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 238]
MARKET CLOSE: NZ shares mixed, A2 gains
Friday, 4 May 2018, 8:41 pm | BusinessDesk
MARKET CLOSE: NZ shares mixed, A2 gains while Gentrack, Spark, bank stocks drop By Sophie Boot More >>
CORRECT: How Stuff makes money from its audience
Friday, 4 May 2018, 8:25 pm | BusinessDesk
(Corrects 7th paragraph of story that first moved yesterday to show membership split between Stuff and Neighbourly) More >>
NZD headed for 0.8% weekly fall against greenback
Friday, 4 May 2018, 8:23 pm | BusinessDesk
May 4 (BusinessDesk) - The New Zealand dollar is headed for a 0.8 percent weekly fall against the greenback and remains under pressure ahead of the US jobs data due later in the global trading day. More >>
Orr's style, employment mandate add interest to next week
Friday, 4 May 2018, 7:00 pm | BusinessDesk
Orr's style, employment mandate add interest to next week's 'on-hold' statement from RBNZ More >>
Delegat has record 2018 harvest
Friday, 4 May 2018, 6:20 pm | BusinessDesk
May 4 (BusinessDesk) - Delegat Group, New Zealand’s largest listed winemaker, says it had a record harvest this year, driven by an increase in New Zealand grapes, while its Australian harvest fell. More >>
Telecommunications amendments don't go far enough
Friday, 4 May 2018, 4:01 pm | BusinessDesk
May 4 (BusinessDesk) - Chorus says a select committee report on changes to the regulatory framework for the telecommunications industry doesn't go far enough, and could unfairly restrict the prices it can charge and stifle innovation. More >>
Spark NZ sells 50% stake in services infrastructure unit
Friday, 4 May 2018, 12:49 pm | BusinessDesk
May 4 (BusinessDesk) - Spark New Zealand is selling half of its Connect 8 services infrastructure unit to electricity distributor Electra Group, in a deal which will see Connect 8 take full ownership of Electra's telecommunication's contractor Sky ... More >>
NZ dollar gains before US jobs report
Friday, 4 May 2018, 11:41 am | BusinessDesk
May 4 (BusinessDesk) - The New Zealand dollar gained ahead of US jobs data and after charts suggested the kiwi's decline left it oversold. More >>
Musk sinks Tesla, Kanye weighs on Adidas
Friday, 4 May 2018, 9:47 am | BusinessDesk
May 4 (BusinessDesk) - Wall Street slid as the latest corporate earnings including from AIG failed to impress investors a day after the Federal Reserve kept alive bets that policy makers will lift their target interest rate next month. More >>
MARKET CLOSE: NZ shares rise, Z Energy gains
Thursday, 3 May 2018, 8:47 pm | BusinessDesk
May 3 (BusinessDesk) - New Zealand shares gained, led by Z Energy following its annual results, with Chorus and Genesis also rising. More >>
NZ dollar a tad higher against greenback
Thursday, 3 May 2018, 8:16 pm | BusinessDesk
May 3 (BusinessDesk) - The New Zealand dollar was slightly higher but remained largely range-bound ahead of the US jobs data later this week. More >>
Vector seeks injunction against Stuff over leaked data
Thursday, 3 May 2018, 7:50 pm | BusinessDesk
May 3 (BusinessDesk) - Auckland electricity and gas distributor Vector has asked the Auckland High Court for an injunction against media organisation Stuff over Vector customer data given to Stuff by a hacker, to stop Vector "failing its customers ... More >>
Second case of Mycoplasma bovis confirmed in North Island
Thursday, 3 May 2018, 5:21 pm | BusinessDesk
May 3 (BusinessDesk) - A second case of Mycoplasma bovis has been found in the North Island, though the Ministry for Primary Industries says this doesn't mark a major turning point. More >>
How Stuff makes money from its audience
Thursday, 3 May 2018, 4:48 pm | BusinessDesk
May 3 (BusinessDesk) - Fairfax Media, the Australian parent of New Zealand's Stuff, says the company is focussed on increasing its revenues from selling advertising and audience data, as it closes down the "long tail" of its regional newspapers. More >>
China Construction Bank net interest income almost triples
Thursday, 3 May 2018, 4:47 pm | BusinessDesk
May 3 (BusinessDesk) - China Construction Bank's New Zealand subsidiary almost tripled its net interest income last year and recorded a five-fold increase in profit by adding commercial and retail customers and lending to the infrastructure, energy ... More >>
Commodity prices rise in April on gains in dairy, aluminiium
Thursday, 3 May 2018, 4:17 pm | BusinessDesk
May 3 (BusinessDesk) - New Zealand commodity prices rose in April, bolstered by dairy prices and a lift in aluminium prices on the back of trade tensions. More >>
Z Energy pushes 'Strategy 3.0' with Foodstuffs tie-up
Thursday, 3 May 2018, 3:39 pm | BusinessDesk
Z Energy says petrol market is competitive, pushes 'Strategy 3.0' with Foodstuffs tie-up More >>
PM Ardern appeals to business on transformative policy
Thursday, 3 May 2018, 3:29 pm | BusinessDesk
May 3 (BusinessDesk) - Prime Minister Jacinda Ardern has appealed to the business community to help the government develop a "robust plan" for the economic and environmental policy shifts required to deal with climate change and the fast-changing nature of ... More >>
Civil lawsuits involving VF Corp 'just normal business'
Thursday, 3 May 2018, 3:14 pm | BusinessDesk
May 3 (BusinessDesk) - US apparel group VF Corp, which bought merino wool clothing maker Icebreaker Holdings for $288 million, has been party to a number of civil lawsuits in the US but they were a normal part of doing business and don't reflect badly on ... More >>
Auckland housing market showing 'tepid signs of stabilising'
Thursday, 3 May 2018, 3:01 pm | BusinessDesk
May 3 (BusinessDesk) - The Auckland residential property market may be stabilising after tighter regulations slowed housing market growth in the country's largest city. More >>
