Scoop has an Ethical Paywall
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 653]
Snakk puts greater emphasis on South East Asia
Thursday, 25 February 2016, 9:55 am | BusinessDesk
Feb. 25 (BusinessDesk) - Snakk Media, which aggregates publishers’ advertising space on mobile devices and matches it to advertiser demand, generated more sales in its targeted market of South East Asia, helping lift revenue 8 percent in the ... More >>
FIRST CUT: Air NZ first-half pretax profit soars 132%
Thursday, 25 February 2016, 9:33 am | BusinessDesk
FIRST CUT: Air NZ first-half pretax profit soars 132% on lower fuel prices, tourism More >>
NZ dollar hits fresh 9-mth high vs. British pound on Brexit
Thursday, 25 February 2016, 8:31 am | BusinessDesk
Feb. 25 (BusinessDesk) - The New Zealand dollar hit a fresh nine-month high against the British pound amid concern about a potential British exit from the European Union. More >>
No common cause for action against Southern Response
Wednesday, 24 February 2016, 5:56 pm | BusinessDesk
Feb. 24 (BusinessDesk) - The High Court in Christchurch has rejected an attempt by a group of Southern Response Earthquake Services policyholders to bring a representative action against the Crown-owned insurance company for breach of contract, saying their ... More >>
MARKET CLOSE: Metlifecare, Ebos, Meridian lead NZ shares up
Wednesday, 24 February 2016, 5:46 pm | BusinessDesk
Feb. 24 (BusinessDesk) - New Zealand shares rose, with Metlifecare, Ebos Group and Meridian Energy leading the index on strong earnings, while Wynyard Group dropped. More >>
NZ dollar extends slide, 10-year swap rate hits record low
Wednesday, 24 February 2016, 5:37 pm | BusinessDesk
NZ dollar extends slide, 10-year swap rate hits record low, on weak oil, falling equities More >>
Meridian offers $150M in bonds as key Tiwai Point looms
Wednesday, 24 February 2016, 5:26 pm | BusinessDesk
Feb. 24 (BusinessDesk) - Meridian Energy is considering a retail offer of up to $150 million of unsecured, unsubordinated fixed rate bonds to institutional and retail investors in early March, which is shaping as a crucial month for decisions on the ... More >>
Falling methanol and oil prices a challenge for Genesis
Wednesday, 24 February 2016, 5:16 pm | BusinessDesk
Feb. 24 (BusinessDesk) - Genesis Energy faces declining earnings beyond the current financial year from its 31 percent share in the Kupe oil and gas field unless there's a turnaround in global oil and methanol prices or a lift from higher earnings or ... More >>
Summerset CEO Cook: aged care funding needs 'serious look'
Wednesday, 24 February 2016, 3:49 pm | BusinessDesk
Feb. 24 (BusinessDesk) - New Zealand needs to take a hard look at the way it funds aged care services in an environment where an ageing population is set to become a greater strain on the health budget, says retirement village operator Summerset ... More >>
Ruataniwha irrigation scheme close to getting investor
Wednesday, 24 February 2016, 3:36 pm | BusinessDesk
Feb. 24 (BusinessDesk) - A preferred private sector investor in the Ruataniwha water storage scheme is close to selection, says its primary backer, the Hawke's Bay Regional Investment Co. More >>
Diversification delivers for Airwork as 1H profit rises 47%
Wednesday, 24 February 2016, 3:12 pm | BusinessDesk
Feb. 24 (BusinessDesk) - Airwork Holdings, the aviation industry service provider, has boosted first-half profit and earnings per share by 47 percent with growth across both its fixed wing and helicopter businesses on the back of fleet expansion and ... More >>
Vitaco downplays loss of Trilogy agency contract
Wednesday, 24 February 2016, 2:24 pm | BusinessDesk
Feb. 24 (BusinessDesk) - Vitaco Holdings is downplaying the loss of an agency contract with New Zealand skincare maker Trilogy International, saying it frees up the ASX-listed food supplements company to focus on higher-margin business. More >>
UPDATE: NZX's Bennett sees strong debt pipeline in 2016
Wednesday, 24 February 2016, 2:12 pm | BusinessDesk
UPDATE: NZX's Bennett sees strong debt pipeline in 2016 after 2015 revenue buoyed by funds management More >>
Government tells airlines to rebid for travel contract
Wednesday, 24 February 2016, 1:06 pm | BusinessDesk
Feb. 24 (BusinessDesk) - The government will put its cross-agency air travel contract up for tender when it expires at the end of the year rather than simply renew it due to increased competition both at home and abroad. More >>
APN wins adjournment in IRD tax avoidance challenge
Wednesday, 24 February 2016, 12:46 pm | BusinessDesk
Feb. 24 (BusinessDesk) - Australian publisher APN News and Media, publisher of the NZ Herald, has been granted an adjournment of its High Court challenge to an Inland Revenue Department finding it owes tax in relation to financing arrangements with ... More >>
Ebos balance sheet strong enough for dividends, acquisitions
Wednesday, 24 February 2016, 12:23 pm | BusinessDesk
Feb. 24 (BusinessDesk) - Ebos Group's businesses are spinning out enough cash that the animal and healthcare company can continue to make acquisitions and invest to grow, while meeting its target for returns to shareholders, said chief executive ... More >>
Bunnings star performer in Wesfarmers 1.2% profit boost
Wednesday, 24 February 2016, 12:18 pm | BusinessDesk
Feb. 24 (BusinessDesk) - ASX-listed conglomerate Wesfarmers, which owns the Coles supermarket, Bunnings hardware, Kmart and Target department store brands, lifted first-half profit 1.2 percent, led by strong growth in Bunnings and weighed down ... More >>
Intueri posts FY loss after writing down value of schools
Wednesday, 24 February 2016, 12:18 pm | BusinessDesk
Feb. 24 (BusinessDesk) - Intueri Education Group, which is under investigation by the Serious Fraud Office, wrote down the value of its schools, resulting in a $48.5 million annual loss. More >>
Veritas writedowns drive first-half loss
Wednesday, 24 February 2016, 12:09 pm | BusinessDesk
Feb. 24 (BusinessDesk) - Veritas Investments shares dropped 12 percent after the ailing food and beverage company posted a first-half loss as it booked a series of impairment charges and said it plans to renegotiate its banking arrangements ahead ... More >>
NZ Refining, Metlifecare lead rally in heavy earnings day
Wednesday, 24 February 2016, 11:16 am | BusinessDesk
Feb. 24 (BusinessDesk) - New Zealand Refining, Metlifecare and Ebos Group led a rally in stocks of companies posting profit growth in the busiest day for results for earnings season. More >>
