BusinessDesk - Latest News [Page 1]

MARKET CLOSE: NZ shares up, led by Fisher & Paykel

Friday, 20 July 2018, 8:36 pm | BusinessDesk

July 20 (BusinessDesk) - New Zealand shares gained, turning around from recent weakness, with Fisher & Paykel Healthcare Corp and Ryman Healthcare leading stocks higher. More >>

NZ dollar heads for 0.1% weekly fall with jittery markets

Friday, 20 July 2018, 8:27 pm | BusinessDesk

July 20 (BusinessDesk) - The New Zealand dollar is heading for a 0.1 percent weekly fall against the greenback as China allowed the yuan to fall further, adding to jitters that the US-China trade skirmish could weigh on Chinese growth. More >>

Xero quits developing in-house US payroll product

Friday, 20 July 2018, 7:35 pm | BusinessDesk

Xero quits developing in-house US payroll product, signs up with Gusto By Paul McBeth More >>

Horticultural groups seek flexibility in zero emissions plan

Friday, 20 July 2018, 2:58 pm | BusinessDesk

July 20 (BusinessDesk) - Both rural lobby group Federated Farmers and Horticulture New Zealand, which represents commercial vegetable, fruit and berry fruit growers, have asked the government for flexibility in the Zero Carbon Bill, the government’s ... More >>

Hawaiki Submarine Cable begins commercial operations

Friday, 20 July 2018, 2:21 pm | BusinessDesk

July 20 (BusinessDesk) - Hawaiki Submarine Cable has begun commercial operations for its 15,000 km fibre optic deep-sea cable linking Australia, New Zealand, the Pacific and the United States. More >>

Net migration falls in June, remains historically high

Friday, 20 July 2018, 2:07 pm | BusinessDesk

July 20 (BusinessDesk) - New Zealand's annual net migration dropped in June as fewer foreigners arrived and more Kiwis left, but remains high. More >>

Commerce Commission files proceedings against Wilson Parking

Friday, 20 July 2018, 1:37 pm | BusinessDesk

July 20 (BusinessDesk) - The Commerce Commission has filed proceedings against Wilson Parking, alleging New Zealand’s biggest parking company substantially lessened competition for the supply of car parking in the Boulcott Street area in central ... More >>

SeaDragon's funding transaction unfair

Friday, 20 July 2018, 1:05 pm | BusinessDesk

July 20 (BusinessDesk) - SeaDragon's proposed funding transaction is not fair to non-associated shareholders but the positives outweigh the negatives given the position in the company is in, according to independent advisers Campbell MacPherson. More >>

Morningstar cuts earnings forecast for Z Energy

Friday, 20 July 2018, 12:34 pm | BusinessDesk

July 20 (BusinessDesk) - Morningstar Research lowered its fiscal 2019 earnings per share forecast but kept its hold rating on Z Energy after the country’s biggest fuel retailer downgraded its profit outlook amid a longer-than-anticipated shutdown ... More >>

NZ dollar falls amid fears about slowing Chinese growth

Friday, 20 July 2018, 11:39 am | BusinessDesk

July 20 (BusinessDesk) - The New Zealand dollar fell as growing fears of a slowing Chinese economy pushed down metal prices and weighed on currencies of nations producing raw materials. More >>

MARKET CLOSE: NZ shares down, led lower by A2 and Z

Thursday, 19 July 2018, 8:46 pm | BusinessDesk

July 19 (BusinessDesk) - New Zealand shares dropped, led lower by A2 Milk Co and Z Energy, while Trustpower and Summerset gained. More >>

NZ dollar falls against Aussie on strong jobs data

Thursday, 19 July 2018, 8:26 pm | BusinessDesk

July 19 (BusinessDesk) - The New Zealand dollar fell against its Australian counterpart after stronger-than-expected jobs data across the Tasman indicated growing momentum in the labour market. More >>

CORRECT: LIC's FY net profit tumbles on one-offs

Thursday, 19 July 2018, 4:08 pm | BusinessDesk

July 19 (BusinessDesk) - Livestock Improvement Corp, the dairy herd genetics cooperative, reported a 55 percent drop in full-year net profit on higher restructuring costs but was upbeat about the current year as those costs will no longer be incurred. More >>

LIC's FY net profit tumbles on one-offs

Thursday, 19 July 2018, 1:54 pm | BusinessDesk

July 19 (BusinessDesk) - Livestock Improvement Corp, the dairy herd genetics cooperative, reported a 55 percent drop in full-year net profit on higher restructuring costs but was upbeat about the current year as those costs will no longer be incurred. More >>

Fitch Ratings tips downgrade for Co-op Insurance NZ

Thursday, 19 July 2018, 1:10 pm | BusinessDesk

July 19 (BusinessDesk) - Fitch Ratings flagged a downgrade for New Zealand-based Credit Union Insurance Ltd, trading as Co-op Insurance NZ, citing uncertainty about the proposed sale of the company's entire business book to Provident Insurance Corporation. More >>

Farm sales and prices ease on year June

Thursday, 19 July 2018, 12:58 pm | BusinessDesk

July 19 (BusinessDesk) - Farm sales fell 7 percent on the year in the three months to June and the median price per hectare was down 16.3 percent although horticulture farm prices continued to push higher, according to the Real Estate Institute. More >>

ComCom concerned about Christchurch Airport planned profits

Thursday, 19 July 2018, 12:56 pm | BusinessDesk

July 19 (BusinessDesk) - The Commerce Commission says Christchurch International Airport may be planning to make excessive profits from security, freight storage, and some terminal lounges, though it's "broadly satisfied" with its planned earnings ... More >>

NZ’s Parker to attend Pacific Alliance Summit

Thursday, 19 July 2018, 12:31 pm | BusinessDesk

July 19 (BusinessDesk) - New Zealand Trade and Export Growth Minister David Parker said he will hold talks with his Pacific Alliance counterparts in Mexico next week to “seek further progress” on a free trade agreement with the four-nation trade ... More >>

Provincial growth to outshine the cities in 2019

Thursday, 19 July 2018, 11:50 am | BusinessDesk

July 19 (BusinessDesk) - Infometrics says strong growth in major exporting regions will help underpin the country’s economic growth during 2019. More >>

NZ dollar recovers as Fed's remains upbeat

Thursday, 19 July 2018, 11:49 am | BusinessDesk

July 19 (BusinessDesk) - The New Zealand dollar gained as Federal Reserve Jerome Powell continued to deliver an upbeat assessment of the world's biggest economy in his second day of testimony, while US trade relations were also in view. More >>

 

 

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