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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 343]
NZ dollar gains against Aussie
Thursday, 5 October 2017, 8:07 pm | BusinessDesk
Oct. 5 (BusinessDesk) - The New Zealand dollar rose against the Australian dollar in otherwise quiet trading after retail sales across the Tasman posted their biggest drop in four-and-a-half years. More >>
UPDATE: ERoad shares jump to year-high
Thursday, 5 October 2017, 7:33 pm | BusinessDesk
Oct. 5 (BusinessDesk) - ERoad shares climbed to their highest level in more than a year after the company continued to gain traction in the US ahead of the December deadline for logistics firms to adopt and use electronic logging devices. More >>
Informal APEC offers nimble trade opportunities: Bollard
Thursday, 5 October 2017, 7:31 pm | BusinessDesk
Oct. 5 (BusinessDesk) - The informality of the Asia Pacific Economic Cooperation forum (APEC) gives nations greater freedom to navigate some of the thorny issues facing trading nations as the tide of globalisation goes out in some developed economies, ... More >>
Auckland Airport shareholder pushing climate change agenda
Thursday, 5 October 2017, 7:29 pm | BusinessDesk
Oct. 5 (BusinessDesk) - Auckland International Airport shareholder Peter Wakemen is seeking support for three proposals to safeguard the company from possible future fuel supply disruption, to cut carbon emissions and to lobby the government to use ... More >>
Westland Milk shareholders approve plans to shrink board
Thursday, 5 October 2017, 6:36 pm | BusinessDesk
Oct. 5 (BusinessDesk) - Westland Milk Products shareholders have voted in favour of a proposal to shrink the dairy cooperative's board and overhaul the selection process for new directors. More >>
Concrete cladding seller fined $152,000 for misrepresenting
Thursday, 5 October 2017, 6:35 pm | BusinessDesk
Oct. 5 (BusinessDesk) - One of four men associated with the Cavan Forde Group has been fined $152,000 for misrepresenting Chinese cladding panels as a premium Australian brand. More >>
Update: GeoOp in IPO talks with ASX
Thursday, 5 October 2017, 5:30 pm | BusinessDesk
Oct. 5 (BusinessDesk) - GeoOp continues to hold discussions with the Australian stock exchange, which has requested a higher minimum initial public offering raise, and said it expects the process to take another four to six weeks. More >>
Full steam ahead for media merger appeal
Thursday, 5 October 2017, 4:32 pm | BusinessDesk
Oct. 5 (BusinessDesk) - New Zealand's two largest news publishers have confirmed they are committed to pursuing their appeal against the Commerce Commission's rejection of the proposal to merge their operations. More >>
NZ govt operating surplus pips pre-election forecast
Thursday, 5 October 2017, 3:14 pm | BusinessDesk
Oct. 5 (BusinessDesk) - The New Zealand government's annual operating surplus was a little bigger than projected in the pre-election forecast as fatter corporate profits helped swell the Crown's tax take and as some spending was put off. More >>
GeoOp in IPO talks with ASX
Thursday, 5 October 2017, 2:09 pm | BusinessDesk
Oct. 5 (BusinessDesk) - GeoOp continues to hold discussions with the Australian stock exchange, which has requested a higher minimum initial public offering raise, and said it expects the process to take another four to six weeks. More >>
Summerset 3rd-qtr sales of occupation rights fall 21%
Thursday, 5 October 2017, 12:12 pm | BusinessDesk
Oct. 5 (BusinessDesk) - Summerset Group's sales of occupation rights fell about 21 percent in the third quarter, with a decline in both resales and new sales, although it said some settlements will be recognised in the fourth quarter. More >>
ERoad US sales jump 31% in second quarter
Thursday, 5 October 2017, 12:11 pm | BusinessDesk
Oct. 5 (BusinessDesk) - ERoad continued to gain traction in the US where it generated a 31 percent increase in second-quarter sales ahead of the US December deadline for logistics firms to adopt and use electronic logging devices. More >>
NZ dollar falls as US non-manufacturing index jumps
Thursday, 5 October 2017, 11:41 am | BusinessDesk
Oct. 5 (BusinessDesk) - The New Zealand dollar fell as an index of the US non-manufacturing sector jumped, underpinning confidence in the economy, while a measure of private payrolls fell as expected in the wake of hurricane disruptions. More >>
While you were sleeping: Wall St creeps to record highs
Thursday, 5 October 2017, 11:28 am | BusinessDesk
Oct. 5 (BusinessDesk) - Wall Street inched higher, touching fresh record highs, as better-than-expected data on US service industries underpinned optimism on the economic outlook. More >>
Too many still stuck in default options
Thursday, 5 October 2017, 9:23 am | BusinessDesk
Oct. 5 (BusinessDesk) - KiwiSaver assets have topped $40 billion as more New Zealanders save for their retirement but the Financial Markets Authority remains concerned about Kiwis' financial literacy and "disappointing" progress in encouraging users out of ... More >>
NZ Super Fund takes stake in Australian beef stud
Wednesday, 4 October 2017, 8:56 pm | BusinessDesk
NZ Super Fund takes stake in Australian beef stud in first offshore farm investment By Rebecca Howard More >>
MARKET CLOSE: NZ shares rise as A2 hits new record
Wednesday, 4 October 2017, 8:55 pm | BusinessDesk
MARKET CLOSE: NZ shares rise as A2 hits new record, Metro Glass recovers; Z Energy falls By Sophie Boot More >>
Dollar bounces as dairy auction deflates optimism
Wednesday, 4 October 2017, 8:51 pm | BusinessDesk
Oct. 4 (BusinessDesk) - The New Zealand dollar recovered from a month-low after a surprise drop in dairy prices took the sheen off the local economic outlook, while data showed the housing market continued to slow down last month. More >>
Meridian shareholder Peter Wakeman puts two resolutions
Wednesday, 4 October 2017, 8:48 pm | BusinessDesk
Oct. 4 (BusinessDesk) - Meridian Energy shareholder Peter Wakeman wants his fellow investors to back two proposals which would see the country's biggest electricity generator, which only own renewable hydro and wind generation assets, to investigate ... More >>
Fonterra's payout may be at risk after dairy auction
Wednesday, 4 October 2017, 8:47 pm | BusinessDesk
Fonterra's payout may be at risk after global dairy prices undershoot By Rebecca Howard More >>
