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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 169]
Warehouse risking its (red) shirt on 'every day low price'
Friday, 21 September 2018, 9:07 pm | BusinessDesk
Sept. 21 (BusinessDesk) - The “A” word lurks behind any conversation with The Warehouse Group - Amazon. More >>
NZ shares edge higher, boosted by tourism data, earnings
Friday, 21 September 2018, 9:06 pm | BusinessDesk
Sept. 21 (BusinessDesk) - New Zealand shares edged higher as strong tourism data boosted prospects for airports and attraction operators. A2 Milk rose for a third day ahead of the reweighting of FTSE indices that it will have a larger presence ... More >>
NZ dollar heads for 2.2% weekly gain
Friday, 21 September 2018, 8:21 pm | BusinessDesk
Sept. 21 (BusinessDesk) - The New Zealand dollar is headed for a 2.2 percent weekly gain against the greenback, boosted by strong domestic growth data and a lift in global risk appetite. More >>
Judge discharges Greenpeace activists
Friday, 21 September 2018, 8:20 pm | BusinessDesk
Sept. 21 (BusinessDesk) - Convicting Greenpeace executive director Russel Norman and activist Sara Howell for interfering with a seismic survey last year would have been unfair when a fellow protestor was granted diversion for the same offence, Judge ... More >>
Property for Industry bond to pay 4.25%
Friday, 21 September 2018, 6:02 pm | BusinessDesk
Sept. 21 (BusinessDesk) - Property for Industry has fully utilised an over-subscription facility to issue $100 million of seven-year bonds. More >>
Overseas investor rules cool house price expectations
Friday, 21 September 2018, 4:37 pm | BusinessDesk
Sept. 21 (BusinessDesk) - Expectations for house price gains appear to have cooled ahead of tighter restrictions on foreign investors buying residential properties, Colliers International says. More >>
Annual migration slows as departures increase
Friday, 21 September 2018, 3:10 pm | BusinessDesk
Sept. 21 (BusinessDesk) - New Zealand's annual net migration continues to weaken from its peak last year as more people leave our shores. More >>
Boost to listed property sector likely
Friday, 21 September 2018, 2:52 pm | BusinessDesk
Sept. 21 (BusinessDesk) - The potential implications from Tax Working Group’s interim report, released yesterday, are positively balanced for the listed property sector, Forsyth Barr analysts Hayden Strickett and Jeremy Simpson suggest. More >>
Warehouse earnings fall 13% in year of 'significant change'
Friday, 21 September 2018, 1:36 pm | BusinessDesk
Sept. 21 (BusinessDesk) - Warehouse Group said its annual earnings fell 13 percent in a period of "significant change" for the business. The shares opened higher as the result was in line with guidance. More >>
Second CBL subsidiary sold
Friday, 21 September 2018, 1:34 pm | BusinessDesk
Sept. 21 (BusinessDesk) - The administrators of insurer CBL Corp have sold a second of the firm’s international subsidiaries. More >>
Auckland Airport plans to raise up to $175M in bond sale
Friday, 21 September 2018, 1:23 pm | BusinessDesk
Sept. 21 (BusinessDesk) - Auckland International Airport plans to sell up to $175 million of six-year fixed-rate bonds to institutional and retail investors as it seeks to help fund its biggest ever infrastructure spending programme. More >>
Michael Hill names new CEO
Friday, 21 September 2018, 12:44 pm | BusinessDesk
Sept. 21 (BusinessDesk) - Michael Hill International has named the head of Specialty Fashion Group as its new chief executive. More >>
NZ dollar rises on outlook for economy
Friday, 21 September 2018, 12:11 pm | BusinessDesk
Sept. 21 (BusinessDesk) - The New Zealand dollar rose for a seventh straight session on better-than-expected domestic economic growth, while a report that China is set to cut tariff rates on imports from the majority of its trading partners as soon ... More >>
Housing, inequality main concerns among NZ directors
Friday, 21 September 2018, 11:43 am | BusinessDesk
Sept. 21 (BusinessDesk) - Inadequate housing and a growing tide of inequality are top of mind for directors both at home and abroad, a Global Network of Director Institutes survey shows. More >>
MARKET CLOSE: NZ shares rise as Tourism Holdings upgraded
Thursday, 20 September 2018, 8:42 pm | BusinessDesk
Sept. 20 (BusinessDesk) - New Zealand shares edged higher as Tourism Holdings snapped a seven-day slide on a broker upgrade. Spark New Zealand was among several companies shedding rights to dividends. More >>
Tiwai Point to begin energising fourth potline
Thursday, 20 September 2018, 8:18 pm | BusinessDesk
Sept. 20 (BusinessDesk) - The Tiwai Point smelter will soon begin energising the site’s fourth potline after a six-year break. More >>
NZ dollar reaches 3-week high
Thursday, 20 September 2018, 8:16 pm | BusinessDesk
NZ dollar reaches 3-week high as stronger-than-expected 2Q GDP dents rate cut chances More >>
Fonterra steers clear of consultants
Thursday, 20 September 2018, 7:43 pm | BusinessDesk
Sept. 20 (BusinessDesk) - Fonterra Cooperative Group will not use external consultants for its newly-announced everything-on-the-table asset review, the dairy processor says. This follows allegations it paid up to $100 million a year between 2015 and ... More >>
June qtr renewables reach 37-year high
Thursday, 20 September 2018, 4:04 pm | BusinessDesk
Sept. 20 (BusinessDesk) - Strong hydro and wind generation saw 85 percent of the country’s electricity produced from renewables in the June quarter, according to government data. More >>
UPDATE: Stronger than expected growth
Thursday, 20 September 2018, 3:35 pm | BusinessDesk
Sept. 20 (BusinessDesk) - New Zealand's stronger-than-expected economic growth pared any chance of a rate cut but downside risks - particularly flagging business confidence - remain. More >>
