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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 182]
NZ dollar gets a lift from US-Mexico deal
Tuesday, 28 August 2018, 11:21 am | BusinessDesk
Aug. 28 (BusinessDesk) - The New Zealand dollar was higher against the greenback as risk appetite was buoyed by news the US and Mexico had agreed to a trade deal, with Canada set to rejoin the talks later in the global trading day. More >>
MARKET CLOSE: NZ shares hit record; Synlait, a2 gain
Monday, 27 August 2018, 8:33 pm | BusinessDesk
MARKET CLOSE: NZ shares hit record; Synlait, a2 gain while Sky TV, Z Energy drop More >>
NZ dollar steady as market digests PBOC moves, Powell speech
Monday, 27 August 2018, 8:32 pm | BusinessDesk
Aug. 27 (BusinessDesk) - The New Zealand dollar was little changed as investors digest efforts by the People's Bank of China to arrest the slide in the yuan and Federal Reserve chair Jerome Powell's latest speech More >>
Exploration ban sapping overseas interest in NZ - NZOG
Monday, 27 August 2018, 6:47 pm | BusinessDesk
Aug. 27 (BusinessDesk) - The government’s decision to stop issuing offshore exploration permits has convinced many overseas investors that the country is closed for business, New Zealand Oil & Gas says. More >>
KiwiRail pay hike favours lowest paid workers
Monday, 27 August 2018, 6:45 pm | BusinessDesk
Aug. 27 (BusinessDesk) - KiwiRail Holdings will increase pay for 2,319 Rail and Maritime Transport Union members by the same amount, meaning the lowest paid get the biggest increase. More >>
Metlifecare reports stronger underlying profit in 2018
Monday, 27 August 2018, 4:25 pm | BusinessDesk
Aug. 27 (BusinessDesk) - Metlifecare, New Zealand's second-largest listed retirement village operator, reported a stronger underlying profit on improved revenue in 2018, though its headline profit weakened as its property portfolio made smaller revaluation ... More >>
Twyford sets sights on 'making life better for renters'
Monday, 27 August 2018, 1:38 pm | BusinessDesk
Aug. 27 (BusinessDesk) - Housing Minister Phil Twyford wants to make "life better for renters" by making it harder for landlords to evict tenants without cause and imposing restrictions on how often rents can be raised. More >>
Chorus slows customer loss as annual profit falls 24%
Monday, 27 August 2018, 1:05 pm | BusinessDesk
Aug. 27 (BusinessDesk) - Chorus profit fell 24 percent as the telecommunications network operator slowed the number of customers switching to different providers or technologies in an increasingly competitive market. More >>
Michael Hill profit sinks 86% on US exit
Monday, 27 August 2018, 1:04 pm | BusinessDesk
Michael Hill profit sinks 86% on US exit, Emma & Roe closure costs By Rebecca Howard More >>
Z Energy invests $46M for control of Flick Electric
Monday, 27 August 2018, 11:50 am | BusinessDesk
Z Energy has agreed to acquire a 70 percent stake in spot-based electricity retailer Flick Energy as part of its strategic investment in alternative fuels and mobility. More >>
Powell seen taking cautious approach to rate hikes
Monday, 27 August 2018, 11:49 am | BusinessDesk
Aug. 27 (BusinessDesk) - The New Zealand dollar rose as Federal Reserve chair Jerome Powell indicated the central bank won't raise interest rates too aggressively for fear of stifling economic growth and as inflation there remains in check. More >>
MARKET CLOSE: NZ shares up, led by NZ Refining
Friday, 24 August 2018, 8:47 pm | BusinessDesk
MARKET CLOSE: NZ shares up, led by NZ Refining and Port of Tauranga; Sky TV falls on writedown More >>
NZ dollar loses momentum vs Aussie as Morrison wins PM vote
Friday, 24 August 2018, 8:20 pm | BusinessDesk
Aug. 24 (BusinessDesk) - The New Zealand dollar is heading for a 0.7 percent gain against the Australian dollar, losing some momentum after Scott Morrison won the caucus vote to be prime minister. More >>
Ardern sacks Curran from Cabinet over second diary flip-flop
Friday, 24 August 2018, 8:19 pm | BusinessDesk
Aug. 24 (BusinessDesk) - Prime Minister Jacinda Ardern has sacked Clare Curran from Cabinet, stripping her of the government digital services and open government roles after she again failed to declare a meeting when answering MPs' written questions. More >>
Infratil tips earnings at top of guidance range
Friday, 24 August 2018, 8:04 pm | BusinessDesk
Aug. 24 (BusinessDesk) - Infrastructure investor Infratil sees earnings in the current financial year "bouncing around the top end of guidance," chief executive Marko Bogoievski told the company's annual meeting in Wellington. More >>
NZ Windfarms forfeits tax losses on Vector departure
Friday, 24 August 2018, 8:03 pm | BusinessDesk
Aug. 24 (BusinessDesk) - NZ Windfarms has reported a $14.7 million net loss after the departure of Vector as a major shareholder caused the company to forfeit more than $58 million of historic tax losses. More >>
KiwiRail loss widens in 2018 on further writedowns
Friday, 24 August 2018, 7:17 pm | BusinessDesk
Aug. 24 (BusinessDesk) - KiwiRail, the state-owned rail and freight operator, widened its loss in 2018 with further writedowns to its rail network, even as revenue and underlying earnings gained. More >>
Shrinking home ownership will change SME lending: Kiwibank
Friday, 24 August 2018, 7:12 pm | BusinessDesk
Aug. 24 (BusinessDesk) - Shrinking home ownership and different ways of doing business will change the way banks lend to small and medium-sized enterprises, says Kiwibank chief executive Steve Jurkovich. More >>
Tilt hires Cameron Partners, Rothschild to advise
Friday, 24 August 2018, 6:43 pm | BusinessDesk
Aug. 24 (BusinessDesk) - Tilt Renewables has hired Cameron Partners and Rothschild & Co to advise it on the Infratil-led $208.5 million takeover offer for the business. More >>
Z Energy accepts $25M of over-subscriptions
Friday, 24 August 2018, 6:41 pm | BusinessDesk
Aug. 24 (BusinessDesk) - Z Energy, New Zealand’s biggest fuel retailer, accepted $25 million of over-subscriptions in its latest bond offer. More >>
