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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 317]
Dollar gains as dovish Fed raises questions over rate hikes
Thursday, 23 November 2017, 8:19 pm | BusinessDesk
Nov. 23 (BusinessDesk) - The New Zealand dollar gained as markets pared back expectations for US rate hikes next year after minutes to the Federal Reserve's last meeting raised concerns stubbornly low inflation may persist. More >>
FMA stresses directors' role in ensuring audit quality
Thursday, 23 November 2017, 7:33 pm | BusinessDesk
Nov. 23 (BusinessDesk) - The Financial Markets Authority says the quality of audits in New Zealand is improving, although it wants more engagement from the business community. More >>
Banks lash out at RBNZ's proposed debt-to-income ratio tool
Thursday, 23 November 2017, 7:31 pm | BusinessDesk
Nov. 23 (BusinessDesk) - The proposed inclusion of a debt-to-income ratio tool in the Reserve Bank's toolkit was largely met with criticism in a series of submissions, with ANZ Bank New Zealand saying it is fundamentally flawed and Cooperative Bank ... More >>
GCSB's Cortex cyber defence seen saving $40M
Thursday, 23 November 2017, 7:22 pm | BusinessDesk
GCSB's Cortex cyber defence seen saving $40M from cost of cyber threats in 2017 More >>
Air NZ partners with Swiss travel platform on blockchain
Thursday, 23 November 2017, 5:23 pm | BusinessDesk
Nov. 23 (BusinessDesk) - Air New Zealand has announced a partnership with Swiss startup travel platform Winding Tree to explore the use of blockchain-based systems within its business. More >>
Cullen-led tax working group investigate fairer tax system
Thursday, 23 November 2017, 3:59 pm | BusinessDesk
Nov. 23 (BusinessDesk) - The government has appointed former Finance Minister Michael Cullen to lead a tax working group tasked with brainstorming a fairer and more balanced tax system. More >>
NZ retail sales growth slows to 0.2% pace
Thursday, 23 November 2017, 2:17 pm | BusinessDesk
Nov. 23 (BusinessDesk) - New Zealand retail sales increased at a slower pace in the third quarter, as restaurant sales dropped without major sporting events and fuel prices continued to decline. More >>
AFT Pharmaceuticals narrows 1H loss
Thursday, 23 November 2017, 1:12 pm | BusinessDesk
Nov. 23 (BusinessDesk) - AFT Pharmaceuticals, which manufactures the Maxigesic painkiller, narrowed its first-half loss and said it is still on track to return to profitability this financial year or the next as it increases the number of markets where its products ... More >>
Stride Property first-half profit rises 44%
Thursday, 23 November 2017, 12:58 pm | BusinessDesk
Nov. 23 (BusinessDesk) - Stride Property Group, which spun out its retail portfolio into a separately listed vehicle last year, posted a 44 percent gain in first-half profit as growth in management fees and lower costs made up for a decline in rental ... More >>
Ryman first-half profit climbs 8.4%
Thursday, 23 November 2017, 12:34 pm | BusinessDesk
Nov. 23 (BusinessDesk) - Ryman Healthcare, the country's biggest retirement village operator and developer, boosted first-half profit 8.4 percent and lifted its interim dividend on rising resales of existing units at a fatter margin, even as the broader ... More >>
Serko shares hit record
Thursday, 23 November 2017, 11:52 am | BusinessDesk
Nov. 23 (BusinessDesk) - Serko shares hit a record yesterday after the online travel booking software developer reported a net profit and positive cash flow, supporting its launch into Northern Hemisphere markets. More >>
NZ dollar gains amid Fed doubts about pace of inflation
Thursday, 23 November 2017, 11:50 am | BusinessDesk
Nov. 23 (BusinessDesk) - The New Zealand dollar rose to its highest level in almost a week after minutes of the last Federal Reserve policy meeting showed lingering concerns about persistently low inflation, echoing outgoing chair Janet Yellen's ... More >>
While you were sleeping: Energy stocks follow oil higher
Thursday, 23 November 2017, 10:54 am | BusinessDesk
Nov. 23 (BusinessDesk) - Wall Street moved lower, while energy stocks rose with the price of oil ahead of the Thanksgiving holiday. More >>
CORRECT: Serko in the black as first-half revenue climbs 30%
Wednesday, 22 November 2017, 8:34 pm | BusinessDesk
Nov. 22 (BusinessDesk) - Serko generated a first-half profit as the online travel booking software developer boosted trading revenue 30 percent and reined in spending, and is stepping up plans to launch in new international markets. More >>
MARKET CLOSE: NZ shares up on A2, Port of Tauranga gains
Wednesday, 22 November 2017, 8:33 pm | BusinessDesk
MARKET CLOSE: NZ shares up on A2, Port of Tauranga gains while F&P Healthcare falls further More >>
NZ dollar holds gains after Yellen voices uncertainty
Wednesday, 22 November 2017, 8:19 pm | BusinessDesk
Nov. 22 (BusinessDesk) - The New Zealand dollar held onto its overnight gains after Federal Reserve chair Janet Yellen voiced uncertainty over whether US inflation will soon rebound, casting some doubt on market expectations for US rate increases. More >>
Fliway takeover at upper end of independent adviser's range
Wednesday, 22 November 2017, 7:53 pm | BusinessDesk
Nov. 22 (BusinessDesk) - A $55.4 million takeover of NZX-listed logistics firm Fliway Group is at the upper end of an independent valuation range, and unless a better bid emerges the pros outweigh the cons, according to the deal's independent adviser ... More >>
Trans Tasman newsletter publisher faces liquidation
Wednesday, 22 November 2017, 7:52 pm | BusinessDesk
Nov. 22 (BusinessDesk) - The Main Report Group of companies, which publishes the long-running Trans Tasman 'political insider' newsletter, is facing liquidation and owner Max Bowden has until next week to come up with a plan to satisfy its creditor. More >>
Seeka upgrades FY guidance
Wednesday, 22 November 2017, 3:35 pm | BusinessDesk
Nov. 22 (BusinessDesk) - Seeka, the biggest kiwifruit grower in Australasia, has lifted its annual operating earnings guidance after improved performance across most of its businesses. More >>
Scott Technology outbid overseas buyer in DC Ross deal
Wednesday, 22 November 2017, 3:13 pm | BusinessDesk
Nov. 22 (BusinessDesk) - Scott Technology outbid an overseas buyer when it bought Dunedin-based engineering firm DC Ross out of receivership, a six-monthly report from the receivers shows. More >>
