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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 199]
Auckland Airport appoints Patrick Strange as new chair
Wednesday, 25 July 2018, 5:15 pm | BusinessDesk
Auckland International Airport has appointed Patrick Strange as its new chair effective October 31, the company said in a statement. More >>
Volpara Health adds new customers
Wednesday, 25 July 2018, 3:53 pm | BusinessDesk
July 25 (BusinessDesk) - ASX-listed Volpara Health Technologies signed 28 new customers in the three months to June 30, the most in a quarter, and saw both its total contract value and its annual recurring revenue lift. More >>
IkeGPS optimistic about FY19 after 'solid' first quarter
Wednesday, 25 July 2018, 2:34 pm | BusinessDesk
July 25 (BusinessDesk) - IkeGPS, the unprofitable laser measurement tool maker, said it had a solid first quarter and plans to "substantially accelerate" sales of its new IKE Analyze product. More >>
Tamarind opts for environmentally friendly rig
Wednesday, 25 July 2018, 2:33 pm | BusinessDesk
July 25 (BusinessDesk) - Tamarind Resources said the rig it has contracted for work at the Tui field next year is the most sophisticated of its type to operate in New Zealand waters. More >>
Trade deficit pushed to its widest level for a decade
Wednesday, 25 July 2018, 2:31 pm | BusinessDesk
July 25 (BusinessDesk) - Rising demand for imported goods has pushed New Zealand's trade balance to its widest deficit for a June year in a decade, Statistics New Zealand said. More >>
Abano Healthcare posts 16% gain in annual profit
Wednesday, 25 July 2018, 12:41 pm | BusinessDesk
July 25 (BusinessDesk) - Abano Healthcare reported a 16 percent lift in annual profit on record revenue as its dental network improved performance in both Australia and New Zealand. More >>
PGG Wrightson's FY profit to halve
Wednesday, 25 July 2018, 12:39 pm | BusinessDesk
July 25 (BusinessDesk) - PGG Wrightson said full-year profit was less than half of last year's as the rural services firm faces backdated holiday pay obligations to its staff, higher costs, and an absence of property gains. More >>
NZ dollar rises as Chinese stimulus underpins gains
Wednesday, 25 July 2018, 11:46 am | BusinessDesk
July 25 (BusinessDesk) - The New Zealand dollar followed its Australian counterpart higher as efforts by Chinese authorities to stimulate the world's second-biggest economy underpinned gains in commodity prices. More >>
MARKET CLOSE: NZ shares up on Asian rally
Tuesday, 24 July 2018, 8:35 pm | BusinessDesk
July 24 (BusinessDesk) - New Zealand shares gained as markets across Asia rallied, with Fletcher Building and Restaurant Brands advancing and Vista Group hitting a record high. More >>
NZ dollar weaker as investors fret about China slowdown
Tuesday, 24 July 2018, 8:22 pm | BusinessDesk
July 24 (BusinessDesk) - The New Zealand dollar was slightly weaker against the greenback as the ongoing devaluation in China's yuan added to concerns about a slowdown in the world's second-largest economy. More >>
Govt to appeal landmark negligence finding in Psa case
Tuesday, 24 July 2018, 8:21 pm | BusinessDesk
July 24 (BusinessDesk) - The Crown will appeal last month's High Court's decision that the government was negligent in allowing Psa, the virus which devastated the kiwifruit industry, into the country. More >>
Acting PM Peters upbeat about progress on US trade
Tuesday, 24 July 2018, 4:48 pm | BusinessDesk
July 24 (BusinessDesk) - Acting Prime Minister Winston Peters welcomed a green light from the US Congress making it easier for New Zealanders seeking to trade or invest in the world's biggest economy. More >>
UPDATE: Smiths City commits to living wage
Tuesday, 24 July 2018, 4:47 pm | BusinessDesk
UPDATE: Smiths City commits to living wage, introduces annual 'well being' day (Updates to use latest staff numbers in 1st paragraph, adds union comment in 8th, 9th paragraphs) More >>
Restrictions lift on Oceania Healthcare 57% stake Friday
Tuesday, 24 July 2018, 4:43 pm | BusinessDesk
July 24 (BusinessDesk) - A majority stake in Oceania Healthcare may come into play after the aged care and retirement village operator reports its 2018 annual result after just over a year as a publicly traded company. More >>
Australia's Linx Cargo Care to buy Pedersen Group
Tuesday, 24 July 2018, 2:53 pm | BusinessDesk
July 24 (BusinessDesk) - Sydney-based Linx Cargo Care Group is planning to buy wood processor Pedersen Group for an undisclosed amount. More >>
Smiths City commits to living wage
Tuesday, 24 July 2018, 12:28 pm | BusinessDesk
July 24 (BusinessDesk) - Smiths City Group will make sure its 591 workers are all earning at least the living wage from October and will let employees use a day of sick leave every year for their own well-being as the retailer works harder to get ... More >>
Speculation over Bank of Japan stimulus drives up bond yield
Tuesday, 24 July 2018, 11:31 am | BusinessDesk
July 24 (BusinessDesk) - The New Zealand dollar fell as mounting speculation the Bank of Japan will adjust its extraordinary stimulus programme drove up US government bond yields and as Chinese authorities added more support to lenders. More >>
MARKET CLOSE: NZ shares down on Trump threats
Monday, 23 July 2018, 8:36 pm | BusinessDesk
MARKET CLOSE: NZ shares down on Trump threats, A2 and Pushpay drop while Kathmandu rises More >>
NZ dollar gains as markets fret about Fed
Monday, 23 July 2018, 8:14 pm | BusinessDesk
July 23 (BusinessDesk) - The New Zealand dollar continued to push higher against the US dollar as President Donald Trump's criticism of the high greenback and rising interest rates raised concerns about potential political pressure being exerted on ... More >>
Tougher NZX disclosure obligations get mixed response
Monday, 23 July 2018, 7:47 pm | BusinessDesk
July 23 (BusinessDesk) - NZX's proposals to impose stiffer disclosure obligations received a mixed response, finding favour with investor groups whereas listed companies and law firms were more cautious or outright hostile to the added burden. More >>
