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 179]
MARKET CLOSE: NZ shares fall today, led lower by Sky TV
Friday, 31 August 2018, 8:38 pm | BusinessDesk
MARKET CLOSE: NZ shares fall today, led lower by Sky TV and Tourism Holdings, but gain 4.4 percent in August More >>
NZ dollar heads for 0.7% weekly fall
Friday, 31 August 2018, 8:25 pm | BusinessDesk
Aug. 31 (BusinessDesk) - The New Zealand dollar is headed for a 0.7 percent weekly fall against the greenback as global risk appetite wanes and the chances of a domestic rate cut grow. More >>
Tourism Holdings' campervan maker cleared to expand
Friday, 31 August 2018, 8:04 pm | BusinessDesk
Aug. 31 (BusinessDesk) - Tourism Holdings’ campervan manufacturing business has been cleared to acquire a new site to expand its operations in Hamilton. More >>
Auckland light rail step closer
Friday, 31 August 2018, 6:09 pm | BusinessDesk
Aug. 31 (BusinessDesk) - A huge Canadian fund manager says it will bring considerable practical expertise (as well as funding) to the multi-billion dollar Auckland light rail project, if it is chosen as the preferred supplier. More >>
Cooks Global Foods sees increased earnings, US expansion
Friday, 31 August 2018, 5:28 pm | BusinessDesk
Aug. 31 (BusinessDesk) - Cooks Global Foods, which owns the master franchise rights for the Esquires Coffee chain outside New Zealand and Australia, says its planned $19 million purchase of Mojo Coffee Cartel will boost its earnings and expand its ... More >>
Infrastructure, spectrum sharing may be key to 5G roll-out
Friday, 31 August 2018, 5:24 pm | BusinessDesk
Aug. 31 (BusinessDesk) - Sharing infrastructure may be important in improving the economics of 5G mobile services and speeding its take up across the country, the Commerce Commission says. More >>
Robotics Plus appoints Matt Glenn as CEO
Friday, 31 August 2018, 3:37 pm | BusinessDesk
Aug. 31 (BusinessDesk) - Robotics Plus appointed Matt Glenn as chief executive amid growing demand for its robotics and automation solutions for agricultural businesses. More >>
Consumer confidence holds up in August
Friday, 31 August 2018, 1:49 pm | BusinessDesk
Aug. 31 (BusinessDesk) - Consumer confidence held up in August as households remain relatively upbeat about current conditions but are still cautious about the outlook. More >>
Warehouse Group lifts FY guidance
Friday, 31 August 2018, 12:12 pm | BusinessDesk
Aug. 31 (BusinessDesk) - Warehouse Group now expects its full-year adjusted net profit to be approximately 10 percent higher than it previously forecast and announced plans for a $25.6 million impairment of goodwill related to Torpedo7 as it expands into ... More >>
Fonterra cuts 2019 forecast 25 cts
Friday, 31 August 2018, 11:59 am | BusinessDesk
Aug. 31 (BusinessDesk) - Fonterra Cooperative Group has cut its forecast payout to farmers by 25 cents per kilogram of milk solids, blaming increased supply in Europe and the Americas, and appetite for dairy products in emerging markets cooling. More >>
NZ dollar under pressure as emerging markets spook investors
Friday, 31 August 2018, 11:43 am | BusinessDesk
Aug. 31 (BusinessDesk) - The New Zealand dollar remained under pressure as fears over emerging markets such as Argentina weighed on global investor sentiment, adding to local gloom where businesses are increasingly pessimistic. More >>
Meka Whaitiri stood down pending probe into staffing issue
Friday, 31 August 2018, 8:31 am | BusinessDesk
Aug. 30 (BusinessDesk) - Customs Minister Meka Whaitiri has stood aside from her portfolios while Ministerial Services investigates a staffing issue in her office. More >>
MARKET CLOSE: NZ shares drop as Sky TV, NZX fall
Thursday, 30 August 2018, 8:41 pm | BusinessDesk
Aug. 30 (BusinessDesk) - New Zealand shares dropped from yesterday's record, led lower by Sky Network Television and NZX. Vector and Chorus gained. More >>
NZ dollar falls 0.8% as business pessimism deepens
Thursday, 30 August 2018, 8:19 pm | BusinessDesk
Aug. 30 (BusinessDesk) - The New Zealand dollar fell 0.8 percent against the greenback after weak business confidence data added to the view the central bank could opt to cut rates. More >>
UPDATE: Vector acquires contractor Vircom
Thursday, 30 August 2018, 8:17 pm | BusinessDesk
Aug. 30 (BusinessDesk) - Vector has agreed to buy Vircom Energy Management Services to help maintain a national service for residential and commercial smart meters. More >>
Wellington Drive limps on, fails to get into the black
Thursday, 30 August 2018, 6:23 pm | BusinessDesk
The company, which started life as a market-darling developer of energy-efficient motors, and has since expanded into areas as diverse as the internet of things (IoT) and retail food and beverage, reported a net loss of $200,000 for the half-year ended ... More >>
Methane emission cuts of one-fifth required
Thursday, 30 August 2018, 6:21 pm | BusinessDesk
Aug. 30 (BusinessDesk) - New Zealand needs to cut its methane emissions by about one-fifth from 2016 levels if it's to meet the Paris climate change commitments, according to new research prepared for the Parliamentary Commissioner for the Environment. More >>
S&P downgrades AMP's life insurance, bank over misconduct
Thursday, 30 August 2018, 4:42 pm | BusinessDesk
Aug. 30 (BusinessDesk) - S&P Global Ratings cut AMP's life insurance credit rating and said it has a dim view of the group's creditworthiness after revelations from Australia's Royal Commission into misconduct in the financial services sector. More >>
NZ businesses 'spooked' as 50% expect worse conditions
Thursday, 30 August 2018, 4:26 pm | BusinessDesk
Aug. 30 (BusinessDesk) - New Zealand business confidence dropped further in August as headline confidence weakened while firms' views of their own prospects stabilised. More >>
Vector acquires contractor Vircom
Thursday, 30 August 2018, 4:19 pm | BusinessDesk
Aug. 30 (BusinessDesk) - Vector has agreed to buy Vircom Energy Management Services to help maintain a national service for residential and commercial smart meters. More >>
