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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 124]
Vista Group signs up part of Europe's largest cinema chain
Friday, 21 December 2018, 3:54 pm | BusinessDesk
Dec. 21 (BusinessDesk) - Cinema software company Vista Group International says it has signed a deal with Odeon Cinemas Group covering its 123 cinemas in Britain and Ireland. More >>
Investigation into unexplained death
Friday, 21 December 2018, 3:52 pm | BusinessDesk
Police are continuing the investigation into the unexplained death of an Auckland man in Weymouth. More >>
Vital's rebels score a moral victory
Friday, 21 December 2018, 3:21 pm | BusinessDesk
Dec. 21 (BusinessDesk) - Vital Healthcare Property Trust’s rebel investors can count themselves the moral victors in their tussle with Vital’s entrenched and lavishly compensated manager, Canada-based NorthWest Properties Management. More >>
Multiple hits to China-NZ relationship
Friday, 21 December 2018, 3:10 pm | BusinessDesk
Dec. 21 (BusinessDesk) - New Zealand's relationship with China is rapidly deteriorating as the country is swept up in what long-time trade and foreign policy adviser Charles Finny describes as a "new Cold War" caused by the Western alliance pushback ... More >>
MBIE quietly reopens Chinese steel subsidy probe
Friday, 21 December 2018, 3:09 pm | BusinessDesk
Dec. 21 (BusinessDesk) - The Ministry of Business Innovation and Employment has officially reopened its investigation into whether China unfairly subsidises its steel exports, three months after the High Court ordered it back to the drawing board. More >>
Ambition, urgency needed in network pricing reform
Friday, 21 December 2018, 2:09 pm | BusinessDesk
Dec. 21 (BusinessDesk) - Electricity lines companies have been told to act with “ambition and urgency” when changing their pricing to cater for new technologies like solar panels, electric vehicles and batteries. More >>
Consumer confidence makes a Christmas comeback
Friday, 21 December 2018, 2:07 pm | BusinessDesk
Dec. 21 (BusinessDesk) - Consumer confidence made a comeback in December, with a growing appetite to spend in the run-up to Christmas. More >>
Goodman, Stride announce a flurry of property transactions
Friday, 21 December 2018, 1:16 pm | BusinessDesk
Dec. 21 (BusinessDesk) - Listed property vehicles Goodman Property Trust and Stride Property Group have announced a flurry of end-of-year transactions of Auckland properties to reposition their portfolios. More >>
China sponsoring cyber efforts to steal IP, GCSB says
Friday, 21 December 2018, 12:41 pm | BusinessDesk
The Government Communications Security Bureau says Chinese authorities have been linked to a global hacking campaign to steal commercial intellectual property that reached into New Zealand. More >>
NZD gains as White House, trade tensions fuel uncertainty
Friday, 21 December 2018, 12:08 pm | BusinessDesk
The New Zealand dollar rose as equity market volatility spiked to its highest level since February amid concerns US policymakers won't avoid a government shutdown, and as global trade tensions remain high amid accusations of cyber attacks. More >>
MARKET CLOSE: NZ shares rise as blue chips rally
Thursday, 20 December 2018, 9:05 pm | BusinessDesk
Dec. 20 (BusinessDesk) - New Zealand shares rose as investors sought out blue-chip stocks, such as Spark New Zealand and SkyCity Entertainment Group, before heading into the holiday period. More >>
Oji Fibre says Port of Tauranga agreement provides growth
Thursday, 20 December 2018, 8:34 pm | BusinessDesk
Dec. 20 (BusinessDesk) - Oji Fibre Solutions has extended its freight agreement with Port of Tauranga for another decade. More >>
OIO cuts deal with Wrightson shareholder Agria
Thursday, 20 December 2018, 8:23 pm | BusinessDesk
Dec. 20 (BusinessDesk) - The Overseas Investment Office has cut a deal with PGG Wrightson cornerstone shareholder Agria over the Singaporean firm's good character, agreeing to let it cede control of the rural services firm and face a court-imposed fine. More >>
NZ dollar sharply weaker after 3Q GDP misses expectations
Thursday, 20 December 2018, 8:21 pm | BusinessDesk
Dec. 20 (BusinessDesk) - The New Zealand dollar was sharply weaker against the US dollar after weaker-than-expected economic growth in the third quarter added to the view that rate cuts may be back on the table. More >>
Vital's manager swings the votes amid investor discontent
Thursday, 20 December 2018, 8:14 pm | BusinessDesk
Dec. 20 (BusinessDesk) - Vital Healthcare Property Trust's manager easily defeated the election of a director proposed by rebel investors and five other resolutions with the weight of the manager's 24 percent holding in Vital cementing its victory, ... More >>
Rakon forecasts improved operating earnings
Thursday, 20 December 2018, 8:13 pm | BusinessDesk
Dec. 20 (BusinessDesk) - High-tech components maker Rakon is forecasting an improvement of up to 16 percent in its full-year operating earnings. More >>
ANZ sees RBNZ cutting interest rates to 1%
Thursday, 20 December 2018, 6:47 pm | BusinessDesk
Dec. 20 (BusinessDesk) - A weaker outlook for medium-term inflation, risks to global growth and liquidity, and proposed capital changes for New Zealand banks could lead the Reserve Bank to cut rates three times between now and 2020, ANZ Bank says. More >>
Taratahi agri training operator in interim liquidation
Thursday, 20 December 2018, 6:45 pm | BusinessDesk
Dec. 20 (BusinessDesk) - The Taratahi Agricultural Training Centre has been placed into interim liquidation at the request of its board of trustees as declining student numbers saw its funding drop faster than it could cut costs. More >>
Govt officials resist extension of tobacco excise increases
Thursday, 20 December 2018, 6:44 pm | BusinessDesk
Dec. 20 (BusinessDesk) - Government officials are resisting calls to continue a planned ramp-up of tobacco excise beyond 2020. More >>
Smiths City shares rise 5.8%, sales growth buoys first half
Thursday, 20 December 2018, 5:35 pm | BusinessDesk
Smiths City shares rose 5.8 percent after the retailer's first-half earnings were buoyed by increased sales, although a tax adjustment kept the bottom line in the red. More >>
