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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 310]
MARKET CLOSE: NZ shares fall, Synlait and Tegel drop
Wednesday, 6 December 2017, 8:35 pm | BusinessDesk
Dec. 6 (BusinessDesk) - New Zealand shares fell with Synlait Milk and Fletcher Building leading the index down, and Tegel Group plunging on its earnings report, while Scales Corp hit a record on intraday trading. More >>
NZ dollar rises vs Aussie
Wednesday, 6 December 2017, 8:18 pm | BusinessDesk
Dec. 6 (BusinessDesk) - The New Zealand dollar rose against the Aussie dollar after figures showed the Australian economy grew at a slower-than-expected pace in the third quarter. More >>
Veritas cuts earnings guidance after AGM
Wednesday, 6 December 2017, 6:16 pm | BusinessDesk
Veritas cuts earnings guidance after AGM, sees profit falling by up to 17% in 2018 More >>
Govt to consider merging inadequate drinking water suppliers
Wednesday, 6 December 2017, 6:15 pm | BusinessDesk
Dec. 6 (BusinessDesk) - The government will consider merging council-run drinking water suppliers among the raft of recommendations to deal with New Zealand's inadequate drinking water system. More >>
Nyriad and Revera join forces to provide blockchain tech
Wednesday, 6 December 2017, 5:19 pm | BusinessDesk
Dec. 6 (BusinessDesk) - Cambridge-based start-up Nyriad has joined forces with Spark New Zealand's cloud service provider Revera to pilot a programme for Kiwi organisations to manage sensitive data using blockchain technology. More >>
ComCom to get market studies powers by end of 2018
Wednesday, 6 December 2017, 5:13 pm | BusinessDesk
ComCom to get market studies powers by end of 2018 after further information on petrol pricing More >>
Fonterra expected to cut farmgate milk price tomorrow
Wednesday, 6 December 2017, 4:15 pm | BusinessDesk
Dec. 6 (BusinessDesk) - Fonterra Cooperative Group is expected to cut its forecast farmgate milk price for the current season as early as tomorrow in line with weaker global dairy prices. More >>
NZ businesses losing confidence in face of worker shortage
Wednesday, 6 December 2017, 3:44 pm | BusinessDesk
Dec. 6 (BusinessDesk) - Businesses are heading into 2018 with less confidence than in 2017 and the tight labour market is the number one headache for employers, a survey by the Employers and Manufacturers Association has found. More >>
UPDATE: Tegel shares drop 10% on first-half result
Wednesday, 6 December 2017, 1:47 pm | BusinessDesk
Dec. 6 (BusinessDesk) - Tegel Group shares tumbled 10 percent after New Zealand's biggest poultry producer said first-half earnings fell 2.3 percent, missing estimates and stoking concern it hasn't managed to stabilise profitability in a domestic market ... More >>
Tegel boosts first-half sales, gross margin
Wednesday, 6 December 2017, 12:56 pm | BusinessDesk
Dec. 6 (BusinessDesk) - Tegel Group, New Zealand's biggest poultry producer, increased sales and recorded an improved gross margin in its first half, while higher expenses pushed profit down 2.3 percent. It is still aiming for an improved full-year result ... More >>
NZ fintech at tipping point
Wednesday, 6 December 2017, 12:46 pm | BusinessDesk
Dec. 6 (BusinessDesk) - New Zealand's burgeoning fintech sector is coming of age with the likes of the Reserve Bank thinking more deeply about the impact changing technology will have on the broader financial system. More >>
NZ share trading jumps 49% in November
Wednesday, 6 December 2017, 12:28 pm | BusinessDesk
Dec. 6 (BusinessDesk) - New Zealand share trading jumped 49 percent in November from a year earlier, with values up by almost the same amount, as the benchmark NZX 50 Index broke new ground, including a mammoth trading day to finish the month. More >>
NZ dollar slips after rising above 69 US cents overnight
Wednesday, 6 December 2017, 11:43 am | BusinessDesk
Dec. 6 (BusinessDesk) - The New Zealand dollar fell from its overnight highs against the greenback as dairy prices gained at the latest auction but on lower volumes. It rose against the Aussie dollar after the Reserve Bank of Australia kept its cash ... More >>
While you were sleeping: Tech stocks recover
Wednesday, 6 December 2017, 11:08 am | BusinessDesk
Dec. 6 (BusinessDesk) - Wall Street was mixed as investors assessed the impact of potential revisions to the Republican tax bill that is set to cut corporate tax rates. More >>
Dairy product prices rise for first time in five auctions
Wednesday, 6 December 2017, 10:18 am | BusinessDesk
Dec. 6 (BusinessDesk) - Dairy product prices rose at the Global Dairy Trade auction, increasing for the first time in five auctions, amid expectations that dry weather conditions in New Zealand might ease milk production. More >>
Dairy Product Prices Rise for First Time in Five Auctions
Wednesday, 6 December 2017, 10:17 am | BusinessDesk
Dec. 6 (BusinessDesk) - Dairy product prices rose at the Global Dairy Trade auction, increasing for the first time in five auctions, amid expectations that dry weather conditions in New Zealand might ease milk production. More >>
MARKET CLOSE: NZ shares down, Xero and A2 drop
Tuesday, 5 December 2017, 8:47 pm | BusinessDesk
Dec. 5 (BusinessDesk) - New Zealand shares fell, led lower by Xero and A2 Milk Co, while Scales Corp gained after a guidance update. More >>
Fairfax NZ returns to profit in 2017
Tuesday, 5 December 2017, 8:25 pm | BusinessDesk
Dec. 5 (BusinessDesk) - Fairfax New Zealand, which trades under the Stuff moniker, was back in black in 2017 after the cost of laying off staff tumbled by 80 percent and as a $100 million-plus impairment charge on the value of its newspaper mastheads ... More >>
NZ dollar rises after RBNZ signals more flexible approach
Tuesday, 5 December 2017, 8:23 pm | BusinessDesk
Dec. 5 (BusinessDesk) - The New Zealand dollar rose against the US dollar after acting Reserve Bank Governor Grant Spencer said the central bank is adopting a more flexible approach to inflation targeting as it grapples with persistently low inflation. More >>
OG Oil & Gas extends NZOG takeover bid again
Tuesday, 5 December 2017, 6:38 pm | BusinessDesk
Dec. 5 (BusinessDesk) - OG Oil & Gas has extended its partial takeover bid for NZX-listed New Zealand Oil & Gas for a second time, again saying the extra time is to secure regulatory approvals. More >>
