Archive for the 'Article' Category

Ports of Auckland delivers $54M dividend to council

Article – BusinessDesk

Ports of Auckland delivers $54M dividend to council owner despite revenue drop

By Fiona Rotherham

Aug. 23 (BusinessDesk) – Auckland Council will receive a $54.3 million dividend from Ports of Auckland after the city’s port operator announced a lift in full-year profit despite even as revenue fell with container volumes. Read more »

UPDATE: Fliway increases dividend as revenue growth stalls

Article – BusinessDesk

UPDATE: Fliway increases dividend as revenue growth stalls

(Updates and recasts with comments from chairman) Read more »

Tourism Holdings lifts annual profit 21%

Article – BusinessDesk

Tourism Holdings lifts annual profit 21%

By Sophie Boot

Aug. 23 (BusinessDesk) – Tourism Holdings, the campervan rental company, lifted annual profit 21 percent as revenue increased and the company continues to target net profit of $30 million by 2018. Read more »

Fliway full-year profit jumps on strong first half

Article – BusinessDesk

Fliway full-year profit jumps on strong first half, lower expenses

By Jonathan Underhill

Aug. 23 (BusinessDesk) – Fliway Group, the listed transport and logistics group, said full-year profit jumped 156 percent as lower costs made up for a drop in international revenue. Read more »

FIRST CUT: Mercury delivers special dividend

Article – BusinessDesk

FIRST CUT: Mercury delivers special dividend on 2.3% operating earnings lift

By Pattrick Smellie

Aug. 23 (BusinessDesk) – Mercury, the electricity generator and distributor formerly known as Mighty River Power, has delivered a 2.3 percent lift in operating earnings and declared a special dividend, reflecting its limited capital needs and the sale of surplus land. Read more »

Love defends Redwood appointment

Article – BusinessDesk

Love defends Redwood appointment, explains relationship with Skiffington

By Sophie Boot

Aug. 22 (BusinessDesk) – Former Treaty negotiator Ngatata Love defended hiring Redwood Group for a potential building project in Wellington, saying the Auckland property developer understood some of the complexities of working with iwi land. Read more »

Bluescope seek another A$15M of annual savings from NZ Steel

Article – BusinessDesk

Monday 22 August 2016 11:30 AM

Bluescope seeking another A$15M of annual savings from NZ Steel operations Read more »

Ngatata Love takes stand in his fraud trial

Article – BusinessDesk

Ngatata Love takes stand in his fraud trial as doctor stands by

Aug. 22 (BusinessDesk) – Former Treaty negotiator Ngatata Love has taken the stand in the High Court in Wellington where he is accused of defrauding the Wellington Tenths Trust by taking payments to ensure property developers would win work with the iwi entity he chaired. Read more »

Weldon to leave GeoOp board at the end of the month

Article – BusinessDesk

Weldon to leave GeoOp board at the end of the month

By Paul McBeth

Aug. 22 (BusinessDesk) – Former NZX and MediaWorks boss Mark Weldon will leave the board of minnow human resources software developer GeoOp at the end of the month, and will be replaced by an Australian director. Read more »

NZD heads for 1.1% weekly gain with interest rate advantage

Article – BusinessDesk

Friday 19 August 2016 05:20 PM

NZ dollar heads for 1.1% weekly gain as interest rate advantage remains attractive Read more »

Van Heeren appeal dismissed, Court of Appeal orders payment

Article – BusinessDesk

Friday 19 August 2016 04:26 PM

Van Heeren appeal dismissed, Court of Appeal orders US$25 mln payment to former business partner Read more »

Port of Tauranga has ‘$200M headroom’ to chase opportunities

Article – BusinessDesk

Friday 19 August 2016 12:51 PM

Port of Tauranga has ‘$200M headroom’ to chase opportunities even with capital return, Cairns says Read more »

Michael Hill annual profit falls as tax payments bite

Article – BusinessDesk

Friday 19 August 2016 12:17 PM

Michael Hill annual profit falls as tax payments bite

By Tina Morrison

Aug. 19 (BusinessDesk) – Michael Hill International, the jewellery chain business founded by its namesake, posted a 30 percent decline in annual profit as it accounted for tax adjustments. Read more »

NZ migration, tourism continue to boom in July

Article – BusinessDesk

Friday 19 August 2016 12:03 PM

NZ migration, tourism continue to boom in July, could be nearing peak

By Sophie Boot Read more »

Trustpower to plead guilty over misleading broadband offer

Article – BusinessDesk

Friday 19 August 2016 10:22 AM

Trustpower to plead guilty over misleading broadband offer

By Paul McBeth

Aug. 19 (BusinessDesk) – Trustpower intends to plead guilty to charges claiming the electricity generator and retailer mislead customers over the market and sale of a bundled power and broadband offer. Read more »

Permanent independent hearings panel proposed for planning

Article – BusinessDesk

Friday 19 August 2016 08:29 AM

Permanent independent hearings panel proposed for all urban planning

By Pattrick Smellie Read more »

FMA questions NZAX-listed Australasian Food Corp’s report

Article – BusinessDesk

Thursday 18 August 2016 05:44 PM

FMA questions NZAX-listed Australasian Food Corp’s audit report

By Paul McBeth

Aug. 18 (BusinessDesk) – Australasian Food Corp, which took over the NZAX-listed shell Vetilot last year, is being examined by the Financial Markets Authority over statements made by the company’s auditor Staples Rodway accompanying its annual report. Read more »

Spark to chase mobile, IT revenue in multi-brand strategy

Article – BusinessDesk

Thursday 18 August 2016 12:54 PM

Spark to chase mobile, IT revenue in multi-brand strategy

By Paul McBeth

Aug. 18 (BusinessDesk) – Spark New Zealand is backing a plan to run different brands at the budget and premium ends of the market and offer extra service sweeteners to deliver increased revenue in the coming year. Read more »

AMP’s NZ unit sees 1H profit drop on lower Kiwisaver inflows

Article – BusinessDesk

Thursday 18 August 2016 12:56 PM

AMP’s NZ unit sees 1H profit drop on lower Kiwisaver inflows, expects 2H growth

/By Sophie Boot Read more »

NZ consumer confidence dips in August

Article – BusinessDesk

Thursday 18 August 2016 01:12 PM

NZ consumer confidence dips in August, slower house price growth expected

By Sophie Boot Read more »

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