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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 265]
Briscoe fends off margin squeeze
Monday, 12 March 2018, 3:09 pm | BusinessDesk
March 12 (BusinessDesk) - Briscoe Group coped with a margin squeeze in the latest financial year to deliver a new record profit as sales growth continued to underpin earnings. More >>
NZ guest nights hits record in January
Monday, 12 March 2018, 2:40 pm | BusinessDesk
March 12 (BusinessDesk) - New Zealand guest nights hit a record in January, rising 1.4 percent on the year with hotels and holiday parks in high demand. More >>
Brendan O'Donovan to take Cooperative Bank chair in June
Monday, 12 March 2018, 2:29 pm | BusinessDesk
March 12 (BusinessDesk) - Cooperative Bank director Brendan O'Donovan will take over the lender's chair in late June, replacing Steven Fyfe who plans to retire at the bank's annual meeting. More >>
Arvida on track to build 94 new units in second half
Monday, 12 March 2018, 1:28 pm | BusinessDesk
Arvida on track to build 94 new units in second half, says Fletcher relationship 'strong' More >>
Investore will pay at least 4.4% in $100 mln bond offer
Monday, 12 March 2018, 1:22 pm | BusinessDesk
March 12 (BusinessDesk) - Investore Property will pay annual interest of at least 4.4 percent on its $100 million bond offer after setting its indicative margin ahead of next week's bookbuild, where the final price will be set. More >>
Trilogy warns annual earnings may get hit by volatile sales
Monday, 12 March 2018, 12:23 pm | BusinessDesk
March 12 (BusinessDesk) - Trilogy International has warned annual earnings may fall short of official guidance after a volatile quarter for its Ecoya scented candles and uncertainty as to the timing of some Lanocorp beauty products orders. More >>
NZ dollar holds gains
Monday, 12 March 2018, 11:43 am | BusinessDesk
March 12 (BusinessDesk) - The New Zealand dollar held its gains as weaker-than-expected US wage growth weighed on the outlook for US interest rates, while domestic economic data and trade uncertainty remain the focus for local investors. More >>
World Week Ahead: US inflation, retail sales in focus
Monday, 12 March 2018, 11:08 am | BusinessDesk
March 12 (BusinessDesk) - Investors will eye the latest data on US inflation and retail sales to gauge the outlook for the pace of Federal Reserve interest rate increases, while investors will also scrutinise any further developments on global trade and ... More >>
MARKET CLOSE: NZ shares rise; Metro Glass rebounds
Friday, 9 March 2018, 10:13 pm | BusinessDesk
March 9 (BusinessDesk) - New Zealand shares rose, led higher by a rebounding Metro Performance Glass. Spark New Zealand gained while Comvita fell. More >>
NZ dollar heads for 0.4% weekly gain
Friday, 9 March 2018, 8:16 pm | BusinessDesk
March 9 (BusinessDesk) - The New Zealand dollar is headed for a 0.4 percent weekly gain against the greenback after getting a lift from North Korean leader Kim Jong Un's offer to stop nuclear missile testing and US President Donald Trump agreed to ... More >>
NZ economy may have expanded 0.8% in 4Q
Friday, 9 March 2018, 7:44 pm | BusinessDesk
March 9 (BusinessDesk) - New Zealand's economic growth probably accelerated in the fourth quarter as primary industries recovered from a lull, services sector activity expansion continued, and the housing market showed renewed signs of life. More >>
Robertson seeks investment community help for new ideas
Friday, 9 March 2018, 7:43 pm | BusinessDesk
March 9 (BusinessDesk) - Finance Minister Grant Robertson wants to draw on the experience of the country's investment community to find new ways to fund major infrastructure, which will exceed the government's ability to foot the bill. More >>
Meccano 2016 administrators announce wind down of business
Friday, 9 March 2018, 4:01 pm | BusinessDesk
March 9 (BusinessDesk) - The administrators of Meccano 2016, which went into voluntary administration in February, said they had been unable to secure a buyer for the business and they will now wind down the menswear business. More >>
Skim milk price spike sparks GDT oversight investigation
Friday, 9 March 2018, 3:34 pm | BusinessDesk
March 9 (BusinessDesk) - Global Dairy Trade, the dairy products trading platform owned by Fonterra Cooperative Group, is looking into a price spike in ultra-high temperature skim milk powder at this week's auction, which on the surface looks to ... More >>
ComCom clears Kraft Heinz to buy NZ Cerebos units
Friday, 9 March 2018, 3:05 pm | BusinessDesk
March 9 (BusinessDesk) - The Commerce Commission has cleared US food company Kraft Heinz to buy Cerebos Food & Instant Coffee and Asian Home Gourmet from Japan's Suntory Beverage & Food, subject to the divestment of some sauce brands. More >>
Retail card spending growth slows in February
Friday, 9 March 2018, 2:41 pm | BusinessDesk
March 9 (BusinessDesk) - New Zealand retail spending on electronic cards gained slightly in February, but was subdued in most retail industries with spending on groceries and liquor falling. More >>
NZ construction activity to 'remain strong'
Friday, 9 March 2018, 1:41 pm | BusinessDesk
March 9 (BusinessDesk) - New Zealand construction activity is expected to remain strong in coming years even as population growth slows, as the sector plays catch up after record levels of tourism and migration, according to a property consultancy. More >>
Exporters welcome CPTPP as a counter to threat of trade war
Friday, 9 March 2018, 1:36 pm | BusinessDesk
NZ exporters welcome CPTPP as a counter to threat of trade war sparked by US tariffs More >>
ComCom rejects Trade Me's takeover of rival
Friday, 9 March 2018, 12:10 pm | BusinessDesk
March 9 (BusinessDesk) - The Commerce Commission has rejected online auction site Trade Me's purchase of rival auto marketplace Motorcentral, saying it couldn't rule out the tie-up undermining competition in the market. More >>
NZ dollar falls as greenback gains
Friday, 9 March 2018, 11:55 am | BusinessDesk
March 9 (BusinessDesk) - The New Zealand dollar fell against a broadly stronger US dollar after a White House spokeswoman hinted at exemptions to US tariffs on steel and aluminium imports and after the European Central Bank said inflation in the economic ... More >>
