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BusinessDesk
Independent, Trustworthy New Zealand Business News
The Wellington-based BusinessDesk team provides a daily news feed for a serious business audience.
BusinessDesk - Latest News [Page 10]
MARKET CLOSE: NZ shares gain; appetite for KFC
Thursday, 19 September 2019, 8:55 pm | BusinessDesk
Sept. 19 (BusinessDesk) - New Zealand shares rose, led by a recovery in fuel retailer Z Energy and as Restaurant Brands New Zealand hit a record. More >>
NZ dollar mixed, buffeted by Fed talk and downunder data
Thursday, 19 September 2019, 8:25 pm | BusinessDesk
Sept. 19 (BusinessDesk) - The New Zealand dollar was mixed after a roller-coaster day of US central bank action and domestic and Australian data. More >>
Super Fund can expect lower returns over next decade
Thursday, 19 September 2019, 7:41 pm | BusinessDesk
Sept. 19 (BusinessDesk) - The New Zealand Superannuation Fund has delivered excellent returns over the past five years, but should expect those to decline in the next decade, says an independent review. More >>
Penalties for continuous disclosure breaches
Thursday, 19 September 2019, 3:56 pm | BusinessDesk
Sept. 19 (BusinessDesk) - Is the liability companies and directors face for breaches of NZX's continuous disclosure rules preventing people from becoming directors? More >>
UPDATE: NZ economy grows 0.5% in June quarter
Thursday, 19 September 2019, 3:53 pm | BusinessDesk
Sept. 19 (BusinessDesk) - New Zealand’s economy grew more than expected in the second quarter, with stronger services output offsetting a slide in manufacturing and construction but economists say it won't deter the central bank from cutting ... More >>
Fletcher seeks urgent talks on Ihumatao stalemate
Thursday, 19 September 2019, 2:23 pm | BusinessDesk
Sept. 19 (BusinessDesk) - Fletcher Building is "disappointed" no resolution emerged from talks brokered by the Kingitanga on the future of the company's delayed housing development at Ihumatao. More >>
NZ economy grows 0.5% in June quarter, beating expectations
Thursday, 19 September 2019, 2:07 pm | BusinessDesk
Sept. 19 (BusinessDesk) - New Zealand’s economy grew more than expected in the second quarter, with stronger services output offsetting a slide in manufacturing and construction. More >>
Restaurant Brands lifts 2Q sales
Thursday, 19 September 2019, 12:41 pm | BusinessDesk
Sept. 19 (BusinessDesk) - Restaurant Brands New Zealand lifted second-quarter sales 3.5 percent as growing demand for the fast-food operator's local KFC chain more than offset the loss of its lacklustre Starbucks Coffee stores. More >>
Auckland jet fuel arrangements a potential barrier
Thursday, 19 September 2019, 11:07 am | BusinessDesk
Sept. 18 (BusinessDesk) - The three major oil companies’ control of fuelling at Auckland International Airport is a potential barrier to competition and should be reviewed as part of the airport’s redevelopment, a government inquiry says. More >>
Leading judge says court administration model 'outdated'
Thursday, 19 September 2019, 11:04 am | BusinessDesk
Sept. 19 (BusinessDesk) - A Court of Appeal judge has criticised how New Zealand’s courts are run, labelling the system “outdated” and proposing reform including who should have control of budgets. More >>
NZ dollar weaker after Fed split on outlook for US cuts
Thursday, 19 September 2019, 11:02 am | BusinessDesk
Sept. 19 (BusinessDesk) - The New Zealand dollar weakened after the US Federal Reserve cut rates but were split over the outlook for further cuts. More >>
MARKET CLOSE: NZ shares fall; Goodman placement
Wednesday, 18 September 2019, 8:54 pm | BusinessDesk
Sept. 18 (BusinessDesk) - New Zealand shares fell, with heavy trading in property stocks as investors cleared their books to make way for a $150 million placement in Goodman Property Trust. More >>
NZ dollar eases as market eyes pending GDP data
Wednesday, 18 September 2019, 8:30 pm | BusinessDesk
Sept. 18 (BusinessDesk) - The New Zealand dollar was a little weaker as the market took bets that June-quarter GDP data out tomorrow will be on the weaker side of expectations. More >>
Evolve shareholders demand answers
Wednesday, 18 September 2019, 8:29 pm | BusinessDesk
Sept. 18 (BusinessDesk) - New directors at Evolve Education were forced to their feet as shareholders demanded information from the childcare firm’s new management. More >>
UPDATE: Goodman opts for underwritten $150m placement
Wednesday, 18 September 2019, 8:27 pm | BusinessDesk
Sept. 18 (BusinessDesk) - Goodman Property Trust's manager says it will raise up to $175 million from a $150 million placement to institutions and up to $25 million in a retail offer to existing unitholders. More >>
Strong tourism, low rates keep lid on NZ account deficit
Wednesday, 18 September 2019, 4:41 pm | BusinessDesk
Sept. 18 (BusinessDesk) - New Zealand's persistently strong tourism market and low global interest rates have helped keep a lid on the current account deficit and may continue to do so during the next year and a half. More >>
Refining NZ margins jump to 18-month high
Wednesday, 18 September 2019, 4:07 pm | BusinessDesk
Sept. 18 (BusinessDesk) - Processing margins at the Marsden Point oil refinery jumped to an 18-month high after the closure of a key US refinery and unplanned outages at plants in Asia. More >>
Goodman trust spec builds warehouses in constrained market
Wednesday, 18 September 2019, 4:05 pm | BusinessDesk
Sept. 18 (BusinessDesk) - Goodman Property Trust's up to $175 million capital raising will place it below targeted gearing in a market where demand, property valuations and rents are rising but supply is constrained. More >>
Kathmandu shares rise 9.3% on strong FY result
Wednesday, 18 September 2019, 3:59 pm | BusinessDesk
Sept. 18 (BusinessDesk) - Kathmandu Holdings shares rose 9.3 percent after the company reported annual profit at the top end of its guidance, including a standout performance in the US. More >>
FMA seeks greater powers from the government
Wednesday, 18 September 2019, 3:40 pm | BusinessDesk
Sept. 18 (BusinessDesk) - The Financial Markets Authority wants the government to give it the power to "go in and poke around" inside banks and insurers so it can stop potential problems for consumers before they happen, says chief executive ... More >>
