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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 947]
NZ Steel boosts Bluescope with extra ironsand exports
Wednesday, 27 August 2014, 6:42 am | BusinessDesk
Aug. 27 (BusinessDesk) - The New Zealand operations of Australian steel products maker Bluescope provided a substantial boost to earnings through a sharp increase in ironsand exports, better margins on steel thanks to lower coal costs, and increased ... More >>
MARKET CLOSE: NZ shares gain, led by Tower; AIA falls
Tuesday, 26 August 2014, 5:40 pm | BusinessDesk
Aug. 26 (BusinessDesk) - New Zealand shares rose on optimism Tower has more scope to return capital after making progress meeting earthquake claims in Canterbury, while Fisher & Paykel Healthcare rose to a record on optimism it will benefit ... More >>
NZ dollar holds near 6-month lows as USD revives
Tuesday, 26 August 2014, 5:12 pm | BusinessDesk
Aug. 26 (BusinessDesk) - The New Zealand dollar held near six-month lows on expectations the greenback will extend gains given the prospect of US interest rate hikes next year. More >>
Time to rethink India's IT reputation, delegation says
Tuesday, 26 August 2014, 4:11 pm | BusinessDesk
Aug. 26 (BusinessDesk) - India's reputation as a low-cost hub for IT "offshoring" is becoming a thing of the past and the country is emerging as an innovation hub with capacity to take ideas to commercial scale, says a leading member of a 15-strong ... More >>
High LVR lending slips to 6.5% of new mortgages in July
Tuesday, 26 August 2014, 4:11 pm | BusinessDesk
High LVR lending slips to 6.5% of new mortgages in July, RBNZ data shows More >>
Connor raises Acurity offer, independents accept
Tuesday, 26 August 2014, 3:58 pm | BusinessDesk
Connor Healthcare boosts Acurity take over offer to 38 percent premium on last share price More >>
Pacific Brands to sell workware unit to Wesfarmers
Tuesday, 26 August 2014, 3:48 pm | BusinessDesk
Pacific Brands to sell workware unit to Wesfarmers after impairments led to full-year loss More >>
Landcorp keen user of Fonterra's guaranteed milk price
Tuesday, 26 August 2014, 3:39 pm | BusinessDesk
Aug. 26 (BusinessDesk) - Landcorp, New Zealand's biggest corporate farmer, has been an enthusiastic participant in Fonterra Cooperative Group's guaranteed milk price scheme as it reduces exposure to volatile dairy prices, while looking at ways to ... More >>
CORRECT: Tourism Holdings 2014 profit jumps on fatter margin
Tuesday, 26 August 2014, 3:27 pm | BusinessDesk
Aug. 26 (BusinessDesk) - Tourism Holdings, New Zealand and Australia's largest holiday vehicle rental business, said annual profit soared 192 percent, beating its July guidance, as profitability improves across its New Zealand, Australian and US units. ... More >>
NZ credit ratings, stable outlook affirmed by S&P
Tuesday, 26 August 2014, 2:54 pm | BusinessDesk
Aug. 26 (BusinessDesk) - New Zealand's credit ratings were affirmed by Standard & Poor's, citing the nation's fiscal and monetary policy flexibility, economic resilience, public policy stability and sound financial sector. More >>
Another Taranaki well comes up dry
Tuesday, 26 August 2014, 2:11 pm | BusinessDesk
Aug. 26 (BusinessDesk) - The string of unsuccessful offshore oil exploration wells continues, with the Whio-1 well to be plugged and abandoned, despite hopes it would find commercial quantities of hydrocarbons because of its proximity to the producing ... More >>
Tourism Holdings 2014 profit jumps on fatter margins
Tuesday, 26 August 2014, 12:26 pm | BusinessDesk
Aug. 26 (BusinessDesk) - Tourism Holdings, New Zealand and Australia's largest holiday vehicle rental business, said annual profit soared 192 percent, beating its July guidance, as profitability improves across its New Zealand, Australian and US units. ... More >>
Landcorp posts 133% gain in full-year operating profit
Tuesday, 26 August 2014, 10:58 am | BusinessDesk
Aug. 26 (BusinessDesk) - Landcorp posted a 133 percent increase in full-year operating profit as New Zealand's biggest corporate farmer benefited from a surge in dairy prices that won't be sustained in the current year, allowing it to lift its dividend ... More >>
NZ turns to a trade gap in July, led by falling log prices
Tuesday, 26 August 2014, 10:52 am | BusinessDesk
Aug. 26 (BusinessDesk) - New Zealand posted its first monthly trade deficit in nine months in July, led by falling prices for export logs and wood products. More >>
Auckland Airport meets guidance with 11% gain in earnings
Tuesday, 26 August 2014, 10:06 am | BusinessDesk
Aug. 26 (BusinessDesk) - Auckland International Airport, the country’s main gateway, reported an 11 percent gain in full-year underlying earnings, broadly in line with guidance it gave in the first half, as aeronautical charges led a gain in revenue ... More >>
SLI System reports smaller FY loss, more cash than forecast
Tuesday, 26 August 2014, 9:50 am | BusinessDesk
Aug. 26 (BusinessDesk) - SLI Systems, the search engine software developer which debuted on the NZX last year, posted a smaller than forecast loss while keeping more cash on hand. More >>
NZ Oil & Gas profit falls 61% as exploration costs surge
Tuesday, 26 August 2014, 9:32 am | BusinessDesk
Aug. 26 (BusinessDesk) - New Zealand Oil & Gas, which has interests in the Tui and Kupe fields, posted a 61 percent drop in annual profit, reflecting a "sharp" increase in exploration costs and some foreign exchange losses on its US dollar holdings. More >>
Wynyard first-half loss widens on growth spending
Tuesday, 26 August 2014, 9:08 am | BusinessDesk
Aug. 25 (BusinessDesk) - Wynyard Group, which makes security software, reported a wider first-half loss as it spent more on its expansion plans and said sales in the full-year are dependent on the timing of major contracts. More >>
NZ dollar holds at six-month lows before trade data
Tuesday, 26 August 2014, 8:37 am | BusinessDesk
Aug. 26 (BusinessDesk) - The New Zealand dollar held at six-month lows overnight ahead of trade data today which could put the local currency under further pressure. More >>
Brierley's Mercantile backs buyer of Tower life business
Tuesday, 26 August 2014, 7:42 am | BusinessDesk
Aug. 26 (BusinessDesk) - Veteran corporate raider Ron Brierley's Mercantile Investment Co is backing the buyer of general insurer Tower's life business, Foundation Life (NZ) Holdings. More >>
