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 893]
Chatham Rock, hoping for ruling before Xmas, widens 1H loss
Thursday, 27 November 2014, 11:48 am | BusinessDesk
Nov. 27 (BusinessDesk) - Chatham Rock Phosphate, the company proposing to mine phosphate nodules from the seabed on the Chatham Rise, reported a near-tripling of its first-half loss as it spent more on exploration, sought a listing on London’s AIM market and ... More >>
Trilogy turns to 1H profit as Ecoya posts positive earnings
Thursday, 27 November 2014, 11:18 am | BusinessDesk
Nov. 27 (BusinessDesk) - Trilogy International, the skincare and scented candle company, turned to a profit in its first half as a boost in sales for its Ecoya range in Australia helped the unit reach profitability. The shares jumped to a two-month high. More >>
Gentrack chairman says long-term game to win investors over
Thursday, 27 November 2014, 10:58 am | BusinessDesk
Nov. 27 (BusinessDesk) - Gentrack Group chairman John Clifford said the software company’s share price, still trading 35 cents below its listing price, will take care of itself once it starts delivering projected profits over time. More >>
NZ posts trade deficit in October on falling dairy exports
Thursday, 27 November 2014, 10:53 am | BusinessDesk
Nov. 27 (BusinessDesk) - New Zealand's posted its largest monthly trade deficit for October in six years, while narrowing the shortfall from September, led by a fall in dairy exports to China while all main imports into the country rose. More >>
Energy Mad narrows 1H loss; shifts focus to LED bulbs
Thursday, 27 November 2014, 9:49 am | BusinessDesk
Nov. 27 (BusinessDesk) - Energy Mad, the energy efficient lightbulb marketer, narrowed its first-half loss after a year earlier impairment washed through, though widened its operating loss on flat sales and as it shifts focus to LED lightbulbs. More >>
Gentrack profit falls 49%, beating downgraded guidance
Thursday, 27 November 2014, 9:35 am | BusinessDesk
Nov. 27 (BusinessDesk) - Gentrack Group, which develops utilities and airports software, reported a 49 percent drop in full-year profit, missing its initial public offer forecast, but beating the downgraded guidance it gave just five weeks after listing ... More >>
Tower annual profit drops 32% from 2013 asset sales
Thursday, 27 November 2014, 9:28 am | BusinessDesk
Nov. 27 (BusinessDesk) - Tower, which sold its health, life, and investment units to focus on general insurance, reported a 32 percent drop in annual profit, while improving its underlying earnings in general insurance, and signalled plans for another ... More >>
NZ dollar touches fresh 4-month high vs. A$
Thursday, 27 November 2014, 8:46 am | BusinessDesk
Nov. 27 (BusinessDesk) - The New Zealand dollar touched a fresh four-month high against the Australian dollar after the Aussie broke through a key support level amid speculation the country's central bank may cut interest rates to bolster the economy. More >>
MRP faced scaling up risk on several carbon credit contracts
Thursday, 27 November 2014, 8:21 am | BusinessDesk
Nov. 27 (BusinessDesk) - A contractual dispute over carbon credits that MightyRiverPower is contesting in court is not the first time it’s faced a scaling up of the carbon credits it was required to take as part of its plan to offset carbon emissions from ... More >>
While you were sleeping: US data disappoints
Thursday, 27 November 2014, 7:48 am | BusinessDesk
Nov. 27 (BusinessDesk) - Wall Street seesawed near record highs ahead of the Thanksgiving holiday and as key producers gathered in Vienna for an OPEC meeting that might help determine how much further the price of oil will slide. More >>
MARKET CLOSE:NZ shares rise paced by Pacific Edge; Orion up
Wednesday, 26 November 2014, 5:32 pm | BusinessDesk
Nov. 26 (BusinessDesk) - New Zealand shares rose, paced by Pacific Edge after it announced a European patent for one of its cancer tests. Orion Health Group climbed in its NZX debut, as investors looked for growth stocks. More >>
NZ dollar to stay under pressure until December MPS
Wednesday, 26 November 2014, 5:08 pm | BusinessDesk
Nov. 26 (BusinessDesk) - The New Zealand dollar was little changed in local trading, and will likely remain under pressure as low inflation expectations and weak dairy prices keep traders wary on the currency until next month's monetary policy review. More >>
UPDATE: MFAT chief John Allen leaves for NZ Racing Board
Wednesday, 26 November 2014, 4:39 pm | BusinessDesk
Nov. 26 (BusinessDesk) - The chief executive of the New Zealand Ministry of Foreign Affairs & Trade, John Allen, is resigning to head up the New Zealand Racing Board. More >>
CORRECT: NZTE's annual report shows big company woes weigh
Wednesday, 26 November 2014, 3:47 pm | BusinessDesk
Nov. 26 (BusinessDesk) - New Zealand Trade and Enterprise, the government’s international business development agency, said the 540 key companies it works with grew their export revenues by 1.3 percent or $383 million in the 2013/2014 year after some larger ... More >>
CORRECT: Retail electricity margins unsustainably high
Wednesday, 26 November 2014, 3:17 pm | BusinessDesk
Nov. 26 (BusinessDesk) - Electricity companies' margins on retail electricity tariffs are unsustainably high and will spur ongoing competition in the sector, to the detriment of companies like Genesis Energy, which is heavily skewed towards a residential customer ... More >>
Tourism Holdings lifts annual profit forecast, shares rise
Wednesday, 26 November 2014, 3:07 pm | BusinessDesk
Nov. 26 (BusinessDesk) - Tourism Holdings, the biggest campervan rental company in Australia and New Zealand, said annual profit may rise as much as 44 percent on increased sales and lower costs. The shares rose to a six-year high. More >>
MRP rejects carbon farmer's carbon unit top-up claim
Wednesday, 26 November 2014, 2:36 pm | BusinessDesk
Nov. 26 (BusinessDesk) - MightyRiverPower has claimed in the High Court it shouldn’t have to pay for carbon units issued for years prior to the start of its contract with New Zealand Carbon Farming in 2013, which it entered as part of its effort to ... More >>
Smartpay 1H profit rises 70% on currency benefit, epay
Wednesday, 26 November 2014, 2:26 pm | BusinessDesk
Nov. 26 (BusinessDesk) - Smartpay, the listed payments terminal supplier, posted a 70 percent gain in first-half profit as it benefited from currency movements and revenue from its partnership with Euronet Worldwide's epay unit. More >>
Retail electricity margins unsustainably high, broker says
Wednesday, 26 November 2014, 1:45 pm | BusinessDesk
Nov. 26 (BusinessDesk) - Electricity companies' margins on retail electricity tariffs are unsustainably high and will spur ongoing competition in the sector, to the detriment of companies like Genesis Energy, which is heavily skewed towards a residential customer ... More >>
UPDATE: Pacific Edge backtracks after European patent mix-up
Wednesday, 26 November 2014, 1:09 pm | BusinessDesk
Nov. 26 (BusinessDesk) - Pacific Edge, the non-invasive bladder cancer test developer, has quickly backtracked on an announcement that its Cxbladder had been granted a patent in Europe, when in fact its colorectal technology was given regulatory approval. More >>
