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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 277]
'Short-term' hit from MPI's stink bug strategy worth it
Tuesday, 20 February 2018, 5:07 pm | BusinessDesk
Used car import body says 'short-term' hit from MPI's stink bug strategy worth it More >>
CBL's European subsidiary fights Irish central bank ban
Tuesday, 20 February 2018, 5:05 pm | BusinessDesk
Feb. 20 (BusinessDesk) - Insurer CBL Corp says its European subsidiary's lawyers are opposing an order from the Central Bank of Ireland instructing it to stop writing new business immediately. More >>
ASX-listed Super Retail Group pays $144M for Macpac
Tuesday, 20 February 2018, 4:55 pm | BusinessDesk
ASX-listed Super Retail Group pays $144M for Macpac, more than twice the 2015 price More >>
Mark Tume appointed chair of Ngāi Tahu Holdings board
Tuesday, 20 February 2018, 3:41 pm | BusinessDesk
Feb. 20 (BusinessDesk) - Mark Tume will rejoin Ngāi Tahu Holdings board this month after almost nine years and will take over the chair later this year, putting him at the helm of two iwi corporate entities. More >>
Fonterra likely to hike milk payment to NZ farmers
Tuesday, 20 February 2018, 3:39 pm | BusinessDesk
Feb. 20 (BusinessDesk) - Fonterra Cooperative Group may lift its farmgate milk price payout to farmers this season following increases in Global Dairy Trade auction prices, according to brokerage OMF. More >>
ANZ extends Veritas' debt for a third time
Tuesday, 20 February 2018, 3:19 pm | BusinessDesk
Feb. 20 (BusinessDesk) - ANZ Bank New Zealand has extended Veritas Investment's debt deadline for the third time as the company seeks shareholder approval to sell the Mad Butcher master franchisor business and continue discussions on other asset sales. More >>
Vocus NZ grabs share of broadband market
Tuesday, 20 February 2018, 3:12 pm | BusinessDesk
Feb. 20 (BusinessDesk) - Vocus Group's New Zealand division, which is up for sale, grabbed market share in the hotly contested domestic broadband space, helping lift first-half revenue albeit on skinnier profit margins. More >>
NZ producer input, output prices rise in Q4
Tuesday, 20 February 2018, 2:28 pm | BusinessDesk
Feb. 20 (BusinessDesk) - New Zealand producer input and output prices rose in the fourth quarter as fuel prices increased. More >>
Promisia shares tumble on Medsafe warning
Tuesday, 20 February 2018, 2:25 pm | BusinessDesk
Feb. 20 (BusinessDesk) - Promisia Integrative shares slumped 72 percent after Medsafe warned its Arthrem product could cause potential liver damage. The company said the number of reported cases is "extremely small" and it stands by its product. More >>
NZ farmers see limited benefit from high US beef prices
Tuesday, 20 February 2018, 1:34 pm | BusinessDesk
Feb. 20 (BusinessDesk) - New Zealand farmers aren't seeing the full benefit of rising beef prices in the US, their largest market for the meat, because the stronger kiwi dollar is crimping returns, according to AgriHQ. More >>
Heartland first-half profit climbs 7%
Tuesday, 20 February 2018, 1:05 pm | BusinessDesk
Feb. 20 (BusinessDesk) - Heartland Bank boosted first-half profit 7 percent as an expanding loan book underpinned all lines of business and strong reverse mortgage growth in Australia whetted the bank's appetite to do more business across the Tasman. More >>
Vista Group buys back control of Chinese subsidiary
Tuesday, 20 February 2018, 12:40 pm | BusinessDesk
Feb. 20 (BusinessDesk) - Vista Group International has bought back 7.9 percent of its Chinese entity for $7.7 million, leaving it with 47.5 percent of the business and allowing it to treat the division as a controlled entity within the group. More >>
NZ dollar falls in subdued trading as dairy auction looms
Tuesday, 20 February 2018, 11:49 am | BusinessDesk
Feb. 20 (BusinessDesk) - The New Zealand dollar fell in subdued trading with public holidays in the US and China as traders await tonight's dairy auction and minutes from the Reserve Bank of Australia's last policy meeting. More >>
European equities slide, Reckitt Benckiser slumps
Tuesday, 20 February 2018, 11:15 am | BusinessDesk
Feb. 20 (BusinessDesk) - Equities in Europe moved lower amid disappointing corporate earnings outlooks including from the UK’s Reckitt Benckiser Group. More >>
FMA cracks down on financial services companes
Tuesday, 20 February 2018, 9:15 am | BusinessDesk
Feb.20 (BusinessDesk) - The Financial Markets Authority says it saw a positive change in market participant conduct last year although it's likely to bring proceedings against at least two company directors for misusing the Financial Service Providers ... More >>
NZ dollar gains in face of US, China holidays
Monday, 19 February 2018, 8:55 pm | BusinessDesk
NZ dollar gains in face of US, China holidays, but may suffer on greenback strength More >>
MARKET CLOSE: NZ shares fall ahead of busy earnings season
Monday, 19 February 2018, 8:54 pm | BusinessDesk
MARKET CLOSE: NZ shares fall ahead of busy earnings season period; Sky TV, Mercury drop; Synlait, a2 gain More >>
Adern to 'ask some questions' about claims academic targeted
Monday, 19 February 2018, 7:37 pm | BusinessDesk
Feb. 19 (BusinessDesk) - Prime Minister Jacinda Ardern will "ask some questions" about claims Canterbury University academic Anne-Marie Brady's research into China's international influence campaigns was linked to a series of break-ins. More >>
Govt to release CPTPP national interest analysis on Wed
Monday, 19 February 2018, 7:09 pm | BusinessDesk
Feb. 19 (BusinessDesk) - The government will release the national interest analysis for the Comprehensive and Progressive Trans-Pacific Partnership on Wednesday, and the full text too if the other nations agree, says Prime Minister Jacinda Ardern. More >>
Insurers brace as Cyclone Gita looms
Monday, 19 February 2018, 6:22 pm | BusinessDesk
Feb. 19 (BusinessDesk) - The threat of ex-tropical Cyclone Gita looming over the lower North Island and parts of the South Island has spurred authorities to put residents and customers on notice, and comes after a record number of extreme event claims ... More >>
