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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 292]
Green Cross's Simon Lipscombe leaves to head Compass
Monday, 22 January 2018, 7:58 pm | BusinessDesk
Jan. 22 (BusinessDesk) - Green Cross Health's community health chief Simon Lipscombe will leave the listed primary health care group to lead the New Zealand arm of food and support services firm Compass Group. More >>
Labour signals slow track for most contentious labour law
Monday, 22 January 2018, 7:57 pm | BusinessDesk
Jan. 22 (BusinessDesk) - The government will announce a timetable for legislating a range of long-signalled reversals to labour law changes made by the previous administration later this week, but is placing its intention to introduce new Fair Pay Agreement ... More >>
New spray dryer planned at Waikato Innovation Park
Monday, 22 January 2018, 7:55 pm | BusinessDesk
Jan. 22 (BusinessDesk) - A new $45 million food spray dryer is being planned for Food Waikato as demand from the sheep milk industry ramps up, says Waikato Innovation Park chief executive Stuart Gordon. More >>
Euro Corp to defend fair trading charges over steel mesh
Monday, 22 January 2018, 7:54 pm | BusinessDesk
Jan. 22 (BusinessDesk) - Euro Corporation will defend charges laid by the Commerce Commission accusing the steel products maker and distributor of breaching the Fair Trading Act in the sale of a ductile steel mesh product. More >>
Fonterra criticises Beingmate
Monday, 22 January 2018, 6:15 pm | BusinessDesk
Jan. 22 (BusinessDesk) - Fonterra Cooperative Group has criticised struggling infant formula producer and distributor Beingmate Baby & Child Food, which it uses to sell its Anmum formula in China, after the Chinese company cut its forecast earnings ... More >>
Augusta lines up third property for industrial property fund
Monday, 22 January 2018, 12:55 pm | BusinessDesk
Jan. 22 (BusinessDesk) - Augusta Capital has made a conditional offer to buy a property owned by one of its syndicates that it wants for the industrial property fund slated to be launched this year. More >>
Blis cuts annual earnings guidance
Monday, 22 January 2018, 12:34 pm | BusinessDesk
Blis cuts annual earnings guidance as impact of tough first half lingers By Rebecca Howard More >>
NZ dollar hold below 73 US cts
Monday, 22 January 2018, 11:39 am | BusinessDesk
Jan. 22 (BusinessDesk) - The New Zealand dollar held below 73 US cents at the local open as investors largely shrugged off Washington legislators' inability to reach a deal and avoid a shutdown of Federal government services. More >>
World Week Ahead: Results from Netflix, Caterpillar
Monday, 22 January 2018, 11:26 am | BusinessDesk
Jan 22 (BusinessDesk) - Wall Street, at record highs, is expected to largely shrug off the US federal government’s shutdown and instead focus on the latest corporate earnings including from Nextflix, Procter & Gamble, Caterpillar and General Electric. More >>
MARKET CLOSE: NZ shares up as A2, Genesis rally
Friday, 19 January 2018, 8:45 pm | BusinessDesk
Jan. 19 (BusinessDesk) - New Zealand shares gained, led by a recent rally in A2 Milk Co and as Genesis Energy rose on a strong quarterly report, while investors continued to sell down Pushpay Holdings after last year's massive gains. More >>
NZ dollar heads for weekly 0.7% gain
Friday, 19 January 2018, 8:44 pm | BusinessDesk
NZ dollar heads for weekly 0.7% gain, all eyes on possible US govt shutdown More >>
PREVIEW: NZ inflation may inch back to mid-point of band
Friday, 19 January 2018, 7:31 pm | BusinessDesk
PREVIEW: NZ inflation may inch back to mid-point of band in 4Q on fuel costs More >>
Trustpower affirms guidance as wholesale prices stay high
Friday, 19 January 2018, 4:09 pm | BusinessDesk
Jan. 19 (BusinessDesk) - Trustpower affirmed annual earnings guidance, having raised its outlook three times this financial year on strong wholesale electricity prices, and noted the low hydro lake levels are threatening to trigger a high-priced event ... More >>
OceanaGold's Macraes gold mine misses production target
Friday, 19 January 2018, 2:30 pm | BusinessDesk
Jan. 19 (BusinessDesk) - OceanaGold Corp's Macraes gold mine in Otago missed its production target for 2017, taking longer to access higher grade ore than anticipated, but expects increased extraction this year. More >>
NZ manufacturing activity falls sharply in December
Friday, 19 January 2018, 2:18 pm | BusinessDesk
Jan. 19 (BusinessDesk) - New Zealand's manufacturing activity fell a five-year low in December as businesses deferred major decisions until there is more clarity after the change in the government, echoing the downbeat sentiment in this week's business ... More >>
Jacinda Ardern pregnant, Peters to step in as acting PM
Friday, 19 January 2018, 2:04 pm | BusinessDesk
Jan. 19 (BusinessDesk) - Prime Minister Jacinda Ardern is pregnant, due in June, and deputy Prime Minister Winston Peters will take over the role for six weeks after the baby is born. More >>
NZ dollar gains on threat of US govt shutdown
Friday, 19 January 2018, 12:07 pm | BusinessDesk
NZ dollar gains as threat of US govt shutdown weighs on greenback By Paul McBeth More >>
While you were sleeping: Wall St pauses after Dow peaks
Friday, 19 January 2018, 10:53 am | BusinessDesk
Jan. 19 (BusinessDesk) - Wall Street was mixed, after the Dow rose to a record high earlier in the day, as the latest corporate earnings proved a mixed bag too. More >>
MARKET CLOSE: NZ shares mixed, Fisher & Paykel, Air NZ drop
Thursday, 18 January 2018, 8:36 pm | BusinessDesk
Jan. 18 (BusinessDesk) - New Zealand shares were mixed as Fisher & Paykel Healthcare fell on the stronger Kiwi dollar while property stocks rebounded from earlier selling. More >>
NZ dollar steadies after sharp fall
Thursday, 18 January 2018, 8:36 pm | BusinessDesk
Jan. 18 (BusinessDesk) - The New Zealand dollar steadied after falling more than half a US cent in the local session after traders were reluctant to take the currency through key technical levels. More >>
