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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 172]
Trade, Treaty obligations to fore in plant variety review
Monday, 17 September 2018, 5:42 pm | BusinessDesk
Sept. 17 (BusinessDesk) - A review of intellectual property protection for new plant varieties will grapple with requirements of trade agreements and recommendations the Waitangi Tribunal has made on Māori guardianship. More >>
Strong incentive to complete Tilt takeover
Monday, 17 September 2018, 5:40 pm | BusinessDesk
Sept. 17 (BusinessDesk) - Infratil and Mercury NZ have a strong incentive to increase their stake in Tilt Renewables to 90 percent but may only raise their offer for the business if there is strong resistance from minority holders, an independent review ... More >>
Taita fatal assault – Police seeking further information
Monday, 17 September 2018, 5:23 pm | BusinessDesk
Police are continuing to investigate the fatal assault that occurred in Taita on Friday 14 September. More >>
Former PM Shipley accused of reckless trading
Monday, 17 September 2018, 3:57 pm | BusinessDesk
Sept. 17 (BusinessDesk) - Former Prime Minister Jenny Shipley and husband Burton were in court for the opening day of the high-profile case against Mainzeal's former directors. More >>
Nelson Airport earnings jump on strong passenger growth
Monday, 17 September 2018, 3:36 pm | BusinessDesk
Sept. 17 (BusinessDesk) - Nelson Airport reported a 12 percent increase in full-year net profit on continued passenger growth and an increase in work through the aircraft maintenance business Air New Zealand operates there. More >>
NZ services sector slows in August
Monday, 17 September 2018, 3:07 pm | BusinessDesk
Sept. 17 (BusinessDesk) - Activity in New Zealand's services sector, which accounts for about two-thirds of the economy, slowed below its long-term average in August. More >>
Property for Industry to diversify funding base
Monday, 17 September 2018, 12:57 pm | BusinessDesk
Sept. 17 (BusinessDesk) - Property for Industry wants to diversify its funding base with the sale of up to $100 million of bonds. More >>
Aurora faces court action for network reliability breaches
Monday, 17 September 2018, 12:48 pm | BusinessDesk
Sept. 17 (BusinessDesk) - Aurora Energy faces court action after breaching its reliability standards for two years running. More >>
NZ dollar starts week on backfoot
Monday, 17 September 2018, 11:40 am | BusinessDesk
Sept. 17 (BusinessDesk) - The New Zealand dollar started the week on the backfoot after reports that US President Donald Trump will proceed with tougher trade barriers on Chinese products bolstered demand for the greenback. More >>
Ardern reasserts coalition leadership; strokes Peters
Sunday, 16 September 2018, 4:18 pm | BusinessDesk
Sept. 16 (BusinessDesk) - Prime Minister Jacinda Ardern has used an invitation-only political rally involving all three government parties to reassert both her leadership and to re-establish the government's political agenda after a fractious few weeks ... More >>
NZ crane activity hits record amid construction boom
Saturday, 15 September 2018, 1:37 pm | BusinessDesk
Sept. 15 (BusinessDesk) - New Zealand has a record number of cranes operating across city skylines as the country experiences a construction boom, according to the latest RLB Crane Index. More >>
Meridian axes 'unjustifiable' prompt payment discounts
Friday, 14 September 2018, 9:09 pm | BusinessDesk
Sept. 14 (BusinessDesk) - Meridian Energy has axed "unjustifiable" prompt payment discounts, effectively cutting its power prices to all customers by the 10-to-16 percent discount it has traditionally offered to those who pay their electricity ... More >>
Fletcher invests tens of millions on prefab housing factory
Friday, 14 September 2018, 8:55 pm | BusinessDesk
Sept. 14 (BusinessDesk) - Fletcher Building plans to invest "tens of millions" of dollars in a 'panelised' housing plant in South Auckland to coincide with the KiwiBuild programme's call for the establishment of new prefabricated housing capacity. More >>
MARKET CLOSE: NZ shares gain
Friday, 14 September 2018, 8:52 pm | BusinessDesk
MARKET CLOSE: NZ shares gain as thaw in US-China trade relations boosts optimism; Pushpay rises on upgrade More >>
NZ dollar headed for 0.8% weekly gain
Friday, 14 September 2018, 8:17 pm | BusinessDesk
NZ dollar headed for 0.8% weekly gain as fears of trade war ease By Rebecca Howard More >>
Messara recommends against listing TAB
Friday, 14 September 2018, 8:11 pm | BusinessDesk
Sept. 14 (BusinessDesk) - Australian racing expert John Messara considered privatising and listing the TAB but didn't recommend it given the lack of appetite among ministers and the wider industry. More >>
Strong June qtr GDP growth should quell rate cut risk
Friday, 14 September 2018, 7:46 pm | BusinessDesk
Sept. 14 (BusinessDesk) - Strong economic growth should calm expectations for a possible rate cut this year. More >>
Former Summerset chief Barlow to head Heritage Lifecare
Friday, 14 September 2018, 6:41 pm | BusinessDesk
Sept. 14 (BusinessDesk) - Former Summerset Group chief executive Norah Barlow will return to the domestic aged care sector in November to head mid-market player Heritage Lifecare. More >>
Renewables, market power may force electricity change
Friday, 14 September 2018, 6:12 pm | BusinessDesk
Sept. 14 (BusinessDesk) - New Zealand may have to consider changing its wholesale electricity market as increasing volumes of solar and wind energy make it harder to fund traditional large-scale generation, an Auckland academic says. More >>
Southern Cross sinks into the red
Friday, 14 September 2018, 6:10 pm | BusinessDesk
Sept. 14 (BusinessDesk) - Not-for-profit health insurer Southern Cross Medical Care Society posted an annual deficit as a rising number of claims for specialist procedures and prescriptions outpaced higher premiums from a bigger customer base. More >>
