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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 197]
Serko lifts guidance range for 2019 revenue
Tuesday, 31 July 2018, 12:55 pm | BusinessDesk
July 31 (BusinessDesk) - Serko, the online travel booking software developer, has lifted its 2019 revenue expectation slightly due to a planned extension of its partnership with Flight Centre Travel Group. More >>
Contact Energy sells Rockgas LPG business for $260M
Tuesday, 31 July 2018, 12:33 pm | BusinessDesk
July 31 (BusinessDesk) - Contact Energy is selling its Rockgas LPG business to gas network operator Gas Services NZ Midco for $260 million, which it will use to pay down debt. More >>
Dollar gains as investors prepare for Bank of Japan tweaks
Tuesday, 31 July 2018, 11:53 am | BusinessDesk
July 31 (BusinessDesk) - The New Zealand dollar rose as investors look ahead to the Bank of Japan meeting where they expect governor Haruhiko Kuroda to amend the extraordinary stimulus policy in a week dominated by central bank reviews. More >>
MARKET CLOSE: NZ shares down, Kathmandu, Synlait drop
Monday, 30 July 2018, 8:46 pm | BusinessDesk
July 30 (BusinessDesk) - New Zealand shares dropped, giving up gains from Friday, with Kathmandu Holdings and Synlait Milk leading the index lower. More >>
NZ dollar treads water, but 'short squeeze' possible
Monday, 30 July 2018, 8:45 pm | BusinessDesk
July 30 (BusinessDesk) - The New Zealand dollar tread water as financial markets await a raft of events, including several central bank announcements, US data and local employment data. More >>
MyFarm's $17.6m hop offer targets global craft beer boom
Monday, 30 July 2018, 6:30 pm | BusinessDesk
July 30 (BusinessDesk) - MyFarm Investments, New Zealand's largest rural investment syndicator, has launched a $17.6 million investment fund offering investors exposure to increasingly sought-after Kiwi hops used in both local and international craft ... More >>
Economists see unemployment holding steady
Monday, 30 July 2018, 5:10 pm | BusinessDesk
Economists see unemployment holding steady but some say wage inflation may be emerging By Rebecca Howard More >>
New home construction on a slower but longer growth path
Monday, 30 July 2018, 4:16 pm | BusinessDesk
July 30 (BusinessDesk) - The rate of new home construction is forecast to rise more slowly between now and 2020 than was expected a year ago, although the 2018 National Construction Pipeline Report expects new building consents to break the record set ... More >>
Comvita touted as potential bidder for Manuka Health company
Monday, 30 July 2018, 4:14 pm | BusinessDesk
July 30 (BusinessDesk) - Comvita, the NZX-listed manuka honey company, declined to comment on whether it is interested in making a bid for honey company Manuka Health New Zealand which has reportedly been put up for sale by its Australian owner Pacific ... More >>
US fund takes small stake in diagnostics firm Pacific Edge
Monday, 30 July 2018, 2:45 pm | BusinessDesk
July 30 (BusinessDesk) - Pacific Edge said Manchester Management Company, a US privately owned fund specialising in biotech and life sciences investments, will take a 1.7 percent stake in the company, reflecting growing international investor interest. More >>
NZX trades rise in first half but IPOs, listings plunge
Monday, 30 July 2018, 1:04 pm | BusinessDesk
July 30 (BusinessDesk) - NZX saw more trades in the first half of 2018 though new listings dropped off significantly, as the company works on its five-year strategy to recapture enthusiasm in the market. More >>
Gentrack raises $26M from retail investors
Monday, 30 July 2018, 12:27 pm | BusinessDesk
July 30 (BusinessDesk) - Gentrack Group said it raised about $25.8 million in a stock offer to retail investors, in the second part of a two-stage share sale aimed at raising funds to repay debt used for a recent flurry of acquisitions. More >>
NZ dollar treads water after US economy soars
Monday, 30 July 2018, 12:17 pm | BusinessDesk
July 30 (BusinessDesk) - The New Zealand dollar remained in a tight range as US data showed the world's biggest economy grew at its fastest pace in almost four years, just short of expectations, while investors prepare for a series of central bank ... More >>
MARKET CLOSE: NZ shares up, Pushpay rebounds from selling
Friday, 27 July 2018, 8:39 pm | BusinessDesk
July 27 (BusinessDesk) - New Zealand shares gained in light trading, led higher by Pushpay Holdings and Synlait Milk. More >>
NZ dollar headed for 0.4% weekly fall
Friday, 27 July 2018, 8:38 pm | BusinessDesk
NZ dollar headed for 0.4% weekly fall but rangebound ahead of US GDP data More >>
Falling kiwi dollar boosts KiwiSaver fund returns
Friday, 27 July 2018, 6:25 pm | BusinessDesk
July 27 (BusinessDesk) - KiwiSaver funds across the board showed an "impressive" returns in the six months to June 30, research firm Morningstar says in its quarterly review of KiwiSaver funds performance and growth, boosted by higher returns from ... More >>
Datacom FY net profit slides on higher expenses
Friday, 27 July 2018, 5:26 pm | BusinessDesk
July 27 (BusinessDesk) - Datacom Group reported a 46 percent slide in net profit as stronger revenue growth was offset by higher expenses. More >>
Construction demand strong but growth hampered by capacity
Friday, 27 July 2018, 4:25 pm | BusinessDesk
July 27 (BusinessDesk) - New Zealand's construction sector is in a period of strong demand, underpinned by an expanding population and tourism activity, but growth is hampered by capacity and financing constraints, according to a report on industry ... More >>
First NZ Capital lifts Oceania Healthcare
Friday, 27 July 2018, 3:56 pm | BusinessDesk
July 27 (BusinessDesk) - First New Zealand Capital lifted its rating on Oceania Healthcare to 'outperform' from 'neutral' after the aged care company announced an updated development pipeline and better embedded value growth. More >>
NZ log market getting 'nervy' over US-China trade stoush
Friday, 27 July 2018, 3:08 pm | BusinessDesk
July 27 (BusinessDesk) - New Zealand's booming export log market is starting to catch the jitters as concerns mount about the impact of US President Donald Trump’s trade war. More >>
