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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 163]
Air NZ, Singapore Airlines alliance extended five years
Friday, 5 October 2018, 3:34 pm | BusinessDesk
Oct. 5 (BusinessDesk) - The government has extended a partnership between Air New Zealand and Singapore Airlines for another five years, saying it creates stronger bonds with South East Asia. More >>
Lees-Galloway weighing up ways to boost contractor rights
Friday, 5 October 2018, 2:30 pm | BusinessDesk
Oct. 5 (BusinessDesk) - Workplace Relations and Safety Minister Iain Lees-Galloway is considering ways to improve rights for contract workers that may extend to some form of collective bargaining. More >>
Eroad lifts sales growth in second quarter
Friday, 5 October 2018, 1:03 pm | BusinessDesk
Oct. 5 (BusinessDesk) - Eroad's sales growth accelerated in the second quarter, buoyed by the mandated adoption of the new technology in North America. More >>
Summerset plans $150M village in first Tauranga foray
Friday, 5 October 2018, 12:59 pm | BusinessDesk
Oct. 5 (BusinessDesk) - Summerset Group expects to spend more than $150 million on its first retirement village in Tauranga after buying a plot of land in Papamoa Beach for an undisclosed sum. More >>
Napier Port share sale a potential catalyst for change
Friday, 5 October 2018, 12:34 pm | BusinessDesk
Oct. 5 (BusinessDesk) - A potential share sale by Napier Port should attract good investor interest and may prove a catalyst for a wider shake-up in the sector, fund managers say. More >>
NZ dollar extends decline
Friday, 5 October 2018, 11:36 am | BusinessDesk
Oct. 5 (BusinessDesk) - The New Zealand dollar extended its decline for a fourth day as US bond yields continued to rise on expectations a strong US economy will drive up interest rates. More >>
MARKET CLOSE: NZ shares fall as A2 still in the dog-box
Thursday, 4 October 2018, 8:57 pm | BusinessDesk
MARKET CLOSE: NZ shares fall as A2 still in the dog-box; Genesis, Akl Airport shed dividend rights By Paul McBeth More >>
NZ dollar hovers at 30-month low as greenback surges
Thursday, 4 October 2018, 8:56 pm | BusinessDesk
Oct. 4 (BusinessDesk) - The New Zealand dollar is hovering around a 30-month low and could drop further if US jobs data surprises to the upside overnight Friday. More >>
MPs back ban on tenant letting fees
Thursday, 4 October 2018, 7:51 pm | BusinessDesk
Oct. 4 (BusinessDesk) - A ban on letting fees for tenants could be in place as early as December to protect renters during the peak summer period. More >>
FMA sanctions Pacific Eagle Capital for failing to file
Thursday, 4 October 2018, 7:30 pm | BusinessDesk
Oct. 4 (BusinessDesk) - The Financial Markets Authority has issued an infringement notice to building society Pacific Eagle Capital for failing to file financial statements on time. More >>
All gases target favoured in emissions scheme submissions
Thursday, 4 October 2018, 7:28 pm | BusinessDesk
Oct. 4 (BusinessDesk) - Submitters on the government’s Carbon Zero Bill favour an all gases target but many were split on what that should look like. More >>
FNZC says Fletcher's play for Steel & Tube opportunistic
Thursday, 4 October 2018, 7:27 pm | BusinessDesk
FNZC says Fletcher's play for Steel & Tube opportunistic but on strategy By Rebecca Howard More >>
RBNZ looks to replicate banking dashboard for insurers
Thursday, 4 October 2018, 7:25 pm | BusinessDesk
Oct. 4 (BusinessDesk) - The Reserve Bank is lauding the success of its 'bank financial strength dashboard' and plans to replicate the tool in other sectors such as insurance and non-bank deposit takers. More >>
NZX says funds management a priority to deliver earnings
Thursday, 4 October 2018, 1:17 pm | BusinessDesk
Oct. 4 (BusinessDesk) - NZX has pushed back against shareholder complaints that it's adopted a faulty strategy, saying its funds management unit is a key plank for earnings growth. More >>
Summerset 3Q sales slip 4.5% as new units awaited
Thursday, 4 October 2018, 12:17 pm | BusinessDesk
Oct. 4 (BusinessDesk) - Summerset's third-quarter sales fell 4.5 percent as the retirement village operator waits for a large number of new units to come on stream. More >>
TIL expands heavy haulage with $19M acquisition
Thursday, 4 October 2018, 12:16 pm | BusinessDesk
Oct. 4 (BusinessDesk) - Trucking operator TIL Logistics is acquiring Specialised Lifting and Transport Group to increase its capacity to move large loads and better compete with Australian rivals. More >>
NZ dollar drops as US bond yields rise
Thursday, 4 October 2018, 11:39 am | BusinessDesk
Oct. 4 (BusinessDesk) - The New Zealand dollar fell as better than expected US data drove yields on US bonds to a seven-year high, making the greenback a more attractive investment option. More >>
MARKET CLOSE: NZ shares fall as A2 director sells
Wednesday, 3 October 2018, 9:11 pm | BusinessDesk
MARKET CLOSE: NZ shares fall as A2 director sells; Fletcher overture rebuffed By Paul McBeth More >>
Lifting productivity needs more than R&D tax incentives
Wednesday, 3 October 2018, 9:10 pm | BusinessDesk
Oct. 3 (BusinessDesk) - Research and development tax credits are a “weak lever” for improving New Zealand’s poor levels of productivity and innovation, according to local experts, including at the Productivity Commission. More >>
Ports of Auckland net profit rises 27%; dividend flat
Wednesday, 3 October 2018, 8:31 pm | BusinessDesk
Oct. 3 (BusinessDesk) - Ports of Auckland reported a 27 percent lift in net profit, boosted by some one-off gains and a full year of revenue from its Nexus Logistics and Conlinxx units. More >>
