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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 194]
Ardern talks up trade and economic policy on return to work
Tuesday, 7 August 2018, 8:44 am | BusinessDesk
Aug. 6 (BusinessDesk) - Prime Minister Jacinda Ardern marked her return to public life by formally launching a national consultation process intended to improve public support for the pursuit of new international trade agreements and tackling head-on ... More >>
NZ CEOs shrug off wider business blues in latest KPMG survey
Tuesday, 7 August 2018, 8:42 am | BusinessDesk
Aug. 6 (BusinessDesk) - New Zealand chief executives seem more upbeat in KPMG's latest CEO Outlook Survey Report than respondents in other recent business surveys that are showing sentiment souring as firms fret over the Labour-led government. More >>
Former Evolve CEO Mark Finlay sells 11% stake for $13.1M
Monday, 6 August 2018, 8:44 pm | BusinessDesk
Aug. 6 (BusinessDesk) - Former Evolve Education chief executive Mark Finlay, who founded the Lollipops Educare Group, sold an 11 percent stake in the listed early child education group at a 14 percent premium, with the beat-up stock attracting ... More >>
MARKET CLOSE: NZ shares rise, Comvita and Fletcher gain
Monday, 6 August 2018, 8:37 pm | BusinessDesk
MARKET CLOSE: NZ shares rise, Comvita and Fletcher gain while Tourism Holdings, NZX fall By Sophie Boot More >>
NZ dollar range bound as RBA, RBNZ rate decisions loom
Monday, 6 August 2018, 8:15 pm | BusinessDesk
Aug. 6 (BusinessDesk) - The New Zealand dollar stuck to a very tight range Monday ahead of key central bank meetings both here and in Australia this week. More >>
Simplicity gets into positive cash flow after rapid rise
Monday, 6 August 2018, 6:55 pm | BusinessDesk
Aug. 6 (BusinessDesk) - Upstart fund manager Simplicity NZ has shifted into positive cash flow territory after a whirlwind two years where it's now managing more than $400 million of assets. More >>
Argosy kicks off board renewal
Monday, 6 August 2018, 6:14 pm | BusinessDesk
Aug. 6 (BusinessDesk) - Argosy Property has started renewing its board with the upcoming appointment of Scott Technology chair Stuart McLauchlan as a director. More >>
NZ commodity prices weaken further in July as dairy weighs
Monday, 6 August 2018, 4:13 pm | BusinessDesk
Aug. 6 (BusinessDesk) - New Zealand commodity prices dropped further in July, with five of the six categories weakening as global pressures continued, said ANZ Bank New Zealand. More >>
Cabinet to consider govt procurement
Monday, 6 August 2018, 3:27 pm | BusinessDesk
Aug. 6 (BusinessDesk) - Cabinet will consider whether government ministries should take a longer-term approach to construction negotiations after Ebert Construction was tipped into receivership, sparking wider concerns about cost pressures in the ... More >>
Methven shares lift 5% on China deal for shower, tapware
Monday, 6 August 2018, 3:13 pm | BusinessDesk
Aug. 6 (BusinessDesk) - Tapware designer Methven's shares lifted 5 percent after news it has inked a deal with China's Jiangsu RuiZhiShang Building Materials Company to use its shower technology in a series of key projects over the next decade. More >>
UPDATE: Wrightson shares jump 9.4%
Monday, 6 August 2018, 2:39 pm | BusinessDesk
Aug. 6 (BusinessDesk) - Shares in PGG Wrightson jumped as much as 9.4 percent after the country's largest rural services business said it had agreed to sell its seed and grain business to Danish cooperative DLF Seeds for $421 million in cash and $18 ... More >>
NZX trading activity increases in July
Monday, 6 August 2018, 1:50 pm | BusinessDesk
Aug. 6 (BusinessDesk) - NZX trading activity was busier in July from a year earlier, although with smaller values changing hands, and the stock market operator touts more than half its transactions took place on-market. More >>
Wrightson to sell seeds unit for $439M to Danish co-op
Monday, 6 August 2018, 12:38 pm | BusinessDesk
Aug. 6 (BusinessDesk) - PGG Wrightson has agreed to sell its seed and grain business to Danish cooperative DLF Seeds for $421 million in cash and $18 of debt repayment, and signalled it may return up to $292 million to its shareholders. More >>
NZ dollar whipped around as China retaliates
Monday, 6 August 2018, 11:37 am | BusinessDesk
Aug. 6 (BusinessDesk) - The New Zealand dollar was largely unchanged after getting whipped around by China's response to stiffer US tariffs and after American jobs growth was weaker than expected. More >>
MARKET CLOSE: NZ shares lift as Synlait rallies
Friday, 3 August 2018, 8:40 pm | BusinessDesk
MARKET CLOSE: NZ shares lift as Synlait rallies on A2 stake lift, Freightways, Ebos drop More >>
NZ dollar heads for 0.8% weekly fall on trade concerns
Friday, 3 August 2018, 8:15 pm | BusinessDesk
NZ dollar heads for 0.8% weekly fall on China-US trade concerns, US jobs data in By Rebecca Howard More >>
UPDATE: A2 lifts stake in Synlait at 2.3% discount
Friday, 3 August 2018, 7:57 pm | BusinessDesk
Aug. 3 (BusinessDesk) - A2 Milk will buy another 8.2 percent of Synlait Milk at a small discount, lifting its holding in the dairy processor to 17.4 percent. More >>
RBNZ's Orr to stand pat as he navigates growth-inflation
Friday, 3 August 2018, 7:29 pm | BusinessDesk
Aug. 2 (BusinessDesk) - Reserve Bank governor Adrian Orr is widely expected to keep interest rates on hold at next week's review and continue to indicate the next move could be up or down as he walks a tightrope between slowing growth and emerging inflation. More >>
No more capital raising for Moa this year
Friday, 3 August 2018, 7:26 pm | BusinessDesk
Aug. 3 (BusinessDesk) - New Zealand’s only NZX-listed boutique beer brewer, Moa Group, has no further capital needs “for the foreseeable future” and continues to see a breakeven result “on the horizon”, executive chair Geoff Ross told the ... More >>
A2 doubles stake in Synlait at 2.3% discount
Friday, 3 August 2018, 4:05 pm | BusinessDesk
Aug. 3 (BusinessDesk) - A2 Milk will buy another 8.2 percent of Synlait Milk, doubling its stake in the company. More >>
