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 654]
NZX boosts FY profit 82% on Link Market sale
Wednesday, 24 February 2016, 10:33 am | BusinessDesk
Feb. 24 (BusinessDesk) - NZX lifted annual profit 82 percent in 2015 as the one-off gain from the sale of its Link Market Services division bolstered flat earnings, even as revenue got a boost from the stock market operator's expanded funds management ... More >>
Property boom near triples Metlifecare's 1H profit
Wednesday, 24 February 2016, 10:32 am | BusinessDesk
Feb. 24 (BusinessDesk) - Metlifecare, the listed aged care and retirement company, has more than tripled half-year net profit, mainly due to the impact of booming property prices, particularly in Auckland and the Bay of Plenty, and given renewed impetus ... More >>
PGG Wrightson posts 19% drop in first-half profit
Wednesday, 24 February 2016, 10:27 am | BusinessDesk
Feb. 24 (BusinessDesk) - PGG Wrightson posted a 19 percent drop in first-half profit as low dairy prices and fear of an El Nino drought contracted farmer spending at the rural services firm. More >>
Wynyard to raise $30M in deeply discounted rights offer
Wednesday, 24 February 2016, 10:20 am | BusinessDesk
Feb. 24 (BusinessDesk) - Wynyard Group, the crime-fighting and security software developer, plans to raise about $30 million in a one-for-four renounceable rights offer at 85 cents a share, a 55 percent discount to its last trading price and well ... More >>
Summerset lifts earnings 55% in 2015; plans to double size
Wednesday, 24 February 2016, 10:14 am | BusinessDesk
Feb. 24 (BusinessDesk) - Summerset Group lifted annual underlying earnings 55 percent in 2015 as the country's third-biggest retirement village operator by market value generated more sales after opening new sites and said it wants to double its national ... More >>
Macquarie Securities (NZ) fined, censured over client error
Wednesday, 24 February 2016, 9:47 am | BusinessDesk
Feb. 24 (BusinessDesk) - Macquarie Securities (NZ) has been fined $40,000 and publicly censured by the New Zealand Markets Disciplinary Tribunal after a client mistakenly placed orders to buy Westpac Banking Corp shares on the NZX instead of the ASX, causing ... More >>
NZ Refining boosts annual earnings
Wednesday, 24 February 2016, 9:35 am | BusinessDesk
Feb. 24 (BusinessDesk) - Historically high refining margins, a weaker kiwi dollar and high plant reliability combined to give New Zealand Refining one of its best annual results on record. More >>
FIRST CUT: Ebos first-half profit gains 19%
Wednesday, 24 February 2016, 9:13 am | BusinessDesk
Feb. 24 (BusinessDesk) - Ebos Group, the animal and healthcare company that's been expanding via acquisitions, posted a 19 percent gain in first-half profit on growth in its healthcare and animal care units, allowing it to declare a bigger-than-expected ... More >>
FIRST CUT: Meridian Energy first-half profit falls
Wednesday, 24 February 2016, 9:02 am | BusinessDesk
Feb. 24 (BusinessDesk) - All-renewables electricity generator and retailer Meridian Energy announced an 11 percent fall in net profit after tax of $104 million for the six months ended Dec. 31 but cited sufficient strength in underlying earnings to ... More >>
FIRST CUT: Genesis Energy posts flat 1H earnings
Wednesday, 24 February 2016, 8:59 am | BusinessDesk
Feb. 24 (BusinessDesk) - Genesis Energy, the country's biggest electricity retailer, increased first-half earnings 1.5 percent as it grabbed more customers in a tightly contested retail market and lifted generation volumes, but still hasn't made a decision ... More >>
NZ dollar falls as oil declines on bets oversupply will stay
Wednesday, 24 February 2016, 8:31 am | BusinessDesk
Feb. 24 (BusinessDesk) - The New Zealand dollar fell after oil weakened on concern that an oversupply may continue, driving investors away from currencies linked to commodities. More >>
Global equity crowdfunding offer includes NZ platform
Wednesday, 24 February 2016, 8:08 am | BusinessDesk
Feb. 24 (BusinessDesk) - Australian-founded, Swiss-based premium sportswear brand Skins has launched a global equity crowdfunding campaign today incorporating New Zealand, Australia, the UK, and Europe. More >>
NZ bank margins at nine-year high in 2015
Wednesday, 24 February 2016, 8:05 am | BusinessDesk
NZ bank margins at nine-year high in 2015 as property, agri boost lending income More >>
While you were sleeping: Oil sinks equities
Wednesday, 24 February 2016, 7:43 am | BusinessDesk
Feb. 24 (BusinessDesk) - Stocks on both sides of the Atlantic dropped with the price of oil after Saudi Arabia’s oil minister said the country won’t cut output. More >>
MARKET CLOSE: NZ shares follows Wall St, earnings mixed
Tuesday, 23 February 2016, 6:19 pm | BusinessDesk
MARKET CLOSE: NZ shares follows Wall St higher as earnings mixed; Xero, Trade Me, Meridian gain More >>
Zespri raises 2016 forecast tray prices, growth seen in 2017
Tuesday, 23 February 2016, 6:08 pm | BusinessDesk
Feb. 23 (BusinessDesk) - Zespri International, which holds a monopoly over most kiwifruit exports, raised its forecast tray prices for the 2016 year as the season nears its conclusion, and expects to see earnings pick up in 2017. More >>
Wynyard doubles loss to $44M, rights offer details due
Tuesday, 23 February 2016, 5:57 pm | BusinessDesk
Feb. 23 (BusinessDesk) - Wynyard Group, the crime-fighting and security software developer, doubled its loss to $44.1 million in 2015 on static revenue while reshaping its business plan to try and achieve cash break-even more quickly. More >>
NZ dollar may extend gain on US manufacturing gauge
Tuesday, 23 February 2016, 5:23 pm | BusinessDesk
NZ dollar may extend gain as US manufacturing gauge weighs on greenback; buoyed by oil prices More >>
Westland dairy boss Rod Quin steps down
Tuesday, 23 February 2016, 5:21 pm | BusinessDesk
Feb. 23 (BusinessDesk) - Rod Quin, the chief executive of Westland Milk Products, has resigned from New Zealand's second largest dairy co-operative. More >>
Aust govt approves New Plymouth's Van Diemen's Land sale
Tuesday, 23 February 2016, 4:16 pm | BusinessDesk
Feb. 23 (BusinessDesk) - The body which oversees the sale of Australian assets to foreign investors, the Australian Foreign Investment Review Board, has approved the sale of Van Diemen's Land Co in Tasmania by New Plymouth District Council's Perpetual ... More >>
