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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 111]
Pushpay forecasts 60% full-year margin, 'substantial' profit
Thursday, 7 February 2019, 1:34 pm | BusinessDesk
Feb. 7 (BusinessDesk) - Digital church collection payment operator Pushpay said a strong December quarter performance should deliver a gross margin of more than 60 percent for the year ending March. More >>
Property investor survey suggests they're conservative
Thursday, 7 February 2019, 11:48 am | BusinessDesk
Feb. 7 (BusinessDesk) - A survey of residential property investors shows most own a handful of properties, are relatively lowly geared and operate on a ‘buy and hold’ strategy. More >>
NZD jumps against Aussie on dovish Lowe speech
Thursday, 7 February 2019, 11:11 am | BusinessDesk
Feb. 7 (BusinessDesk) - The New Zealand dollar gained strongly against the Australian dollar after Reserve Bank of Australia governor Philip Lowe opened the door to a rate cut. More >>
Dairy product prices rally, led by milk powder
Thursday, 7 February 2019, 11:00 am | BusinessDesk
Feb. 7 (BusinessDesk) - Dairy product prices rose at the Global Dairy Trade auction, moving higher for the fifth consecutive time. More >>
MARKET CLOSE: NZ shares join Australian rally
Tuesday, 5 February 2019, 9:12 pm | BusinessDesk
Feb. 5 (BusinessDesk) - New Zealand shares followed Australia higher as banking stocks rallied on both sides of the Tasman after a Royal Commission into the sector was less harsh than many had feared. Dual-listed lenders Australia & New Zealand ... More >>
NZ dollar falls against Aussie
Tuesday, 5 February 2019, 8:41 pm | BusinessDesk
Feb. 5 (BusinessDesk) - The New Zealand dollar fell half a cent against the Australian dollar after a statement from the Reserve Bank of Australia appeared to put paid to the chance of any rate cut there this year. More >>
Deutsche Craigs, Goldmans to run Napier Port IPO
Tuesday, 5 February 2019, 5:50 pm | BusinessDesk
Hawke's Bay Regional Council has hired Deutsche Craigs and Goldman Sachs to run the planned partial privatisation of Napier Port. More >>
NZ commodity prices have strong start to 2019
Tuesday, 5 February 2019, 4:42 pm | BusinessDesk
New Zealand commodity prices rose in January, arresting the downward trend of the past seven months, ANZ Bank’s monthly commodity price index shows. More >>
Mitre 10 boss Neil Cowie to depart
Tuesday, 5 February 2019, 4:13 pm | BusinessDesk
Feb. 5 (BusinessDesk) - Mitre 10 chief executive Neil Cowie will end a five-year stint in charge of the country's biggest hardware chain, having overseen a 50 percent increase in annual sales. More >>
Taranaki council disputes govt wastewater claims
Tuesday, 5 February 2019, 2:51 pm | BusinessDesk
Feb. 5 (BusinessDesk) - Taranaki Regional Council says potential problems with the country’s management of wastewater and stormwater systems have been “poorly defined and inadequately researched” and more work is needed before the government imposes ... More >>
Will Australia ban mortgage brokers' commissions?
Tuesday, 5 February 2019, 2:32 pm | BusinessDesk
Feb. 5 (BusinessDesk) - Australian Royal Commissioner Kenneth Hayne delivered a devastating blow to commission salespeople – or financial advisers, depending on your point of view – but Australia’s Treasurer Josh Frydenberg is baulking at implementing ... More >>
Govt must keep nerve if housing reforms to succeed
Tuesday, 5 February 2019, 2:10 pm | BusinessDesk
Feb. 5 (BusinessDesk) - The government needs to keep its nerve and press ahead to abolish Auckland's urban city limits and accelerate both the creation of an Urban Development Authority to over-ride local government regulation, and implement new ... More >>
New state houses for the elderly in Whangarei
Tuesday, 5 February 2019, 2:08 pm | BusinessDesk
Housing and Urban Development Minister Phil Twyford today officially opened eleven new state homes in Whangarei designed to cater to the elderly and those with limited mobility. More >>
Auckland housing still moving in favour of buyers: Barfoot
Tuesday, 5 February 2019, 1:58 pm | BusinessDesk
Feb. 5 (BusinessDesk) - The Auckland housing market continues to move in favour of buyers, with prices easing but sales numbers jumping to their highest January level in three years, said the city's biggest realtor. More >>
NZ new vehicle registrations fall in January
Tuesday, 5 February 2019, 12:25 pm | BusinessDesk
Feb. 5 (BusinessDesk) - New Zealand new vehicle registrations fell in January as the market continues to soften, the Motor Industry Association said. More >>
NZD weaker against US but rangebound against Aussie
Tuesday, 5 February 2019, 11:15 am | BusinessDesk
Feb. 5 (BusinessDesk) - The New Zealand dollar eased against the greenback but stuck to a tight range against the Australian dollar ahead of the Reserve Bank of Australian cash rate decision due this afternoon. More >>
Australian commission ban likely to scare NZ brokers
Tuesday, 5 February 2019, 10:44 am | BusinessDesk
Feb. 4 (BusinessDesk) - The 76 recommendations from Australia's royal commission on banking include sweeping reforms. More >>
MARKET CLOSE: NZ shares fall as investors eye bank report
Monday, 4 February 2019, 8:50 pm | BusinessDesk
Feb. 4 (BusinessDesk) - New Zealand shares fell in relatively quiet trading, with investors keeping one eye across the Tasman for the findings of a royal commission into the banking sector and waiting for the domestic earnings season to start next ... More >>
NZ dollar holds recent gains on greater risk appetite
Monday, 4 February 2019, 8:22 pm | BusinessDesk
Feb. 4 (BusinessDesk) - The New Zealand dollar is little changed and holding recent gains after much better-than-expected US jobs numbers on Friday sent a powerful signal that it’s still worth buying riskier assets, such as the kiwi currency. More >>
Life insurance industry will need to be dragged to reform
Monday, 4 February 2019, 5:20 pm | BusinessDesk
Financial Markets Authority chief executive Rob Everett was under-stating the case when he said the life insurance industry isn’t capable of making necessary changes on its own. More >>
