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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 212]
NZ dollar slips below 69 US cts
Tuesday, 26 June 2018, 11:40 am | BusinessDesk
NZ dollar slips below 69 US cts as trade war fears weigh on investor optimism Inbox More >>
MARKET CLOSE: NZ shares dip, Air NZ, NZ Refining fall
Monday, 25 June 2018, 8:36 pm | BusinessDesk
June 25 (BusinessDesk) - New Zealand shares fell, led by Air New Zealand and NZ Refining while Kathmandu Holdings surged to a three-and-a-half-year high. More >>
NZ dollar falls slightly against USD
Monday, 25 June 2018, 8:21 pm | BusinessDesk
June 25 (BusinessDesk) - The New Zealand dollar was slightly weaker against the greenback as investors awaited any more news on the trade front as well as this week's cash rate decision from New Zealand's central bank. More >>
Bank sales tactics putting customer interests at risk
Monday, 25 June 2018, 8:19 pm | BusinessDesk
June 25 (BusinessDesk) - A new report shows bank staff are under increasing pressure to sell products such as KiwiSaver, insurance and credit cards to their customers, despite being urged last year to clean up their sales tactics. More >>
Veritas shareholders overwhelmingly back refinancing deal
Monday, 25 June 2018, 7:40 pm | BusinessDesk
June 25 (BusinessDesk) - Veritas Investments shareholders overwhelmingly backed a $27.5 million refinancing deal with Japan's Nomura Holdings which gives the operator of the Better Bar Co a new lease of life. More >>
Status of MBIE leaker remains confidential
Monday, 25 June 2018, 6:49 pm | BusinessDesk
June 25 (BusinessDesk) - State Services Minister Chris Hipkins has removed a cap on core public servant numbers he says caused a $272 million blowout in consultant fees paid by government departments over 10 years. More >>
Kathmandu shares rise after profit upgrade
Monday, 25 June 2018, 4:15 pm | BusinessDesk
June 25 (BusinessDesk) - Kathmandu Holdings shares jumped nearly 15 percent after the outdoor equipment retailer said it expects to increase profit this year on higher sales and better margins, with the market picking it could deliver at the top end ... More >>
NZ structural log prices hit 25-year high
Monday, 25 June 2018, 3:23 pm | BusinessDesk
June 25 (BusinessDesk) - New Zealand structural log prices rose to the highest level for 25 years as local mills compete with the export market to secure supply for the domestic construction market amid strong demand from China. More >>
Off-site construction factories for KiwiBuild homes sought
Monday, 25 June 2018, 1:14 pm | BusinessDesk
June 25 (BusinessDesk) - New Zealand’s government will invite companies, both domestic and overseas, to express their interest in setting up or expanding off-site manufacturing factories for KiwiBuild homes, a government construction program aimed ... More >>
Kathmandu forecasts lift in annual profit on higher margins
Monday, 25 June 2018, 1:12 pm | BusinessDesk
Kathmandu forecasts lift in annual profit on higher margins, sales; shares jump to month high More >>
NZ Refining shutdown to trim $40 mln from annual profit
Monday, 25 June 2018, 1:11 pm | BusinessDesk
June 25 (BusinessDesk) - New Zealand Refining shares fell after the Marsden Point refinery operator said a longer planned outage than anticipated will cost more and hit the bottom line harder than previously forecast. More >>
NZ dollar holds above 69 US cts
Monday, 25 June 2018, 11:40 am | BusinessDesk
June 25 (BusinessDesk) - The New Zealand dollar held above 69 US cents as the Organisation of the Petroleum Exporting Countries' move to boost production lifted prices for raw materials, supporting demand for commodity-linked currencies. More >>
MARKET CLOSE: NZ shares rise after bumpy week
Friday, 22 June 2018, 8:39 pm | BusinessDesk
MARKET CLOSE: NZ shares rise after bumpy week, led by NZ Refining, Synlait while Port of Tauranga, A2 drop More >>
NZ dollar heads for 0.7% weekly decline
Friday, 22 June 2018, 8:08 pm | BusinessDesk
NZ dollar heads for 0.7% weekly decline as trade jitters weigh on markets By Rebecca Howard More >>
Mining industry says no more projects the size of Te Kuha
Friday, 22 June 2018, 7:36 pm | BusinessDesk
Mining industry says no more projects the size of Te Kuha, but smaller ones waiting More >>
Goodman Fielder seeks ComCom permission to buy Yoplait right
Friday, 22 June 2018, 7:30 pm | BusinessDesk
June 22 (BusinessDesk) - Goodman Fielder New Zealand, which owns a number of dairy brands including Meadow Fresh and Puhoi Valley, wants to buy the rights to make and sell Yoplait branded yoghurt in New Zealand. More >>
RBNZ's Orr tipped to stand pat
Friday, 22 June 2018, 7:27 pm | BusinessDesk
RBNZ's Orr tipped to stand pat and could signal hikes might take even longer More >>
Consistency across port reporting would boost transparency
Friday, 22 June 2018, 7:24 pm | BusinessDesk
June 22 (BusinessDesk) - A variety of accounting treatments used by the country's port companies makes it hard to compare and greater alignment would increase transparency, says deputy Auditor-General Greg Schollum. More >>
Fletcher's Ross says no change to B+I provisions
Friday, 22 June 2018, 7:23 pm | BusinessDesk
Fletcher's Ross says no change to B+I provisions, won't comment on delays in Chch airport hotel More >>
SeaDragon auditor seeking asset valuation evidence
Friday, 22 June 2018, 5:28 pm | BusinessDesk
June 22 (BusinessDesk) - SeaDragon's annual accounts got a black mark from its auditors for a second year, with PwC declining to express an opinion on the financial statements after failing to find enough evidence supporting the fish oil supplement maker's ... More >>
