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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 227]
Funding split for climate change adaptation in question
Thursday, 24 May 2018, 2:54 pm | BusinessDesk
May 24 (BusinessDesk) - The government is considering how to fund New Zealand's adaptation to climate change, following a working group's report which recommends 21 key actions across central and local government and the private sector. More >>
Record kiwifruit exports boost NZ overall exports in April
Thursday, 24 May 2018, 2:52 pm | BusinessDesk
May 24 (BusinessDesk) - A record month for kiwifruit exports helped push the country's overall exports in April to the second-highest level ever, according to monthly trade data released today. More >>
Comvita's $400M sales target pushed out two years
Thursday, 24 May 2018, 2:09 pm | BusinessDesk
May 24 (BusinessDesk) - Comvita will take another two years to reach its $400 million sales target after the manuka honey company had two poor seasons in a row, according to Craigs Investment Partners. More >>
Metro Performance Glass full-year profit falls 16%
Thursday, 24 May 2018, 12:53 pm | BusinessDesk
May 24 (BusinessDesk) - Metro Performance Glass said its full-year profit fell 16 percent because of softer growth in New Zealand and capital programme disruptions in Australia. More >>
NZ Super Fund on track to hire new CEO in June
Thursday, 24 May 2018, 12:42 pm | BusinessDesk
May 24 (BusinessDesk) - The Guardians of New Zealand Superannuation are on track to appoint a new chief executive next month, as the board lobbies to keep control of setting the top manager's pay packet. More >>
NZ dollar gains as Fed minutes point to 3 hikes
Thursday, 24 May 2018, 11:56 am | BusinessDesk
May 24 (BusinessDesk) - The New Zealand dollar rose against the greenback and the euro after the Federal Reserve minutes pointed to no more than three rate hikes this year while European manufacturing and services data weakened. More >>
Treasuries rally as Fed’s in no rush
Thursday, 24 May 2018, 10:59 am | BusinessDesk
May 24 (BusinessDesk) - US Treasuries climbed while Wall Street was mixed, giving up some of its earlier declines, as Federal Reserve policy makers signalled the pace of interest rate hikes is unlikely to accelerate soon. More >>
MARKET CLOSE: NZ shares drop on Fonterra, A2 weakness
Wednesday, 23 May 2018, 8:32 pm | BusinessDesk
MARKET CLOSE: NZ shares drop on Fonterra, A2 weakness; Steel & Tube drops 18% on 2018 loss More >>
NZ dollar falls ahead of Fed minutes
Wednesday, 23 May 2018, 8:28 pm | BusinessDesk
May 23 (BusinessDesk) - The New Zealand dollar fell against the US dollar ahead of minutes from the last US Federal Reserve policy meeting and after US President Donald Trump hinted at further tax cuts. More >>
Sanford lifts first-half profit 43%
Wednesday, 23 May 2018, 7:31 pm | BusinessDesk
May 23 (BusinessDesk) - Sanford, New Zealand's largest listed seafood company, lifted first-half profit 43 percent as it continued to focus on higher value items such as fish fillets rather than frozen commodity products. More >>
Want office space where you can light fires
Wednesday, 23 May 2018, 7:30 pm | BusinessDesk
May 23 (BusinessDesk) - Level Two, the science and hardware coworking space that spawned RocketLab and LanzaTech, is planning a $500,000 expansion to enable more companies to move in. More >>
New Reserve Bank dashboard to shed light on banks' liquidity
Wednesday, 23 May 2018, 4:55 pm | BusinessDesk
May 23 (BusinessDesk) - Until now, getting a clear picture of how the country's banks stack up against each other could be a tortuous process, involving trawling through various bank sites, or a large and relatively incomprehensible spreadsheet on the ... More >>
Argosy says time to sell with market near peak
Wednesday, 23 May 2018, 4:28 pm | BusinessDesk
Argosy says time to sell with market near peak as FY earnings edge higher on flat rents More >>
Steel & Tube expects 2019 profit following downgrade
Wednesday, 23 May 2018, 3:32 pm | BusinessDesk
May 23 (BusinessDesk) - Steel & Tube Holdings says investors can expect a return to profitability in 2019, following a significant downgrade which has seen the stock shed up to a quarter of its value. More >>
NZ log exports hit new monthly record in March
Wednesday, 23 May 2018, 3:31 pm | BusinessDesk
May 23 (BusinessDesk) - New Zealand exported a record volume of softwood logs in March, as shipments to most major markets increased, with further strength forecast through the rest of the year, according to AgriHQ, NZX's agricultural analysis business. More >>
Business sector upbeat about NZ-EU trade talks
Wednesday, 23 May 2018, 2:54 pm | BusinessDesk
May 23 (BusinessDesk) - News that trade negotiations will begin between New Zealand and the European Union, the country's third-largest trading partner, has been well received by local business chiefs. More >>
Zespri annual profit rises 38%, lifts grower payment
Wednesday, 23 May 2018, 2:18 pm | BusinessDesk
May 23 (BusinessDesk) - Zespri Group reported a 38 percent lift in full-year profit and tripled its dividend after revenue growth was driven by the release of 400 hectares of licences for the profitable SunGold variety in 2017. More >>
Fonterra lifts milk price forecasts
Wednesday, 23 May 2018, 2:17 pm | BusinessDesk
May 23 (BusinessDesk) - Fonterra Cooperative Group raised its forecast farmgate milk price for the 2018 and 2019 seasons while cutting its projected dividends for 2018, saying rising global dairy prices are squeezing margins. More >>
SLI Systems delays start for self-service model
Wednesday, 23 May 2018, 1:45 pm | BusinessDesk
May 23 (BusinessDesk) - SLI Systems has delayed the start of a cheaper self-service model, although the e-commerce software developer’s cost-cutting measures to prepare for that strategy is likely to ensure it achieves a profit this year. More >>
Serko posts maiden profit in 2018, forecasts sales growth
Wednesday, 23 May 2018, 1:10 pm | BusinessDesk
Serko posts maiden profit in 2018, forecasts 2019 sales growth as Europe expansion costs rise By Sophie Boot More >>
