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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 114]
Bridges pledges tax indexation to protect incomes
Wednesday, 30 January 2019, 8:15 pm | BusinessDesk
Jan. 30 (BusinessDesk) - National leader Simon Bridges is pledging to index tax thresholds to inflation to prevent wage and salary earners being pushed into ever higher tax brackets. More >>
First Food Act fine imposed on Hellers for mis-labelling
Wednesday, 30 January 2019, 8:14 pm | BusinessDesk
Jan. 30 (BusinessDesk) - Bacon and sausage manufacturer Hellers has been fined $39,375 and ordered to pay $5,000 to each of three children who suffered allergic reactions after eating mis-labelled sausages. More >>
QEX inks partnership distributor deal with Danone
Wednesday, 30 January 2019, 5:33 pm | BusinessDesk
QEX Logistics has inked a partnership distributor deal with French food maker Danone which is expected to lift revenue, it said in a statement to the stock exchange. More >>
MBIE calls for submissions on new procurement rules
Wednesday, 30 January 2019, 5:17 pm | BusinessDesk
The government wants to encourage more New Zealand businesses to supply it with goods and services and plans to change its procurement rules to help further its policies. More >>
EU votes to reduce NZ export rights
Wednesday, 30 January 2019, 4:06 pm | BusinessDesk
The European Union's parliament has taken a decisive step towards unilaterally reducing New Zealand's rights to export specified quantities of tariff-free sheepmeat, beef and dairy products to the trading bloc if and when Brexit occurs. More >>
Air NZ shares hit 3-month low
Wednesday, 30 January 2019, 2:39 pm | BusinessDesk
Jan. 30 (BusinessDesk) - Air New Zealand shares sank to a three-month low after the national carrier warned annual earnings will drop by as much as 37 percent, with softer tourism and slowing domestic travel restraining revenue growth. More >>
Z Energy CFO Day to depart in exec restructuring
Wednesday, 30 January 2019, 1:40 pm | BusinessDesk
Jan. 30 (BusinessDesk) - Z Energy chief financial officer Chris Day will leave the business in May as part of an executive restructuring aimed at improving the firm’s focus on productivity and digital product development. More >>
Heartland appoints Myles Perry as acting CFO
Wednesday, 30 January 2019, 1:02 pm | BusinessDesk
Jan. 30 (BusinessDesk) - Heartland Group has appointed Myles Perry as acting chief financial officer while the bank and financial services company “will continue to consider its longer term requirements.” More >>
Air New Zealand slashes earnings guidance on engine issue
Wednesday, 30 January 2019, 12:30 pm | BusinessDesk
Jan. 30 (BusinessDesk) - Air New Zealand has warned annual earnings may fall by as much as 37 percent as it deals with disruptions caused by the global Rolls Royce engine issues and slowing travel growth. More >>
NZQA must urgently bolster vocational training
Wednesday, 30 January 2019, 11:56 am | BusinessDesk
Jan. 30 (BusinessDesk) - Government won’t get the skilled construction industry employees it needs for KiwiBuild and other long term housing projects while its tertiary education framework treats trades qualifications as second class citizens. More >>
NZ dollar treads water as US-China trade talks
Wednesday, 30 January 2019, 11:39 am | BusinessDesk
Jan. 30 (BusinessDesk) - The New Zealand dollar was largely unchanged as investors wait for upcoming trade talks between the US and China and the Federal Reserve's first policy meeting of the year. More >>
MARKET CLOSE: NZ shares fall amid ongoing concerns
Tuesday, 29 January 2019, 9:01 pm | BusinessDesk
Jan. 29 (BusinessDesk) - New Zealand shares fell, in line with declines in the US and across Asia, amid ongoing concerns about global growth, particularly in China. More >>
Global risk aversion keeps NZ dollar capped
Tuesday, 29 January 2019, 8:44 pm | BusinessDesk
Jan. 29 (BusinessDesk) - The New Zealand dollar remains under pressure after the US levelled criminal charges against telecom giant Huawei on the eve of China-US trade talks. More >>
Regulators should name and shame insurers
Tuesday, 29 January 2019, 7:56 pm | BusinessDesk
Jan. 29 (BusinessDesk) - Regulators should name and shame errant life insurers who don't mend their ways, Finance Minister Grant Robertson says. More >>
Govt to fast-track bank, life insurance measures
Tuesday, 29 January 2019, 6:50 pm | BusinessDesk
Jan. 29 (BusinessDesk) - The government will look to remove sales incentives in the life insurance industry and fast-track other customer protection measures in the financial sector after a report highlighted major issues in the insurance sector ... More >>
Life insurance industry slammed in regulators’ report
Tuesday, 29 January 2019, 4:07 pm | BusinessDesk
Jan. 29 (BusinessDesk) - The life insurance industry is vulnerable to misconduct, is ignoring whether its products are suitable for customers and is too slow to make changes. More >>
Regulators identify life insurance bad behaviour
Tuesday, 29 January 2019, 4:05 pm | BusinessDesk
Jan. 29 (BusinessDesk) - One New Zealand-based life insurer has been selling a life product to foreign customers, even though cover was only available to New Zealand residents. More >>
Fuel imports drive NZ's annual trade deficit to 11-year high
Tuesday, 29 January 2019, 2:50 pm | BusinessDesk
Fuel imports drove New Zealand's annual trade deficit to its highest level in 11 years in 2018. More >>
SkyCity first-half earnings beat expectations
Tuesday, 29 January 2019, 12:52 pm | BusinessDesk
Jan. 29 (BusinessDesk) - SkyCity Entertainment Group says first-half profit beat guidance as high rollers and its flagship Auckland casino delivered strong performances. More >>
NZ dollar falls with slowing Chinese growth
Tuesday, 29 January 2019, 11:37 am | BusinessDesk
Jan. 29 (BusinessDesk) - The New Zealand dollar fell after US companies said a slower Chinese economy was weighing on earnings, increasing fears about global growth. More >>
