BusinessDesk
Independent, Trustworthy New Zealand Business News
The Wellington-based BusinessDesk team led by former Bloomberg Asian top editor Jonathan Underhill and Qantas Award-winning journalist and commentator Pattrick Smellie provides a daily news feed for a serious business audience.
BusinessDesk - Latest News [Page 3]
Blis cuts annual earnings guidance
Monday, 22 January 2018, 12:34 pm | BusinessDesk
Blis cuts annual earnings guidance as impact of tough first half lingers By Rebecca Howard More >>
NZ dollar hold below 73 US cts
Monday, 22 January 2018, 11:39 am | BusinessDesk
Jan. 22 (BusinessDesk) - The New Zealand dollar held below 73 US cents at the local open as investors largely shrugged off Washington legislators' inability to reach a deal and avoid a shutdown of Federal government services. More >>
World Week Ahead: Results from Netflix, Caterpillar
Monday, 22 January 2018, 11:26 am | BusinessDesk
Jan 22 (BusinessDesk) - Wall Street, at record highs, is expected to largely shrug off the US federal government’s shutdown and instead focus on the latest corporate earnings including from Nextflix, Procter & Gamble, Caterpillar and General Electric. More >>
MARKET CLOSE: NZ shares up as A2, Genesis rally
Friday, 19 January 2018, 8:45 pm | BusinessDesk
Jan. 19 (BusinessDesk) - New Zealand shares gained, led by a recent rally in A2 Milk Co and as Genesis Energy rose on a strong quarterly report, while investors continued to sell down Pushpay Holdings after last year's massive gains. More >>
NZ dollar heads for weekly 0.7% gain
Friday, 19 January 2018, 8:44 pm | BusinessDesk
NZ dollar heads for weekly 0.7% gain, all eyes on possible US govt shutdown More >>
PREVIEW: NZ inflation may inch back to mid-point of band
Friday, 19 January 2018, 7:31 pm | BusinessDesk
PREVIEW: NZ inflation may inch back to mid-point of band in 4Q on fuel costs More >>
Trustpower affirms guidance as wholesale prices stay high
Friday, 19 January 2018, 4:09 pm | BusinessDesk
Jan. 19 (BusinessDesk) - Trustpower affirmed annual earnings guidance, having raised its outlook three times this financial year on strong wholesale electricity prices, and noted the low hydro lake levels are threatening to trigger a high-priced event ... More >>
OceanaGold's Macraes gold mine misses production target
Friday, 19 January 2018, 2:30 pm | BusinessDesk
Jan. 19 (BusinessDesk) - OceanaGold Corp's Macraes gold mine in Otago missed its production target for 2017, taking longer to access higher grade ore than anticipated, but expects increased extraction this year. More >>
NZ manufacturing activity falls sharply in December
Friday, 19 January 2018, 2:18 pm | BusinessDesk
Jan. 19 (BusinessDesk) - New Zealand's manufacturing activity fell a five-year low in December as businesses deferred major decisions until there is more clarity after the change in the government, echoing the downbeat sentiment in this week's business ... More >>
Jacinda Ardern pregnant, Peters to step in as acting PM
Friday, 19 January 2018, 2:04 pm | BusinessDesk
Jan. 19 (BusinessDesk) - Prime Minister Jacinda Ardern is pregnant, due in June, and deputy Prime Minister Winston Peters will take over the role for six weeks after the baby is born. More >>
NZ dollar gains on threat of US govt shutdown
Friday, 19 January 2018, 12:07 pm | BusinessDesk
NZ dollar gains as threat of US govt shutdown weighs on greenback By Paul McBeth More >>
While you were sleeping: Wall St pauses after Dow peaks
Friday, 19 January 2018, 10:53 am | BusinessDesk
Jan. 19 (BusinessDesk) - Wall Street was mixed, after the Dow rose to a record high earlier in the day, as the latest corporate earnings proved a mixed bag too. More >>
MARKET CLOSE: NZ shares mixed, Fisher & Paykel, Air NZ drop
Thursday, 18 January 2018, 8:36 pm | BusinessDesk
Jan. 18 (BusinessDesk) - New Zealand shares were mixed as Fisher & Paykel Healthcare fell on the stronger Kiwi dollar while property stocks rebounded from earlier selling. More >>
NZ dollar steadies after sharp fall
Thursday, 18 January 2018, 8:36 pm | BusinessDesk
Jan. 18 (BusinessDesk) - The New Zealand dollar steadied after falling more than half a US cent in the local session after traders were reluctant to take the currency through key technical levels. More >>
Mycoplasma bovis on 17 farms: MPI says eradication on table
Thursday, 18 January 2018, 5:23 pm | BusinessDesk
Jan. 18 (BusinessDesk) - Three new properties have been identified as being infected with the Mycoplasma bovis bacterial cattle disease, bringing the total to 17, but the Ministry of Primary Industries still believes eradication is possible. More >>
Bod Australia signs deal to produce hemp-based mānuka honey
Thursday, 18 January 2018, 5:05 pm | BusinessDesk
Jan. 18 (BusinessDesk) - ASX-listed Bod Australia has signed an agreement with mānuka honey producer Manuka Pharma to produce a hemp-based honey product line. More >>
NZD drops on upbeat Fed report, Apple's tax bill
Thursday, 18 January 2018, 3:42 pm | BusinessDesk
Jan. 18 (BusinessDesk) - The New Zealand dollar dropped more than half a US cent after upbeat comments from the US Federal Reserve and news Apple Inc's tax bill and investment plans will see more funds flow into the US may have galvanised investors ... More >>
Chorus connections fall, data usage expected to grow in 2018
Thursday, 18 January 2018, 2:54 pm | BusinessDesk
Jan. 18 (BusinessDesk) - Chorus lost 23,000 fixed-line connections in the final three months of 2017, shedding lines at the same pace as the September quarter when it embarked on a marketing campaign extolling the virtues of fixed-line service. More >>
Fletcher Building didn't breach NZX rules
Thursday, 18 January 2018, 1:20 pm | BusinessDesk
Jan. 18 (BusinessDesk) - The New Zealand stock exchange has found Fletcher Building did not breach continuous disclosure rules in relation to two forecast earnings downgrades last year. More >>
NZ Refining lifts 2017 fee revenue 19%
Thursday, 18 January 2018, 12:54 pm | BusinessDesk
Jan. 18 (BusinessDesk) - New Zealand Refining lifted processing fee income 19 percent in 2017 as the country's only refinery operator enjoyed wider margins in the year, helping offset a lower volume during the pipeline outage in September. More >>
