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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 291]
Powerhouse purges Motim board, SolarBright founders quit
Tuesday, 23 January 2018, 8:27 pm | BusinessDesk
Jan. 23 (BusinessDesk) - Powerhouse Ventures is facing more turmoil at two of its investee firms, purging the board of one and losing the founders of another. More >>
NZ dollar benefits from US short-term government funding
Tuesday, 23 January 2018, 8:25 pm | BusinessDesk
Jan. 23 (BusinessDesk) - The New Zealand dollar gained against the greenback after US legislators managed to broker a deal to end a federal government shutdown. More >>
Investore earnings, dividends to get boost from Bunnings
Tuesday, 23 January 2018, 7:35 pm | BusinessDesk
Jan. 23 (BusinessDesk) - Investore Property will pay just below book value to buy three Bunnings stores from manager Stride Property Group in a deal which will boost earnings and dividends, says the independent adviser. More >>
Trans-Tasman Resources to go public in backdoor listing
Tuesday, 23 January 2018, 7:33 pm | BusinessDesk
Jan. 23 (BusinessDesk) - Ironsands miner Trans-Tasman Resources will go public via a backdoor listing on the ASX using Manhattan Corp, a company associated with executive chairman Alan Eggers. More >>
Wgtn's Habitual Fix on Featherston liquidated again
Tuesday, 23 January 2018, 7:31 pm | BusinessDesk
Jan. 23 (BusinessDesk) - A second business operating Wellington's Habitual Fix on Featherston Street has been placed into liquidation in the space of a year, with the Beehive end of town still impacted by the November 2016 earthquakes. More >>
Former trustee pleads guilty to fraud
Tuesday, 23 January 2018, 7:29 pm | BusinessDesk
Jan. 23 (BusinessDesk) - A former trust asset manager and trustee has pleaded guilty to fraud in Auckland's High Court today over receiving secret payments in 2009 and 2012. More >>
Juken NZ looks to halve Gisborne mill staff
Tuesday, 23 January 2018, 5:04 pm | BusinessDesk
Jan. 23 (BusinessDesk) - Juken New Zealand, a unit of Japan's WoodOne Ltd, is consulting workers at its Gisborne wood-processing mill on a plan that may see it halve the mill's workforce as it struggles to return to profitability in a highly competitive ... More >>
ATO chases HT&E over licensing of former NZ mastheads
Tuesday, 23 January 2018, 3:58 pm | BusinessDesk
Jan. 23 (BusinessDesk) - The Australian Tax Office wants more than A$100 million from ASX-listed HT&E, formerly APN News & Media, over the licensing of former New Zealand mastheads it bundled into NZME and subsequently delisted. More >>
Auckland Council puts feelers out for construction syndicate
Tuesday, 23 January 2018, 2:50 pm | BusinessDesk
Jan. 23 (BusinessDesk) - Auckland Council is on the hunt for a consortium capable of delivering an infrastructure redevelopment north of $300 million that would meet the city's plans to host the 36th America's Cup and APEC leaders' week in 2021. More >>
NZ guest nights rise in November
Tuesday, 23 January 2018, 2:40 pm | BusinessDesk
Jan. 23 (BusinessDesk) - New Zealand guest nights rose 4.3 percent in November from a year earlier as the number of international visitors, buoyed by more people from across the Tasman, helped lift the occupancy rate of the nation's accommodation. More >>
Government reconvenes pay equity group
Tuesday, 23 January 2018, 2:08 pm | BusinessDesk
Jan. 23 (BusinessDesk) - The government will reconvene the pay equity working group and wants to pass legislation by the middle of the year to ensure women are paid fairly. More >>
NZ services sector activity outshines manufacturing
Tuesday, 23 January 2018, 2:07 pm | BusinessDesk
Jan. 23 (BusinessDesk) - New Zealand's services sector activity, which accounts for about two-thirds of the economy, eased in December but held up better than its sister manufacturing index, suggesting the sector is less concerned about the new government. More >>
Spark appoints Grant McBeath as interim CEO for home, mobile
Tuesday, 23 January 2018, 2:00 pm | BusinessDesk
Jan. 23 (BusinessDesk) - Grant McBeath will take on the role of Spark's chief executive officer for its home, mobile and business division on an interim basis, replacing Jason Paris who is set to leave early this year. More >>
Z Energy cuts annual earnings guidance on rising crude price
Tuesday, 23 January 2018, 1:26 pm | BusinessDesk
Jan. 23 (BusinessDesk) - Z Energy cut its annual guidance by about $20 million following a weaker-than-expected performance in the December quarter, due to a shutdown of the New Zealand Refining fuel pipeline to Auckland and the rising price of crude ... More >>
NZ dollar gains as US Senate cuts deal to end govt shutdown
Tuesday, 23 January 2018, 11:49 am | BusinessDesk
Jan. 23 (BusinessDesk) - The New Zealand dollar rose back above 73 US cents as policymakers reached a deal to end a federal government shutdown, underpinning investor confidence and helping push stocks on Wall Street to new highs. More >>
CCC to get update on Havelock North inquiry response
Tuesday, 23 January 2018, 11:35 am | BusinessDesk
Jan. 22 (BusinessDesk) - Christchurch City Council will get an update on how staff are responding to the Havelock North drinking water inquiry that set up a raft of recommendations to improve the nation's inadequate water supply. More >>
Rally on deal to end US government shutdown
Tuesday, 23 January 2018, 10:57 am | BusinessDesk
Jan. 23 (BusinessDesk) - Wall Street gained, touching fresh record highs, as US senators agreed on a deal to end the government shutdown after three days. More >>
MARKET CLOSE: NZ shares up, Ryman and A2 gain
Monday, 22 January 2018, 8:37 pm | BusinessDesk
Jan. 22 (BusinessDesk) - New Zealand shares gained, led higher by Ryman Healthcare and A2 Milk Co on some positioning ahead of upcoming earnings, while Infratil and Fonterra Shareholders Fund dropped. More >>
NZ dollar unchanged in local trading
Monday, 22 January 2018, 8:11 pm | BusinessDesk
Jan. 22 (BusinessDesk) - The New Zealand dollar was unchanged in the local session as investors took a wait-and-see stance on developments in Washington after the US federal government shut down and legislators remained at an impasse on a temporary ... More >>
Robertson's rocket for Treasury over child poverty error
Monday, 22 January 2018, 8:00 pm | BusinessDesk
Jan. 22 (BusinessDesk) - Finance Minister Grant Robertson had some choice - but unrepeatable - words for the Treasury Secretary, Gabriel Makhlouf, when it emerged the government's lead economic agency had over-estimated the impact of Labour's flagship families ... More >>
