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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 208]
A2, Synlait agree to extend infant formula supply deal
Tuesday, 3 July 2018, 12:56 pm | BusinessDesk
July 3 (BusinessDesk) - Dairy marketer A2 Milk and milk processor Synlait Milk have agreed to extend their infant formula supply deal and increase the volume of formula Synlait will supply as the two continue to focus on sales in the lucrative Chinese ... More >>
NZ new vehicle sales drop in June
Tuesday, 3 July 2018, 12:42 pm | BusinessDesk
July 3 (BusinessDesk) - New car sales dropped in June, as demand for commercial and passenger cars slid from the hot pace of the same period a year earlier amid slowing economic growth, a weakening currency and rising fuel prices, though the ... More >>
NZ dollar drops to 2-year low on trade tensions
Tuesday, 3 July 2018, 12:13 pm | BusinessDesk
July 3 (BusinessDesk) - The New Zealand dollar fell to a two-year low on escalating global trade tensions and signs of instability in Germany's coalition government that sapped risk sentiment and boosted demand for safe-haven currencies such as the ... More >>
HBRC sells almost $20m of work on Ruataniwha for $100,000
Monday, 2 July 2018, 10:02 pm | BusinessDesk
July 2 (BusinessDesk) - Three Hawkes Bay businessmen have acquired rights to almost $27 million of local and central government-funded research and development work on the Ruataniwha Water Storage Scheme for $100,000, gaining access to long-life ... More >>
Traders put on US$1.2 bln of bets shorting kiwi dollar
Monday, 2 July 2018, 8:57 pm | BusinessDesk
Traders put on US$1.2 bln of bets shorting kiwi dollar, may have the opposite effect More >>
MARKET CLOSE: NZ shares down as Fonterra Fund, Trade Me drop
Monday, 2 July 2018, 8:54 pm | BusinessDesk
MARKET CLOSE: NZ shares down as Fonterra Fund, Trade Me drop while Ebos Group hits record More >>
NZ dollar holds gains as traders await US data
Monday, 2 July 2018, 8:24 pm | BusinessDesk
NZ dollar holds gains as traders await US data, tariffs; 10-yr swaps hit 18-mth low More >>
Mercer refinances BNZ loan through to Sep 2019
Monday, 2 July 2018, 7:57 pm | BusinessDesk
Mercer refinances BNZ loan through to Sep 2019 after warning of covenant breach; shares fall More >>
NZNO recommends nurses take revised offer
Monday, 2 July 2018, 7:21 pm | BusinessDesk
July 2 (BusinessDesk) - The New Zealand Nurses Organisation's negotiating team is recommending nurses accept a revised offer from District Health Boards they say meets key issues and equitably values the whole nursing and midwifery team. More >>
Market cheered by Mexican election outcome, peso strengthens
Monday, 2 July 2018, 6:22 pm | BusinessDesk
July 2 (BusinessDesk) - The Mexican peso strengthened across the board in Asian trading after Mexican exit polls showed left-wing leader Andres Manuel Lopez Obrador winning Sunday’s presidential vote. More >>
Ebos shares hit record, ASX-listed Sigma plunges
Monday, 2 July 2018, 4:08 pm | BusinessDesk
July 2 (BusinessDesk) - Ebos Group rose as much as 8.6 percent, touching a record, after the Kiwi pharmaceutical and animal health products maker poached a distribution deal with Australia's Chemist Warehouse which could bring in A$1 billion of revenue ... More >>
Foodstuffs South Island aims to drive down costs
Monday, 2 July 2018, 2:48 pm | BusinessDesk
July 2 (BusinessDesk) - Foodstuffs South Island, part of the group of two cooperatives that constitute New Zealand's biggest supermarket operator, aims to drive down its costs amid a slowing economy, using data of its shoppers’ needs gathered through ... More >>
Ebos deal with Chemist Warehouse could boost revenue
Monday, 2 July 2018, 1:30 pm | BusinessDesk
July 2 (BusinessDesk) - Ebos Group, the pharmaceutical and animal health products maker, says it's won a bid for a distribution deal with Australia's Chemist Warehouse which could bring in A$1 billion of revenue in the first year. More >>
Bao Xiufei appointed new GM of Beingmate
Monday, 2 July 2018, 1:13 pm | BusinessDesk
July 2 (BusinessDesk) - Fonterra Cooperative Group says it welcomes the appointment of Bao Xiufei as general manager of Beingmate Baby & Child Food. More >>
Steel & Tube gains waiver from lenders
Monday, 2 July 2018, 1:01 pm | BusinessDesk
July 2 (BusinessDesk) - Steel & Tube Holdings said it has obtained a waiver from its banks after writedowns and impairments put it in breach of at least one lending covenant. More >>
Spark NZ appoints Anastasiou and Bain
Monday, 2 July 2018, 12:56 pm | BusinessDesk
July 2 (BusinessDesk) - Spark New Zealand, the country's biggest telecommunications company, said it appointed Melissa Anastasiou to its so-called leadership squad, effective immediately, while it also hired Matt Bain, who starts as marketing director, ... More >>
NZ dollar rises from 2-year low
Monday, 2 July 2018, 11:55 am | BusinessDesk
July 2 (BusinessDesk) - The New Zealand dollar rose from a two-year low after European Union leaders announced restrictions on migrants, boosting the euro and weighing on the greenback. More >>
Tax changes to include automatic refunds from IRD
Friday, 29 June 2018, 9:13 pm | BusinessDesk
June 29 (BusinessDesk) - The government is proposing changes to tax law including automatic tax refunds, new KiwiSaver contribution rates and allowing over 65-year-olds to join KiwiSaver, along with slashing the contributions holiday that KiwiSaver members ... More >>
MARKET CLOSE: NZ shares taper off in strong June qtr
Friday, 29 June 2018, 8:59 pm | BusinessDesk
MARKET CLOSE: NZ shares taper off in strong June qtr; Summerset, Ebos fall; Westpac gains By Paul McBeth More >>
NZ dollar head for 1.9% weekly fall
Friday, 29 June 2018, 8:11 pm | BusinessDesk
June 29 (BusinessDesk) - The New Zealand dollar is heading for a 1.9 percent weekly decline after touching a fresh two-year low in Asian trading but got a late bounce after European Union leaders agreed to set up joint asylum processing sites and restrict ... More >>
