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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 332]
UPDATE: Transport Investments to join NZX in reverse listing
Friday, 27 October 2017, 6:50 pm | BusinessDesk
UPDATE: Transport Investments to join NZX in reverse listing; Bethunes shares (Recasts and updates with Bethunes and broker comments, updates shares) More >>
NZ regional fuel tax comes as global tide turns
Friday, 27 October 2017, 6:49 pm | BusinessDesk
Oct. 27 (BusinessDesk) - A regional petrol tax to help fund Auckland city's transport infrastructure comes amid a global change in the air for user-pays funding for major projects, provided the benefits stack up for those footing the bill. More >>
Inflationary govt policies could catch market off guard
Friday, 27 October 2017, 6:36 pm | BusinessDesk
Oct. 27 (BusinessDesk) - New Zealand's interest rate swaps have barely budged since the new government was announced despite the risk that its policies could stoke inflation, provoking a rate-hike response from the Reserve Bank. More >>
Property For Industry seeks up to $100 million
Friday, 27 October 2017, 4:36 pm | BusinessDesk
Oct. 27 (BusinessDesk) - Property For Industry wants to raise $100 million through a new bond offer to institutional and New Zealand investors in order to repay existing bank debt. More >>
Murray Goulburn enters binding agreement to sell to Saputo
Friday, 27 October 2017, 3:51 pm | BusinessDesk
Oct. 27 (BusinessDesk) - Murray Goulburn Cooperative, Australia's largest milk processor, has entered a binding agreement to sell all its operating assets and liabilities to Canada's Saputo for A$1.31 billion, it told shareholders at their annual meeting. More >>
Low-spending households face increased inflation
Friday, 27 October 2017, 2:53 pm | BusinessDesk
Oct. 27 (BusinessDesk) - Low-spending households continued to face higher inflation than top earners in the third quarter although superannuitants were hit by rising rates and insurance costs, Stats NZ said More >>
Fire-damaged Humes warehouse fully insured
Friday, 27 October 2017, 2:26 pm | BusinessDesk
Oct. 27 (BusinessDesk) - Goodman (NZ), the manager of Goodman Property Trust, says the fire-damaged Humes warehouse in Penrose, Auckland, was fully insured and wasn't a meaningful part of its portfolio. More >>
NZ dollar extends slide on progress with US tax cuts
Friday, 27 October 2017, 12:06 pm | BusinessDesk
Oct. 27 (BusinessDesk) - The New Zealand dollar fell to a five-month low against the greenback on progress for US President Donald Trump's plan to slash taxes and gained against the euro after the European Central Bank said it would cut bond purchases ... More >>
Govt lawyers, kiwifruit growers battle over duty of care
Friday, 27 October 2017, 11:51 am | BusinessDesk
Oct. 27 (BusinessDesk) - In the closing days of the 11-week court case brought by kiwifruit growers against the Ministry for Primary Industries over the 2009 outbreak of Psa, the government's lawyers insist it doesn't have a duty of care for biosecurity ... More >>
While you were sleeping: Earnings lift Wall St
Friday, 27 October 2017, 11:05 am | BusinessDesk
Oct. 27 (BusinessDesk) - Wall Street climbed amid better-than-expected corporate earnings including from DowDuPont. More >>
MARKET CLOSE: NZ shares down, Fletcher drops below $7.50
Thursday, 26 October 2017, 9:00 pm | BusinessDesk
Oct. 26 (BusinessDesk) - New Zealand shares fell, dragged lower by Fletcher Building with weakness from Australia & New Zealand Banking Group after its earnings worried investors. More >>
Dollar may extend decline on govt policy 'vacuum'
Thursday, 26 October 2017, 8:17 pm | BusinessDesk
Oct. 26 (BusinessDesk) - The New Zealand dollar is vulnerable to more downside as investors await more detail on the new government's policies and as the US dollar gains. More >>
FMA charges Steven Robertson with stealing investor funds
Thursday, 26 October 2017, 3:50 pm | BusinessDesk
Oct. 26 (BusinessDesk) - The Financial Markets Authority has filed 47 criminal charges against Steven Robertson in the Auckland District Court accusing him stealing investor funds while purporting to be financial adviser. More >>
Auckland Airport defends $1.8B spending programme
Thursday, 26 October 2017, 3:08 pm | BusinessDesk
Oct. 26 (BusinessDesk) - Auckland International Airport has talked up the "fair balance" it struck in setting out a $1.8 billion infrastructure spending programme which chief executive Adrian Littlewood says is probably the most significant since its original ... More >>
New Zealand's trade deficit narrows in September
Thursday, 26 October 2017, 2:43 pm | BusinessDesk
Oct. 26 (BusinessDesk) - New Zealand's trade deficit narrowed in September as the value of dairy exports rose, but was still wider than economists expected on both the monthly and annual basis. More >>
Meridian positive on what new government has flagged to date
Thursday, 26 October 2017, 2:26 pm | BusinessDesk
Oct. 26 (BusinessDesk) - Outgoing Meridian Energy chief executive Mark Binns said there is a lot of detail in the coalition proposals from Prime Minister-designate Jacinda Ardern's government the company is keen to engage on and overall it is positive ... More >>
Freightways 1st-qtr profit rises 6.4%
Thursday, 26 October 2017, 1:49 pm | BusinessDesk
Freightways 1st-qtr profit rises 6.4%, putting it on track for annual earnings growth More >>
ANZ New Zealand boosts FY earnings 21%
Thursday, 26 October 2017, 1:47 pm | BusinessDesk
ANZ New Zealand boosts FY earnings 21% as costs fall on smaller workforce; bad debts decline More >>
Fliway board backs $55.4M takeover
Thursday, 26 October 2017, 12:21 pm | BusinessDesk
Oct. 26 (BusinessDesk) - Fliway Group's board is backing a $55.4 million takeover bid by Singaporean logistics firm Yang Kee Logistics which offers investors a 13 percent premium to its latest trading price, in a turbulent time for the transport ... More >>
NZ's responsible investment conundrum spurs invite to NY
Thursday, 26 October 2017, 12:19 pm | BusinessDesk
Oct. 26 (BusinessDesk) - The rapid shift by New Zealand fund managers to back responsible investment last year attracted international interest and an invite to an exclusive conference in New York for Kiwi Wealth chief investment officer Simon O'Grady. More >>
