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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 239]
BNZ promises ruthless vigilance to earn customer trust
Thursday, 3 May 2018, 2:38 pm | BusinessDesk
May 3 (BusinessDesk) - Australian-owned Bank of New Zealand is promising it will be "ruthlessly vigilant ensuring that our customers' trust in us is well placed", its chief executive, Angie Mentis said as the bank announced a 17.8 percent increase ... More >>
Govt restores 'applicant pays' for EEZ marine consents
Thursday, 3 May 2018, 2:30 pm | BusinessDesk
May 3 (BusinessDesk) - The government has introduced a bill to amend the Exclusive Economic Zone Act to ensure those applying for notifiable marine consents pay for the Board of Inquiry that considers their applications, rather than the taxpayer ... More >>
New vehicle market slowing after four years of record highs
Thursday, 3 May 2018, 2:05 pm | BusinessDesk
May 3 (BusinessDesk) - Growth in sales of new vehicles in New Zealand is slowing after four straight years of record highs. More >>
NZ share trading volume rises in April
Thursday, 3 May 2018, 1:10 pm | BusinessDesk
May 3 (BusinessDesk) - New Zealand share trading continued to push higher in April while values eased as global market volatility continued. More >>
Z Energy lifts profit 8% as govt questions petrol pricing
Thursday, 3 May 2018, 1:09 pm | BusinessDesk
May 3 (BusinessDesk) - Z Energy delivered annual earnings within its lowered guidance, with profits rising as the government looks more closely at pricing strategy in the fuel sector. More >>
NZ dollar falls to 4-month low
Thursday, 3 May 2018, 11:59 am | BusinessDesk
NZ dollar falls to 4-month low as US jobs growth adds to view Fed will hike again in June More >>
Wall St mixed as Fed seen on track for June hike
Thursday, 3 May 2018, 10:31 am | BusinessDesk
While you were sleeping: Wall St mixed as Fed seen on track for June hike More >>
Watson sells Warriors to Carlaw Heritage Trust, Autex
Wednesday, 2 May 2018, 9:05 pm | BusinessDesk
May 2 (BusinessDesk) - Carlaw Heritage Trust and Autex Industries have acquired the Vodafone Warriors from businessman Eric Watson after months of speculation about a sale of the NRL club. More >>
MARKET CLOSE: NZ shares up as Gentrack hits record
Wednesday, 2 May 2018, 8:37 pm | BusinessDesk
May 2 (BusinessDesk) - New Zealand shares gained, with Gentrack Group hitting a record and electricity companies Mercury New Zealand and Contact Energy gaining. More >>
NZ dollar still under pressure
Wednesday, 2 May 2018, 8:07 pm | BusinessDesk
May 2 (BusinessDesk) - The New Zealand dollar remained under pressure against the greenback as investors await the US Federal Reserve’s policy statement for any clues about future rate hikes. More >>
UPDATE: Financial regulators peak body meets today
Wednesday, 2 May 2018, 6:23 pm | BusinessDesk
UPDATE: Financial regulators peak body meets today as banks feel pressure to prove good behaviour More >>
Woolworths' Countdown chain posts 3.4% sales growth in Q3
Wednesday, 2 May 2018, 5:31 pm | BusinessDesk
May 2 (BusinessDesk) - ASX-listed retailer Woolworths Group's Countdown chain of supermarkets in New Zealand recorded a 3.4 percent gain in sales in the third quarter. More >>
Financial regulators peak body meets today
Wednesday, 2 May 2018, 3:39 pm | BusinessDesk
May 2 (BusinessDesk) - A little-known peak body of government agency chief executives will meet this afternoon to discuss next steps as New Zealand regulators step up pressure on the country's largest banks to prove they're not indulging in the kinds ... More >>
UPDATE: NZ jobless rate lowest since December 2008
Wednesday, 2 May 2018, 2:52 pm | BusinessDesk
May 2 (BusinessDesk) - New Zealand's jobless rate fell to its lowest level in almost a decade in the first quarter while wage inflation remained anemic, adding to the view that the central bank will continue to signal no increase in interest rates ... More >>
SkyCity may get $40M for convention centre delays
Wednesday, 2 May 2018, 2:25 pm | BusinessDesk
May 2 (BusinessDesk) - SkyCity Entertainment Group could be paid $40 million from construction firm Fletcher Building because of delays in completing its convention centre in Auckland, according to an analyst estimate. More >>
NZ jobless rate lowest since December 2008
Wednesday, 2 May 2018, 1:57 pm | BusinessDesk
May 2 (BusinessDesk) - New Zealand's jobless rate fell to its lowest level in almost a decade in the first quarter while wage inflation remained anemic adding to the view that the central bank will continue to signal no increase in interest rates ... More >>
Mercury to buy back up to $50M of shares
Wednesday, 2 May 2018, 12:29 pm | BusinessDesk
May 2 (BusinessDesk) - Electricity generator and retailer Mercury NZ will spend as much as $50 million buying back some of its shares, enabling it to return capital to shareholders and rebalance its capital structure. More >>
Watchdogs to NZ banks: prove you're clean
Wednesday, 2 May 2018, 11:53 am | BusinessDesk
May 2 (BusinessDesk) - The regulators for the banking sector yesterday delivered a sharp message to New Zealand's largest, mainly Australian-owned banks, to demonstrate clearly why their customers should believe their business practices differ from their ... More >>
NZ dollar drops below 70 US cents as greenback rallies
Wednesday, 2 May 2018, 11:45 am | BusinessDesk
NZ dollar drops below 70 US cents as greenback rallies, dairy prices fall, jobs data looms More >>
NZ house value growth moderates in April
Wednesday, 2 May 2018, 11:14 am | BusinessDesk
May 2 (BusinessDesk) - New Zealand house value growth slowed in April in urban centres as investor activity dropped and the market heads into winter, according to state-owned valuer Quotable Value. More >>
