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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 228]
Steel & Tube shares plunge 24% after company flags loss
Wednesday, 23 May 2018, 1:09 pm | BusinessDesk
May 23 (BusinessDesk) - Steel & Tube Holdings expects to post a loss this financial year and breach its banking covenants after a restructuring that will see it exit its plastics business and write down the value of its assets. More >>
AFT sees breakeven in FY19 after narrowing annual loss
Wednesday, 23 May 2018, 12:37 pm | BusinessDesk
May 23 (BusinessDesk) - AFT Pharmaceuticals narrowed its 2018 loss and expects to break even in the 2019 financial year as it dials back spending on research and development and lifts sales. More >>
Fonterra raises 2018, 2019 milk price forecasts
Wednesday, 23 May 2018, 12:21 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 >>
Dollar dips as doubts over North Korean summit saps optimism
Wednesday, 23 May 2018, 11:33 am | BusinessDesk
May 23 (BusinessDesk) - The New Zealand dollar fell as doubts about whether US President Donald Trump will meet his North Korean counterpart Kim Jong-Un eroded earlier optimism over a thawing trade relationship between China and the US. More >>
NZ small businesses less upbeat about the future
Wednesday, 23 May 2018, 11:17 am | BusinessDesk
May 22 (BusinessDesk) - New Zealand small businesses are less optimistic about the future as successive years of robust economic growth appear to have peaked, although the big end of town still has grand aspirations, according to a Westpac Banking Corp ... More >>
The Achilles heel in electrifying the NZ economy
Wednesday, 23 May 2018, 11:15 am | BusinessDesk
May 23 (BusinessDesk) - Power shortages during winters when there is not enough water, wind or sun remain the Achilles heel in New Zealand's otherwise huge potential to move most of its fossil fuel-driven economy to renewable electricity, says a new ... More >>
While you were sleeping: Mixed signals weigh on Wall St
Wednesday, 23 May 2018, 10:56 am | BusinessDesk
May 23 (BusinessDesk) - Wall Street fell, having retreated from earlier gains, amid conflicting messages from the Trump administration about trade talks with China and doubt about the summit with North Korea. More >>
MARKET CLOSE: NZ shares down as A2, Comvita keep falling
Tuesday, 22 May 2018, 8:41 pm | BusinessDesk
May 22 (BusinessDesk) - New Zealand shares fell, led lower by continued selling in A2 Milk Co and Comvita, while Ryman Healthcare and Heartland Bank gained. More >>
NZ dollar holds overnight gains
Tuesday, 22 May 2018, 8:40 pm | BusinessDesk
May 22 (BusinessDesk) - The New Zealand dollar held overnight gains against the greenback as investors remain cheered about cooling trade tensions between the US and China. More >>
Government calls for review of insurance law
Tuesday, 22 May 2018, 3:56 pm | BusinessDesk
May 22 (BusinessDesk) - Consumer Affairs Minister Kris Faafoi wants people to tell him about their concerns with the insurance industry, as pressure builds on the sector over conflicts of interest around incentives, harsh disclosure provisions, and unfair ... More >>
Air NZ to feel brunt of rising fuel prices
Tuesday, 22 May 2018, 3:16 pm | BusinessDesk
May 22 (BusinessDesk) - Air New Zealand’s international routes will bear the brunt of oil prices near a 3 and a half year high as stiffer competition and the cost of flying vast distances set a higher bar for the national carrier than the domestic ... More >>
More than enough wood fibre to supply proposed Kawerau plant
Tuesday, 22 May 2018, 3:07 pm | BusinessDesk
'More than enough' wood fibre to supply proposed $180M Kawerau plant, report says By Tina Morrison More >>
Foley Family Wines plans to issue 2.03m shares to Lion NZ
Tuesday, 22 May 2018, 2:25 pm | BusinessDesk
Foley Family Wines plans to issue 2.03m shares to Lion NZ to partially fund Mt Difficulty Wine purchase More >>
Steel & Tube in trading halt pending earnings guidance
Tuesday, 22 May 2018, 12:11 pm | BusinessDesk
May 22 (BusinessDesk) - Steel & Tube Holdings shares have been halted from trading pending a board review of the steel products maker's financial performance, which the company expects will change earnings guidance. More >>
NZ dollar gains with truce in US China trade war
Tuesday, 22 May 2018, 11:40 am | BusinessDesk
May 22 (BusinessDesk) - The New Zealand dollar rose back above 69 US cents as a truce in the trade war between US and China spurred on demand for commodity-linked currencies. More >>
Wall St rallies as US puts 'trade war on hold'
Tuesday, 22 May 2018, 10:13 am | BusinessDesk
May 22 (BusinessDesk) - Wall Street rallied amid optimism that the US is backing off its recent protectionist stance in an effort to resolve an international trade dispute with China. More >>
Strange but true: skincare from hoki and nanotechnology
Monday, 21 May 2018, 8:52 pm | BusinessDesk
May 21 (BusinessDesk) - Fishing company Sanford has joined forces with nanotechnology company Revolution Fibres to produce a high-tech nanofibre facepack made from discarded hoki skins. The product, 10 years in the making, will go on sale tomorrow. More >>
Next step in M.bovis response likely to come soon
Monday, 21 May 2018, 8:51 pm | BusinessDesk
Next step in M.bovis response likely to come in the next week, PM Ardern says More >>
MARKET CLOSE: NZ shares down
Monday, 21 May 2018, 8:35 pm | BusinessDesk
MARKET CLOSE: NZ shares down, Comvita, A2, Kiwi Property weaken while Veritas shares double in price More >>
NZ dollar falls as weak retail sales raise fears
Monday, 21 May 2018, 8:09 pm | BusinessDesk
May 21 (BusinessDesk) The New Zealand dollar fell against the greenback after first quarter retail spending was softer-than-expected, pointing to sluggish economic growth. More >>
