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 658]
NZ consumer confidence dips in February
Thursday, 18 February 2016, 1:25 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 >>
Landcorp forecasts bigger loss this year, no dividend
Thursday, 18 February 2016, 1:10 pm | BusinessDesk
Feb. 18 (BusinessDesk) - Landcorp Farming, the state-owned farmer, won't pay a dividend to the government for a second consecutive year as low milk prices erode earnings from its dairy business. More >>
Spark dangles special dividend sweetener for another year
Thursday, 18 February 2016, 1:09 pm | BusinessDesk
Feb. 18 (BusinessDesk) - Spark New Zealand shares rose 2.3 percent after the country's biggest telecommunications company dangled the prospect of a cash sweetener to investors for a second year in a row. More >>
SSC boss Iain Rennie won't seek reappointment
Thursday, 18 February 2016, 12:57 pm | BusinessDesk
Feb. 18 (BusinessDesk) - State Services Commission head Iain Rennie won't seek reappointment when his term ends on June 30. More >>
AMP's NZ unit lifts 2015 profit by 7.5% on Kiwisaver inflows
Thursday, 18 February 2016, 12:34 pm | BusinessDesk
AMP's NZ unit lifts 2015 profit by 7.5% on Kiwisaver inflows By Sophie Boot More >>
NZ producer output prices fall 0.8% during 4th quarter
Thursday, 18 February 2016, 11:52 am | BusinessDesk
Feb. 18 (BusinessDesk) - New Zealand producer output prices fell in the fourth quarter, led by dairy product manufacturing, dairy cattle farming and petroleum, while farm input prices also fell. More >>
Nuplex Industries lifts first-half earnings
Thursday, 18 February 2016, 10:36 am | BusinessDesk
Feb. 18 (BusinessDesk) - Nuplex Industries, which is the subject of a takeover proposal from US-based Allnex Begium SA, lifted profit from continuing operations by 10 percent and upgraded its full year guidance of improved earnings in the Australia-New Zealand ... More >>
UPDATE: Spark's tilt to mobile, data drives up 1/2 profit 9%
Thursday, 18 February 2016, 10:18 am | BusinessDesk
UPDATE: Spark's tilt to mobile, data drives up 1/2 profit 9% (Adds detail) More >>
POT 1/2 profit falls 9% on drop in log volumes
Thursday, 18 February 2016, 10:00 am | BusinessDesk
,h3>POT 1/2 profit falls 9% on drop in log volumes By Jonathan Underhill More >>
Skellerup 1/2 profit slips on weaker agricultural unit
Thursday, 18 February 2016, 9:53 am | BusinessDesk
Feb. 18 (BusinessDesk) - Skellerup Holdings' first half profit edged lower and it pulled back expectations for the full year as weakness in its agricultural business weighed on improved earnings from its industrial unit. More >>
Steel & Tube profit lifts on property sales
Thursday, 18 February 2016, 9:41 am | BusinessDesk
Feb. 18 (BusinessDesk) - Steel & Tube Holdings, the NZX-listed steel products distributor, lifted first-half profit 47 percent, although without income from property sales, their earnings fell as the price of steel continued to decline, fuelling intense ... More >>
FIRST CUT: Spark lifts first-half profit 9%
Thursday, 18 February 2016, 8:56 am | BusinessDesk
Feb. 18 (BusinessDesk) - Spark New Zealand, the country's biggest telecommunications company, lifted first-half profit 9 percent as its mobile and broadband businesses offset declines in its fixed line units and said it wants to keep paying special ... More >>
Fletcher to maintain credit lines 'for rainy day'
Thursday, 18 February 2016, 8:38 am | BusinessDesk
Feb. 18 (BusinessDesk) - Fletcher Building, which has about $600 million in undrawn credit lines and cash, plans to maintain its debt facilities for a "rainy day" and to give it more flexibility to acquire new businesses, says chief executive Mark ... More >>
NZ dollar rises as commodity currencies buoyed by oil prices
Thursday, 18 February 2016, 8:34 am | BusinessDesk
Feb. 18 (BusinessDesk) - The New Zealand dollar gained as an increase in oil prices lifted commodity linked currencies. More >>
While you were sleeping: Stocks, oil rally
Thursday, 18 February 2016, 7:45 am | BusinessDesk
Feb. 18 (BusinessDesk) - Equities on both sides of the Atlantic rallied with the price of oil on hopes efforts to ease the global glut are progressing. More >>
MARKET CLOSE: NZ shares rise as reporting season runs
Wednesday, 17 February 2016, 5:53 pm | BusinessDesk
A2 Milk shares gained 3.5 percent to $2.10. The stock touched an all-time high of $2.61 in intraday trading after the specialty milk marketer boosted first-half profit and raised its estimate for full-year earnings on a surge in demand for its infant ... More >>
NZ dollar falls as weak dairy prices add to case for OCR cut
Wednesday, 17 February 2016, 5:23 pm | BusinessDesk
Feb. 17 (BusinessDesk) - The New Zealand dollar fell as weaker dairy prices added to yesterday's subdued expectations for inflation in building a case for the Reserve Bank to cut the official cash rate. More >>
Auckland Airport sacks worker over missing $1.8 mln
Wednesday, 17 February 2016, 4:22 pm | BusinessDesk
Feb. 17 (BusinessDesk) - Auckland International Airport has sacked a worker and called in the police after finding what it called "several unauthorised transactions" totalling $1.84 million. More >>
Fonterra to benefit from decades-low rates with bond sale
Wednesday, 17 February 2016, 3:29 pm | BusinessDesk
Fonterra to benefit from decades-low interest rates in sale of $150M of 7-year bonds More >>
Weak dairy prices raise doubts about Fonterra forecast
Wednesday, 17 February 2016, 3:25 pm | BusinessDesk
Feb. 17 (BusinessDesk) - Continued weakness in dairy prices is stoking speculation over Fonterra Cooperative Group's ability to meet its current farmgate milk price, which it revised lower as recently as last month. More >>
