Scoop has an Ethical Paywall
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 17]
NZ dollar gains against pound on Brexit turmoil
Tuesday, 3 September 2019, 11:00 am | BusinessDesk
Sept. 3 (BusinessDesk) - The New Zealand dollar was higher against the British pound on the prospect of a general election in the UK if opposition lawmakers vote to try to block Brexit. More >>
RBNZ can't promise there won't be a repeat of the CBL fiasco
Tuesday, 3 September 2019, 10:57 am | BusinessDesk
Sept. 2 (BusinessDesk) - The Reserve Bank can’t promise there won’t be a repeat of the CBL fiasco in which an NZX-listed company was ordered to keep secret for months the fact that its regulator believed it was insolvent. More >>
MARKET CLOSE: NZ shares gain; yield stocks in favour
Monday, 2 September 2019, 8:51 pm | BusinessDesk
Sept. 2 (BusinessDesk) - New Zealand shares rose as the low interest rate outlook continues to add to the lustre of companies with reliable dividends such as Contact Energy and Meridian Energy. More >>
Weak NZ dollar gains respite
Monday, 2 September 2019, 8:49 pm | BusinessDesk
Sept. 2 (BusinessDesk) - The New Zealand dollar rose after surprisingly strong manufacturing data from China lifted it slightly out of the doldrums, but the prevailing sentiment remains negative. More >>
Export hydrogen an opportunity from 100% renewables
Monday, 2 September 2019, 8:19 pm | BusinessDesk
Sept. 2 (BusinessDesk) - Hydrogen will play an important role in de-carbonising the New Zealand economy, but the bigger gain could be from the development of a new export fuel industry, Energy and Resources Minister Megan Woods says. More >>
Chorus accused of using secret information in bid
Monday, 2 September 2019, 8:16 pm | BusinessDesk
Sept. 2 (BusinessDesk) - Chorus rejects a claim it used confidential information gleaned from a consultancy in bidding for government funding to extend broadband to the Marlborough Sounds. More >>
Lamb prices hit record levels in 2Q
Monday, 2 September 2019, 2:28 pm | BusinessDesk
Sept. 2 (BusinessDesk) - New Zealand’s terms of trade lifted in the second quarter as meat and dairy prices saw strong rises, with lamb prices hitting record levels. More >>
ANALYSIS: Vital investors foot the bill for ditching a dud
Monday, 2 September 2019, 12:17 pm | BusinessDesk
Sept. 2 (BusinessDesk) - Investors were mightily relieved when Vital Healthcare Property Trust’s manager announced in May that Vital wouldn’t be party to buying Healthscope properties for A$1.25 billion. More >>
Listing PPPs not as lucrative as private sale - fund manager
Monday, 2 September 2019, 12:08 pm | BusinessDesk
Sept. 2 (BusinessDesk) - Private equity buyers will offer a bigger payday than listing about $250 million of public-private partnership investments, according to the managers of the suite of assets. More >>
Analysts downgrade earnings amid deepening pessimism
Monday, 2 September 2019, 11:14 am | BusinessDesk
Sept. 2 (BusinessDesk) - Despite a solid earnings reporting season from NZX-listed companies, analysts are pulling back their forecasts for the coming year as businesses generally remain in a deep funk. More >>
Heavy industry in bid to accelerate renewable generation
Monday, 2 September 2019, 11:11 am | BusinessDesk
Sept. 2 (BusinessDesk) - A group of the country’s biggest industrial electricity users are combining to see if they can accelerate development of new renewable generation capacity. More >>
NZ dollar hovers below 63 US cents on trade war jitters
Monday, 2 September 2019, 11:08 am | BusinessDesk
Sept. 2 (BusinessDesk) - The New Zealand dollar hovered just below 63 US cents after the US and China imposed previously announced additional tariffs on Sunday, adding to fears a resolution is not on the immediate horizon. More >>
Fletcher boss tells Shareholders Assn he feels their pain
Sunday, 1 September 2019, 11:46 am | BusinessDesk
Aug. 31 (BusinessDesk) - Fletcher Building's managing director says one sign his company is on the road back to health is that he's no longer finding businesses within the group that he'd never heard of before. More >>
RESEND: MARKET CLOSE: Vista recovers
Saturday, 31 August 2019, 10:48 am | BusinessDesk
Aug. 30 (BusinessDesk) - New Zealand shares rose in heavy trading, led by Vista Group International which recovered some of yesterday’s sharp sell-off. More >>
MARKET CLOSE: Vista recovers in heavy day of trading
Friday, 30 August 2019, 8:47 pm | BusinessDesk
Aug. 30 (BusinessDesk) - New Zealand shares rose in heavy trading, led by Vista Group International which recovered some of yesterday’s sharp sell-off. More >>
NZ dollar drops below US63c for first time in four years
Friday, 30 August 2019, 8:18 pm | BusinessDesk
Aug. 30 (BusinessDesk) - The New Zealand dollar dropped below 63 US cents for the first time in almost four years as investors remain nervous that the US-China trade war and a slowing domestic economy will push interest rates lower. More >>
Building work to stay elevated with residential permits high
Friday, 30 August 2019, 4:11 pm | BusinessDesk
Aug. 30 (BusinessDesk) - Economists expect construction work will stay elevated over the next year or two as the number of new residential building permits remain at 45-year highs and may get a tailwind from cheaper finance. More >>
Landcorp pays special dividend on sale of Westland shares
Friday, 30 August 2019, 1:59 pm | BusinessDesk
Aug. 30 (BusinessDesk) - Landcorp Farming, which trades as Pamu, will pay a $5 million special dividend to the government from its gain on the sale of its Westland Dairy Cooperative Shares. More >>
NZ consumers feeling better about their own back pocket
Friday, 30 August 2019, 1:52 pm | BusinessDesk
Aug. 30 (BusinessDesk) - New Zealand consumer confidence improved in August as households were more upbeat about the state of their own finances despite being somewhat uneasy about the outlook for the wider economy. More >>
Broad South Island reach for new Timaru fuel terminal
Friday, 30 August 2019, 1:28 pm | BusinessDesk
Aug. 30 (BusinessDesk) - New Zealand’s newest fuel importer believes the terminal it is building in Timaru will be able to supply customers across most of the South Island. More >>
