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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 152]
Aotea Finance fined for lending on prohibited items
Wednesday, 31 October 2018, 4:16 pm | BusinessDesk
Oct. 31 (BusinessDesk) - A unit of payday lender Aotea Finance has been fined almost $49,000 and ordered to pay damages of $4,500 for using prohibited items such as beds and fridges as security for its loans. More >>
IkeGPS first half revenue rises 26%
Wednesday, 31 October 2018, 3:52 pm | BusinessDesk
Oct. 31 (BusinessDesk) - Utilities measurement specialist IkeGPS said first-half revenue rose 26 percent, buoyed by good North American demand for its new Ike Analyse product. More >>
Westland Milk lowers forecast payout on falling dairy prices
Wednesday, 31 October 2018, 3:11 pm | BusinessDesk
Oct. 31 (BusinessDesk) - Westland Milk Products lowered its forecast payout for the current season by as much as 6.6 percent due to the decline in global dairy prices and butter in particular. More >>
Auckland Airport affirms earnings guidance
Wednesday, 31 October 2018, 3:10 pm | BusinessDesk
Oct. 31 (BusinessDesk) - Auckland International Airport affirmed earnings guidance for a year where the key focus is infrastructure upgrades. More >>
Methven says 1Q sales, earnings up
Wednesday, 31 October 2018, 2:43 pm | BusinessDesk
Oct. 31 (BusinessDesk) - Shower and tapware designer Methven says the new financial year has started well with a 6 percent lift in September quarter revenue and net profit growth for the period of $560,000. More >>
Building consents lift 5.4% in 12 months to September
Wednesday, 31 October 2018, 2:26 pm | BusinessDesk
Oct. 31 (BusinessDesk) - The number of new homes consented in the 12 months to September lifted 5.4 percent as the number of new townhouses, flats, and units consented stormed higher. More >>
ANZ New Zealand to keep UDC; annual earnings rise 3%
Wednesday, 31 October 2018, 2:00 pm | BusinessDesk
Oct. 31 (BusinessDesk) - ANZ New Zealand has canned plans to sell its UDC Finance arm and will instead seek to grow the country's biggest finance company. More >>
Govt operating deficit wider than expected
Wednesday, 31 October 2018, 1:36 pm | BusinessDesk
Oct. 31 (BusinessDesk) - The government's operating deficit for the September quarter was wider than forecast, but Treasury said it expects this to reverse in coming months as the tax take ticks up. More >>
Māori food and wine exporters get onto the blockchain
Wednesday, 31 October 2018, 1:30 pm | BusinessDesk
Oct. 31 (BusinessDesk) - What links Chinese e-commerce giant Alibaba, 11 Māori wine and food businesses, three NZ government organisations and digital transaction system blockchain? More >>
Pact ratified in time for double round of tariff cuts
Wednesday, 31 October 2018, 12:44 pm | BusinessDesk
Oct. 31 (BusinessDesk) - The Comprehensive and Progressive Trans-Pacific Partnership trade and investment pact will come into effect next month after Australia's ratification pushed the deal across the minimum acceptance threshold. More >>
Tilt commits to Dundonnell development, lifts earnings
Wednesday, 31 October 2018, 12:42 pm | BusinessDesk
Oct. 31 (BusinessDesk) - Tilt Renewables is pressing ahead with its A$560 million Dundonnell project after securing another offtake agreement for the wind farm in Victoria. More >>
NZ dollar gains vs euro as European growth slows
Wednesday, 31 October 2018, 11:32 am | BusinessDesk
Oct. 31 (BusinessDesk) - The New Zealand dollar reached a two-month high against the euro as Europe's economy grew at its slowest pace since 2014. More >>
MARKET CLOSE: NZ shares rally on Trump's optimism
Tuesday, 30 October 2018, 9:02 pm | BusinessDesk
Oct. 30 (BusinessDesk) - New Zealand shares rose for a third day as investors were buoyed by US President Donald Trump's comments that a "great deal" with China may be forthcoming. NZX led gains. More >>
Winter energy payments could power all vulnerable households
Tuesday, 30 October 2018, 8:47 pm | BusinessDesk
Oct. 30 (BusinessDesk) - Better targeting of the government’s winter energy subsidy could meet all the electricity costs of the country’s most vulnerable 100,000 households, Mercury NZ says. More >>
NZ dollar lifted as Trump predicts great deal with China
Tuesday, 30 October 2018, 8:45 pm | BusinessDesk
Oct. 30 (BusinessDesk) - The New Zealand dollar got a lift when markets were cheered after US President Donald Trump told Fox News that he predicts a "great deal" with China on trade. More >>
Milford, Aon Russell still top long-term KiwiSaver schemes
Tuesday, 30 October 2018, 7:49 pm | BusinessDesk
Oct. 30 (BusinessDesk) - Milford Asset Management and the Aon Russell Lifepoints aren't the cheapest or the biggest KiwiSaver providers, but they have generated the best performances over the past decade, Morningstar research shows. More >>
VMob-turned-Plexure optimistic after first profit
Tuesday, 30 October 2018, 7:09 pm | BusinessDesk
Oct. 30 (BusinessDesk) - Formerly shaky mobile engagement software company Plexure Group has reported its first profit, seen its share price jump from a low base, and says there are signs of more positive things to come. More >>
Govt provides KiwiRail $35M to keep electric freight service
Tuesday, 30 October 2018, 7:08 pm | BusinessDesk
Oct. 30 (BusinessDesk) - The government has provided KiwiRail an extra $35 million to restore its fleet of ageing electric locomotives on the North Island’s main trunk line. More >>
S&P Global Ratings revises NZ economic trend to positive
Tuesday, 30 October 2018, 4:30 pm | BusinessDesk
S&P Global Ratings revised its risk trend on New Zealand to positive from stable after housing-related imbalances in the economy moderated. More >>
PGG Wrightson shareholders back sale of seeds unit
Tuesday, 30 October 2018, 4:01 pm | BusinessDesk
Oct. 30 (BusinessDesk) - PGG Wrightson shareholders have overwhelmingly backed a deal to sell its seeds unit for $434 million, which will free up cash for a return to investors. More >>
