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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 698]
MARKET CLOSE: NZ shares rise; Kathmandu gains on outlook
Friday, 20 November 2015, 5:45 pm | BusinessDesk
Nov. 20 (BusinessDesk) - New Zealand shares rose after Kathmandu Holdings reported first-quarter margin growth and affirmed its full-year target, while Tower fell after warning that increased costs would dent profit. More >>
Innovation, adaptability key to corporate sustainability
Friday, 20 November 2015, 5:10 pm | BusinessDesk
Nov. 20 (BusinessDesk) - Two important factors often ignored by investors when assessing companies are innovation capacity and adaptability and responsiveness despite the pace of technological change which makes them increasingly critical, says Matthew ... More >>
NZ dollar heads for 0.6% weekly gain
Friday, 20 November 2015, 5:09 pm | BusinessDesk
NZ dollar heads for 0.6% weekly gain as gradual rise in US rates take sheen off greenback More >>
NZ lamb wool rises to record high heading into new season
Friday, 20 November 2015, 4:36 pm | BusinessDesk
NZ lamb wool rises to record high heading into new season amid strong Chinese demand More >>
Cavalier promotes CFO Paul Alston to top job
Friday, 20 November 2015, 3:55 pm | BusinessDesk
Nov. 20 (BusinessDesk) - Cavalier Corp, the unprofitable carpet maker, has promoted finance chief Paul Alston to the top job, a role he's had on an acting basis since Colin McKenzie stepped down in May. More >>
Dairy futures signal 6% gain at next GDT auction
Friday, 20 November 2015, 3:47 pm | BusinessDesk
Nov. 20 (BusinessDesk) - New Zealand whole milk powder futures contracts advanced, suggesting prices for the commodity may gain at the next GlobalDairyTrade auction. More >>
UPDATE: Icebreaker mum on Pencarrow as Moon cedes control
Friday, 20 November 2015, 2:20 pm | BusinessDesk
Nov. 20 (BusinessDesk) - Icebreaker is keeping mum on the implications of Pencarrow Private Equity's arrival on its share register and board, which has seen the family of Jeremy Moon cede control of the merino wool clothing company he founded. More >>
Less rigid rules key to success in Paris climate talks: Kerr
Friday, 20 November 2015, 2:03 pm | BusinessDesk
Nov. 20 (BusinessDesk) - The use of non-binding national commitments to act on climate change is the most "exciting" and necessary result required from next month's global climate change summit, in Paris, says climate change policy expert Suzi Kerr. More >>
NZ export log prices jump to 7-month high on China pickup
Friday, 20 November 2015, 1:47 pm | BusinessDesk
NZ export log prices jump to 7-month high on pick up in Chinese demand More >>
Spark joins firms tapping debt market with bond offer
Friday, 20 November 2015, 1:40 pm | BusinessDesk
Spark joins firms tapping debt market, to sell up to $150 mln of seven-year bonds More >>
Warehouse changes dividend policy to fund financial unit
Friday, 20 November 2015, 1:13 pm | BusinessDesk
Nov. 20 (BusinessDesk) - Warehouse Group, the country’s largest listed retailer, has changed its dividend policy to allow eventual profits from its new financial services group to be ploughed back into building up its lending book. More >>
Kathmandu affirms profit guidance, acts on 'sales fatigue'
Friday, 20 November 2015, 12:33 pm | BusinessDesk
Nov. 20 (BusinessDesk) - Kathmandu Holdings, the outdoor clothing retailer that spurned a takeover offer this year, affirmed its guidance for 2016 profit growth after lifting gross margin in the first quarter, and said it would refresh its promotions strategy ... More >>
Cooks Food shareholders back plans to build war chest
Friday, 20 November 2015, 12:31 pm | BusinessDesk
Nov. 20 (BusinessDesk) - Cooks Global Foods shareholders today backed plans to build a war chest for China's Jiajiayue Group (JJY) and chairman Keith Jackson to inject funds into the business by buying shares, before seeking further equity capital from ... More >>
Pencarrow takes 38% stake in Icebreaker
Friday, 20 November 2015, 11:44 am | BusinessDesk
Nov. 20 (BusinessDesk) - Pencarrow Private Equity, whose past investments have included paper merchant BJ Ball and buggy maker Phil & Teds, has taken a 38 percent stake in merino wool clothing company Icebreaker. More >>
Intueri pleads guilty to one charge over diving school death
Friday, 20 November 2015, 11:03 am | BusinessDesk
Nov. 20 (BusinessDesk) - Intueri Education Group, New Zealand's largest private training institution, has cut a deal with Worksafe New Zealand, pleading guilty to one charge over a student death at its diving school last year, with four remaining ... More >>
IkeGPS widens 1H loss to $3 million
Friday, 20 November 2015, 10:56 am | BusinessDesk
IkeGPS widens 1H loss to $3 mln; sees trebling of annual sales on strong smartphone demand More >>
Serko warns on FY sales as 1H comes in at bottom of range
Friday, 20 November 2015, 10:01 am | BusinessDesk
Serko warns on annual sales as first-half comes in at bottom of range, may raise capital More >>
Blis forecasts doubling in FY sales, small pretax surplus
Friday, 20 November 2015, 9:44 am | BusinessDesk
Blis forecasts doubling in full-year sales, small pretax surplus, after first-half loss narrows More >>
Ryman boosts 1st-half profit 23%; reaffirms annual earnings
Friday, 20 November 2015, 9:36 am | BusinessDesk
Nov. 20 (BusinessDesk) - Ryman Healthcare, New Zealand’s largest retirement village operator, posted a 23 percent gain in first-half profit as revenue increased from a bigger asset base and it lifted the value of properties. More >>
Increased Canterbury quake costs pushed Tower into the red
Friday, 20 November 2015, 9:12 am | BusinessDesk
Nov. 20 (BusinessDesk) - Tower, the general insurer, says it will report an annual loss next week after raising its provisioning for the cost of the Canterbury earthquake caused by more expensive repairs and rebuilds from its outstanding claims. More >>
