Scoop has an Ethical Paywall
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 142]
Serko caught in global tech stock woes
Wednesday, 21 November 2018, 7:17 pm | BusinessDesk
Nov. 21 (BusinessDesk) - Serko shares dropped to a two-month low yesterday as the global tech sell-off overshadowed earnings in line with the firm's expectations. More >>
British private equity firm signals takeover of Trade Me
Wednesday, 21 November 2018, 2:02 pm | BusinessDesk
Nov. 21 (BusinessDesk) - Trade Me Group says British private equity firm Apax Partners has approached it with a non-binding indicative offer to take it over for $6.40 per share. More >>
NZME shares drop as earnings fall, dividend cut
Wednesday, 21 November 2018, 1:41 pm | BusinessDesk
NZME shares dropped near a two-year low after the company forecast a 21 percent decline in full-year operating earnings and said it probably won't pay a final dividend. More >>
British equity firm signals $2.54b takeover of TradeMe
Wednesday, 21 November 2018, 1:27 pm | BusinessDesk
Trade Me Group says British private equity firm Apax Partners has approached it with a non-binding indicative offer to take it over for $6.40 per share. More >>
Policy needed to boost wood fuel use
Wednesday, 21 November 2018, 12:30 pm | BusinessDesk
Nov. 21 (BusinessDesk) - Wood fuel could dramatically reduce New Zealand’s industrial emissions within five years, but not without a policy framework that actively encourages it, Azwood Energy general manager Brook Brewerton says. More >>
NZ dollar falls as fears over global growth push equities
Wednesday, 21 November 2018, 11:40 am | BusinessDesk
Nov. 21 (BusinessDesk) - The New Zealand dollar fell with other risk-sensitive assets as lingering US-China trade tensions keep investors nervous about the pace of global growth. More >>
Dairy product prices drop as butter and milk fat slump
Wednesday, 21 November 2018, 10:44 am | BusinessDesk
Nov. 21 (BusinessDesk) - Dairy product prices fell at the Global Dairy Trade auction, spurred by slides in butter and anhydrous milk fat that were the biggest in about two years. More >>
MARKET CLOSE: NZ shares fall as Fletcher slumps to 9-yr low
Tuesday, 20 November 2018, 9:22 pm | BusinessDesk
MARKET CLOSE: NZ shares fall as Fletcher slumps to 9-yr low on profit warning More >>
NZ dollar gains against Aussie
Tuesday, 20 November 2018, 8:22 pm | BusinessDesk
NZ dollar gains against Aussie after RBA minutes show no case for cash rate change More >>
Fletcher boss shrugs off criticism as shares tank
Tuesday, 20 November 2018, 7:19 pm | BusinessDesk
Nov. 20 (BusinessDesk) - The reaction of Fletcher Building’s shareholders was emphatic to the dismal news that core first-half profit operating earnings will be about 10 percent lower than in the previous first half. More >>
Refining NZ plans $75M note offer
Tuesday, 20 November 2018, 7:18 pm | BusinessDesk
Nov. 20 (BusinessDesk) - Refining NZ plans to raise up to $75 million through a 15-year note offer to reduce its bank debt and extend the maturity of its borrowings. More >>
A2 Milk CEO not worried by action by US producer group
Tuesday, 20 November 2018, 5:25 pm | BusinessDesk
Nov. 20 (BusinessDesk) - A2 Milk Co chief executive Jayne Hrdlicka is not concerned about a bid by the US National Milk Producers Federation to haul it over the coals for allegedly making false advertising claims there. More >>
Water regulation and funding reform on mid-2019 deadline
Tuesday, 20 November 2018, 5:19 pm | BusinessDesk
Nov. 20 (BusinessDesk) - Proposals for major reforms to the funding of the so-called 'three waters' - drinking, waste, and stormwater - are on a timetable to go to Cabinet for discussion in June next year, with final decisions by the end of 2019, Local ... More >>
Trustpower to offer Spark's mobile, wireless broadband
Tuesday, 20 November 2018, 3:40 pm | BusinessDesk
Nov. 20 (BusinessDesk) - Trustpower is to offer mobile phone services and wireless broadband through a wholesaling deal with Spark New Zealand. More >>
Serko first-half profit drops 16%
Tuesday, 20 November 2018, 2:05 pm | BusinessDesk
Nov. 20 (BusinessDesk) - Serko's first-half profit fell 16 percent as the travel booking software developer ramped up spending on research and development and a launch into new Northern Hemisphere markets. More >>
UPDATE: Fletcher Building shares drop
Tuesday, 20 November 2018, 1:28 pm | BusinessDesk
Fletcher Building shares fell 7 percent after the company said it expects first-half operating profit before “significant items” and losses on high-rise projects will come in about 10 percent lower than a year earlier. More >>
Steel & Tube, ComCom appeal record mesh fine
Tuesday, 20 November 2018, 1:17 pm | BusinessDesk
The Commerce Commission is appealing the record $1.89 million fine imposed against Steel & Tube Holdings for misrepresenting steel mesh products it sold. More >>
A2 Milk says growth continued in first 4 months of FY19
Tuesday, 20 November 2018, 1:15 pm | BusinessDesk
A2 Milk Co said strong growth continued in the past four months and it remains sanguine on regulatory changes in China. More >>
Argosy expects to find more damage at NZ Post House
Tuesday, 20 November 2018, 1:14 pm | BusinessDesk
Argosy Property believes New Zealand Post House in downtown Wellington suffered more damage than initially thought in the 2016 earthquake, but wants it upgraded quickly to meet tight demand in the capital city. More >>
A2 Milk says growth continued in first 4 months of FY19
Tuesday, 20 November 2018, 1:01 pm | BusinessDesk
Nov. 20 (BusinessDesk) - A2 Milk Co said strong growth continued in the past four months and it remains sanguine on regulatory changes in China. More >>
