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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 333]
China's Yili eyes another $200M investment
Thursday, 26 October 2017, 12:10 pm | BusinessDesk
Oct. 26 (BusinessDesk) - As China's Inner Mongolia Yili Industrial Group eyes up a possible expansion into Australia, its New Zealand operation is picking up steam with plans to build a state-of-the-art laboratory and to invest at least another ... More >>
AWF Madison first-half profit falls 13%
Thursday, 26 October 2017, 12:08 pm | BusinessDesk
Oct. 26 (BusinessDesk) - AWF Madison Group, the country's biggest contract labour firm, said first-half profit fell 13 percent after what it said were "difficult winter conditions in the construction market". More >>
NZ Dollar Falls to 18-Month Low on TWI Basis
Thursday, 26 October 2017, 11:44 am | BusinessDesk
Oct. 26 (BusinessDesk) - The New Zealand dollar fell, reaching an 18-month low on a trade-weighted basis, as traders keep watch on emerging details of the new coalition government's fiscal policies. More >>
While you were sleeping: Boeing sends Dow lower
Thursday, 26 October 2017, 11:09 am | BusinessDesk
Oct. 26 (BusinessDesk) - Wall Street slid from record highs as shares of Boeing and AT&T declined following their latest earnings. More >>
Smiths City puts off capital return until next year
Wednesday, 25 October 2017, 9:12 pm | BusinessDesk
Smiths City puts off capital return until next year as tight trading leads to earnings downgrade More >>
MARKET CLOSE: NZ shares break winning streak on Fletcher
Wednesday, 25 October 2017, 9:12 pm | BusinessDesk
Oct. 25 (BusinessDesk) - New Zealand shares dipped, breaking a 15-day streak of gains as Fletcher Building faltered on another earnings downgrade, while Comvita, A2 and retirement village stocks gained. More >>
NZ dollar falls on political jitters, Aussie CPI
Wednesday, 25 October 2017, 9:10 pm | BusinessDesk
Oct. 25 (BusinessDesk) - The New Zealand dollar fell further against the greenback, weighed by ongoing political jitters and weaker-than-expected Australian inflation data. More >>
Business wants fair pay too, says Ardern
Wednesday, 25 October 2017, 7:19 pm | BusinessDesk
Oct. 25 (BusinessDesk) - Most businesses support a “fair set of employment policies” despite the opposition voiced by some business leaders to the new government’s plans to raise the minimum wage and pursue a new style of Fair Pay Agreements, Prime ... More >>
National Party loses copyright battle with Eminem
Wednesday, 25 October 2017, 6:52 pm | BusinessDesk
Oct. 25 (BusinessDesk) - The National Party has lost its copyright infringement court battle with US rapper Eminem over the unauthorised use of the rapper's 'Lose Yourself' song in a 2014 election campaign advertisement. More >>
TeamTalk chief Andrew Miller backs reinvestment
Wednesday, 25 October 2017, 5:14 pm | BusinessDesk
Oct. 25 (BusinessDesk) - TeamTalk chief executive Andrew Miller would prefer to see the telecommunications firm's earnings poured back into the business to build sustainable returns to shareholders. More >>
Skellerup says first quarter earnings up 10%
Wednesday, 25 October 2017, 4:46 pm | BusinessDesk
Oct. 25 (BusinessDesk) - Skellerup Holdings shares rose after the industrial rubber goods maker said first-quarter trading had been strong and it expects improved earnings in 2018. More >>
David Parker emerges as pivotal minister in new Cabinet
Wednesday, 25 October 2017, 4:24 pm | BusinessDesk
Oct. 25 (BusinessDesk) - Senior Labour Party MP David Parker has emerged as a linchpin in the new coalition Cabinet, taking the pivotal economic development, environment and trade portfolios that will connect him to key ministers in both the New Zealand ... More >>
OG Oil & Gas extends takeover offer for NZ Oil & Gas
Wednesday, 25 October 2017, 4:12 pm | BusinessDesk
Oct. 25 (BusinessDesk) - OG Oil & Gas has extended the closing date of its partial takeover bid for New Zealand Oil & Gas by one month to Dec. 9, while shareholder H&G has tendered its entire 9.2 percent stake into the offer. More >>
Infratil's NZ Bus completes Auckland deal
Wednesday, 25 October 2017, 4:05 pm | BusinessDesk
Oct. 25 (BusinessDesk) - Infratil, the publicly listed infrastructure investor, has concluded its NZ Bus negotiations with Auckland Transport while negotiations in Wellington are ongoing, and still expects the business will shrink by a third. More >>
Apple snaps up wireless power developer PowerbyProxi
Wednesday, 25 October 2017, 3:30 pm | BusinessDesk
Oct. 25 (BusinessDesk) - Apple, the world's biggest technology company, has bought New Zealand wireless power developer PowerbyProxi for an undisclosed sum. More >>
New employment law just a start
Wednesday, 25 October 2017, 3:06 pm | BusinessDesk
Oct. 25 (BusinessDesk) - New Zealand's union movement is optimistic its goals will get an "immediate boost" from the new Labour-led administration but won't rest on its laurels once new employment law is passed, says Council of Trade Unions president ... More >>
UPDATE: Norris offers apology on Fletcher Building forecasts
Wednesday, 25 October 2017, 1:42 pm | BusinessDesk
UPDATE: Norris offers apology as Fletcher Building forecasts 2018 B+I loss of $160M, further provisions More >>
Norris offers apology as Fletcher Building forecasts loss
Wednesday, 25 October 2017, 1:06 pm | BusinessDesk
Oct. 25 (BusinessDesk) - Fletcher Building has taken a further $125 million provision against problematic construction contracts including the Convention Centre and the Justice Precinct in Christchurch and said its B&I unit would report a full-year loss ... More >>
PGG Wrightson appoints Ian Glasson as new chief executive
Wednesday, 25 October 2017, 12:15 pm | BusinessDesk
Oct. 25 (BusinessDesk) - PGG Wrightson has hired former Gold Coin/Zuellig Agriculture head Ian Glasson to take over the Kiwi rural supplies business starting next month. More >>
NZ dollar drops to new 5-month low
Wednesday, 25 October 2017, 11:53 am | BusinessDesk
Oct. 25 (BusinessDesk) - The New Zealand dollar extended its decline, falling to a fresh five-month low, as the lack of hard policy in governance agreements between the Labour, NZ First and Green parties continued to unnerve markets. More >>
