Scoop has an Ethical Paywall
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 154]
Pensioner living costs hit by council rate rises
Friday, 26 October 2018, 3:40 pm | BusinessDesk
Oct. 26 (BusinessDesk) - Superannuitants faced the highest inflation in the September quarter due to a strong lift in local authority rates. More >>
NZOG shares jump on gas indications at Kohatukai-1
Friday, 26 October 2018, 3:39 pm | BusinessDesk
Oct. 26 (BusinessDesk) - New Zealand Oil & Gas shares rose 6.9 percent after it reported gas indications at the Kohatukai-1 onshore exploration well south-east of New Plymouth. More >>
WORLD changes tune, promises not to mislabel its clothing
Friday, 26 October 2018, 2:34 pm | BusinessDesk
Oct. 26 (BusinessDesk) - New Zealand clothing manufacturer and retailer WORLD has avoided prosecution under the Fair Trading Act by agreeing to stop labelling clothing made offshore to appear as if it was made locally. More >>
ACC unhappy with 2018 investment returns
Friday, 26 October 2018, 2:22 pm | BusinessDesk
Oct. 26 (BusinessDesk) - Accident Compensation Corp was disappointed with a 9.9 percent investment return in the June 2018 year, caused in part by its early decision to pare back its exposure to global equity markets. More >>
KiwiRail begins geo-tech studies for Northport spur line
Friday, 26 October 2018, 1:40 pm | BusinessDesk
Oct. 26 (BusinessDesk) - KiwiRail will today begin geotechnical investigations along part of the route of the proposed rail link to Northport. More >>
NZ dollar gains vs euro; ECB unmoved by Italy, Brexit fears
Friday, 26 October 2018, 11:39 am | BusinessDesk
Oct. 26 (BusinessDesk) - The New Zealand dollar gained against the euro as European Central Bank officials were unmoved by mounting fears over growth and stuck to their planned tightening track. More >>
MARKET CLOSE: NZ shares extend slide on global jitters
Thursday, 25 October 2018, 8:45 pm | BusinessDesk
MARKET CLOSE: NZ shares extend slide as global jitters dent growth stocks; Gentrack, Pushpay drop More >>
NZ dollar falls against yen as investors seek havens
Thursday, 25 October 2018, 8:36 pm | BusinessDesk
Oct. 25 (BusinessDesk) - The New Zealand dollar fell against the safe-haven yen as global share markets slid further after a tech-led stock selloff in the US overnight. More >>
Acquisitions boost Scott Tech operating earnings
Thursday, 25 October 2018, 8:08 pm | BusinessDesk
Oct. 25 (BusinessDesk) - Scott Technology reported a 12 percent jump in annual operating earnings after completing acquisitions in the US and Europe earlier this year. More >>
Steel & Tube considered bid for FBU steel assets
Thursday, 25 October 2018, 7:20 pm | BusinessDesk
Oct. 25 (BusinessDesk) - Steel & Tube considered bidding for Fletcher Building's steel and reinforcing businesses earlier this year but concluded such a bid would take too long and could struggle to gain permission from the Commerce Commission, ... More >>
Metlifecare expands Botany project
Thursday, 25 October 2018, 7:18 pm | BusinessDesk
Oct. 25 (BusinessDesk) - Metlifecare has acquired additional land from Pakuranga Golf Club and will expand its adjacent Botany development by 74 units. More >>
Transpower cites skills shortages in reduced capex plan
Thursday, 25 October 2018, 4:05 pm | BusinessDesk
Oct. 25 (BusinessDesk) - Transpower says it may reduce its future capital spending due to an anticipated shortage of key technical workers. More >>
South Port to maintain dividend in face of weaker earnings
Thursday, 25 October 2018, 3:11 pm | BusinessDesk
Oct. 25 (BusinessDesk) - South Port New Zealand reiterated plans to maintain its dividend this year, even as earnings are squeezed by increased spending to repair and replace ageing assets. More >>
Higher oil costs drive record monthly trade deficit
Thursday, 25 October 2018, 2:38 pm | BusinessDesk
Oct. 25 (BusinessDesk) - Fuel and crude oil imports drove the largest-ever monthly goods trade deficit in September and the widest annual deficit in more than nine years. More >>
AMP to spin out NZ wealth management unit in IPO next year
Thursday, 25 October 2018, 1:43 pm | BusinessDesk
Oct. 25 (BusinessDesk) - AMP plans to spin out its New Zealand wealth management and advice division in an initial public offering next year. More >>
Freightways 1Q revenue up 8.3%
Thursday, 25 October 2018, 1:35 pm | BusinessDesk
Oct. 25 (BusinessDesk) - Courier and information management company Freightways said September quarter revenue was up 8.3 percent and reiterated that it expects year-on-year earnings growth. More >>
NZ tech firms shine in profitability, productivity stakes
Thursday, 25 October 2018, 11:48 am | BusinessDesk
Oct. 25 (BusinessDesk) - Technology companies are a bright spot in a sometimes lacklustre productivity performance by New Zealand businesses, according to the latest Technology Investment Network (TIN) report. More >>
Heightened uncertainty dents appetite for riskier assets
Thursday, 25 October 2018, 11:40 am | BusinessDesk
Oct. 25 (BusinessDesk) - The New Zealand dollar fell against a broadly stronger greenback as heightened volatility in financial markets weighed on risk-sensitive assets such as the kiwi. More >>
MARKET CLOSE: NZ shares fall for fourth day
Wednesday, 24 October 2018, 9:02 pm | BusinessDesk
Oct. 24 (BusinessDesk) - New Zealand shares fell for a fourth session as Fletcher Building dropped to a six-month low and dairy companies A2 Milk and Synlait Milk remained under pressure. More >>
NZ dollar sticks to tight range in risk averse markets
Wednesday, 24 October 2018, 8:27 pm | BusinessDesk
Oct. 24 (BusinessDesk) - The New Zealand dollar stuck to a right range, largely sidelined as risk-averse traders await the European Central Bank's upcoming rate decision and commentary in Frankfurt on Thursday. More >>
