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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 336]
Zeta Resources bid for NZ OIl & Gas fails
Thursday, 19 October 2017, 1:48 pm | BusinessDesk
Oct. 19 (BusinessDesk) - ASX-listed Zeta Resources' play to seize control of New Zealand & Gas did not meet the minimum acceptance condition and has lapsed, leaving a rival bid from Ofer Group Oil & Gas as the sole offer on the table. More >>
Zespri lifts forecast for 2018 tray returns
Thursday, 19 October 2017, 12:58 pm | BusinessDesk
Oct. 19 (BusinessDesk) - Zespri Group, the country's statutory kiwifruit exporter, raised its forecast for tray returns across all varieties in the 2018 financial year and is accelerating licensing for its SunGold fruit on growing demand for the sweeter ... More >>
Veritas censured, fined $55,000 plus costs
Thursday, 19 October 2017, 12:44 pm | BusinessDesk
Oct. 19 (BusinessDesk) - Veritas Investments has been publicly censured and fined $55,000 plus costs by the NZ Markets Disciplinary Tribunal for failing to immediately disclose to the market that it had agreed to sell or close its Nosh business as a ... More >>
NZ dollar falls before NZ First's announcement
Thursday, 19 October 2017, 11:52 am | BusinessDesk
Oct. 19 (BusinessDesk) - The New Zealand dollar fell ahead of an announcement on the formation of the new government, flagged for today, as the market prepares to assess the policy concessions wrung out of the deal by the NZ First Party. More >>
While you were sleeping: IBM rally boosts Dow to record
Thursday, 19 October 2017, 11:07 am | BusinessDesk
Oct. 19 (BusinessDesk) - Wall Street rose to fresh record highs, bolstered by a rally in shares of IBM after the company reported quarterly earnings and an outlook that exceeded expectations. More >>
MARKET CLOSE: Shares rise, buoyed by international interest
Wednesday, 18 October 2017, 8:56 pm | BusinessDesk
MARKET CLOSE: NZ shares rise, buoyed by international interest; Synlait, Comvita gain; Sky TV drops More >>
Dollar falls as market wait to see who will govern
Wednesday, 18 October 2017, 8:29 pm | BusinessDesk
Oct. 18 (BusinessDesk) - The New Zealand dollar fell while remaining in a narrow trading range as the market waits to find out which parties will form the country's next government. More >>
Comvita lifts earnings outlook on 'grey market' recovery
Wednesday, 18 October 2017, 6:18 pm | BusinessDesk
Oct. 18 (BusinessDesk) - Comvita raised its 2018 earnings outlook after a solid recovery of the so-called "grey channel" into China and significant North American sales, chief executive Scott Coulter said in a presentation for the annual general ... More >>
Tourism Holdings mindful of global ructions
Wednesday, 18 October 2017, 6:15 pm | BusinessDesk
Oct. 18 (BusinessDesk) - Tourism Holdings is better equipped to cope with major global events that may stifle international travel, such as last year's Brexit vote and the election of US President Donald Trump, says chair Rob Campbell. More >>
Celo says healthcare platform is secure against cyber-threat
Wednesday, 18 October 2017, 6:14 pm | BusinessDesk
Oct. 18 (BusinessDesk) - Technology startup Celo, which recently teamed with Roche NZ, says its healthcare data platform is secure against cyber-threats including those that exploit the key reinstallation attack weakness, or KRACK, that may leave devices ... More >>
NZ's IRD a global leader in shift to digital
Wednesday, 18 October 2017, 5:44 pm | BusinessDesk
NZ's IRD a global leader in shift to digital, unobtrusive tax administration, Ferguson says More >>
Lawyers disagree on 'moveable feast' in media merger case
Wednesday, 18 October 2017, 5:41 pm | BusinessDesk
Oct. 18 (BusinessDesk) - Lawyers in the media merger appeal case in Wellington's High Court have clashed over a second appeal made by lawyers for Stuff and NZME, which the Commerce Commission says has been undisciplined and inappropriate. More >>
China's Citic Capital builds 7.3% stake in Tourism Holdings
Wednesday, 18 October 2017, 2:03 pm | BusinessDesk
Oct. 18 (BusinessDesk) - Chinese investment manager Citic Capital, which oversees US$21 billion of assets, has built up a 7.3 percent stake in Tourism Holdings, making it the motorhome operator's second-biggest shareholder. More >>
RESEND: Former PM John Key tapped to take over as ANZ Chair
Wednesday, 18 October 2017, 1:42 pm | BusinessDesk
Oct. 18 (BusinessDesk) - Former Prime Minister John Key will take over as chair of the country's biggest bank, ANZ Bank New Zealand, next year in his second high-profile directorship. More >>
Former PM John Key tapped to take over as ANZ NZ chair
Wednesday, 18 October 2017, 1:21 pm | BusinessDesk
Oct. 18 (BusinessDesk) - Former Prime Minister John Key will take over as chair of the country's biggest bank, ANZ Bank New Zealand, next year in his second high-profile directorship. More >>
Mercury NZ lifts earnings outlook
Wednesday, 18 October 2017, 12:11 pm | BusinessDesk
Oct. 18 (BusinessDesk) - Mercury NZ, the electricity generator-retailer formerly known as MightyRiverPower, raised its annual earnings guidance as the spell of wet weather boosted generation at its North Island hydro plants. More >>
CricHQ tipped into receivership
Wednesday, 18 October 2017, 11:52 am | BusinessDesk
Oct. 18 (BusinessDesk) - CricHQ, the cloud-based cricket software developer, has been tipped into receivership after failing to convert interest in the product into commercial success. More >>
NZ dollar falls after dairy auction
Wednesday, 18 October 2017, 11:49 am | BusinessDesk
Oct. 18 (BusinessDesk) - The New Zealand dollar fell after prices dropped in the latest dairy auction, prompting ANZ Bank New Zealand to downgrade its milk payout forecast, while gains in the kiwi after stronger inflation data proved to be short-lived. More >>
While you were sleeping: Dow tops 23,000
Wednesday, 18 October 2017, 11:11 am | BusinessDesk
Oct. 18 (BusinessDesk) - Wall Street was mixed, with the Dow rising above 23,000 for the first time as shares of UnitedHealth Group and those of Johnson & Johnson rose after they reported results that beat expectations and upgraded their respective ... More >>
Dairy product prices slide amid confidence in outlook
Wednesday, 18 October 2017, 9:57 am | BusinessDesk
Oct. 18 (BusinessDesk) - Dairy product prices fell at the Global Dairy Trade auction, declining for the sixth time in nine auctions, amid bets on sufficient supply. More >>
