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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 226]
NZ dollar ekes out 0.1% weekly gain, treading water
Friday, 25 May 2018, 8:16 pm | BusinessDesk
May 25 (BusinessDesk) - The New Zealand dollar is headed for a 0.1 percent weekly gain against the greenback and is largely treading water as markets eye the political turbulence between the US and North Korea. More >>
NZ industrial property offers ‘good returns’, analyst says
Friday, 25 May 2018, 7:38 pm | BusinessDesk
May 25 (BusinessDesk) - New Zealand industrial property is offering investors “good returns”, growing faster than office and retail sites, a trend that’s been picked up on by some of the nations’ biggest listed property investors. More >>
Top oil analyst slams Govt's 'errors and misrepresentations'
Friday, 25 May 2018, 7:31 pm | BusinessDesk
May 25 (BusinessDesk) - Government ministers are peddling a range of "incorrect or misleading" arguments about the impact of its ban on issuing new licences for offshore oil and gas exploration, says leading oil and gas sector analyst John ... More >>
Augusta earnings fall as delayed fund pushes out fees
Friday, 25 May 2018, 3:31 pm | BusinessDesk
May 25 (BusinessDesk) - Augusta Capital’s annual earnings dropped 14 percent as delays to the launch of its $118 million industrial property fund meant anticipated fees didn’t eventuate in the period, unlike costs tied to the offer. More >>
Stats NZ takes over property transfers data from LINZ
Friday, 25 May 2018, 3:25 pm | BusinessDesk
May 25 (BusinessDesk) - Statistics New Zealand will publish statistics on property transfers by all New Zealanders and overseas people from June 7, after taking over the task from Land Information New Zealand. More >>
Anzco Foods says annual pre-tax profit fell 90%
Friday, 25 May 2018, 2:10 pm | BusinessDesk
May 25 (BusinessDesk) - Meat processor and exporter Anzco Foods reported a 90 percent plunge in full-year pre-tax profit in what it said was a tough year for beef processing. More >>
Veritas' Morton to step down after Nomura deal announced
Friday, 25 May 2018, 1:16 pm | BusinessDesk
May 25 (BusinessDesk) - Veritas Investments director Michael Morton will step down from the board next month, after a meeting where shareholders will vote on whether to agree to a $27.5 million loan from Japanese investment bank Nomura Holdings. More >>
Spark to take bigger Quantum leap
Friday, 25 May 2018, 12:25 pm | BusinessDesk
May 25 (BusinessDesk) - Spark New Zealand expects annual earnings to fall by as much as 2.5 percent this year as it brings forward restructuring costs and accelerates its 'Quantum Programme' to transform the country's biggest telecommunications company ... More >>
NZ dollar steady as Trump scraps North Korea summit
Friday, 25 May 2018, 11:51 am | BusinessDesk
May 25 (BusinessDesk) - The New Zealand dollar was little changed against the greenback after US President Donald Trump scrapped a planned summit with North Korean leader Kim Jong Un and the US said it was considering tariffs on imports of cars and trucks. More >>
Wall St declines while Treasuries, gold gain
Friday, 25 May 2018, 10:12 am | BusinessDesk
May 25 (BusinessDesk) - US Treasuries and gold rose, while Wall Street fell, as President Donald Trump cancelled a summit with North Korea’s Kim Jong Un, underpinning concern about geopolitical uncertainty as well as trade talks between the world’s largest ... More >>
MARKET CLOSE: NZ shares up on A2 Milk rebound
Thursday, 24 May 2018, 8:30 pm | BusinessDesk
May 24 (BusinessDesk) - New Zealand shares gained as A2 Milk Co rebounded from recent selling, while Fletcher Building and Comvita fell. More >>
NZ dollar holds gains against greenback as markets fret
Thursday, 24 May 2018, 8:29 pm | BusinessDesk
May 24 (BusinessDesk) - The New Zealand dollar held its gains against the greenback in Asian trading as US dollar sentiment was dented by ongoing jitters over global trade. More >>
Commercial drone operators upbeat about outlook: survey
Thursday, 24 May 2018, 7:35 pm | BusinessDesk
May 24 (BusinessDesk) - Commercial drone operators in New Zealand are mainly occupied with filming, aerial mapping and inspections and count the real estate and construction sectors as their biggest customers, an Airways NZ survey shows More >>
Resurgent Chinese visitors offset lethargic tourism sector
Thursday, 24 May 2018, 6:33 pm | BusinessDesk
May 24 (BusinessDesk) -A resurgence of Chinese visitors is a highlight for the domestic tourism sector, which economists say may be in a lull after a last year’s spike during the British and Irish Lions tour. More >>
Oceania Dairy, Yili's NZ dairy processor, grows sales
Thursday, 24 May 2018, 6:32 pm | BusinessDesk
May 24 (BusinessDesk) - Oceania Dairy, the South Canterbury-based dairy company owned by Inner Mongolia Yili Industrial Group, has continued to make products for the Chinese market in New Zealand at a loss, its 2017 accounts show. More >>
Show us you’re clean: FMA, Reserve Bank letter to insurers
Thursday, 24 May 2018, 5:26 pm | BusinessDesk
May 24 (BusinessDesk) - Life insurance companies have less than a month to come up with information to reassure regulators that misconduct being unveiled by the Hayne Royal Commission in Australia isn’t happening here - or is being addressed. More >>
Metro Performance Glass going back to basics
Thursday, 24 May 2018, 5:15 pm | BusinessDesk
May 24 (BusinessDesk) - Metro Performance Glass said earnings will be relatively unchanged this year as the company beds in its "back to basics" strategy. More >>
RBNZ needs to be more aggressive to shed gender imbalance
Thursday, 24 May 2018, 4:47 pm | BusinessDesk
May 24 (BusinessDesk) - The Reserve Bank needs to get "far more aggressive" to cast off a gender imbalance where 11 of the central bank's 13-strong executive team are men, and the proportion of women in senior roles ranks alongside some of ... More >>
Rosanne Meo looks for 20-year term as Briscoe Group chair
Thursday, 24 May 2018, 3:55 pm | BusinessDesk
May 24 (BusinessDesk) - The New Zealand Shareholders' Association supported the re-election of Rosanne Meo to another term as chair of Briscoe Group - despite it being totally against the organisation’s normal governance recommendations. More >>
Metlifecare to add $180M Beachlands village
Thursday, 24 May 2018, 3:05 pm | BusinessDesk
May 24 (BusinessDesk) - Metlifecare will build a $180 million retirement village in Auckland’s Beachlands, one of the ‘greenfield’ sites the industry has been busy sewing up in the past 12 months. More >>
