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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 230]
Rangatira-controlled Hellers hires Cameron Partners
Friday, 18 May 2018, 7:36 pm | BusinessDesk
May 18 (BusinessDesk) - Rangatira Investments-controlled Hellers has hired investment bank Cameron Partners to review its business, amid reports New Zealand's biggest producer of bacon, ham and smallgoods is for sale. More >>
Budget 2018 sets the scene for a trilogy of transformation
Friday, 18 May 2018, 7:35 pm | BusinessDesk
May 18 (BusinessDesk) - Finance Minister Grant Robertson says Budget 2018 is the foundation of what will be a trilogy of packages to introduce a new way of measuring New Zealand's success and transform the economy to face 21st Century challenges. More >>
Superyachts may bring biggest spenders to Auckland
Friday, 18 May 2018, 7:34 pm | BusinessDesk
Superyachts may bring biggest spenders to Auckland for 2021 America's Cup, CBRE says By Andrew Bevin More >>
Lion NZ says 2017 sales climb 4.3%
Friday, 18 May 2018, 6:38 pm | BusinessDesk
Lion NZ says 2017 sales climb 4.3% with growth in craft beer, mainstream brands More >>
NZ Premium Whitebait venture sold to Maori tribe for $1.095M
Friday, 18 May 2018, 3:53 pm | BusinessDesk
May 18 (BusinessDesk) - New Zealand Premium Whitebait, the country's only commercial whitebait farm, has been sold by receivers to its creditor and shareholder, the commercial investment arm of the Ngati Tahu-Ngati Whaoa tribe, for $1.095 million. More >>
ExxonMobil NZ division lifts net operating profit 57%
Friday, 18 May 2018, 3:51 pm | BusinessDesk
May 18 (BusinessDesk) - The New Zealand division of ExxonMobil lifted its net operating profit 57 percent in 2017 as revenues rose on higher volumes. More >>
GIC-Goodman joint venture sells Wynyard office precinct
Friday, 18 May 2018, 1:20 pm | BusinessDesk
May 18 (BusinessDesk) - Wynyard Precinct Holdings, a joint venture between Goodman Property Trust and Singapore's government-owned GIC, has sold its commercial office precinct in Auckland to US private equity firm Blackstone for $635 million, twice ... More >>
Heartland lifts third-quarter profit 11%
Friday, 18 May 2018, 1:08 pm | BusinessDesk
May 18 (BusinessDesk) - Heartland Bank lifted third-quarter profit 11 percent on continued lending growth and said it expects annual earnings to be at the upper end of its previously advised range of $65 million to $68 million. More >>
Crack down on animal ID compliance, overhaul tracing system
Friday, 18 May 2018, 1:04 pm | BusinessDesk
NZ to crack down on animal ID compliance, overhaul tracing system after M.Bovis highlights flaws More >>
Ryman lifts annual earnings by 14%, meeting guidance
Friday, 18 May 2018, 1:02 pm | BusinessDesk
May 18 (BusinessDesk) - Ryman Healthcare, the country's biggest retirement village operator and developer, lifted annual earnings 14 percent, meeting guidance, and said it expects continued growth with 16 villages in the pipeline. More >>
ERoad turns to small profit
Friday, 18 May 2018, 12:28 pm | BusinessDesk
May 18 (BusinessDesk) - ERoad returned to profit after beating annual earnings guidance as North American sales more than doubled once the logistics and fleet management firm overcame strong lobbying to delay a favourable regulatory system for its services. More >>
Upbeat US data, rising bond yields support greenback
Friday, 18 May 2018, 11:52 am | BusinessDesk
May 18 (BusinessDesk) - The New Zealand dollar fell, giving up modest gains seen in the wake of yesterday's Budget, as an upbeat indicator of US manufacturing and rising Treasury yields helped underpin the greenback. More >>
MARKET CLOSE: NZ shares rise, led by A2 and Synlait
Thursday, 17 May 2018, 8:31 pm | BusinessDesk
May 17 (BusinessDesk) - New Zealand shares rose, led by A2 Milk Co and Synlait Milk while Pushpay fell after annual earnings met its guidance, disappointing some upbeat investors. More >>
BUDGET 2018: Bracket creep, wage growth fuel tax take
Thursday, 17 May 2018, 8:19 pm | BusinessDesk
May 17 (BusinessDesk) - Rising wages that take people into higher tax brackets, a growing population fueling economic activity, and a series of new revenue-gathering crackdowns are forecast to yield the government $5.7 billion more tax revenue over ... More >>
Foreign house buyer ban may redirect investment
Thursday, 17 May 2018, 8:17 pm | BusinessDesk
May 17 (BusinessDesk) - Michael Wood, the MP who chairs Parliament’s finance and expenditure committee, wants to see more overseas investment directed into productive assets, which he sees as a secondary benefit to restricting foreign purchases of ... More >>
NZ dollar holds above 69 US cents
Thursday, 17 May 2018, 8:16 pm | BusinessDesk
May 17 (BusinessDesk) - The New Zealand dollar held above 69 US cents after Finance Minister Grant Robertson continued to project fiscal surpluses and a gradual reduction in debt in the government's first budget. More >>
CORRECT: Govt sets aside $1 bln for R&D tax credit
Thursday, 17 May 2018, 8:01 pm | BusinessDesk
CORRECT: BUDGET 2018: Govt sets aside $1 bln for R&D tax credit inutes ago) to editor (Fixes incorrect delivery agency in final paragraph) More >>
Constantly checking your KiwiSaver balance could cost you
Thursday, 17 May 2018, 7:16 pm | BusinessDesk
May 17 (BusinessDesk) - Banks’ tendency to put their customers’ KiwiSaver balance on their online statements could be bad news for investors in the long term, according to financial author and KiwiSaver expert Mary Holm. More >>
CBL drives FMA to seek clarity
Thursday, 17 May 2018, 6:58 pm | BusinessDesk
May 17 (BusinessDesk) - The Financial Market Authority will go to the courts for help in unpicking whether continuous disclosure rules still apply to listed companies if they enter voluntary administration. More >>
