Qantas Airways resumes dividends after 7 years

Article – BusinessDesk

Aug. 24 (BusinessDesk) – Australias biggest airline, Qantas Airways, will resume paying dividends after a seven-year hiatus following a A$1.03 billion full-year net profit after tax, up 80 percent on the prior year and the best in its 95-year history. Read more »

Ngatata Love laments misplaced trust in Shaan Stevens

Article – BusinessDesk

Aug. 24 (BusinessDesk) – Former Wellington Tenths Trust chairman Ngatata Love says he misplaced his trust in Shaan Stevens and that both Stevens and Lorraine Skiffington misused his name on documents presented in his fraud trial, the High Court heard … Read more »

NZ trade deficit narrows in July from year earlier

Article – BusinessDesk

NZ trade deficit narrows in July from year earlier as imports fall faster than exports Read more »

NZOG resumes dividend after costs clamp-down

Article – BusinessDesk

Aug. 24 (BusinessDesk) – New Zealand Oil & Gas will resume dividend payments after clamping down on costs in response to the slump in global energy prices, which led to a write down in the value of its shareholding in Cue Energy Resources to produce … Read more »

Vector posts 4.7% gain in adjusted full-year earnings

Article – BusinessDesk

Aug. 24 (BusinessDesk) – Vector, the electricity and telecommunications infrastructure company, posted a 4.7 percent gain in adjusted full-year earnings on growth in Auckland and the expansion of its smart meter fleet, while signalling earnings growth may … Read more »

Wynyard halves 2016 guidance

Article – BusinessDesk

Aug. 24 (BusinessDesk) – Wynyard Group, the intelligence software developer, more than doubled its first-half loss and halved its full-year guidance. Read more »

FIRST CUT: Meridian Energy annual earnings up 5%

Article – BusinessDesk

Aug. 24 (BusinessDesk) – Meridian Energy has followed its fellow part-privatised counterpart, Mercury NZ, by declaring a special dividend for shareholders in a sector where strong cashflows are not currently required for new investment. Read more »

A2 Milk meets guidance with return to profit

Article – BusinessDesk

Aug. 24 (BusinessDesk) – A2 Milk, which markets milk based on the supposed health benefits of the A2 milk protein, met its June guidance with a return to full-year profit and a 127 percent jump in revenue that was driven by infant formula sales … Read more »

NZD dips below 73 US cts as RBNZ sticks to rate track

Article – BusinessDesk

Aug. 24 (BusinessDesk) – The New Zealand dollar gave up some of its gains, dipping below 73 US cents, after Reserve Bank governor Graeme Wheeler backed his interest rate path as erring on the side of caution. Read more »

While you were sleeping: Nasdaq inches to record

Article – BusinessDesk

Aug. 24 (BusinessDesk) – Wall Street gained, pushing the Nasdaq to a record high, amid better-expected earnings such as for Best Buy and stronger-than-expected new home sales, while an easing in manufacturing bolstered hope the Federal Reserve might … Read more »

PM sets rules for ministers’ treatment of public servants

Article – BusinessDesk

Prime Minister John Key has laid down the law about the way ministers and public servants should interact, saying ministers may not always like the advice they receive, but they must listen to it carefully, respectfully and professionally. Read more »

McConnell Dowell NZ lifts full-year sales by 36%

Article – BusinessDesk

CORRECT: McConnell Dowell NZ lifts full-year sales by 36% after winning Watercare, NZTA contracts Read more »

NZD climbs above 73 US cents as Wheeler sticks to his guns

Press Release – BusinessDesk

NZ dollar climbs above 73 US cents as Wheeler sticks to his guns, Yellen looms Read more »

F&P Healthcare to ‘vigorously contest’ IP dispute

Article – BusinessDesk

F&P Healthcare to ‘vigorously contest’ what’s likely to be lengthy IP legal spat Read more »

Commerce Commission files charges against mobile trader

Article – BusinessDesk

Aug. 23 (BusinessDesk) – The Commerce Commission has filed charges against mobile trader Zee Shop, its first prosecution of a company that wasn’t captured in the regulator’s year-long investigation into so-called truck shops. Read more »

Serko deal with Sabre to add $1 mln in annual revenue

Article – BusinessDesk

Aug. 23 (BusinessDesk) – Serko has signed a deal with Nasdaq-listed Sabre Corp to use the online travel booking tool on the US company’s platform, which the Kiwi firm says will boost annual sales by at least $1 million. Read more »

Labour calls for monetary policy to expand goals

Article – BusinessDesk

Aug. 23 (BusinessDesk) – The Reserve Bank of New Zealand should be allowed to target goals other than price stability, says the Labour Party finance spokesman, Grant Robertson. Read more »

Ngatata Love says he didn’t know about banking transactions

Article – BusinessDesk Read more »

Healthscope’s NZ pathology business outperforms

Article – BusinessDesk

Aug. 23 (BusinessDesk) – ASX-listed Healthscope’s New Zealand pathology business continued to outperform the rest of the Australian private hospital and health service’s units as its successful bid to service the Wellington region drove earnings. Read more »

Vocus NZ sales, earnings soar on CallPlus acquisition

Article – BusinessDesk

Aug. 23 (BusinessDesk) – Vocus Communications more than doubled annual revenue and earnings in New Zealand, bolstered by the addition of CallPlus when the trans-Tasman telecommunications group merged with M2 Group. Read more »