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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 125]
Abano posts flat first-half profit
Thursday, 20 December 2018, 4:03 pm | BusinessDesk
Dec. 20 (BusinessDesk) - Abano Healthcare reported a flat first-half profit as dental practice acquisitions helped offset skinnier margins from its New Zealand operations and the sale of its radiology business a year earlier. More >>
NZ November trade deficit narrows
Thursday, 20 December 2018, 3:20 pm | BusinessDesk
Dec. 20 (BusinessDesk) - New Zealand's trade deficit narrowed in November as a stink bug discovery reduced imports, while exports rose sharply. More >>
NZ economic growth softer than expected in Sept quarter
Thursday, 20 December 2018, 2:04 pm | BusinessDesk
Dec. 20 (BusinessDesk) - New Zealand's economy grew less than expected in the September quarter, delivering the lowest quarterly growth rate in five years. More >>
Kiwi buys another $25m property at Sylvia Park
Thursday, 20 December 2018, 12:36 pm | BusinessDesk
Dec. 20 (BusinessDesk) - Kiwi Property Group says it has paid $25 million for an industrial property opposite the Sylvia Park train station. More >>
Serko buys US expense management software maker
Thursday, 20 December 2018, 12:34 pm | BusinessDesk
Dec. 20 (BusinessDesk) - Serko is branching out into complementary businesses with the acquisition of a US business expense management software developer as it accelerates its North American expansion. More >>
NZ dollar drops as Fed pares future rate hike projections
Thursday, 20 December 2018, 11:39 am | BusinessDesk
Dec. 20 (BusinessDesk) - The New Zealand dollar dropped about a quarter of a US cent after the Federal Reserve raised interest rates and signalled a slightly slower pace of increases next year. More >>
MARKET CLOSE: NZ shares gain
Wednesday, 19 December 2018, 8:54 pm | BusinessDesk
MARKET CLOSE: NZ shares gain as upcoming Fed meeting bolsters yield stocks; Sky TV gains More >>
ESW reaches 90% of SLI Systems
Wednesday, 19 December 2018, 8:26 pm | BusinessDesk
Dec. 19 (BusinessDesk) - ESW Holdings says it has secured acceptances for more than 90 percent of SLI Systems and is moving to compulsorily acquire the remainder in its $41.4 million takeover offer. More >>
NZ higher against USD as markets await the US Fed
Wednesday, 19 December 2018, 8:12 pm | BusinessDesk
Dec. 19 (BusinessDesk) - The New Zealand dollar was higher against the US dollar as investors expect the US Federal Reserve to lower the number of rate hikes it is expecting to carry out next year. More >>
Hawke's Bay council advances Napier Port IPO plan
Wednesday, 19 December 2018, 7:33 pm | BusinessDesk
Dec. 19 (BusinessDesk) - Hawke’s Bay Regional Council has agreed to advance plans for the sale of up to 49 percent of Napier Port through a public share offer. More >>
NZ shares fall as investors await Fed rate decision
Wednesday, 19 December 2018, 3:32 pm | BusinessDesk
Dec. 18 (BusinessDesk) - New Zealand shares fell, joining a sell-off across Asia, as investors fret over the future track of US interest rates ahead of this week's Federal Reserve policy review. Heartland Group sank on concerns over stricter banking ... More >>
CORRECT: Heartland says new bank capital rules won't hurt
Wednesday, 19 December 2018, 3:30 pm | BusinessDesk
Dec. 19 (BusinessDesk) - Heartland Group Holdings says the impact of the Reserve Bank’s proposal to raise the amount of capital banks have to hold will have a much smaller impact on it than the market expects. More >>
Government outlines planned hikes in minimum wage
Wednesday, 19 December 2018, 3:20 pm | BusinessDesk
Dec. 19 (BusinessDesk) - Workplace Relations and Safety Minister Iain Lees-Galloway has outlined planned increases to the minimum wage between now and 2021. More >>
Chorus could lift its dividend post-UFB rollout
Wednesday, 19 December 2018, 3:16 pm | BusinessDesk
Dec. 19 (BusinessDesk) - Chorus could step up its annual per-share dividend to about 40 cents, once it has finished rolling out its share of the ultra-fast fibre network, says First NZ Capital analyst Arie Dekker. More >>
T&G Global profit dented by cheaper tomatoes
Wednesday, 19 December 2018, 2:55 pm | BusinessDesk
Dec. 19 (BusinessDesk) - T&G Global says its annual profit will more than halve this year after cheaper tomatoes and a weather-affected grape harvest in Peru dented earnings. More >>
NZ posts widest current account deficit since 2009
Wednesday, 19 December 2018, 2:28 pm | BusinessDesk
Dec. 19 (BusinessDesk) - New Zealand posted its widest annual current account deficit since 2009, as the rising cost of imported fuel helped narrow the nation's the goods and services surplus. More >>
Heartland says new capital rules won't hurt as predicted
Wednesday, 19 December 2018, 1:56 pm | BusinessDesk
Heartland Group Holdings says the impact of the Reserve Bank’s proposal to raise the amount of capital banks have to hold will have a much smaller impact on it than the market expects. More >>
ISS supports Vital Healthcare's rebel investors
Wednesday, 19 December 2018, 1:37 pm | BusinessDesk
A key proxy analysis and recommendations firm widely used by New Zealand institutional investors is recommending that investors in Vital Healthcare Property Trust support resolutions put forward by three rebel institutions. More >>
RBNZ's bank capital proposals are 'radical', says Fitch
Wednesday, 19 December 2018, 12:42 pm | BusinessDesk
Dec. 19 (BusinessDesk) - International credit rating agency Fitch says the Reserve Bank's proposals for increased bank capital adequacy ratios are "radical" and "highly conservative relative to international peers", but the result ... More >>
Cheaper petrol, low mortgage rates bolster confidence
Wednesday, 19 December 2018, 12:27 pm | BusinessDesk
Dec. 19 (BusinessDesk) - Consumer confidence rose from a six-year low in the lead-up to Christmas, as cheaper petrol and low mortgage rates left more in household budgets, the latest Westpac McDermott Miller survey shows. More >>
