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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 754]
Labour takes 5 point hit in Roy Morgan poll
Thursday, 20 August 2015, 2:14 pm | BusinessDesk
Aug. 20 (BusinessDesk) - The Labour Party has taken a 5 point hit, dropping to 27 percent support from 32 percent in a Roy Morgan New Zealand poll taken earlier this month, the first by the Australian-based pollster since Labour sought to highlight ... More >>
NZ consumer confidence falls for fourth month to 3-year low
Thursday, 20 August 2015, 1:49 pm | BusinessDesk
Aug. 20 (BusinessDesk) - New Zealand consumer confidence fell for a fourth month to its lowest level in three years as sentiment weakened on the prospects for the year ahead. More >>
UPDATE: A2 Milk eyes infant formula for sales growth
Thursday, 20 August 2015, 12:56 pm | BusinessDesk
UPDATE: A2 Milk eyes infant formula for sales growth after ASX listing costs result in loss More >>
Jetstar NZ profitable for first time, Qantas back in black
Thursday, 20 August 2015, 12:20 pm | BusinessDesk
Aug. 20 (BusinessDesk) - Jetstar, the discount unit of Australia's Qantas Airways, achieved its first underlying profit in New Zealand after boosting passenger numbers and ramping up competition with dominant carrier Air New Zealand. More >>
WhosOnLocation plans capital raise as US plans accelerate
Thursday, 20 August 2015, 11:51 am | BusinessDesk
Aug. 20 (BusinessDesk) - Wellington-based cloud services firm WhosOnLocation is in discussions with several venture capitalists and private equity funds on a "multi-million dollar" capital raising round to be concluded by December this year, following ... More >>
Tolling to play growing role in infrastructure cost control
Thursday, 20 August 2015, 11:31 am | BusinessDesk
Aug. 20 (BusinessDesk) - Charging users for some types of public infrastructure will increasingly feature as a way to save taxpayers much larger bills to meet future needs, but "should never be used simply to raise revenue," says Finance ... More >>
AMP's NZ unit lifts 1st-half profit 9% on claims management
Thursday, 20 August 2015, 11:26 am | BusinessDesk
Aug. 20 (BusinessDesk) - AMP Financial Services New Zealand, the local operation of the Australian fund manager and insurer, lifted first-half operating profit 9 percent by keeping control of costs while improving management of insurance claims. More >>
Port of Tauranga FY profit up 1% as exports stall
Thursday, 20 August 2015, 10:37 am | BusinessDesk
Port of Tauranga full-year profit edges up 1% as growth in export volumes stalls More >>
Skellerup lifts annual profit 6%, beating guidance
Thursday, 20 August 2015, 10:35 am | BusinessDesk
Aug. 20 (BusinessDesk) - Skellerup Holdings, the industrial rubber goods firm, lifted annual profit 6 percent, beating expectations, as a focus on the US, China and South American markets offset a downturn in Australia and New Zealand. More >>
APN first half profit drops 67%, paywall to start this year
Thursday, 20 August 2015, 10:30 am | BusinessDesk
Aug. 20 (BusinessDesk) - APN News & Media, the Australasian publisher and radio station operator, is taking its first step toward a digital subscription model for its New Zealand flagship newspaper, the New Zealand Herald, and plans to roll out ... More >>
A2 Milk turns to annual loss on increased costs
Thursday, 20 August 2015, 10:12 am | BusinessDesk
Aug. 20 (BusinessDesk) - A2 Milk, the specialty milk marketing company, turned to an annual loss despite a hike in revenue as it invests in offshore expansion and absorbed costs from its ASX listing. More >>
Genesis Energy confirms end to Solid Energy coal contract
Thursday, 20 August 2015, 9:49 am | BusinessDesk
Aug. 20 (BusinessDesk) - Genesis Energy confirmed it will terminate its coal supply contract with state-owned coal miner Solid Energy, which was placed into voluntary administration last week ahead of an attempt to sell its assets over the next 2 1/2 ... More >>
Accounting and earn-out adjustments help Intueri first-half
Thursday, 20 August 2015, 9:44 am | BusinessDesk
Aug. 20 (BusinessDesk) - Intueri Education Group, the private training college that's twice downgraded its annual earnings outlook, boosted first-half profit 277 percent in a result bolstered by the reversal of charges it thought it would have to pay ... More >>
NZ Refining 1H turnaround after weak dollar, low oil prices
Thursday, 20 August 2015, 9:32 am | BusinessDesk
Aug. 20 (BusinessDesk) - New Zealand Refining, the country's only oil refinery, has delivered what management describe as a "remarkable improvement" in its first half, underpinned by a weaker currency and dramatically lower oil prices. More >>
Trade Me profit flat as higher expenses offset revenue rise
Thursday, 20 August 2015, 9:23 am | BusinessDesk
Aug. 20 (BusinessDesk) - Trade Me, New Zealand's largest online auction site, posted a similar profit for its 2015 financial year to 2014 as increased spending ate into bigger revenues. More >>
NZ dollar above 66 US cents as US Sept rate hike hopes fade
Thursday, 20 August 2015, 8:43 am | BusinessDesk
Aug. 20 (BusinessDesk) - The New Zealand dollar jumped higher after the minutes of the Federal Reserve's last meeting pushed out expectations for a US interest rate hike, damping demand for the greenback. More >>
Foreign-owned firms grab most end value from NZ dairy
Thursday, 20 August 2015, 8:09 am | BusinessDesk
Aug. 20 (BusinessDesk) - Most of the end value of New Zealand’s dairy ingredients is being captured by foreign-owned firms beyond the border, a new report shows. More >>
While you were sleeping: US rate hike rethink
Thursday, 20 August 2015, 7:35 am | BusinessDesk
Aug. 20 (BusinessDesk) - Wall Street fell, while US Treasuries rose, after minutes from the July Federal Reserve meeting suggested US policy makers might not raise interest rates next month. More >>
Classing farming as low risk a 'dangerous message'
Wednesday, 19 August 2015, 6:20 pm | BusinessDesk
Aug. 19 (BusinessDesk) - A coalition of big business leaders says the government "sends a dangerous message" by classing farming as a low risk activity as details emerge in the long-delayed Health and Safety Reform Bill ahead of its ... More >>
MARKET CLOSE: NZ shares rise after Meridian, Fletcher report
Wednesday, 19 August 2015, 5:32 pm | BusinessDesk
Aug. 19 (BusinessDesk) - New Zealand shares rose as Meridian Energy, Fletcher Building and Precinct Properties New Zealand advanced on positive financial results. More >>
