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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 156]
Tourism Holdings in talks to sell units
Tuesday, 23 October 2018, 2:40 pm | BusinessDesk
Oct. 23 (BusinessDesk) - Tourism Holdings is in talks to sell some of its New Zealand businesses, including the Kiwi Experience. More >>
ResMed notches up win over F&P Healthcare
Tuesday, 23 October 2018, 2:29 pm | BusinessDesk
Oct. 23 (BusinessDesk) - The Munich Regional Court has found Fisher & Paykel Healthcare breached a patent held by rival ResMed. More >>
$40 mln takeover for Chch-based SLI Systems
Tuesday, 23 October 2018, 12:42 pm | BusinessDesk
Oct. 23 (BusinessDesk) - Texas software investor ESW Holdings is offering more than twice the current market price to buy Kiwi e-commerce software seller SLI Systems for more than $40 million. More >>
TeamTalk plans placement, rights offer to raise $8.7M
Tuesday, 23 October 2018, 12:33 pm | BusinessDesk
Oct. 23 (BusinessDesk) - Telecommunications provider TeamTalk is planning to raise up to $8.7 million to help fund the expansion of its digital radio network and the upgrade of its Wellington fibre business. More >>
NZ dollar falls; China pledges support as growth slows
Tuesday, 23 October 2018, 11:48 am | BusinessDesk
Oct. 23 (BusinessDesk) - The New Zealand dollar fell from a spike during the Labour Day holiday as Chinese policymakers pledged to support a slowing economy. More >>
Tilt slashes carrying value of Australian assets
Friday, 19 October 2018, 9:59 pm | BusinessDesk
Oct. 19 (BusinessDesk) - Tilt Renewables has slashed the carrying value of its Australian generation assets citing expected lower prices for renewable generation credits and electricity there. More >>
MARKET CLOSE: NZ shares fall most across Asia
Friday, 19 October 2018, 9:26 pm | BusinessDesk
Oct. 19 (BusinessDesk) - New Zealand shares fell the most across Asia as Z Energy led the market lower for another day amid rising oil prices, growing competition and the threat of increased regulation. More >>
NZX holds first Investment in NZ seminar
Friday, 19 October 2018, 9:25 pm | BusinessDesk
Oct. 19 (BusinessDesk) - The NZX is looking to “market its market” as part of a refresh that kicked off just under a year ago. More >>
NZ dollar gains may be short-lived as investor nerves tested
Friday, 19 October 2018, 8:56 pm | BusinessDesk
Oct. 19 (BusinessDesk) - The 0.8 percent weekly gain the New Zealand dollar is heading for may be short-lived as geopolitical tensions and rising US interest rates heighten market volatility. More >>
Restaurant Brands takeover offer 'compelling', First NZ says
Friday, 19 October 2018, 8:15 pm | BusinessDesk
Oct. 19 (BusinessDesk) - Finaccess Capital's $881.5 million offer for three-quarters of Restaurant Brands New Zealand is a compelling price, says First NZ Capital. More >>
Global Dairy Trade looks to boost liquidity, add new markets
Friday, 19 October 2018, 8:14 pm | BusinessDesk
Oct. 19 (BusinessDesk) - The Global Dairy Trade platform is looking to boost liquidity, GDT director Eric Hansen told the NZX Global Dairy Seminar in Singapore. More >>
NZ First urged to block exploration ban
Friday, 19 October 2018, 4:03 pm | BusinessDesk
Oct. 19 (BusinessDesk) - New Zealand First needs to halt the government’s planned ban on new offshore exploration before it can harm the country’s energy security and manufacturing sector, Greymouth Gas says. More >>
Growing number of migrants pack their bags
Friday, 19 October 2018, 2:52 pm | BusinessDesk
Oct. 19 (BusinessDesk) - New Zealand's annual net migration continued to fall from record levels last year as a growing number of migrants pack their bags and leave. More >>
Ebos tightens grip on Australian chain
Friday, 19 October 2018, 1:30 pm | BusinessDesk
Oct. 19 (BusinessDesk) - Ebos Group will pay A$50 million to tighten its grip on its Australian retail pharmacy network. More >>
NZ dollar falls vs yen
Friday, 19 October 2018, 11:58 am | BusinessDesk
Oct. 19 (BusinessDesk) - The New Zealand dollar fell against a stronger yen as weaker equity markets and expectations of further US interest rate rises pushed investors toward 'safe haven' assets. More >>
English upbeat about NZ economy, points to headwinds
Friday, 19 October 2018, 11:47 am | BusinessDesk
Oct. 19 (BusinessDesk) - Former Prime Minister Bill English remains upbeat about the New Zealand economy despite some headwinds both at home and abroad. More >>
MARKET CLOSE: NZ shares mixed; Restaurant Brands soars
Thursday, 18 October 2018, 9:09 pm | BusinessDesk
Oct. 18 (BusinessDesk) - New Zealand shares were mixed as a dip by blue-chips Spark New Zealand, A2 Milk and Contact Energy took the sheen off Restaurant Brands New Zealand's double-digit spike on a takeover bid. More >>
Legislate capital gains tax before election or risk mischief
Thursday, 18 October 2018, 8:45 pm | BusinessDesk
Oct. 18 (BusinessDesk) - Passing new capital gains tax legislation into law before the 2020 election is important to reduce the potential for political "mischief", the chair of the Tax Working Group says. More >>
NZ dollar falls vs Aussie on lower jobless rate
Thursday, 18 October 2018, 8:43 pm | BusinessDesk
Oct. 18 (BusinessDesk) - The New Zealand dollar fell against the Aussie as a lower unemployment rate across the Tasman supported the Reserve Bank of Australia's increasingly optimistic domestic outlook. More >>
Imported coal needed to keep the lights on in NZ
Thursday, 18 October 2018, 7:54 pm | BusinessDesk
Oct. 18 (BusinessDesk) - Genesis Energy is buying coal and gas in the wholesale market to supplement fuel supplies, while it awaits the first deliveries of imported coal in early December. More >>
