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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 119]
UPDATE: Card spending fall suggests little Christmas cheer
Wednesday, 16 January 2019, 4:09 pm | BusinessDesk
Jan. 16 (BusinessDesk) - Retail spending using electronic cards over the key Christmas period suggests retailers found little to cheer about in the festive season. More >>
Transpower signals tight electricity supply in mid-May
Wednesday, 16 January 2019, 3:56 pm | BusinessDesk
Jan. 16 (BusinessDesk) - Transpower is asking generators to avoid planning further maintenance work in May and June so that it can maintain a sufficient capacity buffer during peak winter demand. More >>
Card spending suggests little festive cheer for retailers
Wednesday, 16 January 2019, 2:33 pm | BusinessDesk
Jan. 16 (BusinessDesk) - Retail spending using electronic cards over the key Christmas period suggests retailers found little to cheer about in the festive season. More >>
Govt's surplus runs ahead of forecast
Wednesday, 16 January 2019, 1:03 pm | BusinessDesk
Jan. 16 (BusinessDesk) - The government’s budget surplus for the five months ended November was running slightly ahead of forecast due to it collecting more tax and incurring fewer expenses than forecast. More >>
Michael Hill Dec qtr sales fall 1.3% despite Christmas boost
Wednesday, 16 January 2019, 12:57 pm | BusinessDesk
Jan. 16 (BusinessDesk) - Michael Hill International reported a 1.3 percent decline in December quarter sales, with only its Canadian business reporting improved sales in the key pre-Christmas period. More >>
Wage pressures missing in action
Wednesday, 16 January 2019, 12:15 pm | BusinessDesk
Jan. 16 (BusinessDesk) - Confidence in the labour market rose strongly in December, reaching its highest level since early 2008, but wage pressures remain tepid. More >>
NZD treads water ahead of Brexit vote
Wednesday, 16 January 2019, 11:22 am | BusinessDesk
Jan. 16 (BusinessDesk) - The kiwi stuck to a tight range ahead of the Brexit vote in the UK, helped by new China stimulus and a solid overnight milk auction. More >>
Dairy product prices climb
Wednesday, 16 January 2019, 10:39 am | BusinessDesk
Jan. 16 (BusinessDesk) - Dairy product prices gained at the Global Dairy Trade auction, as stronger demand pushed prices higher for the fourth straight auction. More >>
QV says house prices rose 3.2% in 2018
Wednesday, 16 January 2019, 10:21 am | BusinessDesk
Jan. 16 (BusinessDesk) - Quotable Value says its house price index rose 3.2 percent in the year ended December, a slowdown from November’s 3.5 percent annual reading. More >>
MARKET CLOSE: NZ shares drift after US stocks ease
Tuesday, 15 January 2019, 10:05 pm | BusinessDesk
Jan. 15 (BusinessDesk) - New Zealand shares drifted in quiet trading after US stocks ended in the red. Spark slid while A2 Milk helped shore up the index. More >>
NZ dollar nudges higher ahead of key Brexit vote
Tuesday, 15 January 2019, 10:03 pm | BusinessDesk
Jan. 15 (BusinessDesk) - The New Zealand dollar rose a little after somewhat better-than-expected business sentiment data but investors’ main focus is the key vote on British Prime Minister Theresa May’s Brexit plan due 8am tomorrow New Zealand time. More >>
Better but still weak business confidence: a signal to cut?
Tuesday, 15 January 2019, 7:30 pm | BusinessDesk
Jan. 15 (BusinessDesk) - ANZ Bank economist Liz Kendall says the New Zealand Institute of Economic Research’s latest quarterly survey of business opinion shows the Reserve Bank will eventually need to cut interest rates. More >>
More court action this week over Rod Duke's helipad
Tuesday, 15 January 2019, 7:29 pm | BusinessDesk
Jan. 15 (BusinessDesk) - Opponents of a helipad that Briscoe’s boss Rod Duke is building on an inner city Auckland beach are furious that Auckland Council has given permission for some work on the helipad/boatshed site, despite the High Court quashing ... More >>
December food prices up on year
Tuesday, 15 January 2019, 2:21 pm | BusinessDesk
Jan. 15 (BusinessDesk) - Food prices lifted on the year in December as a tumble in fruit and vegetable prices was offset by increases in other products like eggs. More >>
Businesses become less gloomy as demand lifts: QSBO
Tuesday, 15 January 2019, 1:22 pm | BusinessDesk
Jan. 15 (BusinessDesk) - Business confidence improved somewhat in the December quarter but still remains deeply pessimistic, the latest quarterly survey of business opinion by the New Zealand Institute of Economic Research shows. More >>
NZ dollar firms; improved business confidence expected
Tuesday, 15 January 2019, 12:10 pm | BusinessDesk
Jan. 15 (BusinessDesk) - The New Zealand dollar firmed ahead of business confidence data today expected to show a lift in sentiment since October. More >>
Last-ditch lobbying for massive telescope project
Tuesday, 15 January 2019, 11:33 am | BusinessDesk
Jan. 15 (BusinessDesk) - Big data analytics firm Catalyst and parts of New Zealand's tiny astronomy community are mounting a last-ditch effort to keep New Zealand a full member of an international project to build the world's most powerful telescope. More >>
MARKET CLOSE: NZ shares inch higher in tepid trade
Monday, 14 January 2019, 9:25 pm | BusinessDesk
Jan. 14 (BusinessDesk) - New Zealand shares inched higher in quiet trading as investors await news from offshore. Kathmandu recovered some of its recent losses. More >>
ARA Group acquires Metalbilt, Danks in RCR disposal
Monday, 14 January 2019, 9:24 pm | BusinessDesk
Jan. 14 (BusinessDesk) - Metalbilt Doors and Danks Roller Doors have been sold to Sydney-based ARA Group as part of the liquidation of RCR Tomlinson’s New Zealand activities. More >>
UPDATE: Pohokura maintenance to cut production again
Monday, 14 January 2019, 9:24 pm | BusinessDesk
Jan. 14 (BusinessDesk) - Production from the offshore Pohokura gas field is to be cut for a third time in a year next month. More >>
