Business Scoop
Network

MARKET CLOSE: NZ stocks extend declines in jittery markets

Article – BusinessDesk

Nov. 14 (BusinessDesk) – New Zealand shares fell as a sharp drop in oil prices and doubts about the prospects for China-US talks weighed on sentiment in Asian markets. Read more »

Falling enrolments prompts voluntary redundancy call at Vic

Article – BusinessDesk

Nov. 14 (BusinessDesk) – Falling enrolments, particularly in some humanities subjects, has prompted Victoria University of Wellington to invite staff who are “ready to leave” to take voluntary redundancy. Read more »

Million dollar tax evasion couple sentenced

Article – BusinessDesk

Nov. 14 (BusinessDesk) – Paying employees under the counter, failing to declare cash sales and reporting substantial losses to avoid both company tax and GST has landed a Hastings couple with prison and home detention sentences for tax evasion … Read more »

NZ dollar gains against Aussie on muted Aust wage growth

Article – BusinessDesk

Nov. 14 (BusinessDesk) – The New Zealand dollar gained against the Australian dollar after wage growth across the Tasman remained muted in the third quarter. Read more »

Contact looking again at wind

Article – BusinessDesk

Nov. 14 (BusinessDesk) – Contact Energy is looking again at wind generation and may carry out some preliminary investigations during the next two years. Read more »

SIFA pans second draft of financial advice code

Article – BusinessDesk

Nov. 14 (BusinessDesk) – A group representing independent financial advisers says the latest attempt at a code of conduct for the sector is both lacking in content and platitudinous. Read more »

UPDATE: Mainfreight shares lift

Article – BusinessDesk

Mainfreight’s shares lifted 4.2 percent after its offshore divisions kicked into gear, driving growth in the first half of the year. Read more »

Ebos promises productivity improvements and acquisitions

Article – BusinessDesk

Pharmaceuticals and petfood company Ebos demonstrated how it will improve productivity and hinted at potential acquisitions and other avenues for growth at its latest investor day. Read more »

October house sales jumped 15.5% on 2017

Article – BusinessDesk

House prices rose just 0.5 percent nationwide in October from September, while Auckland prices fell a smidgeon. However volumes of houses sold jumped 15.5 percent from last October to the highest number in five months. Read more »

Mainfreight reports strong lift in 1H net profit

Article – BusinessDesk

Nov. 14 (BusinessDesk) – Mainfreight reported a 32 percent lift in its first-half net profit as its offshore divisions continue to grow. The global transport and logistics company said trading through October and into November has continued to be strong. Read more »

Chorus boosts fast fibre connections, plans price cuts

Article – BusinessDesk

Nov. 14 (BusinessDesk) – Chorus has announced plans to reduce the wholesale price of its premium fibre product in mid-2019 and again in mid-2020. Meanwhile, it has increased the number of ultra-fast broadband connections on its network to 500,000, … Read more »

Infratil extends Tilt takeover offer for last time

Article – BusinessDesk

Nov. 14 (BusinessDesk) – Infratil has extended its takeover offer for Tilt Renewables until the end of the month in a final attempt to garner the 90 percent stake it needs to compulsorily acquire the remaining shares. Read more »