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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 157]
Metlifecare considering buyback to lift share price
Thursday, 18 October 2018, 7:53 pm | BusinessDesk
Oct. 18 (BusinessDesk) - Metlifecare is considering ways to boost the share price, including a potential buyback, says chairman Kim Ellis. More >>
Comvita says new strategy should lift annual sales, earnings
Thursday, 18 October 2018, 7:52 pm | BusinessDesk
Oct. 18 (BusinessDesk) - Comvita says a new strategy focusing on its core mānuka honey products and securing supply should drive higher sales and earnings. More >>
Big end of town to advise PM on high-level economic issues
Thursday, 18 October 2018, 7:51 pm | BusinessDesk
Oct. 18 (BusinessDesk) - The Prime Minister's Business Advisory Council will focus on high-level economic matters and the government's wider economic agenda. More >>
NZ Steel purchase heads off risk - First NZ
Thursday, 18 October 2018, 5:29 pm | BusinessDesk
Oct. 18 (BusinessDesk) - New Zealand Steel's $46 million stake in distributor Steel & Tube has shut down the creation of a potentially tricky customer flexing its muscles to get better pricing, analysts say. More >>
CORRECT: Sky TV chair holds succession plan
Thursday, 18 October 2018, 4:41 pm | BusinessDesk
Oct. 18 (BusinessDesk) - Sky Network Television's veteran chairman Peter Macourt will think about planning for his replacement once the pay-TV operator has a new chief executive settled in. More >>
Judge rejects call for immediate stop to Rod Duke's helipad
Thursday, 18 October 2018, 4:07 pm | BusinessDesk
Oct. 18 (BusinessDesk) - Briscoe Group boss Rod Duke sat in the public gallery at the High Court today, where he faces a legal challenge to his plan to convert a boatshed on a popular inner-city Auckland beach to a James Bond-style helicopter pad. More >>
Sky TV chair holds succession plan until CEO slot filled
Thursday, 18 October 2018, 3:00 pm | BusinessDesk
Oct. 18 (BusinessDesk) - Sky Network Television's veteran chairman Peter Macourt will think about planning for his replacement once the pay-TV operator has a new chief executive settled in. More >>
Govt raises GST threshold for online shopping
Thursday, 18 October 2018, 2:06 pm | BusinessDesk
Oct. 18 (BusinessDesk) - Revenue Minister Stuart Nash will introduce legislation next month to impose a goods and services tax on small online retail purchases. More >>
Exploration ban 'selfish, rich world' approach, MPs told
Thursday, 18 October 2018, 12:52 pm | BusinessDesk
Oct. 18 (BusinessDesk) - The government’s proposed exploration ban is a “selfish and rich world” approach that ignores the country’s responsibility to help deliver low-carbon energy in the broader Pacific region, MPs heard yesterday. More >>
Exploration ban 'selfish, rich world' approach, MPs told
Thursday, 18 October 2018, 12:51 pm | BusinessDesk
Oct. 18 (BusinessDesk) - The government’s proposed exploration ban is a “selfish and rich world” approach that ignores the country’s responsibility to help deliver low-carbon energy in the broader Pacific region, MPs heard yesterday. More >>
Exploration ban 'selfish, rich world' approach, MPs told
Thursday, 18 October 2018, 12:36 pm | BusinessDesk
Oct. 18 (BusinessDesk) - The government’s proposed exploration ban is a “selfish and rich world” approach that ignores the country’s responsibility to help deliver low-carbon energy in the broader Pacific region, MPs heard yesterday. More >>
24% premium dangled to buy control of Restaurant Brands
Thursday, 18 October 2018, 12:27 pm | BusinessDesk
Oct. 18 (BusinessDesk) - Mexico's Finaccess Capital has offered $881.5 million - a 24 percent premium - to buy three-quarters of Restaurant Brands New Zealand. More >>
Dollar dips as growing concerns in Europe bolster greenback
Thursday, 18 October 2018, 11:28 am | BusinessDesk
Oct. 18 (BusinessDesk) - The New Zealand dollar slipped against a stronger greenback amid concern lingering Brexit talks and Italy's projected budget deficits will slow growth in Europe. More >>
MARKET CLOSE: NZ shares gain as A2 calms critics
Wednesday, 17 October 2018, 8:56 pm | BusinessDesk
Oct. 17 (BusinessDesk) - New Zealand shares rose, led by A2 Milk Co, which calmed nervous investors with a strong first-quarter update. Synlait Milk followed suit, albeit on much lighter volumes. More >>
NZ dollar may extend rally
Wednesday, 17 October 2018, 8:39 pm | BusinessDesk
Oct. 17 (BusinessDesk) - The New Zealand dollar may extend its recent rally on expectations the yield differential to the US may be kept in check near term. More >>
Port of Tauranga eyes record $101mln 2019 profit
Wednesday, 17 October 2018, 8:26 pm | BusinessDesk
Oct. 17 (BusinessDesk) - Port of Tauranga says annual profit may rise as much as 8.1 percent, based on increased cargo volumes in the first quarter. More >>
Larry Ellison's NZ yacht company key to America's Cup rival
Wednesday, 17 October 2018, 8:25 pm | BusinessDesk
Oct. 17 (BusinessDesk) - A Warkworth-based company owned by multi-billionaire IT mogul Larry Ellison and part-funded by Callaghan Innovation is at the centre of a bid to take the wind out of the sails of the next America’s Cup competition in ... More >>
Marsden Maritime eyes benefits from transport study
Wednesday, 17 October 2018, 7:43 pm | BusinessDesk
Oct. 17 (BusinessDesk) - The government’s strategic review of upper North Island logistics chains may recognise the value of Northport in a way previous studies did not, Marsden Maritime Holdings chair John Goulter says. More >>
NZ screen sector needs special employment carve-outs
Wednesday, 17 October 2018, 7:42 pm | BusinessDesk
Oct. 17 (BusinessDesk) - New Zealand's screen sector needs its own employment framework to remain globally competitive, a working group says. More >>
UPDATE: A2 shares climb 7.7% on Chinese formula sales
Wednesday, 17 October 2018, 5:34 pm | BusinessDesk
Oct. 17 (BusinessDesk) - A2 Milk Co shares jumped 7.7 percent after the company reaffirmed its expected annual revenue growth, piggybacking off the strength of its infant formula products. More >>
