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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 313]
MARKET CLOSE: NZ shares rise in $1.4B-plus day
Thursday, 30 November 2017, 8:59 pm | BusinessDesk
MARKET CLOSE: NZ shares rise in $1.4B-plus day on F&P Health, Contact reweightings More >>
NZ dollar falls vs greenback on drop in business confidence
Thursday, 30 November 2017, 8:19 pm | BusinessDesk
Nov. 30 (BusinessDesk) - The New Zealand dollar fell against the greenback after business confidence dropped sharply in November and weakened against the Aussie dollar after positive data across the Tasman. More >>
Ngāti Whātua Ōrākei to buy land in Orakei from Housing NZ
Thursday, 30 November 2017, 7:47 pm | BusinessDesk
Nov. 30 (BusinessDesk) - Auckland-based hapū Ngāti Whātua Ōrākei has signed a deal with Housing New Zealand to buy five blocks of land near the Orakei marae, with the first going for $16.5 million. More >>
O'Connor: R&D spending 'pathetic', government to review PGP
Thursday, 30 November 2017, 7:45 pm | BusinessDesk
Nov. 30 (BusinessDesk) - Agriculture Minister Damien O'Connor said the new government plans to review the primary growth partnership programme although he lauded progress that has been made. More >>
Scott Technology insulated from trade war
Thursday, 30 November 2017, 6:58 pm | BusinessDesk
Nov. 30 (BusinessDesk) - Scott Technology is confident it can survive the growing prospect of a US-led trade war with manufacturing around the world spreading its risk, says chair Stuart McLauchlan. More >>
Apple gets OIO approval to acquire PowerbyProxi
Thursday, 30 November 2017, 6:27 pm | BusinessDesk
Nov. 30 (BusinessDesk) - Apple Inc was granted Overseas Investment Office approval to buy PowerbyProxi last month for a consideration exceeding $100 million. More >>
Veritas shares jump as ANZ pushes out loan maturity
Thursday, 30 November 2017, 5:27 pm | BusinessDesk
Nov. 30 (BusinessDesk) - Veritas Investments has again had its debt deadline extended by its bank to let it continue discussions for possible deals. More >>
NZ business confidence tumbles to 8-year low in November
Thursday, 30 November 2017, 4:24 pm | BusinessDesk
NZ business confidence tumbles to 8-year low in November, kiwi drops By Sophie Boot More >>
NZ carbon price hits highest level in more than 6 years
Thursday, 30 November 2017, 3:40 pm | BusinessDesk
Nov. 30 (BusinessDesk) - The New Zealand carbon price hit its highest level in more than six years on speculation the Labour-led government is likely to lift a cap on the maximum price emitters pay. More >>
NZ building consents fall in October on fewer apartments
Thursday, 30 November 2017, 2:17 pm | BusinessDesk
Nov. 30 (BusinessDesk) - New Zealand residential building consents dropped in October, led by a slide in permits for apartments. More >>
Moa first-half loss widens
Thursday, 30 November 2017, 12:23 pm | BusinessDesk
Nov. 30 (BusinessDesk) - Moa Group widened its first-half loss as the boutique beer maker accelerated spending to expand its beachhead in China, which it now sees as its most promising export market. More >>
Banking minnows step up property development lending
Thursday, 30 November 2017, 11:57 am | BusinessDesk
Nov. 30 (BusinessDesk) - New Zealand's second tier of licensed banks have ramped up their lending to residential property developers at a time the dominant players have adopted a more cautious approach to the sector. More >>
NZ dollar falls toward 18-month low vs pound
Thursday, 30 November 2017, 11:47 am | BusinessDesk
Nov. 30 (BusinessDesk) - The kiwi fell toward an 18-month low against the British pound on optimism the UK is overcoming hurdles to its European Union exit and was little changed versus the greenback after stronger US data. More >>
While you were sleeping: Tech stocks slide
Thursday, 30 November 2017, 10:47 am | BusinessDesk
Nov. 30 (BusinessDesk) - Wall Street was mixed amid a broad-based decline in technology stocks including Apple, Amazon and Netflix. More >>
MARKET CLOSE: NZ shares gain with Fletcher 'bargain-hunting'
Wednesday, 29 November 2017, 8:44 pm | BusinessDesk
MARKET CLOSE: NZ shares gain with Fletcher 'bargain-hunting'; Sky TV falls, Orion Health hits record low More >>
NZ dollar falls as US tax cuts progress
Wednesday, 29 November 2017, 8:12 pm | BusinessDesk
NZ dollar falls as US tax cut progress, Powell's rate hike signal lift greenback More >>
Seadragon draws down remaining $1M of Comvita loan
Wednesday, 29 November 2017, 8:11 pm | BusinessDesk
Nov. 29 (BusinessDesk) - Seadragon is drawing down the remaining $1 million of its convertible loan facility from shareholder Comvita to boost working capital, saying it has enough funds to grow provided it meets sales targets. More >>
Synlait looking to expand with plant in North Island
Wednesday, 29 November 2017, 6:31 pm | BusinessDesk
Nov. 29 (BusinessDesk) - Dairy products manufacturer Synlait Milk plans to purchase new land in the North Island to create a second powder manufacturing site and access a second pool of farm suppliers, it said in a presentation for its annual general ... More >>
Baldwin Boyle director Graeme McMillan steps down
Wednesday, 29 November 2017, 5:36 pm | BusinessDesk
Nov. 29 (BusinessDesk) - Graeme McMillan has stepped down from the board of Baldwin Boyle Group (BBG), the Auckland-based firm that has long handled Fonterra Cooperative Group's communications, to take up a full-time position with the dairy company. More >>
BioNona gains FDA approval for Atopis eczema cream
Wednesday, 29 November 2017, 5:04 pm | BusinessDesk
Nov. 29 (BusinessDesk) - BioNona, which markets skin treatment creams developed by biochemist and chief executive Iona Weir, says it has gained US Food and Drug Administration approval for its Atopis eczema cream treatment, giving it access to a market worth ... More >>
