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 657]
UPDATE: Auckland Airport 1H profit boosted by retail spend
Friday, 19 February 2016, 2:33 pm | BusinessDesk
UPDATE: Auckland Airport 1H profit boosted by strong uplift in retail spend on increasing passengers More >>
Cavalier boosts 1H profit, signals upside to FY earnings
Friday, 19 February 2016, 1:53 pm | BusinessDesk
Feb. 19 (BusinessDesk) - Cavalier Corp boosted first-half profit and signalled its full-year earnings will probably be at the top end of expectations as it restructures its wool business and reduces debt. More >>
PGC warns of value loss if Torchlight unit wound up too soon
Friday, 19 February 2016, 1:46 pm | BusinessDesk
Feb. 19 (BusinessDesk) - Pyne Gould Corp, whose NZX-listed shares have been suspended from trading since October, is warning that an early wind up of the Torchlight Fund housing distressed assets it manages would lead to a loss of value for investors. More >>
NZDF broke rules in lifejacket contract, A-G says
Friday, 19 February 2016, 1:22 pm | BusinessDesk
Feb. 19 (BusinessDesk) - The Auditor-General has found the New Zealand Defence Force broke its own rules in handing out a $114,000 interim contract for lifejacket servicing to a serving member of the air force. More >>
Fairfax's NZ unit posts 12% fall in earnings
Friday, 19 February 2016, 11:36 am | BusinessDesk
Feb. 19 (BusinessDesk) - Fairfax Media's New Zealand division posted a 12 percent drop in first-half earnings as the publisher of stuff.co.nz and the Dominion Post, Press and Sunday-Star Times newspapers said gains in its online revenue didn't offset ... More >>
OceanaGold annual profit halves on low commodity prices
Friday, 19 February 2016, 11:05 am | BusinessDesk
Feb. 19 (BusinessDesk) - OceanaGold Corp, the gold and copper miner, said its annual profit halved due to low commodity prices and extra costs from its purchase of Waihi Gold Mine and the construction of the Haile Gold Mine in South Carolina. More >>
Wynyard trading halt extended to Tuesday
Friday, 19 February 2016, 11:00 am | BusinessDesk
Feb. 19 (BusinessDesk) - Wynyard Group will stay in a trading halt until Feb. 23, pending an announcement by the software developer over its capital raising plans. More >>
NZ govt's 6-month deficit wider than expected
Friday, 19 February 2016, 10:29 am | BusinessDesk
NZ govt's 6-month deficit wider than expected, income tax-take shows signs of improving More >>
Hellaby profit plummets, expects better second half
Friday, 19 February 2016, 10:17 am | BusinessDesk
Feb. 19 (BusinessDesk) - Hellaby Holdings, the diversified investment company, posted a 65 percent drop in first-half profit with revenue from three of its four segments falling, but says it expects a better second half as it tries to sell its loss-making ... More >>
UPDATE: Chorus resumes dividends after ComCom ruling
Friday, 19 February 2016, 9:53 am | BusinessDesk
Feb. 19 (BusinessDesk) - Chorus will start paying dividends again after the Commerce Commission's decision to let the telecommunications network operator charge its customers more for access to its copper lines, easing some of the regulatory burden that dragged ... More >>
FIRST CUT: Auckland Airport profit rises on strong tourism
Friday, 19 February 2016, 9:27 am | BusinessDesk
Feb. 19 (BusinessDesk) - Auckland International Airport, the country’s largest airport, has reported a 25 percent lift in first-half profit due to increasing passenger numbers from a rise in tourism, as it plans to spend up to $260 million this financial ... More >>
Port of Tauranga capital review looms closer
Friday, 19 February 2016, 9:05 am | BusinessDesk
Feb. 19 (BusinessDesk) - Port of Tauranga has confirmed a review of its capital structure is planned for 2017, by which time New Zealand's biggest port operator will be over the hump of its spending programme and able to contemplate options such as a return ... More >>
FIRST CUT: Chorus resumes dividends after ComCom ruling
Friday, 19 February 2016, 8:55 am | BusinessDesk
Feb. 19 (BusinessDesk) - Chorus will start paying dividends again after the Commerce Commission's decision to let the telecommunications network operator charge its customers more for access to its copper lines, easing some of the regulatory burden that dragged ... More >>
NZ dollar falls as investors pull back on kiwi/Aussie gains
Friday, 19 February 2016, 8:53 am | BusinessDesk
Feb. 19 (BusinessDesk) - The New Zealand dollar declined overnight as investors bet the kiwi had gained too much against the Aussie yesterday, with the pullback causing general weakness in the local currency. More >>
While you were sleeping: Wal-Mart, oil data disappoint
Friday, 19 February 2016, 7:44 am | BusinessDesk
Feb. 19 (BusinessDesk) - Wall Street moved lower as Wal-Mart shares dropped on a downgraded sales outlook, while oil gave up some its earlier gains after a report showing an increase in US stockpiles. More >>
MARKET CLOSE: NZ shares rise; Steel & Tube, Nuplex gain
Thursday, 18 February 2016, 5:47 pm | BusinessDesk
Feb. 18 (BusinessDesk) - New Zealand shares rose as reporting season continued to provide plenty of news for the local market. Steel & Tube Holdings, Trade Me Group and Nuplex Industries climbed, while Skellerup Holdings dropped. More >>
NZ dollar gains vs. Australian dollar on jobless data
Thursday, 18 February 2016, 5:16 pm | BusinessDesk
Feb. 18 (BusinessDesk) - The New Zealand dollar gained against its trans-Tasman counterpart after Australia's unemployment rate unexpectedly rose in January, in what's been a volatile data set in recent months. More >>
Fletcher Building makes Higgins case to Commerce Commission
Thursday, 18 February 2016, 4:20 pm | BusinessDesk
Feb. 18 (BusinessDesk) - Fletcher Building has set out its case to the Commerce Commission as it seeks permission from the watchdog to buy roading contractor Higgins for $315 million. More >>
UPDATE: Nuplex takeover process could take until June/July
Thursday, 18 February 2016, 3:14 pm | BusinessDesk
Nuplex Industries chief executive Emery Severin says it’s likely to take until June or July to finalise a takeover proposal from US-based Allnex Belgium SA, which offers investors the choice of a premium on the current share price or waiting for ... More >>
NZ consumer confidence dips, mainly stable in global turmoil
Thursday, 18 February 2016, 1:29 pm | BusinessDesk
Feb. 18 (BusinessDesk) - New Zealand consumer confidence slipped to its historical average in February, according to the latest ANZ-Roy Morgan Consumer Confidence Index. More >>
