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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 234]
Warehouse strategy 'gaining traction'
Monday, 14 May 2018, 3:44 pm | BusinessDesk
May 14 (BusinessDesk) - Warehouse Group increased sales more than Morningstar expected in the third quarter, prompting the investment research company to lift its estimate for the retailer's full-year sales and earnings. More >>
Māori households saw the highest inflation in March quarter
Monday, 14 May 2018, 2:12 pm | BusinessDesk
May 14 (BusinessDesk) - Māori households saw the highest inflation in the March quarter and price rises for cigarettes and tobacco had the largest impact on inflation for most household groups, Statistics New Zealand said. More >>
NZ services sector slows in April after March spike
Monday, 14 May 2018, 2:04 pm | BusinessDesk
May 14 (BusinessDesk) - New Zealand's services sector activity, which accounts for about two-thirds of the economy, dropped back in April but remained above the long-run average. More >>
Scales has $220M war chest for acquisitions following sale
Monday, 14 May 2018, 1:17 pm | BusinessDesk
May 14 (BusinessDesk) - Scales Corp will have about $220 million in its war chest to pursue merger and acquisition opportunities after the country's largest apple grower sells its cold storage businesses to US-based Emergent Cold, according to ... More >>
Trustpower lifts FY profit 35%, tips lower FY19 earnings
Monday, 14 May 2018, 1:08 pm | BusinessDesk
May 14 (BusinessDesk) - Trustpower lifted annual profit 35 percent as the electricity generator-retailer's earnings were bolstered by favourable hydro generation, firm winter wholesale prices and its retail strategy. More >>
Mercury agrees to buy 19.99% of Tilt from Tauranga Trust
Monday, 14 May 2018, 12:11 pm | BusinessDesk
May 14 (BusinessDesk) - Mercury NZ agreed to buy 19.99 percent of Tilt Renewables from the Tauranga Electricity Consumer Trust for $144 million, or $2.30 a share, a 24 percent premium to its last trading price. More >>
NZ dollar holds below 70 US cts
Monday, 14 May 2018, 11:36 am | BusinessDesk
May 14 (BusinessDesk) - The New Zealand dollar held below 70 US cents after US President Donald Trump told the Commerce Department to help Chinese telecommunications group ZTE, allaying concerns about heightened trade tensions between the world's two biggest ... More >>
World Week Ahead: Eyes on US retail sales, Walmart results
Monday, 14 May 2018, 11:12 am | BusinessDesk
May 14 (BusinessDesk) - The latest reports on US retail sales as well as earnings from Walmart and Macy’s will form a key focus in the coming days. More >>
Arrest following aggravated robbery in Maraenui
Friday, 11 May 2018, 8:54 pm | BusinessDesk
Hawke's Bay Police have tonight located and arrested a 16-year-old boy in relation to the aggravated robbery of the Maraenui Price Cutter superette in Napier on Monday 23 April. More >>
RESEND: MARKET CLOSE: NZX 50 charts record highs
Friday, 11 May 2018, 8:48 pm | BusinessDesk
RESEND: MARKET CLOSE: NZX 50 charts record highs, led by Ryman, F&P Healthcare; Pushpay falls More >>
UPDATE: CBL administrators recommend liquidation
Friday, 11 May 2018, 8:37 pm | BusinessDesk
(recasts lede and adds detail throughout after the voluntary administrators recommend the company be put into liquidation) More >>
MARKET CLOSE: NZX 50 charts record highs
Friday, 11 May 2018, 8:36 pm | BusinessDesk
MARKET CLOSE: NZX 50 charts record highs, led by Ryman, F&P Healthcare; Pushpay falls More >>
NZ dollar heads for 0.8% weekly decline
Friday, 11 May 2018, 8:08 pm | BusinessDesk
NZ dollar heads for 0.8% weekly decline after RBNZ affirms rates to stay low More >>
Ex-Hawkins Orange-H placed in receivership
Friday, 11 May 2018, 7:28 pm | BusinessDesk
May 11 (BusinessDesk) - Orange-H Group, the McConnell entity set up to run down the residual Hawkins assets after the sale to Downer Group, has been tipped into receivership by its shareholder and creditor just 10 days after being ordered to pay $13.4 million ... More >>
Smiths City shares fall 4.6% after Employment Court order
Friday, 11 May 2018, 4:56 pm | BusinessDesk
Smiths City shares fall 4.6% after Employment Court orders retailer pay staff for unpaid meetings More >>
Mkt needs to be 'more comfortable' with low rates: Orr
Friday, 11 May 2018, 4:37 pm | BusinessDesk
Mkt needs to be 'more comfortable' with low rates until business shifts behavior says Orr More >>
Productivity Commission investigates local govt funding
Friday, 11 May 2018, 4:20 pm | BusinessDesk
May 11 (BusinessDesk) - The government wants a better understanding of how local bodies are funding their increasing cost base and infrastructure needs without simply relying on higher rates, and has asked the Productivity Commission to investigate. More >>
GeoOp to bolster balance sheet with $7M placement
Friday, 11 May 2018, 2:29 pm | BusinessDesk
May 11 (BusinessDesk) - GeoOp plans to raise up to $4 million in a share placement and rights issue followed by a redemption or conversion of $3 million in outstanding convertible notes and loans to strengthen its balance sheet. More >>
NZ food prices edge up 0.1% in April
Friday, 11 May 2018, 2:26 pm | BusinessDesk
May 11 (BusinessDesk) - New Zealand food prices edged up in April as the cost of takeaway food and tomatoes rose while chicken prices fell to a record low. More >>
NZ manufacturing activity accelerates in April
Friday, 11 May 2018, 2:22 pm | BusinessDesk
May 11 (BusinessDesk) - New Zealand's manufacturing activity accelerated in April, bouncing back from a lull in the first three months of the year, as a pick up in building intentions stoked production among building materials companies. More >>
