gloomy outlook for capital spending in Australia, adding to signs of sluggish growth in its economy. More >>
Bunnings plans to open five more stores in NZ
Thursday, 25 February 2016, 5:21 pm | BusinessDesk
Feb. 25 (BusinessDesk) - Bunnings, the home-improvement retailer, is opening a further five stores in New Zealand as it benefits from an uplift in housing construction and renovation, particularly in Auckland. More >>
Bill English confident Auckland plan will deliver housing
Thursday, 25 February 2016, 3:38 pm | BusinessDesk
Feb. 25 (BusinessDesk) - Finance Minister Bill English remains confident Auckland will produce a Unitary Plan that allows for reasonable growth in the wake of Auckland councillors this week voting to throw out unpopular zoning proposals allowing for ... More >>
Turners full-year earnings likely to exceed $20M
Thursday, 25 February 2016, 2:57 pm | BusinessDesk
Feb. 25 (BusinessDesk) - Turners reiterated that full-year pretax earnings are likely to exceed its guidance of $20 million, while setting a timetable for a share consolidation that will push the stock out of the "penny dreadful" category and moving ... More >>
Transpower trims interim dividend
Thursday, 25 February 2016, 1:20 pm | BusinessDesk
Feb. 25 (BusinessDesk) - Transpower will pay a smaller dividend to the government because the state-owned national grid operator's earnings were eroded by lower regulated revenue for its transmission business. More >>
Wynyard announces binding commitments for full $30M offer
Thursday, 25 February 2016, 12:55 pm | BusinessDesk
Feb. 25 (BusinessDesk) - Wynyard has said it has binding commitments for the full $30 million it plans to raise in a deeply discounted rights offer. More >>
NZ migration at new record in January
Thursday, 25 February 2016, 11:50 am | BusinessDesk
Feb. 25 (BusinessDesk) - New Zealand saw a new record net gain in migrants of 65,900 in the year to January, driven by increased arrivals from Asia and Australia. More >>
UPDATE: Air NZ delivers record 1H profit
Thursday, 25 February 2016, 11:22 am | BusinessDesk
UPDATE: Air NZ delivers record 1H profit on rise in passenger demand and lower fuel costs More >>
Vital first-half profit boosted by property gain
Thursday, 25 February 2016, 11:14 am | BusinessDesk
Vital first-half profit boosted by property gain, buys aged-care properties for A$41M More >>
Scales doubles profit as premium apple sales rise
Thursday, 25 February 2016, 11:11 am | BusinessDesk
Feb. 25 (BusinessDesk) - Scales Corp, New Zealand's biggest apple exporter, more than doubled annual profit as its horticulture unit reaped the benefits from selling higher value apples to key markets. More >>
APN shelves NZME float on weak ad market
Thursday, 25 February 2016, 11:09 am | BusinessDesk
Feb. 25 (BusinessDesk) - APN News & Media has shelved plans for an initial public offering of its NZME division in New Zealand due to a weak advertising market, while at the same time putting its Australian regional newspapers up for sale as it wrestles ... More >>
Methven lifts first-half profit 27%
Thursday, 25 February 2016, 10:58 am | BusinessDesk
Feb. 25 (BusinessDesk) - Methven, the NZX-listed tap and shower manufacturer and exporter, lifted first-half profit 27 percent as its core business in Australia and New Zealand more than made up for weakness in China. More >>
