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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 268]
Michael Hill to exit 24 Emma & Roe branded stores
Tuesday, 6 March 2018, 12:47 pm | BusinessDesk
March 6 (BusinessDesk) - Michael Hill International plans to exit 24 of the stores in its unsuccessful Emma & Roe chain at a cost of A$5.8 million to A$7.9 million, repositioning the remaining six stores in the 'demi-fine' jewellery segment. More >>
NZ dollar little changed
Tuesday, 6 March 2018, 11:47 am | BusinessDesk
March 6 (BusinessDesk) - The New Zealand dollar was little changed against the greenback as investors reassessed the prospect of US steel and aluminium tariffs being introduced after President Donald Trump said he'd drop them against Mexico and Canada if he ... More >>
NZ M&A activity likely to stay frothy in 2018
Tuesday, 6 March 2018, 11:32 am | BusinessDesk
March 6 (BusinessDesk) - New Zealand may have another busy year for mergers and acquisitions as interest rates remain low and deep-pocketed buyers seek out quality assets, says law firm Chapman Tripp. More >>
Wall St, Treasuries gain as Trump turns to NAFTA
Tuesday, 6 March 2018, 11:07 am | BusinessDesk
March 6 (BusinessDesk) - Wall Street gained amid bets that US President Donald Trump might not go ahead with plans to impose big tariffs on steel and aluminum imports, decreasing the spectre of a global trade war. More >>
MARKET CLOSE: NZ shares fall as Sky TV sinks to record low
Monday, 5 March 2018, 9:06 pm | BusinessDesk
MARKET CLOSE: NZ shares fall as Sky TV sinks to record low; Air NZ, F&P Healthcare gain More >>
NZ dollar eases against USD ahead of dairy auction
Monday, 5 March 2018, 8:22 pm | BusinessDesk
NZ dollar eases against USD ahead of dairy auction, wanes against euro after German news More >>
Wells steps down as chair of Fisher Funds 'to focus on CBL'
Monday, 5 March 2018, 6:10 pm | BusinessDesk
March 5 (BusinessDesk) - John Wells has retired as chair of Fisher Funds Management after 18 years on its board to focus on his role as chair of CBL Corp, which appointed voluntary administrators last month after the Reserve Bank sought to have the credit ... More >>
Yardley defends Powerhouse, would buy more shares below NTA
Monday, 5 March 2018, 5:12 pm | BusinessDesk
March 5 (BusinessDesk) - Powerhouse Ventures chair Russell Yardley says he'd buy more shares in the ASX-listed, Christchurch-based incubator, having acquired 72,252 shares at 30 Australian cents apiece last September. More >>
Ngāti Whātua Ōrākei to spend $3M on private health cover
Monday, 5 March 2018, 4:55 pm | BusinessDesk
Ngāti Whātua Ōrākei to spend up to $3M a year on private health cover for members More >>
UPDATE: Xero's Drury to hand over reins to Steve Vamos
Monday, 5 March 2018, 4:35 pm | BusinessDesk
March 5 (BusinessDesk) - Xero chief executive and co-founder Rod Drury will next month hand over the day-to-day running of the company to veteran tech executive Steve Vamos, who's been tasked with transforming the software firm to a multi-national ... More >>
NZ commodity prices rise 2.8% in February
Monday, 5 March 2018, 4:28 pm | BusinessDesk
March 5 (BusinessDesk) - New Zealand commodity prices rose in February as supply issues bolstered prices for dairy products as well a lift in meat and fibre prices. More >>
Senior Fonterra GM jumps ship to become ambassador to Korea
Monday, 5 March 2018, 3:44 pm | BusinessDesk
March 5 (BusinessDesk) - Long-serving Fonterra senior executive Philip Turner is leaving the Auckland-based dairy cooperative to become New Zealand's new ambassador in South Korea. More >>
NZ new vehicle sales slip 2% in February
Monday, 5 March 2018, 3:29 pm | BusinessDesk
March 5 (BusinessDesk) - New Zealand new vehicle sales declined for the first month in more than two years in February as stock levels ran low after several cargo ships carrying vehicles from Japan were turned away on biosecurity grounds due to stink ... More >>
Landcorp posts weaker 1H earnings
Monday, 5 March 2018, 2:56 pm | BusinessDesk
March 5 (BusinessDesk) - Landcorp Farming, the state-owned farmer, reported weaker earnings in the first half of its financial year as adverse weather crimped milk production and lifted the amount spent on extra feed for livestock. More >>
Xero's Drury to hand over reins to Steve Vamos next month
Monday, 5 March 2018, 2:23 pm | BusinessDesk
March 5 (BusinessDesk) - Xero chief executive and co-founder Rod Drury will hand over the day-to-day running of the company to veteran tech executive Steve Vamos from next month. More >>
Auckland house prices weaken in February as volumes increase
Monday, 5 March 2018, 1:41 pm | BusinessDesk
March 5 (BusinessDesk) - House prices in New Zealand's largest city of Auckland are likely to remain stable over the remainder of the summer and autumn sales season as the number of properties on the market picked up and prices declined in the latest ... More >>
Investore seeks up to $100M in six-year bond offer
Monday, 5 March 2018, 1:39 pm | BusinessDesk
March 5 (BusinessDesk) - Investore Property is seeking up to $100 million through a six-year bond issue, which it will use to repay bank debt, diversifying the property investor's funding sources and extending the length of maturities. More >>
NZX share trading jumps in February
Monday, 5 March 2018, 12:49 pm | BusinessDesk
March 5 (BusinessDesk) - New Zealand share trading climbed 66 percent in February, a month encompassing heightened global volatility as international investors questioned the future track of US interest rates and a domestic earnings season that included ... More >>
NZ dollar falls to month low vs euro
Monday, 5 March 2018, 11:50 am | BusinessDesk
March 5 (BusinessDesk) - The New Zealand dollar fell to its lowest level against the euro in about a month after German Chancellor Angela Merkel announced a coalition between her conservative party and the Social Democrats, ending months of talks, ... More >>
World Week Ahead: Trump’s tariffs, US jobs
Monday, 5 March 2018, 9:29 am | BusinessDesk
March 5 (BusinessDesk) - The latest US jobs data, a slew of Federal Reserve speakers and US President Donald Trump’s protectionist promises will be in focus this week amid concern about a potential global trade war and the impact on corporate profits. More >>
