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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 344]
NZ commodity prices rise 0.8% in September
Wednesday, 4 October 2017, 4:14 pm | BusinessDesk
Oct. 4 (BusinessDesk) - New Zealand commodity prices rose in September for the first time since June with all of the six major groups lifting on the month. More >>
Xero adds 41,000 UK customers in first half of 2018
Wednesday, 4 October 2017, 2:44 pm | BusinessDesk
Oct. 4 (BusinessDesk) - Xero's drive to sign new customers in the UK picked up the pace in the first half of the current financial year, adding more than 40,000 new clients and putting it alongside the software developer's home market of New Zealand. More >>
Auckland House Sales Slump 37% in September
Wednesday, 4 October 2017, 1:48 pm | BusinessDesk
Oct. 4 (BusinessDesk) - The volume of Auckland house sales slumped by more than a third in September from a year earlier as an already flat market was weighed down further by the general election. More >>
NZX stock trades rise in September
Wednesday, 4 October 2017, 12:19 pm | BusinessDesk
Oct. 4 (BusinessDesk) - Total stock trades on the NZX climbed while the value of trading fell in September, which marked the fourth straight month without any new equity capital raisings on the local bourse. More >>
Property For Industry to buy $69.5m portfolio
Wednesday, 4 October 2017, 12:18 pm | BusinessDesk
Oct. 4 (BusinessDesk) - Property For Industry has bought nine properties for $69.5 million to extend the average lease term of its existing portfolio and acquire development opportunities in the future, and will pay for the deal through a discounted rights ... More >>
NZ dollar trades near month-low as dairy prices fall
Wednesday, 4 October 2017, 11:41 am | BusinessDesk
Oct. 4 (BusinessDesk) - The New Zealand dollar fell, trading near a month-low, as an unexpected drop in dairy prices and further evidence of a cooling property market weighed on sentiment. More >>
While you were sleeping: GM, Ford rally on sales
Wednesday, 4 October 2017, 11:11 am | BusinessDesk
Oct. 4 (BusinessDesk) - Wall Street climbed to record highs, as the latest US new car sales data exceeded analysts’ expectations and bolstered shares of General Motors and Ford Motor. More >>
Dairy product prices unexpectedly drop
Wednesday, 4 October 2017, 10:10 am | BusinessDesk
Oct. 4 (BusinessDesk) - Dairy product prices unexpectedly declined at the Global Dairy Trade auction, falling for the fifth time in eight auctions, amid confidence in ample supply. More >>
NZ property value growth slows in September
Wednesday, 4 October 2017, 9:52 am | BusinessDesk
Oct. 4 (BusinessDesk) - Annual growth in New Zealand property values continued to slow in September, staying below 5 percent, with the normal spring surge in listings not eventuating which kept the market from dropping further. More >>
Serious Fraud Office takes another look at Fuji Xerox
Tuesday, 3 October 2017, 8:49 pm | BusinessDesk
Oct. 3 (BusinessDesk) - The Serious Fraud Office is taking another look at Fuji Xerox New Zealand, a day after the printing and office supplies group had one all-of-government contract terminated and another suspended. More >>
MARKET CLOSE: NZ shares up, Metro Glass bounces
Tuesday, 3 October 2017, 8:39 pm | BusinessDesk
Oct. 3 (BusinessDesk) - New Zealand shares rose slightly as post-election limbo continued, with Metro Glass rebounding from recent selling while A2 Milk Co and Synlait gave up some gains. More >>
NZ dollar falls with Aussie dollar after RBA decision
Tuesday, 3 October 2017, 8:38 pm | BusinessDesk
Oct. 3 (BusinessDesk) - The New Zealand dollar fell against the greenback in tandem with the Australian dollar after the Reserve Bank of Australia kept rates steady and offered no hints any rate increases were on the horizon. More >>
InvestNow buys RaboDirect's Managed Funds
Tuesday, 3 October 2017, 6:39 pm | BusinessDesk
Oct. 3 (BusinessDesk) - Wellington-based managed funds platform InvestNow has bought the Managed Funds product line of Rabobank New Zealand's RaboDirect, beefing up its client base and giving those new customers access to a broader range of funds. More >>
Users, retailers push back against Powerco's price hike plan
Tuesday, 3 October 2017, 4:54 pm | BusinessDesk
Oct. 3 (BusinessDesk) - Big electricity users and generator-retailers are wary that customers will bear an unfair burden from lines company Powerco's plan to fund a $1.4 billion network upgrade through a hike in regulated prices. More >>
NZ Business Confidence Knocked by Pre-Election Jitters in Third Quarter
Tuesday, 3 October 2017, 1:15 pm | BusinessDesk
Oct. 3 (BusinessDesk) - New Zealand firms' optimism about the economy fell in the September quarter on pre-election jitters, but companies still expect better times ahead. More >>
ANZ New Zealand chief economist Cameron Bagrie resigns
Tuesday, 3 October 2017, 1:06 pm | BusinessDesk
Oct. 3 (BusinessDesk) - ANZ Bank New Zealand's chief economist Cameron Bagrie has resigned after more than a decade in the role. More >>
NZ new vehicle sales rise 4.5% in September
Tuesday, 3 October 2017, 12:28 pm | BusinessDesk
Oct. 3 (BusinessDesk) - New Zealand new vehicle sales rose 4.5 percent in September to hit a new high for the month, eschewing expectations for a slowdown during the election. More >>
NZ dollar gains vs pound on Brexit squabbles
Tuesday, 3 October 2017, 11:47 am | BusinessDesk
Oct. 3 (BusinessDesk) - The New Zealand dollar rose against the pound as the British Conservative Party conference gets underway with deep divisions over Brexit and after weaker-than-expected manufacturing data. More >>
While you were sleeping: US manufacturing lifts mood
Tuesday, 3 October 2017, 10:10 am | BusinessDesk
Oct. 3 (BusinessDesk) - US stocks and the dollar gained, with the Dow and S&P 500 climbing to records, as reports of better-than-expected manufacturing activity bolstered optimism about the outlook for the economy and corporate profits. More >>
NZ bank profits dip as operating expenses rise
Tuesday, 3 October 2017, 9:52 am | BusinessDesk
Oct. 3 (BusinessDesk) - New Zealand bank profits dropped in the second quarter as operating expenses rose, outpacing gains from non-interest income. More >>
