BusinessDesk - Latest News [Page 1]

Social Development prices social housing liability at $16.4B

Wednesday, 28 June 2017, 3:43 pm | BusinessDesk

June 28 (BusinessDesk) - The Ministry of Social Development has released its first valuation of the social housing system, part of the government's "social investment" approach to data collection and analysis. More >>

Holcim NZ turns to full-year loss

Wednesday, 28 June 2017, 3:17 pm | BusinessDesk

June 28 (BusinessDesk) - Holcim New Zealand, the local unit of the world's biggest cement maker, posted a full-year loss after it changed its business away from manufacturing and into importing and distribution, incurring higher distribution costs. More >>

Shell NZ narrows FY loss, OMV's NZ unit moves back to profit

Wednesday, 28 June 2017, 2:18 pm | BusinessDesk

June 26 (BusinessDesk) - Shell New Zealand is keen to find suitors for its remaining New Zealand assets after the sale of its Kapuni onshore field helped narrow its loss in the year to December while Austrian oil and gas producer OMV AG's New Zealand ... More >>

Outlook for NZ economic growth positive

Wednesday, 28 June 2017, 12:40 pm | BusinessDesk

June 28 (BusinessDesk) - The outlook for New Zealand's economic growth remains positive, albeit with considerable uncertainty remaining, especially internationally, the Reserve Bank says in its 2017-2020 Statement of Intent. More >>

SkyCity chair Chris Moller to retire

Wednesday, 28 June 2017, 12:22 pm | BusinessDesk

June 28 (BusinessDesk) - SkyCity Entertainment Group said chair Chris Moller will retire from New Zealand's only listed casino company at the end of this year, and be replaced by its new director Rob Campbell. More >>

Summerset says 2017 underlying earnings may rise by 33%

Wednesday, 28 June 2017, 12:06 pm | BusinessDesk

June 28 (BusinessDesk) - Summerset Group, the best-performing retirement village stock in the past 12 months, said 2017 underlying earnings may rise as much as 33 percent, driven by new sales of occupation rights to its units. More >>

NZ dollar tumbles vs euro

Wednesday, 28 June 2017, 11:42 am | BusinessDesk

June 28 (BusinessDesk) - The New Zealand dollar dropped to a two-week low against the euro after European Central Bank president Mario Draghi talked up the prospects for Europe's economic recovery and signs that inflation is stirring. More >>

While you were sleeping: Stocks slide

Wednesday, 28 June 2017, 11:05 am | BusinessDesk

June 28 (BusinessDesk) - Equities on both sides of the Atlantic fell as central bank chiefs signalled an easing of monetary stimulus. More >>

MARKET CLOSE: NZX 50 hits record as Comvita downplays rust

Tuesday, 27 June 2017, 8:52 pm | BusinessDesk

MARKET CLOSE: NZX 50 hits record as Comvita downplays rust outbreak; Tower gains on takeover More >>

NZ dollar rises above 73 US cents

Tuesday, 27 June 2017, 8:22 pm | BusinessDesk

NZ dollar rises above 73 US cents, seen as outperformer in face of weak greenback More >>

Kiwifruit industry to create 29,000 new jobs by 2030

Tuesday, 27 June 2017, 8:19 pm | BusinessDesk

Kiwifruit industry to create 29,000 new jobs by 2030, add $3.5B to annual GDP, new report says More >>

MFAT needs to open up to outside help, modern management

Tuesday, 27 June 2017, 6:53 pm | BusinessDesk

June 27 (BusinessDesk) - New Zealand's foreign ministry is stuck in the past with its approach to career management, skills deployment and information management, says a review of its performance that finds a bruising period of internal restructuring ... More >>

Tower board backs increased Vero takeover

Tuesday, 27 June 2017, 6:27 pm | BusinessDesk

June 27 (BusinessDesk) - Tower's board is backing the increased takeover bid from Suncorp Group-owned Vero Insurance New Zealand, provided the $236 million offer wins approval from local regulators. More >>

Callaghan names six firms to run founder incubator services

Tuesday, 27 June 2017, 4:49 pm | BusinessDesk

June 27 (BusinessDesk) - Callaghan Innovation has signed up six firms to run founder incubator services in an effort to encourage more start-ups across regional New Zealand. More >>

Exports rise to 3-year high in May, as dairy prices increase

Tuesday, 27 June 2017, 3:09 pm | BusinessDesk

June 27 (BusinessDesk) - New Zealand's merchandise exports rose to their highest monthly level in more than three years in May as the country benefited from rising prices for dairy exports to China. More >>

Ex-PwC boss Bruce Hassall to join Fonterra board in November

Tuesday, 27 June 2017, 2:52 pm | BusinessDesk

June 27 (BusinessDesk) - Former PwC chief executive Bruce Hassall will add Fonterra Cooperative Group to his list of corporate directorships when the joins the board of the country's biggest company in November. More >>

Tourism Minister Bennett appoints infrastructure fund panel

Tuesday, 27 June 2017, 2:34 pm | BusinessDesk

June 27 (BusinessDesk) - Tourism Minister Paula Bennett has named a seven-strong panel to oversee the $100 million tourism infrastructure fund that's designed to help the regions cope with the demands of record numbers of foreign visitors. More >>

Comvita shares rise after CEO downplays myrtle rust risk

Tuesday, 27 June 2017, 2:32 pm | BusinessDesk

June 27 (BusinessDesk) - Comvita shares rose to a two-week high after the honey health products maker downplayed the risk posed to the manuka honey industry by the Myrtle Rust fungal disease. More >>

NZ farmer confidence jumps to a record high

Tuesday, 27 June 2017, 2:11 pm | BusinessDesk

June 27 (BusinessDesk) - New Zealand farmer confidence and investment intentions jumped to record levels in the second quarter of this year, buoyed by improved commodity prices. More >>

RBNZ, polling weakly with ordinary Kiwis

Tuesday, 27 June 2017, 2:09 pm | BusinessDesk

June 27 (BusinessDesk) - The Reserve Bank, which has faced criticism for its engagement with the media and financial analysts, has turned to social media to sell its message after polling showed ordinary Kiwis don't hold the bank in high regard. More >>

 

 

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