Monday, 20 February 2017

Business News

  • Young Vit Leadership Week kicks off in Martinborough

    14:27 | 20/2/17
    Scoop
    Every two years, the last two winners of the Bayer Young Viticulturist of the Year competition embark on an amazing week meeting some of New Zealand’s top wine industry leaders as well as those from other industry sectors. It is a fantastic opportunity ... more»
  • NZ services sector sees growth in January

    14:18 | 20/2/17
    Scoop
    Feb. 20 (BusinessDesk) - Activity in New Zealand's services sector, which accounts for about two-thirds of the economy, rose last month to a near-record, with ongoing strength in wholesale, retail and hospitality. more»
  • NZ Steel returns to profit in first half

    14:17 | 20/2/17
    Scoop
    Feb. 20 (BusinessDesk) - A cost reduction drive, higher global steel prices, and synergies between recently acquired Pacific Steel and the New Zealand Steel plant at Glenbrook have seen a strong return to operating profit for Australian steelmaker ... more»
  • Kiwibank first-half profit falls 13% on funding

    14:16 | 20/2/17
    Scoop
    Feb. 20 (BusinessDesk) - Kiwibank Banking Group, the state-owned lender, posted a 13 percent drop in first-half profit as the costs of funding, infrastructure investment and the Kaikoura earthquake weighed on earnings. more»
  • NZ producer input, output prices still lifted by milk prices

    14:14 | 20/2/17
    Scoop
    Feb. 20 (BusinessDesk) - New Zealand producer input and output prices rose in the fourth quarter once again lifted largely by rising milk prices.  more»
  • Freightways 1H profit rises 22%

    14:12 | 20/2/17
    Scoop
    Feb. 20 (BusinessDesk) - Freightways posted a 22 percent gain in first-half profit, driven by growth in its express package & business mail division, which made up for a drop in earnings from information management. more»
  • It’s time to support the employers of tomorrow

    14:04 | 20/2/17
    Scoop
    Facebook was started in a dorm room and has since revolutionised the way people communicate and stay in touch. It has created numerous jobs and changed the online environment to become what we know today. But Facebook isn’t the only ‘students in business’ ... more»
  • Simpson Grierson expands health and safety services

    13:58 | 20/2/17
    Scoop
    Fiona Carney has joined Simpson Grierson as a senior consultant in its fast-growing health and safety advisory business.  more»
  • Cyber risk remains a key focus for directors

    13:46 | 20/2/17
    Scoop
    Directors perceive cyber-attacks to be the biggest threat to New Zealand businesses in 2017, with 79% of those surveyed rating the impact on their organisations strategic growth, operational efficiency and legal/ contractual compliance as medium or high. more»
  • NZ roundwood log prices jump to a record

    13:40 | 20/2/17
    Scoop
    Feb. 20 (BusinessDesk) - Strong domestic building activity combined with buoyant horticulture and viticulture industries has pushed up the price of roundwood logs to a record. more»
  • NZ Post 1H profit drops 19% on reduced Kiwibank contribution

    13:05 | 20/2/17
    Scoop
    Feb. 20 (BusinessDesk) - New Zealand Post's first-half profit dropped 19 percent after the sale of almost half its stake in Kiwibank reduced income and as revenue from traditional postal services continued to decline. more»
  • ASB to offer up to $100m of five-year fixed rate notes

    12:52 | 20/2/17
    Scoop
    Feb. 20 (BusinessDesk) - ASB Bank is offering up to $100 million of listed fixed rate notes with a maturity date of Feb. 24, 2022 and it can accept unlimited oversubscriptions at its discretion. more»
  • Employment Relations Authority Determinations - 20 February

    12:46 | 20/2/17
    Scoop
    The latest Employment Relations Authority determinations are now available on the Employment New Zealand website .  more»
  • Chorus beats first-half profit expectations

    12:42 | 20/2/17
    Scoop
    Feb. 20 (BusinessDesk) - Chorus beat first-half profit expectations and raised its forecast for annual earnings as the telecommunications network operator benefited from the increase in regulated prices on its copper lines, even as connection numbers ... more»
  • KGH & Kiwibank results for the six months ending 31 Dec 2016

    12:19 | 20/2/17
    Scoop
    Kiwi Group Holdings (KGH) which includes Kiwibank, Kiwi Wealth, Kiwi Insurance and New Zealand Home Loans, has made a profit after tax of $65 million for the six months ending 31 December 2016, compared with $73 million for the same 6 month period in ... more»
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Currencies
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EURUSD1.0610.0000.01%
NZDUSD0.71730.00070.10%
AUDUSD0.76610.00010.01%
NZDAUD0.93560.00090.10%