Archive for the 'Article' Category

TVNZ posts 6.2% decline in first-half earnings

Article – BusinessDesk

Wednesday 22 February 2017 01:47 PM

TVNZ posts 6.2% decline in first-half earnings as ad revenue falls faster than expenses Read more »

Sky TV 1H profit falls 32% as programme costs rise

Article – BusinessDesk

Wednesday 22 February 2017 09:28 AM

FIRST CUT: Sky TV 1H profit falls 32% as programme costs rise, subscribers fall

By Tina Morrison Read more »

FIRST CUT: Fletcher 1H profit rises 2%

Article – BusinessDesk

Wednesday 22 February 2017 09:21 AM

FIRST CUT: Fletcher 1H profit rises 2%

By Jonathan Underhill

Feb. 22 (BusinessDesk) – Fletcher Building posted a 2 percent gain in first-half profit, missing some estimates, after taking a charge against a construction project and costs to close sites. Read more »

Joyce unveils first social bond pilot

Article – BusinessDesk

Tuesday 21 February 2017 03:05 PM

Joyce unveils first social bond pilot in pitch to get more productive public service

By Paul McBeth Read more »

Dairy product prices decline after two straight gains

Article – BusinessDesk

Wednesday 22 February 2017 06:44 AM

Dairy product prices decline after two straight gains

By Margreet Dietz

Feb. 22 (BusinessDesk) – Dairy product prices fell at the Global Dairy Trade auction, stemming two straight gains, amid increased supply. Read more »

Dairy product prices decline after two straight gains

Article – BusinessDesk

Dairy product prices decline after two straight gains

Feb. 22 (BusinessDesk) – Dairy product prices fell at the Global Dairy Trade auction, stemming two straight gains, amid increased supply. Read more »

UPDATE: Mercury reports 53% jump in 1H net profit

Article – BusinessDesk

Tuesday 21 February 2017 10:38 AM

UPDATE: Mercury reports 53% jump in 1H net profit, lifts FY guidance

(Adds detail throughout) Read more »

Tourism Holdings lifts 1H profit 38%

Article – BusinessDesk

Tuesday 21 February 2017 09:57 AM

Tourism Holdings lifts 1H profit 38%, maintains annual profit forecast Read more »

Heartland lifts first-half profit, ups share purchase plan

Article – BusinessDesk

Tuesday 21 February 2017 09:53 AM

Heartland lifts first-half profit 14%, ups share purchase plan

By Paul McBeth Read more »

Mercury 1H profit jumps 53%, lifts full year guidance

Article – BusinessDesk

Tuesday 21 February 2017 08:56 AM

FIRST CUT: Mercury 1H profit jumps 53%, lifts full year guidance

By Rebecca Howard

Feb. 21 (BusinessDesk) – Mercury NZ increased first-half profit 53 percent, bolstered by favourable North Island hydro conditions and lifted its full year guidance. Read more »

NZ dollar slips in tussle

Article – BusinessDesk

Monday 20 February 2017 05:17 PM

NZ dollar slips in tussle between NZ economy, Fed rates outlook

By Rebecca Howard

Feb. 20 (BusinessDesk) – The New Zealand dollar fell in subdued trading as traders looked ahead to the GlobalDairyTrade auction this week and the release of minutes of the latest Federal Reserve meeting. Read more »

High Court rules Dotcom, co-accused eligible for extradion

Article – BusinessDesk

Monday 20 February 2017 04:30 PM

NZ High Court rules Dotcom, co-accused eligible for extradition

By Rebecca Howard

Feb. 20 (BusinessDesk) – Internet entrepreneur Kim Dotcom and his three co-accused are eligible for extradition to the USnited States, New Zealand’s High Court ruled in a judgment published today. Read more »

NZ house price growth to ‘slow sharply’

Article – BusinessDesk

NZ house price growth to ‘slow sharply’, says credit rating agency Fitch

By Pattrick Smellie

Feb. 17 (BusinessDesk) – The New Zealand housing market is in for a “pronounced and overdue slowdown”, with national house price inflation forecast to fall to around 5 percent a year, says one of the world’s top three credit rating agencies, Fitch. Read more »

Lion to pay up to $25.1 million for “runaway train” Panhead

Article – BusinessDesk

Lion to pay up to $25.1 million for “runaway train” Panhead

By Paul McBeth

Feb. 17 (BusinessDesk) – Lion – Beer, Spirits & Wine (NZ), the local unit of Japanese brewer Kirin Holdings, will pay as much as $25.1 million for its newly acquired Panhead Custom Ales craft beer brand, which the local head has described as a “runaway train”. Read more »

Millennium & Copthorne Hotels posts $40M profit

Article – BusinessDesk

Millennium & Copthorne Hotels posts $40M profit, bolstered by property development

By Sophie Boot

Feb. 17 (BusinessDesk) – Millennium & Copthorne Hotels New Zealand, the hotel operator and property developer, nearly doubled profit in 2016, while CDL Investments, the residential property developer it controls, lifted net profit 55 percent in the year with housing in high demand. Read more »

UPDATED: Auckland Airport’s reponse to rapid growth

Article – BusinessDesk

Friday 17 February 2017 01:22 PM

UPDATED: Auckland Airport’s reponse to rapid growth sees higher capex, retail disruptions Read more »

RBNZ, Treasury talk up global economic risks

Article – BusinessDesk

Friday 17 February 2017 01:08 PM

RBNZ, Treasury talk up global economic risks in briefings to Finance Minister Joyce

By Paul McBeth Read more »

New Zealand’s manufacturing activity slips in January

Article – BusinessDesk

Friday 17 February 2017 11:28 AM

New Zealand’s manufacturing activity slips in January

By Rebecca Howard

Feb. 17 (BusinessDesk) – New Zealand’s manufacturing activity slipped in January from December and there may be further headwinds to come as the building sector’s momentum loses some of its ‘oomph’. Read more »

Strong 1st qtr earnings gain in NZ for ANZ

Article – BusinessDesk

Friday 17 February 2017 11:29 AM

Strong 1st qtr earnings gain in NZ for ANZ despite shrinking lending and margins

By Paul McBeth Read more »

NZ retail sales rise 0.8% in Dec qtr, auto sector dominates

Article – BusinessDesk

Friday 17 February 2017 11:31 AM

NZ retail sales rise 0.8% in Dec qtr, auto sector dominates

By Sophie Boot

Feb. 17 (BusinessDesk) – New Zealand retail sales gained in the fourth quarter, led again by motor vehicle and parts retailing, with eleven of the 15 industries monitored seeing higher sales volumes. Read more »

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