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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 178]
Twyford eyes higher health standards for rentals
Tuesday, 4 September 2018, 7:29 pm | BusinessDesk
Sept. 4 (BusinessDesk) - Housing Minister Phil Twyford may lift the minimum health standards for rental properties, which could force landlords to shell out for adequate heating, insulation and ventilation. More >>
Tilt Renewables' independent directors say bid too low
Tuesday, 4 September 2018, 7:28 pm | BusinessDesk
Sept. 4 (BusinessDesk) - Tilt Renewables' independent directors are recommending shareholders reject the $208.5 million Infratil-led takeover offer for the business, saying it is "simply too low". More >>
Methane needs special ETS rules
Tuesday, 4 September 2018, 6:55 pm | BusinessDesk
Sept. 4 (BusinessDesk) - The Productivity Commission's final report on achieving a low carbon economy makes concrete recommendations on how to treat methane under the Emissions Trading Scheme, says the ETS should be administered by a new, independent ... More >>
Methven yet to receive substantial shareholder notice
Tuesday, 4 September 2018, 6:33 pm | BusinessDesk
Methven yet to receive substantial shareholder notice as buyer pays premium for 6.4% stake More >>
OMV: Shell's offshore NZ assets keep local programme viable
Tuesday, 4 September 2018, 5:25 pm | BusinessDesk
Sept. 4 (BusinessDesk) - OMV says its purchase of Shell’s offshore assets in New Zealand will help the enlarged group maintain a sufficient exploration and development programme to keep its local activities viable. More >>
Rural Equities to sell 2 farms, look at other asset classes
Tuesday, 4 September 2018, 5:21 pm | BusinessDesk
Sept. 4 (BusinessDesk) - Rural Equities, the farming group majority-owned by the Cushing family, has agreed to sell two of its farms and continues to eye other investments outside New Zealand rural property. More >>
Vodafone NZ annual profit falls 16%
Tuesday, 4 September 2018, 2:06 pm | BusinessDesk
Sept. 4 (BusinessDesk) - Vodafone New Zealand reported a 16 percent slide in annual profit as the country's biggest mobile carrier's margins were squeezed by more expensive handsets and content costs, and a bigger wage bill. More >>
Mobile roaming regulation promotes competition, ComCom says
Tuesday, 4 September 2018, 12:53 pm | BusinessDesk
Sept. 4 (BusinessDesk) - The Commerce Commission will keep the power to regulate the mobile roaming market, which it says provides a backstop to keep commercial arrangements in check. More >>
NZ new vehicle sales hit a high for August
Tuesday, 4 September 2018, 12:30 pm | BusinessDesk
Sept. 4 (BusinessDesk) - New Zealand new vehicle sales reached a record in August, keeping volumes on track to hit their highest ever level this year. More >>
Trees, EVs and new farming methods crucial
Tuesday, 4 September 2018, 12:14 pm | BusinessDesk
Sept. 4 (BusinessDesk) - A rapid transition to electric vehicles, sustained tree-planting on a scale seen only once before, and major changes to farming methods are the key to New Zealand meeting its obligations to the global pact on climate change, the ... More >>
Westpac rate hike puts RBA review in spotlight
Tuesday, 4 September 2018, 11:29 am | BusinessDesk
Sept. 4 (BusinessDesk) - The New Zealand dollar fell against its trans-Tasman counterpart ahead of today's Reserve Bank of Australia policy review which will attract close scrutiny after Westpac Banking Corp's out-of-cycle rate hike. More >>
MARKET CLOSE: NZ shares fall from recent highs
Monday, 3 September 2018, 8:55 pm | BusinessDesk
MARKET CLOSE: NZ shares fall from recent highs, led lower by Fisher & Paykel on earnings downgrade More >>
Weak domestic, China data weigh on kiwi
Monday, 3 September 2018, 8:53 pm | BusinessDesk
Sept. 3 (BusinessDesk) - Weaker than expected terms of trade and a Chinese survey suggesting the Asian economy remained under pressure in August kept the kiwi capped against the greenback in local trading. More >>
Trade Me takes 16% stake in Sharesies for $4M
Monday, 3 September 2018, 7:39 pm | BusinessDesk
Sept. 3 (BusinessDesk) - Trade Me paid $4 million to become the biggest shareholder in start-up fund distribution platform Sharesies, which it sees as opening up "big revenue pools". More >>
NZ intelligence agencies get tick of approval
Monday, 3 September 2018, 6:17 pm | BusinessDesk
Sept. 3 (BusinessDesk) - Former public servants Sandi Beatie and Geoff Dangerfield gave an upbeat assessment of the New Zealand Intelligence Community in the follow-up review to the agencies' 2014 performance improvement framework. More >>
F&P Healthcare downgrade creates uncertainty for investors
Monday, 3 September 2018, 3:52 pm | BusinessDesk
Sept. 3 (BusinessDesk) - The S&P/NZX 50 index fell in early trading as a profit warning by Fisher & Paykel Healthcare introduced new uncertainties for investors. More >>
NZ's terms of trade lifts 0.6% in June quarter
Monday, 3 September 2018, 2:15 pm | BusinessDesk
Sept. 3 (BusinessDesk) - New Zealand's merchandise trade rose in the June quarter, bolstered by stronger dairy and record meat prices, but fell short of expectations. More >>
Summerset to offer up to $100M of 7-year bonds
Monday, 3 September 2018, 1:26 pm | BusinessDesk
Sept. 3 (BusinessDesk) - Summerset Group plans to sell up to $100 million of seven-year, fixed-rate bonds as the retirement village operator and developer cuts it reliance on bank debt. More >>
A2 welcomes China's new ecommerce laws
Monday, 3 September 2018, 1:19 pm | BusinessDesk
Sept. 3 (BusinessDesk) - A2 Milk Co says it welcomes new e-commerce law in China, as it awaits further information. More >>
NZ dollar near 2-week low
Monday, 3 September 2018, 11:41 am | BusinessDesk
Sept. 3 (BusinessDesk) - The New Zealand dollar traded near a two-week low as US President Donald Trump reverted to his hard-line stance on trade as North American Free Trade Agreement talks and a review into Chinese tariffs come to a close. More >>
