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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 116]
NZ dollar weakens on China trade risk
Friday, 25 January 2019, 12:00 pm | BusinessDesk
Jan. 25 (BusinessDesk) - The New Zealand dollar weakened against its US counterpart as officials there tried to cool expectations for the China-US trade talks next week and investors saw added risk from the housing slowdown in Australia. More >>
No room for individual contracts in Fair Pay Agreements
Thursday, 24 January 2019, 9:03 pm | BusinessDesk
Jan. 24 (BusinessDesk) - Industries covered by the government's proposed nationwide Fair Pay Agreements will not be permitted to employ staff on individual contracts except in a few, temporary circumstances, according to reports leaking from the recommendations ... More >>
MARKET CLOSE: NZ shares inch higher
Thursday, 24 January 2019, 9:02 pm | BusinessDesk
Jan. 24 (BusinessDesk) - New Zealand shares inched higher but trading was mixed on concerns that US economic growth will take a hit from the longest-ever government shutdown and as investors pared back expectations of a New Zealand rate cut. More >>
NZ dollar stalls after NAB raises mortgage rates
Thursday, 24 January 2019, 9:01 pm | BusinessDesk
Jan. 24 (BusinessDesk) - The New Zealand dollar is little changed, dragged off its highs after National Australia Bank said it will be raising interest rates on its mortgage products by between 12 and 15 basis points to respond to sustained increases ... More >>
IkeGPS may miss full-year guidance
Thursday, 24 January 2019, 9:00 pm | BusinessDesk
Jan. 24 (BusinessDesk) - Utilities measurement specialist IkeGPS says it may not break-even at the operating level in the March quarter due to a delay closing a large contract for its Ike Analyze service. More >>
2019 may be a better year for listings: NZX's Peterson
Thursday, 24 January 2019, 8:59 pm | BusinessDesk
Jan. 24 (BusinessDesk) - The year ahead is shaping up to be more positive for potential new listings including initial public offerings, NZX chief executive Mark Peterson says. More >>
Accountants call for changes in capital gains tax draft
Thursday, 24 January 2019, 3:15 pm | BusinessDesk
Jan. 24 (BusinessDesk) - Accounting industry body CPA Australia is calling for changes to the capital gains tax as proposed by the Tax Working Group. It says the system in the draft report could “stymie investment, business and jobs growth”. More >>
Rubicon says hurricane damage will cut earnings
Thursday, 24 January 2019, 2:21 pm | BusinessDesk
Jan. 24 (BusinessDesk) - Rubicon has cut its earnings guidance, citing a deeper-than-expected impact on its ArborGen business from Hurricane Michael in the US in October. More >>
Piha EV trial to test vehicle-to-home power supply
Thursday, 24 January 2019, 2:20 pm | BusinessDesk
Jan. 24 (BusinessDesk) - An electric vehicle trial Vector plans in Piha this year will help test the ability of homeowners to use a car battery to provide peak-period power or back-up supplies during an emergency. More >>
NZX, FMA launch capital markets review
Thursday, 24 January 2019, 1:13 pm | BusinessDesk
Jan. 24 (BusinessDesk) - Stock exchange operator NZX and the Financial Markets Authority have formed a formal review - Capital Markets 2029 - to investigate the drivers of listing activity. More >>
NZ dollar extends gain on reduced chances of rate cut
Thursday, 24 January 2019, 11:51 am | BusinessDesk
Jan. 24 (BusinessDesk) - The New Zealand dollar extended yesterday’s gains on the reduced risk of an early rate cut by the Reserve bank. More >>
NZ shares ease on global growth concerns
Wednesday, 23 January 2019, 9:01 pm | BusinessDesk
New Zealand shares eased as investors continued to fret about US-China trade tensions and the political impasse in the US. More >>
NZ dollar rises as inflation data reduces rate-cut risk
Wednesday, 23 January 2019, 8:27 pm | BusinessDesk
The New Zealand dollar rose against all major currencies after inflation data came in at the upper end of expectations. More >>
Police working with digital forensic experts on Crypto Hack
Wednesday, 23 January 2019, 8:26 pm | BusinessDesk
Police are drawing on international expertise as they investigate the theft of several million dollars-worth of funds from Christchurch-based cryptocurrency exchange Cryptopia last week. More >>
PaySauce more than doubles recurring quarterly revenue
Wednesday, 23 January 2019, 5:27 pm | BusinessDesk
Jan. 23 (BusinessDesk) - Payroll software provider PaySauce says its recurring revenue in the December quarter was 109 percent ahead of the same quarter of 2017. More >>
UPDATE: economists see some signs of emerging pressure
Wednesday, 23 January 2019, 3:53 pm | BusinessDesk
Jan. 23 (BusinessDesk) - New Zealand's inflation remained stuck in neutral in the fourth quarter but economists say the data does point to some emerging cost pressure. More >>
Mercury says strong prices to offset lower hydro output
Wednesday, 23 January 2019, 2:33 pm | BusinessDesk
Jan. 23 (BusinessDesk) - Mercury NZ says high spot prices in the December quarter should enable it to meet its full-year earnings guidance despite lower hydro production and the loss of earnings from its soon-to be-sold meter business. More >>
NZ 4Q inflation remains stuck in neutral
Wednesday, 23 January 2019, 2:07 pm | BusinessDesk
Jan. 23 (BusinessDesk) - New Zealand’s inflation remained stuck in neutral in the fourth quarter as petrol prices fell. The data was in line with economists’ expectations but slightly below what the central bank had tipped. More >>
Agria rep to step down as Wrightson chair by June 28
Wednesday, 23 January 2019, 1:39 pm | BusinessDesk
Jan. 23 (BusinessDesk) - PGG Wrightson says current chair Joo Hai Lee will step down before June 28 but that the board will continue its governance review in the meantime. More >>
Z Energy raises earnings, dividend forecast on crude slump
Wednesday, 23 January 2019, 1:22 pm | BusinessDesk
Jan. 23 (BusinessDesk) - Z Energy has increased its full-year earnings guidance by more than $15 million due to improved margins following the sharp drop in oil prices late last year. More >>
