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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 12]
UPDATE: Z, BP, Waitomo challenge ComCom claims
Monday, 16 September 2019, 8:08 pm | BusinessDesk
Sept. 16 – Z Energy, BP and Waitomo Group have challenged the Commerce Commission’s claims that a lack of competition in the fuel sector is delivering participants excess returns. More >>
UK trade minister pops up into Wellington
Monday, 16 September 2019, 4:32 pm | BusinessDesk
Sept. 16 (BusinessDesk) - New Zealand should get a better deal for exports of sheepmeat, beef and dairy products into the United Kingdom after Brexit, the British Minister of State for Trade, Liz Truss, said in Wellington today. More >>
A2, Synlait shares climb as takeover bid revives optimism
Monday, 16 September 2019, 3:34 pm | BusinessDesk
Sept. 16 (BusinessDesk) - A2 Milk and Synlait Milk shares jumped in early trading as a A$1.5 billion takeover bid for Bellamy's Australia revived optimism that Chinese demand for dairy products remains strong. More >>
Primary sector export revenue seen down 0.5% in FY2020
Monday, 16 September 2019, 3:20 pm | BusinessDesk
Sept. 16 (BusinessDesk) - Primary sector export revenue in the year ended June lifted 8.7 percent to $46.4 billion but is tipped to ease 0.5 percent as lower export volumes are forecast for most sectors, according to the latest Situation and Outlook for ... More >>
Z Energy demands ComCom fix 'material inaccuracies'
Monday, 16 September 2019, 3:17 pm | BusinessDesk
Sept. 16 (BusinessDesk) - Z Energy has released analysis that questions the Commerce Commission's basic arithmetic, use of economic concepts and choice of the formula it used to conclude the New Zealand transport fuel sector is uncompetitive. More >>
Bubbly services sector seen keeping growth afloat in June
Monday, 16 September 2019, 2:58 pm | BusinessDesk
Sept. 16 (BusinessDesk) - Service sector output may have kept the economy ticking over in the June quarter, but economists say the sluggish backdrop points to at least one more interest rate cut before December. More >>
Service sector activity eases in August but still expanding
Monday, 16 September 2019, 1:48 pm | BusinessDesk
Sept. 16 (BusinessDesk) - Activity in the services sector eased marginally in August but continues to expand. More >>
ANALYSIS: Wealth management now wags the stock-broking dog
Monday, 16 September 2019, 11:52 am | BusinessDesk
NZ dollar weakens as greenback gains on improving data
Monday, 16 September 2019, 11:08 am | BusinessDesk
Sept. 16 (BusinessDesk) - The kiwi is weaker after the greenback got a lift from improving US retail data and as markets keep a close eye on Saudi Arabia after weekend attacks on major oil plants. More >>
All eyes in financial markets on the Fed on Thursday
Monday, 16 September 2019, 11:03 am | BusinessDesk
Sept. 16 (BusinessDesk) - Financial markets this week will be dominated by expectations about, not so much what the Federal Reserve will do, but what it will say. More >>
Out with SME, in with MSB?
Monday, 16 September 2019, 10:37 am | BusinessDesk
Sept. 16 (BusinessDesk) - Too many of New Zealand's job-rich, medium-sized businesses fail to move beyond the habits learnt when they were small businesses, limiting their productivity and earning potential, says a report published this morning from accounting ... More >>
MARKET CLOSE: NZ shares fall for 5th day; Z Energy sold off
Friday, 13 September 2019, 8:55 pm | BusinessDesk
Sept. 13 (BusinessDesk) - New Zealand shares fell for a fifth session, with Z Energy coming in for another heavy day of selling after downgrading its earnings outlook yesterday. Blue-chip stocks were generally weaker. More >>
NZ dollar slides to 5-month low against Aussie
Friday, 13 September 2019, 8:32 pm | BusinessDesk
Sept. 13 (BusinessDesk) - The New Zealand dollar reached a five-month low against the Australian currency as the latter benefited more on news that United States President Donald Trump is willing to make an interim trade deal with China. More >>
Booster tests waters with NZX listing of property trust
Friday, 13 September 2019, 5:40 pm | BusinessDesk
Sept. 13 (BusinessDesk) - KiwiSaver and financial services provider Booster is eyeing further listings to give investors exposure to privately held businesses and assets through public markets. More >>
UPDATE: Tamarind halts Tui drilling; OMV assesses options
Friday, 13 September 2019, 4:19 pm | BusinessDesk
Sept. 13 (BusinessDesk) - Tamarind Resources has halted drilling at its Tui oil field off the Taranaki coast after the first of the three planned wells came up dry. More >>
Liquidation can be sought on small debts, appeal court finds
Friday, 13 September 2019, 3:39 pm | BusinessDesk
Sept. 13 (BusinessDesk) - A company could be liquidated over a debt as small as $1,000 thanks to a Court of Appeal ruling. More >>
$16m shortfall from Stanley-Tallwood collapse
Friday, 13 September 2019, 1:42 pm | BusinessDesk
Sept. 13 (BusinessDesk) - The liquidator for Stanley Group and associated companies, including prefabrication firm Tallwood Holdings, has estimated a $16 million shortfall from the construction group's failure. More >>
Manufacturing contraction extends into August
Friday, 13 September 2019, 1:41 pm | BusinessDesk
Sept. 13 (BusinessDesk) - New Zealand’s manufacturing sector contracted for a second month in August as new orders hit their lowest level in more than 10 years. More >>
House price inflation rekindles but low sales volumes
Friday, 13 September 2019, 1:16 pm | BusinessDesk
Sept. 13 (BusinessDesk) - House price inflation appears to be taking off again but sales volumes in August were down 6.1 percent from a year ago and at the lowest level in seven months. More >>
Tamarind halts Tui drilling programme
Friday, 13 September 2019, 11:56 am | BusinessDesk
Sept. 13 (BusinessDesk) - Tamarind Resources has halted drilling at its Tui oil field off the Taranaki coast after the first of the three planned wells came up dry. More >>
