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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 312]
John Anderson steps down from NZME, T&G Global boards
Monday, 4 December 2017, 6:21 pm | BusinessDesk
Dec. 4 (BusinessDesk) - Veteran director John Anderson is stepping down from the boards of NZME and T&G Global over the next fortnight. More >>
Godfrey Hirst's NZ profit climbs 41% to six-year high
Monday, 4 December 2017, 4:44 pm | BusinessDesk
Godfrey Hirst's NZ profit climbs 41% to six-year high ahead of Mohawk sale More >>
Harvey Norman lifts NZ profit on increased homewares sales
Monday, 4 December 2017, 4:33 pm | BusinessDesk
Dec. 4 (BusinessDesk) - Harvey Norman's New Zealand profit rose 15 percent in the latest financial year, with furniture, bedding and electronics sales strong. More >>
Kiwi Property Group to raise up to $125 mln in bond offer
Monday, 4 December 2017, 2:31 pm | BusinessDesk
Dec. 4 (BusinessDesk) - Kiwi Property Group wants to raise as much as $125 million selling seven-year bonds to repay bank loans and for general business use, joining the growing number of firms chasing cheaper capital through the listed debt market. More >>
NZ dollar gains amid reports of Flynn testimony
Monday, 4 December 2017, 11:43 am | BusinessDesk
Dec. 4 (BusinessDesk) - The New Zealand dollar gained in the US on Friday after reports that former Trump adviser Michael Flynn is prepared to testify against the US president about being asked to make contact with Russia in the run-up to last year's presidential ... More >>
World Week Ahead: Eyes on US probe, tax bill, jobs data
Monday, 4 December 2017, 9:36 am | BusinessDesk
Dec. 4 (BusinessDesk) - Aside from the latest US jobs data, and what that means in terms of potential interest rate hikes, investors will closely eye any progress on the Republican tax bill and the special US probe of Russian interference in the ... More >>
MARKET CLOSE: NZ shares up, Fonterra gains on $183m damages
Friday, 1 December 2017, 8:37 pm | BusinessDesk
MARKET CLOSE: NZ shares up, Fonterra gains on $183m damages, Tourism Holdings and Port of Tauranga rise More >>
NZ dollar heads for 0.6% weekly as business confidence falls
Friday, 1 December 2017, 8:36 pm | BusinessDesk
NZ dollar heads for 0.6% weekly as business confidence falls, Robertson hints at slowdown More >>
Fonterra cuts forecast 2018 per-share earnings on Danone
Friday, 1 December 2017, 8:35 pm | BusinessDesk
Fonterra cuts forecast 2018 per-share earnings on Danone damages, sees limited scope to appeal More >>
New Zealand needs to pull ahead of world on agri-innovation
Friday, 1 December 2017, 8:34 pm | BusinessDesk
Dec. 1 (BusinessDesk) - New Zealand must pull ahead of the rest of the world in agri-food innovation in order to retain a competitive advantage, speakers told the Ministry for Primary Industry's food and fibre innovation conference on Thursday. More >>
Dairy auction prices expected to lift on drought threat
Friday, 1 December 2017, 3:45 pm | BusinessDesk
Dec. 1 (BusinessDesk) - Prices on the GlobalDairyTrade auction may lift next week, snapping four consecutive declines, as the increased threat of drought in New Zealand weighs on expectations for Fonterra Cooperative Group's milk production. More >>
Danone says Fonterra ordered to pay 105 mln euros damages
Friday, 1 December 2017, 3:06 pm | BusinessDesk
Fonterra Cooperative Group has been ordered to pay 105 million euros in damages to Danone over "food safety failures" in 2013, following arbitration in Singapore. More >>
NZ terms of trade reach record high in September quarter
Friday, 1 December 2017, 2:58 pm | BusinessDesk
Dec. 1 (BusinessDesk) - New Zealand's terms of trade hit a new record in the September quarter as cheaper petrol imports offset lower export prices, which have been buoyed by strong butter prices in recent months. More >>
Govt to 'put the state back into state housing': Twyford
Friday, 1 December 2017, 2:20 pm | BusinessDesk
Dec. 1 (BusinessDesk) - The government is planning "the biggest overhaul of housing policy since the time of the first Labour government" by building 100,000 new houses, re-inventing state housing and reviewing the Residential Tenancies Act ... More >>
Vital Healthcare adds Acurity's Royston hospital
Friday, 1 December 2017, 1:35 pm | BusinessDesk
Dec. 1 (BusinessDesk) - Vital Healthcare Property Trust has bought Acurity Health Group's Royston hospital for $54 million, having got Overseas Investment Office approval to acquire two other hospitals in the private operator's portfolio. More >>
Hallenstein Glasson says sales and margins lift
Friday, 1 December 2017, 12:20 pm | BusinessDesk
Dec. 1 (BusinessDesk) - Hallenstein Glasson Holdings said its clothing retail chains had traded strongly so far this summer, with increased sales and margins. More >>
Fonterra seeks trading halt pending Danone arbitration
Friday, 1 December 2017, 12:09 pm | BusinessDesk
Dec. 1 (BusinessDesk) - Fonterra Cooperative Group has sought a trading halt ahead of a decision in its dispute with Danone over the whey protein contamination in 2013. More >>
NZ dollar slips to week-low after finance minister speech
Friday, 1 December 2017, 12:07 pm | BusinessDesk
NZ dollar slips to week-low after finance minister confirms slow debt repayment, halt to tax cuts More >>
Robertson Says Govt Will Cancel Tax Cuts to Fund Policies
Friday, 1 December 2017, 11:24 am | BusinessDesk
Dec. 1 (BusinessDesk) - The government will cancel the previous administration's tax cuts, slow debt repayment and weed out low-priority spending to fund its policies, with the details to be set out in the Dec. 14 Budget update, says Finance Minister ... More >>
While you were sleeping: Tax overhaul optimism
Friday, 1 December 2017, 10:43 am | BusinessDesk
Dec. 1 (BusinessDesk) - Wall Street rallied, sending the Dow and S&P 500 to record highs, amid signs that the Trump administration is moving a step closer to delivering on its tax reform promise. More >>
