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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 311]
Delegat lifts full-year earnings guidance on sales growth
Tuesday, 5 December 2017, 6:37 pm | BusinessDesk
Dec. 5 (BusinessDesk) - Delegat Group, New Zealand's largest listed winemaker, lifted its 2018 earnings guidance, saying it's benefiting from sales growth and a weaker kiwi dollar. More >>
Low inflation - RBNZ considers tweaking monetary policy
Tuesday, 5 December 2017, 5:04 pm | BusinessDesk
Dec. 5 (BusinessDesk) - The Reserve Bank is considering tweaking its approach to monetary policy in the face of persistently low inflation since the global financial crisis, says acting governor Grant Spencer. More >>
NZ commodity prices fall in November on weaker dairy
Tuesday, 5 December 2017, 4:34 pm | BusinessDesk
Dec. 5 (BusinessDesk) - New Zealand commodity prices slipped further in November, with dairy prices leading the pack lower although the softening was across the board. More >>
NZ Steel seeks review of Chinese steel dumping complaint
Tuesday, 5 December 2017, 4:14 pm | BusinessDesk
Dec. 5 (BusinessDesk) - Australian-owned New Zealand Steel has asked the High Court for a judicial review of the decision by the former Minister of Commerce and Consumer Affairs not to impose countervailing duties on imports of galvanised steel coil from ... More >>
Scales Corp forecasts 2017 earnings at upper end of guidance
Tuesday, 5 December 2017, 3:05 pm | BusinessDesk
Dec. 5 (BusinessDesk) - Scales Corp now expects full-year earnings to be at the upper end of guidance on the performance of its horticulture division and new acquisitions. Earnings will rise in 2018, it said. More >>
NZ building work ramps up in 3Q
Tuesday, 5 December 2017, 2:17 pm | BusinessDesk
Dec. 5 (BusinessDesk) - The value of New Zealand building work gained in the September quarter, as both non-residential and residential activity increased, after a relatively flat start to the year, says Statistics New Zealand. More >>
Auckland house sales fall 20% in November
Tuesday, 5 December 2017, 2:16 pm | BusinessDesk
Dec. 5 (BusinessDesk) - The number of house sales in Auckland fell 20 percent on the year in November and prices remained subdued as inventory levels continue to push higher. More >>
Bethunes shareholders approve Transport Investments deal
Tuesday, 5 December 2017, 1:19 pm | BusinessDesk
Dec. 5 (BusinessDesk) - Bethunes Investments shareholders have approved a reverse listing deal that will see the NZX-listed company used as a vehicle for freight and logistics firm Transport Investments to go public. More >>
NZ govt operating deficit wider than expected
Tuesday, 5 December 2017, 1:14 pm | BusinessDesk
Dec. 5 (BusinessDesk) - The New Zealand government's operating deficit was slightly wider than expected in the first four months of the financial year as the cost of reinstating State Highway 1 between Picton and Christchurch was more expensive than ... More >>
NZX says markets to return to normal trading
Tuesday, 5 December 2017, 1:13 pm | BusinessDesk
Dec. 5 (BusinessDesk) - NZX, the financial markets operator, said its markets will operate as normal today after its trading platform suffered an outage late yesterday. More >>
Farmer confidence drops over new government policies
Tuesday, 5 December 2017, 12:38 pm | BusinessDesk
Dec. 5 (BusinessDesk) - New Zealand farmer confidence dropped in the final quarter of the year, and has tumbled 41 percent in the past six months, mainly on concerns the coalition government will enact policies that constrain the rural sector. More >>
New Vehicle Sales Hit Fresh Annual Record
Tuesday, 5 December 2017, 12:27 pm | BusinessDesk
Dec. 5 (BusinessDesk) - New Zealand new vehicle sales will hit a record in 2017 for the fourth consecutive year, with November data showing sales so far this year are already higher than for the whole of 2016. More >>
Chorus Reshuffles Executive Team
Tuesday, 5 December 2017, 12:16 pm | BusinessDesk
Dec. 5 (BusinessDesk) - Chorus has reshuffled its executive team, handing strategic responsibility to general counsel Vanessa Oakley from next March to fill a gap left by recent hire Scott Newton. More >>
NZ$ Falls as Greenback Benefits on Tax Reform Progress
Tuesday, 5 December 2017, 11:52 am | BusinessDesk
Dec. 5 (BusinessDesk) - The New Zealand dollar fell against a broadly stronger greenback after the US Senate approved tax reforms that analysts say could boost the world's biggest economy by 0.3 percent next year. More >>
While you were sleeping: Tax plan progress lifts Dow
Tuesday, 5 December 2017, 10:36 am | BusinessDesk
Dec. 5 (BusinessDesk) - Wall Street rose, with the Dow and the S&P 500 both touching fresh record highs, as optimism about the Republican tax reform plan bolstered bank shares at the expense of technology stocks. More >>
MARKET CLOSE: NZ shares mixed in subdued trading
Monday, 4 December 2017, 8:41 pm | BusinessDesk
Dec. 4 (BusinessDesk) - New Zealand shares edged lower in quiet trading as investors weighed up the mixed messages from Wall Street on Friday and NZX's trading platform suffered an outage late in the day. Synlait Milk declined ahead of an investor update ... More >>
Government may cut National's 'unbudgeted' projects
Monday, 4 December 2017, 8:29 pm | BusinessDesk
Dec. 4 (BusinessDesk) - Prime Minister Jacinda Ardern says her government may scrap projects announced by the previous administration, some of which didn't have money set aside for them in the budget. More >>
NZ dollar little changed in Asia as traders weigh progress
Monday, 4 December 2017, 8:27 pm | BusinessDesk
NZ dollar little changed in Asia as traders weigh progress on US tax reform, Flynn testimony More >>
Wiri prison becomes more profitable on lower expenses
Monday, 4 December 2017, 8:07 pm | BusinessDesk
Dec. 4 (BusinessDesk) - SecureFuture Wiri Holdings, which has the contract for the Auckland South Corrections Facility, turned to a full-year profit as expenses fell and it recognised a gain on the value of interest rate swaps. More >>
McConnell Dowell posts $20.6M loss
Monday, 4 December 2017, 7:01 pm | BusinessDesk
Dec. 4 (BusinessDesk) - McConnell Dowell Constructors has posted a full-year loss in the face of lower sales and "material losses" at its North Otago Irrigation Co (NOIC) and Kawarau Falls Bridge contracts. More >>
