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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 243]
Govt, Auckland Council release $28bn plan for transport
Thursday, 26 April 2018, 4:52 pm | BusinessDesk
April 26 (BusinessDesk) - The government and Auckland Council plan to spend $28 billion on transport in the country's biggest city over the next decade, with a $2.8 billion increase in funding from the National Land Transport Fund. More >>
ASX-listed Volpara Health in trading pending capital raising
Thursday, 26 April 2018, 2:39 pm | BusinessDesk
April 26 (BusinessDesk) - ASX-listed Volpara Health Technologies is in a trading halt while the Kiwi digital health firm raises capital from institutional investors ahead of next week's quarterly cash flow report. More >>
CropLogic's managing director Jamie Cairns resigns
Thursday, 26 April 2018, 2:27 pm | BusinessDesk
April 26 (BusinessDesk) - CropLogic's managing director has resigned with immediate effect, with the company's chief financial officer appointed as acting chief executive. More >>
UPDATE: Philippines-based Bounty Fresh mounts takeover
Thursday, 26 April 2018, 1:44 pm | BusinessDesk
April 26 (BusinessDesk) - Philippines-based poultry group Bounty Fresh Foods will mount a $437.8 million takeover bid for NZX-listed Tegel Group at a 50 percent premium to the share price, which has been beaten up after multiple earnings downgrades. More >>
Kiwibank appoints Steve Jurkovich as new CEO
Thursday, 26 April 2018, 1:43 pm | BusinessDesk
April 26 (BusinessDesk) - Kiwbank has appointed Steve Jurkovich, formerly of ASB Bank, as its new chief executive. More >>
UPDATE: Auckland airport optimistic it can convince Comcom
Thursday, 26 April 2018, 1:11 pm | BusinessDesk
April 26 (BusinessDesk) - The Commerce Commission is concerned Auckland International Airport is planning to make excessive profits on its regulated assets, but the country's largest airport says it's optimistic it can convince the regulator that its plans ... More >>
Bendon's breached banking covenants and the Naked deal
Thursday, 26 April 2018, 1:10 pm | BusinessDesk
From Elle to Heidi Klum, to Stella McCartney: Bendon's breached banking covenants and the Naked deal More >>
ComCom and Auckland airport at odds over profitability
Thursday, 26 April 2018, 12:29 pm | BusinessDesk
April 26 (BusinessDesk) - The Commerce Commission is concerned Auckland International Airport is planning to make excessive profits on its regulated assets, while the country's largest airport says its risk profile has changed as it enters an extended ... More >>
Bounty Fresh mounts $437.8M takeover bid for Tegel
Thursday, 26 April 2018, 12:27 pm | BusinessDesk
April 26 (BusinessDesk) - Philippines-based poultry group Bounty Fresh Foods will mount a $437.8 million takeover bid for NZX-listed Tegel Group at a 50 percent premium to the share price, which has been beaten up after multiple earnings downgrades. More >>
NZ dollar extends decline through Anzac Day
Thursday, 26 April 2018, 11:30 am | BusinessDesk
April 26 (BusinessDesk) - The New Zealand dollar extended its decline through the Anzac Day holiday as the greenback flourished with rising yields on US Treasuries boosting returns for the world's reserve currency. More >>
While you were sleeping: Boeing rallies, GE sinks
Thursday, 26 April 2018, 10:24 am | BusinessDesk
April 26 (BusinessDesk) - Wall Street rose as investors parsed the latest corporate earnings such as from Boeing while also assessing the impact of climbing US Treasury yields on the outlook for economic growth. More >>
While you were sleeping: Rising yields weigh on Wall St
Wednesday, 25 April 2018, 10:17 am | BusinessDesk
April 25 (BusinessDesk) - Wall Street slid as shares of Alphabet, 3M and Caterpillar dropped following their latest earnings updates, while investors also worried about climbing US Treasury yields. More >>
MARKET CLOSE: NZ shares mixed ahead of Anzac Day holiday
Tuesday, 24 April 2018, 9:09 pm | BusinessDesk
MARKET CLOSE: NZ shares mixed ahead of Anzac Day holiday; A2, Synlait fall further, Fisher & Paykel bounces More >>
NZ dollar falls to 3 1/2 month low
Tuesday, 24 April 2018, 8:23 pm | BusinessDesk
NZ dollar falls to 3 1/2 month low as rising US interest rates bring trading back to fundamentals More >>
Ardern 'really positive' in pursuing EU trade deal
Tuesday, 24 April 2018, 7:22 pm | BusinessDesk
April 24 (BusinessDesk) - Prime Minister Jacinda Ardern is cautiously optimistic about New Zealand's pursuit of a free trade agreement with the European Union, with the nation's focus on environmental protections finding favour with French President ... More >>
Fletcher's exit from 'vertical construction' leaves a gap
Tuesday, 24 April 2018, 3:44 pm | BusinessDesk
April 24 (BusinessDesk) - Fletcher Building's intention to exit the 'vertical construction' sector leaves a gap in the market for large-scale commercial and government projects and is pushing up building costs, according to a report on industry trends. More >>
Avanti bike founders cut remaining ties with the business
Tuesday, 24 April 2018, 3:33 pm | BusinessDesk
April 24 (BusinessDesk) - The Struthers family, which founded the Avanti bicycle brand and built Sheppard Industries into the largest cycling company in Australasia, has cut its final ties to the business, selling its remaining shareholding to a Switzerland-based ... More >>
NZ annual net migration slows in March; remains high
Tuesday, 24 April 2018, 2:32 pm | BusinessDesk
April 24 (BusinessDesk) - New Zealand's annual net migration slowed in March as continued high immigration was offset by more Kiwis and non-citizens leaving. More >>
Vocus to keep NZ business as bids fall short of expectations
Tuesday, 24 April 2018, 1:59 pm | BusinessDesk
April 24 (BusinessDesk) - ASX-listed Vocus Group will hold on to its New Zealand businesses including CallPlus, 2talk, Orcon, Slingshot, Flip, and local fibre line provider previously called FX Networks, saying it didn't get any offers attractive ... More >>
NZ dollar falls to 3 1/2-month low
Tuesday, 24 April 2018, 11:33 am | BusinessDesk
April 24 (BusinessDesk) - The New Zealand dollar fell to a 3 1/2-month low as rising yields on US Treasuries underpinned support for the greenback as higher US interest rates come at a time when New Zealand's are flat. More >>
