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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 18]
South Port signals 40% rise in maintenance spend
Friday, 30 August 2019, 1:08 pm | BusinessDesk
Aug. 30 (BusinessDesk) - South Port New Zealand, operator of the port at Bluff, is forecasting a 40 percent increase in maintenance spending during the coming two years as it works to extend the life of its assets. More >>
NZ dollar lifts against yen; buoyed by improved US data
Friday, 30 August 2019, 11:04 am | BusinessDesk
Aug. 30 (BusinessDesk) - The New Zealand dollar gained against the Japanese yen and held around a four-year low against the greenback as investor concerns about a slowing US economy eased. More >>
MARKET CLOSE: NZ shares fall as Vista sinks
Thursday, 29 August 2019, 8:52 pm | BusinessDesk
Aug. 29 (BusinessDesk) - New Zealand shares fell, led lower by Vista Group International, which was punished for dialling back its expectations for revenue growth. More >>
NZ dollar falls as business funk deepens
Thursday, 29 August 2019, 8:21 pm | BusinessDesk
Aug. 29 (BusinessDesk) - The New Zealand dollar fell after the latest business survey showed pessimism plumbing new depths and inflation expectations continuing to fall. More >>
Countdown shifts more business online as earnings edge up
Thursday, 29 August 2019, 5:33 pm | BusinessDesk
Aug. 29 (BusinessDesk) - Woolworths' New Zealand Countdown supermarkets eked out a small gain in annual earnings as it sold a greater volume of goods at lower prices. More >>
San Francisco Fed President feels 'zero' political pressure
Thursday, 29 August 2019, 5:06 pm | BusinessDesk
Aug. 29 (BusinessDesk) - The US Federal Reserve has come under heavy fire from President Donald Trump but Mary Daly, president and chief executive officer of the Federal Reserve Bank of San Francisco, said politics are never on its agenda. More >>
TVNZ needs to treble in size to compete with global giants
Thursday, 29 August 2019, 4:33 pm | BusinessDesk
Aug. 29 (BusinessDesk) - Television New Zealand will need to be three times the size it is now if it's to fend off the likes of global online media giants Disney and Netflix, says chief executive Kevin Kenrick. More >>
Business confidence deteriorates in August
Thursday, 29 August 2019, 4:20 pm | BusinessDesk
Aug. 29 (BusinessDesk) - Business confidence tumbled further in August with employment, investment and export intentions all falling to "dismal levels," ANZ Bank said in its monthly business outlook survey. More >>
Vista shares drop 24% on downgraded annual revenue growth
Thursday, 29 August 2019, 3:22 pm | BusinessDesk
Aug. 29 (BusinessDesk) - Vista Group International downgraded expected annual revenue growth from its core Vista Cinema and Movio businesses to 14-18 percent from previous guidance of 20 percent as revenue from several large projects slips into the next ... More >>
Tilt proceeding with Waipipi wind farm
Thursday, 29 August 2019, 2:48 pm | BusinessDesk
Aug. 29 (BusinessDesk) - Tilt Renewables is proceeding with its $276 million Waipipi wind farm on the southern Taranaki coast. More >>
King Salmon invests as climate change heats fish farms
Thursday, 29 August 2019, 1:47 pm | BusinessDesk
Aug. 29 (BusinessDesk) - Rising summer sea temperatures are forcing New Zealand King Salmon to invest in new techniques to reduce farmed fish deaths that are holding back profitability even as demand for its products surges. More >>
Vista shares plunge 19% as 1H net profit falls 23%
Thursday, 29 August 2019, 1:08 pm | BusinessDesk
Aug. 29 (BusinessDesk) - Vista Group International’s first-half net profit fell 22.7 percent, owing to the demise of third-party movie ticket subscription service MoviePass, lower revenue from China, and adverse foreign exchange movements. More >>
Genesis sees another year of volatile gas supply
Thursday, 29 August 2019, 12:55 pm | BusinessDesk
Aug. 29 (BusinessDesk) - Genesis Energy is expecting gas supplies to return to normal within two to three years but warns volatility will remain next year. More >>
NZ dollar gains against UK pound on Brexit ructions
Thursday, 29 August 2019, 11:06 am | BusinessDesk
Aug. 29 (BusinessDesk) - The New Zealand dollar gained against the British pound after UK Prime Minister Boris Johnson moved to stop any bids to block a no-deal Brexit on Oct. 31. More >>
Kiwibank's shareholders green-light capital-hungry growth
Thursday, 29 August 2019, 10:26 am | BusinessDesk
Aug. 29 (BusinessDesk) - Kiwibank's owners have approved another year of continued above-market lending growth, even though that's eating further into its available capital. More >>
MARKET CLOSE: NZ shares rise; F&P Healthcare jumps
Wednesday, 28 August 2019, 9:27 pm | BusinessDesk
Aug. 28 (BusinessDesk) - New Zealand shares rose, led higher by Fisher & Paykel Healthcare on a modest increase in forecast earnings. Port of Tauranga rose as record cargo volumes underpinned its profit gain. More >>
NZ dollar falls amid uncertainty over US-China trade war
Wednesday, 28 August 2019, 8:23 pm | BusinessDesk
Aug. 28 (BusinessDesk) - The New Zealand dollar fell amid continuing negative sentiment over the US-China trade war and possibly on corporate flows, although dealers were mystified what they could be. More >>
Unfair water allocation needs urgent fix - Waitangi Tribunal
Wednesday, 28 August 2019, 8:21 pm | BusinessDesk
Aug. 28 (BusinessDesk) - The Crown has been told to urgently rectify the first-in, first-served water allocation scheme with iwi and hapu allocations at a catchment level, as part of an overhaul of laws governing freshwater use that have consistently ... More >>
Parker blocks West Coast hydro proposal
Wednesday, 28 August 2019, 8:19 pm | BusinessDesk
Aug. 28 (BusinessDesk) - A 20-megawatt hydro scheme on the West Coast has been blocked by Environment Minister David Parker due to its impact on the pristine and outstanding nature of the Morgan Gorge. More >>
F&P Healthcare shares jump 5.2% as weak kiwi prompts upgrade
Wednesday, 28 August 2019, 5:42 pm | BusinessDesk
Aug. 28 (BusinessDesk) - Fisher & Paykel Healthcare shares jumped 5.2 percent after the breathing mask respirator maker lifted its earnings outlook as a weaker kiwi dollar boosted the value of its predominantly export sales. More >>
