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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 150]
Banking review says 'significant' process weaknesses
Monday, 5 November 2018, 5:06 pm | BusinessDesk
Nov. 5 (BusinessDesk) - New Zealand's banks need to "markedly" improve the way they manage risks of misconduct and poor culture, the Financial Markets Authority and the Reserve Bank say. More >>
CORRECT: Trustpower warns of 2019 dry-year risk
Monday, 5 November 2018, 4:57 pm | BusinessDesk
Nov. 5 (BusinessDesk) - Trustpower says a dry year in 2019 is a “real possibility” and warns that some retailers may not be prepared for it. More >>
NZ commodity prices continue to fall in October
Monday, 5 November 2018, 4:56 pm | BusinessDesk
Nov. 5 (BusinessDesk) - New Zealand commodity prices fell for a fifth month in October, the ANZ's monthly commodity price index shows. More >>
State-owned Pāmu invests in $32M specialty milk dryer
Monday, 5 November 2018, 3:03 pm | BusinessDesk
Nov. 5 (BusinessDesk) - State-owned farmer Pāmu is taking a 35 percent stake in a $32 million specialist spray drying facility to develop sheep milk and other specialty powders for the Chinese market. More >>
Orion Health lifts guidance on buyback range
Monday, 5 November 2018, 2:30 pm | BusinessDesk
Nov. 5 (BusinessDesk) - Orion Health Group has raised the minimum price it expects for its coming share buyback by about 3 percent. More >>
New $400M-plus bond offers from Chorus and Fonterra
Monday, 5 November 2018, 1:24 pm | BusinessDesk
Nov. 5 (BusinessDesk) - New institutional and retail bond offerings totalling $400 million-plus have been signalled from telecommunications network operator Chorus and Fonterra. More >>
Trustpower warns of 2019 dry-year risk
Monday, 5 November 2018, 1:22 pm | BusinessDesk
Nov. 5 (BusinessDesk) - Trustpower says a dry year in 2019 is a “real possibility” and warns that some retailers may not be prepared for it. More >>
Z Energy clarifies dividend guidance to calm investors
Monday, 5 November 2018, 12:32 pm | BusinessDesk
Nov. 5 (BusinessDesk) - Z Energy has sought to clarify expectations for its second-half dividend after the firm’s shares plunged to a three-year low last week. More >>
NZ dollar eases on strong US jobs growth; focus on RBNZ
Monday, 5 November 2018, 11:19 am | BusinessDesk
Nov. 5 (BusinessDesk) - The New Zealand dollar eased against the greenback after strong US jobs and wages growth reinforced expectations the Federal Reserve will raise rates in December. More >>
MARKET CLOSE: NZ stocks mixed; Z Energy extends decline
Friday, 2 November 2018, 8:47 pm | BusinessDesk
Nov. 2 (BusinessDesk) - New Zealand shares were mixed as the prospect of a slowing domestic economy came head-to-head with improved global sentiment. More >>
NZD headed for 2.2% weekly gain as risk appetite improves
Friday, 2 November 2018, 8:15 pm | BusinessDesk
Nov. 2 (BusinessDesk) - The New Zealand dollar is headed for a 2.2 percent weekly gain as markets were cheered by signs the US and China may be able to resolve their trade dispute. More >>
Briscoe COO Burilin departing after 20 years
Friday, 2 November 2018, 5:29 pm | BusinessDesk
Nov. 2 (BusinessDesk) - Briscoe Group chief operating officer Pete Burilin is to leave the business after 20 years. More >>
Fulton Hogan absorbs Stevenson assets, expects tougher times
Friday, 2 November 2018, 4:56 pm | BusinessDesk
Nov. 2 (BusinessDesk) - Fulton Hogan committed close to $300 million for its strategic purchase of Stevenson Group’s construction and quarrying activities. More >>
South Island drilling necessary part of emissions reduction
Friday, 2 November 2018, 3:53 pm | BusinessDesk
Nov. 2 (BusinessDesk) - New Zealand Oil & Gas says the country needs to advance drilling off the South Island’s east coast to help reduce global emissions. More >>
Fonterra should right to refuse milk from ‘dirty dairies'
Friday, 2 November 2018, 3:10 pm | BusinessDesk
Nov. 2 (BusinessDesk) - Fonterra looks likely to win the right to refuse to take milk from dairy farmers who fail to meet environmental, animal welfare and other standards important to the cooperative’s reputation under proposals released today. More >>
Consumer confidence dips in October on growing jitters
Friday, 2 November 2018, 2:04 pm | BusinessDesk
The ANZ Roy Morgan consumer confidence index fell to 115.4 in October from 117.6 in September. People's optimism about their present situation lifted slightly to 122.0 from 120.2 but the future conditions index fell to 111.0 from 115.9, the lowest ... More >>
Paymark sale to Ingenico cleared by ComCom
Friday, 2 November 2018, 12:21 pm | BusinessDesk
Ingenico’s $190 million purchase of payments systems provider Paymark has been cleared by the Commerce Commission. More >>
NZ dollar jumps after Trump signals progress on China trade
Friday, 2 November 2018, 11:28 am | BusinessDesk
Nov. 2 (BusinessDesk) - The New Zealand dollar was sharply higher against the US dollar after President Donald Trump signaled progress on its trade dispute with China. More >>
BNZ defends big profit increase on eve of FMA conduct report
Friday, 2 November 2018, 9:15 am | BusinessDesk
Nov. 2 (BusinessDesk) - As the banking industry holds its breath for the verdict on bank conduct and culture next Monday from the Reserve Bank and Financial Markets Authority, BNZ is defending its almost double-digit profit boost announced yesterday. More >>
MARKET CLOSE: NZ stocks rise, Z Energy plunges
Thursday, 1 November 2018, 9:26 pm | BusinessDesk
Nov. 1 (BusinessDesk) - New Zealand shares rose for a fourth day in five as improving sentiment in global markets encouraged investors back into some favoured sectors. More >>
