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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 155]
Costs of waste treatment may fall on smaller communities
Wednesday, 24 October 2018, 7:35 pm | BusinessDesk
Oct. 24 (BusinessDesk) - Upgrading waste water systems discharging to rivers and lakes will be expensive and those costs may fall disproportionately on smaller communities, a study for the government’s three waters review says. More >>
Steel & Tube handed record fine over mesh representations
Wednesday, 24 October 2018, 7:11 pm | BusinessDesk
Oct. 24 (BusinessDesk) - Steel & Tube Holdings has been ordered to pay a record fine for making misleading representations about steel mesh products that fell short of testing standards. More >>
Skellerup expects improved profitability
Wednesday, 24 October 2018, 7:10 pm | BusinessDesk
Oct. 24 (BusinessDesk) - Skellerup Holdings expects an improvement in profitability in the current financial year as its industrial unit benefits from a greater focus on water. More >>
CORRECT: Chorus anchor price cap set at $46/month
Wednesday, 24 October 2018, 4:59 pm | BusinessDesk
Oct. 24 (BusinessDesk) - Chorus has agreed to a $46 monthly price cap for its anchor service from July after Telecommunications Minister Kris Faafoi introduced a suite of changes in legislation governing the industry. More >>
Standardise network tariffs as soon as possible - Genesis
Wednesday, 24 October 2018, 4:14 pm | BusinessDesk
Oct. 24 (BusinessDesk) - Greater standardisation of network charges is needed to remove complexity and cost from electricity retailing, Genesis Energy says. More >>
NZME pulls plug on Stuff merger
Wednesday, 24 October 2018, 3:33 pm | BusinessDesk
Oct. 24 (BusinessDesk) - A proposed merger between NZME and Stuff is over with the dominant New Zealand newspaper publishers deciding against taking their case to the Supreme Court. More >>
Craigs fined for failing to monitor algorithmic trades
Wednesday, 24 October 2018, 3:00 pm | BusinessDesk
Oct. 24 (BusinessDesk) - Craigs Investment Partners has been censured and fined $35,000 for letting one of its clients with direct market access make a series of algorithmic trades with no ownership change. More >>
Michael Hill rejigs strategy for rest of year
Wednesday, 24 October 2018, 2:23 pm | BusinessDesk
Oct. 24 (BusinessDesk) - Michael Hill International has adjusted its marketing strategy for the remainder of the financial year after alternative promotions didn't bring enough customers through the door. More >>
Chorus anchor price cap set at $46/month, telco bill tweaked
Wednesday, 24 October 2018, 1:43 pm | BusinessDesk
Chorus has agreed to a $46 monthly price cap for its anchor service from July after Telecommunications Minister Kris Faafoi introduced a suite of changes in legislation governing the industry. More >>
NZ dollar in tight range as Europe rejects Italian budget
Wednesday, 24 October 2018, 11:39 am | BusinessDesk
Oct. 24 (BusinessDesk) - The New Zealand dollar traded in a relatively tight range after Europe rejected Italy's plans to run budget deficits, stoking fears over the region's growth. More >>
MARKET CLOSE: NZ shares fall
Tuesday, 23 October 2018, 8:49 pm | BusinessDesk
Oct. 23 (BusinessDesk) - New Zealand shares fell to a four-month low, with Fisher & Paykel Healthcare among the hardest hit after the breathing mask maker lost the latest round in a wide-ranging patent dispute. More >>
NZ dollar pares losses; political jitters return in Aust
Tuesday, 23 October 2018, 8:43 pm | BusinessDesk
Oct. 23 (BusinessDesk) - The New Zealand dollar pared some of its losses against the Australian dollar as political jitters across the Tasman weighed on sentiment. More >>
Seeka reaps $15.9M from Northland sales
Tuesday, 23 October 2018, 8:17 pm | BusinessDesk
Oct. 23 (BusinessDesk) - Seeka has agreed to sell five Northland kiwifruit orchards for $15.9 million. More >>
Reserve Bank plans sharper focus on material bank rules
Tuesday, 23 October 2018, 7:44 pm | BusinessDesk
Oct. 23 (BusinessDesk) - The Reserve Bank wants more focus on material regulatory breaches by lenders to sharpen up its light-handed supervision of the sector. More >>
Wrong plans costing power consumers $39 mln - report
Tuesday, 23 October 2018, 5:50 pm | BusinessDesk
Being on the wrong electricity plan may be costing consumers up to $39 million a year, according to a study of household energy prices. More >>
Vector's HRV fined $440k over water softening claims
Tuesday, 23 October 2018, 5:29 pm | BusinessDesk
Vector-owned HRV Clean Water has been fined $440,000 for misleading consumers on the level of chemicals in the nation's water supply and overstating the benefits of its water filter system. More >>
Fonterra says India a major ingredients opportunity
Tuesday, 23 October 2018, 5:23 pm | BusinessDesk
Fonterra says India remains a massive opportunity for the New Zealand cooperative once it inevitably shifts to being a dairy importer. More >>
NZ Shareholders Association to vote against Wrightson's sale
Tuesday, 23 October 2018, 4:40 pm | BusinessDesk
The New Zealand Shareholders' Association will vote against the $434 million sale of PGG Wrightson's seeds division to a Danish cooperative. More >>
Infratil considers sale of Perth Energy
Tuesday, 23 October 2018, 4:03 pm | BusinessDesk
Infratil has hired Gresham Partners to advise it on the potential sale of its controlling stake in Perth Energy. More >>
Infratil considers sale of Perth Energy
Tuesday, 23 October 2018, 3:03 pm | BusinessDesk
Oct. 23 (BusinessDesk) - Infratil has hired Gresham Partners to advise it on the potential sale of its controlling stake in Perth Energy. More >>
