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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 269]
MARKET CLOSE: NZ shares fall on global trade fears
Friday, 2 March 2018, 8:34 pm | BusinessDesk
MARKET CLOSE: NZ shares fall on global trade fears, weighing on Synlait, F&P Health; Fletcher gains By Sophie Boot More >>
NZ dollar gains as Trump's tariff plan weighs on greenback
Friday, 2 March 2018, 8:33 pm | BusinessDesk
March 2 (BusinessDesk) - The New Zealand dollar rose after US President Donald Trump announced tariffs on imported steel and aluminium, which saw stocks on Wall Street fall, along with US interest rates, dragging the greenback down. More >>
Energy Mad proffers itself to SaaS firm PaySauce
Friday, 2 March 2018, 8:02 pm | BusinessDesk
March 2 (BusinessDesk) - Energy Mad plans to carry out a reverse listing with PaySauce, handing over outstanding debt to the new firm and giving shareholders a stake in a cloud-based, software-as-a-service payroll solution company. More >>
A2 Milk executives cash out of surging shares
Friday, 2 March 2018, 7:41 pm | BusinessDesk
March 2 (BusinessDesk) - A2 Milk Co executives have enjoyed a combined $36.6 million payday after cashing in on a surging share price since the milk marketer's announcement last week that first-half profit more than doubled and it had inked a deal with Fonterra ... More >>
Trans-Tasman business summit sees PMs commit to SME exports
Friday, 2 March 2018, 6:26 pm | BusinessDesk
March 2 (BusinessDesk) - Trans-Tasman travel bureaucracy, e-commerce frameworks, regulatory costs and other barriers to small and medium-sized businesses trading with one another are to be the subject of a joint investigation by the Australian ... More >>
Govt support needed to hit renewable energy target
Friday, 2 March 2018, 4:51 pm | BusinessDesk
New Zealand's government needs to step up support for innovation if it wants to hit the 100 percent renewable energy target, says Australian renewable energy advocate Simon Corbell. More >>
FMA looking into CBL disclosure
Friday, 2 March 2018, 3:46 pm | BusinessDesk
March 2 (BusinessDesk) - The Financial Markets Authority is poring over the coals of CBL Corp, saying it's concerned the rules promoting transparency on the public markets were breached. Separately, CBL head Peter Harris has withdrawn from the EY ... More >>
NZ residential building consents edge up in January
Friday, 2 March 2018, 2:40 pm | BusinessDesk
March 2 (BusinessDesk) - New Zealand residential building consents edged higher in January as permits for new houses, apartments and townhouses made up for a decline in retirement unit applications. More >>
Finzsoft sinks into the red as first-half revenue tumbles
Friday, 2 March 2018, 1:35 pm | BusinessDesk
March 2 (BusinessDesk) - Finzsoft Solutions sank into the red in the first half as revenue dropped by almost a third, saying the timing of its licence fees is variable and that it continues to trade well. More >>
Consumer confidence rises, outperforms business confidence
Friday, 2 March 2018, 1:21 pm | BusinessDesk
March 2 (BusinessDesk) - New Zealand consumer confidence gained in February, continuing a recovery and bolstering the composite gauge after weak business confidence results. More >>
Investore sells Christchurch supermarket
Friday, 2 March 2018, 1:02 pm | BusinessDesk
March 2 (BusinessDesk) - Investore Property has sold its Countdown supermarket in Hornby, Christchurch for $21.5 million to help fund its recent acquisition of three Bunnings stores. More >>
Ports of Auckland 1H profit growth stalls
Friday, 2 March 2018, 12:11 pm | BusinessDesk
March 2 (BusinessDesk) - Ports of Auckland reported flat first-half earnings and trimmed its interim dividend payment to the city as the cost of introducing greater automation offset a 9.1 percent increase in revenue. More >>
NZ dollar retreats from overnight
Friday, 2 March 2018, 11:50 am | BusinessDesk
March 2 (BusinessDesk) - The New Zealand dollar has gained from its levels late yesterday but has retreated from its overnight highs after US President Donald Trump announced tariffs on imported steel and aluminium stoking concern he may trigger ... More >>
While you were sleeping: Trump’s tariffs sink Wall St
Friday, 2 March 2018, 11:13 am | BusinessDesk
March 2 (BusinessDesk) - Wall Street declined, while Treasuries rose, after US President Donald Trump said the US will impose tariffs on steel and aluminum imports next week. More >>
Fletcher gains waiver from private placement noteholders
Thursday, 1 March 2018, 9:21 pm | BusinessDesk
March 1 (BusinessDesk) - Fletcher Building says it got a waiver from its noteholders in the US private placement market after losses at its Building + Interiors unit caused the company to breach its lending covenants. More >>
MARKET CLOSE: NZ shares follow Asian markets lower
Thursday, 1 March 2018, 8:39 pm | BusinessDesk
MARKET CLOSE: NZ shares follow Asian markets lower after 'pretty good' earnings season; Sky falls More >>
Retirement villages lobby for foreign buyer exemption
Thursday, 1 March 2018, 8:25 pm | BusinessDesk
March 1 (BusinessDesk) - Listed retirement village operators Metlifecare and Ryman Healthcare say they want to be exempted from proposed changes to foreign investment rules which will deem them offshore companies requiring Overseas Investment Office ... More >>
A2 shines, Fletcher disappoints in earnings season
Thursday, 1 March 2018, 8:23 pm | BusinessDesk
March 1 (BusinessDesk) - A2 Milk was the standout performer in New Zealand's latest earnings season, posting a jump in profit and a new partnership that went some way to justifying its stratospheric shares. But for other companies on the NZX 50 Index, ... More >>
NZ dollar rises against Aussie after domestic terms of trade
Thursday, 1 March 2018, 8:22 pm | BusinessDesk
NZ dollar rises against Aussie after domestic terms of trade rises to record and Aussie capex disappoints By Rebecca Howard More >>
NZ Rugby returns to profit in 2017 on Lion’s tour
Thursday, 1 March 2018, 7:12 pm | BusinessDesk
NZ Rugby returns to profit in 2017 on Lion’s tour, open to offers for post-2021 TV rights More >>
