InfoPages

Contact

Scoop

Network

BusinessDesk

Independent, Trustworthy New Zealand Business News

The Wellington-based BusinessDesk team provides a daily news feed for a serious business audience.

Contact BusinessDesk

Email - editor@businessdesk.co.nz

BusinessDesk - Latest News [Page 898]

Horizon Energy first-half profit drops 58%

Thursday, 20 November 2014, 3:29 pm | BusinessDesk

Nov. 20 (BusinessDesk) - Horizon Energy Distribution, the Bay of Plenty lines company which exceeded its regulated price path in 2012, said first-half profit fell 58 percent as the Commerce Commission forced it to earn less. More >>

ANZ's Hisco the heavyweight in New Zealand CEO pay stakes

Thursday, 20 November 2014, 3:27 pm | BusinessDesk

Nov. 20 (BusinessDesk) - There’s a big gap between the pay of ANZ Bank New Zealand boss David Hisco and his counterparts at two of the other big four Australian-owned banks. More >>

F&P Healthcare stock at record on latest guidance upgrade

Thursday, 20 November 2014, 1:14 pm | BusinessDesk

Nov. 20 (BusinessDesk) - Shares in Fisher & Paykel Healthcare rose to a record after the maker of breathing masks and humidifiers raised its profit forecast for the sixth time in two years, cementing its place as a market darling. More >>

Countdown happy at being exonerated by regulator inquiry

Thursday, 20 November 2014, 12:18 pm | BusinessDesk

Nov. 20 (BusinessDesk) - Progressive Enterprises managing director Dave Chambers said he felt exonerated by the outcome of a Commerce Commission inquiry into anti-competitive behaviour by Countdown supermarkets, which found nothing to warrant prosecution. More >>

NZ producer prices fall in third quarter

Thursday, 20 November 2014, 11:55 am | BusinessDesk

Nov. 20 (BusinessDesk) - New Zealand producer input prices fell in the third quarter as lower farmgate milk prices reduced input costs for dairy manufacturers, adding more evidence that inflation in the local economy is subdued. More >>

Australia-China FTA adds to rivalry in soft commodities

Thursday, 20 November 2014, 11:09 am | BusinessDesk

Australia's FTA with China adds to rivalry in 'hotly contested' market for soft commodities More >>

Supermarket inquiry finds no breaches by Countdown

Thursday, 20 November 2014, 11:05 am | BusinessDesk

Nov. 20 (BusinessDesk) - The Commerce Commission inquiry into anti-competitive behaviour by Countdown supermarkets, alleged by former Labour Party MP Shane Jones, has found nothing to warrant prosecution, although it warns supermarkets to take care in the ... More >>

F&P Healthcare lifts 2015 guidance after 1H earnings rise

Thursday, 20 November 2014, 10:47 am | BusinessDesk

Nov. 20 (BusinessDesk) - Fisher & Paykel Healthcare, which makes breathing masks and respirators, raised its outlook for annual profit after posting a 10 percent gain in first-half earnings as it benefits from the sale of new products, gains market ... More >>

Serko widens 1H loss, boosts sales and staff

Thursday, 20 November 2014, 9:55 am | BusinessDesk

Nov. 20 (BusinessDesk) - Serko, the online travel booking business, widened its first-half loss in line with its May prospectus as it hired more staff to chase sales growth. More >>

NZ dollar whippy after Fed minutes

Thursday, 20 November 2014, 9:20 am | BusinessDesk

Nov. 20 (BusinessDesk) - The New Zealand dollar was volatile following the release of the Federal Reserve minutes to its last meeting this morning, as the minutes failed to outline plans for likely interest rate hikes in the world's largest economy. More >>

English flags 'challenge' to budget surplus

Thursday, 20 November 2014, 8:59 am | BusinessDesk

Finance Minister Bill English is warning next month's half yearly fiscal and economic update from the Treasury may not forecast a budget surplus, saying that returning the government's accounts to surplus in 2015 will be "a challenge", given ... More >>

While you were sleeping: Eyes on Fed, retailers rally

Thursday, 20 November 2014, 7:34 am | BusinessDesk

Nov. 20 (BusinessDesk) - Wall Street slipped, pushing the Dow and the S&P 500 down from their record-high closes the previous day, as investors awaited guidance on the timing of an interest rate increase by the US Federal Reserve. More >>

Raw material supply constraints lead to SeaDragon loss

Wednesday, 19 November 2014, 5:45 pm | BusinessDesk

Nov. 19 (BusinessDesk) - SeaDragon, which manufactures fish oil for health supplements, has reported a $574,000 half-year loss, 362 percent down on the same period last year after difficulties securing raw material saw its factory underused. More >>

MARKET CLOSE: NZ shares gain on hunt for yield

Wednesday, 19 November 2014, 5:42 pm | BusinessDesk

Nov. 19 (BusinessDesk) - New Zealand shares rose, paced by Meridian Energy and MightyRiverPower, as investors chased stocks with relatively attractive yields. Fonterra Shareholders' Fund gained after dairy prices fell. More >>

Sanford lifts profit despite "challenging year"

Wednesday, 19 November 2014, 5:29 pm | BusinessDesk

Nov. 19 (BusinessDesk) - Sanford, New Zealand's largest listed fishing group, lifted annual profit 10 percent as gains in its deepwater fishing and aquaculture operations offset falling skipjack tuna prices. More >>

NZ dollar falls on weak dairy prices, greenback strength

Wednesday, 19 November 2014, 5:11 pm | BusinessDesk

Nov. 19 (BusinessDesk) - The New Zealand dollar fell more than a US cent against the US dollar as traders absorbed the knock-on effect of weaker dairy prices on the domestic economy and the greenback strengthened in the wake of Japanese prime minister ... More >>

AWF mulls $12M rights issue in early 2015 to reduce debt

Wednesday, 19 November 2014, 3:50 pm | BusinessDesk

Nov. 19 (BusinessDesk) - AWF Group, the contract labour firm that last year took on debt to acquire white-collar recruiter Madison, will probably launch a $12 million rights offer next year to reduce its borrowings and put some money in the kitty for ... More >>