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BusinessDesk - Latest News [Page 173]

First NZ lifts Fonterra Fund to neutral

Friday, 14 September 2018, 2:52 pm | BusinessDesk

Sept. 14 (BusinessDesk) - First New Zealand Capital lifted its rating on the Fonterra Shareholders' Fund to 'neutral' from 'underperform' and said the first signs of a change in approach look encouraging. More >>

Renaissance optimistic about foray into digital classifieds

Friday, 14 September 2018, 2:26 pm | BusinessDesk

Sept. 14 (BusinessDesk) - Boutique investor Renaissance Asset Management says the bargain price it paid to increase its stake in NZME doesn't reflect the potential of its burgeoning digital classified ads business. More >>

NZ sheep & beef farm profits forecast to slip

Friday, 14 September 2018, 2:17 pm | BusinessDesk

Sept. 14 (BusinessDesk) - New Zealand sheep and beef farm profits are expected to decline in the coming year as higher spending outweighs a lift in revenue from the products they sell. More >>

NZ manufacturing activity recovers in August

Friday, 14 September 2018, 2:11 pm | BusinessDesk

New Zealand's manufacturing activity grew at a faster pace in August as increased demand from the construction industry underpinned a pick-up in production and new orders. More >>

NZ dollar gains capped as Trump keeps pressure on China

Friday, 14 September 2018, 11:45 am | BusinessDesk

Sept. 14 (BusinessDesk) - The New Zealand dollar's gains were capped overnight as US President Donald Trump talked down reports he was seeking to settle a trade dispute with China and said the Asian nation remained "under pressure" to reach a deal. More >>

Trans-Tasman Resources still mulling possible appeal

Thursday, 13 September 2018, 9:07 pm | BusinessDesk

Sept. 13 (BusinessDesk) - Trans-Tasman Resources has not yet decided to appeal a High Court ruling that quashed its marine consent for an offshore iron sands project, executive chair Alan Eggers told BusinessDesk. More >>

MARKET CLOSE: NZ shares join Asia rally on trade optimism

Thursday, 13 September 2018, 8:45 pm | BusinessDesk

Sept. 13 (BusinessDesk) - New Zealand shares rose, joining a regional rally on optimism over US-China trade relations. Fonterra Cooperative Group's first annual loss dominated local headlines. More >>

NZ dollar falls against Aussie on strong jobs data

Thursday, 13 September 2018, 8:12 pm | BusinessDesk

Sept. 13 (BusinessDesk) - The New Zealand dollar fell against its Australian counterpart after strong jobs data across the Tasman provided some tentative signs of wage inflation. More >>

Fonterra ponders Beingmate future

Thursday, 13 September 2018, 7:57 pm | BusinessDesk

Sept. 13 (BusinessDesk) - Fonterra is looking at whether it should get rid of its disastrous Beingmate investment as part of an ‘everything up for grabs’ strategic review. More >>

Contact posts biggest customer loss in seven years

Thursday, 13 September 2018, 7:41 pm | BusinessDesk

Sept. 13 (BusinessDesk) - Contact Energy posted its biggest customer loss in seven years last month after its contract with a major commercial client came to an end. More >>

Outperforming NZX needs to lift its global profile

Thursday, 13 September 2018, 6:18 pm | BusinessDesk

Sept. 13 (BusinessDesk) - NZX chief executive Mark Peterson says the exchange can't rely solely on its record-breaking performance this year to build its international profile. More >>

Monitoring extended to fishing industry minnows next year

Thursday, 13 September 2018, 5:20 pm | BusinessDesk

Sept. 13 (BusinessDesk) - Fisheries Minister Stuart Nash wants New Zealand's entire commercial fleet reporting their catch and position under the digital monitoring system by the end of next year. More >>

Endeavour Fund backs 69 research projects with $249 million

Thursday, 13 September 2018, 3:17 pm | BusinessDesk

Sept. 13 (BusinessDesk) - Science projects ranging from ways to make New Zealand more resilient to climate change to developing superconductor computer processors are among 69 new research initiatives funded through this year's $249 million Endeavour ... More >>

NZ food prices fall in August

Thursday, 13 September 2018, 2:06 pm | BusinessDesk

Sept. 13 (BusinessDesk) - New Zealand's food prices fell in August as good growing conditions brought down the price of broccoli. More >>

Mild winter spurred more August house sales, REINZ says

Thursday, 13 September 2018, 1:43 pm | BusinessDesk

Sept. 13 (BusinessDesk) - New Zealand house sales were spurred by a mild winter chill in August across most of the nation, the Real Estate Institute says. More >>

UPDATE: Fonterra swings to FY net loss

Thursday, 13 September 2018, 1:06 pm | BusinessDesk

Sept. 13 (BusinessDesk) - Fonterra Cooperative Group said it is taking stock of its business, prioritising a return on capital and aiming to set realistic forecasts as it looks to turn the business around after a disappointing full-year loss that ... More >>