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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 99]
Methven first-half earnings rise on strong UK, China sales
Thursday, 28 February 2019, 1:04 pm | BusinessDesk
Feb. 28 (BusinessDesk) - Methven lifted first-half earnings 7.9 percent as the tapware maker enjoyed strong sales in the UK and China, although transaction costs from its pending takeover by Australia's GWA weighed on the bottom line. More >>
Air New Zealand's 1H earnings tumble
Thursday, 28 February 2019, 12:42 pm | BusinessDesk
Feb. 28 (BusinessDesk) - Air New Zealand reported a 35 percent fall in pre-tax earnings in the first half as a spike in fuel prices, softer tourism and disruptions due to issues with the Rolls-Royce engines took their toll. More >>
Vista CFO leaves to join another NZ tech company
Thursday, 28 February 2019, 12:13 pm | BusinessDesk
Feb. 28 (BusinessDesk) - Vista Group’s chief financial officer Rodney Hyde has resigned to take up a role with another New Zealand technology company. More >>
Fonterra hikes forecast payout on rising milk prices
Thursday, 28 February 2019, 12:12 pm | BusinessDesk
Feb. 28 (BusinessDesk) - Fonterra Cooperative Group has raised its forecast payout to farmers on rising Asian demand but has canned its interim dividend due to the increased cost. More >>
Macdonald sees more opportunity to poach print advertising
Thursday, 28 February 2019, 11:20 am | BusinessDesk
Feb. 28 (BusinessDesk) - Trade Me chief executive Jon Macdonald isn't phased by NZME's foray into online real estate listings and sees scope to convince more agents and vendors to ditch print in favour of digital. More >>
Mainzeal judgment brings lessons in corporate governance
Thursday, 28 February 2019, 11:18 am | BusinessDesk
Feb. 28 (BusinessDesk) - Company directors, insurance companies, liquidators and litigation funders will likely be running a fine tooth comb over Tuesday’s Mainzeal decision from the High Court - regardless of whether or not there’s an appeal. More >>
Genesis-Tilt relationship may extend beyond Waverley
Thursday, 28 February 2019, 11:03 am | BusinessDesk
Feb. 28 (BusinessDesk) - Genesis Energy says it is “rapidly progressing” work on the Waverley wind farm with Tilt Renewables and is hoping to pursue other projects together. More >>
NZD weaker against greenback as trade jitters continue
Thursday, 28 February 2019, 11:01 am | BusinessDesk
Feb. 28 (BusinessDesk) - The New Zealand dollar was weaker as investors fret about whether the US and China will be able to reach a deal after US trade negotiator Robert Lighthizer told the House Ways and Means committee there's still hard work to be ... More >>
MARKET CLOSE: NZ shares fall as big Contact volume weighs
Wednesday, 27 February 2019, 9:14 pm | BusinessDesk
MARKET CLOSE: NZ shares fall as big Contact volume weighs on power companies; Genesis gains More >>
NZ dollar range-bound awaiting China economic data
Wednesday, 27 February 2019, 9:13 pm | BusinessDesk
Feb. 27 (BusinessDesk) - The New Zealand dollar was little changed after failing to break out of the top of its recent trading range and as traders await more details on US-China trade talks. More >>
Privatise inspection of new housing developments: Fletcher
Wednesday, 27 February 2019, 9:12 pm | BusinessDesk
Feb. 27 (BusinessDesk) - New housing development could be accelerated by removing local councils from much of the post-consenting process and privatising quality assurance, says Steve Evans, chief executive of Fletcher Building’s residential division. More >>
Privatise inspection of new housing developments: Fletcher
Wednesday, 27 February 2019, 7:43 pm | BusinessDesk
Feb. 27 (BusinessDesk) - New housing development could be accelerated by removing local councils from much of the post-consenting process and privatising quality assurance, says Steve Evans, chief executive of Fletcher Building’s residential division. More >>
Foley Wines sees significant lift in operating earnings
Wednesday, 27 February 2019, 6:17 pm | BusinessDesk
Feb. 27 (BusinessDesk) - Foley Wines reported a significant lift in operating earnings as sales continued to improve and the company is upbeat about the full year. More >>
UPDATE 2: Genesis earnings slip on reduced generation
Wednesday, 27 February 2019, 4:47 pm | BusinessDesk
Feb. 27 (BusinessDesk) - Genesis Energy has raised its full-year earnings forecast citing ongoing gas outages, dry conditions and uncertainty about the availability of Contact Energy’s Taranaki Combined Cycle plant. More >>
UBS doubles down on impact of RBNZ bank capital requirements
Wednesday, 27 February 2019, 4:41 pm | BusinessDesk
Feb. 27 (BusinessDesk) - UBS is sticking to its analysis of the likely impact of the Reserve Bank’s proposals to double minimum bank equity levels. More >>
Michael Hill shares jump on better than expected earnings
Wednesday, 27 February 2019, 3:39 pm | BusinessDesk
Feb. 27 (BusinessDesk) - Shares in Michael Hill International jumped 10 percent after the jeweller reported better than expected first-half earnings and maintained its dividend. More >>
T&G Global's lower net profit in line with guidance
Wednesday, 27 February 2019, 3:18 pm | BusinessDesk
Feb. 27 (BusinessDesk) - T&G Global lifted full-year revenue 11.2 percent but a series of weather and tariff-related challenges saw its net profit plunge 63 percent. More >>
NZ's seasonally adjusted January deficit $791m
Wednesday, 27 February 2019, 2:19 pm | BusinessDesk
Feb. 27 (BusinessDesk) - New Zealand recorded its highest January deficit on record and the seasonally adjusted deficit was also more than double what economists had been expecting as a fall in exports outstripped their forecasts. More >>
Fonterra takes minority stake in Motif Ingredients
Wednesday, 27 February 2019, 2:17 pm | BusinessDesk
Feb. 27 (BusinessDesk) - Fonterra Cooperative Group is among several investors backing a US$90 million capital raising for biotech firm Motif Ingredients, which is seeking to develop bio-engineered animal and food ingredients. More >>
UPDATE: Genesis 1H earnings slip on reduced generation
Wednesday, 27 February 2019, 1:51 pm | BusinessDesk
Feb. 27 (BusinessDesk) - Genesis Energy has raised its full-year earnings forecast citing ongoing gas outages, dry conditions and uncertainty about the availability of Contact Energy’s Taranaki Combined Cycle plant. More >>
