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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 281]
CBL to exit problematic French unit, takes action
Wednesday, 14 February 2018, 12:43 pm | BusinessDesk
Feb. 14 (BusinessDesk) - CBL Corp is hiring advisers to sell the French construction insurance division that's seen it fall foul of regulators over solvency concerns and is pursuing legal action against the vendors of Securities and Financial Solutions ... More >>
Synlait's new higher volume supply deal with Bright Dairy
Wednesday, 14 February 2018, 12:23 pm | BusinessDesk
Feb. 14 (BusinessDesk) - Synlait Milk, the NZX-listed dairy company, has inked a new five-year supply agreement for increased volumes of packaged infant formula with its cornerstone shareholder Bright Dairy. More >>
Norris steps down as Fletcher chair after $486M provision
Wednesday, 14 February 2018, 12:02 pm | BusinessDesk
FIRST CUT: Ralph Norris steps down as Fletcher chair after new $486M provision in B+I More >>
FIRST CUT: Genesis first-half earnings gain
Wednesday, 14 February 2018, 12:01 pm | BusinessDesk
FIRST CUT: Genesis first-half earnings gain as dry summer boosts wholesale unit, Kupe beds in More >>
NZ dollar gains as inflation comes into focus
Wednesday, 14 February 2018, 11:38 am | BusinessDesk
Feb. 14 (BusinessDesk) - The New Zealand dollar gained ahead of food price and inflation expectation reports locally and US inflation data tonight while the greenback weakened against the yen and the Swiss franc. More >>
While you were sleeping: Eyes on US consumer prices
Wednesday, 14 February 2018, 10:59 am | BusinessDesk
Feb. 14 (BusinessDesk) - Wall Street was mixed as investors eyed reports on US consumer prices and retail sales, both due Wednesday, to help assess bets on the pace of Federal Reserve interest rate increases. More >>
NZ dollar falls vs Aussie, recovers vs US$
Tuesday, 13 February 2018, 8:41 pm | BusinessDesk
Feb. 13 (BusinessDesk) - The New Zealand dollar declined against its trans-Tasman counterpart and pared earlier losses against the greenback as the US dollar fell out of favour in the run-up to Wednesday's inflation release in the US. More >>
MARKET CLOSE: NZ shares rise
Tuesday, 13 February 2018, 8:37 pm | BusinessDesk
Feb. 13 (BusinessDesk) - New Zealand shares gained, led by Vital Healthcare Property Trust and A2 Milk Co, as investors prepared for a potential selloff of Fletcher Building once it updates its losses within its construction division. More >>
Robertson promises to deliver NZ's first 'wellbeing' budget
Tuesday, 13 February 2018, 7:53 pm | BusinessDesk
Feb. 13 (BusinessDesk) - Finance Minister Grant Robertson has promised to deliver New Zealand's first "wellbeing" budget, telling a Productivity Commission meeting in Wellington that success as a country must include a social dividend and ... More >>
Supreme Court dismisses Hagaman defamation appeal
Tuesday, 13 February 2018, 6:26 pm | BusinessDesk
Feb. 13 (BusinessDesk) - The Supreme Court has dismissed an attempt by the estate of Earl Hagaman to continue a defamation claim against former Labour leader Andrew Little after Hagaman's death. More >>
Stiassny hangs up corporate undertaker hat
Tuesday, 13 February 2018, 3:30 pm | BusinessDesk
Feb. 13 (BusinessDesk) - Veteran insolvency specialist Michael Stiassny has ended almost three decades as one of the nation's premier corporate undertakers, leaving KordaMentha for what he describes as "greener pastures". More >>
English to leave parliament on Feb. 27
Tuesday, 13 February 2018, 2:50 pm | BusinessDesk
Feb. 13 (BusinessDesk) - Bill English has resigned as leader of the National Party and will leave parliament in two weeks. More >>
NZ govt operating 6-month surplus bigger than expected
Tuesday, 13 February 2018, 1:36 pm | BusinessDesk
NZ govt operating 6-month surplus bigger than expected as fatter GST, income tax take beds in More >>
TruScreen censured after falling short
Tuesday, 13 February 2018, 1:29 pm | BusinessDesk
Feb. 13 (BusinessDesk) - TruScreen, the cervical cancer test developer which is listed on the NZX Alternative Market, has been publicly censured by the New Zealand Markets Disciplinary Tribunal for having just one New Zealand resident director for 18 business ... More >>
Tower says summer storms will cost about $5 million
Tuesday, 13 February 2018, 12:58 pm | BusinessDesk
Feb. 13 (BusinessDesk) - Auckland-based insurer Tower said recent storms will have a financial impact of about $5 million after tax. More >>
Chapman Tripp sees transitional year for capital markets
Tuesday, 13 February 2018, 11:56 am | BusinessDesk
Feb. 13 (BusinessDesk) - NZX's return to basics and a rewrite of law governing financial advice should help reinvigorate the domestic stock market in 2019, leaving this year set to be a period of transition, says law firm Chapman Tripp. More >>
NZ dollar falls as inflation indicators awaited
Tuesday, 13 February 2018, 11:46 am | BusinessDesk
Feb. 13 (BusinessDesk) - The New Zealand dollar fell ahead of inflation data in the UK and US and the Reserve Bank's survey of expectations tomorrow, with little indication there is much pressure on prices worldwide. More >>
Stocks climb on both sides of Atlantic, oil rebounds
Tuesday, 13 February 2018, 10:37 am | BusinessDesk
Feb. 13 (BusinessDesk) - Equities on both sides of the Atlantic advanced, as US Treasury yields stemmed their climb, offering some reprieve from concern about rising interest rates. More >>
Curran goes back to the well for Chief Technology Officer
Monday, 12 February 2018, 8:59 pm | BusinessDesk
Feb. 12 (BusinessDesk) - More than 60 applications have been received for the newly created central government role of Chief Technology Officer, but Digital Services Minister Clare Curran has decided none quite fitted the bill. More >>
Govt targets ACC and Super Fund ceo pay with reform
Monday, 12 February 2018, 8:55 pm | BusinessDesk
Feb. 12 (BusinessDesk) - The government is to give the State Services Commission more say over the payment to the chief executives of Crown entities, including the heads of the Accident Compensation Corp and NZ Super Fund. More >>
