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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 334]
While you were sleeping: Caterpillar, 3M rally on outlook
Wednesday, 25 October 2017, 11:00 am | BusinessDesk
Oct. 25 (BusinessDesk) - Wall Street climbed as stronger-than-expected corporate earnings including from Caterpillar and 3M sent the Dow to a record high, bolstering optimism about the outlook. More >>
MARKET CLOSE: NZ shares extend gain as A2 hits new record
Tuesday, 24 October 2017, 9:08 pm | BusinessDesk
MARKET CLOSE: NZ shares extend gain as A2 hits new record; Ryman, Metlifecare, Summerset drop More >>
NZ dollar falls after govt policy emerges in coalition deals
Tuesday, 24 October 2017, 8:21 pm | BusinessDesk
Oct. 24 (BusinessDesk) - The New Zealand dollar fell after government policy details emerged in Labour's coalition agreement between Labour and NZ First and the confidence and supply deal with the Greens. More >>
Rail, forestry, green tech and regions winners in coalition
Tuesday, 24 October 2017, 7:50 pm | BusinessDesk
Oct. 24 (BusinessDesk) - The agreements between the Labour, New Zealand First and Green parties are good news for investment in railways, public transport, regional development, and green technology, and even farmers get a break on how quickly or ... More >>
Fuji Xerox NZ restates accounts
Tuesday, 24 October 2017, 7:48 pm | BusinessDesk
Oct. 24 (BusinessDesk) - Fuji Xerox New Zealand has restated its accounts after the Japanese parent uncovered a number of matters that had been "inappropriately accounted", resulting in its 2016 losses more than doubling to about $72 million. More >>
Dairy fund takes stake in Lewis Road
Tuesday, 24 October 2017, 5:26 pm | BusinessDesk
Oct. 24 (BusinessDesk) - Dairy farming investment fund Southern Pastures has taken an undisclosed but significant stake in Lewis Road Creamery, with executive chairman Prem Maan set to join the Lewis Road board. More >>
Profit-takers stall carbon price, but $20 in sight for Xmas
Tuesday, 24 October 2017, 5:23 pm | BusinessDesk
Oct. 24 (BusinessDesk) - The price of carbon in the New Zealand emissions trading scheme is nudging $19 a tonne and could reach $20 a tonne by Christmas, says the director for financial markets at OMF, which operates a carbon trading platform. More >>
All Whites are long odds vs Peru , but tourism winner
Tuesday, 24 October 2017, 5:00 pm | BusinessDesk
All Whites are long odds vs Peru in FIFA qualifier but NZ gets tourism payback More >>
Mitre 10 NZ posts 38% gain in FY profit
Tuesday, 24 October 2017, 4:49 pm | BusinessDesk
Mitre 10 NZ posts 38% gain in FY profit by reining in costs as margins squeezed More >>
GCSB sees potential for 'significant' malware disruption
Tuesday, 24 October 2017, 4:41 pm | BusinessDesk
Oct. 24 (BusinessDesk) - Vodafone New Zealand's pilot programme for the Government Communications Security Bureau showed the Cortex technology could "significantly" dent malicious software incursions. More >>
Merged media company could impose paywall, cut news quality
Tuesday, 24 October 2017, 4:39 pm | BusinessDesk
Oct. 24 (BusinessDesk) - A merged media entity of the country's biggest newspaper publishers could cut coverage quality or introduce a paywall without losing much advertising revenue, disadvantaging the public, the Commerce Commission's lawyer ... More >>
Fiona Mackenzie to take up position at FNZC
Tuesday, 24 October 2017, 3:56 pm | BusinessDesk
Oct. 24 (BusinessDesk) - Fiona Mackenzie, head of external investments at the New Zealand Superannuation Fund, is leaving to take up a position as head of direct wealth for First NZ Capital. More >>
Ebos takes 14% stake in Australian medi-softwarefirm
Tuesday, 24 October 2017, 3:46 pm | BusinessDesk
Oct. 24 (BusinessDesk) - Ebos Group has branched out into medical software buying a 14 percent stake in Australia's MedAdvisor business for A$10.5 million. More >>
Foley Family Wines in talks to buy Mt Difficulty Wines
Tuesday, 24 October 2017, 1:31 pm | BusinessDesk
Oct. 24 (BusinessDesk) - NZAX-listed Foley Family Wines is in talks to buy Mt Difficulty Wines, which would add the premium Mt Difficulty and Roaring Meg brands to a suite that includes Vavasour, Grove Mill and Te Kairanga. More >>
Fletcher shares halted as construction review looms
Tuesday, 24 October 2017, 1:11 pm | BusinessDesk
Oct. 24 (BusinessDesk) - Fletcher Building shares are in a trading halt ahead of tomorrow's annual meeting as a review of its Building + Interiors (B+I) business unit hangs over the company's 2018 earnings outlook, and with a new chief executive ... More >>
Australia's Vocus puts Kiwi business up for sale
Tuesday, 24 October 2017, 12:33 pm | BusinessDesk
Oct. 24 (BusinessDesk) - ASX-listed Vocus Group plans to sell its New Zealand assets, which include the Orcon and CallPlus retail businesses, by the end of June next year. More >>
NZ dollar trades near 5-month low
Tuesday, 24 October 2017, 11:45 am | BusinessDesk
Oct. 24 (BusinessDesk) - The New Zealand dollar traded near a five-month low, having sold off when the new government was announced, as traders await details of the coalition's policies. More >>
While you were sleeping: GE slump weighs on Wall St
Tuesday, 24 October 2017, 11:19 am | BusinessDesk
Oct. 24 (BusinessDesk) - A slide in General Electric shares weighed on Wall Street as investors eyed a slew of corporate earnings slated for release in the coming days as well as fresh clues about progress on the Trump administration’s tax reform ... More >>
World Week Ahead: Amazon, GDP, new Fed chair
Monday, 23 October 2017, 3:12 pm | BusinessDesk
Oct 23 (BusinessDesk) - A slew of US corporate earnings including from Amazon and a report on the country’s third-quarter gross domestic product will set the tone this week, while some expect the European Central Bank to announce a tapering of ... More >>
Adern names Labour Cabinet members
Friday, 20 October 2017, 8:49 pm | BusinessDesk
Oct. 20 (BusinessDesk) - Prime Minister-elect Jacinda Ardern has announced her cabinet, although their portfolios will stay unknown until next week. More >>
