Scoop has an Ethical Paywall
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 252]
Taranaki tourism gets bulk of $20 mln boost from Jones
Friday, 6 April 2018, 4:30 pm | BusinessDesk
April 6 (BusinessDesk) - Taranaki's tourism sector is getting the bulk of a $20 million injection from Regional Economic Development Minister Shane Jones's provincial growth fund to help wean the region off its reliance on the dairy and energy industries. More >>
Trump's stiffer China tariffs spook investors
Friday, 6 April 2018, 3:34 pm | BusinessDesk
April 6 (BusinessDesk) - The New Zealand dollar dropped after US President Donald Trump called for US$100 billion of additional tariffs on Chinese goods, ratcheting up concerns about a global trade war and triggering a spike in risk aversion among ... More >>
Summerset first quarter sales fall 16%
Friday, 6 April 2018, 12:58 pm | BusinessDesk
Summerset first quarter sales fall 16%; on track to deliver 450 new homes in 2018 More >>
ERoad lifts annual sales 62%, meeting guidance
Friday, 6 April 2018, 12:48 pm | BusinessDesk
April 6 (BusinessDesk) - ERoad's annual sales of contracted units rose 62 percent, meeting guidance, as the logistics and fleet management firm's North American expansion continues to accelerate. More >>
Thaw in US-China trade stoush bolsters greenback
Friday, 6 April 2018, 11:38 am | BusinessDesk
April 6 (BusinessDesk) - The New Zealand dollar fell as a perceived thaw in the US-China trade relations stand-off stoked demand for the greenback and renewed investors' appetite for risk-sensitive assets, pushing stocks on Wall Street higher. More >>
Equities rally as US, China plan trade talks
Friday, 6 April 2018, 8:47 am | BusinessDesk
April 6 (BusinessDesk) - Equities on both sides of the Atlantic rallied amid signs that the US and China will negotiate to halt an escalating trade dispute that has dampened an otherwise optimistic outlook for corporate profits and economic growth. More >>
MARKET CLOSE: NZ shares drop led by Sky TV, Fletcher
Thursday, 5 April 2018, 8:48 pm | BusinessDesk
MARKET CLOSE: NZ shares drop led by Sky TV, Fletcher at 9-year low; Kathmandu, Synlait gain More >>
NZ dollar gains against Aussie as investors fret
Thursday, 5 April 2018, 8:47 pm | BusinessDesk
April 5 (BusinessDesk) - The New Zealand dollar rose against the Australian dollar as investors shrugged off better data across the Tasman and remained jittery about the potential impact of a global trade war. Concerns did ease slightly in Asian trading ... More >>
Scott Technology lifts first-half profit 26%
Thursday, 5 April 2018, 7:38 pm | BusinessDesk
April 5 (BusinessDesk) - Scott Technology boosted first-half profit 26 percent as demand for the Dunedin-based firm's automation and robotics systems saw it operating near full capacity. More >>
Lyttelton Port workers plan second strike
Thursday, 5 April 2018, 7:36 pm | BusinessDesk
April 5 (BusinessDesk) - Lyttelton Port Co workers belonging to the Rail and Maritime Transport Union (RMTU) will begin striking again later this month as the union and maritime hub operator remain in dispute over pay and rosters. More >>
Advanced water schemes keep Crown funding
Thursday, 5 April 2018, 6:34 pm | BusinessDesk
April 5 (BusinessDesk) - The government will help fund the construction of irrigation projects on the Canterbury plains and near Kurow and Nelson as it winds back support for large-scale water schemes. More >>
First NZ Capital teams up with equity analysts
Thursday, 5 April 2018, 5:38 pm | BusinessDesk
April 5 (BusinessDesk) - Broking firm First NZ Capital (FNZC) has done a deal with Auckland-based stock analysis company Shareclarity to provide equity research for independent retail investors. More >>
Orion, punished over forecast misses, can return to profit
Thursday, 5 April 2018, 5:11 pm | BusinessDesk
April 4 (BusinessDesk) - Orion Health Group, whose shares hit a record low this week after the company cut guidance for the third time, can reach profitability with further cost-cutting and may not need to raise more capital, says chief financial officer ... More >>
Bapcor disposes Hellaby assets with $35M sale of TBS Group
Thursday, 5 April 2018, 5:03 pm | BusinessDesk
April 5 (BusinessDesk) - ASX-listed autoparts maker Bapcor has exited the last of the leftover Hellaby Holdings assets it didn't want with the sale of industrial asset maintenance firm TBS Group for $35 million, reaping more from the divestments than ... More >>
NZ commodity prices rise in March
Thursday, 5 April 2018, 4:18 pm | BusinessDesk
April 5 (BusinessDesk) - New Zealand commodity prices rose for a third month in March as tight supply bolstered prices for dairy and meat products and Chinese demand continued to underpin forestry. Aluminium prices fell as the US imposed tariffs, stoking trade ... More >>
NZ carpet maker Cavalier on growth path
Thursday, 5 April 2018, 4:06 pm | BusinessDesk
April 5 (BusinessDesk) - New Zealand carpet maker Cavalier Corp is emerging from a “tough” period after an influx of cheaper synthetics forced it to restructure its business to compete. It has now streamlined its operations and with most of the ... More >>
Jasmax job cuts bite; managing partner resigns
Thursday, 5 April 2018, 2:20 pm | BusinessDesk
April 5 (BusinessDesk) - New Zealand’s biggest architectural firm Jasmax is laying off staff and has seen its managing partner resign from the company. More >>
Synlait to double lactoferrin output with $18M investment
Thursday, 5 April 2018, 2:02 pm | BusinessDesk
April 5 (BusinessDesk) - Synlait Milk said it will spend about $18 million to double production of lactoferrin at its Dunsandel plant after securing a multi-year agreement to supply the high-value milk protein. More >>
Auckland housing market perks up in March
Thursday, 5 April 2018, 2:00 pm | BusinessDesk
April 5 (BusinessDesk) - The Auckland residential property market showed some signs of life in March with sales reaching their highest point in 12 months, according to the city's largest realtor. More >>
NZ share trading volume rises in March
Thursday, 5 April 2018, 1:14 pm | BusinessDesk
April 5 (BusinessDesk) - New Zealand share trading continued to push higher in March but values fell against a backdrop of global volatility as investors grew increasingly concerned about the prospect of a global trade war. More >>
