Scoop has an Ethical Paywall
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 237]
NZ inflation expectations dip in June quarter
Tuesday, 8 May 2018, 6:52 pm | BusinessDesk
May 8 (BusinessDesk) - New Zealand businesses see a slower pace of inflation in the coming year, although firms anticipate wages will rise at their fastest pace in four years as economic growth remains robust. More >>
MetroGlass cut to 'neutral'
Tuesday, 8 May 2018, 3:12 pm | BusinessDesk
May 8 (BusinessDesk) - Metro Performance Glass was cut to 'neutral' from 'outperform' by analysts at First NZ Capital on expectations the New Zealand building cycle will moderate and the sector will get less of a lift from increased investment. More >>
NZ wool trading platform to launch on May 22
Tuesday, 8 May 2018, 2:36 pm | BusinessDesk
May 8 (BusinessDesk) - An online trading platform for New Zealand wool and other natural fibres, which aims to work like the GlobalDairyTrade market, will launch later this month. More >>
NZ operating surplus swelled by tax revenue
Tuesday, 8 May 2018, 1:18 pm | BusinessDesk
NZ operating surplus swelled by higher-than-expected tax revenue in first 9 months By Jonathan Underhill More >>
NZ dollar holds above 70 US cts ahead of inflation survey
Tuesday, 8 May 2018, 11:36 am | BusinessDesk
May 8 (BusinessDesk) - The New Zealand dollar held above 70 US cents ahead of today's survey of inflation expectations and in the lead-up to Reserve Bank governor Adrian Orr's first monetary policy statement on Thursday. More >>
While you were sleeping: Apple, Athenahealth climb
Tuesday, 8 May 2018, 10:45 am | BusinessDesk
May 8 (BusinessDesk) - Wall Street gained as shares of Apple rose to a record, while fresh corporate deals also boosted sentiment. More >>
Govt sharpens social investment focus on wellbeing
Monday, 7 May 2018, 8:35 pm | BusinessDesk
May 7 (BusinessDesk) - Social Development Minister Carmel Sepuloni wants wellbeing at the heart of social investment and will gauge views on the approach and how data and information-sharing feeds back into that policy over the next three months. More >>
MARKET CLOSE: NZ shares up, led by Gentrack
Monday, 7 May 2018, 8:33 pm | BusinessDesk
May 7 (BusinessDesk) - New Zealand shares gained, led higher by Gentrack Group and Port of Tauranga, with Westpac Banking Corp gaining on its first-half result. More >>
Seasonal kiwifruit labour shortage declared
Monday, 7 May 2018, 8:31 pm | BusinessDesk
May 7 (BusinessDesk) - The Ministry of Social Development has declared a seasonal labour shortage across the Bay of Plenty in a bid to find at least 1,200 people to pick and pack the remainder of this year's kiwifruit harvest, tipped to be around ... More >>
NZ dollar unchanged, treading water ahead of RBNZ, budget
Monday, 7 May 2018, 8:25 pm | BusinessDesk
May 7 (BusinessDesk) - The New Zealand dollar was unchanged against the greenback in quiet Monday trading and ahead of the central bank's rate decision this week. More >>
UPDATE: Westpac's McLean says he's upbeat about NZ economy
Monday, 7 May 2018, 7:46 pm | BusinessDesk
(Recasts lead to add context, further explanation from chief executive McLean on outlook for global rates) More >>
UPDATE: Westpac's McLean says he's upbeat about NZ economy
Monday, 7 May 2018, 6:37 pm | BusinessDesk
UPDATE: Westpac NZ's McLean says he's upbeat about NZ economy, tips early rate hike More >>
NZ Steel asks High Court to overturn steel subsidy decision
Monday, 7 May 2018, 6:36 pm | BusinessDesk
May 7 (BusinessDesk) - New Zealand Steel wants the High Court to overturn a decision by the government not to tax Chinese steel imports, which the firm says flooded the local market and cut into profits. More >>
Energy exploration ban adds risk to investment in fertiliser
Monday, 7 May 2018, 5:57 pm | BusinessDesk
NZ's energy exploration ban adds risk to investment in fertiliser production, Ballance says By Rebecca Howard More >>
Tru-Test to slim down significantly
Monday, 7 May 2018, 4:13 pm | BusinessDesk
May 7 (BusinessDesk) - Tru-Test Corp plans to shed the bulk of its businesses, signing a conditional deal to sell its retail solutions and milk meter divisions, amounting to 85 percent of group revenue, to Switzerland-based Datamars. More >>
Ticketmaster NZ profit soars 143%
Monday, 7 May 2018, 3:25 pm | BusinessDesk
May 7 (BusinessDesk) - Ticketmaster New Zealand, which is owned by the world's biggest concert promoter Live Nation Entertainment, posted a 143 percent jump in profit last year as sales ran faster than expenses. More >>
Briscoe first-quarter sales rise 3.6%
Monday, 7 May 2018, 2:51 pm | BusinessDesk
Briscoe first-quarter sales rise 3.6% as Rebel Sport kicks off strong start to the year More >>
Westpac NZ lifts first-half earnings 4% on wider margins
Monday, 7 May 2018, 2:20 pm | BusinessDesk
May 7 (BusinessDesk) - Westpac Banking Corp's New Zealand unit lifted first-half cash earnings 4 percent as it fattened margins and cut costs with a transformation programme that's introduced greater self-service and shut down several branches. More >>
NZ dollar holds near 4-month low on lower US jobless rate
Monday, 7 May 2018, 11:58 am | BusinessDesk
NZ dollar holds near 4-month low as lower US jobless rate helps greenback, MPS looms More >>
World Week Ahead: Fed speakers, trade talks
Monday, 7 May 2018, 11:56 am | BusinessDesk
May 7 (BusinessDesk) - As Wall Street struggles to extend its advance amid the latest quarterly earnings season, investors will eye trade talks from an increasingly protectionist US as well as a policy meeting at the Bank of England. More >>
