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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 246]
FMA to take closer look at managed fund updates
Wednesday, 18 April 2018, 5:25 pm | BusinessDesk
The Financial Markets Authority will take a closer look at the way fund managers regularly update their investors after a general stocktake showed some short-comings in the way information is disclosed. More >>
IMF adds voice to dissent around foreign buyer ban bill
Wednesday, 18 April 2018, 4:32 pm | BusinessDesk
April 18 (BusinessDesk) - Building industry figures lobbying to change the government’s mind over the foreign buyer ban have been buoyed by the International Monetary Fund adding its voice to the cause. More >>
NZ farmers paid record seasonal prices for lambs
Wednesday, 18 April 2018, 3:28 pm | BusinessDesk
April 18 (BusinessDesk) - New Zealand farmers are being paid record prices for their lambs for this time of year as supplies tighten, according to AgriHQ's Monthly Sheep & Beef report for April. More >>
Kathmandu accepts oversubscriptions in share purchase plan
Wednesday, 18 April 2018, 1:27 pm | BusinessDesk
April 18 (BusinessDesk) - Kathmandu Holdings will take up the full oversubscription in a share purchase plan, raising $50 million to help fund its purchase of US footwear supplier Oboz Footwear. More >>
NZME attracts former ASB boss Barbara Chapman to its board
Wednesday, 18 April 2018, 11:53 am | BusinessDesk
April 18 (BusinessDesk) - NZME has appointed former ASB Bank chief Barbara Chapman as a director as part of the newspaper publisher and radio station operator's efforts to renew the board. More >>
NZ dollar little changed ahead of inflation data
Wednesday, 18 April 2018, 11:41 am | BusinessDesk
April 18 (BusinessDesk) - The New Zealand dollar was little changed ahead of figures tomorrow that are expected to show inflation remains tepid and will give the Reserve Bank no reason to contemplate interest rate hikes. More >>
Netflix, Twitter, UnitedHealth lift Wall St
Wednesday, 18 April 2018, 10:21 am | BusinessDesk
April 18 (BusinessDesk) - Wall Street rose amid better-than-expected results from companies including Netflix and UnitedHealth, bolstering optimism about the outlook for corporate profit growth and valuations. More >>
Dairy product prices gain for first time in five auctions
Wednesday, 18 April 2018, 10:00 am | BusinessDesk
April 18 (BusinessDesk) - Dairy product prices rose at the Global Dairy Trade auction, gaining for the first time in five events, amid strong demand. More >>
MARKET CLOSE: NZ shares fall as Fletcher takes focus
Tuesday, 17 April 2018, 8:43 pm | BusinessDesk
MARKET CLOSE: NZ shares fall as Fletcher rights issue takes focus; AIA, A2, Comvita drop More >>
NZ dollar falls vs greenback on pullback in risk appetite
Tuesday, 17 April 2018, 8:12 pm | BusinessDesk
NZ dollar falls vs greenback on pullback in risk appetite after RBA minutes, China data More >>
Strong govt books offer scope to meet infrastructure deficit
Tuesday, 17 April 2018, 7:32 pm | BusinessDesk
April 17 (BusinessDesk) - The International Monetary Fund gave an optimistic opinion on New Zealand's economic outlook, with the pace of growth seen staying around 3 percent, and says the strong Crown books offer enough headroom to meet the needs ... More >>
Puhoi-to-Warkworth PPP roading contract a nil-margin deal
Tuesday, 17 April 2018, 6:23 pm | BusinessDesk
April 17 (BusinessDesk) - Fletcher Building says the company is currently making zero profit from the Puhoi-to-Warkworth roading contract it holds as part of the NX2 consortium. More >>
Agriculture in ETS a step closer
Tuesday, 17 April 2018, 6:20 pm | BusinessDesk
April 17 (BusinessDesk) - Inclusion of agricultural greenhouse gas emissions in New Zealand’s emissions trading scheme is a step closer with the appointment of a six-member Interim Climate Change Committee. More >>
Fletcher drew down $280M, plans to clear with capital raise
Tuesday, 17 April 2018, 5:30 pm | BusinessDesk
Fletcher drew down $280M on bank facility it now plans to clear with capital raise More >>
Better rainfall improves outlook for NZ gentailers, metrics
Tuesday, 17 April 2018, 4:13 pm | BusinessDesk
April 17 (BusinessDesk) - Favourable rainfall across New Zealand has improved the outlook for the electricity sector according to the latest operating metrics lodged with the NZX. More >>
Cluster theory has failed to take hold in NZ manufacturing
Tuesday, 17 April 2018, 4:07 pm | BusinessDesk
April 17 (BusinessDesk) - Twenty-seven years after the Porter Project recommended New Zealand should pursue a "clusters" strategy to develop its manufacturing base, a government study of the manufacturing sector has found there are "few ... More >>
Unlisted eyes three new issuers in coming quarter
Tuesday, 17 April 2018, 3:36 pm | BusinessDesk
April 17 (BusinessDesk) - Unlisted Securities Exchange, the unlicensed share trading platform, is working with three potential issuers it hopes to bring to market in the coming quarter as it tries to develop a deeper pipeline this year, having retained ... More >>
UPDATE: Restaurant Brands lifts FY profit 37%
Tuesday, 17 April 2018, 3:03 pm | BusinessDesk
April 17 (BusinessDesk) - Restaurant Brands New Zealand increased annual profit 37 percent after the fast-food operator lifted earnings in its local market and benefited from its new businesses in Australia and Hawaii. It's now eyeing expansion to the ... More >>
Powerhouse investee firm Motim calls special meeting
Tuesday, 17 April 2018, 2:58 pm | BusinessDesk
April 17 (BusinessDesk) - Mobile marketing tech firm Motim Technologies, whose chair was dumped by cornerstone shareholder Powerhouse Ventures in January, will hold a special meeting at the end of the month to approve an asset sale as a precursor to ... More >>
Fletcher unveils $1.25B refinancing plan
Tuesday, 17 April 2018, 1:31 pm | BusinessDesk
April 17 (BusinessDesk) - Fletcher Building has unveiled a $1.25 billion refinancing plan to strengthen its balance sheet after extending talks with US noteholders over a breach of its lending conditions. More >>
