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Independent, Trustworthy New Zealand Business News
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BusinessDesk - Latest News [Page 162]
Beach says Kupe may not need further drilling
Tuesday, 9 October 2018, 10:59 am | BusinessDesk
Oct. 9 (BusinessDesk) - Beach Energy says it may be possible to drain the Kupe gas field without drilling further wells. More >>
No increase in petrol margins, Z Energy says to PM's attack
Tuesday, 9 October 2018, 10:49 am | BusinessDesk
Oct. 9 (BusinessDesk) - Z Energy has had no increase in its petrol margins over the past year and Prime Minister Jacinda Ardern's attack on petrol retailers' pricing is "inconsistent with Z's own experience," chief executive Mike Bennetts ... More >>
Mainzeal directors’ delay cost creditors up to $75M
Tuesday, 9 October 2018, 10:40 am | BusinessDesk
Oct. 9 (BusinessDesk) - Property company Mainzeal was likely insolvent for most of the eight years before it collapsed in February 2013 owing more than $157 million to subcontractors and other creditors, Staples Rodway director Bill Apps says. More >>
MARKET CLOSE: NZ shares fall as rising US bond yields ripple
Monday, 8 October 2018, 9:07 pm | BusinessDesk
MARKET CLOSE: NZ shares fall as rising US bond yields ripple through Asia; Z Energy drops More >>
Petrol consumers being 'fleeced', says Ardern
Monday, 8 October 2018, 8:35 pm | BusinessDesk
Oct. 8 (BusinessDesk) - Prime Minister Jacinda Ardern effectively declared war on the petrol industry today saying "New Zealanders, in my book, are being fleeced". More >>
NZ dollar may extend decline on US rate advantage
Monday, 8 October 2018, 8:34 pm | BusinessDesk
Oct. 8 (BusinessDesk) - The New Zealand dollar may extend its decline against the greenback as US government bonds offer an increasingly attractive return relative to their Kiwi counterparts. More >>
Rod Duke could face helipad action in Environment Court
Monday, 8 October 2018, 7:11 pm | BusinessDesk
Oct. 8 (BusinessDesk) - Briscoes boss Rod Duke today lost round one of his High Court beach helipad battle, according to his opponents. But there is more to come, potentially in the Environment Court as well. More >>
UPDATE: NZX challenges Elevation to call special meeting
Monday, 8 October 2018, 7:10 pm | BusinessDesk
Oct. 8 (BusinessDesk) - NZX won't bow to Elevation Capital's attempt to wrest control of its board and says it will defend plans to reinvigorate its core markets business if the activist shareholder calls a special meeting. More >>
Highly concentrated materials market just one turn-off
Monday, 8 October 2018, 5:04 pm | BusinessDesk
Oct. 8 (BusinessDesk) - Lack of competition in New Zealand's building materials market, inconsistent procurement processes, and no clear pipeline of future work are all factors putting off potential Australian infrastructure investors, Cabinet papers ... More >>
Transpower optimises upper North Island power delivery
Monday, 8 October 2018, 4:01 pm | BusinessDesk
Oct. 8 (BusinessDesk) - Transpower is changing the way it manages some of its most important lines in order to defer upgrades and deliver more electricity over the course of a day. More >>
Better freshwater quality within five years
Monday, 8 October 2018, 3:19 pm | BusinessDesk
Better freshwater quality within five years; new deal for Maori on water, govt says By Pattrick Smellie More >>
NZX challenges Elevation to call special meeting
Monday, 8 October 2018, 2:25 pm | BusinessDesk
Oct. 8 (BusinessDesk) - NZX won't bow to Elevation Capital's attempt to wrest control of its board and says it will defend plans to reinvigorate its core markets business if the activist shareholder calls a special meeting. More >>
Tegel to de-list later this month
Monday, 8 October 2018, 1:42 pm | BusinessDesk
Oct. 8 (BusinessDesk) - Tegel Group Holdings will officially leave the NZX and ASX later this month once Bounty Fresh Foods finishes mopping up minority shareholders. More >>
TIL trading halted pending Bowker, Kern sell-down
Monday, 8 October 2018, 12:56 pm | BusinessDesk
Oct. 8 (BusinessDesk) - Trucking operator TIL Logistics has halted trading of its shares while two major shareholders sell down more than 14.5 percent of the company’s stock. More >>
NZ dollar may get some respite as China bolsters economy
Monday, 8 October 2018, 11:40 am | BusinessDesk
Oct. 8 (BusinessDesk) - The New Zealand dollar fell after US jobs data on Friday, but may get some respite after China’s central bank announced a steep cut in the level of cash its banks must hold as reserves. More >>
MARKET CLOSE: NZ shares fall as rising yields trim demand
Friday, 5 October 2018, 8:45 pm | BusinessDesk
MARKET CLOSE: NZ shares fall as rising yields trim demand; Synlait drops By Paul McBeth More >>
NZ dollar heads for 2.3% weekly loss
Friday, 5 October 2018, 8:20 pm | BusinessDesk
Oct. 5 (BusinessDesk) - The New Zealand dollar is headed for a 2.3 percent weekly fall against the US dollar after strong data there and hawkish comments from the chair of the Federal Reserve increased speculation that US rates will keep rising. More >>
Environmentalists plan ironsands cross-appeal
Friday, 5 October 2018, 7:16 pm | BusinessDesk
Oct. 5 (BusinessDesk) - Kiwis Against Seabed Mining and Greenpeace New Zealand are heading back to court, saying a High Court judgment that quashed Trans-Tasman Resources’ consent to mine ironsand off the Taranaki coast upheld only one of a number of valid ... More >>
CentrePort to demolish BNZ building
Friday, 5 October 2018, 6:13 pm | BusinessDesk
Oct. 5 (BusinessDesk) - CentrePort will have the BNZ building on Harbour Quays demolished after reaching a $170 million settlement with its insurers. More >>
Frank assessment of zero carbon costs needed - NZ Steel
Friday, 5 October 2018, 3:37 pm | BusinessDesk
Oct. 5 (BusinessDesk) - The government’s discussion paper on the Zero Carbon Bill failed to communicate the real impact on the economy from meeting the proposed 2050 target, New Zealand Steel says. More >>
