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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 806]
El Nino weather pattern may dent NZ farm output: BNZ
Monday, 25 May 2015, 3:57 pm | BusinessDesk
May 25 (BusinessDesk) - The El Nino weather pattern that meteorological forecasters are predicting this year is likely to reduce New Zealand's agricultural output, based on historic data, economists at Bank of New Zealand say. More >>
NPT posts 16% drop in FY profit on smaller valuation uplift
Monday, 25 May 2015, 2:09 pm | BusinessDesk
May 25 (BusinessDesk) - NPT, the listed property investor, posted a 16 drop in annual profit, reflecting a bigger uplift in the year-earlier period from a revaluation of properties. More >>
Triliogy pays first dividend as FY profit more than triples
Monday, 25 May 2015, 1:57 pm | BusinessDesk
May 25 (BusinessDesk) - Trilogy International, the skincare products and scented candle maker, announced its first dividend after annual profit more than tripled on Australian sales growth and the first earnings from its Ecoya candle brand. More >>
Apple Fields' directors fined $30,000 over filing omissions
Monday, 25 May 2015, 1:07 pm | BusinessDesk
May 25 (BusinessDesk) - Justin Prain and Mark Schroeder, directors of the formerly NZX-listed Apple Fields, have been fined $30,000 each for failing to file financial statements for three years. More >>
NZ Dollar Outlook: Kiwi may fall as US outlook brightens
Monday, 25 May 2015, 12:13 pm | BusinessDesk
May 25 (BusinessDesk) - The New Zealand dollar is expected to head lower this week as traders bet an improving US economy will push the greenback higher. More >>
Nuplex projects 64% gain in Asia sales by 2018
Monday, 25 May 2015, 11:24 am | BusinessDesk
May 25 (BusinessDesk) - Nuplex Industries, which makes resins used in industrial coatings and paint, is forecasting a 64 percent gain in sales in Asia by 2018 as its expansion of plants in China, Vietnam, Thailand and Indonesia bears fruit. More >>
UPDATE: Contact shares rocket up on capital return plans
Monday, 25 May 2015, 10:39 am | BusinessDesk
May 25 (BusinessDesk) - Contact Energy shares jumped more than 14 percent after the energy generator and retailer said it had ditched plans for now to invest in geothermal schemes offshore and will increase returns to shareholders, including a special dividend. More >>
Methven lifts FY profit 21% as new China plant comes online
Monday, 25 May 2015, 10:23 am | BusinessDesk
May 25 (BusinessDesk) - Methven, the NZX-listed tap and shower manufacturer and exporter, lifted annual profit 21 percent, in line with guidance, after the acquisition of a Chinese manufacturing plant widened margins. More >>
Evolve posts smaller FY loss than forecast
Monday, 25 May 2015, 9:45 am | BusinessDesk
May 25 (BusinessDesk) - Evolve Education Group, the childcare operator that listed in December, reported a smaller annual loss than forecast in its offer document as it settled a series of acquisitions faster than anticipated, driving higher revenue. More >>
Contact cans offshore plans, gives special dividend
Monday, 25 May 2015, 9:07 am | BusinessDesk
May 25 (BusinessDesk) - Contact Energy has dropped any immediate plans to invest in offshore geothermal energy projects in favour of paying a 50 cents per share special dividend to shareholders, raising its target dividend payout to 100 percent of underlying ... More >>
KiwiSaver providing poor value for money, Treasury says
Monday, 25 May 2015, 8:38 am | BusinessDesk
May 25 (BusinessDesk) - The Treasury recommended a wider review of the KiwiSaver scheme than just axing the $1,000 kick-start payment, arguing it represents poor value for money for the government and has vague aims, according to its regulatory ... More >>
NZ dollar falls after US inflation repport, Yellen speech
Monday, 25 May 2015, 8:27 am | BusinessDesk
May 25 (BusinessDesk) - The New Zealand fell as the US dollar strengthened following signs of rising US inflation and after Federal Reserve chair Janet Yellen said interest rates were on track to increase this year. More >>
World Week Ahead: Investors seek new inputs
Monday, 25 May 2015, 7:43 am | BusinessDesk
May 25 (BusinessDesk) - As earnings season fades and data continues to disappoint, investors are searching for fresh reasons to extend their equities bets after global markets mostly extended their bull-market rallies last week in lighter than usual ... More >>
MARKET CLOSE: NZ shares rise, led by Coats; Nuplex gains
Friday, 22 May 2015, 5:37 pm | BusinessDesk
May 22 (BusinessDesk) - New Zealand shares rose, led by Coats Group after it said earnings were on track. Nuplex Industries advanced after it flagged it would lift its dividend payments. More >>
NZ dollar heads for 1.2% weekly decline
Friday, 22 May 2015, 5:12 pm | BusinessDesk
May 22 (BusinessDesk) - The New Zealand dollar is heading for a 1.2 percent weekly decline this week as investors weigh up whether measures to reign in the country's housing market will free up the Reserve Bank to cut interest rates. More >>
NZ wool prices jump to multi-year high at auction
Friday, 22 May 2015, 5:09 pm | BusinessDesk
May 22 (BusinessDesk) - New Zealand wool prices jumped to multi-year highs at auction even as the volume on offer rose 78 percent, amid strong demand from exporters. More >>
UPDATE: Ryman posts 24% rise in FY profit on values gain
Friday, 22 May 2015, 2:47 pm | BusinessDesk
May 22 (BusinessDesk) - Ryman Healthcare, New Zealand's largest listed retirement village builder and operator, posted a 24 percent gain in annual profit as the value of its properties increased and revenue rose. More >>
NZ consumer confidence slips in May
Friday, 22 May 2015, 1:35 pm | BusinessDesk
May 22 (BusinessDesk) - New Zealand consumer confidence slipped in May as sentiment about current and future conditions eased. More >>
UPDATE: Comvita lifts FY profit 28% to record
Friday, 22 May 2015, 1:08 pm | BusinessDesk
UPDATE: Comvita lifts FY profit 28% to record as Asian tourists help drive sales growth More >>
Hellaby buys auto parts, truck servicing businesses
Friday, 22 May 2015, 11:41 am | BusinessDesk
May 22 (BusinessDesk) - Hellaby Holdings, the diversified investment group, said it acquired two businesses to strengthen its auto parts and truck servicing operations, for an all-up cost of less than $25 million. More >>
