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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 339]
NZ inflation still seen below RBNZ's mid-point target
Friday, 13 October 2017, 6:36 pm | BusinessDesk
Oct. 13 (BusinessDesk) - Annual inflation may get a slight lift from stronger food and housing-related prices in the third quarter but economists say it will remain below the mid-point of the central bank's target band and the tepid picture will ... More >>
MPI ordered to release details of insurance arrangements
Friday, 13 October 2017, 5:28 pm | BusinessDesk
Oct. 13 (BusinessDesk) - The Ministry for Primary Industries has been ordered to release details of insurance arrangements it holds for a legal claim against it by a group of kiwifruit growers over the Psa outbreak which devastated the industry ... More >>
Wellington's CentrePort in talks with global experts
Friday, 13 October 2017, 3:26 pm | BusinessDesk
Oct. 13 (BusinessDesk) - Wellington's CentrePort is scouring the globe seeking out international experts to help it plan its new future after suffering the biggest adverse event in its history when last November's Kaikoura earthquake damaged many ... More >>
Fisher & Paykel Healthcare may appeal ruling on Resmed
Friday, 13 October 2017, 3:25 pm | BusinessDesk
Oct. 13 (BusinessDesk) - Fisher & Paykel Healthcare is considering whether to appeal a ruling by the Regional Court in Munich that rival ResMed did not infringe its patents in the continuing intellectual property dispute for its face and nasal masks. More >>
Dairy will always trump synthetic alternatives
Friday, 13 October 2017, 3:20 pm | BusinessDesk
Oct. 13 (BusinessDesk) - Fonterra Cooperative Group is confident the complexity of cow milk will always trump plant-based alternatives, which the Prime Minister's chief science adviser Peter Gluckman sees as posing an "existential threat" to ... More >>
NZ manufacturing activity shrugs off election uncertainty
Friday, 13 October 2017, 2:07 pm | BusinessDesk
Oct. 13 (BusinessDesk) - New Zealand manufacturing activity continued to expand in September, largely shrugging off uncertainty surrounding the general election on Sept. 23 with a small slowdown. More >>
NPT sells its interest in Auckland high-rise to SkyCity
Friday, 13 October 2017, 1:03 pm | BusinessDesk
Oct. 13 (BusinessDesk) - NPT, the listed property investor, has sold its interest in the AA Centre in central Auckland to SkyCity Entertainment Group for $47 million, as it looks to reposition the business after a board overhaul. More >>
Trustpower raises earnings guidance again
Friday, 13 October 2017, 1:02 pm | BusinessDesk
Oct. 13 (BusinessDesk) - Trustpower raised annual earnings guidance for a third time this financial year with strong wholesale electricity prices on both sides of the Tasman and increased generation in New Zealand, boosting the outlook for controlling ... More >>
Warehouse founder Stephen Tindall takes a year off
Friday, 13 October 2017, 11:59 am | BusinessDesk
Oct. 13 (BusinessDesk) - Warehouse Group founder Stephen Tindall will take a year off from the board to focus on his other commitments, especially the preparations for Auckland to host the America's Cup. More >>
NZ dollar climbs to week-high
Friday, 13 October 2017, 11:37 am | BusinessDesk
Oct. 13 (BusinessDesk) - The New Zealand dollar rose to a week-high as upcoming US inflation data will give a clearer steer on whether the Federal Reserve will hike interest rates as aggressively as expected, and as NZ First prepares to weigh up ... More >>
While you were sleeping: JPMorgan Chase, Citigroup fall
Friday, 13 October 2017, 11:24 am | BusinessDesk
Oct. 13 (BusinessDesk) - Wall Street slipped, after touching record highs earlier in the day, as shares of JPMorgan Chase and those of Citigroup fell after the US banks posted quarterly earnings. More >>
MARKET CLOSE: NZ shares rise as Synlait hits new record
Thursday, 12 October 2017, 8:33 pm | BusinessDesk
MARKET CLOSE: NZ shares rise as Synlait hits new record; F&P Health gives up By Sophie Boot More >>
NZ dollar holds gains as Fed minutes raise questions
Thursday, 12 October 2017, 8:17 pm | BusinessDesk
Oct. 12 (BusinessDesk) - The New Zealand held on to earlier gains through the local trading session as minutes to the last US Federal Reserve policy review raised questions about the pace of future interest rate hikes, and as the formation of the next New ... More >>
Scott Technology lifts annual profit 26%
Thursday, 12 October 2017, 7:37 pm | BusinessDesk
Oct. 12 (BusinessDesk) - Scott Technology boosted annual profit 26 percent as the growing demand for productivity gains through automation and robotics stoked demand for the manufacturer's industrial systems. More >>
MPI plans to cull 4,000 cows to stop spread of mycoplasma
Thursday, 12 October 2017, 7:36 pm | BusinessDesk
Oct. 12 (BusinessDesk) - The Ministry for Primary Industries will cull 4,000 cattle from five farms as it attempts to control the spread of disease mycoplasma bovis. More >>
Rakon sells shares in Thinxtra, lifts FY18 guidance
Thursday, 12 October 2017, 7:35 pm | BusinessDesk
Oct. 12 (BusinessDesk) - Rakon has sold about a fifth of its shares in start-up investment Thinxtra for A$3 million, which it will use to pay off debt, and lifted its earnings expectations for 2018. More >>
CentrePort turns to annual loss following Kaikoura quake
Thursday, 12 October 2017, 5:07 pm | BusinessDesk
Oct. 12 (BusinessDesk) - CentrePort, the Wellington port operator, turned to an annual loss after damage from November's Kaikoura earthquake last year weighed on its business. More >>
Serko shares soar to 2 1/2 year high on earnings upgrade
Thursday, 12 October 2017, 4:49 pm | BusinessDesk
Serko shares soar to 2 1/2 year high as earnings upgrade whets appetite for growth stocks More >>
NZ consumer confidence dips in October, but 'no fear'
Thursday, 12 October 2017, 4:41 pm | BusinessDesk
New Zealand consumer confidence dropped in October from a three-year high although it remains at its third highest level for that period. More >>
Fonterra's farmers to vote on four directors
Thursday, 12 October 2017, 2:25 pm | BusinessDesk
Fonterra's farmers to vote on four directors after process to address 'skills matrix By Jonathan Underhill More >>
