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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 250]
NZX proposes higher listing bar, looser reporting rules
Wednesday, 11 April 2018, 6:52 pm | BusinessDesk
April 11 (BusinessDesk) - NZX will ditch its small-cap markets and introduce a higher minimum capitalisation in proposed changes to listing rules, which would also let firms file pared-back first-half financial information. More >>
Shephard Dunphy join BDO fold
Wednesday, 11 April 2018, 5:47 pm | BusinessDesk
April 11 (BusinessDesk) - Wellington insolvency firm Shephard Dunphy has thrown its lot in with BDO, making the accounting firm the country's third-biggest insolvency practice and providing it a ready-made foothold in the capital city. More >>
Powerhouse plans to double shares on issue in offer
Wednesday, 11 April 2018, 5:35 pm | BusinessDesk
Powerhouse plans to double shares on issue in offer to raise up to A$5.8 mln More >>
Pushpay annualised revenue growth stalls in March qtr
Wednesday, 11 April 2018, 4:41 pm | BusinessDesk
April 11 (BusinessDesk) - Pushpay Holdings, said annualised committed monthly revenue fell 19 percent in the March quarter, marking the mobile payments app company's first quarterly decline, which it blamed on seasonality and veering away from adding small ... More >>
Longreach Oil inks deal to buy fledgling NZ dairy
Wednesday, 11 April 2018, 3:50 pm | BusinessDesk
April 11 (BusinessDesk) - Australia's Longreach Oil has agreed to a buy a New Zealand company which plans to develop a dairy factory in Otorohanga, as it seeks to bolster its investment portfolio and resume trading on the ASX. More >>
Australia's NZ Steel continues campaign against imports
Wednesday, 11 April 2018, 3:45 pm | BusinessDesk
April 11 (BusinessDesk) - Australian-owned New Zealand Steel is persisting with its campaign to secure greater protection from Chinese imports, lodging its third complaint that dumped foreign-produced goods are undercutting local manufacturers. More >>
Speirs sells stake in Rosa Foods for 'modest premium'
Wednesday, 11 April 2018, 2:54 pm | BusinessDesk
April 11 (BusinessDesk) - Speirs Group, the fresh food processing business founded by the Speirs family, sold the 40 percent stake in Rosa Foods it has owned for the past decade at a "modest premium" to its $714,000 carrying value, saying ... More >>
Fonterra's 'asset beta' may be too low
Wednesday, 11 April 2018, 2:31 pm | BusinessDesk
April 11 (BusinessDesk) - Advisory firms that looked into the 'asset beta' Fonterra Cooperative Group uses to determine the farmgate milk price say it may be too low, meaning its farmer-shareholders are receiving a bigger payout than warranted under ... More >>
Longreach Oil inks deal to buy fledgling NZ dairy company
Wednesday, 11 April 2018, 1:46 pm | BusinessDesk
April 11 (BusinessDesk) - Australia's Longreach Oil has agreed to a buy a New Zealand company which plans to develop a dairy factory in Otorohanga, as it seeks to bolster its investment portfolio and resume trading on the ASX. More >>
Infratil says 2018 earnings at top-end of guidance
Wednesday, 11 April 2018, 1:07 pm | BusinessDesk
April 11 (BusinessDesk) - Infratil says annual earnings were at the top end of guidance, which was bolstered by favourable rainfall for its Trustpower investor, and may pay special dividends if the investor reaps gains on development gains to boost returns. More >>
Kiwi Property Group to sell North City Shopping Centre
Wednesday, 11 April 2018, 12:53 pm | BusinessDesk
April 11 (BusinessDesk) - Kiwi Property Group, which manages a $3.1 billion portfolio of shopping centres and office buildings, is selling North City Shopping Centre in Porirua, for $100 million to a private investor. More >>
NZ dollar gains to 7-week high
Wednesday, 11 April 2018, 11:55 am | BusinessDesk
April 11 (BusinessDesk) - The New Zealand dollar rose to the highest level in seven weeks as US President Donald Trump tweeted his thanks to Chinese President Xi Jinping for saying he was committed to an open economy and lower tariffs. More >>
Equities, oil climb as Xi calms trade worries
Wednesday, 11 April 2018, 9:48 am | BusinessDesk
April 11 (BusinessDesk) - Equities on both sides of the Atlantic climbed, as did the price of oil, as Chinese President Xi Jinping said he remains committed to opening up the country’s economy, calming concerns about a global trade war. More >>
MARKET CLOSE: NZ shares gain as Xi speech lifts sentiment
Tuesday, 10 April 2018, 9:03 pm | BusinessDesk
MARKET CLOSE: NZ shares gain as Xi speech lifts sentiment; Pushpay, Ryman, Air NZ, ANZ rise More >>
NZ dollar gains as conciliatory President Xi soothes
Tuesday, 10 April 2018, 8:18 pm | BusinessDesk
April 10 (BusinessDesk) - The New Zealand dollar rose after Chinese President Xi Jinping soothed investor jitters over a possible trade war between China and the US. More >>
Van Leeuwen owner awaits M.bovis compo
Tuesday, 10 April 2018, 7:59 pm | BusinessDesk
April 10 (BusinessDesk) - Aad Van Leeuwen is still waiting for compensation from the Ministry for Primary Industries more than nine months after he reported the outbreak of Mycoplasma bovis in his South Canterbury herds. More >>
Faafoi wants easier-to-understand adviser disclosure
Tuesday, 10 April 2018, 5:55 pm | BusinessDesk
April 10 (BusinessDesk) - Commerce and Consumer Affairs Minister Kris Faafoi wants more easily-understood financial adviser disclosure rules to make sure customers aren't led astray, and is seeking submissions on regulations accompanying the upcoming ... More >>
Tainui, Ngai Tahu get $35.3M top-up over dispute
Tuesday, 10 April 2018, 5:09 pm | BusinessDesk
April 10 (BusinessDesk) - Iwi heavyweights Waikato-Tainui and Ngai Tahu have received a $35.3 million top-up after disputing the way the Crown valued settlements when the payouts breached the $1 billion fiscal envelope six years ago. More >>
IkeGPS confirms weaker Spike sales
Tuesday, 10 April 2018, 3:45 pm | BusinessDesk
April 10 (BusinessDesk) - IkeGPS, the unprofitable laser measurement toolmaker, has confirmed weaker-than-forecast of its Spike product in 2018 and an increase in sales of its IKE product for measuring polls and other aerial plants. More >>
Landcorp goes with back-up offer in Jericho Station sale
Tuesday, 10 April 2018, 2:28 pm | BusinessDesk
April 10 (BusinessDesk) - Landcorp Farming, the state-owned farmer trading as Pāmu Farms of New Zealand, has gone with a back-up bidder for its Jericho Station sheep and beef farm in Fiordland after the preferred foreign buyer withdrew. More >>
