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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 141]
New Spark unit to test 'transformative' technologies
Thursday, 22 November 2018, 8:58 pm | BusinessDesk
Nov. 22 (BusinessDesk) - Spark New Zealand is setting up a new business to pursue long-term opportunities from new technologies. More >>
NZ dollar range-bound as global slowdown risk weighs
Thursday, 22 November 2018, 8:17 pm | BusinessDesk
Nov. 22 (BusinessDesk) - The New Zealand dollar stuck to a tight range as markets continue to fret about a possible global economic slowdown. More >>
Further delay in DoC mining ban consultation
Thursday, 22 November 2018, 8:16 pm | BusinessDesk
Nov. 22 (BusinessDesk) - Consultation on the role of mining in parts of the conservation estate may not get underway until next year. More >>
A2 Milk shares +4.4% after China says current rules ok
Thursday, 22 November 2018, 8:14 pm | BusinessDesk
A2 Milk shares +4.4% after China says current e-commerce import rules to continue More >>
Lawyers furious after u-turn on law society building sale
Thursday, 22 November 2018, 7:11 pm | BusinessDesk
Nov. 22 (BusinessDesk) - Members of the Auckland District Law Society are angry the organisation has accepted an offer for the sale of its historic Chancery Chambers building, just three months after they voted against any such sale. More >>
Test network backs role for Huawei in non-core 5G services
Thursday, 22 November 2018, 7:10 pm | BusinessDesk
Nov. 22 (BusinessDesk) - China's Huawei is demonstrating its willingness to stay away from the central elements of New Zealand's soon-to-arrive 5G mobile network. More >>
Underwriting: what exactly is the point?
Thursday, 22 November 2018, 3:59 pm | BusinessDesk
Nov. 22 (BusinessDesk) - Observers of recent rights issues may wonder why such heavily discounted share sales need to be underwritten. More >>
Morningstar gives Trade Me takeover 50/50 odds
Thursday, 22 November 2018, 3:11 pm | BusinessDesk
Nov. 22 (BusinessDesk) - Morningstar Research gives British private equity firm Apax Partners' $2.54 billion takeover tilt at Trade Me a 50/50 chance of success. More >>
UPDATE: Power prices jump, HVDC work delayed
Thursday, 22 November 2018, 3:01 pm | BusinessDesk
Nov. 22 (BusinessDesk) - Power prices soared and national grid operator Transpower brought some of inter-island high-voltage link back into service this morning after cold, still weather left North Island generation supplies tight. More >>
Annual net migration falls to its lowest level in 3 years
Thursday, 22 November 2018, 2:32 pm | BusinessDesk
Nov. 22 (BusinessDesk) - Annual net migration continues to ease off record highs, falling to its lowest level in three years in the year ended October. More >>
Power prices jump, HVDC work delayed amid tight supplies
Thursday, 22 November 2018, 2:29 pm | BusinessDesk
Nov. 22 (BusinessDesk) - Power prices soared and national grid operator Transpower brought some of inter-island high-voltage link back into service this morning after cold, still weather left North Island generation supplies tight. More >>
AFT narrows 1H loss as profit margin rises
Thursday, 22 November 2018, 1:24 pm | BusinessDesk
Nov. 22 (BusinessDesk) - AFT Pharmaceuticals narrowed its losses in the latest first half year and says it’s on track to return to profitability More >>
Stride 1H profit climbs 21% as property values rise
Thursday, 22 November 2018, 1:07 pm | BusinessDesk
Nov. 22 (BusinessDesk) - Stride Property boosted first-half profit 21 percent, with the rising value of its 26 properties offsetting a dip in rental income and management fees. More >>
Energy Mad choice: 3% of PaySauce or 100% of nothing
Thursday, 22 November 2018, 12:20 pm | BusinessDesk
Nov. 21 (BusinessDesk) - Energy Mad says it’s calling a special meeting for Dec. 6 to vote on the company’s future, including a reverse takeover by PaySauce valuing it at $10 million. More >>
NZ dollar gains as Fed rumoured to slow pace of rate hikes
Thursday, 22 November 2018, 11:54 am | BusinessDesk
Nov. 22 (BusinessDesk) - The New Zealand dollar gained after a report that the Federal Reserve might stop hiking interest rates as early as March weighed on the greenback. More >>
Energy Mad choice: 3% of PaySauce or 100% of nothing
Wednesday, 21 November 2018, 9:11 pm | BusinessDesk
Nov. 21 (BusinessDesk) - Energy Mad says it’s calling a special meeting for Dec. 6 to vote on the company’s future, including a reverse takeover by PaySauce valuing it at $10 million. More >>
MARKET CLOSE: NZ shares fall as Fletcher sinks deeper
Wednesday, 21 November 2018, 8:49 pm | BusinessDesk
MARKET CLOSE: NZ shares fall as Fletcher sinks deeper; Trade Me soars on takeover bid More >>
NZ dollar hovers near 68 US cents as trade tensions persist
Wednesday, 21 November 2018, 8:48 pm | BusinessDesk
Nov. 21 (BusinessDesk) - The New Zealand dollar hovered just below 68 US cents as ongoing trade tensions sour risk appetite. More >>
Foley eyes $7.4 mln investment to develop Mt Difficulty
Wednesday, 21 November 2018, 8:47 pm | BusinessDesk
Nov. 21 (BusinessDesk) - Foley Family Wines says it expects to invest about $7.4 million for development during the next three years as part of its planned purchase of Mt Difficulty Wines. More >>
Tax Working Group is unlikely to agree on capital gains tax
Wednesday, 21 November 2018, 8:46 pm | BusinessDesk
Nov. 21 (BusinessDesk) - The 11-member Tax Working Group is unlikely to be able to meet its key task of designing a capital gains tax because the group can’t agree on it, says former Inland Revenue deputy commissioner Robin Oliver. More >>
