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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 147]
Unrepentent Stiassny lashes out at final Vector AGM
Monday, 12 November 2018, 8:23 pm | BusinessDesk
Nov. 12 (BusinessDesk) - Outgoing Vector chairman Michael Stiassny has delivered a no-holds-barred speech at his last AGM with the electricity lines company, including accusing Vector’s majority shareholder of a personal vendetta against him and anyone ... More >>
CBL Insurance placed in liquidation
Monday, 12 November 2018, 7:35 pm | BusinessDesk
Nov. 12 (BusinessDesk) - CBL Insurance, a subsidiary of CBL Corporation, was put into liquidation by the Auckland High Court despite the recommendation of the voluntary administrators. More >>
Electronic card spending inches higher in October
Monday, 12 November 2018, 3:02 pm | BusinessDesk
Nov. 12 (BusinessDesk) - Retail spending on electronic cards inched higher in October as petrol prices rose to record levels, boosting fuel spending. However this was largely offset by a decline in payments on vehicles and apparel. More >>
Seeka plans $50M rights offer to fund expansion
Monday, 12 November 2018, 2:52 pm | BusinessDesk
Nov. 12 (BusinessDesk) - Kiwifruit grower and marketer Seeka plans to raise about $50 million from shareholders to help fund its ongoing expansion. More >>
Vital finds an 'independent' director at last
Monday, 12 November 2018, 2:29 pm | BusinessDesk
Nov. 12 (BusinessDesk) - Vital Healthcare Property Trust has finally found a so-called independent director, Graham Stuart, who was Sealord’s chief executive until 2014 and before that Fonterra’s chief financial officer for seven years. More >>
Vital finds an 'independent' director at last
Monday, 12 November 2018, 1:54 pm | BusinessDesk
Nov. 12 (BusinessDesk) - Vital Healthcare Property Trust has finally found a so-called independent director, Graham Stuart, who was Sealord’s chief executive until 2014 and before that Fonterra’s chief financial officer for seven years. More >>
Auckland convention centre won't be finished by Dec 2019
Monday, 12 November 2018, 1:18 pm | BusinessDesk
Nov. 12 (BusinessDesk) - SkyCity Entertainment Group expects further delays at its “challenging” New Zealand International Convention Centre project in Auckland but still has no date for its opening. More >>
Kiwi holds last week's gains, steady against greenback
Monday, 12 November 2018, 12:01 pm | BusinessDesk
Nov. 12 (BusinessDesk) - The New Zealand dollar held steady against the greenback, maintaining last week’s gains, as investors await data slated for release today including domestic electronic card transactions and ANZ’s monthly gauge of inflation. More >>
MARKET CLOSE: NZ stocks extend gains
Friday, 9 November 2018, 9:00 pm | BusinessDesk
Nov. 9 (BusinessDesk) - New Zealand shares rose as benign comments from the US and local central banks supported a more positive outlook through to the end of the year. More >>
NZ dollar heads for 1.2% weekly gain on strong jobs numbers
Friday, 9 November 2018, 8:16 pm | BusinessDesk
Nov. 9 (BusinessDesk) - The New Zealand dollar is headed for a 1.2 percent weekly lift, underpinned by strong domestic jobs data and a slightly more upbeat central bank, although it pared some gains when the US Federal Reserve reinforced expectations ... More >>
Genesis says no collusion among generators
Friday, 9 November 2018, 7:59 pm | BusinessDesk
Nov. 9 (BusinessDesk) - Genesis Energy says recent stress in the wholesale electricity market does not mean the major generators have colluded against the rest of the sector. More >>
Fonterra: smaller, more focused, more profitable
Friday, 9 November 2018, 7:11 pm | BusinessDesk
Nov. 9 (BusinessDesk) - Fonterra has a rare opportunity to shed assets that aren't performing, write down others to attract investment partners, and become a company more focused on value than volume, says First NZ Capital. More >>
Labelling swamp kauri slab a tabletop doesn't make it one
Friday, 9 November 2018, 4:47 pm | BusinessDesk
Labelling a slab of swamp kauri a tabletop doesn't make it one, Supreme Court rules More >>
Electricity networks told to get on with pricing reform
Friday, 9 November 2018, 3:17 pm | BusinessDesk
Nov. 9 (BusinessDesk) - Electricity lines companies have been told to accelerate changes to their pricing and not wait until the next regulatory period starting in 2020. More >>
Mutualised default fund will protect dairy derivative market
Friday, 9 November 2018, 3:16 pm | BusinessDesk
Nov. 9 (BusinessDesk) - NZX says a new mutualised default fund will better protect its dairy derivatives market and allow for further market growth. More >>
SeaDragon flags 'extremely disappointing' increase in loss
Friday, 9 November 2018, 12:39 pm | BusinessDesk
Nov. 9 (BusinessDesk) - Perpetual under-performer SeaDragon is warning its full-year operating loss could be more than double the guidance it gave in June as it struggles to meet new European product certification requirements for refined tuna oil used ... More >>
Warehouse heartened by Q1 sales growth, improved margins
Friday, 9 November 2018, 12:37 pm | BusinessDesk
Nov. 9 (BusinessDesk) - Warehouse Group says it is encouraged by a 3.6 percent increase in first-quarter sales and improved margins at its core Warehouse chain and stationery outlets. More >>
NZ dollar slides as Fed bolsters bets on December hike
Friday, 9 November 2018, 11:52 am | BusinessDesk
Nov. 9 (BusinessDesk) - The kiwi declined as the US Federal Reserve underpinned bets it will raise interest rates next month at a time when the Reserve Bank flagged New Zealand rates are likely to remain steady. More >>
NZ stocks lift on relief rally after US elections
Thursday, 8 November 2018, 8:45 pm | BusinessDesk
Nov. 8 (BusinessDesk) - New Zealand shares rose as markets were relieved U midterm elections did not throw up any major political surprises. SkyCity Entertainment gained on the sale of its Darwin casino. More >>
NZ dollar holds its gains; focus shifts to Fed
Thursday, 8 November 2018, 8:17 pm | BusinessDesk
NZ dollar holds its gains; focus shifts to Fed after RBNZ keeps rates on hold More >>
