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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 233]
NZX to raise up to $40M in subordinated notes to repay debt
Tuesday, 15 May 2018, 8:34 pm | BusinessDesk
NZX to raise up to $40M in subordinated notes to repay debt, provide corporate funding More >>
NZ dollar holds near 3-month low
Tuesday, 15 May 2018, 8:33 pm | BusinessDesk
NZ dollar holds near 3-month low vs Aussie as RBA looks towards higher rates More >>
CA ANZ survey finds most oppose fuel tax
Tuesday, 15 May 2018, 6:42 pm | BusinessDesk
May 15 (BusinessDesk) - Most people don't want to pay a new fuel tax but do want the government to make roads safer and increase access, a survey funded by Chartered Accountants Australia and New Zealand (CA ANZ) has shown. More >>
No MPI plans for extra cattle movement restrictions
Tuesday, 15 May 2018, 6:14 pm | BusinessDesk
May 15 (BusinessDesk) - Changing farms on so-called Gypsy Day, when large numbers of farmers shift stock, requires extra precaution because of Mycoplasma bovis but the Ministry for Primary Industries won't prevent animal movements beyond the 300 ... More >>
NZX gets second bid for Farmers Weekly publication
Tuesday, 15 May 2018, 4:33 pm | BusinessDesk
May 15 (BusinessDesk) - NZX has received a second bid for agricultural publication Farmers Weekly three months after signing a non-binding sale agreement, and says a divestment of the paper is "imminent". More >>
NZ cow slaughter rates rise as M. bovis culling spreads
Tuesday, 15 May 2018, 2:53 pm | BusinessDesk
May 15 (BusinessDesk) - New Zealand cow slaughter rates are tracking ahead of last year as the compulsory culling of cattle on properties infected with Mycoplasma bovis swells volumes, weighing on prices. More >>
Infratil wouldn't approve Mercury move above 19.99% of Tilt
Tuesday, 15 May 2018, 2:47 pm | BusinessDesk
May 15 (BusinessDesk) - Infratil, the investment company that owns 50.8 percent of Tilt Renewables, says it wouldn't approve new shareholder Mercury NZ increasing its current 19.99 percent holding, having made its own offer for the stock. More >>
SeaDragon's biggest shareholders to provide $1M loan
Tuesday, 15 May 2018, 2:18 pm | BusinessDesk
May 15 (BusinessDesk) - The biggest shareholders of SeaDragon have agreed to provide a short-term bridging loan of $1 million to allow the unprofitable fish oil refiner to continue to operate while it tries to negotiate longer-term funding. More >>
UPDATE: Fletcher gains as stock stays in MSCI main index
Tuesday, 15 May 2018, 1:33 pm | BusinessDesk
UPDATE: Fletcher gains as stock stays in MSCI main index; A2 up while Mercury drops on exit More >>
A2 to join MSCI main stock index, replacing Mercury
Tuesday, 15 May 2018, 12:59 pm | BusinessDesk
May 15 (BusinessDesk) - A review of global stock indices by MSCI will, as expected, add A2 Milk Co to the international investment advisor's main global index, with Mercury New Zealand to be removed. More >>
Bad headlines on Fletcher Building hide 'healthy prospects'
Tuesday, 15 May 2018, 12:45 pm | BusinessDesk
May 15 (BusinessDesk) - Bad headlines about Fletcher Building from some segments of the media have overshadowed a business with "healthy prospects" and a new management team that is "a catalyst for change", says listed investment fund Kingfish. More >>
NZ dollar falls back toward 69 US cents
Tuesday, 15 May 2018, 11:46 am | BusinessDesk
May 15 (BusinessDesk) - The New Zealand dollar extended its slide, nearing 69 US cents and sinking to a three-month low against the Aussie after last week's dovish Reserve Bank statement gave investors less reason to hold the local currency. More >>
While you were sleeping: Euro gains amid hawkish comments
Tuesday, 15 May 2018, 10:08 am | BusinessDesk
May 15 (BusinessDesk) - Wall Street climbed amid optimism about trade talks between the US and China, while the euro rose amid signals the European Central Bank might lift interest rates sooner than anticipated. More >>
CORRECT: Mycoplasma bovis spread to Waikato 'shameful'
Tuesday, 15 May 2018, 8:32 am | BusinessDesk
May 14 (BusinessDesk) - A Waikato farm has today tested positive for cattle disease Mycoplasma bovis, prompting Prime Minister Jacinda Ardern using her press conference today to say the spread of the disease in the North Island had left the new government ... More >>
Mycoplasma bovis spread to Waikato 'shameful': PM
Monday, 14 May 2018, 8:47 pm | BusinessDesk
May 14 (BusinessDesk) - A Waikato farm has today tested positive for cattle disease Mycoplasma bovis, prompting Prime Minister Jacinda Ardern using her press conference today to say the spread of the disease in the North Island had left the new government ... More >>
MARKET CLOSE: NZ shares rise; A2 gains
Monday, 14 May 2018, 8:46 pm | BusinessDesk
May 14 (BusinessDesk) - New Zealand shares rose ahead of the MSCI rebalancing tomorrow, with possible addition A2 Milk leading gains while Fletcher Building and Mercury New Zealand, rumoured to be leaving, dropped. More >>
Ultimate reins of power to stay with Ardern
Monday, 14 May 2018, 8:26 pm | BusinessDesk
May 14 (BusinessDesk) - Prime Minister Jacinda Ardern will continue to receive official papers, be briefed and be in constant communication on the most important issues facing the government during her planned six weeks of maternity leave. More >>
NZ dollar remains weak against Aussie
Monday, 14 May 2018, 8:13 pm | BusinessDesk
May 14 (BusinessDesk) - The New Zealand dollar remained weak against the Australian dollar as sentiment across the Tasman was boosted by waning fears of a global trade war. More >>
NZ SMEs deliver bulk of jobs growth over past year
Monday, 14 May 2018, 6:27 pm | BusinessDesk
May 14 (BusinessDesk) - Small businesses employing just a third of New Zealand’s workforce have delivered more than two-thirds of the nations’ jobs growth over the past year, a leading economist says. More >>
Holden NZ estimates $4M bill on voluntary airbag recall
Monday, 14 May 2018, 5:26 pm | BusinessDesk
May 14 (BusinessDesk) - Holden New Zealand anticipates a $4 million bill will accompany the voluntary recall of 24,000 vehicles with defective Takata airbags, which is separate to the government's compulsory order over the faulty safety devices last month. More >>
