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 253]
NZ dollar rises above 73 US cents to 3-week high
Thursday, 5 April 2018, 11:52 am | BusinessDesk
April 5 (BusinessDesk) - The New Zealand dollar rose above 73 US cents for the first time in more than a week, and touched a three-week high, as a pickup in consumer confidence, a bigger-than-expected budget surplus and rising property values underlined ... More >>
NZ residential property values lift 7.3% in year to March
Thursday, 5 April 2018, 10:41 am | BusinessDesk
April 5 (BusinessDesk) - New Zealand residential property values continued to rise in the year to March, but while there was a seasonal pickup in activity, sales volumes were lower than usual as the market continues to show signs of easing. More >>
Wall St, Boeing slide on fresh trade worries
Thursday, 5 April 2018, 9:08 am | BusinessDesk
April 5 (BusinessDesk) - Wall Street slid amid concern about the latest moves towards a potential trade war between the US and China. More >>
MARKET CLOSE: NZ shares up on A2 Milk bounce-back
Wednesday, 4 April 2018, 8:31 pm | BusinessDesk
MARKET CLOSE: NZ shares up on A2 Milk bounce-back, Air NZ and Synlait gain More >>
NZ dollar gains on US-China trade war tensions
Wednesday, 4 April 2018, 8:29 pm | BusinessDesk
April 4 (BusinessDesk) - The New Zealand dollar gained against the US dollar which fell amid worries about escalating US-China trade tension added to fears of a global trade war. More >>
Air NZ, Virgin Australia to end trans-Tasman alliance
Wednesday, 4 April 2018, 8:00 pm | BusinessDesk
April 4 (BusinessDesk) - Air New Zealand and Virgin Australia Holdings will end their seven-year trans-Tasman alliance in October when regulatory approval for their shared services ends. More >>
Winona Capital ups Rodd & Gunn investment
Wednesday, 4 April 2018, 6:53 pm | BusinessDesk
April 4 (BusinessDesk) - Winona Capital, a Chicago-based private equity firm that invests in consumer brands, has put more capital into Rodd & Gunn New Zealand, saying it is "excited" to be supporting the unprofitable clothing chain ... More >>
Te Hiku Iwi says adding forestry rights to OIO stifles
Wednesday, 4 April 2018, 6:52 pm | BusinessDesk
April 4 (BusinessDesk) - Te Hiku Iwi opposes bringing forestry rights into the Overseas Investment screening regime, arguing they will have a material impact on the value of their land and compromise their ability to attract overseas partners. More >>
Govt announces compulsory recall of 50,000 vehicles
Wednesday, 4 April 2018, 6:50 pm | BusinessDesk
April 4 (BusinessDesk) - The government has announced a compulsory recall of 50,000 vehicles with Alpha-type Takata airbags, and praised the Motor Industry Association for pushing the issue for years despite government officials' lack of interest. More >>
Ports of Auckland boss Tony Gibson appointed to Marsden
Wednesday, 4 April 2018, 6:49 pm | BusinessDesk
April 4 (BusinessDesk) - Ports of Auckland chief executive Tony Gibson has joined the board of Marsden Maritime Holdings, which owns half of Northport in Whangarei. More >>
Seeka sells out of Zespri
Wednesday, 4 April 2018, 3:25 pm | BusinessDesk
April 4 (BusinessDesk) - Seeka, New Zealand's biggest kiwifruit grower, has sold out of Zespri Group after opposing constitutional changes at the monopoly export body that tie shareholdings to trays of fruit produced. More >>
OIO signs off on Icebreaker sale to US clothing giant
Wednesday, 4 April 2018, 2:17 pm | BusinessDesk
April 4 (BusinessDesk) - Icebreaker Holdings has been sold to US-based VF Corporation for at least $100 million after the Overseas Investment Office approved the deal. More >>
Vital Healthcare chair Graeme Horsley to retire next month
Wednesday, 4 April 2018, 1:37 pm | BusinessDesk
April 4 (BusinessDesk) - Graeme Horsley will retire as chair of Vital Healthcare Property Trust's manager next month for personal reasons, while chief executive David Carr will join the board. More >>
CORRECT: NZ consumer confidence steady in March
Wednesday, 4 April 2018, 1:24 pm | BusinessDesk
April 4 (BusinessDesk) - New Zealand consumer confidence lifted slightly in March, continuing to recover from last year's weakness as house price growth expectations rose. More >>
NZ govt operating surplus still tracking ahead
Wednesday, 4 April 2018, 1:21 pm | BusinessDesk
April 4 (BusinessDesk) - The New Zealand government's operating surplus is still running ahead of expectations in the first eight months of the financial year as high employment rates bolster income and consumption taxes. More >>
NZ consumer confidence steady in March
Wednesday, 4 April 2018, 1:11 pm | BusinessDesk
April 4 (BusinessDesk) - New Zealand consumer confidence lifted slightly in March, continuing to recover from last year's weakness as house price growth expectations rose. More >>
New vehicle registrations in March
Wednesday, 4 April 2018, 12:05 pm | BusinessDesk
April 4 (BusinessDesk) - New car sales rose in March as demand for commercial vehicles underpinned a recovery from February's decline when several cargo ships were turned away at the border on biosecurity grounds. More >>
NZ dollar gains after failing to break below support levels
Wednesday, 4 April 2018, 11:44 am | BusinessDesk
April 4 (BusinessDesk) - The New Zealand dollar gained after failing to break below its recent support levels and as global risk sentiment improved More >>
Westpac backs agriculture in emissions trading scheme
Wednesday, 4 April 2018, 11:16 am | BusinessDesk
April 4 (BusinessDesk) - The cost to farmers of dealing with climate change will be substantially lower if agriculture enters the emissions trading scheme in a smooth, gradual way, says a report commissioned by Westpac Banking Corp's New Zealand arm. More >>
Dairy product prices fall for fourth straight auction
Wednesday, 4 April 2018, 9:46 am | BusinessDesk
April 4 (BusinessDesk) - Dairy product prices fell at the Global Dairy Trade auction, dragged lower by an unexpected plunge in anhydrous milk fat. More >>
