BusinessDesk - Latest News [Page 1]

MARKET CLOSE: NZ shares up as Comvita, A2 rebound

Friday, 25 May 2018, 8:34 pm | BusinessDesk

MARKET CLOSE: NZ shares up as Comvita, A2 rebound from weakness, Steel & Tube keeps dropping More >>

NZ Meat Board chases higher returns from $70M of funds

Friday, 25 May 2018, 8:33 pm | BusinessDesk

NZ Meat Board chases higher returns from $70M of funds now held in term deposits More >>

NZ dollar ekes out 0.1% weekly gain, treading water

Friday, 25 May 2018, 8:16 pm | BusinessDesk

May 25 (BusinessDesk) - The New Zealand dollar is headed for a 0.1 percent weekly gain against the greenback and is largely treading water as markets eye the political turbulence between the US and North Korea. More >>

NZ industrial property offers ‘good returns’, analyst says

Friday, 25 May 2018, 7:38 pm | BusinessDesk

May 25 (BusinessDesk) - New Zealand industrial property is offering investors “good returns”, growing faster than office and retail sites, a trend that’s been picked up on by some of the nations’ biggest listed property investors. More >>

Top oil analyst slams Govt's 'errors and misrepresentations'

Friday, 25 May 2018, 7:31 pm | BusinessDesk

May 25 (BusinessDesk) - Government ministers are peddling a range of "incorrect or misleading" arguments about the impact of its ban on issuing new licences for offshore oil and gas exploration, says leading oil and gas sector analyst John ... More >>

Augusta earnings fall as delayed fund pushes out fees

Friday, 25 May 2018, 3:31 pm | BusinessDesk

May 25 (BusinessDesk) - Augusta Capital’s annual earnings dropped 14 percent as delays to the launch of its $118 million industrial property fund meant anticipated fees didn’t eventuate in the period, unlike costs tied to the offer. More >>

Stats NZ takes over property transfers data from LINZ

Friday, 25 May 2018, 3:25 pm | BusinessDesk

May 25 (BusinessDesk) - Statistics New Zealand will publish statistics on property transfers by all New Zealanders and overseas people from June 7, after taking over the task from Land Information New Zealand. More >>

Anzco Foods says annual pre-tax profit fell 90%

Friday, 25 May 2018, 2:10 pm | BusinessDesk

May 25 (BusinessDesk) - Meat processor and exporter Anzco Foods reported a 90 percent plunge in full-year pre-tax profit in what it said was a tough year for beef processing. More >>

Veritas' Morton to step down after Nomura deal announced

Friday, 25 May 2018, 1:16 pm | BusinessDesk

May 25 (BusinessDesk) - Veritas Investments director Michael Morton will step down from the board next month, after a meeting where shareholders will vote on whether to agree to a $27.5 million loan from Japanese investment bank Nomura Holdings. More >>

Spark to take bigger Quantum leap

Friday, 25 May 2018, 12:25 pm | BusinessDesk

May 25 (BusinessDesk) - Spark New Zealand expects annual earnings to fall by as much as 2.5 percent this year as it brings forward restructuring costs and accelerates its 'Quantum Programme' to transform the country's biggest telecommunications company ... More >>

NZ dollar steady as Trump scraps North Korea summit

Friday, 25 May 2018, 11:51 am | BusinessDesk

May 25 (BusinessDesk) - The New Zealand dollar was little changed against the greenback after US President Donald Trump scrapped a planned summit with North Korean leader Kim Jong Un and the US said it was considering tariffs on imports of cars and trucks. More >>

Wall St declines while Treasuries, gold gain

Friday, 25 May 2018, 10:12 am | BusinessDesk

May 25 (BusinessDesk) - US Treasuries and gold rose, while Wall Street fell, as President Donald Trump cancelled a summit with North Korea’s Kim Jong Un, underpinning concern about geopolitical uncertainty as well as trade talks between the world’s largest ... More >>

MARKET CLOSE: NZ shares up on A2 Milk rebound

Thursday, 24 May 2018, 8:30 pm | BusinessDesk

May 24 (BusinessDesk) - New Zealand shares gained as A2 Milk Co rebounded from recent selling, while Fletcher Building and Comvita fell. More >>

NZ dollar holds gains against greenback as markets fret

Thursday, 24 May 2018, 8:29 pm | BusinessDesk

May 24 (BusinessDesk) - The New Zealand dollar held its gains against the greenback in Asian trading as US dollar sentiment was dented by ongoing jitters over global trade. More >>

Commercial drone operators upbeat about outlook: survey

Thursday, 24 May 2018, 7:35 pm | BusinessDesk

May 24 (BusinessDesk) - Commercial drone operators in New Zealand are mainly occupied with filming, aerial mapping and inspections and count the real estate and construction sectors as their biggest customers, an Airways NZ survey shows More >>

Resurgent Chinese visitors offset lethargic tourism sector

Thursday, 24 May 2018, 6:33 pm | BusinessDesk

May 24 (BusinessDesk) -A resurgence of Chinese visitors is a highlight for the domestic tourism sector, which economists say may be in a lull after a last year’s spike during the British and Irish Lions tour. More >>

Oceania Dairy, Yili's NZ dairy processor, grows sales

Thursday, 24 May 2018, 6:32 pm | BusinessDesk

May 24 (BusinessDesk) - Oceania Dairy, the South Canterbury-based dairy company owned by Inner Mongolia Yili Industrial Group, has continued to make products for the Chinese market in New Zealand at a loss, its 2017 accounts show. More >>

Show us you’re clean: FMA, Reserve Bank letter to insurers

Thursday, 24 May 2018, 5:26 pm | BusinessDesk

May 24 (BusinessDesk) - Life insurance companies have less than a month to come up with information to reassure regulators that misconduct being unveiled by the Hayne Royal Commission in Australia isn’t happening here - or is being addressed. More >>

Metro Performance Glass going back to basics

Thursday, 24 May 2018, 5:15 pm | BusinessDesk

May 24 (BusinessDesk) - Metro Performance Glass said earnings will be relatively unchanged this year as the company beds in its "back to basics" strategy. More >>

RBNZ needs to be more aggressive to shed gender imbalance

Thursday, 24 May 2018, 4:47 pm | BusinessDesk

May 24 (BusinessDesk) - The Reserve Bank needs to get "far more aggressive" to cast off a gender imbalance where 11 of the central bank's 13-strong executive team are men, and the proportion of women in senior roles ranks alongside some of ... More >>



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