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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 200]
The Warehouse cuts up to 140 jobs in restructure
Monday, 23 July 2018, 6:34 pm | BusinessDesk
July 23 (BusinessDesk) - Warehouse Group will cut between 120 and 140 full-time jobs across its flagship 'red shed' stores in a restructure. More >>
Trustpower supports intent of emissions target
Monday, 23 July 2018, 5:48 pm | BusinessDesk
Trustpower supports intent of emissions target but calls for careful consideration of impacts By Rebecca Howard More >>
NZ govt to consider imposing mānuka honey export criteria
Monday, 23 July 2018, 12:49 pm | BusinessDesk
July 23 (BusinessDesk) - The Ministry for Primary Industries wants feedback on whether the honey produced and sold in New Zealand should meet similar requirements to exported mānuka honey given some of the domestic supply ends up overseas. More >>
NZ dollar gains as Trump bemoans strong greenback
Monday, 23 July 2018, 11:40 am | BusinessDesk
July 23 (BusinessDesk) - The New Zealand dollar gained as US President complained about the greenback's recent strength and rising US interest rates at a time when his administration is engaged in a trade war with China. More >>
MARKET CLOSE: NZ shares up, led by Fisher & Paykel
Friday, 20 July 2018, 8:36 pm | BusinessDesk
July 20 (BusinessDesk) - New Zealand shares gained, turning around from recent weakness, with Fisher & Paykel Healthcare Corp and Ryman Healthcare leading stocks higher. More >>
NZ dollar heads for 0.1% weekly fall with jittery markets
Friday, 20 July 2018, 8:27 pm | BusinessDesk
July 20 (BusinessDesk) - The New Zealand dollar is heading for a 0.1 percent weekly fall against the greenback as China allowed the yuan to fall further, adding to jitters that the US-China trade skirmish could weigh on Chinese growth. More >>
Xero quits developing in-house US payroll product
Friday, 20 July 2018, 7:35 pm | BusinessDesk
Xero quits developing in-house US payroll product, signs up with Gusto By Paul McBeth More >>
Horticultural groups seek flexibility in zero emissions plan
Friday, 20 July 2018, 2:58 pm | BusinessDesk
July 20 (BusinessDesk) - Both rural lobby group Federated Farmers and Horticulture New Zealand, which represents commercial vegetable, fruit and berry fruit growers, have asked the government for flexibility in the Zero Carbon Bill, the government’s ... More >>
Hawaiki Submarine Cable begins commercial operations
Friday, 20 July 2018, 2:21 pm | BusinessDesk
July 20 (BusinessDesk) - Hawaiki Submarine Cable has begun commercial operations for its 15,000 km fibre optic deep-sea cable linking Australia, New Zealand, the Pacific and the United States. More >>
Net migration falls in June, remains historically high
Friday, 20 July 2018, 2:07 pm | BusinessDesk
July 20 (BusinessDesk) - New Zealand's annual net migration dropped in June as fewer foreigners arrived and more Kiwis left, but remains high. More >>
Commerce Commission files proceedings against Wilson Parking
Friday, 20 July 2018, 1:37 pm | BusinessDesk
July 20 (BusinessDesk) - The Commerce Commission has filed proceedings against Wilson Parking, alleging New Zealand’s biggest parking company substantially lessened competition for the supply of car parking in the Boulcott Street area in central ... More >>
SeaDragon's funding transaction unfair
Friday, 20 July 2018, 1:05 pm | BusinessDesk
July 20 (BusinessDesk) - SeaDragon's proposed funding transaction is not fair to non-associated shareholders but the positives outweigh the negatives given the position in the company is in, according to independent advisers Campbell MacPherson. More >>
Morningstar cuts earnings forecast for Z Energy
Friday, 20 July 2018, 12:34 pm | BusinessDesk
July 20 (BusinessDesk) - Morningstar Research lowered its fiscal 2019 earnings per share forecast but kept its hold rating on Z Energy after the country’s biggest fuel retailer downgraded its profit outlook amid a longer-than-anticipated shutdown ... More >>
NZ dollar falls amid fears about slowing Chinese growth
Friday, 20 July 2018, 11:39 am | BusinessDesk
July 20 (BusinessDesk) - The New Zealand dollar fell as growing fears of a slowing Chinese economy pushed down metal prices and weighed on currencies of nations producing raw materials. More >>
MARKET CLOSE: NZ shares down, led lower by A2 and Z
Thursday, 19 July 2018, 8:46 pm | BusinessDesk
July 19 (BusinessDesk) - New Zealand shares dropped, led lower by A2 Milk Co and Z Energy, while Trustpower and Summerset gained. More >>
NZ dollar falls against Aussie on strong jobs data
Thursday, 19 July 2018, 8:26 pm | BusinessDesk
July 19 (BusinessDesk) - The New Zealand dollar fell against its Australian counterpart after stronger-than-expected jobs data across the Tasman indicated growing momentum in the labour market. More >>
CORRECT: LIC's FY net profit tumbles on one-offs
Thursday, 19 July 2018, 4:08 pm | BusinessDesk
July 19 (BusinessDesk) - Livestock Improvement Corp, the dairy herd genetics cooperative, reported a 55 percent drop in full-year net profit on higher restructuring costs but was upbeat about the current year as those costs will no longer be incurred. More >>
LIC's FY net profit tumbles on one-offs
Thursday, 19 July 2018, 1:54 pm | BusinessDesk
July 19 (BusinessDesk) - Livestock Improvement Corp, the dairy herd genetics cooperative, reported a 55 percent drop in full-year net profit on higher restructuring costs but was upbeat about the current year as those costs will no longer be incurred. More >>
Fitch Ratings tips downgrade for Co-op Insurance NZ
Thursday, 19 July 2018, 1:10 pm | BusinessDesk
July 19 (BusinessDesk) - Fitch Ratings flagged a downgrade for New Zealand-based Credit Union Insurance Ltd, trading as Co-op Insurance NZ, citing uncertainty about the proposed sale of the company's entire business book to Provident Insurance Corporation. More >>
Farm sales and prices ease on year June
Thursday, 19 July 2018, 12:58 pm | BusinessDesk
July 19 (BusinessDesk) - Farm sales fell 7 percent on the year in the three months to June and the median price per hectare was down 16.3 percent although horticulture farm prices continued to push higher, according to the Real Estate Institute. More >>
