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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 337]
NZ Super Fund Paid 60 Times More Tax than Fonterra Last Year
Wednesday, 18 October 2017, 9:32 am | BusinessDesk
NZ Super Fund, govt cash cow, paid 60 times more tax than Fonterra last year More >>
FMA fast-tracks personalised robo-advice with exemption
Wednesday, 18 October 2017, 9:16 am | BusinessDesk
Oct. 18 (BusinessDesk) - The Financial Markets Authority will let Kiwis access personalised automated financial advice, known as robo-advice, with an exemption kicking in before a legislative overhaul of the sector. More >>
FMA fast-tracks personalised robo-advice with exemption
Wednesday, 18 October 2017, 9:09 am | BusinessDesk
Oct. 18 (BusinessDesk) - The Financial Markets Authority will let Kiwis access personalised automated financial advice, known as robo-advice, with an exemption kicking in before a legislative overhaul of the sector. More >>
NZ's Top Tech Companies Generate $10B in 2017 Sales
Wednesday, 18 October 2017, 9:00 am | BusinessDesk
Oct. 17 (BusinessDesk) - New Zealand’s top 200 technology companies generated $10 billion of annual sales for the first time with more than $7.3 billion coming from exports, according to the 2017 TIN100 report. More >>
MARKET CLOSE: NZ shares rise as Restaurant Brands, A2 gain
Tuesday, 17 October 2017, 8:31 pm | BusinessDesk
Oct. 17 (BusinessDesk) - New Zealand shares rose, led by Restaurant Brands and A2 Milk while Xero and Scales Corp fell, with investors still uncertain about the make-up of the next government. More >>
NZ dollar pares CPI gains as greenback rises
Tuesday, 17 October 2017, 8:15 pm | BusinessDesk
Oct. 17 (BusinessDesk) - The New Zealand dollar was little changed, paring the gains it made on stronger-than-expected inflation data, as the greenback strengthened in Asian trading. More >>
Reduced viewpoints in media merger not ComCom's concern
Tuesday, 17 October 2017, 7:49 pm | BusinessDesk
Oct. 17 (BusinessDesk) - The Commerce Commission shouldn't have considered reduced media plurality in deciding to reject the merger of Stuff and NZME, the media companies' lawyer told the court. More >>
NZ Super Fund paid 60 times more tax than Fonterra
Tuesday, 17 October 2017, 7:04 pm | BusinessDesk
NZ Super Fund, govt cash cow, paid 60 times more tax than Fonterra last year More >>
Fisher Funds says new Xero holding amounts to 3% of Kingfish
Tuesday, 17 October 2017, 6:14 pm | BusinessDesk
Oct. 17 (BusinessDesk) - Kingfish, a listed investment fund that targets New Zealand shares, has taken an $8 million position in Xero shares after flagging its first bet on the unprofitable accounting software company. More >>
Infratil, flush with funds, won't offer reinvestment option
Tuesday, 17 October 2017, 5:53 pm | BusinessDesk
Oct. 17 (BusinessDesk) - Infratil, which is one of the biggest issuers of NZDX-listed debt securities, says it won't offer holders of its November 2017 bonds an option to reinvest because it has ample funds and untapped bank facilities. More >>
UPDATE: housing-related costs push up inflation
Tuesday, 17 October 2017, 4:26 pm | BusinessDesk
(Recasts lead and updates to add economists comments in paragraphs 4 and 5, comment from Insurance Council in paragraph 7 and updated NZD level in final graph) More >>
NZ frozen beef exports to Japan slump after tariff hike
Tuesday, 17 October 2017, 4:03 pm | BusinessDesk
Oct. 17 (BusinessDesk) - New Zealand exports of frozen beef to Japan have plummeted since the country lifted tariff rates, according to AgriHQ. More >>
Mondelez pulls pin on local manufacturer for Kiwi candy
Tuesday, 17 October 2017, 3:43 pm | BusinessDesk
Oct. 17 (BusinessDesk) - Mondelez International has given up on finding a local manufacturer for its New Zealand suite of candy and will ship production to Australia, having already decided to close the Dunedin Cadbury factory. More >>
ASX-listed HRL Holdings expands Kiwi footprint
Tuesday, 17 October 2017, 2:59 pm | BusinessDesk
Oct. 17 (BusinessDesk) - ASX-listed HRL Holdings will expand its reach on this side of the Tasman after agreeing to buy local food testing firm Analytica Laboratories for as much as $30 million. More >>
Ebos forecasts 10% lift in 2018 earnings
Tuesday, 17 October 2017, 2:35 pm | BusinessDesk
Oct. 17 (BusinessDesk) - Ebos Group, which posted a record profit in 2017 driven by acquisitions and sales growth, says earnings will rise about 10 percent in the current year after a strong first quarter for its healthcare and animal products ... More >>
BNZ in talks with staff over restructure
Tuesday, 17 October 2017, 2:08 pm | BusinessDesk
Oct. 17 (BusinessDesk) - Bank of New Zealand is reviewing staff levels at some branches and is in talks with workers as part of a drive to adopt new digital technology in an environment where more customers are doing their banking online. More >>
New Zealand building costs expected to moderate from highs
Tuesday, 17 October 2017, 2:06 pm | BusinessDesk
Oct. 17 (BusinessDesk) - New Zealand building costs are expected to moderate given the low inflation environment, an inability to pass on rising costs, and as migrants help fill building skill shortages. More >>
NZ third quarter inflation higher than expected
Tuesday, 17 October 2017, 2:05 pm | BusinessDesk
Oct. 17 (BusinessDesk) - New Zealand consumer prices were higher than expected in the third quarter as housing-related costs continued to increase. More >>
GeoOp quits planned ASX IPO, gets more shareholder funding
Tuesday, 17 October 2017, 12:13 pm | BusinessDesk
Oct. 17 (BusinessDesk) - GeoOp has quit plans for an initial public offering and Australian listing after reaching an impasse with the Australian Securities Exchange, and will instead stay on the NZAX and rely on cornerstone shareholder North Ridge ... More >>
NZ dollar steady before inflation data
Tuesday, 17 October 2017, 11:36 am | BusinessDesk
Oct. 17 (BusinessDesk) - The New Zealand dollar was little changed ahead of figures expected to show inflation picked up in the third quarter, holding in a narrow trading range pending the outcome of talks to form the new government. More >>
