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 145]
Auckland-Hamilton commuter rail service on the cards
Thursday, 15 November 2018, 4:14 pm | BusinessDesk
A daily commuter rail service between Auckland and Hamilton is a step closer following the release of a New Zealand Transport Agency business plan outlining a service that could start in election year. More >>
FMA says incentives boost top bank sales staff earnings
Thursday, 15 November 2018, 4:08 pm | BusinessDesk
The highest amount a bank salesperson received on top of their salary as a result of incentive schemes, mostly linked to sales volumes, was $279,000 in the year ended March. More >>
First Gas plans two-day shut for Maui pipeline repair
Thursday, 15 November 2018, 3:42 pm | BusinessDesk
Nov. 15 (BusinessDesk) - First Gas is planning to shut part of the country’s biggest gas pipeline for two days to fix a damaged section near Whitecliffs, north of New Plymouth. More >>
Govt raids PGF for $40M top-up to rural broadband roll-out
Thursday, 15 November 2018, 3:04 pm | BusinessDesk
Nov. 15 (BusinessDesk) - The government has effectively raided the $3 billion Provincial Growth Fund to top up the budget for the second phase of its rural broadband initiative, filling in mobile 'black spots' and ensuring broadband is available to marae that ... More >>
Mad Butcher sale solves immediate Veritas woes
Thursday, 15 November 2018, 2:40 pm | BusinessDesk
Nov. 15 (BusinessDesk) - Veritas, the listed food and beverage company with the dubious honour of having bought Mad Butcher for $40 million and sold it for $8 million, has a healthier looking balance sheet, but is far from out of the woods yet. More >>
Sanford’s move up the value chain overcomes vicissitudes
Thursday, 15 November 2018, 2:15 pm | BusinessDesk
Nov. 15 (BusinessDesk) - Sanford says annual earnings fell short of its expectations due to “challenging” climatic conditions leading to a decline in harvest volumes. More >>
Rakon 1H earnings jump on one-off gain, improved margins
Thursday, 15 November 2018, 1:46 pm | BusinessDesk
Nov. 15 (BusinessDesk) - High-tech components maker Rakon reported a lift in first-half earnings as revenue increased and its cost of sales remained stable. More >>
KiwiRail gets $40M for new Manawatu freight hub
Thursday, 15 November 2018, 1:39 pm | BusinessDesk
Nov. 15 (BusinessDesk) - KiwiRail is planning to relocate its Palmerston North operations out of the city as part of plans to develop a regional hub to better handle freight flows throughout the lower North Island. More >>
NZ dollar strengthens on draft Brexit deal
Thursday, 15 November 2018, 12:17 pm | BusinessDesk
Nov. 15 (BusinessDesk) - The New Zealand dollar strengthened against its key counterparts after UK Prime Minister Theresa May secured a draft deal on Brexit. More >>
MARKET CLOSE: NZ stocks extend declines in jittery markets
Wednesday, 14 November 2018, 9:18 pm | BusinessDesk
Nov. 14 (BusinessDesk) - New Zealand shares fell as a sharp drop in oil prices and doubts about the prospects for China-US talks weighed on sentiment in Asian markets. More >>
Falling enrolments prompts voluntary redundancy call at Vic
Wednesday, 14 November 2018, 9:01 pm | BusinessDesk
Nov. 14 (BusinessDesk) - Falling enrolments, particularly in some humanities subjects, has prompted Victoria University of Wellington to invite staff who are "ready to leave" to take voluntary redundancy. More >>
Million dollar tax evasion couple sentenced
Wednesday, 14 November 2018, 8:43 pm | BusinessDesk
Nov. 14 (BusinessDesk) - Paying employees under the counter, failing to declare cash sales and reporting substantial losses to avoid both company tax and GST has landed a Hastings couple with prison and home detention sentences for tax evasion ... More >>
NZ dollar gains against Aussie on muted Aust wage growth
Wednesday, 14 November 2018, 8:26 pm | BusinessDesk
Nov. 14 (BusinessDesk) - The New Zealand dollar gained against the Australian dollar after wage growth across the Tasman remained muted in the third quarter. More >>
Contact looking again at wind
Wednesday, 14 November 2018, 7:45 pm | BusinessDesk
Nov. 14 (BusinessDesk) - Contact Energy is looking again at wind generation and may carry out some preliminary investigations during the next two years. More >>
SIFA pans second draft of financial advice code
Wednesday, 14 November 2018, 5:18 pm | BusinessDesk
Nov. 14 (BusinessDesk) - A group representing independent financial advisers says the latest attempt at a code of conduct for the sector is “both lacking in content and platitudinous.” More >>
UPDATE: Mainfreight shares lift
Wednesday, 14 November 2018, 4:14 pm | BusinessDesk
Mainfreight's shares lifted 4.2 percent after its offshore divisions kicked into gear, driving growth in the first half of the year. More >>
Ebos promises productivity improvements and acquisitions
Wednesday, 14 November 2018, 4:07 pm | BusinessDesk
Pharmaceuticals and petfood company Ebos demonstrated how it will improve productivity and hinted at potential acquisitions and other avenues for growth at its latest investor day. More >>
October house sales jumped 15.5% on 2017
Wednesday, 14 November 2018, 1:31 pm | BusinessDesk
House prices rose just 0.5 percent nationwide in October from September, while Auckland prices fell a smidgeon. However volumes of houses sold jumped 15.5 percent from last October to the highest number in five months. More >>
Mainfreight reports strong lift in 1H net profit
Wednesday, 14 November 2018, 12:48 pm | BusinessDesk
Nov. 14 (BusinessDesk) - Mainfreight reported a 32 percent lift in its first-half net profit as its offshore divisions continue to grow. The global transport and logistics company said trading through October and into November has continued to be strong. More >>
Chorus boosts fast fibre connections, plans price cuts
Wednesday, 14 November 2018, 12:46 pm | BusinessDesk
Nov. 14 (BusinessDesk) - Chorus has announced plans to reduce the wholesale price of its premium fibre product in mid-2019 and again in mid-2020. Meanwhile, it has increased the number of ultra-fast broadband connections on its network to 500,000, ... More >>
