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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 248]
Ellerston Capital sees Fletcher as a turnaround story
Monday, 16 April 2018, 1:09 pm | BusinessDesk
Ellerston Capital, with interest in 5.1% Fletcher stake, sees builder as a turnaround story More >>
Genesis Energy nabs former ASB CEO Barbara Chapman
Monday, 16 April 2018, 1:02 pm | BusinessDesk
April 16 (BusinessDesk) - Genesis Energy, New Zealand's largest electricity generator and retailer by customers, has lured former ASB Bank chief executive Barbara Chapman onto its board, replacing John Leuchars, who is leaving after a six-year stint as ... More >>
Spark buys Rugby World Cup broadcast rights
Monday, 16 April 2018, 12:15 pm | BusinessDesk
April 16 (BusinessDesk) - Spark New Zealand has bought broadcasting rights to the 2019 Rugby World Cup and several other competitions for an undisclosed sum and has tapped Television New Zealand to provide free-to-air coverage and bolster production ... More >>
NZ dollar falls vs Aussie on China import data
Monday, 16 April 2018, 11:45 am | BusinessDesk
April 16 (BusinessDesk) - The New Zealand dollar fell against its Australian counterpart as the Aussie benefitted from stronger-than-expected Chinese import data and ahead of domestic data this week which is expected to show inflation remains weak. More >>
World Week Ahead: Focus on US earnings
Monday, 16 April 2018, 10:59 am | BusinessDesk
April 16 (BusinessDesk) - Investors are gearing up for the latest earnings from US companies including Goldman Sachs and Bank of America as well as a host of speeches by Federal Reserve officials and fresh reports on retail sales and industrial production. More >>
MARKET CLOSE: NZ shares rise as Fletcher jumps
Friday, 13 April 2018, 8:40 pm | BusinessDesk
MARKET CLOSE: NZ shares rise as Fletcher jumps on Wesfarmers report, Mercury, A2 Milk fall More >>
NZ dollar heads for 1.5% weekly gain as trade
Friday, 13 April 2018, 8:10 pm | BusinessDesk
April 13 (BusinessDesk) - The New Zealand dollar is heading for a 1.5 percent gain against the greenback this week as investors' jitters over a possible global trade war and a US attack against Syria abated, stoking risk appetite. More >>
NZ lagging in climate-related investment opportunities
Friday, 13 April 2018, 8:09 pm | BusinessDesk
April 13 (BusinessDesk) - New Zealand is lagging behind other countries, and well behind Australia, in creating opportunities to invest in combating climate change, says a preliminary survey of the country's 'climate finance landscape' released by ... More >>
ACC tops up holding of beat-up MetroGlass shares
Friday, 13 April 2018, 7:21 pm | BusinessDesk
April 13 (BusinessDesk) - Accident Compensation Corp has topped up its holding of Metro Performance Glass, taking advantage of a stock that has shed almost two-thirds of its value in the past 17 months and touched a record low last month. More >>
First Union upbeat about living wage for bus drivers
Friday, 13 April 2018, 7:04 pm | BusinessDesk
April 13 (BusinessDesk) - A successful tender by Infratil-owned NZ Bus in Bay of Plenty where higher wages were a selling point is being touted as a win by First Union, which says it successfully lobbied the local council to change its policy. More >>
Powerhouse cancels stock offer
Friday, 13 April 2018, 6:30 pm | BusinessDesk
April 13 (BusinessDesk) - ASX-listed incubator Powerhouse Ventures has dumped plans to raise A$5.8 million in a one-for-one rights issue, accepting less than a third as much from two major shareholders offering a lifeline. More >>
Parker wants public input in pursuit of progressive trade
Friday, 13 April 2018, 5:25 pm | BusinessDesk
Parker wants public input in pursuit of progressive trade as PM flies flag in Europe More >>
Fletcher stock jumps 13%
Friday, 13 April 2018, 2:35 pm | BusinessDesk
April 13 (BusinessDesk) - Fletcher Building shares jumped 13 percent after the Sydney Morning Herald reported that Wesfarmers has acquired a small stake in the company in a possible precursor to a full takeover. More >>
UPDATE: ComCom files charges against Vodafone
Friday, 13 April 2018, 2:32 pm | BusinessDesk
April 13 (BusinessDesk) - Vodafone New Zealand will defend 27 charges laid by Commerce Commission for false and misleading conduct, alleging the telecommunications company misled consumers into thinking its FibreX product was a full fibre-optic broadband ... More >>
NZX targets 'natural advantage' in primary industries
Friday, 13 April 2018, 2:20 pm | BusinessDesk
April 13 (BusinessDesk) - NZX wants to capture New Zealand's "natural advantage" in the primary sector with a new index tracking listed industry players and build on the early success of its dairy derivatives market, says chief executive Mark Peterson. More >>
NZ manufacturing activity eases in March
Friday, 13 April 2018, 2:07 pm | BusinessDesk
April 13 (BusinessDesk) - New Zealand's manufacturing activity eased in March, weighed on by a slide in the production index that edged close to contraction. More >>
NZ's biggest gas user, Methanex, fears for long-term output
Friday, 13 April 2018, 1:44 pm | BusinessDesk
April 13 (BusinessDesk) - Banning new offshore gas exploration "has significant implications for long-term gas supply" says Methanex New Zealand, which uses around 40 percent of all natural gas produced in this country to manufacture methanol, ... More >>
ComCom lays 27 charges against Vodafone
Friday, 13 April 2018, 1:04 pm | BusinessDesk
April 13 (BusinessDesk) - The Commerce Commission has laid 27 charges against Vodafone New Zealand for false and misleading conduct, alleging the telecommunications company misled consumers into thinking its FibreX product was a full fibre-optic broadband ... More >>
Chorus slows customer loss in March quarter
Friday, 13 April 2018, 12:26 pm | BusinessDesk
April 13 (BusinessDesk) - Chorus continued to slow its customer loss as households ditch their copper services in favour of fibre, with total fixed-line connections slipping 1 percent. More >>
NZ dollar gains vs greenback as Trump backtracks
Friday, 13 April 2018, 11:48 am | BusinessDesk
April 13 (BusinessDesk) - The New Zealand dollar rose against the US dollar after US President Donald Trump appeared to backtrack on his intention to attack Syria, reviving risk appetite and reducing demand for safe-haven currencies such as the ... More >>
