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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 31]
Banks, insurers' complacency 'hard to comprehend' - FMA
Friday, 2 August 2019, 7:08 pm | BusinessDesk
Aug. 2 (BusinessDesk) - The complacency of the New Zealand banking and life insurance sectors in the face of the Australian inquiry into financial services misconduct was "frustrating" and "difficult to comprehend," the chief executive ... More >>
Vodafone to execute 100% NZ-centric strategy
Friday, 2 August 2019, 3:32 pm | BusinessDesk
Aug. 2 (BusinessDesk) - Vodafone New Zealand says its new ownership means it can execute a New Zealand-centric strategy while retaining a close relationship with the global Vodafone Group. More >>
Barfoot & Thompson says Auckland housing market moving again
Friday, 2 August 2019, 2:13 pm | BusinessDesk
Aug. 2 (BusinessDesk) - Auckland’s biggest realtor says there was a “modest but definite” shift in the housing market in July when property prices fell but sales numbers rose. More >>
Comvita posts worse-than-expected $7.6m operating loss
Friday, 2 August 2019, 1:54 pm | BusinessDesk
Aug. 2 (BusinessDesk) - Comvita says it posted a full-year $7.6 million after-tax operating loss after sales in China were weaker than expected. More >>
Confidence wanes as NZ consumers worry about the future
Friday, 2 August 2019, 1:41 pm | BusinessDesk
Aug. 2 (BusinessDesk) - Consumer confidence took a hit in July as consumers fret about the future. More >>
Genesis says Kupe production to decline
Friday, 2 August 2019, 12:34 pm | BusinessDesk
Aug. 2 (BusinessDesk) - Genesis Energy says production from the Kupe gas field it part owns has come off its peak and will likely decline steadily until a new compression project is completed in mid-2021. More >>
NZ dollar gains against Aussie
Friday, 2 August 2019, 11:17 am | BusinessDesk
Aug. 2 (BusinessDesk) - The New Zealand dollar gained against its Australian counterpart after US President Donald Trump tweeted plans to impose more tariffs on China. More >>
MARKET CLOSE: NZ shares mixed, weighed by A2 Milk
Thursday, 1 August 2019, 8:57 pm | BusinessDesk
Aug. 1 (BusinessDesk) - New Zealand shares were mixed, weighed by some profit-taking in the A2 Milk company and a slide in Tourism Holdings. More >>
CORRECT: Ethical investing on human rights grounds 'too hard
Thursday, 1 August 2019, 8:47 pm | BusinessDesk
(Corrects sixth paragraph of story issued July 29 to fix size of Simplicity’s non-KiwiSaver growth fund, the percentage allocated to Vanguard’s ethically conscious share fund, and add Simplicity’s exposure to Barrick.) More >>
Farmers vs industry on day one of Zero Carbon bill hearings
Thursday, 1 August 2019, 8:37 pm | BusinessDesk
Aug. 1 (BusinessDesk) - Farming communities' fears of mass tree planting ran smack into industries with big carbon footprints on the first day of hearings on the government's zero carbon legislation. More >>
NZ dollar little changed after Fed rate cut
Thursday, 1 August 2019, 8:36 pm | BusinessDesk
Aug. 1 (BusinessDesk) - The New Zealand dollar was little changed in the wake of the US Federal Reserve’s first interest rate cut in more than a decade and as the market continues to expect a rate cut from our own Reserve Bank next week. More >>
Augusta aims for $3 bln under management by 2022
Thursday, 1 August 2019, 5:28 pm | BusinessDesk
Aug. 1 (BusinessDesk) - Augusta Capital wants to increase assets under management to $3 billion by its 2022 financial year, the property and investment manager told its annual shareholders’ meeting. More >>
Z Energy takes aim at competition with data, branding
Thursday, 1 August 2019, 3:56 pm | BusinessDesk
Aug. 1 (BusinessDesk) - Z Energy says it will use the strength of its two brands and its increasing data capability to better target different customer segments and counter the threat from new outlets being built by smaller competitors. More >>
Datacom lifts capital spending
Thursday, 1 August 2019, 3:54 pm | BusinessDesk
Aug. 1 (BusinessDesk) - Datacom Group lifted capital spending by about 22 percent and added almost 1,200 staff in the March 2019 year as demand for IT services continues to outstrip wider economic growth. More >>
Government announces new vocational education structures
Thursday, 1 August 2019, 3:34 pm | BusinessDesk
Aug. 1 (BusinessDesk) - Up to seven industry-governed Workforce Development Councils will be formed by 2022 to help tackle skill shortages and a mismatch between training currently provided and the needs of employers, the government says. More >>
High-flying property stocks likely to rise further: Jarden
Thursday, 1 August 2019, 2:40 pm | BusinessDesk
Aug. 1 (BusinessDesk) - The value of New Zealand’s listed property stocks has risen 60 percent on average since they bottomed in 2012 and they are now trading about 18 percent above their net tangible asset backing. More >>
Vodafone to switch on 5G in December
Thursday, 1 August 2019, 2:04 pm | BusinessDesk
Aug. 1 (BusinessDesk) - Vodafone New Zealand, owned by Infratil and Brookfield Asset Management as of today, plans to switch on a 5G network in Auckland, Wellington, Christchurch and Queenstown in December. More >>
Cooks, Enprise face trading suspension for late reports
Thursday, 1 August 2019, 12:45 pm | BusinessDesk
Aug. 1 (BusinessDesk) - Stock exchange operator NZX has warned Enprise and Cooks Global Foods that it will suspend trading in their shares unless their annual reports are filed by close of trading on Wednesday, Aug. 7. More >>
Warehouse launches new e-commerce platform
Thursday, 1 August 2019, 12:38 pm | BusinessDesk
Aug. 1 (BusinessDesk) - The Warehouse Group has launched its new e-commerce venture TheMarket in a bid to tap into the $4.2 billion New Zealander's spent online in 2018. More >>
Pacific Edge eyes final US milestone within year
Thursday, 1 August 2019, 11:48 am | BusinessDesk
Aug 1 (BusinessDesk) - Pacific Edge says it may achieve the key third element for reimbursement by private and public US health insurers for its Cxbladder cancer diagnostic tests within a year. More >>
