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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 346]
Goodfellows' Amalgamated Dairies trims Sanford stake again
Friday, 29 September 2017, 7:04 pm | BusinessDesk
Sept. 29 (BusinessDesk) - Amalgamated Dairies, an investment vehicle for the Goodfellow family, has raised about $21 million reducing its holding in fishing company Sanford to 24 percent from 27 percent. More >>
Kathmandu, Hallenstein may be able to withstand Amazon
Friday, 29 September 2017, 7:00 pm | BusinessDesk
Sept. 29 (BusinessDesk) - Kathmandu Holding and Hallenstein Glasson Holdings appear to be weathering a global move to online shopping and may be able to withstand the pressure as Amazon pushes into Australia as early as next month, analysts say. More >>
Central Plains Water sees more years of losses
Friday, 29 September 2017, 5:46 pm | BusinessDesk
Sept. 29 (BusinessDesk) - Central Plains Water, a company set up to irrigate farmland in Canterbury, said it will continue to record losses in its annual accounts because of the steep depreciation charges during the early years of operation. More >>
RBNZ was a tidy earner under Wheeler
Friday, 29 September 2017, 4:34 pm | BusinessDesk
RBNZ was a tidy earner under Wheeler, with almost $1B of dividends to the Crown More >>
NZ residential consents hit 13-year high
Friday, 29 September 2017, 2:25 pm | BusinessDesk
Sept. 29 (BusinessDesk) - New Zealand's monthly residential building consents rose to a 13-year high in August with more apartments and retirement village units in Auckland driving gains. More >>
NZOG duelling bidders seek directorships
Friday, 29 September 2017, 1:38 pm | BusinessDesk
Sept. 29 (BusinessDesk) - the board of New Zealand Oil & Gas has refrained from making a recommendation to shareholders at the upcoming annual meeting where rival suitors are seeking directorships. More >>
German court suspends Resmed's patent proceedings
Friday, 29 September 2017, 12:52 pm | BusinessDesk
Sept. 29 (BusinessDesk) - Fisher & Paykel Healthcare says the Regional Court in Munich has suspended two patent proceedings brought by rival ResMed in a tit-for-tat dispute over intellectual property for face and nasal masks. More >>
Fuji Xerox promotes Thomas to MD for 'new era'
Friday, 29 September 2017, 12:34 pm | BusinessDesk
Sept. 29 (BusinessDesk) - Fuji Xerox has promoted Peter Thomas to New Zealand managing director after hiring the former Westpac executive last year to lead an overhaul of the business tarnished by accounting irregularities. More >>
NZ dollar gains: doubts about Trump's tax reforms
Friday, 29 September 2017, 11:41 am | BusinessDesk
Sept. 29 (BusinessDesk) - The New Zealand dollar rose as doubts US President Donald Trump's economy-boosting tax reforms will easily pass into law weighed on the greenback. More >>
While you were sleeping: McDonald's leads gains in Dow
Friday, 29 September 2017, 11:10 am | BusinessDesk
Sept. 29 (BusinessDesk) - US equities moved higher, bolstered by gains in shares of McDonald’s amid an analyst upgrade for the stock. More >>
MARKET CLOSE: NZ shares flat as A2, Synlait hit records
Thursday, 28 September 2017, 8:46 pm | BusinessDesk
MARKET CLOSE: NZ shares flat as A2, Synlait hit records on Chinese approval; Z Energy falls More >>
NZ dollar falls after RBNZ stands pat
Thursday, 28 September 2017, 8:20 pm | BusinessDesk
Sept. 28 (BusinessDesk) - The New Zealand dollar fell against the greenback after the Reserve Bank kept rates on hold as widely expected and reiterated hikes were not on the immediate horizon, and as investors were cheered by proposed US tax plans. More >>
Promisia to launch pill for dogs with sore joints
Thursday, 28 September 2017, 8:19 pm | BusinessDesk
Promisia names Rene de Wit as CEO, poised to launch pill for dogs with sore joints More >>
Moa sees 1H growth rate tad ahead of prior year
Thursday, 28 September 2017, 3:44 pm | BusinessDesk
Sept. 28 (BusinessDesk) - Moa Group, the craft beer brewer, told shareholders at its annual general meeting that its growth rate is currently running slightly ahead on the year and it has growing optimism around China although its bottom line will ... More >>
Trilogy shares down 13% after company forecasts drop
Thursday, 28 September 2017, 3:23 pm | BusinessDesk
Sept. 28 (BusinessDesk) - Trilogy International, the scented candle and beauty products maker, says it's now selling a bottle of its flagship rosehip oil every 20 seconds and is optimistic about annual growth, despite a declining market for skincare in ... More >>
Tatua Cooperative lifts full-year operating revenue by 16%
Thursday, 28 September 2017, 3:22 pm | BusinessDesk
Sept. 28 (BusinessDesk) - Tatua Cooperative Dairy Co, the Tatuanui-based dairy company, reported a 16 percent lift in full-year operating revenue as global milk prices improve. More >>
Synlait Milk, a2 shares at record high
Thursday, 28 September 2017, 3:20 pm | BusinessDesk
Sept. 28 (BusinessDesk) - Shares of milk processor Synlait Milk and its infant formula partner a2 Milk rose to record highs today on confirmation that their brands and recipes have gained registration in China, removing an obstacle in a market with ... More >>
NZ Super Fund posts 20.7% annual return as shares rally
Thursday, 28 September 2017, 2:47 pm | BusinessDesk
Sept. 28 (BusinessDesk) - The New Zealand Superannuation Fund delivered a sharply higher annual return after a sustained rally in global equity markets but chief executive Adrian Orr is more cautious about the future. More >>
RBNZ Keeps Rates at 1.75%
Thursday, 28 September 2017, 1:45 pm | BusinessDesk
Sept. 28 (BusinessDesk) - Acting Reserve Bank governor Grant Spencer kept the official cash rate unchanged at 1.75 percent as widely expected and signaled no change on the immediate horizon but may have dropped a hint that the bank has lowered its growth ... More >>
Hallenstein Glasson lifts profit 26%
Thursday, 28 September 2017, 12:57 pm | BusinessDesk
Sept. 28 (BusinessDesk) - Hallenstein Glasson Holdings, the clothing retailer, lifted net profit 26 percent in the 2017 year as online sales continued to grow. More >>
