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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 347]
Z signals bigger dividends with new policy
Thursday, 28 September 2017, 12:52 pm | BusinessDesk
Sept. 28 (BusinessDesk) - Z Energy anticipates paying bigger dividends to shareholders under a new policy, which will see it slow down an accelerated pace of debt repayments at the end of the financial year and fund new capital purchases by selling other ... More >>
Gentrack lifts forecast for annual earnings 20%
Thursday, 28 September 2017, 12:51 pm | BusinessDesk
Sept. 28 (BusinessDesk) - Gentrack Group, the utilities software developer, raised its expectation for annual earnings by 20 percent. More >>
Westland Milk turns to annual profit amid cost-cutting drive
Thursday, 28 September 2017, 12:38 pm | BusinessDesk
Sept. 28 (BusinessDesk) - Westland Milk Products, New Zealand's second-largest dairy cooperative, turned to an annual profit as it reduced costs, processed less milk and lifted payments to its farmer suppliers. More >>
NZ dollar gains before OCR review
Thursday, 28 September 2017, 11:45 am | BusinessDesk
Sept. 28 (BusinessDesk) - The New Zealand dollar rose ahead of the Reserve Bank's interest rate review while many other currencies fell against the greenback on the prospects for US rate hikes and President Donald Trump's plan to slash taxes. More >>
While you were sleeping: Trump's tax plan lifts stocks
Thursday, 28 September 2017, 11:04 am | BusinessDesk
Sept. 28 (BusinessDesk) - Wall Street and the US dollar climbed, while Treasuries dropped, after the Trump administration unveiled its tax reform plan. More >>
MARKET CLOSE: NZ shares up, Tourism Holdings, Synlait Rise
Wednesday, 27 September 2017, 8:47 pm | BusinessDesk
Sept. 27 (BusinessDesk) - New Zealand shares rose despite a lack of corporate news, with Tourism Holdings, Synlait Milk and Kathmandu Holdings gaining. More >>
NZ dollar under pressure as greenback pushes higher
Wednesday, 27 September 2017, 8:22 pm | BusinessDesk
Sept. 27 (BusinessDesk) - The New Zealand dollar remained under pressure as investors lifted the probability of a US rate hike in December after what were viewed as hawkish comments by the US Federal Reserve chair Janet Yellen, boosting demand for the greenback. More >>
Peters won't decide on government until Oct. 7
Wednesday, 27 September 2017, 7:53 pm | BusinessDesk
Sept. 27 (BusinessDesk) - New Zealand First party leader Winston Peters said he will wait until the official vote count is completed to decide who to form a coalition government with, in a fiery media conference. More >>
Bathurst-Talleys JV expects to reap $65M-$82M
Wednesday, 27 September 2017, 7:12 pm | BusinessDesk
Bathurst-Talleys JV expects to reap $65M-$82M from former Solid Energy mines in 2018 More >>
Saturn Portfolio Management loses battle with i-Select
Wednesday, 27 September 2017, 4:13 pm | BusinessDesk
Sept. 27 (BusinessDesk) - Investment advisory firm Saturn Portfolio Management has lost a court battle with pension provider i-Select after a judge rejected its allegations of a conspiracy between i-Select and its competitors. More >>
Lyttelton Port pays bigger dividend to council owners
Wednesday, 27 September 2017, 3:50 pm | BusinessDesk
Sept. 27 (BusinessDesk) - Lyttelton Port Co almost doubled its annual return to Christchurch City Holdings as growing freight demands across Canterbury helped boost cargo volumes through the South Island's major maritime hub. More >>
NZX eyes flatter market structure
Wednesday, 27 September 2017, 3:03 pm | BusinessDesk
Sept. 27 (BusinessDesk) - NZX wants a more streamlined marketplace that's easier and cheaper to use for listed issuers and able to accommodate a broader range of products in its favoured proposals to change the bourse's listing rules. More >>
MARKET CLOSE: NZ shares up as confidence returns
Wednesday, 27 September 2017, 1:43 pm | BusinessDesk
Sept. 26 (BusinessDesk) - New Zealand shares gained, with Kathmandu up on its full-year earnings and A2 Milk at a record high, as volumes recovered from yesterday's post-election lull. More >>
Ardern recommits to budget responsibility rules
Wednesday, 27 September 2017, 1:29 pm | BusinessDesk
Sept. 26 (BusinessDesk) - Labour leader Jacinda Ardern recommitted her party to the budget responsibility rules that it signed up to pre-election with the Green Party, vowing that they would apply to any deal to form a government with the New Zealand ... More >>
NZ employment confidence up
Wednesday, 27 September 2017, 1:25 pm | BusinessDesk
Sept. 27 (BusinessDesk) - New Zealanders became slightly more confident about job opportunities in the third quarter, though fewer people predicted a pay rise in the coming year. More >>
Kathmandu lifts annual profit 14% on increased sales
Wednesday, 27 September 2017, 1:24 pm | BusinessDesk
Sept. 26 (BusinessDesk) - Kathmandu Holdings lifted annual profit 14 percent in 2017 as sales grew in New Zealand and Australia, while it cut its debt levels to record lows. More >>
NZ dollar falls on election uncertainty
Wednesday, 27 September 2017, 1:20 pm | BusinessDesk
Sept. 26 (BusinessDesk) - The New Zealand dollar fell against the US dollar on ongoing uncertainty about the election outcome and on the back of weak business confidence and trade data. More >>
Zhejiang Rifa makes full takeover offer for Airwork Holdings
Wednesday, 27 September 2017, 1:11 pm | BusinessDesk
Sept. 27 (BusinessDesk) - Rifa Jair Company, a unit of Zhejiang Rifa Holding Group Co, intends to make a full takeover offer for all fully paid ordinary shares of Airwork Holdings that it does not already own at a 21 percent premium to yesterday's closing ... More >>
While you were sleeping: Tech stocks slide
Wednesday, 27 September 2017, 1:10 pm | BusinessDesk
Sept. 26 (BusinessDesk) - Slides in technology stocks including those of Apple and Facebook led Wall Street lower as concern about intensifying tension between North Korea and the US weighed on sentiment. More >>
GlobalDairyTrade beefs up offering with pools of US products
Wednesday, 27 September 2017, 1:08 pm | BusinessDesk
Sept. 26 (BusinessDesk) - Fonterra Cooperative Group's GlobalDairyTrade platform, which has moved more than US$20 billion in dairy products since it launched in 2008, is looking to broaden its offering to meet customer needs. More >>
