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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 34]
MARKET CLOSE: NZ shares fall as investors remain wary of Sky
Friday, 26 July 2019, 8:54 pm | BusinessDesk
July 26 (BusinessDesk) - New Zealand shares fell, led lower by Sky Network Television, as investors remain wary of the pay-TV operator's plans to get into online streaming. A2 Milk's sheen also came off in a regional sell-off. More >>
Metroglass shareholders query Australian division
Friday, 26 July 2019, 8:36 pm | BusinessDesk
July 26 (BusinessDesk) - Metro Performance Glass chair Peter Griffiths was forced to again defend the company’s position in Australia after giving lacklustre earnings guidance for the 2020 financial year. More >>
NZ dollar headed for 1.6% weekly slide
Friday, 26 July 2019, 8:19 pm | BusinessDesk
July 26 (BusinessDesk) - The New Zealand dollar looks set to end the week more than a US cent lower amid speculation as to which central bank will cut first and by how much. More >>
Robertson eyes greater flexibility in financial management
Friday, 26 July 2019, 8:00 pm | BusinessDesk
July 26 (BusinessDesk) - Finance Minister Grant Robertson says too much government time is spent juggling small funding pools rather than focusing on strategic issues and getting value for money and he plans to introduce greater flexibility to its ... More >>
Singapore-based economists say banks are exaggerating
Friday, 26 July 2019, 7:05 pm | BusinessDesk
July 26 (BusinessDesk) - The Australian-owned banks in New Zealand are exaggerating the likely impact of the Reserve Bank’s bank capital proposals, according to Singapore-based economists Ben Udy and Marcel Thieliant. More >>
Blis Technologies confident it can deliver another profit
Friday, 26 July 2019, 7:03 pm | BusinessDesk
July 26 (BusinessDesk) - Blis Technologies remains confident it will deliver another profit in the current financial year as revenue remained strong in the first quarter. More >>
Trustpower reviewing checks on conduct and culture
Friday, 26 July 2019, 5:28 pm | BusinessDesk
July 26 (BusinessDesk) - Trustpower is reviewing its processes to ensure it has the appropriate checks and balances to make sure the company's conduct and culture is as strong as the board thinks it is. More >>
Nova joins Contact as long-term First Gas customer
Friday, 26 July 2019, 2:33 pm | BusinessDesk
July 26 (BusinessDesk) - Todd Energy-owned Nova Energy has signed a supply deal to access gas at the First Gas Ahuroa storage facility, something fellow customer Contact Energy will welcome given its fee falls as other contracts are signed. More >>
Overseas buyers still missing in action in June
Friday, 26 July 2019, 2:32 pm | BusinessDesk
July 26 (BusinessDesk) - The number of home transfers to overseas buyers continued to fall in the June quarter, although inner Auckland homes garnered some interest. More >>
Metroglass gives subdued guidance for 2020
Friday, 26 July 2019, 1:28 pm | BusinessDesk
July 26 (BusinessDesk) - Metro Performance Glass has provided subdued earnings guidance for the 2020 financial year, and said it will cut debt at a faster pace. More >>
Warehouse transformation shows 'encouraging signs'
Friday, 26 July 2019, 1:27 pm | BusinessDesk
July 26 (BusinessDesk) - Warehouse Group's efforts to revive flagging growth are showing "encouraging signs" after the retailer upgraded its earnings forecast, says research house Forsyth Barr. More >>
Xero is 'a giant in the making' in the US - Fisher Funds
Friday, 26 July 2019, 12:10 pm | BusinessDesk
July 26 (BusinessDesk) - Xero’s North American operations are “a giant in the making” and the market “is not properly appreciating the opportunity” the accounting software company has in the US and Canada, says Fisher Funds portfolio manager Sam ... More >>
Pursue individuals 'harshly' in cartel cases, ComCom told
Friday, 26 July 2019, 11:38 am | BusinessDesk
July 26 (BusinessDesk) - The Commerce Commission should pursue cartel prosecutions against individuals “harshly” if it wants to achieve the greatest deterrence using new powers coming into effect in 2021, a visiting regulator says. More >>
NZ dollar tumbles as markets focus on likely RBNZ rate cut
Friday, 26 July 2019, 11:07 am | BusinessDesk
July 26 (BusinessDesk) - The New Zealand dollar is sharply weaker as markets focus on a likely rate cut in early August, in particular after the head of the Australian central bank said he's ready to cut rates if necessary. More >>
MARKET CLOSE: NZ shares resume march higher
Thursday, 25 July 2019, 8:45 pm | BusinessDesk
July 25 (BusinessDesk) - New Zealand shares bounced back from yesterday's dip, as A2 Milk Co closed at a record with investors still upbeat about the milk marketing firm's outlook. Gentrack dropped to a six-week low after cutting its earnings guidance. More >>
NZ dollar little changed
Thursday, 25 July 2019, 8:13 pm | BusinessDesk
July 25 (BusinessDesk) - The New Zealand dollar was little changed after receiving a boost in the middle of the day after Reserve Bank of Australia governor Philip Lowe said he’s prepared to ease monetary policy further if needed. More >>
UPDATE: Gentrack shares drop 12% on profit warning
Thursday, 25 July 2019, 7:17 pm | BusinessDesk
July 25 (BusinessDesk) - Gentrack shares dropped 12 percent after the company said it expects annual earnings will fall by as much as 13 percent due to delays in customer projects and bad debt risks in the UK. More >>
Oceania Healthcare prepares for more discerning baby boomers
Thursday, 25 July 2019, 5:19 pm | BusinessDesk
July 25 (BusinessDesk) - With the first of the baby-boomer generation approaching the age where retirement villages become an option there’s an open question of whether they’ll be as amenable to retirement village living as their elders have ... More >>
Forest & Bird says greenhouse gas targets require change
Thursday, 25 July 2019, 5:03 pm | BusinessDesk
July 25 (BusinessDesk) - The Royal Forest & Bird Protection Society told the parliamentary envi-ronment select committee significant changes to land use are essential to reach proposed emission reduction targets. More >>
Ryman won't rush into strong opportunity in east
Thursday, 25 July 2019, 4:25 pm | BusinessDesk
July 25 (BusinessDesk) - Ryman Healthcare chief executive Gordon MacLeod sees very strong aged-care opportunities on Australia's eastern seaboard, but won't be rushed into expanding be-yond Victoria. More >>
