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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 306]
MPI survives defrag of portfolios
Wednesday, 13 December 2017, 5:04 pm | BusinessDesk
Dec. 13 (BusinessDesk) - The Ministry for Primary Industries will not be split under the new government, but will instead serve as an overarching body for four portfolio-based entities focused on fisheries, forestry, biosecurity and food safety. More >>
Govt to conduct inquiry into September fuel pipeline outage
Wednesday, 13 December 2017, 4:32 pm | BusinessDesk
Dec. 13 (BusinessDesk) - The government will hold an independent inquiry into the September outage of the fuel pipeline from Marsden Point refinery to Auckland, says Energy and Resources Minister Megan Woods. More >>
FX trader faces civil proceedings
Wednesday, 13 December 2017, 2:25 pm | BusinessDesk
Dec. 13 (BusinessDesk) - Jin Yuan Finance, an Auckland-based foreign exchange trader, will face civil charges under anti-money laundering law in the Auckland High Court. More >>
NZ food prices fall 0.1% in November
Wednesday, 13 December 2017, 2:17 pm | BusinessDesk
Dec. 13 (BusinessDesk) - New Zealand food prices eased on the month in November but remained higher on the year, as poor growing conditions pushed pumpkin and kumara prices to historic highs and butter prices remained at record levels. More >>
Hallenstein Glasson 1H profit may rise 50%
Wednesday, 13 December 2017, 2:13 pm | BusinessDesk
Dec. 13 (BusinessDesk) - Hallenstein Glasson Holdings says trading so far this financial year suggests first-half profit may rise by more than 50 percent. More >>
ERoad trading halt lifted after $15.5m capital raising
Wednesday, 13 December 2017, 1:17 pm | BusinessDesk
Dec. 13 (BusinessDesk) - ERoad's shares are out of their trading halt after the company raised $15.5 million through a share placement. More >>
NZ house sales rise 17.8% in November
Wednesday, 13 December 2017, 12:50 pm | BusinessDesk
Dec. 13 (BusinessDesk) - New Zealand's housing market continued to show signs of life in November, with the number of properties sold up 17.8 percent on the month across the country, although it was down 8.9 percent on the year. More >>
Ebos CEO Patrick Davies to step down
Wednesday, 13 December 2017, 12:43 pm | BusinessDesk
Dec. 13 (BusinessDesk) - Ebos Group chief executive Patrick Davies has stepped down and will be replaced by chief financial officer John Cullity from March 31 next year, the healthcare and animal products company says. More >>
NZ dollar little changed
Wednesday, 13 December 2017, 12:04 pm | BusinessDesk
Dec. 13 (BusinessDesk) - The New Zealand dollar was little changed, having reached its highest level in more than four weeks overnight, as markets await policy decisions from the Federal Reserve, European Central Bank and the Bank of England, US inflation ... More >>
While you were sleeping: Wall St rallies as Fed gathers
Wednesday, 13 December 2017, 11:05 am | BusinessDesk
Dec. 13 (BusinessDesk) - Wall Street gained, sending the Dow and the S&P 500 to record highs, as investors prepared for the Federal Reserve’s third interest rate increase this year, widely expected to be announced on Wednesday. More >>
MARKET CLOSE: NZ shares mixed; Xero, retirement stocks slip
Tuesday, 12 December 2017, 8:32 pm | BusinessDesk
MARKET CLOSE: NZ shares mixed; Xero, retirement stocks slip while Sky TV, F&P Health gain More >>
NZ dollar gains vs Aussie after weak business confidence
Tuesday, 12 December 2017, 8:31 pm | BusinessDesk
Dec. 12 (BusinessDesk) - The New Zealand gained against the Aussie after disappointing business confidence across the Tasman and extended its gains against the greenback on speculation Adrian Orr will make a more hawkish next governor of the Reserve Bank. More >>
MPI finds Mycoplasma bovis on four new farms
Tuesday, 12 December 2017, 7:53 pm | BusinessDesk
Dec. 12 (BusinessDesk) - The Ministry for Primary Industries says four new properties have tested positive for the bacterial cattle disease Mycoplasma bovis, including the first outbreak in the North Island, and strongly suspects a fifth property may ... More >>
Moana NZ posts little-changed full-year profit
Tuesday, 12 December 2017, 7:41 pm | BusinessDesk
Moana NZ posts little-changed full-year profit as returns from lobster, fin fish fall; lifts dividend More >>
FMA makes final call for Hanover investors to lodge claims
Tuesday, 12 December 2017, 7:30 pm | BusinessDesk
Dec. 12 (BusinessDesk) - The Financial Markets Authority is urging the last 582 former Hanover Finance investors to lodge their claim on the $18 million settlement reached with the failed lender's directors and promoters. More >>
Rangatira Investments takes 50% stake in Mrs Higgins
Tuesday, 12 December 2017, 6:50 pm | BusinessDesk
Dec. 12 (BusinessDesk) - Rangatira Investments has taken a 50 percent stake in specialist cookie retailer Mrs Higgins, and will help bankroll a new manufacturing plant due to open in February as well as further expansion. More >>
F&P Healthcare extends patent fight vs ResMed
Tuesday, 12 December 2017, 6:28 pm | BusinessDesk
Dec. 12 (BusinessDesk) - Fisher and Paykel Healthcare has extended its patent fight with ResMed to Australia, seeking damages and injunctions to halt sales of its rival's products that it says infringed four patents. More >>
Kiwi Property bond offer oversubscribed
Tuesday, 12 December 2017, 6:27 pm | BusinessDesk
Dec. 12 (BusinessDesk) - Kiwi Property Group has raised $125 million in seven-year bonds, accepting $50 million in oversubscriptions after a bookbuild set the interest rate at the bottom end of the indicative range. More >>
Mānuka honey testing introduced as UK accepts NZ trademark
Tuesday, 12 December 2017, 5:30 pm | BusinessDesk
Dec. 12 (BusinessDesk) - Mānuka honey will be given an official marker under a new testing regime issued by the Ministry for Primary Industries, as the UK recognises New Zealand's rights to the name. More >>
GeoOp to raise funds in the new year to get to break even
Tuesday, 12 December 2017, 4:31 pm | BusinessDesk
Dec. 12 (BusinessDesk) - GeoOp plans to raise fresh capital in the new year after a scuttled initial public offering across the Tasman to help the management app developer break even. More >>
