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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 242]
Former Abano shareholders ordered to pay $429k
Friday, 27 April 2018, 7:37 pm | BusinessDesk
April 27 (BusinessDesk) - Abano Healthcare's former shareholder Healthcare Partners Holdings has been ordered to pay the listed medical services investment firm $429,000 in dispute costs that arose from a failed partial takeover bid. More >>
Farmind to cut Seeka stake to reduce foreign ownership
Friday, 27 April 2018, 6:57 pm | BusinessDesk
April 27 (BusinessDesk) - Seeka's biggest shareholder Farmind Corp will cut its stake in the fruit grower to reduce the company's foreign ownership below the Overseas Investment Office screening threshold. More >>
Summerset opens Melbourne office
Friday, 27 April 2018, 6:56 pm | BusinessDesk
April 27 (BusinessDesk) - Summerset Group has opened an office in Melbourne as it mulls expanding into Australia as it continues to buy and develop across New Zealand. More >>
Lees-Galloway signals broader health & safety targets
Friday, 27 April 2018, 5:04 pm | BusinessDesk
April 27 (BusinessDesk) - Workplace Relations and Safety Minister Iain Lees-Galloway plans to expand the focus of what constitutes significant harm on the job in a draft health and safety strategy to lift the well-being of workers and in turn the productivity ... More >>
Veritas in refinancing negotiations as ANZ extends debt
Friday, 27 April 2018, 3:47 pm | BusinessDesk
April 27 (BusinessDesk) - Veritas Investments says it's in negotiations with a new lender and has again been granted a debt extension by ANZ Bank New Zealand. More >>
ComCom embarks on fibre study
Friday, 27 April 2018, 3:15 pm | BusinessDesk
April 27 (BusinessDesk) - The Commerce Commission is launching a formal study into the country's fibre services to get a better handle on the nature of New Zealand's networks and operations in anticipation of a new policy framework currently being ... More >>
NZ posts first trade deficit for March month in 10 years
Friday, 27 April 2018, 2:26 pm | BusinessDesk
NZ posts first trade deficit for March month in 10 years as fuel imports surge More >>
NZ log export market picks up after slowdown
Friday, 27 April 2018, 1:54 pm | BusinessDesk
NZ log export market picks up after slowdown ahead of Chinese New Year, traders optimistic More >>
NZ consumer confidence falls in April as future gets murkier
Friday, 27 April 2018, 1:19 pm | BusinessDesk
April 27 (BusinessDesk) - New Zealand consumer confidence dropped back to long-run averages in April as consumers grew less optimistic about their financial futures. More >>
ComCom lays 9 charges against Warehouse's Noel Leeming
Friday, 27 April 2018, 12:27 pm | BusinessDesk
ComCom lays 9 charges against Warehouse's Noel Leeming for misleading consumers about their rights More >>
NZ dollar gains vs euro
Friday, 27 April 2018, 11:41 am | BusinessDesk
April 27 (BusinessDesk) - The New Zealand dollar rose against the euro after European Central Bank president Mario Draghi acknowledged a moderation in the regional economy's growth while keeping rates on hold and pledging to keep its asset purchase programme ... More >>
While you were sleeping: Facebook, AMD lift Wall St
Friday, 27 April 2018, 10:41 am | BusinessDesk
April 27 (BusinessDesk) - Wall Street climbed, bolstered by better-than-expected earnings including from Facebook and Advanced Micro Devices, while US Treasuries retreated for the first time in more than a week. More >>
Trees and transport electricification key requirements
Friday, 27 April 2018, 9:07 am | BusinessDesk
April 27 (BusinessDesk) - New Zealand can achieve a carbon-neutral economy by 2050, but the price of carbon may need to be as high as $250 a tonne, mass uptake of electric vehicles would be required by 2030, and much of the country's marginal sheep and ... More >>
10 big ideas on 'decarbonisation'
Friday, 27 April 2018, 9:03 am | BusinessDesk
April 27 (BusinessDesk) - The Productivity Commission today publishes a 508-page draft report on how New Zealand can meet the government's goal of achieving a net-zero emissions economy by 2050, let alone the goal of reducing emissions by 30 percent ... More >>
Aussie operations key to growth at Fletcher Building
Friday, 27 April 2018, 8:56 am | BusinessDesk
April 27 (BusinessDesk) - Fletcher Building chief executive Ross Taylor says restructuring the company’s Australian operations and pushing up margins across the Tasman is one key to growth over the whole business. More >>
MARKET CLOSE: Tegel jumps 37% on takeover offer
Thursday, 26 April 2018, 9:07 pm | BusinessDesk
MARKET CLOSE: Tegel jumps 37% on takeover offer; Westpac, ANZ drop as banking scandal continues More >>
Timber King, NZ Steel Distributor ordered to pay $401k
Thursday, 26 April 2018, 8:56 pm | BusinessDesk
April 26 (BusinessDesk) - Related building products companies Timber King and NZ Steel Distributor have been fined $400,950 after pleading guilty to making false and misleading representations about their steel mesh products used to strengthen ... More >>
NZ dollar holds near 3 1/2-month low
Thursday, 26 April 2018, 8:54 pm | BusinessDesk
NZ dollar holds near 3 1/2-month low on higher US bond yields; ECB awaited By Paul McBeth More >>
Alibaba CEO Daniel Zhang in trip to NZ
Thursday, 26 April 2018, 7:14 pm | BusinessDesk
April 26 (BusinessDesk) - Alibaba Group chief executive Daniel Zhang will meet with business leaders and government agency heads, but doesn't have any formal ministerial meetings planned during his trip to New Zealand. More >>
Rangatira hires ACC CFO Mark Dossor as new chief executive
Thursday, 26 April 2018, 6:23 pm | BusinessDesk
April 26 (BusinessDesk) - Rangatira Investments has hired Mark Dossor as its new head, effective from July, drawing on his time as chief financial officer of Accident Compensation Corp, where he was ultimately responsible for the workplace insurer's ... More >>
