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 748]
Retiring FPH CEO Daniell says narrower focus key to success
Friday, 28 August 2015, 9:13 am | BusinessDesk
Aug. 28 (BusinessDesk) - Retiring Fisher & Paykel Healthcare boss Mike Daniell says he realised the importance of focus rather than diversifying the company's efforts about 20 years ago. More >>
MRP latest power company to declare special dividend
Friday, 28 August 2015, 9:11 am | BusinessDesk
Aug. 28 (BusinessDesk) - MightyRiverPower has become the latest electricity generator-retailer to announce a special dividend in the current earnings season, at the same time as announcing a 22 percent fall in underlying earnings after tax for the year to June ... More >>
NZ dollar advances as commodity-linked currencies buoyed
Friday, 28 August 2015, 8:28 am | BusinessDesk
Aug. 28 (BusinessDesk) - The New Zealand dollar edged up along with other commodity linked currencies, with gains limited by a stronger US dollar buoyed by better economic data. More >>
While you were sleeping: US growth surprises
Friday, 28 August 2015, 7:53 am | BusinessDesk
Aug. 28 (BusinessDesk) - Wall Street rose after a report showing the US economy grew more than expected, Chinese equities stemmed a five-day drop, and oil soared. More >>
MARKET CLOSE: NZ joins global rebound
Thursday, 27 August 2015, 5:33 pm | BusinessDesk
Aug. 27 (BusinessDesk) - New Zealand shares rose in a global rebound after Wall Street benchmarks rallied some 4 percent overnight. A2 Milk Co, Auckland International Airport and Metro Performance Glass clawed back from recent losses. More >>
Government, Auckland agree on transport funding approach
Thursday, 27 August 2015, 5:24 pm | BusinessDesk
Aug. 27 (BusinessDesk) - The government and Auckland Council have reached a detente over transport funding, establishing a one-year, collaborative timetable for decisions on funding for the city's transport infrastructure growth in the next 30 years after ... More >>
NZ dollar falls as traders reduce bets on Fed hike in Sept
Thursday, 27 August 2015, 5:14 pm | BusinessDesk
NZ dollar falls as traders wind back bets on Fed hike in September, helping lift greenback More >>
UPDATE: Hellaby returns to profit in 2015
Thursday, 27 August 2015, 4:06 pm | BusinessDesk
Aug. 27 (BusinessDesk) - Hellaby Holdings returned to profit in 2015 as it benefited from a series of acquisitions a year earlier, and has decided to put its footwear units up for sale after writing down their value in 2014, while looking across the ... More >>
h3> UPDATE: F&P Healthcare earnings targets $1 bln
Thursday, 27 August 2015, 4:01 pm | BusinessDesk
UPDATE: F&P Healthcare on target to reach $1 bln operating earnings in next 3 years More >>
UPDATE: NZ regulations need to be technology agnostic: Adams
Thursday, 27 August 2015, 3:07 pm | BusinessDesk
Aug. 27 (BusinessDesk) - Communications and Broadcasting Minister Amy Adams wants to drag New Zealand's regulatory framework away from being technology specific in a wide-ranging review of the digital sector and its growing entanglement with other ... More >>
Govt to introduce consumer test on anti-dumping law
Thursday, 27 August 2015, 2:21 pm | BusinessDesk
Aug. 27 (BusinessDesk) - The government will introduce a new consumer welfare test to anti-dumping laws which it says will balance the interests of end-users with those of local manufacturers. More >>
Mobil says Z purchase of Caltex concentrates loyalty schemes
Thursday, 27 August 2015, 2:13 pm | BusinessDesk
Aug. 27 (BusinessDesk) - Mobil Oil New Zealand says Z Energy’s acquisition of the rival Caltex and Challenge! service station chains would concentrate fuel discount arrangements within a single market player and undermine competition in the market. More >>
Investigation launched into Aupori Maori Trust Board
Thursday, 27 August 2015, 2:05 pm | BusinessDesk
Aug. 27 (BusinessDesk) - Maori Development Minister Te Ururoa Flavell has launched a ministerial investigation into the financial woes at Aupouri Maori Trust Board, which led it to stop providing services this week. More >>
Hellaby returns to profit in 2015
Thursday, 27 August 2015, 1:40 pm | BusinessDesk
Hellaby returns to profit in 2015 as acquisitions add earnings; plans to sell footwear units More >>
F&P Healthcare lifts earnings guidance; CEO Daniell retires
Thursday, 27 August 2015, 1:23 pm | BusinessDesk
Aug. 27 (BusinessDesk) - Fisher & Paykel Healthcare, the medical devices manufacturer, lifted its 2016 earnings guidance on the back of a favourable exchange rate and said long-time managing director Mike Daniell will retire. More >>
Truck shops come under Comcom scrutiny
Thursday, 27 August 2015, 12:48 pm | BusinessDesk
Truck shops target poor with sharp prices, lower-quality goods, non-compliant contracts, regulator says More >>
Landcorp strategy of dairy investment at odds over dividends
Thursday, 27 August 2015, 12:27 pm | BusinessDesk
Aug. 27 (BusinessDesk) - Landcorp Farming, which is taking on debt to convert former forestry land into dairy farms, won't pay a dividend this year, highlighting the friction between the state-owned farmer's long-term strategy and the government's ... More >>
CORRECT: Vodafone NZ posts $120.7M FY loss on Telstra costs
Thursday, 27 August 2015, 11:43 am | BusinessDesk
CORRECT: Vodafone NZ posts $120.7 mln full-year loss on Telstra costs, weaker sales More >>
UPDATE: Scales shares rise 2% as Mr Apple drives earnings
Thursday, 27 August 2015, 11:03 am | BusinessDesk
Aug. 27 (BusinessDesk) - Scales Corp shares rose 2 percent after the country's biggest apple exporter boosted first-half profit 61 percent as its Mr Apple unit beat expectations. More >>
Airwork full-year profit jumps 58% on helicopter growth
Thursday, 27 August 2015, 10:46 am | BusinessDesk
Aug. 27 (BusinessDesk) - Airwork Holdings, the listed aviation services firm, posted a 58 percent gain in full-year profit, as growth in earnings from helicopter engineering and leasing made up for a weaker performance from fixed-wing aircraft. More >>
