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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 219]
Tegel recommends investors accept takeover offer
Monday, 11 June 2018, 1:27 pm | BusinessDesk
June 11 (BusinessDesk) - Tegel Group Holdings, the poultry group which listed on the NZX two years ago, posted a 24 percent drop in annual profit and recommended shareholders accept a $437.8 million takeover offer from Philippines poultry company ... More >>
Meridian Energy offers up to $200 mln in retail bond offer
Monday, 11 June 2018, 1:01 pm | BusinessDesk
June 11 (BusinessDesk) - Meridian Energy is offering up to $200 million in seven-year unsecured, unsubordinated fixed rate bonds to institutional and New Zealand retail investors. More >>
Kiwi Property names Clive Mackenzie as new CEO
Monday, 11 June 2018, 1:00 pm | BusinessDesk
Kiwi Property Group, which manages a $3.1 billion portfolio of shopping centres and office buildings, has appointed Clive Mackenzie as chief executive, effective July 16, replacing Chris Gudgeon. More >>
NZ dollar treads water as G7 leaders summit ends in disarray
Monday, 11 June 2018, 11:53 am | BusinessDesk
June 11 (BusinessDesk) - The New Zealand dollar started the week on the backfoot after a war of words between US President Donald Trump and his G7 allies saw the leaders' summit end in disarray, and put investors on the defensive. More >>
MARKET CLOSE: NZ shares hit record, up 3.5% this week
Friday, 8 June 2018, 8:33 pm | BusinessDesk
MARKET CLOSE: NZ shares hit record, up 3.5% this week with Kathmandu, NZ Refining leading Friday's gains More >>
NZ dollar up 0.5% on week but rangebound ahead of G7
Friday, 8 June 2018, 8:10 pm | BusinessDesk
June 8 (BusinessDesk) - The New Zealand dollar is headed for a 0.5 percent weekly gain against the greenback but remains rangebound ahead of the Group of Seven meeting in Canada this weekend. More >>
Colombia seeks to join CPTPP Pacific Rim trade pact
Friday, 8 June 2018, 7:30 pm | BusinessDesk
June 8 (BusinessDesk) - Colombia is the latest country to seek admission to the trans-Pacific trade pact, the CPTPP, which US President Donald Trump tried to kill off. More >>
Govt proposes improvements to forestry rules in ETS
Friday, 8 June 2018, 3:16 pm | BusinessDesk
June 8 (BusinessDesk) - Forestry Minister Shane Jones and Climate Change Minister James Shaw have released a consultation paper proposing a dozen improvements to forestry regulations in the New Zealand Emissions Trading Scheme. More >>
NZ wholesale trade values increase for eighth quarter
Friday, 8 June 2018, 2:53 pm | BusinessDesk
NZ wholesale trade values increase for eighth consecutive quarter with modest 0.1% rise in 1Q More >>
Sanford appoints Fonterra executive as new CFO
Friday, 8 June 2018, 2:04 pm | BusinessDesk
June 8 (BusinessDesk) - Sanford has appointed Katherine Turner as the new chief financial officer of New Zealand's largest listed seafood company. More >>
Frucor Suntory set for July start to court fight over tax
Friday, 8 June 2018, 1:29 pm | BusinessDesk
Frucor Suntory set for July start to court fight over tax on convertible notes, gets qualified audit More >>
SeaDragon expects smaller 2019 loss
Friday, 8 June 2018, 12:58 pm | BusinessDesk
June 8 (BusinessDesk) - SeaDragon expects its loss to narrow in the coming year as it works to secure more cash to fund longer-term growth. More >>
NZ dollar extends slide vs euro on speculation
Friday, 8 June 2018, 12:20 pm | BusinessDesk
NZ dollar extends slide vs euro on speculation ECB will tackle question of end to stimulus More >>
MARKET CLOSE: NZ shares up 1% to new record
Thursday, 7 June 2018, 8:38 pm | BusinessDesk
June 7 (BusinessDesk) - New Zealand shares surged to a fresh record, led by A2 Milk Co and Fletcher Building amid international demand for Kiwi companies. More >>
NZ dollar sticks to tight range as markets await G7
Thursday, 7 June 2018, 8:16 pm | BusinessDesk
June 7 (BusinessDesk) - The New Zealand dollar stuck to a tight range against the greenback in Asian trading as markets await the upcoming Group of Seven summit followed by a raft of central bank meetings next week. More >>
Court questions whether government should regulate media
Thursday, 7 June 2018, 8:14 pm | BusinessDesk
June 7 (BusinessDesk) - The Court of Appeal is grappling with whether the Commerce Commission is able to consider unquantifiable public benefits, like a diverse media, against quantified economic benefits when it makes merger decisions, as New Zealand's ... More >>
Whanganui District credit rating upgraded
Thursday, 7 June 2018, 7:57 pm | BusinessDesk
June 7 (BusinessDesk) - Whanganui District Council has been rewarded for building a new wastewater plant within budget with cheaper borrowing costs via a credit rating upgrade at Standard & Poor's. More >>
'No plans' to separate monetary policy
Thursday, 7 June 2018, 7:11 pm | BusinessDesk
'No plans' to separate monetary policy and prudential supervision in Phase 2 of RBNZ review More >>
Consultation opens on government's Zero Carbon Bill
Thursday, 7 June 2018, 4:53 pm | BusinessDesk
June 7 (BusinessDesk) - Climate Change Minister James Shaw today launched a six-week consultation on the government's Zero Carbon bill, legislation that will include a new 2050 emissions reduction target. More >>
Non-Kiwis buy 3.3% of homes in 1Q
Thursday, 7 June 2018, 3:07 pm | BusinessDesk
Non-Kiwis buy 3.3% of homes in 1Q as upscale Queenstown-Lakes trumps Auckland More >>
