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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 164]
NZ dollar falls as markets fret about Italy
Wednesday, 3 October 2018, 8:24 pm | BusinessDesk
Oct. 3 (BusinessDesk) - The New Zealand dollar fell against a stronger greenback as ongoing political uncertainty in Italy supported the world's reserve currency More >>
Gridlock on community infrastructure bill
Wednesday, 3 October 2018, 8:21 pm | BusinessDesk
Oct. 3 (BusinessDesk) - A divide along party lines meant MPs couldn't recommend passing a law making it easier for councils to charge development levies to pay for community infrastructure. More >>
Fletcher to continue Steel & Tube pursuit
Wednesday, 3 October 2018, 8:10 pm | BusinessDesk
Oct. 3 (BusinessDesk) - Fletcher Building is coy on whether it will raise its $284 million bid for Steel & Tube Holdings, saying shareholders holding more than 20 percent of the fabricator and distributor want the offer formally on the table. More >>
NZ commodity prices fall further in September – ANZ
Wednesday, 3 October 2018, 5:16 pm | BusinessDesk
New Zealand commodity prices fell in September for the fourth consecutive month, with five of the six broad categories measured weakening, the ANZ's monthly commodity price index shows. More >>
Morningstar adds A2 Milk to top 10 stock picks
Wednesday, 3 October 2018, 4:19 pm | BusinessDesk
Oct. 3 (BusinessDesk) - Morningstar Research has added A2 Milk Co to its 10 best stock ideas for Australia and New Zealand as the recent drop in share price created an attractive discount for a strong growth story. More >>
Steel & Tube shares soar 21%
Wednesday, 3 October 2018, 3:47 pm | BusinessDesk
Oct. 3 (BusinessDesk) - Steel & Tube Holdings shares jumped 21 percent after the board knocked back an offer from Fletcher Building. More >>
Hawke's Bay council favours float of 45% of Napier port
Wednesday, 3 October 2018, 3:23 pm | BusinessDesk
Oct. 3 (BusinessDesk) - Investors may get a chance to buy $181 million of shares in New Zealand’s fourth-largest container port. More >>
NZX on-market share trading improves in September
Wednesday, 3 October 2018, 2:26 pm | BusinessDesk
Oct. 3 (BusinessDesk) - On-market share trading rose in September, a month ahead of local market operator NZX imposes a new pricing structure aimed at encouraging more activity. More >>
New listings soar in Auckland but prices still stable
Wednesday, 3 October 2018, 1:59 pm | BusinessDesk
New listings soar in Auckland but prices still stable, says Barfoot & Thompson By Rebecca Howard More >>
Warehouse appoints local Facebook chief Easton to board
Wednesday, 3 October 2018, 1:01 pm | BusinessDesk
Oct. 3 (BusinessDesk) - Warehouse Group has appointed Facebook's local chief Will Easton to its board to tap his experience in driving digital transformations. More >>
NZ dollar gains vs Aussie as investors rethink RBA rate hike
Wednesday, 3 October 2018, 12:07 pm | BusinessDesk
Oct. 3 (BusinessDesk) - The New Zealand dollar gained against its trans-Tasman counterpart after the Reserve Bank of Australia's warning on rising household debt triggered a rethink on the chance of a rate hike next year. More >>
Dairy product prices slip
Wednesday, 3 October 2018, 10:38 am | BusinessDesk
Oct. 3 (BusinessDesk) - Dairy product prices declined at the Global Dairy Trade auction as whole milk powder sustained its downward trend amid greater supply. More >>
Elevation urges NZX to shrink exec team and rethink strategy
Wednesday, 3 October 2018, 10:29 am | BusinessDesk
Oct. 3 (BusinessDesk) - Elevation Capital wants NZX to halve its executive team and narrow its focus and says it will challenge the board if it has to. More >>
Annual house price growth slows for fifth month - QV
Wednesday, 3 October 2018, 10:11 am | BusinessDesk
Oct. 3 (BusinessDesk) - Growth in house prices slowed for a fifth month, led by declines in Auckland and Christchurch, according to state-owned valuer Quotable Value. More >>
MARKET CLOSE: NZ shares slip on rising costs
Tuesday, 2 October 2018, 9:16 pm | BusinessDesk
Oct. 2 (BusinessDesk) - New Zealand shares slipped as the weakest business confidence in nine years and fears over future profitability weighed on stocks linked to the local economic cycle. More >>
NZ dollar falls vs Aust dollar
Tuesday, 2 October 2018, 9:15 pm | BusinessDesk
Oct. 2 (BusinessDesk) - The New Zealand dollar fell against its Australian counterpart as the upbeat economic outlook from the Reserve Bank of Australia underlined the divergent interest rate tracks of the trans-Tasman neighbours. More >>
OMV plans two offshore exploration wells in 2019-20 summer
Tuesday, 2 October 2018, 8:33 pm | BusinessDesk
Oct. 2 (BusinessDesk) - OMV is planning to drill two exploration wells off Taranaki in the 2019-20 summer. More >>
NZ, Australia face pressure to exit RCEP negotiations
Tuesday, 2 October 2018, 8:32 pm | BusinessDesk
Oct. 2 (BusinessDesk) - New Zealand and Australia may face pressure to pull out of talks for a new trade agreement involving China, India and the Association of South East Asian Nations, a group of business leaders and academics were told on a recent ... More >>
Seeka warns of possible PSA outbreak in Victorian orchard
Tuesday, 2 October 2018, 7:19 pm | BusinessDesk
Oct. 2 (BusinessDesk) - Seeka, New Zealand’s biggest kiwifruit grower, says it may have found the fruit disease PSA in an orchard it is developing in Australia. More >>
Wrightson Seeds suitor DLF cites research capability
Tuesday, 2 October 2018, 7:18 pm | BusinessDesk
Oct. 2 (BusinessDesk) - Danish producer DLF Seeds says its research capability makes it a strong potential acquirer of PGG Wrightson’s grains and seeds business. More >>
