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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 802]
Smartpay profit falls as Aussie customer quits on cab deal
Friday, 29 May 2015, 3:34 pm | BusinessDesk
Smartpay profit falls 9.5% as foray into Aussie cab market costs it major contract More >>
CPA Australia takes defamation action against rival NZ body
Friday, 29 May 2015, 3:28 pm | BusinessDesk
May 29 (BusinessDesk) - CPA Australia is taking defamation action against The New Zealand Institute of Chartered Accountants, alleging its rival made false and defamatory statements, alleging "inferior" education standards, lack of global affiliations, ... More >>
Dorchester Property investors vote bid to dump manager
Friday, 29 May 2015, 2:41 pm | BusinessDesk
May 29 (BusinessDesk) - Unitholders in the Dorchester Property Trust have rejected a resolution from one of the investors to dump the manager of the hotel investor which was spun out five years ago from the financier and insurer formerly known as ... More >>
NZ business confidence falls to lowest level since September
Friday, 29 May 2015, 1:41 pm | BusinessDesk
May 29 (BusinessDesk) - New Zealand business confidence slid to its lowest level since the general election last year as optimism about the economy waned and inflation expectations fell to a historic low. More >>
Caniwi snaps up another Wellington student apartment complex
Friday, 29 May 2015, 1:15 pm | BusinessDesk
May 29 (BusinessDesk) - Wellington-based investment firm Caniwi Capital has paid $33.3 million to acquire a newly refurbished Victoria University student accommodation block formerly housing ANZ Bank operations in the Wellington central business district. More >>
Powerco's annual profit falls 20% as it pays more tax
Friday, 29 May 2015, 12:45 pm | BusinessDesk
May 29 (BusinessDesk) - Powerco, the energy lines company, reported a 20 percent drop in annual profit as it paid more tax and didn't realise gains on financial instruments. More >>
UPDATE: F&P Healthcare says earnings will increase this year
Friday, 29 May 2015, 12:42 pm | BusinessDesk
May 29 (BusinessDesk) - Fisher & Paykel Healthcare, the medical device maker, beat its forecast for annual profit and said earnings would rise further in the coming year. More >>
UPDATE: F&P Healthcare says earnings will increase this year
Friday, 29 May 2015, 12:42 pm | BusinessDesk
May 29 (BusinessDesk) - Fisher & Paykel Healthcare, the medical device maker, beat its forecast for annual profit and said earnings would rise further in the coming year. More >>
Sealegs FY loss widens on restructuring costs, impairments
Friday, 29 May 2015, 12:00 pm | BusinessDesk
May 29 (BusinessDesk) - Sealegs Corp, the amphibious vehicle maker whose founder had to step in fill the vacant chief executive position last November, reported a wider annual loss in the latest financial year as an overhaul of the business resulted ... More >>
NZ building consents fall in April, apartment permits soar
Friday, 29 May 2015, 11:52 am | BusinessDesk
May 29 (BusinessDesk) - New Zealand building consents fell in April, after the previous month's strong gain, as intentions to build houses decreased, while apartment permits climbed on the back of demand in Auckland for affordable housing. More >>
CORRECT: Auditor-General probes former SFO boss Feeley
Friday, 29 May 2015, 11:27 am | BusinessDesk
CORRECT: Auditor-General probes former SFO boss Feeley over family interests in Queenstown housing accord More >>
Auditor-General probes former SFO boss's housing accord link
Friday, 29 May 2015, 11:16 am | BusinessDesk
May 29 (BusinessDesk) - Auditor-General Lyn Provost has launched an inquiry into how Queensland Lakes District Council and its chief executive, former Serious Fraud office boss Adam Feeley, managed his interest in family-owned land being considered ... More >>
Hellaby sells packaging division to Coveris for about $30M
Friday, 29 May 2015, 11:16 am | BusinessDesk
May 29 (BusinessDesk) - Hellaby Holdings, the NZX-listed diversified investment company, has sold its packaging division to Coveris, one of the world’s largest plastic packaging and coatings companies. More >>
Cooperative Bank lifts annual profit 24% on expanding loans
Friday, 29 May 2015, 11:08 am | BusinessDesk
May 29 (BusinessDesk) - The Cooperative Bank, formerly known as PSIS, lifted annual profit 24 percent for a second year as it continued to expand its loan book, reduce bad debts, and fatten margins. More >>
IkeGPS expects to perform to prospectus in 2016
Friday, 29 May 2015, 11:00 am | BusinessDesk
May 29 (BusinessDesk) - IkeGPS, the laser measurement tool developer, expects to meet its prospectus forecasts in 2016, despite under-performing on sales and running a month late on its new product rollout in the year ended March 31. More >>
Veritas slashes profit guidance by 19% as Nosh stalls
Friday, 29 May 2015, 10:21 am | BusinessDesk
May 29 (BusinessDesk) - Veritas Investments, the food and beverage investor, has slashed its full year profit guidance 19 percent, blaming a slower than expected turnaround in its gourmet supermarket chain, Nosh Food Market, and tighter drink-driving ... More >>
F&P Healthcare beats annual profit forecasts
Friday, 29 May 2015, 9:56 am | BusinessDesk
May 29 (BusinessDesk) - Fisher & Paykel Healthcare, the medical device maker, beat its forecast for annual profit and said earnings would rise further in the coming year. More >>
NZ dollar drops to four-year low on low Fonterra forecast
Friday, 29 May 2015, 8:40 am | BusinessDesk
NZ dollar drops to four-year low on concern low Fonterra payout will dent economy More >>
While you were sleeping: US rates, Greece in focus
Friday, 29 May 2015, 6:18 am | BusinessDesk
May 29 (BusinessDesk) - Equities on both sides of the Atlantic moved lower as investors tried to gauge the timing of a US Federal Reserve interest rate increase, and the potential for a deal between Greece and its international creditors to stave off ... More >>
MARKET CLOSE: NZ shares rise, led by Spark
Thursday, 28 May 2015, 5:42 pm | BusinessDesk
May 28 (BusinessDesk) - The New Zealand shares rose as Spark New Zealand rebounded from a year-low. Ryman Healthcare extended its post-earnings advance. More >>
