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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 294]
Dairy product prices climb amid concern about drop in supply
Wednesday, 17 January 2018, 10:31 am | BusinessDesk
Jan. 17 (BusinessDesk) - Dairy product prices rose at the Global Dairy Trade auction amid concern about a decline in New Zealand’s supply following dry weather conditions. More >>
Nourish Group adds Soul to the menu
Tuesday, 16 January 2018, 9:06 pm | BusinessDesk
Jan. 16 (BusinessDesk) - Nourish Group has added Auckland's high-profile Soul Bar & Bistro to its stable in a market where restaurateurs are feeling the competitive pinch and facing rising food and labour costs. More >>
MARKET CLOSE: Shares up, A2 Milk and Auckland Airport rise
Tuesday, 16 January 2018, 8:34 pm | BusinessDesk
Jan. 16 (BusinessDesk) - New Zealand shares rose in light trading, led higher by A2 Milk Co on a rival's earnings upgrade and Auckland International Airport gaining. More >>
NZ dollar may fall from a four-month high
Tuesday, 16 January 2018, 8:22 pm | BusinessDesk
Jan. 16 (BusinessDesk) - The New Zealand dollar may fall from a near a four-month high when US investors from holiday and bring an end to a bout of sharp greenback-selling on optimism about the euro's prospects. More >>
RBNZ review finds 'strong case' for reform
Tuesday, 16 January 2018, 5:06 pm | BusinessDesk
Jan. 16 (BusinessDesk) - A review of the Reserve Bank's decision-making and governance by former State Services Commissioner Iain Rennie found a strong case for reform at the central bank that would strengthen its decision-making process and improve ... More >>
NZX participants back simpler listing rules
Tuesday, 16 January 2018, 2:59 pm | BusinessDesk
Jan. 16 (BusinessDesk) - The NZX received 70-odd submissions on proposed changes to stock market listing rules and while most back simplifying the rules, they were divided on a proposal to incorporate differential requirements for equity issuers. More >>
NZ credit, debit card spending rises in December
Tuesday, 16 January 2018, 2:16 pm | BusinessDesk
Jan. 16 (BusinessDesk) - New Zealand retail spending on electronic cards gained in December for the fourth month in a row, driven by higher fuel prices. More >>
NZ business confidence sours in December quarter
Tuesday, 16 January 2018, 1:24 pm | BusinessDesk
Jan. 16 (BusinessDesk) - New Zealand firms turned pessimistic about the country's economic fortunes in the December quarter for the first time in more than two years, with the formation of a Labour-led government and its policy plans spooking businesses. More >>
NZ employment confidence, pay expectations and job security
Tuesday, 16 January 2018, 12:49 pm | BusinessDesk
Jan. 16 (BusinessDesk) - New Zealanders became slightly more confident about job opportunities in the December quarter, though most people aren't expecting a pay rise this year. More >>
AK Airport to sell Nth Q'land Airports stake for A$370 mil
Tuesday, 16 January 2018, 12:18 pm | BusinessDesk
Jan. 16 (BusinessDesk) - Auckland International Airport will sell its quarter-stake in the Cairns and Mackay airports in North Queensland to its fellow investors for A$370 million, almost three times what it paid eight years ago. More >>
NZ dollar climbs above 73 US cts, following euro higher
Tuesday, 16 January 2018, 11:37 am | BusinessDesk
NZ dollar climbs above 73 US cts, following euro higher on optimism over EU outlook More >>
While you were sleeping: Euro rallies, Carillion collapses
Tuesday, 16 January 2018, 10:56 am | BusinessDesk
Jan. 16 (BusinessDesk) - The euro strengthened to a three-year high amid optimism about economic growth in the European Union, the currency’s rise weighing on the region’s equities, notably those of exporters. More >>
MARKET CLOSE: NZ shares down in light trading
Monday, 15 January 2018, 8:31 pm | BusinessDesk
Jan. 15 (BusinessDesk) - New Zealand shares fell in light volume as holiday trading continued, with Pushpay Holdings and Fonterra Shareholders Fund leading the losses. More >>
NZ dollar pushes higher in Asian session
Monday, 15 January 2018, 8:21 pm | BusinessDesk
Jan. 15 (BusinessDesk) - The New Zealand dollar gained as new records on Wall Street spurred a global rally in equity markets and stoked investors' appetite for other risk-sensitive assets. More >>
Canadian pension fund gets approval to buy $17.7M dairy farm
Monday, 15 January 2018, 7:15 pm | BusinessDesk
Canada's Public Sector Pension Board gets OIO approval to buy $17.7M dairy farm and block More >>
MediaWorks, Fairfax settle with Sky over copyright dispute
Monday, 15 January 2018, 7:00 pm | BusinessDesk
Jan. 15 (BusinessDesk) - Free-to-air broadcaster MediaWorks Investments and publisher Fairfax New Zealand have settled with pay-TV operator Sky Network Television over a copyright dispute, leaving state-owned broadcaster Television New Zealand and NZX-listed ... More >>
Imperial Tobacco lifts annual profit
Monday, 15 January 2018, 6:29 pm | BusinessDesk
Jan. 15 (BusinessDesk) - Imperial Tobacco New Zealand boosted annual profit by almost a third as cheaper raw materials and a smaller wage spend helped offset a rising excise duty bill that has more than doubled over the past decade. More >>
Experience Co cleared by CAA to resume Queenstown skydiving
Monday, 15 January 2018, 5:18 pm | BusinessDesk
Jan. 15 (BusinessDesk) - ASX-listed Experience Co was cleared to resume skydiving operations in Queenstown yesterday after a voluntary suspension last week following an incident left an American man missing, presumed drowned. More >>
Mercury picksTesla for large scale battery project
Monday, 15 January 2018, 4:04 pm | BusinessDesk
Jan. 15 (BusinessDesk) - Mercury NZ has selected Tesla as the provider for a scalable national grid-connected battery trial after a tender process launched last September. More >>
CropLogic hires telco exec David de Cuevas as COO
Monday, 15 January 2018, 3:20 pm | BusinessDesk
Jan. 15 (BusinessDesk) - CropLogic has hired former telecommunications executive David de Cuevas as chief operating officer, who will lead the ASX-listed Kiwi agritech firm's US expansion. More >>
