BusinessDesk

Independent, Trustworthy New Zealand Business News

The Wellington-based BusinessDesk team provides a daily news feed for a serious business audience.

Contact BusinessDesk

Email - editor@businessdesk.co.nz

BusinessDesk - Latest News [Page 129]

MBIE officials grilled on terms of Westland Milk loan

Thursday, 13 December 2018, 8:03 pm | BusinessDesk

Dec. 13 (BusinessDesk) - Not knowing how much interest Westland Milk is paying on its $9.9 million loan from the government’s Provincial Development Fund leaves parliamentarians no means of assessing how much of a subsidy the dairy company is ... More >>

Trade Me suitor Hellman & Friedman drops out

Thursday, 13 December 2018, 6:52 pm | BusinessDesk

Dec. 13 (BusinessDesk) - Trade Me suitor Hellman & Friedman has dropped out of the race to buy New Zealand's dominant online marketplace. More >>

Hydrogen not a short-term option for Huntly - Genesis

Thursday, 13 December 2018, 6:50 pm | BusinessDesk

Dec. 13 (BusinessDesk) - Hydrogen may be the ideal fuel to provide dry-winter power supplies but it may not be economic before 2030, MPs heard today. More >>

Kiwibank: dwindling need for physical branches

Thursday, 13 December 2018, 4:48 pm | BusinessDesk

Dec. 13 (BusinessDesk) - Kiwibank says the number of customers using its branches has halved since 2015 and that fewer than 5 percent of customers use a branch as their only means of interacting with it, the bank’s chief customer officer Mark ... More >>

Buying off the plans driving down KiwiBuild cost to govt

Thursday, 13 December 2018, 4:23 pm | BusinessDesk

Dec. 13 (BusinessDesk) - Government capital spending on the KiwiBuild programme will be lower than anticipated as more of the affordable homes are expected to be provided through buying and selling privately developed houses. More >>

Treasury forecasting annual wage growth above 3%

Thursday, 13 December 2018, 4:21 pm | BusinessDesk

Dec. 13 (BusinessDesk) - The New Zealand economy is forecast to deliver annual average wage growth of more than 3 percent a year during the next five years, although economic growth rates are seen falling gradually over that time. More >>

Fiscal policy to slow growth over next five years

Thursday, 13 December 2018, 4:19 pm | BusinessDesk

Dec. 13 (BusinessDesk) - The Labour-led coalition government will run a tight fiscal policy, keeping a lid on economic growth over the next five years, the Treasury's half year fiscal and economic update says. More >>

Robertson unveils first ‘wellbeing outlook’ ahead Budget

Thursday, 13 December 2018, 4:17 pm | BusinessDesk

Dec. 13 (BusinessDesk) - Finance Minister Grant Robertson used today’s Budget Policy Statement to give a first taste of how the Labour-led government will report on quality of life as well as traditional fiscal and economic indicators. More >>

NZSA throws its weight behind Vital’s rebel investors

Thursday, 13 December 2018, 4:13 pm | BusinessDesk

Dec. 13 (BusinessDesk) - The New Zealand Shareholders’ Association has thrown its weight behind rebel investors in Vital Healthcare Property Trust, saying the manager is treating investors “with contempt.” More >>

Food prices ease in November: buy your strawberries now

Thursday, 13 December 2018, 2:27 pm | BusinessDesk

Dec. 13 (BusinessDesk) - New Zealand food prices fell in November, driven by a seasonal fall in fruit and vegetables. The biggest fall was strawberries, with prices tumbling 33 percent on the month and 5 percent compared to this time last year. More >>

Transport strikes averted

Thursday, 13 December 2018, 1:22 pm | BusinessDesk

Dec. 13 (BusinessDesk) - Separate strikes threatening to disrupt travel plans in the run-up to Christmas have been averted as mediated negotiations came up with offers strong enough to take to union members. More >>

Restaurant Brands 3rd-qtr sales rise 4.7%

Thursday, 13 December 2018, 12:57 pm | BusinessDesk

Dec. 13 (BusinessDesk) - Restaurant Brands New Zealand, subject to a partial takeover bid by Mexico's Finaccess Capital, said its third-quarter sales rose 4.7 percent as its overseas operations continued to grow. More >>

Meridian chair Moller to stand down next year

Thursday, 13 December 2018, 12:53 pm | BusinessDesk

Dec. 13 (BusinessDesk) - Meridian Energy chair Chris Moller will retire from the board of the country's biggest electricity generator next year and be replaced by its newest director, Mark Verbiest. More >>

Broadly weaker NZ dollar drops vs pound

Thursday, 13 December 2018, 11:37 am | BusinessDesk

Dec. 13 (BusinessDesk) - A broadly weaker New Zealand dollar fell sharply against the British pound as traders bet UK Prime Minister Theresa May will be able to survive a 'no confidence' vote, shoring up her position in pursuing a Brexit deal. More >>

Auctions, permanent forests, added to ETS

Wednesday, 12 December 2018, 9:14 pm | BusinessDesk

Dec. 12 (BusinessDesk) - The government’s adoption of auctions for the emissions trading scheme will leave in place the $25 fixed-price option for next year. More >>

MARKET CLOSE: NZ shares gain as Trade Me hits record

Wednesday, 12 December 2018, 9:02 pm | BusinessDesk

Dec. 12 (BusinessDesk) - New Zealand shares joined an Asia-wide rally on signs that China-US trade relations may be thawing, while Trade Me hit a record on news the board will back a private equity takeover. More >>

NZ dollar higher against USD as jitters recede

Wednesday, 12 December 2018, 8:28 pm | BusinessDesk

Dec. 12 (BusinessDesk) - The New Zealand dollar rose against US dollar on improving sentiment after US President Donald Trump seemed optimistic he could strike a trade deal with China and Canada released Huawei's chief financial officer Meng Wanzhou ... More >>