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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 656]
Ports of Auckland lifts 1H profit 9.5% on lower costs
Monday, 22 February 2016, 3:19 pm | BusinessDesk
Ports of Auckland lifts first-half profit 9.5% as maintenance costs drop By Paul McBeth More >>
NZ Dollar Outlook: Kiwi may trade in tight range
Monday, 22 February 2016, 2:47 pm | BusinessDesk
Feb. 22 (BusinessDesk) - The New Zealand dollar may trade in a tight range this week with a paucity of local data scheduled for release. More >>
Shipping rates at record low, bolster log exports
Monday, 22 February 2016, 12:55 pm | BusinessDesk
Feb. 22 (BusinessDesk) - New Zealand export log prices rose this month as the benefits from declining shipping rates offset dwindling Chinese demand. More >>
Kiwibank on track to beat 2015 annual earnings; 1H profit up
Monday, 22 February 2016, 12:48 pm | BusinessDesk
Kiwibank ekes out 1.4% gain in first-half profit, on track to beat 2015 annual earnings More >>
NZ Steel puts Taharoa ironsands mining operation up for sale
Monday, 22 February 2016, 12:02 pm | BusinessDesk
Feb. 22 (BusinessDesk) - New Zealand Steel's Australian owner, Bluescope, is placing its Taharoa ironsands mining operation on the market after declaring a A$47.1 million loss on an underlying earnings before interest and tax basis for the first half of ... More >>
Freightways posts 5.5% gain in first-half profit
Monday, 22 February 2016, 11:59 am | BusinessDesk
Feb. 22 (BusinessDesk) - Freightways Limited, the courier and logistics business, posted a 5.5 percent gain in first-half profit on strong earnings from its information management division in New Zealand and Australia but warned conditions will be challenging ... More >>
Nib NZ's first half profit nearly triples
Monday, 22 February 2016, 11:42 am | BusinessDesk
Feb. 22 (BusinessDesk) - Nib Holdings' New Zealand unit nearly tripled operating profit in the first half of the current financial year as the ASX-listed insurer bolstered its local presence with the purchase of OnePath Life (NZ)'s medical business. More >>
Airport boss confident NZ can sustain tourism growth
Monday, 22 February 2016, 11:27 am | BusinessDesk
Feb. 22 (BusinessDesk) - Auckland International Airport chief executive Adrian Littlewood said New Zealand still has plenty of capacity to grow tourism from its record levels achieved last year. More >>
NZ Post lifts first-half profit 10% on asset sales
Monday, 22 February 2016, 10:13 am | BusinessDesk
Feb. 22 (BusinessDesk) - New Zealand Post Group lifted first-half profit 10 percent after the state-owned mail service reaped one-off gains from selling assets as it overhauls its operations away from traditional letter delivery. More >>
Hellaby anticipates strong recovery on oil contracts
Monday, 22 February 2016, 9:38 am | BusinessDesk
Feb. 22 (BusinessDesk) - Hellaby Holdings is picking a strong recovery in its oil and gas services segment when a series of delayed contracts come on stream. More >>
NZ dollar gains vs. pound as Boris Johnson backs Brexit
Monday, 22 February 2016, 8:47 am | BusinessDesk
NZ dollar hits 8-month high vs. pound amid uncertainty about UK vote on EU membership More >>
World Week Ahead: US rates move back in focus
Monday, 22 February 2016, 8:19 am | BusinessDesk
Feb. 22 (BusinessDesk) - Investors will watch this week’s speeches by US Federal Reserve officials with extra intent after economic data on the country’s inflation, jobs and even manufacturing suggested the central bank might hike interest rates ... More >>
Rubicon confident it can cover ArborGen financing plan
Friday, 19 February 2016, 6:00 pm | BusinessDesk
Feb. 19 (BusinessDesk) - Rubicon, the NZX-listed forestry biotech company, is confident it can cover financing needs of its part-owned seedling company ArborGen, which has a US$53 million litigation cloud hanging over its head. More >>
Colonial Motor lifts 1H profit on strong vehicle market
Friday, 19 February 2016, 5:53 pm | BusinessDesk
Feb. 19 (BusinessDesk) - Colonial Motor Co lifted first-half profit 24 percent as the listed motor vehicle distributor benefited from New Zealand's record new vehicle market and the sale of a Wellington property. More >>
MARKET CLOSE: NZ shares rise, led by Auckland Airport
Friday, 19 February 2016, 5:41 pm | BusinessDesk
Feb. 19 (BusinessDesk) - New Zealand shares rose, led by Auckland International Airport and Chorus on their strong earnings reports. A2 Milk Co dropped. More >>
NZ dollar largely flat on the week
Friday, 19 February 2016, 5:24 pm | BusinessDesk
NZ dollar largely flat on the week as sentiment waxes and wanes, Brexit vote looms More >>
Millennium & Copthorne raises dividend on improved earnings
Friday, 19 February 2016, 4:52 pm | BusinessDesk
Feb. 19 (BusinessDesk) - Millenium & Copthorne Hotels New Zealand, the hotel operator and property developer, raised its annual dividend payment as increased occupancy helped deliver a boost in underlying earnings. More >>
NZ wool prices decline as Chinese buyers absent
Friday, 19 February 2016, 4:05 pm | BusinessDesk
Feb. 19 (BusinessDesk) - New Zealand wool prices weakened at auction as buyers from China, the country's largest export market, were still absent for the Chinese Lunar New Year holiday period. More >>
Chorus shares rise 4.5% as investors welcome dividend size
Friday, 19 February 2016, 3:22 pm | BusinessDesk
Feb. 19 (BusinessDesk) - Chorus shares rose 4.5 percent after the telecommunications network operator offered a bigger dividend than anticipated. More >>
Forest & Bird loses bid to overturn land swap for Ruataniwha
Friday, 19 February 2016, 2:37 pm | BusinessDesk
Feb. 19 (BusinessDesk) - The High Court has rejected a bid by the Royal Forest & Bird Protection Society to overturn a land swap letting 22 hectares of Ruahine Forest Park be flooded as part of the Ruataniwha Water Storage Scheme. More >>
