BusinessDesk - Latest News [Page 1]

MARKET CLOSE: NZ stocks fall on renewed Brexit uncertainty

Friday, 16 November 2018, 8:55 pm | BusinessDesk

Nov. 16 (BusinessDesk) - New Zealand shares fell as Brexit worries and a lack of earnings news let investors with a lack of direction. Three top-50 stocks also went ex-dividend today. More >>

NZ dollar heads for 1.3% weekly gain

Friday, 16 November 2018, 8:17 pm | BusinessDesk

NZ dollar heads for 1.3% weekly gain as investors wind back expectations of further weakness More >>

NZSA pans Kathmandu's lack of disclosure on directors' fees

Friday, 16 November 2018, 7:40 pm | BusinessDesk

Nov. 16 (BusinessDesk) - Outdoor clothing and equipment retailer Kathmandu Holdings’ proposal to hike its directors’ fee pool by 25 percent has drawn the ire of the New Zealand Shareholders’ Association. More >>

Refining NZ eyes low-carbon opportunities

Friday, 16 November 2018, 7:39 pm | BusinessDesk

Nov. 16 (BusinessDesk) - Refining NZ says it is reviewing its activities and potential opportunities to improve shareholder returns in the medium and long term. More >>

Mercury storage slides to two-year low

Friday, 16 November 2018, 7:38 pm | BusinessDesk

Nov. 16 (BusinessDesk) - Hydro storage in Lake Taupo has fallen to a two-year low after unusually dry weather in the central North Island in recent weeks. More >>

Police attending incident in Albany

Friday, 16 November 2018, 4:58 pm | BusinessDesk

Police are attending an incident at a school on Bush Road, Albany following a report of an explosion around 3.10pm. More >>

NZSA says time's up for Keith Smith on Warehouse board

Friday, 16 November 2018, 4:56 pm | BusinessDesk

Nov. 16 (BusinessDesk) - The New Zealand Shareholders’ Association is suggesting that The Warehouse’s deputy chair Keith Smith may have passed his use-by date. More >>

October manufacturing activity strongest since May

Friday, 16 November 2018, 2:03 pm | BusinessDesk

Nov. 16 (BusinessDesk) - New Zealand's manufacturing activity expanded in October to its highest level since May as production and new orders improved. More >>

Blis Technologies narrows 1H loss, upbeat about FY19

Friday, 16 November 2018, 1:28 pm | BusinessDesk

Nov. 16 (BusinessDesk) - Blis Technologies narrowed its first-half loss and continues to expect a pre-tax profit for the full year as revenue ticks higher. More >>

Foley Family Wines migrates to NZX's main board

Friday, 16 November 2018, 12:48 pm | BusinessDesk

Nov. 16 (BusinessDesk) - Foley Family Wines is biting the bullet early and moving from NZX's junior board to its main board from Dec. 3. More >>

NZ dollar rallies against British pound on Brexit turmoil

Friday, 16 November 2018, 12:28 pm | BusinessDesk

Nov. 16 (BusinessDesk) - The New Zealand dollar climbed against the British pound amid intensifying political turmoil in the UK over the government's Brexit plans. The kiwi also strengthened against the US currency. More >>

Craigs becomes NZX Wealth Technologies' first customer

Friday, 16 November 2018, 12:26 pm | BusinessDesk

Nov. 16 (BusinessDesk) - Craigs Investment Partners has become NZX’s first external customer for a new wealth technologies platform which offers a combined registry, administration and custodial service. More >>

CORRECT: MYOB celebrates accelerating growth

Thursday, 15 November 2018, 9:29 pm | BusinessDesk

Nov. 15 (BusinessDesk) - Accounting software company MYOB is claiming market leadership in the Australian and New Zealand markets after adding 205,000 new subscribers in the 12 months ended September. More >>

Stalled upgrade to Singapore free trade deal

Thursday, 15 November 2018, 9:28 pm | BusinessDesk

Nov. 15 (BusinessDesk) - Strained relations between New Zealand and Singapore appear to be mending with the announcement that a stalled upgrade to a free trade agreement between the two countries is going ahead. More >>

MYOB celebrates accelerating growth

Thursday, 15 November 2018, 9:25 pm | BusinessDesk

Nov. 15 (BusinessDesk) - Accounting software company MYOB is claiming market leadership in the Australian and New Zealand markets after adding 205,000 new subscribers in the 12 months ended September. More >>

MARKET CLOSE: NZ stocks mixed as global worries weigh

Thursday, 15 November 2018, 9:24 pm | BusinessDesk

Nov. 15 (BusinessDesk) - New Zealand shares were mixed as weak international investor sentiment weighed on positive local earnings. More >>

Strong Aussie job growth sees NZ dollar ease

Thursday, 15 November 2018, 9:22 pm | BusinessDesk

Nov. 15 (BusinessDesk) - The New Zealand dollar eased against the Aussie dollar after Australia's unemployment rate remained at a six-year low in October but gained against the greenback as global risk appetite ticked higher after the draft Brexit deal. More >>

Kohatukai-1 to be plugged and abandoned - NZOG

Thursday, 15 November 2018, 7:36 pm | BusinessDesk

Nov. 15 (BusinessDesk) - New Zealand Oil & Gas says the Kohatukai-1 well it is a partner in will be plugged and abandoned after failing to deliver commercial volumes of gas. More >>

UPDATE: KiwiRail gets $40M for Manawatu freight hub

Thursday, 15 November 2018, 4:26 pm | BusinessDesk

KiwiRail is accelerating work to relocate its Palmerston North operations out of the city as part of plans to develop a regional hub to better handle freight flows throughout the lower North Island. More >>

Auckland-Hamilton commuter rail service on the cards

Thursday, 15 November 2018, 4:14 pm | BusinessDesk

A daily commuter rail service between Auckland and Hamilton is a step closer following the release of a New Zealand Transport Agency business plan outlining a service that could start in election year. More >>

 

 

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