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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 15]
Night train solution for Auckland rail freight bottleneck
Monday, 9 September 2019, 10:59 am | BusinessDesk
Sept. 9 (BusinessDesk) - KiwiRail could run "platoons" of freight trains from West Auckland to the south of the city between 9pm and 3am to stave off the estimated $1.5 billion cost of unblocking current under-capacity through the Auckland ... More >>
MARKET CLOSE: NZX50 climbs 4.1% in week; yield demand reigns
Friday, 6 September 2019, 8:52 pm | BusinessDesk
Sept. 6 (BusinessDesk) - The S&P/NZX 50 Index hit a record, rising 4.1 percent this week with high-yielding utilities and property stocks still in hot demand against a backdrop of ultra-low interest rates. More >>
NZ dollar may be set to break out of its bearish trend
Friday, 6 September 2019, 8:35 pm | BusinessDesk
Sept. 6 (BusinessDesk) - The New Zealand dollar is holding its recent gains and may break out of its bearish trend by the market close in New York. More >>
KiwiRail gets $94.8m for Northland upgrade
Friday, 6 September 2019, 3:02 pm | BusinessDesk
Sept. 6 (BusinessDesk) - The government will provide $94.8 million to upgrade the rail link from Auckland to Whangarei. More >>
End of an era as John Hawkins bows out as NZSA's chair
Friday, 6 September 2019, 2:45 pm | BusinessDesk
Sept. 6 (BusinessDesk) - Nobody can doubt that John Hawkins’ nine-year reign as the New Zealand Shareholders’ Association chair transformed a rag-tag ginger group led by its flamboyant founder, Bruce Sheppard, into a highly respected professional ... More >>
ComCom takes UDC to court over fees
Friday, 6 September 2019, 12:55 pm | BusinessDesk
Sept. 6 (BusinessDesk) - The competition regulator is taking ANZ Bank-owned UDC Finance to court for allegedly charging unreasonable default fees. More >>
Ike forecasts record Sept-qtr revenue
Friday, 6 September 2019, 12:50 pm | BusinessDesk
Sept. 6 (BusinessDesk) - Utilities measurement specialist IkeGPS is forecasting record second-quarter revenue of $5 million and says it may break-even in the three months ending September. More >>
Fonterra defers full-year results
Friday, 6 September 2019, 12:05 pm | BusinessDesk
Sept. 6 (BusinessDesk) - Fonterra Cooperative Group will now report its full-year result no later than Sept. 30 as it needs more time to complete its audited financial statements after significant write-downs. More >>
NZ dollar firm as trade tensions ease, US data improves
Friday, 6 September 2019, 11:04 am | BusinessDesk
Sept. 6 (BusinessDesk) - The New Zealand dollar remains firm on global optimism that the US and China might reach a trade deal and after better-than-expected US data overnight. More >>
Trade Me still a growth company: CEO
Friday, 6 September 2019, 10:58 am | BusinessDesk
Sept. 6 (BusinessDesk) - Trade Me is poised for another growth spurt under new chief executive Anders Skoe, who wants to take the online classifieds business and turn it into a real digital marketplace. More >>
NZ shares march higher as low rates keep yield attractive
Friday, 6 September 2019, 8:19 am | BusinessDesk
Sept. 5 (BusinessDesk) - New Zealand shares continued their march into uncharted territory as the low interest rate outlook continues to boost the allure of firms paying reliable dividends, such as property investors and power companies. More >>
MARKET CLOSE: NZ shares march higher
Thursday, 5 September 2019, 9:02 pm | BusinessDesk
Sept. 5 (BusinessDesk) - New Zealand shares continued their march into uncharted territory as the low interest rate outlook continues to boost the allure of firms paying reliable dividends, such as property investors and power companies. More >>
NZ dollar rises on Hong Kong, US-China trade developments
Thursday, 5 September 2019, 8:12 pm | BusinessDesk
Sept. 5 (BusinessDesk) - The New Zealand dollar rose after Hong Kong’s government formally killed the extradition bill that sparked massive protests since June. It received a further fillip when the US and China agreed to resume high-level trade ... More >>
Cyber security losses jump in June qtr - Cert NZ
Thursday, 5 September 2019, 4:18 pm | BusinessDesk
Sept. 5 (BusinessDesk) - Financial losses stemming from cyber security incidents jumped in the June quarter along with the number reported to the New Zealand police. More >>
Stride spins out special-purpose industrial property vehicle
Thursday, 5 September 2019, 3:06 pm | BusinessDesk
Sept. 5 (BusinessDesk) - Stride Property Group is spinning out its industrial properties into a new special-purpose vehicle in a joint venture with a group of international institutional investors. More >>
Volume of building activity falls in June qtr
Thursday, 5 September 2019, 2:45 pm | BusinessDesk
Sept. 5 (BusinessDesk) - The volume of building activity fell more than expected in the June quarter but ongoing demand – in particular for residential housing – is expected to support the sector. More >>
Farmers face $1b bill to meet new freshwater requirements
Thursday, 5 September 2019, 2:39 pm | BusinessDesk
Sept. 5 (BusinessDesk) - Government proposals to radically improve the quality of New Zealand’s freshwater resources look likely to cost farmers at least $1 billion over 10 years. More >>
Big hydro generators offered protection from new regime
Thursday, 5 September 2019, 2:04 pm | BusinessDesk
Sept. 5 (BusinessDesk) - Government efforts to improve freshwater quality have run up against its 100 percent renewable electricity goal, requiring protection for the country’s largest hydro-electricity schemes from key elements of the proposed new ... More >>
Proposed pay for new director is pay before performance
Thursday, 5 September 2019, 1:10 pm | BusinessDesk
Sept. 5 (BusinessDesk) - At the same time as warning shareholders not to hold their breath waiting for a dividend from Rubicon, the New Zealand Shareholders’ Association is signalling it is reserving judgement on its newly appointed director, George Adams. More >>
NZ dollar firms on improved Brexit, Hong Kong outlook
Thursday, 5 September 2019, 11:11 am | BusinessDesk
Sept. 5 (BusinessDesk) - The New Zealand dollar was trading higher as a no-deal Brexit looks less likely and as markets were cheered by better news out of Hong Kong. More >>
