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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 289]
Fed on rates, Trump speech, tech earnings all loom
Monday, 29 January 2018, 11:40 am | BusinessDesk
Jan 29 (BusinessDesk) - With Wall Street at record highs, investors will eye a Federal Reserve meeting, US President Donald Trump’s first State of the Union address and the latest corporate results including from Facebook, Microsoft, Amazon, Alphabet ... More >>
Fletcher loses bid to toss out CCDHB claim over leaky pipes
Friday, 26 January 2018, 9:23 pm | BusinessDesk
Jan. 26 (BusinessDesk) - Fletcher Construction (FCC) has lost its bid to toss out a claim by Capital & Coast District Health Board (CCH) over leaky pipes at Wellington hospital, with the judge ruling the suit was largely strong enough to go to trial. More >>
MARKET CLOSE: NZ shares fall, Air NZ and Trustpower drop
Friday, 26 January 2018, 8:39 pm | BusinessDesk
Jan. 26 (BusinessDesk) - New Zealand shares dropped as an Australian public holiday saw a quiet day where the benchmark index fell, led lower by Air New Zealand and Trustpower, while Metro Performance Glass gained. More >>
NZ dollar may run out of puff
Friday, 26 January 2018, 8:15 pm | BusinessDesk
Jan. 26 (BusinessDesk) - The New Zealand dollar is heading for a 0.9 percent gain against the greenback this week but may run out of steam as investors pay more attention to a narrowing interest rate differential with the US. More >>
Wellington Drive misses 2017 revenue
Friday, 26 January 2018, 8:14 pm | BusinessDesk
Jan. 26 (BusinessDesk) - Wellington Drive Technologies says it won't meet 2017 earnings guidance after disappointing revenue in the fourth quarter, and has some supply concerns but remains positive about 2018. More >>
Developer Augustine Lau imprisoned for damaging native tree
Friday, 26 January 2018, 5:31 pm | BusinessDesk
Jan. 26 (BusinessDesk) - Auckland property developer Augustine Lau has been sentenced to two-and-a-half months’ prison for damaging seven protected native trees in 2014 after receiving multiple warnings from the local council. More >>
NZTA grants relief to Transmission Gully contractor
Friday, 26 January 2018, 4:06 pm | BusinessDesk
Jan. 26 (BusinessDesk) - The New Zealand Transport Agency has given the joint venture building the $850 million Transmission Gully motorway north of Wellington some breathing room on its completion date after the November 2016 earthquake, followed by torrential ... More >>
Wellington's Five Boroughs downsizes to go upmarket
Friday, 26 January 2018, 2:34 pm | BusinessDesk
Jan. 26 (BusinessDesk) - Popular Wellington diner Five Boroughs has moved across town into smaller premises after the company was put into voluntary liquidation, which the owners say give it greater opportunity to chase more profitable business. More >>
Oceania Health targets wider margins
Friday, 26 January 2018, 12:13 pm | BusinessDesk
Jan. 26 (BusinessDesk) - Oceania Healthcare is going upscale with its aged-care offering, targeting suites that attract a variety of fees over and above the government funding accompanying a traditional care bed. More >>
NZ dollar drops as Trump says he wants a 'strong' greenback
Friday, 26 January 2018, 11:45 am | BusinessDesk
Jan. 26 (BusinessDesk) - The New Zealand dollar fell almost half a US cent after US President Donald Trump said he wanted to see a "strong" greenback and that comments by his Treasury secretary earlier this week were misinterpreted. More >>
Caterpillar beats estimates, euro climbs
Friday, 26 January 2018, 10:49 am | BusinessDesk
Jan. 26 (BusinessDesk) - Wall Street climbed, lifting the Dow to a record, amid optimism about the outlook for corporate earnings including those of Caterpillar, while the euro rose to a three-year high amid an upbeat economic assessment of the European ... More >>
MARKET CLOSE: NZ shares rise, Pushpay and A2 gain
Thursday, 25 January 2018, 8:46 pm | BusinessDesk
Jan. 25 (BusinessDesk) - New Zealand shares rose, led higher by Pushpay Holdings and A2 Milk Co, with Trustpower and Infratil weakening. More >>
NZ dollar falls as weak inflation weighs on rate expectation
Thursday, 25 January 2018, 8:45 pm | BusinessDesk
Jan. 25 (BusinessDesk) - The New Zealand dollar fell as weaker-than-expected inflation figures dashed expectations the Reserve Bank might have raised interest this year, although the greenback remained out of favour over US Treasury Secretary Steven Mnuchin's ... More >>
NZ wood processors lobby govt for help
Thursday, 25 January 2018, 7:12 pm | BusinessDesk
Jan. 25 (BusinessDesk) - The Wood Processors & Manufacturers Association of New Zealand continues to lobby the government for more a more favourable trading environment as processors such as Juken New Zealand eye drastic measures in the face of subsidised ... More >>
Tauranga's SwipedOn raises $1 mln to accelerate growth
Thursday, 25 January 2018, 6:25 pm | BusinessDesk
Tauranga's SwipedOn raises $1 mln to accelerate growth after hitting $1 mln in sales More >>
Living Cell Technologies sells stake in Otsuka Pharma
Thursday, 25 January 2018, 6:24 pm | BusinessDesk
Jan. 25 (BusinessDesk) - Living Cell Technologies has sold its half-share in a joint venture with Japan's Otsuka Pharmaceutical Factory for A$3 million, giving the Kiwi biotech firm enough funds to keep operating for the next two-and-a-half years. More >>
Comms Minister: tear down silo approach to digital policy
Thursday, 25 January 2018, 4:36 pm | BusinessDesk
Jan. 25 (BusinessDesk) - Communications Minister Clare Curran wants to get rid of a siloed approach in digital policymaking that has led to missed opportunities as she seeks to bridge the digital divide between communities with good internet access ... More >>
Govt to strengthen unions, worker protections
Thursday, 25 January 2018, 3:31 pm | BusinessDesk
Jan. 25 (BusinessDesk) - The government will amend the Employment Relations Act to strengthen collective bargaining, reinstate minimum standards and employee protections, and prevent 90-day trials being used by big businesses. More >>
Dollar tumbles as tepid inflation dashes chance of rate hike
Thursday, 25 January 2018, 3:22 pm | BusinessDesk
Jan. 25 (BusinessDesk) - The New Zealand dollar fell 1 US cent as surprisingly weak fourth-quarter consumer price inflation data dashed expectations the Reserve Bank might lift rates this year rather next. More >>
NZ inflation weaker than expected on cheap food
Thursday, 25 January 2018, 2:06 pm | BusinessDesk
Jan. 25 (BusinessDesk) - New Zealand fourth-quarter inflation was lower than expected as higher fuel prices were offset by a slide in food prices and as some major retailers move away from short-term discounts and specials to consistently lower prices for ... More >>
