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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 318]
Energy Mad settlement date pushed back to February
Wednesday, 22 November 2017, 3:11 pm | BusinessDesk
Nov. 22 (BusinessDesk) - The settlement date to sell Energy Mad, the energy efficient light bulb maker and marketer, to Ecobulb has been delayed until February next year to give it time to meet the necessary conditions, the chairman said. More >>
Renaissance Brewing: 10 parties line up for due diligence
Wednesday, 22 November 2017, 2:51 pm | BusinessDesk
Nov. 22 (BusinessDesk) - Renaissance Brewing has attracted 10 parties interested enough to undertake due diligence on buying the craft beer maker with bids due at the end of the week. More >>
Annual migration lifts in October
Wednesday, 22 November 2017, 2:19 pm | BusinessDesk
Nov. 22 (BusinessDesk) - New Zealand annual net migration rose in October and remains high by historical standards although it's lower than the record reached in July this year. More >>
Stride plans $43 mln redevelopment for Waste Management
Wednesday, 22 November 2017, 2:05 pm | BusinessDesk
Nov. 22 (BusinessDesk) - Stride Property Group plans to spend $43 million transforming an Auckland bottling plant into a logistics site for the country's biggest rubbish collection and recycling firm, Waste Management NZ. More >>
Investore first-half profit more than triples
Wednesday, 22 November 2017, 12:34 pm | BusinessDesk
Nov. 22 (BusinessDesk) - Investore Property, the property investor spun out of Stride Property last year, said first-half profit more than tripled as acquisitions boosted rental income and it benefited from lower finance costs. More >>
Serko in the black as first-half revenue climbs 30%
Wednesday, 22 November 2017, 12:16 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 >>
NZ dollar gains with global risk sentiment
Wednesday, 22 November 2017, 11:49 am | BusinessDesk
Nov. 22 (BusinessDesk) - The New Zealand dollar rose as a key measure of risk sentiment improved with the kiwi stronger even after dairy prices fell for the fourth straight dairy auction in a row. More >>
While you were sleeping: Wall St renews record highs
Wednesday, 22 November 2017, 11:00 am | BusinessDesk
Nov. 22 (BusinessDesk) - Wall Street climbed to fresh record highs as better-than-expected corporate earnings such as from Medtronic bolstered optimism about the outlook for profits. More >>
Dairy product prices slide for fourth straight auction
Wednesday, 22 November 2017, 10:20 am | BusinessDesk
Nov. 22 (BusinessDesk) - Dairy product prices fell at the Global Dairy Trade auction, retreating for the fourth straight auction amid signs of increased production. More >>
NZ dairy sector unveils plans to restore reputation
Tuesday, 21 November 2017, 9:33 pm | BusinessDesk
Nov. 21 (BusinessDesk) - New Zealand's dairy industry has unveiled plans to restore its reputation amid concern it has polluted waterways with nutrient runoff, sucks up too much groundwater for irrigation and generates greenhouse gases, denting the ... More >>
Man dies in glider crash near Lake Hawea
Tuesday, 21 November 2017, 9:17 pm | BusinessDesk
At approximately 5:30pm today Police received a report of a glider crash in the Hunter Range near Lake Hawea, Otago. More >>
Tighter overseas investment regime targets more than houses
Tuesday, 21 November 2017, 8:59 pm | BusinessDesk
Nov. 20 (BusinessDesk) - The government has begun policy work to tighten up further the sale of New Zealand assets to foreign investors, with new instructions to the Overseas Investment Office required to give effect to any new rules. More >>
NZ dollar holds above 68 US cents
Tuesday, 21 November 2017, 8:56 pm | BusinessDesk
Nov. 21 (BusinessDesk) - The New Zealand dollar continued to hover around 68 US cents as the greenback was supported by higher US bond yields and as geopolitical concerns weighed on the euro. More >>
MARKET CLOSE: NZ shares down on Kathmandu, Fisher & Paykel
Tuesday, 21 November 2017, 8:55 pm | BusinessDesk
Nov. 21 (BusinessDesk) - New Zealand shares dropped, led lower by Kathmandu Holdings and Fisher & Paykel Healthcare following trading updates, while A2 Milk Co met investor hopes at its annual meeting today. More >>
Outdated, unfocused Lincoln Uni gets blueprint for change
Tuesday, 21 November 2017, 8:55 pm | BusinessDesk
Nov. 21 (BusinessDesk) - Lincoln University faces a 10-to-20 year process to turn itself from an under-performing institution facing merger or closure into one of the world's top five agricultural universities, says a report released by a Transformation ... More >>
Govt takes action on $75M cost Chch sports facility blow-out
Tuesday, 21 November 2017, 7:51 pm | BusinessDesk
Nov. 21 (BusinessDesk) - The government has made its first big call on the Christchurch rebuild, calling a halt to the city's multi-sports centre project after learning its cost had blown out by $75 million to more than $300 million. More >>
Heartland wary of global market volatility
Tuesday, 21 November 2017, 5:17 pm | BusinessDesk
Nov. 21 (BusinessDesk) - Heartland Bank is sticking to existing forecasts for annual profit to rise as much as 13 percent as credit growth and improving asset quality bolster the lender's books, but is watchful of increasingly volatile global financial ... More >>
Juken will defend Red Stag court action over J-Frame
Tuesday, 21 November 2017, 4:56 pm | BusinessDesk
Nov. 21 (BusinessDesk) - Juken New Zealand will defend court action being taken against it by Red Stag Timber over its J-Frame product, saying the rival wood processor is trying to remove the growing competitive threat of laminated lumber. More >>
UPDATE: Parrotdog plans $1.4M capital raise
Tuesday, 21 November 2017, 4:42 pm | BusinessDesk
Nov. 21 (BusinessDesk) - Parrotdog, the Wellington-based brewing company, wants to raise up to $1.4 million in its second round of equity crowdfunding through PledgeMe. More >>
Fonterra's NZ milk collection lifts slightly in October
Tuesday, 21 November 2017, 4:38 pm | BusinessDesk
Nov. 21 (BusinessDesk) - Fonterra Cooperative Group's domestic milk collection lifted slightly in October as weather conditions improved toward the latter half of the month. More >>
