BusinessDesk

Independent, Trustworthy New Zealand Business News

The Wellington-based BusinessDesk team provides a daily news feed for a serious business audience.

Contact BusinessDesk

Email - editor@businessdesk.co.nz

BusinessDesk - Latest News [Page 328]

NZ inflation expectations ease over two-year horizon

Monday, 6 November 2017, 6:33 pm | BusinessDesk

Nov. 6 (BusinessDesk) - New Zealand firms once again dialled back their two-year inflation expectations and also lowered their growth forecasts, which will likely add to the view the central bank will reiterate that rates will remain on hold until ... More >>

Spark faces 'big decisions' in customer-centric future

Monday, 6 November 2017, 5:12 pm | BusinessDesk

Nov. 6 (BusinessDesk) - Spark New Zealand's board will have to make a number of "big decisions" in a rapidly changing environment as the country's biggest telecommunications firm overhauls itself to put customers front and centre, says chair Justine Smyth. More >>

NZ commodity prices fall in October on weaker dairy prices

Monday, 6 November 2017, 4:36 pm | BusinessDesk

Nov. 6 (BusinessDesk) - New Zealand commodity prices fell in October as dairy prices eased although they fared better in New Zealand dollar terms after the kiwi fell to its lowest level in more than a year on a trade-weighted index basis. More >>

MARKET CLOSE: NZ shares fall, led by A2

Friday, 3 November 2017, 8:58 pm | BusinessDesk

Nov. 3 (BusinessDesk) - New Zealand shares dropped, led lower again by A2 Milk Co while Fletcher Building and CBL Corp rose. More >>

NZ dollar heads for 0.7% weekly gain

Friday, 3 November 2017, 8:24 pm | BusinessDesk

Nov. 3 (BusinessDesk) - The New Zealand dollar is heading for a 0.7 percent weekly gain against the greenback as strong domestic jobs figures bolstered the local outlook and as traders questioned whether proposed US tax cuts will go ahead and rates will ... More >>

RBNZ expected to stand pat and issue cautious statement

Friday, 3 November 2017, 7:09 pm | BusinessDesk

RBNZ expected to stand pat and issue cautious statement in first review under new govt More >>

VF Corp's Icebreaker acquisition needs OIO approval

Friday, 3 November 2017, 6:58 pm | BusinessDesk

(updates and recasts lede to include need for OIO approval and VF statement on the deal in the fourth paragraph) More >>

Colonial Motor Co cautiously optimistic about 2018

Friday, 3 November 2017, 6:18 pm | BusinessDesk

Nov. 3 (BusinessDesk) - Colonial Motor Co, which listed on the NZ stock exchange in 1962, is cautious about forecasting in the year ahead despite its strong returns in 2017 and continued demand for new vehicles. More >>

BNZ at a different restructuring stage to NAB

Friday, 3 November 2017, 3:04 pm | BusinessDesk

Nov. 3 (BusinessDesk) - Bank of New Zealand is on a different trajectory to parent National Australia Bank in overhauling its workforce and isn't ready to put a number on the number of jobs affected yet. More >>

Spark mulls over re-training staff

Friday, 3 November 2017, 2:08 pm | BusinessDesk

Nov. 3 (BusinessDesk) - Spark New Zealand chief executive Simon Moutter says he's troubled by the changing nature of the workforce and is exploring how to best re-train people halfway through their careers to deal with the changing environment. More >>

US clothing giant VF Corporation to buy NZ's Icebreaker

Friday, 3 November 2017, 1:58 pm | BusinessDesk

Nov. 3 (BusinessDesk) - US-based VF Corporation will buy merino clothing maker Icebreaker, the two companies said in separate statements. The terms of the deal were not disclosed. More >>

Auckland house sales drop in October, prices remain high

Friday, 3 November 2017, 1:38 pm | BusinessDesk

Nov. 3 (BusinessDesk) - The Auckland housing market was stable in October despite the political uncertainty, with prices steady although sales volumes dropped. More >>

NZ new vehicle sales post strongest October month on record

Friday, 3 November 2017, 1:20 pm | BusinessDesk

Nov. 3 (BusinessDesk) - New Zealand new vehicle sales rose 5.6 percent in October, hitting a new record for the month and keeping sales on track to hit their highest ever level this year. More >>

NZ dollar jumps to two-week high

Friday, 3 November 2017, 11:44 am | BusinessDesk

Nov. 3 (BusinessDesk) - The New Zealand dollar gained to a two-week high against the pound after the Bank of England raised interest rates for the first time in more than 10 years but said further hikes would be gradual, a more dovish view than the ... More >>