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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 241]
NZ Aluminium Smelters restarts mothballed potline
Tuesday, 1 May 2018, 12:48 pm | BusinessDesk
May 1 (BusinessDesk) - New Zealand Aluminium Smelters will start its fourth potline, increasing production at the Tiwai Point smelter by about 9.2 percent, and creating up to 32 jobs in Southland. More >>
Wellington digital agencies chase scale with merger
Tuesday, 1 May 2018, 12:47 pm | BusinessDesk
May 1 (BusinessDesk) - Wellington-based digital agencies Springload and Touchtech are merging to scale-up their businesses and offering a broader skillset in a sector singled out by the government as needing to make a bigger economic contribution. More >>
NZ dollar sinks to lowest level for 2018
Tuesday, 1 May 2018, 11:59 am | BusinessDesk
May 1 (BusinessDesk) - The New Zealand dollar fell to its lowest level so far this year on expectations the Federal Reserve will give an upbeat account of the US economy after this week's two-day meeting, keeping it on track to keep hiking interest rates. More >>
Robertson seeks further cuts to existing spending
Tuesday, 1 May 2018, 11:57 am | BusinessDesk
May 1 (BusinessDesk) - Finance Minister Grant Robertson is putting existing spending under the microscope to ensure the Labour-led government can meet its commitments after finding $700 million of planned spending to reallocate. More >>
Wall St slides, US Treasuries and oil gain
Tuesday, 1 May 2018, 10:26 am | BusinessDesk
May 1 (BusinessDesk) - Wall Street declined, retreating from gains earlier in the day, while oil jumped after Israel said Iran lied about its nuclear weapons program. More >>
MARKET CLOSE: NZ shares rise in broad regional rally
Monday, 30 April 2018, 8:30 pm | BusinessDesk
April 30 (BusinessDesk) - New Zealand shares rallied across the board, with Mercury New Zealand and Kiwi Property Group leading the index while Scales Corp and Comvita dropped. More >>
Ardern: BP pricing reinforces need for ComCom market studies
Monday, 30 April 2018, 8:11 pm | BusinessDesk
April 30 (BusinessDesk) - Prime Minister Jacinda Ardern wants to hear BP New Zealand Holdings' explanation about plans to raise prices in several provincial areas to protect sales in another but says the tactics underpin the need for greater investigative ... More >>
NZ dollar sticks to tight range in holiday thin trading
Monday, 30 April 2018, 8:09 pm | BusinessDesk
NZ dollar sticks to tight range in holiday thin trading, eyes on US data, Fed More >>
Delaware North takes 20-year sublease on backpackers lodge
Monday, 30 April 2018, 7:33 pm | BusinessDesk
April 30 (BusinessDesk) - Delaware North, a hospitality company based in Buffalo, has been cleared to take a 20-year sublease on land in Queenstown that's the site of the Pinewood Lodge, an investment that would generate about $27 million in rent. More >>
Sweden's Datamars pays more than $100M for Simcro
Monday, 30 April 2018, 6:43 pm | BusinessDesk
April 30 (BusinessDesk) - Sweden's Datamars paid more than $100 million for Simcro according to the case summary from the Overseas Investment Office that cleared the transaction last month. More >>
Adamantem cleared by OIO to own Heritage Lifecare
Monday, 30 April 2018, 6:24 pm | BusinessDesk
April 30 (BusinessDesk) - Australian private equity firm Adamantem Capital has gained approval from the Overseas Investment Office to lift its holding in Heritage Lifecare to as much as 100 percent to give the retirement village operator funds to expand. More >>
Salus may be first NZ IPO in 2018
Monday, 30 April 2018, 4:58 pm | BusinessDesk
Salus may be first NZ IPO in 2018, raising up to $35M ahead of dual-listing to repay debt and grow More >>
NZ business confidence dims in April, firms dial back
Monday, 30 April 2018, 4:40 pm | BusinessDesk
April 30 (BusinessDesk) - New Zealand business confidence fell in April, matching a dip in consumer sentiment, as already downbeat firms scaled back expectations for their own trading activity. More >>
QEX likely to raise 2019 targets
Monday, 30 April 2018, 4:29 pm | BusinessDesk
April 30 (BusinessDesk) - NXT-listed QEX Logistics expects to raise its forecasts for the newly started 2019 financial year as strong Chinese demand for local dairy products helped it beat expectations for the 2018 period. More >>
ComCom seeks feedback on planned levy hike
Monday, 30 April 2018, 3:29 pm | BusinessDesk
April 30 (BusinessDesk) - The Commerce Commission wants the industry's view on plans to raise a levy on telecommunications service providers to pay for introducing the new regulatory framework. More >>
Volpara Health to raise A$18 mln to fund US, Asian expansion
Monday, 30 April 2018, 3:02 pm | BusinessDesk
April 30 (BusinessDesk) - ASX-listed Volpara Health Technologies is raising A$18 million through a placement to institutional investors and a share purchase plan to speed up growth in the US and fund the rollout of direct sales into Asia. More >>
NZ dollar extends gains vs pound
Monday, 30 April 2018, 11:46 am | BusinessDesk
April 30 (BusinessDesk) - The New Zealand dollar gained against the British pound, touching a week-high in New York, after figures showed the UK economy barely grew in the first quarter, denting expectations the Bank of England will hike interest ... More >>
World Week Ahead: Fed inflation check, earnings from Apple
Monday, 30 April 2018, 9:13 am | BusinessDesk
April 30 (BusinessDesk) - Federal Reserve policymakers are set to gather at a time of rising US Treasury yields and an easing in the pace of economic growth, while Apple, McDonald’s and Ford are among a flurry of companies set to report their ... More >>
MARKET CLOSE: NZ shares up 1%, led by Fisher & Paykel
Friday, 27 April 2018, 8:34 pm | BusinessDesk
April 27 (BusinessDesk) - New Zealand shares gained, led by Fisher & Paykel Healthcare Corp and Kathmandu in broad-based buying. More >>
NZ dollar heads for 2% decline
Friday, 27 April 2018, 8:32 pm | BusinessDesk
April 27 (BusinessDesk) - The New Zealand dollar is heading for a 2 percent drop against the greenback this week as rising yields on US bonds and the prospect for US interest rates to go even higher spurs demand for the world's reserve currency. More >>
