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 192]
FMA pours big effort into culture and conduct review
Thursday, 9 August 2018, 3:53 pm | BusinessDesk
Aug. 9 (BusinessDesk) - The Financial Markets Authority's joint review of culture and conduct in the banking and insurance sectors with the Reserve Bank is taking up a lot of the regulator's time as it works towards filing an October report. More >>
Fonterra securities halted from trading
Thursday, 9 August 2018, 3:28 pm | BusinessDesk
Aug. 9 (BusinessDesk) - Fonterra Cooperative Group's 2018 earnings may differ from its previous guidance, the country's dominant dairy company said today. Its securities trading on the NZX and ASX have been halted while it crunches the numbers, with an ... More >>
Stewart Sherriff to step down as 2Degrees CEO
Thursday, 9 August 2018, 3:09 pm | BusinessDesk
Aug. 9 (BusinessDesk) - A three month emergency stint that became a five year gig is coming to end for Stewart Sherriff, the chief executive of challenger telecommunications provider 2Degrees. More >>
Suncorp wary of NZ govt's reform programme
Thursday, 9 August 2018, 2:45 pm | BusinessDesk
Aug. 9 (BusinessDesk) - Suncorp Group has a close eye on a "significant" New Zealand regulatory reform programme overseen by a more active administration, despite 70 percent annual earnings growth driven largely by higher premium and unit growth. More >>
T&G Global lifts first-half operating profit 40%
Thursday, 9 August 2018, 1:25 pm | BusinessDesk
T&G Global lifts first-half operating profit 40% on improvements in pipfruit, international produce More >>
Spark expects to build 5G network with existing capex
Thursday, 9 August 2018, 1:23 pm | BusinessDesk
Aug. 9 (BusinessDesk) - Spark New Zealand expects to upgrade to a fifth-generation mobile network within its current capital spending and wants to divert funds into that programme as soon as it has spectrum. More >>
UPDATE: No interest rate change before 2020
Thursday, 9 August 2018, 12:51 pm | BusinessDesk
Aug. 9 (BusinessDesk) - Reserve Bank governor Adrian Orr kept the official cash rate at 1.75 percent as widely expected but said he now expects to keep rates on hold for at least a year longer than previously thought and reiterated the next move ... More >>
Hallenstein Glasson annual profit rises about 58%
Thursday, 9 August 2018, 12:34 pm | BusinessDesk
Aug. 9 (BusinessDesk) - Hallenstein Glasson Holdings says annual profit rose about 58 percent, outpacing sales growth and after the clothing chain sold its Storm brand. More >>
NZX continues initiatives to revive market activity
Thursday, 9 August 2018, 12:32 pm | BusinessDesk
Aug. 9 (BusinessDesk) - NZX's rolling maul of initiatives to reinvigorate its core market business will take another step in October, ditching a fixed fee for every transaction and introducing minimum crossing thresholds on the bourse. More >>
No interest rate change before 2020, says RBNZ's Orr
Thursday, 9 August 2018, 12:29 pm | BusinessDesk
Aug. 9 (BusinessDesk) - Reserve Bank governor Adrian Orr kept the official cash rate at 1.75 percent as widely expected but said he now expects to keep rates on hold for at least a year longer than previously thought and reiterated the next move could ... More >>
NZ dollar treads water ahead of RBNZ review
Thursday, 9 August 2018, 11:28 am | BusinessDesk
Aug. 9 (BusinessDesk) - The New Zealand dollar was largely unchanged ahead of today's Reserve Bank policy review where governor Adrian Orr is expected to keep the benchmark rate on hold and affirm a flat future track More >>
MARKET CLOSE: NZ shares drop as Pushpay weakens further
Wednesday, 8 August 2018, 8:36 pm | BusinessDesk
Aug. 8 (BusinessDesk) - New Zealand shares fell, led lower by Pushpay Holdings' continued weakness, while Skycity Entertainment Group gained on its strong annual results. More >>
NZD higher on inflation expectations but market waiting
Wednesday, 8 August 2018, 8:34 pm | BusinessDesk
Aug. 8 (BusinessDesk) - The New Zealand dollar rose against the greenback when inflation expectations were a tad stronger but was largely rangebound as investors await tomorrow's central bank rate decision and monetary policy statement. More >>
Govt to reduce post-study work rights in stages
Wednesday, 8 August 2018, 7:19 pm | BusinessDesk
Aug. 8 (BusinessDesk) - The government will cut post-study work rights for international students, in an attempt to attract people studying higher-quality courses with skills the country needs. More >>
NZ inflation expectations edge higher in September quarter
Wednesday, 8 August 2018, 7:17 pm | BusinessDesk
Aug. 8 (BusinessDesk) - New Zealand businesses see a slightly faster pace of inflation in the coming year but expectations remain anchored around the middle of the central bank's target range, adding to the view the official cash rate will stay on hold ... More >>
Union praises ANZ's bonus changes, pushes other banks
Wednesday, 8 August 2018, 6:54 pm | BusinessDesk
Aug. 8 (BusinessDesk) - First Union, which represents 1,000 ANZ Bank New Zealand staff, says the bank's move to cut frontline retail sales incentives is a "major move in the right direction", though changes from other banks may be some time ... More >>
Upbeat opening to earnings season contradicts surveys
Wednesday, 8 August 2018, 6:30 pm | BusinessDesk
Aug. 8 (BusinessDesk) - Earnings season has kicked off in New Zealand and so far business leaders seem to back up Finance Minister Grant Robertson, who downplayed faltering confidence in a speech today. More >>
A2 Milk shares rated both 'outperform' and 'sell'
Wednesday, 8 August 2018, 6:29 pm | BusinessDesk
Aug. 8 (BusinessDesk) - Views on the outlook for The a2 Milk Company, the best performing stock on the S&P/NZX 50 Index last year, are widely divergent with one broking house this week reinstating an 'outperform' rating based on its potential for future ... More >>
UPDATE: SkyCity beats annual earnings forecast
Wednesday, 8 August 2018, 2:18 pm | BusinessDesk
Aug. 8 (BusinessDesk) - SkyCity Entertainment Group increased full-year earnings more than forecast as its high-roller business recovered and its flagship Auckland casino improved. It expects "modest growth" in earnings in the current financial ... More >>
ASB profit climbs 12% on higher interest earnings
Wednesday, 8 August 2018, 2:17 pm | BusinessDesk
ASB profit climbs 12% on higher interest earnings as Australian parent resets strategy By Sophie Boot More >>
