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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 341]
NZ vehicle sales continue to strengthen on economic optimism
Wednesday, 11 October 2017, 11:57 am | BusinessDesk
Oct. 11 (BusinessDesk) - Local vehicle sales are continuing to reach record highs, despite expectations for a slowdown during the election and post-election uncertainty, with cheap credit and economic confidence buoying the market. More >>
NZ dollar falls to 17-month low vs euro
Wednesday, 11 October 2017, 11:46 am | BusinessDesk
Oct. 11 (BusinessDesk) - The New Zealand dollar fell to a 17-month low against the euro after German trade data added to signs of stronger growth for the economic bloc's biggest member. More >>
While you were sleeping: Wal-Mart rally boosts Wall St
Wednesday, 11 October 2017, 11:13 am | BusinessDesk
Oct. 11 (BusinessDesk) - Wall Street rose to fresh record highs, bolstered by a rally in Wal-Mart shares after the company predicted 40 percent growth in its US online sales next year and announced a US$20 billion share buyback program. More >>
MARKET CLOSE: NZX50 at new high as A2 hits fresh record
Tuesday, 10 October 2017, 8:33 pm | BusinessDesk
MARKET CLOSE: NZX50 at new high as A2 hits fresh record; Z Energy, Fletcher Building fall More >>
NZ dollar holds below 71 US cts on election outcome
Tuesday, 10 October 2017, 8:09 pm | BusinessDesk
Oct. 10 (BusinessDesk) - The New Zealand dollar is holding below 71 US cents as traders eye the Thursday deadline NZ First leader Winston Peters has given himself to pick which party he'll support to govern the country. More >>
Council undeterred by uncertainty in pursuing port future
Tuesday, 10 October 2017, 6:32 pm | BusinessDesk
Oct. 10 (BusinessDesk) - Auckland Council's planning committee pressed ahead with plans to scope the next stage for the future of the city's port, shaking off objections the political hot potato might face interference from Wellington. More >>
NZ First board membership closely guarded
Tuesday, 10 October 2017, 6:28 pm | BusinessDesk
Oct. 10 (BusinessDesk) - New Zealand First party president Brent Catchpole has reluctantly agreed to make public the membership of the party's board of directors, who leader Winston Peters has said will be consulted before any government formation proposal ... More >>
Serko shares climb 3.1%
Tuesday, 10 October 2017, 4:00 pm | BusinessDesk
Oct. 10 (BusinessDesk) - Serko shares rose 3.1 percent after the online travel booking software firm said it expects first-half trading revenue to be at the top end of previous guidance, and reiterated it is expecting to post a maiden annual profit. More >>
Centreport to demolish Stats House, fate of land unclear
Tuesday, 10 October 2017, 3:35 pm | BusinessDesk
Oct. 10 (BusinessDesk) - Centreport will demolish Wellington's Statistics House following the damage the building sustained in the November 2016 Kaikōura earthquake, it has confirmed. More >>
NZ retail spending flat in September
Tuesday, 10 October 2017, 2:44 pm | BusinessDesk
Oct. 10 (BusinessDesk) - New Zealand retail spending on electronic cards was flat in September, which economists said was due to cooling house prices. More >>
Renaissance Brewing up for sale
Tuesday, 10 October 2017, 1:35 pm | BusinessDesk
Oct. 10 (BusinessDesk) - Renaissance Brewing, the first local company to raise capital through equity crowdfunding, is up for sale after cash flow woes and product management issues led to the appointment of voluntary administrators. More >>
NZ dollar falls vs euro, pound after German data
Tuesday, 10 October 2017, 11:43 am | BusinessDesk
Oct. 10 (BusinessDesk) - The New Zealand dollar fell against the euro and the pound as political concerns ebbed in Spain and the UK and figures showed stronger-than-expected German production. More >>
While you were sleeping: Wall St drifts from record highs
Tuesday, 10 October 2017, 11:29 am | BusinessDesk
Oct. 10 (BusinessDesk) - Wall Street drifted lower, after both the Dow and the Nasdaq touched record highs earlier in the day, as investors eyed a fresh round of US bank earnings due later this week as well as the Federal Reserve minutes from its most ... More >>
MARKET CLOSE: NZX50 cracks 8,000, led by market darlings A2
Monday, 9 October 2017, 8:46 pm | BusinessDesk
Oct. 9 (BusinessDesk) - New Zealand shares rose, with the benchmark index surpassing 8,000 for the first time, led higher by export-orientated, investor favourites A2 Milk Co and Xero. More >>
Dollar holds below 71 US cents as election outcome awaited
Monday, 9 October 2017, 8:05 pm | BusinessDesk
Oct. 9 (BusinessDesk) - The New Zealand dollar held below 71 US cents, having earlier sunk to a five-month low, after the count of special votes at the weekend left the election too close to call, while talk of a North Korean missile test weighed on ... More >>
Michael Hill lifts first-quarter sales by 7.8%
Monday, 9 October 2017, 7:45 pm | BusinessDesk
Michael Hill lifts first-quarter sales by 7.8% as Canada makes up for lagging US More >>
NZX 50 tops 8,000 for first time
Monday, 9 October 2017, 7:43 pm | BusinessDesk
Oct. 9 (BusinessDesk) - New Zealand's benchmark S&P/NZX 50 Index has topped 8,000 for the first time as tepid inflation, low interest rates and a stable economic outlook make returns from stocks a standout compared to other asset classes. More >>
$100M+ upside for Fletcher earnings
Monday, 9 October 2017, 4:30 pm | BusinessDesk
Oct. 9 (BusinessDesk) - Fletcher Building has as much as $100 million untapped upside in its operating earnings if it can return to the performance it produced in its core businesses before the 2008 financial crisis over the next three to four years, ... More >>
UPDATE: OGOG wins NZOG's blessing
Monday, 9 October 2017, 3:13 pm | BusinessDesk
Oct. 9 (BusinessDesk) - OG Oil & Gas has sweetened its partial takeover bid for New Zealand Oil & Gas, winning over the Kiwi energy explorer's independent directors. More >>
Goadby teams up with Fairfax for 'at-cost' energy 'club'
Monday, 9 October 2017, 2:22 pm | BusinessDesk
Oct. 9 (BusinessDesk) - Former Genesis Energy retail head David Goadby has teamed up with Fairfax Media to start an energy 'club' he says will charge membership fees in exchange for selling electricity at cost price to members who are in Vector's ... More >>
