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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 297]
NZ dollar slips vs Aussie on strong building approvals
Tuesday, 9 January 2018, 5:28 pm | BusinessDesk
Jan. 9 (BusinessDesk) - The New Zealand dollar fell against the Australian dollar after figures showing a sharp jump in building approvals across the Tasman revived optimism about the strength of Australia's economy. More >>
MPI says Ashburton farm infected with Mycoplasma bovis
Tuesday, 9 January 2018, 4:55 pm | BusinessDesk
Jan. 9 (BusinessDesk) - The Ministry for Primary Industries says the bacterial cattle disease Mycoplasma bovis is present on a farm in the Ashburton area, bringing the total number of infected properties to 14, and says it is testing 30 other farms ... More >>
NZ a 'dangerous hunting ground' for media acquisitions
Tuesday, 9 January 2018, 12:53 pm | BusinessDesk
Jan. 9 (BusinessDesk) - New Zealand's media industry has been a "dangerous hunting ground" for international acquisitions and growth in the sector is elusive, according to research house Morningstar. More >>
MyFarm sees dairy farm investments waning
Tuesday, 9 January 2018, 12:49 pm | BusinessDesk
Jan. 9 (BusinessDesk) - MyFarm Investments, New Zealand's largest rural investment syndicator, is moving its focus away from its dairy farming origins and expects future growth to come from smaller overlooked investments such as fruit. More >>
MARKET CLOSE: NZ shares down, led lower by Metro Glass
Monday, 8 January 2018, 8:36 pm | BusinessDesk
MARKET CLOSE: NZ shares down, led lower by Metro Glass and Sky TV while Comvita, A2 rally More >>
Automotive Holdings Group buys two Manukau car dealerships
Monday, 8 January 2018, 8:28 pm | BusinessDesk
Jan. 8 (BusinessDesk) - ASX-listed Automotive Holdings Group, Australia's biggest auto retailer, has bought two dealerships in the Auckland suburb of Manukau for $7.5 million, expanding its footprint to nine franchises in the country's biggest city. More >>
NZ dollar pushes higher in Asian trading
Monday, 8 January 2018, 8:15 pm | BusinessDesk
Jan. 8 (BusinessDesk) - The New Zealand dollar rose in Asian trading as risk appetite remained strong and the US dollar remains out of favor, further weighed by weaker-than-expected jobs data overnight Friday. More >>
South Island VetLife warned over price fixing
Monday, 8 January 2018, 7:56 pm | BusinessDesk
Jan. 8 (BusinessDesk) - South Island veterinary practice VetLife, which operates 17 clinics, has been warned by the Commerce Commission for probably fixing prices of a restricted medicine with an unnamed competitor for a brief period in 2015. More >>
Gallagher Bassett buys TriEx Health for undisclosed sum
Monday, 8 January 2018, 6:17 pm | BusinessDesk
Jan. 8 (BusinessDesk) - Multinational insurance claims manager Gallagher Bassett has bought local workplace health and safety services provider TriEx Health, Safety and Wellness for an undisclosed sum. More >>
Gallagher Bassett buys TriEx Health for undisclosed sum
Monday, 8 January 2018, 6:16 pm | BusinessDesk
Jan. 8 (BusinessDesk) - Multinational insurance claims manager Gallagher Bassett has bought local workplace health and safety services provider TriEx Health, Safety and Wellness for an undisclosed sum. More >>
Cert NZ recommends software updates re: processor flaws
Monday, 8 January 2018, 6:14 pm | BusinessDesk
Jan. 8 (BusinessDesk) - The government's Computer Emergency Response Team (Cert NZ) says people should make sure software on their devices is up-to-date after a design flaw in most processing chips was made public last week. More >>
King Country Energy independents say accept takeover
Monday, 8 January 2018, 2:02 pm | BusinessDesk
Jan. 8 (BusinessDesk) - King Country Energy, the leading electricity generator and retailer in the King Country, Waitomo and Ruapehu regions, said its independent committee recommends shareholders accept a joint venture takeover offer. More >>
NZ Super Fund seeks recruiter to help find new chief
Monday, 8 January 2018, 1:44 pm | BusinessDesk
Jan. 8 (BusinessDesk) - The New Zealand Superannuation Fund aims to replace outgoing chief executive Adrian Orr by mid-May and is enlisting the help of a recruiter to find the best candidate. More >>
Auckland house prices rise in 2017, more sold for over $1m
Monday, 8 January 2018, 1:42 pm | BusinessDesk
Jan. 8 (BusinessDesk) - Average housing prices in Auckland rose in 2017 despite sales numbers falling, with 37 percent of homes sold for over $1 million in the year, realtor Barfoot & Thompson said. More >>
Summerset lifts 4th-quarter sales 31% on strong resales
Monday, 8 January 2018, 12:15 pm | BusinessDesk
Jan. 8 (BusinessDesk) - Summerset Group lifted fourth-quarter sales 31 percent, setting a quarterly record for the retirement village operator and developer, due largely to a jump in the resale of occupation rights. More >>
NZD hits new 3-mth high as US employment misses expectations
Monday, 8 January 2018, 12:11 pm | BusinessDesk
Jan. 8 (BusinessDesk) - The New Zealand dollar touched a new three-month high as US employment figures fell short of expectations on Friday, while commodity-sensitive currencies such as the kiwi remain in vogue at the start of 2018. More >>
World Week Ahead: Bullishness abounds
Monday, 8 January 2018, 11:28 am | BusinessDesk
Jan 8 (BusinessDesk) - Following a strong start to the new year for stocks on both sides of the Atlantic, investors will eye a slew of speeches by Federal Reserve officials as well as reports on US inflation and retail sales. More >>
MARKET CLOSE: NZ shares up on no news
Friday, 5 January 2018, 8:32 pm | BusinessDesk
Jan. 5 (BusinessDesk) - New Zealand shares gained with global equity markets in the absence of local corporate news, with Metro Performance Glass and Sky Network Television rising while Freightways dropped. More >>
NZ dollar gains vs Aussie on weak trade data
Friday, 5 January 2018, 8:11 pm | BusinessDesk
Jan. 5 (BusinessDesk) - The New Zealand dollar edged up against the Australian dollar after weaker-than-expected November trade data across the Tasman. More >>
Engender moves to commercialisation of genetic dairy tech
Friday, 5 January 2018, 4:12 pm | BusinessDesk
Jan. 5 (BusinessDesk) - Engender Technologies, the agricultural technology company spun out of Auckland University, is moving to scale up its sex-selection product for the dairy industry to full commercialisation in the next 18 months and is targeting ... More >>
