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 697]
Orion Health first-half loss widens, sales climb
Wednesday, 25 November 2015, 9:34 am | BusinessDesk
Orion Health first-half loss widens in line with expectations as revenue climbs 26%, bolstered by weak kiwi More >>
Hallenstein margin erosion continues even as sales rise
Wednesday, 25 November 2015, 9:31 am | BusinessDesk
Nov. 25 (BusinessDesk) - Hallenstein Glasson Holdings, the clothing retailer, said margins continued to erode in the first 16 weeks of the year in the face of "intense competition" and the impact of weaker Australian and New Zealand dollars. More >>
Government outlines ETS balancing act
Tuesday, 24 November 2015, 10:24 pm | BusinessDesk
Nov. 24 (BusinessDesk) - The sweetheart deal that halves carbon-emitting industries' obligations under the emissions trading scheme may end as early mid-2016, based on a discussion document seeking public submissions on the government's official review ... More >>
A quarter of NZ food and beverage firms are foreign-owned
Tuesday, 24 November 2015, 7:00 pm | BusinessDesk
Nov. 23 (BusinessDesk) - A government-commissioned report aimed at attracting more investment into New Zealand’s growing food and beverage sector says about a quarter of the sector is already foreign-owned. More >>
MARKET CLOSE: NZ shares rise as A2 Milk extends rally
Tuesday, 24 November 2015, 5:33 pm | BusinessDesk
MARKET CLOSE: NZ shares rise as A2 Milk extends rally; Air NZ falls as yields weaken More >>
NZ dollar little changed ahead of US economic data
Tuesday, 24 November 2015, 5:15 pm | BusinessDesk
Nov. 24 (BusinessDesk) - The New Zealand dollar was little changed as investors await US economic data in a shortened trading week to give them a clearer steer on whether the Federal Reserve will start hiking interest rates next month. More >>
Green Cross Health posts 20% gain in first-half profit
Tuesday, 24 November 2015, 5:14 pm | BusinessDesk
Nov. 24 (BusinessDesk) - Green Cross Health, the primary healthcare group formerly known as PharmacyBrands, posted a 20 percent gain in first-half profit on increased returns from its Life Pharmacy and Unichem pharmacy chains and a contribution from ... More >>
Bay of Plenty knocks Auckland from top spot in scorecard
Tuesday, 24 November 2015, 5:04 pm | BusinessDesk
Nov. 24 (BusinessDesk) - A strong housing market and jobs growth has seen the Bay of Plenty knock Auckland from the top spot as New Zealand’s best-performing region, in the latest ASB/Main Report Regional Economic Scoreboard. More >>
Frucor digs in over tax dispute as other firms settle
Tuesday, 24 November 2015, 1:21 pm | BusinessDesk
Nov. 24 (BusinessDesk) - Frucor Beverages, the Suntory Holdings-owned drinks maker whose brands include V, Just Juice and Fresh-up, is still embroiled in a dispute with the Inland Revenue Department over its use of convertible notes more than a ... More >>
Frucor digs in over tax dispute as over firms settle
Tuesday, 24 November 2015, 1:21 pm | BusinessDesk
Nov. 24 (BusinessDesk) - Frucor Beverages, the Suntory Holdings-owned drinks maker whose brands include V, Just Juice and Fresh-up, is still embroiled in a dispute with the Inland Revenue Department over its use of convertible notes more than a ... More >>
NPT lifts first-half earnings 6.1%
Tuesday, 24 November 2015, 1:15 pm | BusinessDesk
Nov. 24 (BusinessDesk) - NPT, the listed property investor, increased first-half earnings 6.1 percent as rental income from its retail buildings dragged up revenue, while a lift in the value of its overall property portfolio almost doubled profit. More >>
Cavalier shareholder questions $470,000 CEO payment
Tuesday, 24 November 2015, 12:53 pm | BusinessDesk
Nov. 24 (BusinessDesk) - A shareholder in carpet manufacturer Cavalier Corp has questioned the large termination payment made to former chief executive and managing director Colin McKenzie after the company reported its worst loss in history, stopped paying ... More >>
Tower posts loss on ballooning quake costs, hikes dividend
Tuesday, 24 November 2015, 9:24 am | BusinessDesk
Nov. 24 (BusinessDesk) - Tower, the general insurer, posted an annual loss as it prepares for more expensive claims from the Canterbury spate of earthquakes, but raised its dividend payout to reflect a stronger underlying earnings performance. More >>
Cavalier expects annual profit to rise following restructure
Tuesday, 24 November 2015, 9:08 am | BusinessDesk
Nov. 24 (BusinessDesk) - Cavalier Corp expects annual earnings to rise this year as the New Zealand carpet maker restructures its business to boost profitability. Normalised profit is expected to be in the range of $3 million-to-$5 million in the ... More >>
NZ dollar holds at 65 US cent 'Goldilocks' level
Tuesday, 24 November 2015, 8:44 am | BusinessDesk
Nov. 24 (BusinessDesk) - The New Zealand dollar held around its 65 US cent support level overnight, heading into a shortened trading week when US markets will be on holiday. More >>
While you were sleeping: US dollar hits commodities
Tuesday, 24 November 2015, 7:45 am | BusinessDesk
Nov. 24 (BusinessDesk) - Gains in the US dollar amid bets on a Federal Reserve interest rate increase in December pushed commodities including copper and gold lower. More >>
Market Close:NZ shares climb to new record as a2,Ryman rally
Monday, 23 November 2015, 5:40 pm | BusinessDesk
Market Close:NZ shares climb to new record as a2,Ryman rally By Paul McBeth More >>
NZ dollar falls as greenback rebounds from sell-off
Monday, 23 November 2015, 5:08 pm | BusinessDesk
,h3>NZ dollar falls as greenback rebounds from sell-off Fonterra Cooperative Group shareholders have re-elected chairman John Wilson to the board despite speculation there has been a campaign to remove him from office after he and the dairy giant ... More >>
NZ Dollar Outlook:Kiwi faces volatile week due to US holiday
Monday, 23 November 2015, 3:09 pm | BusinessDesk
Nov. 23 (BusinessDesk) - The New Zealand dollar may be volatile this week amid lower liquidity during a holiday-shortened trading week in the US, and as investors look to upcoming data for signals on key interest rate reviews looming next month. More >>
Tourism Holdings sees 10% lift in 2016 profit
Monday, 23 November 2015, 2:57 pm | BusinessDesk
Nov. 23 (BusinessDesk) - Tourism Holdings, the campervan rental company, expects to lift profit 10 percent in the 2016 financial year, and is weighing up potential acquisitions globally and in the broader tourism industry. More >>
