Scoop has an Ethical Paywall
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 33]
Promotion or knee-capping? Bridges moves Muller
Tuesday, 30 July 2019, 7:59 pm | BusinessDesk
July 30 (BusinessDesk) - The National Party MP most involved in negotiating with the government over climate change policy, Todd Muller, has been moved out of that portfolio and given responsibility for agriculture in a move that both Muller and ... More >>
COSL Prospector ideal rig for Great South Basin - OMV
Tuesday, 30 July 2019, 5:04 pm | BusinessDesk
July 30 (BusinessDesk) - The COSL Prospector is an ideal rig for drilling in the Great South Basin, an Environmental Protection Authority hearing was told today. More >>
Green Cross bemoans discounting of govt prescription charge
Tuesday, 30 July 2019, 3:17 pm | BusinessDesk
July 30 (BusinessDesk) - Green Cross Health says it has had to sacrifice margin to combat increased discounting by “some large foreign retailers,” particularly of the government-mandated charge for prescriptions. More >>
Auckland building consents hit record in year to June
Tuesday, 30 July 2019, 2:58 pm | BusinessDesk
July 30 (BusinessDesk) - The Auckland region consented a record number of new homes in the 12 months to June 30 but nationwide the number of new consents remains below all-time highs. More >>
Abano's annual net profit plummets 26%, dividend slashed
Tuesday, 30 July 2019, 1:38 pm | BusinessDesk
July 30 (BusinessDesk) - Abano Healthcare’s annual net profit dropped 26 percent, reflecting falling margins in both New Zealand and Australia and as it wrote off goodwill on four Australian dental practices. More >>
Spark cuts rugby world cup deal with Sky
Tuesday, 30 July 2019, 1:37 pm | BusinessDesk
July 30 (BusinessDesk) - Spark New Zealand and Sky Network Television have cut a deal where the pay-TV operator's commercial customers will be able to access the rugby world cup using a Sky decoder. More >>
NZ dollar climbs to 7-month high vs British pound
Tuesday, 30 July 2019, 11:37 am | BusinessDesk
July 30 (BusinessDesk) - The New Zealand dollar rose to a seven-month high against the British pound on growing expectations for a no-deal Brexit under the leadership of British Prime Minister Boris Johnson. More >>
Ihumatao no Bastion Point, says acting PM Peters
Monday, 29 July 2019, 9:12 pm | BusinessDesk
July 29 (BusinessDesk) - Acting Prime Minister Winston Peters rejects suggestions the protests over historic Maori stonefields at Ihumatao, near Auckland Airport, are today's equivalent to the Bastion Point protest of the mid-1970s, although he ... More >>
MARKET CLOSE: NZ shares rise as A2 buoyed by Bubs result
Monday, 29 July 2019, 9:11 pm | BusinessDesk
July 29 (BusinessDesk) - New Zealand shares rose as A2 Milk and Synlait Milk were buoyed by a strong June quarter for infant formula maker Bubs Australia. Ebos Group led the market higher on a light volume. More >>
NZ dollar treads water ahead of central bank rate-cutting
Monday, 29 July 2019, 9:10 pm | BusinessDesk
July 29 (BusinessDesk) - The New Zealand dollar was treading water, awaiting expected central bank rate-cutting action later this week and next. More >>
Shareholders upbeat despite little progress for 9 Spokes
Monday, 29 July 2019, 9:08 pm | BusinessDesk
July 29 (BusinessDesk) - Investors attending 9 Spokes International’s annual meeting were upbeat despite the company’s chair conceding 2019 had been the most demanding year so far for the tech-startup. More >>
Ethical investing on human rights grounds 'too hard'
Monday, 29 July 2019, 5:07 pm | BusinessDesk
July 29 (BusinessDesk) - Simplicity founder Sam Stubbs says New Zealand managers only have so much control over international investments and that it's "too hard" to make exclusions on human rights grounds. More >>
NZ Windfarms signs hedge for all its output
Monday, 29 July 2019, 4:41 pm | BusinessDesk
July 29 (BusinessDesk) - NZ Windfarms has signed a 15-month hedge on all the production from its Te Rere Hau wind farm near Palmerston North. More >>
Seeka considers sale and leaseback of Australian orchards
Monday, 29 July 2019, 4:13 pm | BusinessDesk
July 29 (BusinessDesk) - Kiwifruit grower and marketer Seeka said it is looking at a potential sale and leaseback on some or all of its orchard portfolio in Australia. More >>
Digital platform harms won't be fixed by regulation alone
Monday, 29 July 2019, 4:04 pm | BusinessDesk
July 29 (BusinessDesk) - Global digital platforms may have the potential for harm, but competition regulation isn’t necessarily the right tool for addressing them, a visiting academic says. More >>
Mainzeal director liability remains at $36 mln, court rules
Monday, 29 July 2019, 4:04 pm | BusinessDesk
July 29 (BusinessDesk) - The amount awarded against former Mainzeal directors including Jenny Shipley and Richard Yan will remain at $36 million, the High Court has ruled. More >>
ANZ Bank says regulatory imposts have reduced common equity
Monday, 29 July 2019, 2:20 pm | BusinessDesk
July 29 (BusinessDesk) - Australia-based ANZ Bank says the new conditions of registration the Reserve Bank imposed on its New Zealand subsidiary in late May mean its group tier 1 common equity has fallen 20 basis points. More >>
Law firms back use of hybrids in bank capital
Monday, 29 July 2019, 1:32 pm | BusinessDesk
July 29 (BusinessDesk) – Law firm Buddle Findlay says the Reserve Bank “must revisit” its decision not to allow hybrid securities to count as tier 1 capital when calculating the balance sheet strength of the country’s banks. More >>
Sky-Vodafone merger decision challenging - Berry
Monday, 29 July 2019, 11:39 am | BusinessDesk
July 29 (BusinessDesk) - The $3.4 billion Sky-Vodafone New Zealand transaction the Commerce Commission rejected in 2017 was the most difficult of the vertical mergers former chair Mark Berry had to consider. More >>
NZ dollar eases on US GDP; all eyes on Federal Reserve
Monday, 29 July 2019, 11:10 am | BusinessDesk
July 29 (BusinessDesk) - The New Zealand dollar weakened slightly after data showed the US economy slowed less than expected in the second quarter but the main focus is on the Federal Reserve ahead of its rate decision this week. More >>
