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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 108]
Wrightson cleared to sell seeds business
Wednesday, 13 February 2019, 9:02 pm | BusinessDesk
Feb. 13 (BusinessDesk) - PGG Wrightson has been cleared to sell its seeds business to Denmark's DLF Seeds. More >>
NZ dollar jumps a cent as Reserve Bank wrong-foots traders
Wednesday, 13 February 2019, 9:01 pm | BusinessDesk
Feb. 13 (BusinessDesk) - The New Zealand dollar jumped just over one US cent after the Reserve Bank's bias towards eventually hiking interest rates - rather than cutting them - wrong-footed traders who were more wary about global risks. More >>
Orr dovish but not as dovish as the market expected
Wednesday, 13 February 2019, 9:00 pm | BusinessDesk
Feb. 13 (BusinessDesk) - Reserve Bank governor Adrian Orr’s latest monetary policy statement was on the dovish side, but not as dovish as the market had been expecting. More >>
Reserve Bank pushes out the likely date of next OCR move
Wednesday, 13 February 2019, 5:42 pm | BusinessDesk
Reserve Bank pushes out the likely date of next OCR move to 2021 More >>
Australia's Bapcor still finding NZ a happy hunting ground
Wednesday, 13 February 2019, 4:34 pm | BusinessDesk
Feb. 13 (BusinessDesk) - Australia's Bapcor is still enjoying strong earnings growth from its New Zealand autoparts business and opened another two stores as it chases market share. More >>
NZOG says rig booked for Ironbark drilling
Wednesday, 13 February 2019, 4:05 pm | BusinessDesk
Feb. 13 (BusinessDesk) - New Zealand Oil and Gas and its partners in the Ironbark project off Western Australia have secured a drilling rig for late 2020. More >>
SkyCity chair the likely driver of surprise share buyback
Wednesday, 13 February 2019, 3:03 pm | BusinessDesk
SkyCity chair Campbell the likely driver of surprise share buyback More >>
Hallenstein shares jump 7.5% on first-half profit guidance
Wednesday, 13 February 2019, 2:35 pm | BusinessDesk
Feb. 13 (BusinessDesk) - Hallenstein Glasson Holdings appears to have had a better than expected Christmas, with first-half sales up 3.1 percent and net profit expected to be about 6 percent higher. More >>
RMA reform must address council cultures, capability: Parker
Wednesday, 13 February 2019, 1:42 pm | BusinessDesk
Feb. 13 (BusinessDesk) - Wider reform of the country’s environmental planning laws will take time and will need to address the capabilities and the cultures of the institutions involved, Environment Minister David Parker says. More >>
Robertson's 'well-being' budget to be delivered on May 30
Wednesday, 13 February 2019, 1:37 pm | BusinessDesk
Feb. 13 (BusinessDesk) - Finance Minister Grant Robertson will deliver his first 'well-being' budget on May 30, which will focus on five areas he outlined in the December budget policy statement. More >>
Genesis caves, brings back door-knocking
Wednesday, 13 February 2019, 1:36 pm | BusinessDesk
Feb. 13 (BusinessDesk) - In 2014, with much media fanfare, Genesis Energy stopped door-to-door selling. The energy retailer, New Zealand’s largest, said its research suggested Kiwis didn’t like salespeople turning up on their doorstep - so Genesis ... More >>
RBNZ capital plan could see real-time bank stress test: KPMG
Wednesday, 13 February 2019, 1:34 pm | BusinessDesk
Feb. 13 (BusinessDesk) New Zealand’s big four banks were beset from all sides through 2018 with not only Australia’s royal commission revealing their parents’ sins and omissions but New Zealand’s own regulators launching their own inquiries after ... More >>
Contact's TCC plant may give way to Rankines
Wednesday, 13 February 2019, 1:32 pm | BusinessDesk
Feb. 13 (BusinessDesk) - Contact Energy’s 20-year-old gas-fired Taranaki Combined Cycle plant could be retired in favour of the greater flexibility provided by Genesis Energy’s dual-fuel Rankine units at Huntly. More >>
NZ dollar treads water as investors eye Reserve Bank review
Wednesday, 13 February 2019, 12:56 pm | BusinessDesk
Feb. 13 (BusinessDesk) - The New Zealand dollar was largely unchanged ahead of today's Reserve Bank policy review, which economists predict will echo sentiments overseas for rates to be held lower for longer. More >>
Moving to Hawkes Bay for life, not just for Christmas
Wednesday, 13 February 2019, 10:23 am | BusinessDesk
Feb. 13 (BusinessDesk) - Auckland house values have fallen slightly over the summer, but prices are going gangbusters in some North Island provincial centres, particularly in Hawkes Bay. More >>
MARKET CLOSE: NZ shares gain as power companies buoyed
Tuesday, 12 February 2019, 9:20 pm | BusinessDesk
MARKET CLOSE: NZ shares gain as power companies Meridian, Genesis, Mercury buoyed by low rate outlook More >>
NZ dollar treads water ahead of monetary policy statement
Tuesday, 12 February 2019, 8:29 pm | BusinessDesk
Feb. 12 (BusinessDesk) - The New Zealand dollar is little changed ahead of the Reserve Bank’s monetary policy statement tomorrow (Wednesday) afternoon. More >>
Inflation expectations ease in Reserve Bank survey
Tuesday, 12 February 2019, 7:58 pm | BusinessDesk
Feb. 12 (BusinessDesk) - Business managers and finance professionals trimmed their inflation expectations in the latest Reserve Bank survey, at a time when traders are pricing in a growing chance of lower interest rates. More >>
Falling battery costs may outstrip Transpower projections
Tuesday, 12 February 2019, 3:53 pm | BusinessDesk
Feb. 12 (BusinessDesk) - Falling solar and battery costs may already have overtaken prices assumed in Transpower’s latest modelling of the future power system, the Sustainable Energy Association of New Zealand says. More >>
Retrospective NZX rules change hurts Vital investors
Tuesday, 12 February 2019, 3:45 pm | BusinessDesk
Retrospective NZX rules change hurts Vital Healthcare investors More >>
