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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 196]
Employment law critic Kim Campbell to step down from EMA
Wednesday, 1 August 2018, 4:50 pm | BusinessDesk
Aug. 1 (BusinessDesk) - Kim Campbell will leave the Employers and Manufacturers' Association at the lobby group's November annual meeting, removing a vocal critic of the government's plans for employment law reform at a time when a working group ... More >>
NZ farmer confidence falls to weakest level in 6 years
Wednesday, 1 August 2018, 3:56 pm | BusinessDesk
Aug. 1 (BusinessDesk) - New Zealand farmer confidence has fallen to the lowest level in six years amid uncertainty over government policies. More >>
Heartland Bank plans corporate restructure, ASX listing
Wednesday, 1 August 2018, 3:14 pm | BusinessDesk
Aug. 1 (BusinessDesk) - Heartland Bank is planning a corporate restructure and a listing on the Australian securities exchange which it says will help it grow. More >>
Ebert Construction tipped into receivership
Wednesday, 1 August 2018, 3:13 pm | BusinessDesk
Aug. 1 (BusinessDesk) - Ebert Construction is the latest local building firm to fall over in the midst of a major boom, with receivers appointed to the parent company as escalating costs in some poorly performing projects in Auckland would have added ... More >>
Wage inflation still missing in action
Wednesday, 1 August 2018, 2:07 pm | BusinessDesk
Aug. 1 (BusinessDesk) - New Zealand's jobless rate inched higher in the June quarter and wage inflation remained tepid, however, growing pressure from strike action across different sectors could spur an eventual lift. More >>
Pushpay says first quarter revenue within guidance
Wednesday, 1 August 2018, 2:05 pm | BusinessDesk
Aug. 1 (BusinessDesk) - Pushpay Holdings, the mobile payments app developer, delivered first-quarter revenue within guidance and has reshuffled its senior management after another abrupt executive exit. More >>
NZ dollar falls
Wednesday, 1 August 2018, 11:48 am | BusinessDesk
Aug. 1 (BusinessDesk) - The New Zealand dollar fell as investors weighed up reports the White House is trying to restart talks with China in an effort to quell heightening trade tensions with the world's second-biggest economy. More >>
Lower value properties selling faster
Wednesday, 1 August 2018, 9:32 am | BusinessDesk
Aug 1 (BusinessDesk) - New Zealand house values eased in the past three months as lower value, more affordable properties sold at a faster rate, due to continued demand from first home buyers, according to Quotable Value. More >>
MARKET CLOSE: NZ shares gain, Freightways and Sky TV rise
Tuesday, 31 July 2018, 8:55 pm | BusinessDesk
July 31 (BusinessDesk) - New Zealand shares gained, led higher by Freightways and Sky Network Television as the market remains quiet ahead of earnings season. More >>
Dollar rises against yen after BoJ makes no drastic changes
Tuesday, 31 July 2018, 8:54 pm | BusinessDesk
July 31 (BusinessDesk) - The New Zealand dollar rose against the yen after the Bank of Japan made minor policy tweaks rather than any drastic changes. More >>
Air NZ chair Tony Carter to retire in Sept 2019
Tuesday, 31 July 2018, 8:05 pm | BusinessDesk
Air NZ chair Tony Carter to retire in Sept 2019, making way for Therese Walsh By Rebecca Howard More >>
Green Cross says govt will need to pay more
Tuesday, 31 July 2018, 8:04 pm | BusinessDesk
Green Cross says govt will need to pay more for community health after pay legislation More >>
Craggy Range Vineyards gets green light to expand from OIO
Tuesday, 31 July 2018, 8:03 pm | BusinessDesk
July 31 (BusinessDesk) - Craggy Range Vineyards has been given a green light to buy 132 hectares of land in the Wairarapa for $3.6 million. More >>
Court of Appeal widens defamation defence
Tuesday, 31 July 2018, 8:02 pm | BusinessDesk
July 31 (BusinessDesk) - The Court of Appeal has widened the qualified privilege defence to defamation to cover material in the public interest, beyond previous restrictions to coverage of politics, in a finding on a case relating to Māori TV from 2015. More >>
Economy risks stalling as business confidence falls
Tuesday, 31 July 2018, 4:23 pm | BusinessDesk
July 31 (BusinessDesk) - New Zealand business confidence reached a 10-year low in July, with headline confidence and firm's views of their own prospects dropping. More >>
Westland Milk to review ownership
Tuesday, 31 July 2018, 3:25 pm | BusinessDesk
July 31 (BusinessDesk) - Westland Milk Products, whose payments to its cooperative shareholders have lagged behind rivals, may change its ownership structure as it looks at ways to improve returns. More >>
National consultation on definitions of 'well-being'
Tuesday, 31 July 2018, 3:16 pm | BusinessDesk
July 31 (BusinessDesk) - The government's policy of making measures of national well-being as important as traditional economic growth indicators took another step forward with the launch of a formal consultation process by the national statistics ... More >>
NZ residential building consents fall 7.6% in June
Tuesday, 31 July 2018, 2:32 pm | BusinessDesk
July 31 (BusinessDesk) - New Zealand residential building consents fell 7.6 percent in June after rising 6.9 percent in May when they were driven by a strong lift in residential building consents in Auckland. More >>
Telco company 2Degrees increases its debt capacity
Tuesday, 31 July 2018, 2:05 pm | BusinessDesk
July 31 (BusinessDesk) - New Zealand telecommunications operator 2Degrees is adding $50 million in senior debt capacity to its balance sheet as it refinances an existing $200 million debt facility and bumps it up to $250 million, according to the company's ... More >>
Evolve Education warns of lower 2019 earnings
Tuesday, 31 July 2018, 1:34 pm | BusinessDesk
July 31 (BusinessDesk) - Evolve Education Group expects its 2019 annual earnings will be $3 million to $5 million lower and said it continues to see takeover interest. Its shares dropped 7.8 percent. More >>
