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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 131]
Call for law society resignations after members veto sale
Tuesday, 11 December 2018, 1:36 pm | BusinessDesk
Disgruntled Auckland District Law Society members want heads to roll at the top of the organisation after they defeated a divisive plan to sell the society's heritage building. More >>
Finaccess bid for Restaurant Brands control gets thumbs up
Tuesday, 11 December 2018, 12:49 pm | BusinessDesk
Dec. 11 (BusinessDesk) - Finaccess Capital's $881.5 million bid for three-quarters of Restaurant Brands New Zealand has the backing of the Kiwi firm's board, with the per-share price topping the independent adviser's assessment. More >>
NZ dollar climbs to 15-month high vs pound
Tuesday, 11 December 2018, 11:38 am | BusinessDesk
Dec. 11 (BusinessDesk) - The New Zealand dollar climbed to a 15-month high against the British pound after a delayed Brexit vote reignited fears the UK won't agree to terms on leaving the European Union, adding to uncertainty in the global economy. More >>
MARKET CLOSE: NZ shares fall to 5-week low
Monday, 10 December 2018, 8:46 pm | BusinessDesk
MARKET CLOSE: NZ shares fall to 5-week low as trade tensions spook investors; A2 drops More >>
NZ dollar benefiting from weaker greenback
Monday, 10 December 2018, 8:45 pm | BusinessDesk
Dec. 10 (BusinessDesk) - The New Zealand dollar was higher as the greenback continues to bear the brunt of rising risk aversion amid concern about global growth. More >>
PM mum on Kiwibuild head Stephen Barclay's status
Monday, 10 December 2018, 8:44 pm | BusinessDesk
Dec. 10 (BusinessDesk) - Prime Minister Jacinda Ardern is staying tightlipped on Kiwbuild head Stephen Barclay's uncertain role spearheading the government's flagship house-building policy. More >>
Mataura Valley begins infant formula trials
Monday, 10 December 2018, 8:43 pm | BusinessDesk
Dec. 10 (BusinessDesk) - Mataura Valley Milk started its first nutritional product trials last week and is on target to begin commercial production at the end of January. More >>
CEO pay and non-GAAP reporting are linked
Monday, 10 December 2018, 8:41 pm | BusinessDesk
Dec. 10 (BusinessDesk) - The more highly paid the chief executives of publicly listed companies, the more likely they are to use figures that don’t conform to generally accepted accounting principles, according to a University of Otago study. More >>
ACC levy cuts worth $50M a year to business, says Ardern
Monday, 10 December 2018, 8:40 pm | BusinessDesk
Dec. 10 (BusinessDesk) - Cuts to the Accident Compensation Corp's risk-related work levies will save New Zealand businesses about $50 million a year, while other levies will either not change or, in the case of risk-rated vehicle levies, will be discontinued. More >>
Unfair business practices on borrowed time
Monday, 10 December 2018, 8:39 pm | BusinessDesk
Dec. 10 (BusinessDesk) - Business owners who use unfair trading and contract terms in their dealings look likely to face a stiffer range of rules and penalties following a government review of unfair commercial practices. More >>
CORRECT: New director of Vital Healthcare’s manager
Monday, 10 December 2018, 8:37 pm | BusinessDesk
Dec. 10 (BusinessDesk) - Graham Stuart says he isn’t worried that Vital Healthcare Property Trust’s manager can fire him at will after a current review of the manager’s fees has been completed. More >>
UPDATE: Take care to avoid "unnecessary" cost
Monday, 10 December 2018, 8:31 pm | BusinessDesk
Dec. 10 (BusinessDesk) - Relying on electrification of heavy industry and transport to meet the country’s emission-reduction goals would risk “unnecessary” cost and may close out hydrogen export options longer term, Vivid Economics says. More >>
New director of Vital Healthcare’s manager unfazed
Monday, 10 December 2018, 8:30 pm | BusinessDesk
Dec. 10 (BusinessDesk) - Graham Stuart says he isn’t worried that Vital Healthcare Property Trust’s manager can fire him at will after a current review of the manager’s fees has been completed. More >>
QMS pulls out A$35M from NZ unit in MediaWorks merger
Monday, 10 December 2018, 5:19 pm | BusinessDesk
Dec. 10 (BusinessDesk) - QMS Media will pocket A$35 million in a tie-up with free-to-air New Zealand broadcaster MediaWorks, despite the Australian outdoor advertising firm being the junior partner. More >>
Take care to avoid unnecessary cost in electrifying economy
Monday, 10 December 2018, 3:09 pm | BusinessDesk
Dec. 10 (BusinessDesk) - Relying on electrification of heavy industry and transport to meet the country’s emission-reduction goals would risk “unnecessary” cost and may close out hydrogen export options longer term, Vivid Economics says. More >>
Is this the calm before a storm of credit card thrashing?
Monday, 10 December 2018, 2:47 pm | BusinessDesk
Dec. 10 (BusinessDesk) - Retail spending using electronic cards was only 1.2 percent higher nationwide in the first seven days of December than in the same week last year, according to Paymark, which processes more than 75 percent of New Zealand card ... More >>
Shrinking meat and dairy product manufacturing
Monday, 10 December 2018, 2:46 pm | BusinessDesk
Dec. 10 (BusinessDesk) - New Zealand manufacturing sales fell for a second straight quarter on shrinking volumes of meat and dairy products, tempering expectations for next week's reading of the wider economy. More >>
Jon Macdonald to stay on as Trade Me boss
Monday, 10 December 2018, 2:44 pm | BusinessDesk
Dec. 10 (BusinessDesk) - Trade Me chief executive Jon Macdonald will stay on at the online marketplace as it weighs up two multi-billion-dollar takeover offers from overseas private equity firms. More >>
Shareholders’ Association wants Finzsoft to come clean
Monday, 10 December 2018, 1:10 pm | BusinessDesk
The New Zealand Shareholders’ Association is hoping that financial institution software provider Finzsoft will come clean at the annual shareholders’ meeting about squabbles both at board level and between the owners of its largest shareholder. More >>
A2 rings in more executive changes under new CEO Hrdlicka
Monday, 10 December 2018, 12:42 pm | BusinessDesk
Dec. 10 (BusinessDesk) - A2 Milk Co chief executive Jayne Hrdlicka's executive team is going through more changes as two senior managers depart - one for early retirement and one to pursue another opportunity. More >>
