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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 213]
Leaky school claim against Carter Holt about a year away
Friday, 22 June 2018, 3:26 pm | BusinessDesk
Education Ministry's leaky school claim against Carter Holt about a year away By Paul McBeth More >>
NZ may produce record volumes of milk this season
Friday, 22 June 2018, 3:03 pm | BusinessDesk
June 22 (BusinessDesk) - New Zealand milk production may grow to a record of nearly 23 billion litres in the 2018/19 season, bolstered by a favourable milk price and adequate feed reserves, and assuming normal weather conditions, according to Rabobank’s ... More >>
ANZ Bank unlikely to get millions owed by Pumpkin Patch
Friday, 22 June 2018, 3:02 pm | BusinessDesk
June 22 (BusinessDesk) - Failed children's clothing retailer Pumpkin Patch is unlikely to be able to pay back the millions it owes to ANZ Bank while unsecured creditors will get zilch, according to the latest report by the company's receivers KordaMentha. More >>
NZ annual net migration falls in May
Friday, 22 June 2018, 2:19 pm | BusinessDesk
June 22 (BusinessDesk) - New Zealand's annual net migration fell in May as the number of foreigners arriving stayed the same but the number of New Zealanders and foreigners leaving rose. More >>
Steel & Tube agrees to $21.1M sale-and-leaseback
Friday, 22 June 2018, 1:30 pm | BusinessDesk
June 22 (BusinessDesk) - Steel & Tube Holdings said it agreed to a $21.1 million sale-and-leaseback deal of its Blenheim Road property in Christchurch, a key distribution hub for the company, as part of its restructuring efforts to raise working capital ... More >>
Michael Hill will close six remaining Emma & Roe stores
Friday, 22 June 2018, 12:49 pm | BusinessDesk
June 22 (BusinessDesk) - Michael Hill International said it plans to close the remaining six stores of its Emma & Roe chain as well as the sub-brand’s online business at a total cost of no more than $3.1 million, a move allowing the Brisbane-based jewellery ... More >>
Fletcher Building refreshes board chair and directors
Friday, 22 June 2018, 12:40 pm | BusinessDesk
June 22 (BusinessDesk) - Fletcher Building's outgoing chair Ralph Norris announced the board's audit and risk committee chair Bruce Hassall will succeed him when he steps down from the troubled building company in September. More >>
NZ dollar recovers ground as greenback falls
Friday, 22 June 2018, 11:36 am | BusinessDesk
June 22 (BusinessDesk) - The New Zealand dollar rose as the greenback fell from an 11-month high amid weaker-than-expected US data and was little changed against the pound on signs the Bank of England may be closer to hiking interest rates. More >>
NZME heads for Trade Me clash pursuing growth
Friday, 22 June 2018, 12:04 am | BusinessDesk
June 21 (BusinessDesk) - Media company NZME says three recently-launched digital advertising products have the potential to boost revenue in a sometimes uncertain media market. More >>
NZ-EU trade deal is economically and strategically important
Friday, 22 June 2018, 12:02 am | BusinessDesk
June 21 (BusinessDesk) - European Union trade commissioner Cecilia Malmström says a trade deal with New Zealand is economically and strategically important for the massive European market in a world on the verge of a trade war. More >>
Z looks at car-sharing start-ups and more as sunset looms
Thursday, 21 June 2018, 9:08 pm | BusinessDesk
Z looks at car-sharing start-ups, Amazon parcel lockers, as sunset looms for fossil fuels More >>
MARKET CLOSE: NZ shares gain as market cheers Fletcher plans
Thursday, 21 June 2018, 8:52 pm | BusinessDesk
MARKET CLOSE: NZ shares gain as market cheers Fletcher plans, Sky TV, A2, Auckland Airport rise More >>
NZ dollar falls on tepid economic growth, rising greenback
Thursday, 21 June 2018, 8:19 pm | BusinessDesk
June 21 (BusinessDesk) - The New Zealand dollar lost further ground against the greenback as today's gross domestic product data added to recent weak data and as the US dollar continued to push higher in Asian trading on the prospect of interest rate rises ... More >>
Restaurant Brand affirms annual earnings guidance
Thursday, 21 June 2018, 7:29 pm | BusinessDesk
June 21 (BusinessDesk) - Restaurant Brands New Zealand, which operates the local KFC, Pizza Hut, Starbucks Coffee and Carl's Jr brands, affirmed guidance for annual earnings to rise 10 percent and said it's looking for a US director as it scouts ... More >>
Xero shooting for a million customers in UK
Thursday, 21 June 2018, 6:13 pm | BusinessDesk
June 21 (BusinessDesk) - Xero is confident of tripling its UK customer base in the next few years, saying the compulsory digitisation of tax returns providing a tailwind to its rapid pace of growth in the world's fifth-biggest economy. More >>
Foreign farm buyer applications withdrawn triple in a year
Thursday, 21 June 2018, 4:27 pm | BusinessDesk
Foreign farm buyer applications withdrawn in the past 12 months have tripled, OIO figures show More >>
Fonterra satisfied with Beingmate's response to error
Thursday, 21 June 2018, 3:22 pm | BusinessDesk
June 21 (BusinessDesk) - Fonterra Cooperative Group is satisfied Beingmate Baby & Child Food is taking the right steps to deal with a labelling issue after getting caught out in a widespread audit by Chinese regulatory authorities. More >>
UPDATE: Fletcher shares gain on five-year strategy
Thursday, 21 June 2018, 3:20 pm | BusinessDesk
June 21 (BusinessDesk) - Fletcher Building stock rose after chief executive Ross Taylor set out his five-year strategy to refocus on core businesses, stabilise the construction division, expand in Australia and exit non-core operations. More >>
Gentrack acquires UK-based Evolve Analytics
Thursday, 21 June 2018, 2:31 pm | BusinessDesk
June 21 (BusinessDesk) - Gentrack Group said it agreed to acquire Evolve Analytics, an energy data analysis software and services provider, for 23 million British pounds, or $44.2 million, bolstering its leading position for utility billing and customer ... More >>
NZ economic growth slows in first quarter
Thursday, 21 June 2018, 2:02 pm | BusinessDesk
June 21 (BusinessDesk) - New Zealand's economic growth eased slightly in line with expectations in the first quarter as a fall in construction activity was offset by growth in the services industries. The primary industries regained some ground. More >>
