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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 244]
US dollar gains with 10-year Treasury yield
Tuesday, 24 April 2018, 10:33 am | BusinessDesk
April 24 (BusinessDesk) - Wall Street eased, while the US dollar rose, as investors eyed a key level for the 10-year US Treasury note as well as a slew of corporate earnings including from Alphabet. More >>
MARKET CLOSE: NZ shares fall in light trading
Monday, 23 April 2018, 8:32 pm | BusinessDesk
MARKET CLOSE: NZ shares fall in light trading; A2, Synlait decline while Pushpay, Fletcher gain More >>
Dollar holds near 72 US cents
Monday, 23 April 2018, 8:31 pm | BusinessDesk
April 23 (BusinessDesk) - The New Zealand dollar held above 72 US cents as political uncertainties in the world's biggest economy limited the greenback's gains from rising US interest rates. More >>
NZ Refining says Marsden Point shutdown hit profit by $8.2m
Monday, 23 April 2018, 6:35 pm | BusinessDesk
April 23 (BusinessDesk) - New Zealand Refining, operator of the country's only oil refinery, says its 2017 oil pipeline failure knocked net profit by $8.2 million last year. More >>
Precinct Properties sells Deloitte House for $10.2M
Monday, 23 April 2018, 5:16 pm | BusinessDesk
Precinct Properties sells Deloitte House for $10.2M, considers offers on Auckland's ANZ Centre More >>
Mycoplasma bovis keeps farmers nervous
Monday, 23 April 2018, 3:35 pm | BusinessDesk
April 23 (BusinessDesk) - New Zealand farm sales fell 11 percent in the March quarter from a year earlier, as the mycoplasma bovis cattle disease outbreak weighed on purchasing intentions and spanned a period where smaller plots of rural land were captured by ... More >>
NXT-listed QEX Logistics says annual gross margins wider
Monday, 23 April 2018, 1:39 pm | BusinessDesk
April 23 (BusinessDesk) - NXT-listed QEX Logistics, which joined the small-cap board in February, says annual gross margins were wider than anticipated, spanning a period when exports to China hit a quarterly record. More >>
Court orders Forestlands IRD debt can be paid from trust
Monday, 23 April 2018, 1:14 pm | BusinessDesk
High Court orders Forestlands IRD debt can be paid from $18M funds in trust; liquidation sought by FMA More >>
NZ dollar falls near 72 US cents
Monday, 23 April 2018, 11:47 am | BusinessDesk
April 23 (BusinessDesk) - The New Zealand dollar fell near 72 US cents as growing inflationary pressures stoke expectations for higher US interest rates, underpinning demand for the greenback. More >>
World Week Ahead: Gearing up for tech earnings
Monday, 23 April 2018, 11:16 am | BusinessDesk
April 23 (BusinessDesk) - US tech heavyweights are set to report their latest earnings this week along with a barrage of other companies including Boeing, while first-quarter GDP is expected to show an easing of the nation’s growth. More >>
MARKET CLOSE: NZ shares fall as MSCI changes debated
Friday, 20 April 2018, 9:08 pm | BusinessDesk
April 20 (BusinessDesk) - New Zealand shares fell, taking a negative lead from Wall Street, as Fletcher Building's share offer weighed on demand. Fisher & Paykel Healthcare, which gets almost half its revenue in North America, led the decline, ... More >>
NZ dollar heads for 1.6% weekly fall as US$ finds favour
Friday, 20 April 2018, 8:34 pm | BusinessDesk
NZ dollar heads for 1.6% weekly fall as greenback finds favour on rate hike view More >>
Man pulled from burning vehicle in Papakura
Friday, 20 April 2018, 7:18 pm | BusinessDesk
A Police officer and member of the public have pulled a man out of a burning car following a serious crash this afternoon. More >>
NZ's R&D tax incentive plan viewed as positive
Friday, 20 April 2018, 4:16 pm | BusinessDesk
April 20 (BusinessDesk) - The government's proposal to end Callaghan Innovation's growth grants and introduce a 12.5 percent research and development tax incentive has been widely viewed as positive by businesses but the opposition party claims ... More >>
SkyCity wants at least A$200M for Darwin casino
Friday, 20 April 2018, 2:49 pm | BusinessDesk
April 20 (BusinessDesk) - SkyCity Entertainment Group wants to sell its Darwin casino business in Australia's Northern Territory for at least A$200 million, and hasn't yet attracted a buyer because the asking price is seen as "a little too high", according ... More >>
Syft sales jump more than 50%
Friday, 20 April 2018, 2:19 pm | BusinessDesk
April 20 (BusinessDesk) - Syft Technologies, which makes gas detection and analysis products, says sales rose more than 50 percent in its latest year, which was lower than forecast and profit growth also missed its target because of increased production ... More >>
UPDATE: Fletcher shares gain after shortfall bookbuild
Friday, 20 April 2018, 1:45 pm | BusinessDesk
April 20 (BusinessDesk) - Fletcher Building shares rose 3.3 percent when they resumed trading as investors were buoyed by the premium paid in the bookbuild to clear leftover entitlements in the institutional component of a $750 million capital raise. More >>
T&G Global to sell Kerikeri assets to Seeka
Friday, 20 April 2018, 1:30 pm | BusinessDesk
April 20 (BusinessDesk) - T&G Global will sell its Kerikeri-based kiwifruit orchards, packhouse facilities and assets to Seeka, New Zealand's biggest kiwifruit grower, in a deal worth around $40 million, the two said in a joint press release. More >>
NZX first-quarter revenue edges up
Friday, 20 April 2018, 12:34 pm | BusinessDesk
April 20 (BusinessDesk) - NZX's first-quarter revenue edged up 0.8 percent as activity on the secondary market remained busier and its burgeoning funds management unit continued to swell, offsetting the lack of new issuers. More >>
Fletcher's shares resume trading today
Friday, 20 April 2018, 12:09 pm | BusinessDesk
April 20 (BusinessDesk) - Fletcher Building completed the institutional component of its $750 million capital raise, with investors paying a premium to the discounted offer in a bookbuild to clear the leftover entitlements. More >>
