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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 158]
NZ software firm SwipedOn sells for $11 million
Wednesday, 17 October 2018, 4:52 pm | BusinessDesk
Oct. 17 (BusinessDesk) - Kiwi software firm SwipedOn has been sold to UK company SmartSpace Software for $11 million. More >>
AWF Madison drops 3.7%
Wednesday, 17 October 2018, 3:08 pm | BusinessDesk
Oct. 17 (BusinessDesk) - AWF Madison Group shares fell 3.7 percent after the labour-hire firm said the collapse of three building companies dented its earnings. More >>
Genesis partners with Tilt in Taranaki wind farm
Wednesday, 17 October 2018, 2:42 pm | BusinessDesk
Oct. 17 (BusinessDesk) - Genesis Energy is partnering with Tilt Renewables to develop a 100 MW wind farm at Waverley on the southern Taranaki coast. More >>
NZ Steel grabs blocking stake in Steel & Tube
Wednesday, 17 October 2018, 1:56 pm | BusinessDesk
New Zealand Steel has paid a 17 percent premium for a blocking stake in distributor Steel & Tube Holdings, the latest move in an ongoing tussle for the Lower Hutt-based steel products supplier. More >>
NZ heading for gas supply gap - OMV
Wednesday, 17 October 2018, 1:07 pm | BusinessDesk
New Zealand is heading into a gas supply gap and will need a new discovery to arrest the production decline it is on now, MPs heard yesterday. More >>
A2 sales meet expectations, support growth outlook
Wednesday, 17 October 2018, 1:00 pm | BusinessDesk
A2 Milk Co still sees annual revenue growth piggybacking off the strength of its infant formula products, after first-quarter sales met expectations. More >>
NZ dollar at 2-week high
Wednesday, 17 October 2018, 11:42 am | BusinessDesk
Oct. 17 (BusinessDesk) - The New Zealand dollar rose to a two-week high as yesterday's stronger than expected inflation data lowered traders' expectations for a rate cut. More >>
Dairy product prices descend, led by whole milk powder
Wednesday, 17 October 2018, 10:39 am | BusinessDesk
Oct. 17 (BusinessDesk) - Dairy product prices fell at the Global Dairy Trade auction as whole milk powder slid amid the prospect of increased supply. More >>
MARKET CLOSE: NZ shares fall
Tuesday, 16 October 2018, 9:03 pm | BusinessDesk
Oct. 16 (BusinessDesk) - New Zealand shares fell for a second day with Meridian Energy lower as the power company confronts dry conditions, and exporters Comvita and Fisher & Paykel Healthcare faced a stronger kiwi dollar. More >>
NZ dollar gains on rising consumer prices
Tuesday, 16 October 2018, 8:47 pm | BusinessDesk
Oct. 16 (BusinessDesk) - The New Zealand dollar gained as traders dial back their expectations for a rate cut after inflation was higher than forecast. More >>
Treasury Secretary to sit in on RBNZ monetary policy reviews
Tuesday, 16 October 2018, 7:25 pm | BusinessDesk
Oct. 16 (BusinessDesk) - Treasury secretary Gabriel Makhlouf will sit in on the Reserve Bank's monetary policy reviews from this month, pre-empting a legislative change. More >>
Cancer test firms Pacific Edge
Tuesday, 16 October 2018, 6:58 pm | BusinessDesk
Oct. 16 (BusinessDesk) - Cancer test makers Pacific Edge and TruScreen both gave investors something to cheer about as they made headway in their respective markets. More >>
Air NZ to be 'the world's least unsustainable airline'
Tuesday, 16 October 2018, 6:57 pm | BusinessDesk
Air NZ on track to be 'the world's least unsustainable airline' By Pattrick Smellie More >>
Ebos says animal care led first-quarter revenue growth
Tuesday, 16 October 2018, 5:07 pm | BusinessDesk
Oct. 16 (BusinessDesk) - Ebos Group says first-quarter trading growth was solid with animal care outperforming healthcare where government funding remains tight. More >>
Bridges denies Ross allegations, welcomes police inquiry
Tuesday, 16 October 2018, 5:04 pm | BusinessDesk
Oct. 16 (BusinessDesk) - A defiant National Party leader, Simon Bridges, has emphatically denied claims by his dissident former colleague, Jami-Lee Ross, that Bridges was involved in arranging to conceal a $100,000 donation from a Chinese businessman. More >>
Stronger-than-expected inflation could spur a rethink
Tuesday, 16 October 2018, 4:08 pm | BusinessDesk
Oct. 16 (BusinessDesk) - The Reserve Bank may have to rethink its rate cut option after higher-than-expected third quarter inflation pushed the annual number to just below the mid-point of its target range. More >>
Second round of Overseas Investment Act review
Tuesday, 16 October 2018, 4:04 pm | BusinessDesk
Oct. 16 (BusinessDesk) - The government wants to clear a pathway for investment in productive assets while letting the Crown block investments to protect the national interest. More >>
Jami-Lee Ross accuses Bridges of corruption, resigns
Tuesday, 16 October 2018, 2:53 pm | BusinessDesk
Oct. 16 (BusinessDesk) - Dissident National Party MP Jami-Lee Ross will resign from Parliament on Friday, triggering a by-election in the safe National electorate seat of Botany in east Auckland. More >>
First NZ cuts Michael Hill earnings forecast
Tuesday, 16 October 2018, 2:19 pm | BusinessDesk
Oct. 16 (BusinessDesk) - First NZ Capital expects to see weaker earnings at Michael Hill International but says there is still potential for the share price to rise. More >>
Focus on 'low-hanging fruit' for emissions reduction
Tuesday, 16 October 2018, 2:05 pm | BusinessDesk
Oct. 16 (BusinessDesk) - New Zealand has a lot of “low-hanging fruit” it can pursue now with known technologies to start reducing greenhouse gas emissions, Methanex New Zealand managing director Dean Richardson says. More >>
