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Independent, Trustworthy New Zealand Business News
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BusinessDesk - Latest News [Page 214]
Independent expert to determine fair price for Chow Group
Thursday, 21 June 2018, 1:49 pm | BusinessDesk
June 21 (BusinessDesk) - Holdout shareholders of the Chow Group will have an expert determine how much they should be paid for the shares that the Chow brothers are compulsorily acquiring. More >>
Mainfreight expects momentum to continue
Thursday, 21 June 2018, 1:16 pm | BusinessDesk
June 21 (BusinessDesk) - Mainfreight, which last month reported a record full-year profit, told investors and analysts it expects momentum to continue. More >>
Fletcher's 2018 results to include one-time charges
Thursday, 21 June 2018, 12:42 pm | BusinessDesk
June 21 (BusinessDesk) - Fletcher Building chief executive Ross Taylor said the company expects to take restructuring charges of $85 million to $95 million in its 2018 results as it moves to a decentralised operating model with more divisions and will also ... More >>
NZ dollar falls to month-low ahead of GDP report
Thursday, 21 June 2018, 11:41 am | BusinessDesk
June 21 (BusinessDesk) - The New Zealand dollar fell to its lowest levels in about a month ahead of figures that are expected to show economic growth slowed in the first quarter, undershooting the Reserve Bank's forecast. More >>
Fonterra seeking more details over Beingmate licensing issue
Wednesday, 20 June 2018, 8:41 pm | BusinessDesk
June 20 (BusinessDesk) - Fonterra Cooperative Group wants more information from its Chinese partner Beingmate Baby & Child Food amid reports the infant formula firm didn't make sure product sourced from another supplier met its licensing conditions. More >>
MARKET CLOSE: NZ shares rise as Pushpay rebounds
Wednesday, 20 June 2018, 8:40 pm | BusinessDesk
June 20 (BusinessDesk) - New Zealand shares rebounded from yesterday's 1.2 percent loss, led higher by Precinct Properties New Zealand and Westpac Banking Corp. More >>
NZ dollar hovers near 69 US cents amid global trade jitters
Wednesday, 20 June 2018, 8:25 pm | BusinessDesk
June 20 (BusinessDesk) - The New Zealand dollar is hovering around 69 US cents as trade war jitters continue to ramp up but attention could shift to the domestic arena tomorrow if the first quarter gross domestic product data surprises. More >>
NZ organic sector worth $600M, exports leading growth
Wednesday, 20 June 2018, 7:22 pm | BusinessDesk
June 20 (BusinessDesk) - New Zealand's organic sector has grown 30 percent over the past two years to an estimated value of $600 million, led by a 42 percent jump in organic exports, according to the latest market report published today. More >>
OPI Pacific Finance debenture holders get $3.9M
Wednesday, 20 June 2018, 7:21 pm | BusinessDesk
June 20 (BusinessDesk) - The receivers of OPI Pacific Finance have paid a further $3.9 million to out-of-pocket debenture holders after receiving a 'dividend' from the liquidators of its failed parent. More >>
First go at living standards framework to be ready for 2019
Wednesday, 20 June 2018, 3:56 pm | BusinessDesk
June 20 (BusinessDesk) - The Treasury says a "first version" of its living standards framework will be ready for the government to use in Budget 2019, although it expects to see the measures it uses evolve over time. More >>
Toyota NZ's vehicle sales soar to new annual record
Wednesday, 20 June 2018, 2:42 pm | BusinessDesk
June 20 (BusinessDesk) - Toyota New Zealand, the country's biggest car brand, achieved record vehicle sales in its latest financial year and generated its highest ever revenue on the back of a strong economy. More >>
NZ consumer confidence cools broadly in June quarter
Wednesday, 20 June 2018, 2:07 pm | BusinessDesk
June 20 (BusinessDesk) - New Zealand consumer confidence declined broadly in the June quarter as the pace of the country’s economic growth cooled along with the housing market, while fuel prices rose, according to the latest Westpac McDermott ... More >>
NZ first-quarter current account turns to surplus
Wednesday, 20 June 2018, 2:06 pm | BusinessDesk
June 20 (BusinessDesk) - New Zealand's current-account turned to a surplus in the first quarter, bolstered by the services balance as tourism remained strong More >>
Comvita buys 20% stake in Uruguay's Apiter for US$6.25M
Wednesday, 20 June 2018, 1:23 pm | BusinessDesk
Comvita said it has acquired 20 percent of Uruguay's Apiter for US$6.25 million and signed a long-term supply agreement to secure another source of propolis for sales into Asia. More >>
Synlait will invest $250 million in spray dryer
Wednesday, 20 June 2018, 1:04 pm | BusinessDesk
June 20 (BusinessDesk) - Synlait Milk will develop its second nutritional powder manufacturing factory for an estimated initial capital investment of $250 million at its new Pokeno site in Waikato, which will be commissioned for the 2019/20 season ... More >>
Retirement village exemption rejected by committee
Wednesday, 20 June 2018, 12:51 pm | BusinessDesk
June 20 (BusinessDesk) - Retirement village operators are disappointed that the select committee considering the Overseas Investment Amendment Bill did not exempt them from having to get approval before buying sensitive or residential land to build ... More >>
NZ dollar drops below 69 US cents
Wednesday, 20 June 2018, 12:00 pm | BusinessDesk
June 20 (BusinessDesk) - The New Zealand dollar fell below 69 US cents after US president Donald Trump said he would target US$200 billion more Chinese products for tariffs and China threatened to retaliate, ramping up concerns about a trade war that could ... More >>
Dairy product prices slip for seventh time in nine auctions
Wednesday, 20 June 2018, 9:58 am | BusinessDesk
June 20 (BusinessDesk) - Dairy product prices fell at the Global Dairy Trade auction, as whole milk powder slid amid data showing New Zealand’s processors collected record levels of milk in recent months because of improved weather conditions. More >>
Clampdown on foreign farm buyers scares off investors
Tuesday, 19 June 2018, 9:06 pm | BusinessDesk
Clampdown on foreign farm buyers scares off investors with 'tens of millions' in funds, agents say More >>
MARKET CLOSE: NZ shares drop 1.2% in broad selloff
Tuesday, 19 June 2018, 8:42 pm | BusinessDesk
MARKET CLOSE: NZ shares drop 1.2% in broad selloff, Pushpay and Mercury lead losses More >>
