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 955]
NZ dollar little changed as US growth eyed
Wednesday, 13 August 2014, 5:04 pm | BusinessDesk
Aug. 13 (BusinessDesk) - The New Zealand dollar was little changed as traders await more signs of an accelerating US economic recovery at a retreat for central bank governors. More >>
MTF shareholders vote down move to publicise Sportzone case
Wednesday, 13 August 2014, 2:36 pm | BusinessDesk
Aug. 13 (BusinessDesk) - Shareholders of Motor Trade Finance have voted down seven resolutions put up by nine shareholders questioning the Dunedin-based auto-finance firm's handling of the Sportzone Motorcyles court case. More >>
Goodman Fielder margins shrink, impairments lead to loss
Wednesday, 13 August 2014, 1:55 pm | BusinessDesk
Aug. 13 (BusinessDesk) - Goodman Fielder, the food maker under takeover offer from Wilmar International and First Pacific Co, posted a full-year loss after writing down the value of its baking and grocery businesses and recognising costs to exit ... More >>
Auckland, Napier ports team up with Icepak for P'North hub
Wednesday, 13 August 2014, 12:45 pm | BusinessDesk
Aug. 13 (BusinessDesk) - Ports of Auckland, Napier Port and storage and logistics group Icepak New Zealand have set up a joint venture to build an inland port and freight hub in Palmerston North. More >>
Sky City may JV with developers, investors in $807M projects
Wednesday, 13 August 2014, 12:36 pm | BusinessDesk
Aug. 13 (BusinessDesk) - SkyCity Entertainment Group, New Zealand’s only listed casino company, would consider partnering with developers or hotel investors to part fund some $807 million of spending on its expansion in Auckland and Adelaide, chief ... More >>
Suncorp's NZ insurance assets deliver strong growth
Wednesday, 13 August 2014, 11:37 am | BusinessDesk
Aug. 13 (BusinessDesk) - Brisbane-based general and life insurer Suncorp recorded stronger investment returns and earnings growth from its New Zealand units, Vero and AA Insurance, than from its Australian business lines in the year to June 30, ... More >>
ASB lifts annual earnings 11%, helping drive CBA growth
Wednesday, 13 August 2014, 11:36 am | BusinessDesk
Aug. 13 (BusinessDesk) - ASB Bank lifted its annual cash profit 11 percent as it boosted mortgage and business lending, helping drive growth for parent Commonwealth Bank of Australia, while insurer Sovereign's earnings edged up 3 percent. More >>
Precinct annual profit rises 9.4% on stronger Auckland
Wednesday, 13 August 2014, 10:04 am | BusinessDesk
Aug. 13 (BusinessDesk) - Precinct Properties New Zealand, formerly known as AMP NZ Office, said annual earnings rose 9.4 percent as its Auckland rentals continued to strengthen and Wellington occupancy remained static. More >>
Sky City posts 23% drop in full-year profit
Wednesday, 13 August 2014, 9:54 am | BusinessDesk
Sky City posts 23% drop in full-year profit, adds hotel to convention centre plan More >>
PFI boosts first-half profit 21%, reflecting merger gains
Wednesday, 13 August 2014, 9:31 am | BusinessDesk
Aug. 13 (BusinessDesk) - Property For Industry, the industrial property investor, lifted first-half profit 21 percent, a year on from its merger with Direct Property Fund which increased its portfolio by two-thirds. More >>
GPG posts surge in first-half Coats earnings
Wednesday, 13 August 2014, 9:26 am | BusinessDesk
Aug. 13 (BusinessDesk) - Guinness Peat Group is still grappling with its UK pension liability and has offered to bump up the level of support for the schemes, while announcing a near-trebling in first-half earnings for its Coats threadmaker unit. More >>
NZ dollar gains from two-month low
Wednesday, 13 August 2014, 8:43 am | BusinessDesk
Aug. 13 (BusinessDesk) - The New Zealand dollar gained from a two-month low as weak German investor confidence and a standoff on the Russia/Ukraine border weighed on market sentiment. More >>
While you were sleeping: Stocks, oil drop
Wednesday, 13 August 2014, 7:40 am | BusinessDesk
Aug 13 (BusinessDesk) - Equities on both sides of the Atlantic slid as investors eyed developments in Ukraine and Iraq and their impact on the global economy. More >>
Kirkcaldie shareholders to vote on $45.85M building sale
Tuesday, 12 August 2014, 6:02 pm | BusinessDesk
Aug. 12 (BusinessDesk) –Shareholders in upmarket Wellington retailer Kirkcaldie & Stains are to vote on whether to approve a deal to sell its Harbour City Centre property for $45.85 million. More >>
MARKET CLOSE: NZ stocks rise, led by Xero; Summerset falls
Tuesday, 12 August 2014, 5:54 pm | BusinessDesk
Aug. 12 (BusinessDesk) – New Zealand stocks rose, while lagging behind a global rally, as investors waited on reporting season to justify market gains. Xero led the benchmark index higher, while Summerset Group fell after reporting first-half ... More >>
Ngāi Tahu, Tainui agree to buy Go Bus from Next Capital
Tuesday, 12 August 2014, 5:13 pm | BusinessDesk
Aug. 12 (BusinessDesk) – Ngai Tahu Holdings Corp and Tainui Group Holdings, the iwi investment companies, have agreed to buy national passenger transport firm Go Bus from Australian private equity firm Next Capital for a reported $170 million. More >>
NZ dollar falls as Australian business confidence grows
Tuesday, 12 August 2014, 5:09 pm | BusinessDesk
Aug. 12 (BusinessDesk) – The New Zealand dollar fell against the greenback as growing confidence among Australian firms stoked demand for the Australian dollar. More >>
Infratil to halve capital spending as Aussie options mature
Tuesday, 12 August 2014, 4:25 pm | BusinessDesk
Aug. 12 (BusinessDesk) – Infratil is expecting to spend between $295 million and $365 million next year on capital projects across its infrastructure portfolio, about half last year’s $613.6 million as Australian wind farm investments by TrustPower ... More >>
NZ house sales fall in July, led by cheaper properties
Tuesday, 12 August 2014, 3:29 pm | BusinessDesk
Aug. 12 (BusinessDesk) – New Zealand house sales fell in July as winter cooled the appetite of house hunters while a drop in properties selling for $400,000 or below likely reflected the Reserve Bank’s moves to cool the market. More >>
Wrightson shares rally as rural, seed & grain drive profit
Tuesday, 12 August 2014, 3:20 pm | BusinessDesk
Aug. 12 (BusinessDesk) – Shares of PGG Wrightson rose to their highs of the past five months after the rural services firm controlled by China’s Agria Corp posted full-year earnings that beat estimates, driven by its Rural Services and Seed & ... More >>
