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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 149]
Vodafone's new CEO confirms IPO, delays 5G, zaps copper
Wednesday, 7 November 2018, 3:36 pm | BusinessDesk
Nov. 7 (BusinessDesk) - The Vodafone New Zealand stock market float is on, 5G is probably two years away, copper is on the way out, and the company plans a push to get costs out of the business - in part by improving the customer experience and ... More >>
NZX trading activity climbs in October
Wednesday, 7 November 2018, 2:04 pm | BusinessDesk
NZX trading activity rose in October, though the average on-market trade size slid as did the value of debt and equity transactions. More >>
NZ unemployment rate tumbles to decade-low 3.9%
Wednesday, 7 November 2018, 1:58 pm | BusinessDesk
New Zealand’s jobless rate unexpectedly tumbled to its lowest level in a decade in the September quarter as the labour market remains tight. The New Zealand dollar rose. More >>
Nova adds phone, internet to power offering
Wednesday, 7 November 2018, 1:41 pm | BusinessDesk
Nova Energy is the latest power retailer to start offering internet and phone services to complement its existing electricity and gas business. More >>
Goodman Property Trust reports 47% lift in 1H pre-tax profit
Wednesday, 7 November 2018, 12:46 pm | BusinessDesk
Goodman Property Trust reported a 47 percent lift in first-half pre-tax profit as it benefited from fair value gains on investment properties. More >>
NZ dollar firms ahead of labour market data
Wednesday, 7 November 2018, 11:48 am | BusinessDesk
Nov. 7 (BusinessDesk) - The New Zealand dollar strengthened against the US dollar as investors eyed the latest domestic labour market data as well as the US congressional midterm elections. More >>
Dairy product prices slide on outlook for whole milk powder
Wednesday, 7 November 2018, 10:31 am | BusinessDesk
Nov. 7 (BusinessDesk) - Dairy product prices slid at the Global Dairy Trade auction, led by a drop in whole milk powder as the outlook for ample supply weighed on demand. More >>
MARKET CLOSE: NZ stocks tick higher
Tuesday, 6 November 2018, 8:49 pm | BusinessDesk
Nov. 6 (BusinessDesk) - New Zealand shares ticked up, supported by overnight gains on Wall Street and positive trading in Australia. A2 Milk Co and Synlait Milk rose. More >>
NZ dollar eases against Australian dollar
Tuesday, 6 November 2018, 8:16 pm | BusinessDesk
Nov. 6 (BusinessDesk) - The New Zealand dollar eased against the Australian dollar after the Reserve Bank of Australia was slightly more upbeat about the economy More >>
Tui drilling offers Taranaki economy a $110M boost
Tuesday, 6 November 2018, 7:37 pm | BusinessDesk
Nov. 6 (BusinessDesk) - A successful side-track drilling programme proposed at the offshore Tui oil and gas field may boost the Taranaki economy by up to $110 million, a board of inquiry heard today. More >>
Farmers re-elect dissident ex-director Leonie Guiney
Tuesday, 6 November 2018, 7:36 pm | BusinessDesk
Nov. 6 (BusinessDesk) - Fonterra Cooperative Group shareholders have effectively delivered a rebuke to the sitting board by voting to elect outspoken former director Leonie Guiney to the board while failing to support two of three board nominations. More >>
Don Braid takes Shareholders' Association Beacon Award
Tuesday, 6 November 2018, 2:23 pm | BusinessDesk
Nov. 6 (BusinessDesk) - Mainfreight managing director Don Braid has won the New Zealand Shareholders Association’s 2018 Beacon Award for developing what the association says is a unique culture at the Auckland-based transport and logistics company. More >>
Mycoplasma bovis eradication still possible
Tuesday, 6 November 2018, 2:06 pm | BusinessDesk
Nov. 6 (BusinessDesk) - Early results from nationwide bulk milk testing for Mycoplasma bovis suggests eradication remains possible, the Ministry for Primary Industries says. More >>
Contact says earnings ahead of last year, eyes geothermal
Tuesday, 6 November 2018, 1:57 pm | BusinessDesk
Nov. 6 (BusinessDesk) - Contact Energy says its operating earnings during the past four months are ahead of last year. More >>
CBL Corp’s watershed meeting adjourned again: administrators
Tuesday, 6 November 2018, 1:15 pm | BusinessDesk
Nov. 6 (BusinessDesk) - CBL Corp’s voluntary administrators have received High Court approval to further adjourn the watershed meetings, pending resolution of the status of the failed group's insurance unit. More >>
Govt starts process to appoint new Chief Justice
Tuesday, 6 November 2018, 12:59 pm | BusinessDesk
Nov. 6 (BusinessDesk) - The process of replacing Chief Justice, Dame Sian Elias, has begun, with a formal announcement this morning from Prime Minister Jacinda Ardern and Attorney-General David Parker. More >>
NZ dollar inches higher before RBA's statement
Tuesday, 6 November 2018, 11:41 am | BusinessDesk
Nov. 6 (BusinessDesk) - The New Zealand dollar inched higher against the US dollar as investors were reluctant to place fresh bets before the outcome of the US elections as well as central bank decisions in Australia, New Zealand and the US this week. More >>
Govt looks to increase regulators' powers over banks
Monday, 5 November 2018, 9:15 pm | BusinessDesk
Nov. 5 (BusinessDesk) - Legislation to improve regulators' oversight of banks' behaviour and to require more reporting on conduct by the banks themselves looks almost inevitable after comments from Prime Minister Jacinda Ardern and Commerce Minister Kris Faafoi ... More >>
MARKET CLOSE: NZ stocks fall as global investors grow wary
Monday, 5 November 2018, 8:58 pm | BusinessDesk
Nov. 5 (BusinessDesk) - New Zealand shares fell with local earnings insufficient to embolden investors wary about the outlook for the global economy. Z Energy again led the market lower. More >>
NZ dollar struggles to gain traction after banking review
Monday, 5 November 2018, 8:31 pm | BusinessDesk
Nov. 5 (BusinessDesk) - The New Zealand dollar remained under pressure against the US dollar after a review found New Zealand banks need to improve the way they manage risks around misconduct and local data pointed to an ongoing fall in commodity prices. More >>
