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BusinessDesk
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 140]
NZ dollar starts week on backfoot as oil prices slump
Monday, 26 November 2018, 11:47 am | BusinessDesk
Nov. 26 (BusinessDesk) - The New Zealand dollar kicked off the week on the backfoot as a slump in oil prices on Friday weighed on commodity-sensitive currencies. More >>
RBNZ likely to highlight global uncertainty
Monday, 26 November 2018, 11:33 am | BusinessDesk
Nov. 26 (BusinessDesk) - The Reserve Bank will be delivering its latest Financial Stability Report in the middle of a momentous week for the global economy. More >>
MARKET CLOSE: NZ shares mixed as Kathmandu jumps
Friday, 23 November 2018, 8:45 pm | BusinessDesk
Nov. 23 (BusinessDesk) - New Zealand shares were mixed, as strong sales buoyed Kathmandu while slowing property markets were seen weighing on Ryman Healthcare. Fletcher Building bounced back from a 14-year low. More >>
Interference claims unlikely to derail NZ-China relations
Friday, 23 November 2018, 8:19 pm | BusinessDesk
Nov. 23 (BusinessDesk) - Political and economic ties between New Zealand and China will remain close despite concerns about alleged political interference by China, according to the macro research arm of Fitch Ratings. More >>
NZ dollar headed for 1% fall against greenback
Friday, 23 November 2018, 8:17 pm | BusinessDesk
Nov. 23 (BusinessDesk) - The New Zealand dollar is headed for a 1 percent fall against the greenback this week as worries about global growth cast a pall over markets. More >>
KiwiRail gets $40 mln for Coastal Pacific upgrade
Friday, 23 November 2018, 7:32 pm | BusinessDesk
Nov. 23 (BusinessDesk) - KiwiRail has received $40 million of Crown funding to increase patronage on the Coastal Pacific passenger service on the South Island. More >>
CORRECT: Alliance Group more than halves net profit
Friday, 23 November 2018, 6:52 pm | BusinessDesk
Nov. 23 (BusinessDesk) - Red meat cooperative Alliance Group more than halved its net profit as it paid more for livestock and in tax, interest and administration costs. More >>
Alliance Group more than halves net profit
Friday, 23 November 2018, 5:10 pm | BusinessDesk
Nov. 23 (BusinessDesk) - Red meat cooperative Alliance Group more than halved its net profit as it paid more for livestock and in tax, interest and administration costs. More >>
Housing credit squeeze to hit builders, retailers and banks
Friday, 23 November 2018, 4:19 pm | BusinessDesk
Nov. 23 (BusinessDesk) - A squeeze on housing credit in Australia as a result of its royal commission into financial services is likely to continue weighing on a wide swathe of share prices, according to Craigs Investment Partners. More >>
Reserve Bank may loosen mortgage lending curbs
Friday, 23 November 2018, 4:13 pm | BusinessDesk
Nov. 23 (BusinessDesk) - The Reserve Bank may ease mortgage lending restrictions at next week's financial stability review as credit growth declines and house prices stabilise. More >>
Appeal Court finds Hamilton real estate agents fixed prices
Friday, 23 November 2018, 4:12 pm | BusinessDesk
Nov. 23 (BusinessDesk) - The Court of Appeal has overturned an earlier ruling, finding some Hamilton real estate agents colluded with their rivals to fix prices. More >>
Ryman unfazed by Melbourne, Auckland housing downturn
Friday, 23 November 2018, 3:12 pm | BusinessDesk
Nov. 23 (BusinessDesk) - Ryman Healthcare doesn’t expect housing market downturns in Melbourne and possibly Auckland will affect it. More >>
Kathmandu shares jump on strong sales, Oboz performance
Friday, 23 November 2018, 3:05 pm | BusinessDesk
Nov. 23 (BusinessDesk) - Shares in Kathmandu Holdings jumped 13 percent after the outdoor clothing and equipment retailer said a good performance from its recently acquired US footwear business will deliver a “strong” improvement in first-half ... More >>
NorthWest to review its Vital management fees and rights
Friday, 23 November 2018, 2:19 pm | BusinessDesk
Nov. 23 (BusinessDesk) - Vital Healthcare Property Trust’s manager says it won’t exercise rights to remove directors or increase fees above current levels. More >>
Cooperative Bank 1H profit slips 2.4% on lower fees
Friday, 23 November 2018, 2:19 pm | BusinessDesk
Nov. 23 (BusinessDesk) - Cooperative Bank posted a 2.4 percent decline in first-half profit as lower banking fees and increased spending on staff and new technology dented earnings. More >>
Napier Port share sale backed by HB ratepayers
Friday, 23 November 2018, 1:31 pm | BusinessDesk
Nov. 23 (BusinessDesk) - Hawke’s Bay ratepayers submitting on a planned share sale for Napier Port have backed the proposal by a small margin. More >>
Ryman forecasts $223 mln-plus FY earnings
Friday, 23 November 2018, 12:39 pm | BusinessDesk
Nov. 23 (BusinessDesk) - Ryman Healthcare is forecasting at least 9 percent full-year earnings growth as it expands its retirement village operations on both sides of the Tasman. More >>
NZ dollar falls vs Pound
Friday, 23 November 2018, 11:43 am | BusinessDesk
Nov. 23 (BusinessDesk) - The New Zealand dollar fell against the British pound after UK and European Union officials reached a draft agreement on post-Brexit relations. More >>
MARKET CLOSE: NZ shares snap decline
Thursday, 22 November 2018, 9:02 pm | BusinessDesk
Nov. 22 (BusinessDesk) - New Zealand shares snapped a six-day decline as a revival in global investor optimism boosted beat-up growth stocks such as Tourism Holdings, A2 Milk and Pushpay Holdings. Fletcher Building extended its decline. More >>
Insurers kill off overseas junkets that reward salespeople
Thursday, 22 November 2018, 9:00 pm | BusinessDesk
Nov. 22 (BusinessDesk) - New Zealand's largest life insurer, AIA/Sovereign will stop using overseas trips as rewards for salespeople as the industry moves to clean up its reputation for prioritising sales performance over customer service, from ... More >>
