Thursday, 25 May 2017

Business News

  • Govt starts paying for Auckland's rail link - New Zealand Herald

    14:08 | 25/5/17
    New Zealand Herald
    The Government has begun paying for its share of Auckland's City Rail Link, committing $436m towards the project in today's Budget. It committed last year to paying for half of the 3.4km rail line, which has an estimated cost of between $2.8 billion  more»
  • Roll up, roll up: Budget 2017 delivers cash for workers - New Zealand Herald

    14:02 | 25/5/17
    New Zealand Herald
    Workers are the winners in the Government's election year Budget which delivers more cash in the hand to almost everyone - including $2 billion worth of tax cuts and boosts to Working for Families. The centrepiece of the Budget was the Family Incomes ... more»
  • Wellington rail commuters on receiving end of Budget boost - The Dominion Post

    14:01 | 25/5/17
    The Dominion Post
    Wellington rail commuters are on the receiving end of a Budget boost for the country's rail infrastructure. On the same day some capital commuters were without Go Wellington bus services, the Government has announced a big investment in Wellington's ... more»
  • New Zealand govt nudges up domestic bond issuance forecast - Times of India

    14:00 | 25/5/17
    Times of India
    WELLINGTON, May 25 (Reuters) - The New Zealand Debt Management office (NZDMO) on Thursday raised its forecast issuance over the next four years by NZ$1 billion versus its previous forecast, saying the government recognised the importance of ... more»
  • Roll up, roll up: Budget delivers cash for workers - New Zealand Herald

    13:58 | 25/5/17
    New Zealand Herald
    Workers are the winners in the Government's election year Budget which delivers more cash in the hand to almost everyone, including $2 billion worth of tax cuts and boosts to Working for Families. The centrepiece of the Budget was the Family Incomes ... more»
  • High-profile hotel magnate Earl Hagaman dies, aged 92 - Stuff.co.nz

    13:22 | 25/5/17
    Stuff.co.nz
    Earl Hagaman began buying New Zealand hotels in the 1980s to build the Scenic Circle empire. Multimillionaire businessman Earl Hagaman?, who recently sued Labour Party leader Andrew Little, has died, aged 92. The hotel magnate passed away ... more»
  • Rocket Lab and NZ's other engineering feats - New Zealand Herald

    13:21 | 25/5/17
    New Zealand Herald
    New Zealand motorcycle racing legend and holder of the land speed record holder Burt Munro. If Rocket Lab gets its Electron vehicle into space during a test launch it will rank among New Zealand's greatest technical and engineering feats. Matthew  more»
  • Momentum building for mandatory CoOL

    13:08 | 25/5/17
    Scoop
    Momentum building for mandatory CoOL Source: Horticulture NZ -- Engagement with the New Zealand public is clearly showing their desire to have mandatory Country of Origin Labelling (CoOL) Horticulture New Zealand told the Primary Production Select ... more»
  • Sanford lifts first-half profit 25%

    13:06 | 25/5/17
    Scoop
    Sanford lifts first-half profit 25% as higher value product offsets lower prices for frozen fish  more»
  • Gentrack lifts first-half profit 46%

    12:57 | 25/5/17
    Scoop
    May 25 (BusinessDesk) - Gentrack Group, the utilities software developer which has been on a buying spree, lifted first-half profit 46 percent as new utilities contracts spurred an increase in sales, offsetting a more muted period for its airports software ... more»
  • Argosy lifts distributable earnings - Scoop.co.nz (press release)

    12:38 | 25/5/17
    Scoop.co.nz
    May 25 (BusinessDesk) -- Argosy Property lifted distributable earnings 4.6 percent as it continued to lift the quality of its portfolio through the divestment of lower quality, non-core assets and after benefiting from the surrender of a lease agreement. more»
  • Argosy lifts distributable earnings

    12:32 | 25/5/17
    Scoop
    May 25 (BusinessDesk) -- Argosy Property lifted distributable earnings 4.6 percent as it continued to lift the quality of its portfolio through the divestment of lower quality, non-core assets and after benefiting from the surrender of a lease agreement. more»
  • Chorus increases it's bank facility - New Zealand Herald

    12:23 | 25/5/17
    New Zealand Herald
    Chorus, the telecommunications network operator, has increased its bank facility and pushed out the maturity date, giving it additional financial flexibility and funding certainty. The Wellington-based company increased the amount of its existing  more»
  • Metroglass profit dips on Aussie expansion costs

    12:17 | 25/5/17
    Scoop
    May 25 (BusinessDesk) - Metro Performance Glass delivered a $19.4 million net profit for the year to March 31, down from $21.3 million a year earlier, as it absorbed the costs of a major acquisition in the Australian market and the impact of declining ... more»
  • Live: Election year budget from Steven Joyce - Stuff.co.nz

    12:15 | 25/5/17
    Stuff.co.nz
    ... * The budget will be released at 2pm, with all the news coming out at once. * We'll have all the news, live analysis, and video interviews right here. * This is Steven Joyce's first budget at Finance Minister. He'll give the "budget speech" in the  more»
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