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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 223]
NZD to 3-week high, Italy fears ease, risk appetite returns
Thursday, 31 May 2018, 11:55 am | BusinessDesk
The New Zealand dollar rose to a three-week high as reports of renewed efforts to form a government in Italy helped lift risk appetite and the euro. More >>
While you were sleeping: Energy stocks lead Wall St rally
Thursday, 31 May 2018, 10:35 am | BusinessDesk
May 31 (BusinessDesk) - Wall Street rallied as a rebound in oil prices lifted energy stocks, while easing concern about Italy’s political turmoil also added to sentiment. More >>
MARKET CLOSE: NZ shares rise led by Auckland Airport, A2
Wednesday, 30 May 2018, 8:46 pm | BusinessDesk
May 30 (BusinessDesk) - New Zealand shares rose, led by Auckland International Airport, Spark and Fisher & Paykel Healthcare and as buyers returned to A2 Milk. Gentrack Group fell as earnings growth disappointed some bullish investors. More >>
MediaWorks bets on local talent in prime time
Wednesday, 30 May 2018, 8:45 pm | BusinessDesk
May 30 (BusinessDesk) - MediaWorks Investments says rebranding its TV product, and an obsessive focus on prime time local content and the 25-54 demographic will see the company move back to profitability - potentially this year. More >>
NZ dollar gains against euro on Italy's crisis
Wednesday, 30 May 2018, 8:17 pm | BusinessDesk
May 30 (BusinessDesk) - The New Zealand dollar gained against the euro and was treading water against the greenback as investors remained jittery in the face of Italy's deepening political crisis. More >>
So far no evidence of systemic misconduct by NZ banks
Wednesday, 30 May 2018, 7:34 pm | BusinessDesk
May 30 (BusinessDesk) - New Zealand's central bank and Financial Markets Authority so far haven't seen any evidence of "systemic and widespread" misconduct in a review of New Zealand banks, FMA chief executive Rob Everett told parliament's ... More >>
Water service mergers floated
Wednesday, 30 May 2018, 7:33 pm | BusinessDesk
May 30 (BusinessDesk) - The government is actively considering whether the water services currently supplied by local government should be merged into a number of larger jointly owned entities to help both fund and ensure the quality of drinking ... More >>
Green Cross, private hospitals on watch over nurses pay
Wednesday, 30 May 2018, 7:30 pm | BusinessDesk
May 30 (BusinessDesk) - New Zealand's private healthcare providers including Green Cross Health are watching collective negotiations between the nurses' union and district health boards to see when and if a far-reaching pay hike will spill into the rest ... More >>
NYSE-listed Cigna to buy ANZ's OnePath Life for $700 million
Wednesday, 30 May 2018, 3:11 pm | BusinessDesk
NYSE-listed Cigna agrees to buy ANZ Bank NZ's OnePath Life for $700 million More >>
Plexure shares soar 26% on revenue gains, cost cutting
Wednesday, 30 May 2018, 2:28 pm | BusinessDesk
May 30 (BusinessDesk) - Plexure Group shares jumped 26 percent as the mobile voucher firm started generating positive cash flow after slashing costs and building sales momentum. More >>
NZ residential building consents slip 3.7% in April
Wednesday, 30 May 2018, 2:17 pm | BusinessDesk
May 30 (BusinessDesk) - New Zealand residential building consents fell 3.7 percent in April, after rising 13 percent in March, as multi-unit projects such as apartments and townhouses caused volatility in the monthly numbers. More >>
Stride Property posts flat earnings
Wednesday, 30 May 2018, 2:13 pm | BusinessDesk
May 30 (BusinessDesk) - Stride Property Group posted flat annual earnings as it beds in a new strategy and reshaped portfolio where it clips the ticket as a property manager as well as directly owning real estate. More >>
Tilt says Citigroup, Forsyth Barr to underwrite A$300M raise
Wednesday, 30 May 2018, 1:31 pm | BusinessDesk
May 30 (BusinessDesk) - Tilt Renewables has entered into an agreement with Citigroup Global Markets and Forsyth Barr Group to underwrite a A$300 million equity raising should it be successful in its bid for a 15-year power contract with the Victorian ... More >>
Green Cross Health profit falls 15% on pay equity shortfall
Wednesday, 30 May 2018, 1:10 pm | BusinessDesk
May 30 (BusinessDesk) - Green Cross Health reported a 15 percent fall in annual profit as the listed medial services provider made up the unfunded shortfall left in the government's $2 billion pay equity package for aged and residential care workers, ... More >>
Gentrack lifts 1H earnings 80%, sees strong opportunities
Wednesday, 30 May 2018, 1:05 pm | BusinessDesk
May 30 (BusinessDesk) - Gentrack Group lifted first-half earnings 80 percent as the utilities software developer benefited from new projects and acquisitions made last year and said it had a strong pipeline of opportunities. More >>
Commerce Commission warns Apple over likely breaches of Fair
Wednesday, 30 May 2018, 12:56 pm | BusinessDesk
May 30 (BusinessDesk) - The Commerce Commission has issued a warning to Apple that it likely has breached New Zealand's Fair Trading Act with misleading statements about the rights of its customers under the Consumer Guarantees Act (CGA) and replacements ... More >>
RBNZ wants more time before making any changes to LVRs
Wednesday, 30 May 2018, 12:37 pm | BusinessDesk
May 30 (BusinessDesk) - Credit growth has declined and house price inflation has stabilised in New Zealand but the central bank wants more time before it eases the loan-to-value restrictions any further. More >>
NZD falls below 69 US cents as Italy remains in focus
Wednesday, 30 May 2018, 11:38 am | BusinessDesk
NZ dollar falls below 69 US cents as Italy remains in focus, stability report looms More >>
NZ pensioners swindled out of $1M in 1st Q by phishing
Wednesday, 30 May 2018, 11:29 am | BusinessDesk
NZ pensioners swindled out of $1M in March quarter as phishing remains prevalent: Cert NZ More >>
While you were sleeping: Italy’s chaos boosts US Treasuries
Wednesday, 30 May 2018, 10:41 am | BusinessDesk
May 30 (BusinessDesk) - US Treasuries rallied, while equities on both sides of the Atlantic dropped amid concern that political turmoil in Italy might pose a threat to the eurozone and prompt the US Federal Reserve to slow its interest rate hike ... More >>
