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 170]
Briscoe hikes interim dividend for 11th year
Thursday, 20 September 2018, 3:02 pm | BusinessDesk
Briscoe Group raised its interim dividend for an 11th straight year as the retailer remains confident it can keep boosting profit and shareholder returns, despite flagging consumer confidence. More >>
Tax Working Group proposes wider scope taxing capital gains
Thursday, 20 September 2018, 2:18 pm | BusinessDesk
Sept. 20 (BusinessDesk) - A capital gains tax on the sale of investment property, businesses, shares and other assets such as farms is a step closer if the interim report of the Tax Working Group leads to firm recommendations in its final report ... More >>
NZ economy expands 1.0% in 2Q, beating expectations
Thursday, 20 September 2018, 2:11 pm | BusinessDesk
Sept. 20 (BusinessDesk) - New Zealand's economy expanded the most in two years, beating expectations and driving the New Zealand dollar to a three-week high. More >>
RBNZ independence at risk from policy committee appointment
Thursday, 20 September 2018, 1:59 pm | BusinessDesk
Sept. 20 (BusinessDesk) - Allowing the minister of finance to appoint all the members of the Reserve Bank’s monetary policy committee risks weakening perceptions of the bank’s operational independence, ASB chief economist Nick Tuffley says. More >>
Restaurant Brands 2Q sales lift 12%
Thursday, 20 September 2018, 1:03 pm | BusinessDesk
Sept. 20 (BusinessDesk) - Restaurant Brands New Zealand lifted second-quarter sales as the fast-food operator's expansion to Australia and Hawaii brought in more cash. More >>
Kiwi billionaire Stephen Jennings joins NZ Initiative board
Thursday, 20 September 2018, 12:59 pm | BusinessDesk
Sept. 20 (BusinessDesk) - Kiwi billionaire investor Stephen Jennings has joined the board of the New Zealand Initiative think-tank. More >>
NZ dollar gains as China's Li makes soothes trade fears
Thursday, 20 September 2018, 11:48 am | BusinessDesk
Sept. 20 (BusinessDesk) - The New Zealand dollar rose above 66 US cents on optimism China won't devalue its currency in a trade war with the US. More >>
Proactive monitoring needed in banking, insurance, MPs told
Wednesday, 19 September 2018, 9:25 pm | BusinessDesk
Sept. 19 (BusinessDesk) - More proactive monitoring of the country’s banking sector is needed given the lack of understanding in the community about insurance products and loans, MPs heard today. More >>
UPDATE: NZ Shareholders' Assn elevates concerns
Wednesday, 19 September 2018, 9:21 pm | BusinessDesk
Sept. 19 (BusinessDesk) - The New Zealand Shareholders' Association has elevated its concerns about dwindling confidence in capital markets to the very top - the prime minister. More >>
MARKET CLOSE: NZ shares shrug off Synlait slump
Wednesday, 19 September 2018, 8:50 pm | BusinessDesk
Sept. 19 (BusinessDesk) - New Zealand shares rose as investors shrugged off a slightly gloomier outlook for Synlait Milk and joined a global rally as the latest bout in the US-China trade war wasn't as harsh as feared. More >>
NZ dollar sticks to a tight range ahead of 2Q GDP data
Wednesday, 19 September 2018, 8:16 pm | BusinessDesk
NZ dollar sticks to a tight range ahead of 2Q GDP data By Rebecca Howard More >>
Shareholders' Assn elevates capital market concerns to PM
Wednesday, 19 September 2018, 8:10 pm | BusinessDesk
Sept. 19 (BusinessDesk) - The New Zealand Shareholders' Association has elevated its concerns about dwindling confidence in capital markets to the very top - the prime minister. More >>
High Court orders reinvestigation of Chinese steel imports
Wednesday, 19 September 2018, 7:48 pm | BusinessDesk
Sept. 19 (BusinessDesk) - Officials have been ordered to reconsider New Zealand Steel's bid to have anti-dumping duties on imposed on Chinese steel imports. More >>
Govt needs to consider ratepayer burden in 3 waters policy
Wednesday, 19 September 2018, 7:20 pm | BusinessDesk
Sept. 19 (BusinessDesk) - The government will have to consider what could be a heavy burden for ratepayers upgrading the nation's three-waters systems, and work on how to deliver that will continue into next year, Local Government Minister Nanaia Mahuta ... More >>
UPDATE: Synlait Milk almost doubles annual profit
Wednesday, 19 September 2018, 3:48 pm | BusinessDesk
Sept. 19 (BusinessDesk) - Synlait Milk, the best performing stock on the benchmark NZX index this year, almost doubled annual profit and lifted its margins while outlining plans for further expansion into value-added dairy products. More >>
Heartland needs access to wholesale funding
Wednesday, 19 September 2018, 2:33 pm | BusinessDesk
Sept. 19 (BusinessDesk) - Heartland Bank's Australian reverse mortgage business is constrained by Reserve Bank prudential rules and that's why it needs to be carved out into a separate entity, says chair Geoff Ricketts. More >>
NZ annual current account deficit widest in nine years
Wednesday, 19 September 2018, 2:24 pm | BusinessDesk
Sept. 19 (BusinessDesk) - New Zealand posted its widest annual current account deficit in nine years in the June quarter as foreign-owned firms reaped bigger income from their domestic operations than Kiwi companies did overseas. More >>
Synlait Milk almost doubles annual profit
Wednesday, 19 September 2018, 1:28 pm | BusinessDesk
Sept. 19 (BusinessDesk) - Synlait Milk, the best performing stock on the benchmark NZX index this year, almost doubled annual profit and lifted its margins while outlining plans for further expansion into value-added dairy products. More >>
Consumer confidence falls to six-year low
Wednesday, 19 September 2018, 1:03 pm | BusinessDesk
Sept. 19 (BusinessDesk) - Consumer confidence fell to a six-year low in the September quarter as New Zealand households fret about the outlook for their own finances and the general economy, according to the latest Westpac McDermott Miller survey. More >>
Near-record throughput at Marsden Point
Wednesday, 19 September 2018, 12:18 pm | BusinessDesk
Sept. 19 (BusinessDesk) - The Marsden Point oil refinery processed a near-record 7.62 million barrels of oil during the past two months. More >>
