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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 187]
Countdown sees faster price deflation in 4th qtr
Monday, 20 August 2018, 3:29 pm | BusinessDesk
Aug. 20 (BusinessDesk) - Woolworths Group's Countdown chain of supermarkets in New Zealand says grocery prices fell at an even faster pace in the fourth quarter, although growing demand for online sales helped boost annual revenue. More >>
Nib NZ's earnings +3.8% as it focuses on innovation
Monday, 20 August 2018, 3:14 pm | BusinessDesk
Aug. 20 (BusinessDesk) - Nib Holdings New Zealand reported a 3.8 percent lift in earnings as it stepped up its focus on innovation and customer experience but the outlook for both New Zealand and Australia was guarded. More >>
NZ pipfruit industry heading for a record 2018 crop
Monday, 20 August 2018, 3:12 pm | BusinessDesk
Aug. 20 (BusinessDesk) - New Zealand's pipfruit industry is headed for a record crop this year as it benefits from favourable growing weather, low Northern Hemisphere stocks, market changes, premium varieties, and a weaker New Zealand dollar, according ... More >>
Z Energy to raise up to $125M in bond offer
Monday, 20 August 2018, 3:02 pm | BusinessDesk
Aug. 20 (BusinessDesk) - Z Energy will raise as much as $125 million through a new six-year bond offer paying at least 4 percent a year, which it will use to refinance $150 million of debt that matured last week. More >>
Lack of FMA oversight lets investigations drag on
Monday, 20 August 2018, 12:17 pm | BusinessDesk
Aug. 20 (BusinessDesk) - Limited oversight of the Financial Markets Authority has let the watchdog drag its heels on investigations into listed company failures such as CBL Corp and Wynyard Group, New Zealand Shareholders' Association chair John Hawkins ... More >>
Robertson targets missing million in upcoming review
Monday, 20 August 2018, 12:16 pm | BusinessDesk
Aug. 20 (BusinessDesk) - Finance Minister Grant Robertson says next year's review of the KiwiSaver default providers will look at ways to attract the remaining million Kiwis not in the state-sponsored scheme, but he's reluctant to make it compulsory. More >>
China trade talks bolster investor confidence
Monday, 20 August 2018, 11:52 am | BusinessDesk
Aug. 20 (BusinessDesk) - The New Zealand dollar may extend gains as the prospect of US and China returning to the negotiating table soothed investors who were unsure whether a full-blown trade war would erupt. More >>
Fonterra ownership structure 'not on the table'
Saturday, 18 August 2018, 5:15 pm | BusinessDesk
Aug. 18 (BusinessDesk) - Fonterra Cooperative Group won’t be changing its ownership structure, but is keen on bringing on partners to fund future projects, says director Scott St John. More >>
MARKET CLOSE: NZ shares gain as investors take stock
Friday, 17 August 2018, 8:41 pm | BusinessDesk
MARKET CLOSE: NZ shares gain as investors take stock in earnings season; Skellerup hits new highs More >>
NZ heading for 0.2% weekly gain as risk appetite improves
Friday, 17 August 2018, 8:26 pm | BusinessDesk
Aug. 17 (BusinessDesk) - The New Zealand dollar is headed for a 0.2 percent weekly gain against the greenback, benefiting from an uptick in risk appetite, but demand remains capped by the possibility of a domestic rate cut should growth fail to fire. More >>
Get politics out of infrastructure investment: Jones
Friday, 17 August 2018, 7:54 pm | BusinessDesk
Aug. 17 (BusinessDesk) - An independent infrastructure agency the government hopes to have operating late next year may help take the politics out of development decisions, Infrastructure Minister Shane Jones says. More >>
Steel fabricator NDA back in the black
Friday, 17 August 2018, 7:09 pm | BusinessDesk
Aug. 17 (BusinessDesk) - Kiwi steel fabrication firm NDA Group returned to profit in 2017 as a recovery in its key markets and an expanding footprint at home and abroad underpinned a 52 percent increase in sales. More >>
Brilliance International fined $540k over steel mesh
Friday, 17 August 2018, 6:45 pm | BusinessDesk
Aug. 17 (BusinessDesk) - Brilliance International has been fined $540,000 after pleading guilty to breaking fair trading law by claiming steel mesh met standards that it actually did not. More >>
Invocare expands its NZ funeral business
Friday, 17 August 2018, 6:44 pm | BusinessDesk
Aug. 17 (BusinessDesk) - Invocare, New Zealand's largest funeral company, has been expanding its reach across the country, with three new funeral homes purchased in the past three months, adding an extra $12 million to the firm's annual revenue. More >>
Action needed to boost EV take-up - Drive Electric
Friday, 17 August 2018, 3:27 pm | BusinessDesk
Aug. 17 (BusinessDesk) - The government needs to be acting now if it is to sustain take-up of electric vehicles as part of its emissions reduction strategy, industry lobby group Drive Electric says. More >>
Tourism Holdings CFO Davis on medical leave until next month
Friday, 17 August 2018, 2:57 pm | BusinessDesk
Aug. 17 (BusinessDesk) - Tourism Holdings chief financial officer Mark Davis is on medical leave until next month and will miss an already delayed annual results announcement. More >>
Higher fuel prices squeeze producer margins in 2nd quarter
Friday, 17 August 2018, 2:45 pm | BusinessDesk
Aug. 17 (BusinessDesk) - Higher fuel prices continued to squeeze margins in the second quarter as the prices paid by producers lifted more than the prices they obtained for their goods. More >>
Open up budget bids to NGOs ProdCom says
Friday, 17 August 2018, 2:40 pm | BusinessDesk
Aug. 16 (BusinessDesk) - The government should let community organisations and private firms bid directly to the Treasury to offer programmes likely to deliver a significant impact, the Productivity Commission says. More >>
NZ wool market starts new season on 'weak note'
Friday, 17 August 2018, 2:35 pm | BusinessDesk
Aug. 17 (BusinessDesk) - The New Zealand wool market started the new season on "a very weak note" due to concerns about US tariffs on Chinese products, according to AgriHQ's latest monthly report on the sheep & beef sector. More >>
NZ dollar fails to break above 66 US cts
Friday, 17 August 2018, 11:46 am | BusinessDesk
Aug. 17 (BusinessDesk) - The New Zealand dollar failed to break above 66 US cents as fears over trade tensions between China and the US were allayed by the prospect of talks later this month. More >>
