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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 264]
Summerset climbs to record as First NZ upgrades stock
Tuesday, 13 March 2018, 6:51 pm | BusinessDesk
March 13 (BusinessDesk) - Summerset Group shares rose to a record after the stock was upgraded by First NZ Capital, which has been impressed by the retirement village operator's development capability. More >>
Tensions between traditional and extended company reporting
Tuesday, 13 March 2018, 6:51 pm | BusinessDesk
March 13 (BusinessDesk) - Some three-quarters of the chief financial officers of New Zealand public companies are either unaware of or not interested in emerging methods for extending reporting beyond traditional financial indicators, according ... More >>
Spencer calls for permanent macro-prudential framework
Tuesday, 13 March 2018, 4:56 pm | BusinessDesk
March 13 (BusinessDesk) - Reserve Bank acting governor Grant Spencer says the government should consider a permanent structure for macro-prudential tools, which he attributes as helping the regulator meet its policy objectives. More >>
Smartpay shares jump 35% on deal to offer Alipay
Tuesday, 13 March 2018, 4:15 pm | BusinessDesk
Smartpay shares jump 35% on deal to offer Alipay via eftpos terminals in NZ, Australia More >>
Forest & Bird appeals primacy of Crown Minerals Act
Tuesday, 13 March 2018, 3:07 pm | BusinessDesk
Forest & Bird appeals primacy of Crown Minerals Act in Te Kuha coal mine application By Paul McBeth More >>
Outdated copyright law makes NZ 'less attractive'
Tuesday, 13 March 2018, 2:55 pm | BusinessDesk
March 13 (BusinessDesk) - New Zealand's current copyright laws are outdated and are likely to hamper digital innovation and experimentation, Deloitte says in a report commissioned by global search engine Google. More >>
NZ food prices fall 0.5% in February
Tuesday, 13 March 2018, 2:08 pm | BusinessDesk
March 13 (BusinessDesk) - New Zealand food prices fell 0.5 percent in February on cheaper beef, chicken and grocery food prices. More >>
Business Bakery to pay some of Citic's transaction costs
Tuesday, 13 March 2018, 2:07 pm | BusinessDesk
March 13 (BusinessDesk) - Trilogy International cornerstone shareholder Business Bakery will foot the bill for some of Citic Capital Partners' costs arising from the Chinese investor's $211 million bid for the NZX-listed skincare products and ... More >>
Meridian gets silver lining from February's ex-cyclones
Tuesday, 13 March 2018, 1:32 pm | BusinessDesk
Meridian gets silver lining from February's ex-cyclones with rain dump in hydro lakes More >>
NZ dollar falls ahead of US CPI, Spencer speech
Tuesday, 13 March 2018, 11:42 am | BusinessDesk
March 13 (BusinessDesk) - The New Zealand dollar fell ahead of US inflation data, which may provide clues to the pace of US rate hikes, while domestically traders will be watching for a speech by acting Reserve Bank governor Grant Spencer and February ... More >>
Wall St mixed as it eyes inflation data, trade moves
Tuesday, 13 March 2018, 9:50 am | BusinessDesk
March 13 (BusinessDesk) - Wall Street was mixed, with the Dow and the S&P 500 giving up earlier gains, as investors eyed the latest inflation data scheduled for release this week as well as further trade negotiations prompted by the new US tariffs ... More >>
KET CLOSE: NZ shares gain, A2 Milk rises on index hopes
Monday, 12 March 2018, 8:31 pm | BusinessDesk
MARKET CLOSE: NZ shares gain, A2 Milk rises on index hopes, Pushpay up while Heartland drops More >>
NZ seeks exemptions from US steel and aluminium tariffs
Monday, 12 March 2018, 8:20 pm | BusinessDesk
March 12 (BusinessDesk) - New Zealand is actively seeking exemption from the punitive tariffs imposed on imports of steel and aluminium to the United States, arguing the country has a relationship with the US "not unlike Australia's", is running ... More >>
NZ dollar climbs to 2-week high after tepid US wages growth
Monday, 12 March 2018, 8:19 pm | BusinessDesk
March 12 (BusinessDesk) - The New Zealand dollar rose to a two-week high against the greenback, joining a rally across Asian equity markets, after a slowdown in the pace of US wage growth led investors to pare back US rate hike expectations. More >>
Trade war could create 'considerable fallout' to NZ economy
Monday, 12 March 2018, 7:54 pm | BusinessDesk
March 12 (BusinessDesk) - New Zealand's small and trade-reliant economy faces "considerable fallout" if the imposition of US tariffs on steel and aluminium triggers a trade war, say ASB Bank economists. More >>
International hotel developers keen on New Zealand
Monday, 12 March 2018, 6:23 pm | BusinessDesk
March 12 (BusinessDesk) - International hotel developers are stepping up their interest in New Zealand as guest nights and tourism inflows continue to hit new records, according to Bayleys Real Estate. More >>
Pioneer Capital sells Pukeko Pictures stake
Monday, 12 March 2018, 6:22 pm | BusinessDesk
March 12 (BusinessDesk) - Investment firm Pioneer Capital has settled the sale of its 33 percent stake in Wellington TV and film animation production house Pukeko Pictures to China's Hengxin Shambala Culture for $15 million. More >>
Caniwi Capital buys exposure to housing boom
Monday, 12 March 2018, 6:21 pm | BusinessDesk
March 12 (BusinessDesk) - Wellington-based private equity fund Caniwi Capital has purchased Auckland-based Lancer Aluminium, buying exposure to the booming Auckland residential construction market through the firm, which makes aluminium window and ... More >>
Spark trims senior leadership team, will flatten structure
Monday, 12 March 2018, 6:20 pm | BusinessDesk
March 12 (BusinessDesk) - Spark New Zealand will trim its senior leadership team as it shifts to a flatter, less hierarchical structure from the September quarter. More >>
Wool in one of its 'best moments' on millennial demand
Monday, 12 March 2018, 3:12 pm | BusinessDesk
March 12 (BusinessDesk) - The head of 150-year old Italian textile mill Successori Reda, who has spent the past week in the merino growing regions of the South Island with his top executives, says wool is having one of its best ever moments, driven ... More >>
