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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 345]
Jager says banks 'supported' growers during PSA crisis
Monday, 2 October 2017, 9:00 pm | BusinessDesk
Jager says banks 'supported' growers during PSA crisis, 'got good PR' from Zespri as a result More >>
MARKET CLOSE: NZ shares dip, Metro Glass at low
Monday, 2 October 2017, 8:33 pm | BusinessDesk
Oct. 2 (BusinessDesk) - New Zealand shares fell slightly with Metro Performance Glass hitting a record low while A2 Milk Co and Synlait Milk extended last week's gains. More >>
Dollar falls as prospect of new Fed chair
Monday, 2 October 2017, 8:32 pm | BusinessDesk
NZ dollar falls as prospect of new Fed chair stokes rate hike bets; Catalonia vote weighs on euro More >>
Sanford touches record high
Monday, 2 October 2017, 7:18 pm | BusinessDesk
Oct. 2 (BusinessDesk) - Fishing company Sanford shares hit a record high Monday as the company's value-add strategy may be gaining some traction, although trading was light. More >>
CORRECT: Labour expecting NZ First coalition pre-talks
Monday, 2 October 2017, 7:09 pm | BusinessDesk
Oct. 2 (BusinessDesk) - The Labour Party leader, Jacinda Ardern, has confirmed the party is in contact with the New Zealand First party to start preliminary discussions this week about government formation. More >>
Metro Glass shares hit new low as investors unsure
Monday, 2 October 2017, 6:57 pm | BusinessDesk
Oct. 2 (BusinessDesk) - Metro Performance Glass shares dropped to a new low as investors continue to weigh up the management team's ability to deliver earnings growth. More >>
UPDATE: Labour expecting NZ First pre-talks this week
Monday, 2 October 2017, 6:32 pm | BusinessDesk
Oct. 2 (BusinessDesk) - The Labour Party leader, Jacinda Ardern, has confirmed the party is in contact with the New Zealand First party to start preliminary discussions this week about government formation. More >>
A suspension, an axing for Fuji Xerox all-of-govt contracts
Monday, 2 October 2017, 4:53 pm | BusinessDesk
Oct. 2 (BusinessDesk) - Fuji Xerox New Zealand has had its all-of-government printing contract suspended and its office supplies deal canned. More >>
Pyne Gould eyes up return to court room
Monday, 2 October 2017, 3:55 pm | BusinessDesk
Oct. 2 (BusinessDesk) - Pyne Gould Corp says it's more likely to head back to the courtroom to pursue payments from the sale of Perpetual Trust. More >>
Fronde director and co-founder David Irving dies
Monday, 2 October 2017, 2:06 pm | BusinessDesk
Oct. 2 (BusinessDesk) - Fronde Systems Group director and co-founder David Irving died on Sept. 21, the company said in a release on the Unlisted share trading platform. More >>
ANZ Extends Veritas Debt Deadline
Monday, 2 October 2017, 2:02 pm | BusinessDesk
Oct. 2 (BusinessDesk) - Veritas Investments had its debt deadline partially extended by its bank to allow continuing discussion of possible deals. More >>
'Preliminary Talks' with National Party on Govt Formation
Monday, 2 October 2017, 1:58 pm | BusinessDesk
Oct. 2 (BusinessDesk) - The New Zealand First Party has broken its silence on the process for government formation, saying "preliminary talks" will proceed with the National Party "this week when arrangements suitable to both parties ... More >>
SBS Launches 10-Year Capital Bond
Monday, 2 October 2017, 1:26 pm | BusinessDesk
Oct. 2 (BusinessDesk) - SBS Bank, the country's biggest building society, has launched a 10-year capital bond for New Zealand investors. More >>
ASB CEO Barbara Chapman Resigns
Monday, 2 October 2017, 1:18 pm | BusinessDesk
Oct. 2 (BusinessDesk) - ASB Bank's chief executive Barbara Chapman will resign at Easter next year, the bank said. More >>
Macquarie called on for $23.8M
Monday, 2 October 2017, 1:04 pm | BusinessDesk
Oct. 2 (BusinessDesk) - Macquarie Securities (NZ) will pay $23.8 million for 6.3 million new Chorus shares as the underwriter for the telecommunications network operator's dividend reinvestment programme. More >>
NZ dollar little changed after mixed US data
Monday, 2 October 2017, 11:45 am | BusinessDesk
Oct. 2 (BusinessDesk) - The New Zealand dollar, which has shed about 1.5 percent since the Sept. 23 election, was little changed after mixed US data gave few clues to the pace of Federal Reserve monetary policy changes. More >>
World Week Ahead: US jobs, interest rates in focus
Monday, 2 October 2017, 11:10 am | BusinessDesk
Oct. 2 (BusinessDesk) - With Wall Street at record highs, investors will eye the latest US jobs data as well as comments from a host of Federal Reserve officials set to speak this week to gauge the pace of future interest rate hikes. More >>
MARKET CLOSE: Synlait, Restaurant Brands hit fresh highs
Friday, 29 September 2017, 8:42 pm | BusinessDesk
MARKET CLOSE: Synlait, Restaurant Brands hit fresh highs while A2 Milk drops on profit-taking More >>
Dollar heads for 1.8% weekly drop on political uncertainty
Friday, 29 September 2017, 8:24 pm | BusinessDesk
Sept. 29 (BusinessDesk) - The New Zealand dollar is heading for a 1.8 percent weekly decline amid domestic political uncertainty and a stronger US dollar as investors price in a greater chance of a US rate hike December. More >>
$5.3M fine in first for anti-money laundering regime
Friday, 29 September 2017, 7:35 pm | BusinessDesk
Sept. 29 (BusinessDesk) - A Chinese-born New Zealander has been fined $5.3 million, ordered to pay costs, and been prevented from continuing to provide financial services in the country's first award of financial penalties for breaches of the four-year-old ... More >>
