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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 122]
Pushpay on track to achieve positive March-year ebitdaf
Monday, 7 January 2019, 2:33 pm | BusinessDesk
Jan. 7 (BusinessDesk) - Digital church collection payment operator Pushpay said it achieved its target of breaking even on a monthly cash flow basis prior to the end of 2018 and is confident it will now have positive cash flows on an ongoing basis. More >>
Paymark points to disappointing retail sales over Christmas
Monday, 7 January 2019, 1:26 pm | BusinessDesk
Jan. 7 (BusinessDesk) - December retail sales using electronic cards were relatively flat, rising 1.2 percent by value compared with the 5 percent growth shown in the preceding 11 months. More >>
Do our banks need as much gold-plating as RBNZ thinks?
Monday, 7 January 2019, 1:18 pm | BusinessDesk
Jan. 7 (BusinessDesk) - Stress-testing banks has become de rigueur for central banks since the global financial crisis and New Zealand's banks have passed repeated tests over a number of years with flying colours. More >>
Kiwi dollar firms on Fed comments, US jobs growth
Monday, 7 January 2019, 1:16 pm | BusinessDesk
The New Zealand dollar opened firmer after strong jobs data in the US helped calm rattled equity markets and offered an improved growth outlook for 2019. The kiwi was trading at 67.40 US cents at 9am from 67.29 cents in New York Friday and 67.02 ... More >>
MARKET CLOSE: NZ shares firm as Apple jitters bolster demand
Friday, 4 January 2019, 9:26 pm | BusinessDesk
Jan. 4 (BusinessDesk) - New Zealand shares rose slightly as growing investor unease over the global economy bolstered demand for defensive stocks such as local utilities Meridian Energy and Mercury NZ. More >>
New Zealand dollar treads water after wild swings
Friday, 4 January 2019, 9:25 pm | BusinessDesk
Jan. 4 (BusinessDesk) - The New Zealand dollar is little changed as investors weigh recent extreme volatility and look for some direction from United States equities markets and US employment data due out overnight. More >>
SLI Systems to delist next week
Friday, 4 January 2019, 9:23 pm | BusinessDesk
Jan. 4 (BusinessDesk) - SLI Systems will end its five-and-a-half years on the stock exchange when new owner ESW Holdings delists the retail search engine software developer next Thursday. More >>
Govt MP jumps queue in bid for banking code of conduct
Friday, 4 January 2019, 4:23 pm | BusinessDesk
Government backbencher Kieran McAnulty has jumped the queue in trying to impose a code of conduct on banks with a private members' bill lodged just before Parliament's seven-week summer break. More >>
NZ dollar rallies as US stocks plunge sparks a USD sell-off
Friday, 4 January 2019, 12:53 pm | BusinessDesk
Jan. 4 (BusinessDesk) - The New Zealand dollar rallied along with most other currencies as plunging stock markets in the United States spurred loss-covering sales of US dollar positions. More >>
NZ shares follow Australian shares higher, up 4.6% in 2018
Monday, 31 December 2018, 5:28 pm | BusinessDesk
The New Zealand share market ended 2018 on a firm note, lifted from earlier doldrums by a positive start to trading across the Ditch and with the dual-listed shares in A2 Milk leading the market higher. More >>
NZ dollar heads for 5.4% decline in 2018
Monday, 31 December 2018, 5:26 pm | BusinessDesk
The New Zealand dollar is heading for a 5.4 percent decline against the greenback this year, with US interest rates the main focus for 2018. More >>
Moneybag shuts for Bendon owner Naked, seeks $26M
Monday, 31 December 2018, 1:38 pm | BusinessDesk
Bendon's Nasdaq-listed owner Naked Brand Group's former route to a bail-out - former Bendon owner Eric Watson - is closed as it seeks to raise another $26 million by July. More >>
NZ dollar holds above US67c on US-China trade talks optimism
Monday, 31 December 2018, 1:36 pm | BusinessDesk
The New Zealand dollar held above 67 US cents as investors grew optimistic the US and China will find common ground in addressing their trade dispute, allaying a major threat to global growth. More >>
MARKET CLOSE: NZ shares nudge higher on last full day
Friday, 28 December 2018, 8:44 pm | BusinessDesk
MARKET CLOSE: NZ shares nudge higher on last full day's trading for the year More >>
NZ dollar still on the sidelines
Friday, 28 December 2018, 8:20 pm | BusinessDesk
Dec. 28 (BusinessDesk) - The New Zealand dollar has largely been left on the sidelines as investors remain fixated on the gyrations in equity markets. More >>
Sealord lifts annual net profit 31%
Friday, 28 December 2018, 4:02 pm | BusinessDesk
Dec. 28 (BusinessDesk) - The Sealord Group lifted annual net profit 31 percent after it shed a loss-making venture and as earnings from continuing operations climbed 11.4 percent. More >>
Westland Milk loan heightens PGF slush fund suspicions
Friday, 28 December 2018, 12:11 pm | BusinessDesk
Dec. 28 (BusinessDesk) - Regional Economic Development Minister Shane Jones’s $3 billion Provincial Growth Fund has the laudable aim of enhancing development opportunities in the regions. More >>
NZ dollar slips to 7-week low as weak US confidence spooks
Friday, 28 December 2018, 12:00 pm | BusinessDesk
Dec. 28 (BusinessDesk) - The New Zealand dollar fellow below 67 US cents for the first time in more than seven weeks as weaker than expected US consumer confidence raised new fears about the pace of growth in the world's biggest economy. More >>
MARKET CLOSE: NZ shares join global rally
Thursday, 27 December 2018, 8:47 pm | BusinessDesk
Dec. 27 (BusinessDesk) - New Zealand shares joined the post-Christmas global rally, with beat-up stocks including Pushpay, Scales Corp and Heartland Group among those leading the gains. More >>
NZ dollar stays in tight range as global markets rally
Thursday, 27 December 2018, 8:12 pm | BusinessDesk
Dec. 27 (BusinessDesk) - The New Zealand dollar remained in a tight range as investors flocked back into equity markets following Wall Street's recovery, where strong consumer spending buoyed retail stocks. More >>
