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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 267]
UPDATE: No breakthrough in Lyttleton Port strike mediation
Wednesday, 7 March 2018, 6:17 pm | BusinessDesk
March 7 (BusinessDesk) - Mediation talks between Lyttleton Port Co and the Rail and Maritime Transport Union broke for lunch without any deal being done - and with a new complication in the mix. More >>
Russell McV hires Margaret Bazley to probe sexual harassment
Wednesday, 7 March 2018, 4:56 pm | BusinessDesk
March 7 (BusinessDesk) - Russell McVeagh, the law firm that counts some of New Zealand's biggest listed companies as clients, has hired former public servant Margaret Bazley to probe sexual harassment claims. More >>
ANZ Bank seeks potential buyers of NZ life insurance unit
Wednesday, 7 March 2018, 3:52 pm | BusinessDesk
March 7 (BusinessDesk) - Australia & New Zealand Banking Group is gauging interest in its New Zealand life insurance division after the sale of its life unit across the Tasman shook out prospective buyers for the Kiwi business. More >>
NZ industrial building work offsets slowing residential work
Wednesday, 7 March 2018, 2:52 pm | BusinessDesk
March 7 (BusinessDesk) - The value of New Zealand building work rose in the fourth quarter as a flurry of activity in industrial and commercial accommodation properties such as hotels made up for slower residential construction. More >>
MYOB lifts sales, profit in NZ
Wednesday, 7 March 2018, 2:38 pm | BusinessDesk
March 7 (BusinessDesk) - MYOB Group, the Australian tax, accounting and business software company, lifted sales and profit in New Zealand in 2017 while seeking regulatory clearance on both sides of the Tasman to buy accounting software firm Reckon. More >>
NZ wholesale trade value rises for 7th quarter in December
Wednesday, 7 March 2018, 2:16 pm | BusinessDesk
NZ wholesale trade value rises for 7th quarter in December with gains across all industries More >>
Forestry rights to be added to overseas investment regime
Wednesday, 7 March 2018, 1:43 pm | BusinessDesk
March 7 (BusinessDesk) - The government is adding forestry rights to the Overseas Investment Act screening regime ahead of this week's signing of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership in Chile, preserving its ... More >>
Lyttleton Port and unions in talks to avoid strike tomorrow
Wednesday, 7 March 2018, 1:36 pm | BusinessDesk
March 7 (BusinessDesk) - Negotiators for Lyttleton Port Company and the Rail and Maritime Transport Union are meeting this morning to try to stave off a strike set to begin tomorrow and last up to 14 days. More >>
NZ govt's operating surplus tracking ahead of forecast
Wednesday, 7 March 2018, 1:19 pm | BusinessDesk
NZ govt's 7-month operating surplus tracking ahead of forecast on rising PAYE, GST tax take More >>
NZ dollar rises to week-high
Wednesday, 7 March 2018, 11:50 am | BusinessDesk
March 7 (BusinessDesk) - The New Zealand dollar jumped more than half a US cent as global risk appetite improved on news that North Korea is willing to hold talks with the US over its nuclear weapons programme. More >>
Trade tariff and nuclear tensions ease, for now
Wednesday, 7 March 2018, 11:08 am | BusinessDesk
March 7 (BusinessDesk) - Wall Street fluctuated as investors tried to gauge whether US President Donald Trump can be talked out of plans to impose stiff tariffs on steel and aluminum imports and avoid a wave of retaliatory measures from trading partners. More >>
Dairy product prices slip for second straight auction
Wednesday, 7 March 2018, 10:15 am | BusinessDesk
March 7 (BusinessDesk) - Dairy product prices fell at the Global Dairy Trade auction, with whole milk powder declining amid an increase in supply. More >>
Auckland property values grow 1%, lagging national average
Wednesday, 7 March 2018, 9:30 am | BusinessDesk
March 7 (BusinessDesk) - Growth in Auckland property values continued to lag behind New Zealand as a whole in February, with the slowest pace in six months nudging the city's average price up to $1.05 million, says state-owned valuer Quotable Value. More >>
Severe worker shortage could derail Kiwibuild
Wednesday, 7 March 2018, 9:29 am | BusinessDesk
March 7 (BusinessDesk) - The government’s flagship Kiwibuild programme is doomed to fail unless the construction sector can find a way of addressing the chronic skills shortage, says a leading adviser to the UK government. More >>
MARKET CLOSE: shares join global rally as trade fears ease
Tuesday, 6 March 2018, 8:33 pm | BusinessDesk
March 6 (BusinessDesk) - New Zealand shares rose as fears eased over US President Donald Trump's new tariffs on metals, renewing demand for equities across the world. Chorus and Mainfreight gained, while Metro Performance Glass fell, matching its record ... More >>
NZ dollar rises vs greenback on easing trade worries
Tuesday, 6 March 2018, 8:16 pm | BusinessDesk
NZ dollar rises vs greenback on easing trade worries, falls vs Aussie after RBA stands pat More >>
Joyce to leave parliament; leaked letter shows anger
Tuesday, 6 March 2018, 7:22 pm | BusinessDesk
March 6 (BusinessDesk) - The National Party's chief political strategist since the mid-2000s, Steven Joyce, has announced his decision to retire from Parliament after new leader Simon Bridges did not offer him the finance spokesmanship in a shadow ... More >>
HEB Construction returns to profit in 2017
Tuesday, 6 March 2018, 3:45 pm | BusinessDesk
March 6 (BusinessDesk) - HEB Construction returned to profit in 2017 as the construction company's revenue climbed 39 percent and as a $38.3 million charge on losses from a major project wasn't repeated. More >>
ArborGen on track to more than double earnings
Tuesday, 6 March 2018, 3:07 pm | BusinessDesk
March 6 (BusinessDesk) - Rubicon shares rose 9.1 percent after chief executive Luke Moriarty told shareholders its sole asset ArborGen is on track to more than double annual earnings. More >>
NZME, Stuff to renegotiate terms if appeal is successful
Tuesday, 6 March 2018, 12:53 pm | BusinessDesk
March 6 (BusinessDesk) - Newspaper publishers NZME and Fairfax Media Group-owned Stuff will renegotiate the terms of their merger if they successfully appeal the High Court's rejection of their deal. More >>
