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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 262]
MARKET CLOSE: NZ shares mixed; Sky TV, Fletcher gain
Thursday, 15 March 2018, 8:38 pm | BusinessDesk
MARKET CLOSE: NZ shares mixed; Sky TV, Fletcher gain while Spark, Ebos go ex-dividend More >>
NZ dollar little changed after weaker 4Q GDP
Thursday, 15 March 2018, 8:38 pm | BusinessDesk
March 15 (BusinessDesk) - The New Zealand dollar was little changed, benefiting from ongoing US dollar weakness despite initially falling on weaker-than-expected domestic economic growth. More >>
Liquidator of UBNZ Assets: BMW secured as criminal proceeds
Thursday, 15 March 2018, 8:37 pm | BusinessDesk
March 15 (BusinessDesk) - UBNZ Assets Holdings, the dairy investment company set up for an unsuccessful attempt to acquire the Crafar farms in 2010, has a BMW vehicle that is still subject to a restraining order under the Criminal Proceeds (Recovery) ... More >>
Lyttelton Port workers to resume strike next week
Thursday, 15 March 2018, 6:52 pm | BusinessDesk
March 15 (BusinessDesk) - Members of the Rail and Maritime Transport Union will recommence striking at Lyttelton Port next Tuesday after mediation today failed, the union said. More >>
Treasury seeks financial gurus for green investment fund
Thursday, 15 March 2018, 6:51 pm | BusinessDesk
March 15 (BusinessDesk) - The Treasury is seeking financial advisers to work out the best use of the government's $100 million green investment fund and report back by July. More >>
PGG Wrightson 'open to options'
Thursday, 15 March 2018, 3:44 pm | BusinessDesk
March 15 (BusinessDesk) - PGG Wrightson is "open to options" after the firm hired investment bankers for a strategic review of the business and Australian media reported that it is preparing non-disclosure agreements with interested parties. More >>
NZ lamb, mutton returns at record levels as supplies dwindle
Thursday, 15 March 2018, 3:24 pm | BusinessDesk
March 15 (BusinessDesk) - New Zealand meat processors are having to pay more for lambs as supplies dwindle, pushing lamb and mutton returns for Kiwi farmers to record levels for this time of the year, according to AgriHQ's Monthly Sheep & Beef report ... More >>
UPDATE: NZ economy softer than expected in 4Q
Thursday, 15 March 2018, 3:08 pm | BusinessDesk
March 15 (BusinessDesk) - The New Zealand dollar fell a quarter US cent after news New Zealand's economy grew at a slower-than-expected pace in the fourth quarter and economists now expect near-term growth to remain subdued. More >>
Minginui Nursery to get $5.8M from provincial growth fund
Thursday, 15 March 2018, 2:38 pm | BusinessDesk
March 15 (BusinessDesk) - Ngāti Whare Holdings' Minginui Nursery is the latest beneficiary of Regional Economic Development Minister Shane Jones's provincial growth fund, securing $5.8 million over the next three years to scale up its seedling production. More >>
NZ economy grows less than expected in fourth quarter
Thursday, 15 March 2018, 1:57 pm | BusinessDesk
March 15 (BusinessDesk) - New Zealand's economy grew at a slower-than-expected pace in the fourth quarter as unfavourable weather weighed on agricultural output, offsetting strong services activity. The kiwi fell a quarter US cent. More >>
CORRECT: Lyttelton port strike causing 'major disruption'
Thursday, 15 March 2018, 1:56 pm | BusinessDesk
March 15 (BusinessDesk) - Canterbury’s manufacturers are frustrated that the on-again, off-again Lyttelton port strike is causing delays in receiving crucial materials, and pushing freight costs up because of the need to transport goods to and from other ... More >>
Ebos hires Telstra's Shaun Hughes as chief financial officer
Thursday, 15 March 2018, 1:03 pm | BusinessDesk
Ebos hires Telstra's Shaun Hughes as chief financial officer after promoting Cullity to CEO More >>
Lyttleton port strike causing 'major disruption'
Thursday, 15 March 2018, 12:44 pm | BusinessDesk
March 15 (BusinessDesk) - Canterbury’s manufacturers are frustrated that the on-again, off-again Lyttleton port strike is causing delays in receiving crucial materials, and pushing freight costs up because of the need to transport goods to and from other ... More >>
NZ SMEs lag Asia-Pacific peers on digital tech
Thursday, 15 March 2018, 12:25 pm | BusinessDesk
March 15 (BusinessDesk) - New Zealand small businesses are technology laggards compared to their peers in a swag of other countries in the Asia-Pacific region, with owner satisfaction one of the few areas where Kiwi SMEs show above average scores, according ... More >>
NZ dollar little changed before GDP data
Thursday, 15 March 2018, 11:40 am | BusinessDesk
March 15 (BusinessDesk) - The New Zealand dollar was little changed, holding above 73 US cents ahead of figures that may show the economy accelerated in the fourth quarter, a contrast to the most recent US data which showed weaker retail sales. More >>
While you were sleeping: US Treasuries gain, Wall St mixed
Thursday, 15 March 2018, 10:23 am | BusinessDesk
March 15 (BusinessDesk) - US Treasuries gained while Wall Street was mixed amid concern about rising odds of a global trade war prompted by US President Donald Trump’s moves towards protectionism. More >>
MARKET CLOSE: NZ shares drop on weak offshore leads
Thursday, 15 March 2018, 9:51 am | BusinessDesk
March 14 (BusinessDesk) - New Zealand shares fell, on weak offshore leads and local stocks giving up dividend rights, with Sky Network Television, New Zealand Refining Co and Mercury New Zealand declining. More >>
BioLumic raises US$5M for UV crop enhancement system
Thursday, 15 March 2018, 9:10 am | BusinessDesk
March 15 (BusinessDesk) - BioLumic has raised US$5 million in funding to help deal with growing global demand for increased agricultural crop yields using short-duration ultra-violet treatments rather than genetic modification or chemicals. More >>
Zespri shareholders back constitutional changes
Wednesday, 14 March 2018, 8:51 pm | BusinessDesk
March 14 (BusinessDesk) - Zespri shareholders voted in favor of constitutional changes aimed at strengthening grower ownership and control of New Zealand's statutory kiwifruit exporter, according to preliminary results from a special meeting held today in Mt ... More >>
MARKET CLOSE: NZ shares drop on weak offshore leads
Wednesday, 14 March 2018, 8:43 pm | BusinessDesk
MARKET CLOSE: NZ shares drop on weak offshore leads, Sky TV and NZ Refining fall on dividends More >>
