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 848]
NZ building consents fall for a second month in January
Friday, 27 February 2015, 11:22 am | BusinessDesk
Feb. 27 (BusinessDesk) - New Zealand residential building consents declined for a second month in January, with new housing permits falling at their sharpest pace since August. More >>
Transpower hikes 1H dividend, warns of regulatory threat
Friday, 27 February 2015, 10:54 am | BusinessDesk
Feb. 27 (BusinessDesk) - Transpower, the state-owned operator of the national electricity grid, hiked its first-half dividend to the government as revenue gained on the completion of its major upgrade, but is warning earnings and future payouts could be hit by ... More >>
Allied Farmers posts 1H profit, warns on 2H dairy sales
Friday, 27 February 2015, 10:53 am | BusinessDesk
Feb. 27 (BusinessDesk) - Allied Farmers, which is rebuilding after taking over the failed Hanover and United Finance loan books, turned to a profit in the first-half as its livestock division exceeded expectations but flagged second half sales may ... More >>
Delegat posts 45% drop in 1H profit despite rising sales
Friday, 27 February 2015, 10:29 am | BusinessDesk
Feb. 27 (BusinessDesk) - Delegat Group, New Zealand’s largest listed wine company, has posted a 45 per cent drop in first-half profit, mainly caused by a $10.7 million writedown of its vines and grapes and losses on derivative instruments used to limit ... More >>
Orion CFO Hyde to leave after company report earnings in May
Friday, 27 February 2015, 10:16 am | BusinessDesk
Feb. 27 (BusinessDesk) - Rodney Hyde, chief financial officer of Orion Health Group, has resign from the newly listed healthcare management software firm some three months after it joined the NZX. More >>
Vista annual profit falls less than forecast as sales climb
Friday, 27 February 2015, 10:15 am | BusinessDesk
Feb. 27 (BusinessDesk) - Vista Group International, the cinema software and analytics company, reported a smaller drop in annual profit than forecast in last year's offer document as sales climbed 55 percent on rapid growth in its core cinema software ... More >>
GPG annual profit drops 61% as 2013 asset sales wash through
Friday, 27 February 2015, 9:01 am | BusinessDesk
Feb. 27 (BusinessDesk) - Guinness Peat Group, which is rebranding to UK threadmaker Coats after exiting its other investments, reported a 61 percent drop in annual profit after asset sales bolstered its earnings the previous year. More >>
NZ dollar slips after better-than-expected US data
Friday, 27 February 2015, 8:28 am | BusinessDesk
Feb. 27 (BusinessDesk) - The New Zealand dollar fell as the greenback advanced after better-than-expected US data on inflation and business orders bolstered confidence about the outlook for the world's largest economy. More >>
While you were sleeping: Oil checks global equities
Friday, 27 February 2015, 7:57 am | BusinessDesk
Feb. 27 (BusinessDesk) - Wall Street was mixed as a decline in oil prices weighed on energy shares, offsetting optimism about a strong US economy and a supportive central bank. More >>
Mercer turns to 1H loss
Thursday, 26 February 2015, 6:07 pm | BusinessDesk
Feb. 26 (BusinessDesk) - Mercer Group, the stainless steel fabricator and manufacturer, reported a first-half loss after the sale of an S-Clave licence a year earlier washed through, and the company expects to lift profitability in the full year. More >>
NZX and S&P Dow Jones enter indices deal
Thursday, 26 February 2015, 6:03 pm | BusinessDesk
Feb. 26 (BusinessDesk) - NZX, New Zealand's only licensed stockmarket operator, has entered into an agreement with S&P Dow Jones Indices, the international market indices firm, to produce and commercialise new indices across equity markets and ... More >>
MARKET CLOSE: NZ shares rise to record, led by Xero, A2
Thursday, 26 February 2015, 5:36 pm | BusinessDesk
Feb. 26 (BusinessDesk) - New Zealand shares rose, pushing the NZX 50 Index to a record, as investors cheered Xero's US capital raising. A2 Milk Co paced the gain on its plans to list in Australia. More >>
NZ dollar gains vs. Australian dollar
Thursday, 26 February 2015, 5:19 pm | BusinessDesk
Feb. 26 (BusinessDesk) - The New Zealand dollar gained against its Australian counterpart after economic data from the two nations pointed to diverging fortunes for their respective economies. More >>
Dairy commits $5 million to ambitious zero pest plan
Thursday, 26 February 2015, 4:51 pm | BusinessDesk
Feb. 26 (BusinessDesk) - New Zealand's dairy industry has committed $5 million over two years to the fight against stoats, rats and possums, which destroy native flora and fauna, and can carry bovine tuberculosis. More >>
NZX head of policy & legal Robin Dey resigns, position split
Thursday, 26 February 2015, 3:53 pm | BusinessDesk
Feb. 26 (BusinessDesk) - NZX head of policy and legal Robin Dey has resigned after seven years with the company, and her role has been split by the stock market operator. More >>
Gentrack affirms 2015 profit guidance, looks at acquisitions
Thursday, 26 February 2015, 3:50 pm | BusinessDesk
Feb. 26 (BusinessDesk) - Gentrack Group, which develops utilities and airports software, affirmed its annual profit guidance said said it is looking at potential acquisitions in its core markets. More >>
Auckland densification as popular as Ebola, English says
Thursday, 26 February 2015, 3:09 pm | BusinessDesk
Feb. 26 (BusinessDesk) - Finance Minister Bill English said calls by the Reserve Bank Governor for more densification in Auckland’s housing were “about as popular in parts of Auckland as Ebola” would be. More >>
Fliway to raise up to $50 mln in first NZ IPO of the year
Thursday, 26 February 2015, 2:59 pm | BusinessDesk
Feb. 26 (BusinessDesk) - Fliway Group, the transport and logistics group, will seek up to $50 million in New Zealand's first initial public offering of the year, with a sale expected next month. More >>
NZ Superfund spent $150,000 in legal fees on Portugal case
Thursday, 26 February 2015, 2:53 pm | BusinessDesk
Feb. 26 (BusinessDesk) - The New Zealand Superannuation Fund has so far spent about $150,000 in legal fees as part of its case to overturn a decision by the Bank of Portugal to move the fund's US$150 million investment into a "bad bank", ... More >>
Tamaki Redevelopment has key role in Auckland housing
Thursday, 26 February 2015, 1:34 pm | BusinessDesk
Feb. 26 (BusinessDesk) - The New Zealand government is looking at ways Tamaki Redevelopment Co can help boost the supply of affordable housing, which forms part of its focus on the nation's "unbalanced" property market, Finance Minister Bill English ... More >>
