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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 168]
MARKET CLOSE: NZ shares inch higher
Tuesday, 25 September 2018, 8:53 pm | BusinessDesk
Sept. 25 (BusinessDesk) - New Zealand shares edged higher as investors wait for the upcoming round of annual meetings for a clearer steer on company outlooks. More >>
NZ dollar under pressure, range bound ahead of key events
Tuesday, 25 September 2018, 8:24 pm | BusinessDesk
Sept. 25 (BusinessDesk) - The New Zealand dollar remained weaker against the greenback amid ongoing jitters about China-US trade tensions and as investors await key risk events - including rate decisions in the US and New Zealand - later this week. More >>
Sharesies to more than double in size
Tuesday, 25 September 2018, 7:20 pm | BusinessDesk
Sept. 25 (BusinessDesk) - Sharesies will more than double in size during the coming year with a $4 million injection from Trade Me to help fund new product development and get its name out to the public. More >>
Methanex emissions-reduction project falls victim
Tuesday, 25 September 2018, 7:18 pm | BusinessDesk
Sept. 25 (BusinessDesk) - The government’s proposed ban on new offshore exploration looks likely to halt plans by Methanex for a $100 million-plus emissions reduction project at its Motunui plant. More >>
Aussie PE firm to take majority stake in Hellers
Tuesday, 25 September 2018, 4:47 pm | BusinessDesk
Sept. 25 (BusinessDesk) - Australian private equity firm Adamantem Capital's bid to buy a majority stake in Hellers from Rangatira investments should get a green light from the Overseas Investment Office but may face more scrutiny than it would ... More >>
Pacific Equity Partners to buy Evolution controlling stake
Tuesday, 25 September 2018, 4:19 pm | BusinessDesk
Sept. 25 (BusinessDesk) - Pacific Equity Partners will buy a controlling stake in New Zealand private hospital operator Evolution Healthcare for an undisclosed sum. More >>
Appeal Court upholds rejection of Stuff, NZME merger
Tuesday, 25 September 2018, 12:57 pm | BusinessDesk
Sept. 25 (BusinessDesk) - The Court of Appeal has upheld the rejection of plans to create a dominant newspaper publisher through the merger of Stuff and NZME. More >>
NZOG, partners start drilling south of New Plymouth
Tuesday, 25 September 2018, 12:43 pm | BusinessDesk
Sept. 25 (BusinessDesk) - New Zealand Oil & Gas and its partners have started drilling the Kohatukai-1 exploration well south-east of New Plymouth. More >>
Smol to join Contact board
Tuesday, 25 September 2018, 12:13 pm | BusinessDesk
Sept. 25 (BusinessDesk) - Former top public servant David Smol is to join the board of Contact Energy next month. More >>
NZ dollar dips as China criticises US protectionism
Tuesday, 25 September 2018, 11:35 am | BusinessDesk
Sept. 25 (BusinessDesk) - The New Zealand dollar slipped as China accused the US of intimidating other nations with its trade policy. More >>
Market Close: NZ stocks mixed, A2 Milk leads declines
Monday, 24 September 2018, 9:13 pm | BusinessDesk
Sept. 24 (BusinessDesk) - New Zealand shares were mixed as last week’s FTSE index adjustments rippled through major stocks today. A2 Milk, which has entered the FTSE Russell All World Index, led the declines; Sky Network Television, which made way ... More >>
Oil exploration ban will cost NZ govt $7.9B in lost revenues
Monday, 24 September 2018, 9:11 pm | BusinessDesk
Sept. 24 (BusinessDesk) - The government's proposed ban on new offshore oil and gas exploration permits may cost the country $7.9 billion in revenue foregone between now and 2050, the Ministry of Business, Innovation and Employment says. More >>
NZ dollar sticks to tight range ahead of key events
Monday, 24 September 2018, 8:26 pm | BusinessDesk
Sept. 24 (BusinessDesk) - The New Zealand dollar stuck to a tight range ahead of key events later in the week, including interest rate decisions from the US Federal Reserve and New Zealand's central bank. More >>
OIO approves Bounty Holdings bid to buy Tegel Group
Monday, 24 September 2018, 8:16 pm | BusinessDesk
OIO approves Bounty Holdings bid to buy Tegel Group, offer now unconditional By Rebecca Howard More >>
Outspoken Fonterra critic launches campaign for board seat
Monday, 24 September 2018, 7:59 pm | BusinessDesk
Sept. 24 (BusinessDesk) - Outspoken former Fonterra director Leonie Guiney, who was temporarily gagged by the cooperative after losing her seat on the board last year, is seeking re-election in November. More >>
PREVIEW: RBNZ to keep rates on hold
Monday, 24 September 2018, 7:47 pm | BusinessDesk
PREVIEW: RBNZ to keep rates on hold, reiterate next move could be up or down More >>
Govt announces $27.4M PGF spend for Rotorua
Monday, 24 September 2018, 4:04 pm | BusinessDesk
Sept. 24 (BusinessDesk) - The government said its Provincial Growth Fund will invest $27.4 million to support Rotorua's plans to redevelop its lakefront and Whakarewarewa Forest as part of an effort to bolster tourism and job growth in the region. More >>
Capacity upgrade planned for Hawaiki cable
Monday, 24 September 2018, 3:30 pm | BusinessDesk
Sept. 24 (BusinessDesk) - Hawaiki Submarine Cable has contracted with US-based Ciena Corp to increase the capacity of its deep-sea fibre optic cable by more than half. More >>
Steel & Tube affirms guidance citing new contracts
Monday, 24 September 2018, 12:56 pm | BusinessDesk
Sept. 24 (BusinessDesk) - Steel & Tube Holdings has reaffirmed its full-year earnings guidance citing new customer contracts and progress with efforts to streamline its business and cut costs. More >>
NZ dollar falls as investors eye Reserve Bank, Fed decisions
Monday, 24 September 2018, 12:18 pm | BusinessDesk
Sept. 24 (BusinessDesk) - The New Zealand dollar slid, stemming a five-day advance on increased risk appetite, as investors eyed central bank decisions on interest rates at home and the US later this week. More >>
