Tuesday, 21 February 2017

Business News

  • FIRST CUT: Spark 1H earnings rise 3.5%

    12:04 | 16/2/17
    Feb. 16 (BusinessDesk) - Spark New Zealand lifted first-half earnings 3.5 percent as the acquisition of Computer Concepts Ltd bolstered revenue from its IT services unit and got an earlier dividend from its stake in the Southern Cross trans-Pacific ... more»
  • Tourists flock to motels

    11:54 | 16/2/17
    International visitors continued to boost guest-night numbers, particularly for motels, in November, Statistics NZ said today. National guest nights for November 2016 were 5.1 percent higher than in November 2015. more»
  • NZ dollar gains as US inflation data stokes reflation talk

    11:44 | 16/2/17
    Feb. 16 (BusinessDesk) - The New Zealand dollar rose after stronger-than-expected US inflation figures stoked talk of global 'reflation' which will hasten central bank moves to tighten monetary policy. more»
  • NZX may lose more listed companies in 2017

    11:15 | 16/2/17
    Feb. 15 (BusinessDesk) - The NZX may lose more companies this year as takeovers eat into the ranks of listed firms faster than new businesses elect to go public, says law firm Chapman Tripp.  more»
  • NZ banks likely to scale bank lending growth in 2017

    11:13 | 16/2/17
    Feb. 16 (BusinessDesk) - New Zealand banks are likely to wind back the pace of new lending this year as a margin squeeze caused by higher capital requirements for the big four Australian-owned banks and greater use of more expensive wholesale funding ... more»
  • Solution Dynamics Interim Results

    11:02 | 16/2/17
    Customer communications solutions provider Solution Dynamics Limited (NZX:SDL) posted a 20% lift in net profit for the six months to December 2016, to $704,000, on the back of strong growth in its UK and European markets. more»
  • Outlook subdued for NZ Equity Capital Markets

    10:56 | 16/2/17
    The drop in the number of NZX Main Board issuers experienced in 2016 seems likely to continue in 2017, says Chapman Tripp Partner Rachel Dunne.  more»
  • Tainui Group Holdings appoints GM Operations

    10:48 | 16/2/17
    Tainui Group Holdings (TGH) today announced the appointment of Robert Batters to the role of General Manager Operations.  more»
  • MTS takeover will harm middle class consumers & businesses

    10:33 | 16/2/17
    Merger will result in higher telecom costs in one of the few provinces with affordable rates, reinforcing calls to encourage competition by structurally separating the networks  more»
  • Aussie online bargain site moves into NZ

    09:48 | 16/2/17
    Aussie online bargain site moves into NZ Online bargain shopping site Bargain Spot is set to replicate its Australian success for the New Zealand market. The Gold Coast, Australia-based service, which is run by father-and-son team of Chris and Justin ... more»
  • Challenging market conditions drive drop in bank profits

    09:15 | 16/2/17
    After achieving an all-time record profit of $5.17 billion in 2015, KPMG’s Financial Institutions Performance Survey (FIPS) reveals New Zealand banks’ profits decreased slightly in 2016. As banks managed challenging market conditions, net profit after ... more»
  • HiFX Morning Update, February 16 2017

    08:48 | 16/2/17
    The NZD along with the AUD have pushed higher against all the majors over the past 24hrs  more»
  • While you were sleeping: US consumer boosts rally

    07:55 | 16/2/17
    Feb. 16 (BusinessDesk) - Wall Street moved to fresh record highs after US reports showing a larger-than-expected increase in retail sales while consumer prices rising at the fastest clip in nearly four years underpinned the outlook for growth in the ... more»
  • MARKET CLOSE: NZ shares up, Sky TV and Westpac gain

    20:37 | 15/2/17
    Feb. 15 (BusinessDesk) - New Zealand shares rose, led by Sky Network Television and Westpac Banking Corp, while Tegel Group Holdings and A2 Milk Co dropped.  more»
  • NZ dollar recovers from Fed's Yellen early rate hike

    20:36 | 15/2/17
    Feb. 15 (BusinessDesk) - The New Zealand dollar was little changed, recovering from an earlier decline as the country's robust economic outlook trumped heightened expectations for an early US rate hike following comments by Federal Reserve chair Janet Yellen. more»
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