Scoop has an Ethical Paywall
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 296]
Feds' Hoggard urges farmers to pay backpackers regular rates
Thursday, 11 January 2018, 6:12 pm | BusinessDesk
Jan. 11 (BusinessDesk) - Federated Farmers vice-president Andrew Hoggard says farmers should pay backpackers market rates if they want to keep a handy pool of casual labour and avoid volunteer workers. More >>
Softwood log exports hit new record, worrying processors
Thursday, 11 January 2018, 3:39 pm | BusinessDesk
Jan. 11 (BusinessDesk) - New Zealand log exports hit a new record last year, underscoring the concerns of local manufacturers that the country is sending too many unprocessed logs overseas, posing a threat for local timber supply in the future and undermining ... More >>
OGOG declares partial NZOG takeover unconditional
Thursday, 11 January 2018, 2:13 pm | BusinessDesk
Jan. 11 (BusinessDesk) - OG Oil & Gas has declared its partial takeover for New Zealand Oil & Gas unconditional, having achieved more than enough support to take control of the NZX-listed energy explorer and producer. More >>
Warehouse expects first-half earnings to fall by up to 28%
Thursday, 11 January 2018, 1:39 pm | BusinessDesk
Jan. 11 (BusinessDesk) - Warehouse Group expects first-half adjusted earnings from continuing operations to fall 22-to-28 percent as it keeps investing to transform the business. More >>
NZD at 3-month high as China may scale back on US bonds
Thursday, 11 January 2018, 12:04 pm | BusinessDesk
Jan. 11 (BusinessDesk) - The New Zealand dollar rose to a new three-month high as reports China may cut its purchases of new US government bonds weighed on Wall Street and the greenback. More >>
Pace of NZ property value gains almost halves in 2017
Thursday, 11 January 2018, 11:07 am | BusinessDesk
Jan. 11 (BusinessDesk) - New Zealand property values rose at almost half the pace of the prior year in 2017 as tighter lending criteria, restrictions on highly leveraged loans, and electoral uncertainty took the wind out of the local housing market, Quotable ... More >>
While you were sleeping: Treasuries slide as China concerns
Thursday, 11 January 2018, 11:00 am | BusinessDesk
China added to bond investors’ jitters on Wednesday as Bloomberg reported, citing people familiar with the matter, that senior government officials in Beijing reviewing the nation’s foreign-exchange holdings have recommended slowing or halting purchases ... More >>
MARKET CLOSE: NZ shares drop as US bond yields rise
Wednesday, 10 January 2018, 10:43 pm | BusinessDesk
MARKET CLOSE: NZ shares drop as rising US bond yields dim dividend allure; A2, Air NZ, Pushpay fall More >>
NZ dollar dips against greenback after US bond yields rise
Wednesday, 10 January 2018, 10:42 pm | BusinessDesk
Jan. 10 (BusinessDesk) - The New Zealand dollar was slightly weaker against the greenback after rising yields on US government bonds continued to spark some renewed interest in the US dollar in Asia. More >>
OIO investigates Agria's 'Good Character' status
Wednesday, 10 January 2018, 10:41 pm | BusinessDesk
Jan. 10 (BusinessDesk) - The Overseas Investment Office is investigating the "good character" status of China's Agria Corp, PGG Wrightson largest shareholder, after the company was formally delisted from the New York Stock Exchange early last ... More >>
Pushpay aims for 10% of US annual giving
Wednesday, 10 January 2018, 3:42 pm | BusinessDesk
Pushpay aims for 10% of US annual giving as it pushes forward US listing date More >>
UK-based Dechra Pharmaceuticals buys local distributor RxVet
Wednesday, 10 January 2018, 3:13 pm | BusinessDesk
Jan. 10 (BusinessDesk) - London-listed veterinary drugs maker Dechra Pharmaceuticals has bought local distributor RxVet for an undisclosed sum, continuing its expansion in Australasia over the past couple of years. More >>
Ag Minister extends drought classification to Grey, Buller
Wednesday, 10 January 2018, 11:23 am | BusinessDesk
Jan. 10 (BusinessDesk) - Agriculture and Rural Minister Damien O'Connor has added the Grey and Buller districts on the South Island's West Coast to the medium-scale drought declared in the lower North Island last month. More >>
NZTA seek info to set up national EV charge infrastructure
Wednesday, 10 January 2018, 11:19 am | BusinessDesk
Jan. 10 (BusinessDesk) - The NZ Transport Agency is seeking information for a nationwide electric vehicle charging infrastructure as it looks to roll out a further 41 electric vehicles across its fleet. More >>
ERoad meets sales forecasts in third quarter
Wednesday, 10 January 2018, 11:06 am | BusinessDesk
Jan. 10 (BusinessDesk) - ERoad met its unit sales expectations in the third quarter of the 2018 financial year, lifting total contracted units by 17 percent. More >>
Allied Farmers; no deal yet with Property Ventures directors
Wednesday, 10 January 2018, 11:04 am | BusinessDesk
Jan. 10 (BusinessDesk) - Allied Farmers says a deal hasn’t yet been reached with the directors of property developer Dave Henderson’s Property Ventures Ltd (PVL), contrary to reports yesterday. More >>
Aus PAS Group 1st 1/2 earnings hit by NZ Customs ruling
Wednesday, 10 January 2018, 11:01 am | BusinessDesk
Jan. 10 (BusinessDesk) - Australia's PAS Group, whose suite of retail brands include Review, Black Pepper and JETS, says first-half earnings will be weighed down by a New Zealand Customs decision that didn't go its way last year. More >>
NZD slips against USD as US bond yields near 10-mth high
Wednesday, 10 January 2018, 10:56 am | BusinessDesk
Paul McBeth The New Zealand dollar dipped against the greenback as rising yields on US government bonds stoked demand for the world's reserve currency, after traders were spooked by the Bank of Japan trimming its bond purchases yesterday. More >>
US Treasuries slide on supply, inflation concerns
Wednesday, 10 January 2018, 10:52 am | BusinessDesk
Jan. 10 (BusinessDesk) - Wall Street rose to record highs amid optimism about corporate earnings, while US Treasuries slid amid concern about pending government debt supply and inflation. More >>
MARKET CLOSE: NZ shares up in quiet trading
Tuesday, 9 January 2018, 6:58 pm | BusinessDesk
MARKET CLOSE: NZ shares up in quiet trading, Ryman and Port of Tauranga gain while Tourism Holdings drops More >>
