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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 221]
NZ dollar holds gains against USD as risk appetite firm
Tuesday, 5 June 2018, 8:17 pm | BusinessDesk
June 5 (BusinessDesk) - The New Zealand dollar held its gains against the greenback and could push slightly higher in the short term as risk appetite remains firm. More >>
NZME/Stuff lawyers argue ComCom went beyond mandate
Tuesday, 5 June 2018, 8:16 pm | BusinessDesk
June 5 (BusinessDesk) - Lawyers for NZME and Stuff are re-litigating the attempted merger of New Zealand's dominant newspaper publishers in the Court of Appeal, arguing that the Commerce Commission overstepped its authority when it refused the tie-up. More >>
RBNZ pulls out of scheduled CBL liquidation hearing
Tuesday, 5 June 2018, 8:14 pm | BusinessDesk
June 5 (BusinessDesk) - The Reserve Bank of New Zealand withdrew from a scheduled liquidation hearing involving CBL Insurance slated to take place this week and has requested that the interim liquidation continue. More >>
British American paid $1.1B into government coffers
Tuesday, 5 June 2018, 7:27 pm | BusinessDesk
British American paid $1.1B into government coffers last year, paid special dividend By Jonathan Underhill More >>
Govt creates Fair Pay Agreement working group
Tuesday, 5 June 2018, 7:14 pm | BusinessDesk
June 5 (BusinessDesk) - The government announced the creation of a Fair Pay Agreement working group that will make recommendations on the design of a sector-level bargaining system before the end of the year. The 10-member group will be led by former Prime ... More >>
Govt axed offshore oil and gas sector with no Cabinet paper
Tuesday, 5 June 2018, 7:12 pm | BusinessDesk
June 5 (BusinessDesk) - The government axed granting any future offshore oil and gas exploration licences without a formal Cabinet paper and with minimal analysis from officials, according to a dump of documents and emails from Energy and Resources ... More >>
Vodafone/Vocus surprise JV to bring competition to broadband
Tuesday, 5 June 2018, 3:37 pm | BusinessDesk
June 5 (BusinessDesk) - Internet user group Internet NZ has welcomed a surprise announcement by telcos Vodafone and Vocus that they have formed a joint venture to bring competition to the ultra-fast broadband fibre network. More >>
More NZ farmers feel under financial pressure
Tuesday, 5 June 2018, 2:13 pm | BusinessDesk
June 5 (BusinessDesk) - More New Zealand farmers are feeling under financial pressure and satisfaction with banks has slipped, according to the latest Federated Farmers' Banking Survey. More >>
Cavalier forecasts jump in full-year profit
Tuesday, 5 June 2018, 1:17 pm | BusinessDesk
June 5 (BusinessDesk) - Cavalier Corp forecast a jump in full-year profit, driven by improved margins following the carpetmaker's restructuring and the benefits of more favourable wool prices. More >>
NZ government 10-month operating surplus tops forecast
Tuesday, 5 June 2018, 1:10 pm | BusinessDesk
June 5 (BusinessDesk) - The New Zealand government's operating surplus was just above forecast in the first 10 months of the year but the result was weighed on by higher-than-expected insurance claim costs. More >>
Meridian Energy considering $200M retail bond offer
Tuesday, 5 June 2018, 12:35 pm | BusinessDesk
June 5 (BusinessDesk) - Meridian Energy is considering offering up to $200 million of seven-year unsecured, unsubordinated fixed rate bonds to institutional and New Zealand retail investors. More >>
NZ dollar gains with global risk sentiment
Tuesday, 5 June 2018, 12:02 pm | BusinessDesk
June 5 (BusinessDesk) - The New Zealand dollar gained as stronger economic data in the US and the UK and fading concerns about Italy's political crisis helped lift risk sentiment. More >>
NZD gains with global risk sentiment, positive economic data
Tuesday, 5 June 2018, 12:00 pm | BusinessDesk
June 5 (BusinessDesk) - The New Zealand dollar gained as stronger economic data in the US and the UK and fading concerns about Italy's political crisis helped lift risk sentiment. More >>
No quick fix to impact of China's waste ban
Friday, 1 June 2018, 8:46 pm | BusinessDesk
No quick fix to impact of China's waste ban that has sucked the profits out of recycling, operators say More >>
MARKET CLOSE: NZ shares fall in light trading
Friday, 1 June 2018, 8:32 pm | BusinessDesk
MARKET CLOSE: NZ shares fall in light trading after index reweighting; A2, Synlait weaken, Air NZ gains By Sophie Boot More >>
NZ dollar heads for 1% weekly gain as Italy fears subside
Friday, 1 June 2018, 8:06 pm | BusinessDesk
NZ dollar heads for 1% weekly gain as Italy fears subside; capped by global trade worries More >>
Wilmar drives growth through Chelsea maker NZ Sugar Co
Friday, 1 June 2018, 8:03 pm | BusinessDesk
June 1 (BusinessDesk) - Wilmar International is extracting a return from its investment in New Zealand's sugar industry, selling more raw materials to its local unit and taking $11 million in dividends last year. More >>
Chow Group never tapped the public for capital
Friday, 1 June 2018, 7:45 pm | BusinessDesk
June 1 (BusinessDesk) - Chow Group went public in 2016 through a reverse listing with big plans to raise capital to bankroll a portfolio of accommodation and hotels but two years on it hasn't sought funds and will go private again. More >>
Air NZ to codeshare with Qantas
Friday, 1 June 2018, 4:07 pm | BusinessDesk
June 1 (BusinessDesk) - Air New Zealand has announced a domestic code-sharing deal with Qantas, as its deal with Virgin Australia Holdings comes to an end. More >>
DB pays $30.5M for Tuatara in year of small sales growth
Friday, 1 June 2018, 3:21 pm | BusinessDesk
June 1 (BusinessDesk) - DB Breweries paid $30.5 million for Kapiti boutique beer maker Tuatara Brewing Co last year as the country's major liquor companies beef up their craft beer credibility to reach consumers with a taste for high-end brews. More >>
