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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 205]
Seeka to sell 9 orchards including 6 recently acquired
Tuesday, 10 July 2018, 12:41 pm | BusinessDesk
July 10 (BusinessDesk) - Seeka, New Zealand's biggest kiwifruit grower, is putting nine orchards up for sale including six it recently acquired from T&G Global in a deal that targeted T&G's packhouse facilities and assets in Northland. More >>
Steel & Tube was struggling in irrigation market
Tuesday, 10 July 2018, 12:40 pm | BusinessDesk
July 9 (BusinessDesk) - Steel & Tube Holdings' new chief executive Mark Malpass says the company paid too much enter the irrigation sector, struggled to compete against bigger rivals and ended up writing off its investment to return focus to its core ... More >>
ERoad sales growth slows in first quarter
Tuesday, 10 July 2018, 12:36 pm | BusinessDesk
July 10 (BusinessDesk) - ERoad registered slower first-quarter growth than anticipated as prospective buyers put off their purchasing decisions across Australasia and in North America, after a period of rapid expansion in the US. More >>
Summerset says first-half underlying profit rose up to 26%
Tuesday, 10 July 2018, 12:16 pm | BusinessDesk
July 10 (BusinessDesk) - Summerset Group said first-half profit rose as much as 26 percent as stronger development margins made up for a lower volume of new sales. More >>
NZ Institute of Forestry proposes new national forest policy
Tuesday, 10 July 2018, 12:11 pm | BusinessDesk
July 10 (BusinessDesk) - The New Zealand Institute of Forestry proposed the introduction of a new national policy for the industry at the sector’s annual conference in an effort to help the government “develop sound long-term strategies for forestry ... More >>
NZ dollar rises to 2-week high vs pound
Tuesday, 10 July 2018, 11:49 am | BusinessDesk
July 10 (BusinessDesk) - The New Zealand dollar rose against the British pound to the highest level in almost two weeks after UK Foreign Secretary Boris Johnson became the latest minister to resign from Theresa May's Conservative government over her ... More >>
MARKET CLOSE: NZ shares drop
Monday, 9 July 2018, 8:39 pm | BusinessDesk
MARKET CLOSE: NZ shares drop, Sky TV and Tourism Holdings fall, Pushpay gains By Sophie Boot More >>
NZ dollar gains vs pound
Monday, 9 July 2018, 8:27 pm | BusinessDesk
NZ dollar gains vs pound as UK PM May's leadership back in the spotlight More >>
NZ banknotes staying in circulation longer than expected
Monday, 9 July 2018, 3:12 pm | BusinessDesk
July 9 (BusinessDesk) - New Zealand's newest banknotes, known as the Series 7, are taking longer to fully replace the earlier Series 6 notes as the national currency is staying in circulation for more time than anticipated. More >>
Kiwi online spending grew 13% to $3.6 billion last year
Monday, 9 July 2018, 3:11 pm | BusinessDesk
July 9 (BusinessDesk) - New Zealanders spent $3.6 billion online in 2017, an increase of 13 percent over the previous year, as shoppers in the Gisborne region recorded the fastest growth, while those in Taranaki proved the biggest spenders per transaction, ... More >>
Gentrack raises $52.4 million in discounted share offer
Monday, 9 July 2018, 1:42 pm | BusinessDesk
Gentrack raises $52.4 million in discounted share offer to institutional investors By Margreet Dietz More >>
TIL Logistics issues profit warning amid rising fuel costs
Monday, 9 July 2018, 12:40 pm | BusinessDesk
July 9 (BusinessDesk) - TIL Logistics Group, the trucking and logistics company that went public with a reverse listing on the NZX last December, warned full-year earnings will fall short of expectations because of rising fuel costs as well as road closures ... More >>
Commission wants to retain power to regulate mobile roaming
Monday, 9 July 2018, 12:29 pm | BusinessDesk
July 9 (BusinessDesk) - The Commerce Commission intends to retain the power to regulate national mobile roaming, which helps operators expand coverage beyond their own physical networks. More >>
Start of US-China trade sanctions weigh on greenback
Monday, 9 July 2018, 11:41 am | BusinessDesk
July 9 (BusinessDesk) - The New Zealand dollar held on to its gains of late last week as trade sanctions kicked in between the world's two biggest economies, the US and China, sapping demand for the greenback. More >>
MARKET CLOSE: NZ stock index rises to record
Friday, 6 July 2018, 9:13 pm | BusinessDesk
MARKET CLOSE: NZ stock index rises to record; Fletcher Building, Sky TV rise while Scales, NZX drop More >>
NZ dollar heading for 0.6% weekly gain
Friday, 6 July 2018, 8:08 pm | BusinessDesk
NZ dollar heading for 0.6% weekly gain; US tariffs and jobs data in focus More >>
NZ defence strategy notes China's human rights record
Friday, 6 July 2018, 7:29 pm | BusinessDesk
NZ defence strategy notes China's human rights record but Minister Mark not worried about causing offence By Rebecca Howard More >>
RBNZ anticipates banks will need deeper capital stocks
Friday, 6 July 2018, 4:12 pm | BusinessDesk
July 6 (BusinessDesk) - The Reserve Bank expects big lenders who have been allowed to use their own models to measure their risk exposure will need to dig a little deeper if it goes ahead with plans to introduce a standardised reporting regime. More >>
Governor Orr draws on Tāne-mahuta to tell RBNZ's new story
Friday, 6 July 2018, 3:49 pm | BusinessDesk
July 6 (BusinessDesk) - There is a new broom at the head of New Zealand's central bank, and he's planning to shift the mindset of the institution towards better embracing the rich cultural diversity of the country. More >>
Seeka shares drop as First NZ begins coverage
Friday, 6 July 2018, 2:45 pm | BusinessDesk
July 6 (BusinessDesk) - Broking firm First NZ Capital began coverage of Seeka, New Zealand's top grower of kiwifruit, with a ‘neutral’ recommendation, as a positive earnings outlook offsets key risks including the company’s high debt, horticultural ... More >>
