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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 324]
Augusta first-half profit halves on revaluations
Monday, 13 November 2017, 12:49 pm | BusinessDesk
Nov. 13 (BusinessDesk) - Augusta Capital's first-half profit more than halved as the company wrote down the value of its stake in listed property investor NPT and didn't repeat year-earlier valuation gains as the firm continues its shift into funds ... More >>
SkyCity remains on track for 'modest growth'
Monday, 13 November 2017, 12:26 pm | BusinessDesk
Nov. 13 (BusinessDesk) - SkyCity Entertainment Group said revenue in the first four months of the financial year lifted 1.7 percent and it remains on track for "modest growth" in full-year earnings. More >>
NZ dollar little changed ahead of US CPI
Monday, 13 November 2017, 12:23 pm | BusinessDesk
NZ dollar little changed ahead of US CPI, seen as key to December rate hike More >>
China raises extradition for expat criminals with Peters
Monday, 13 November 2017, 9:34 am | BusinessDesk
Nov. 13 (BusinessDesk) - Chinese Foreign Minister Wang Yi has raised with his new New Zealand counterpart, Winston Peters, the extradition of Chinese nationals facing corruption and criminal charges. More >>
World Week Ahead: US retailers in focus
Monday, 13 November 2017, 9:22 am | BusinessDesk
Nov. 13 (BusinessDesk) - (BusinessDesk) - A slew of Federal Reserve officials including Chair Janet Yellen are set to speak in the coming days, while corporate earnings including from Home Depot and Wal-Mart will also help set the tone as investors eye ... More >>
Govt defends modest gains as TPP limps back to life
Sunday, 12 November 2017, 10:53 am | BusinessDesk
Nov. 12 (BusinessDesk) - The government is defending its support for an amended version of the TPP Pacific Rim trade and investment pact, saying it has achieved substantial progress on all five of the areas that Labour campaigned on changing. More >>
TPP back on with new name, Canada apparently back on board
Saturday, 11 November 2017, 6:27 pm | BusinessDesk
Nov. 11 (BusinessDesk) - The on-again-off-again revival of the Trans-Pacific Partnership is back on after a confusing 12 hours in which Canada appeared to have walked away from the deal, but returned to the negotiating table claiming “a misunderstanding”. More >>
Canada no-show throws TPP's future into doubt
Saturday, 11 November 2017, 10:05 am | BusinessDesk
Nov. 10 (BusinessDesk) - Canada's Prime Minister Justin Trudeau has failed to turn up to a crucial meeting of leaders of the 11 leaders of countries still signed up to the Trans-Pacific Partnership, in Da Nang, Viet Nam, throwing into serious doubt ... More >>
Hydroworks creditors face $12.6 mln shortfall
Friday, 10 November 2017, 8:51 pm | BusinessDesk
Nov. 10 (BusinessDesk) - Unpaid creditors of Hydroworks face a $12.6 million shortfall with the liquidators of the failed hydroelectric turbine maker finding the firm had little in the way of its own intellectual property. More >>
MARKET CLOSE: NZ shares fall on Air NZ, Xero, A2 selling
Friday, 10 November 2017, 8:35 pm | BusinessDesk
MARKET CLOSE: NZ shares fall on Air NZ, Xero, A2 selling while Heartland hits record By Sophie Boot More >>
NZ dollar heads for 0.5% weekly gain
Friday, 10 November 2017, 8:23 pm | BusinessDesk
Nov. 10 (BusinessDesk) - The New Zealand dollar is heading for a 0.5 percent weekly gain, helped by a Reserve Bank statement that was deemed slightly more hawkish. More >>
TVNZ will need Crown support if revenue keeps shrinking
Friday, 10 November 2017, 8:22 pm | BusinessDesk
Nov. 10 (BusinessDesk) - The Treasury advised the previous administration to think deeply about its ownership of commercial broadcaster Television New Zealand, which will need a Crown lifeline if the collapse in advertising revenue continues. More >>
FMA closes Xero share investigation
Friday, 10 November 2017, 8:19 pm | BusinessDesk
Nov. 10 (BusinessDesk) - The Financial Markets Authority has closed its two-year investigation into trading in Xero shares, concluding there was no insider trading ahead of a capital raising announcement. More >>
Bethunes narrows first-half loss
Friday, 10 November 2017, 8:17 pm | BusinessDesk
Nov. 10 (BusinessDesk) - Bethunes Investments narrowed its first-half loss after benefitting from a break fee when Westgate Power Centre-subsidiary NZ Retail Property Group terminated a proposed reverse listing transaction. More >>
Last minute glitch hits TPP deal
Friday, 10 November 2017, 4:36 pm | BusinessDesk
Nov. 10 (BusinessDesk) - An unnamed Asian member of the so-called TPP-11 has thrown a spanner in the works of 11th-hour negotiations on the future of the controversial Pacific Rim trade and investment deal. More >>
Vista Group announces share split to increase liquidity
Friday, 10 November 2017, 4:29 pm | BusinessDesk
Nov. 10 (BusinessDesk) - Vista Group International plans to double its shares on issue via a two-for-one split to increase market liquidity. More >>
UPDATE: Living Cell faces slower road to commercialisation
Friday, 10 November 2017, 4:21 pm | BusinessDesk
Nov. 10 (BusinessDesk) - ASX-listed Kiwi biotech firm Living Cell Technologies' shares plunged 84 percent after the company said it won't immediately be seeking provisional consent for its treatment for Parkinson's disease when its latest trial did not show ... More >>
Living Cell faces slower road to commercialisation
Friday, 10 November 2017, 3:24 pm | BusinessDesk
Nov. 10 (BusinessDesk) - ASX-listed Kiwi biotech firm Living Cell Technologies won't seek provisional consent for its treatment for Parkinson's disease after the latest trial did not show a "statistically significant difference" between people who received ... More >>
ASX-listed Volpara Health narrows first-half loss
Friday, 10 November 2017, 2:59 pm | BusinessDesk
Nov. 10 (BusinessDesk) - Volpara Health Technologies, the Kiwi digital health firm listed on the ASX, narrowed its first-half loss as rising revenue put it on track to deliver faster sales growth through the remainder of the year. More >>
Icebreaker inks $100M 10-year supply contract
Friday, 10 November 2017, 2:37 pm | BusinessDesk
Nov. 10 (BusinessDesk) - Merino outdoor clothing company Icebreaker has signed the longest ever supply contract with growers of New Zealand merino wool, worth $100 million over 10 years. More >>
