Scoop has an Ethical Paywall
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 348]
Westpac sues Lane Walker Rudkin fraudster's ex for $50.8M
Wednesday, 27 September 2017, 1:06 pm | BusinessDesk
Sept. 26 (BusinessDesk) - Westpac New Zealand is suing the ex-wife of convicted Lane Walker Rudkin fraudster Ken Anderson for being a party to the fraud and is seeking damages of $50.8 million. More >>
NZ firms balanced between pessimism and optimism
Wednesday, 27 September 2017, 12:32 pm | BusinessDesk
Sept. 26 (BusinessDesk) - Political uncertainty sparked caution in September with business confidence falling to a net zero reading where there are as many pessimists as optimists and its lowest level in two years. More >>
Dumped Fuji Xerox MD Gavin Pollard fights to get job back
Wednesday, 27 September 2017, 12:23 pm | BusinessDesk
Sept. 26 (BusinessDesk) - Sacked Fuji Xerox New Zealand managing director Gavin Pollard claims he's been made a scapegoat by the Japanese parent over the unit's dodgy accounting and overpayment of sales commissions and is fighting to get his ... More >>
Topshop, Topman to close by Sunday
Wednesday, 27 September 2017, 12:21 pm | BusinessDesk
Sept. 26 (BusinessDesk) - Topshop and Topman in Auckland and Wellington will close by Sunday after receivers couldn't find a buyer for the retailer. More >>
Future Mobility Solutions buys US boat-maker Willard Marine
Wednesday, 27 September 2017, 12:20 pm | BusinessDesk
Sept. 27 (BusinessDesk) - Future Mobility Solutions, the company formerly known as Sealegs International, has agreed to buy US boat-maker Willard Marine for US$6.85 million. More >>
Windfarms chair urges new govt to look at market structure
Wednesday, 27 September 2017, 12:17 pm | BusinessDesk
Sept. 26 (BusinessDesk) - NZ Windfarms chair Rodger Kerr-Newell wants the next government to have another look at the structure of the electricity market, which he says is stacked against the expansion of wind generation. More >>
NZ farmer confidence falls on concern about govt policy
Wednesday, 27 September 2017, 12:15 pm | BusinessDesk
Sept. 26 (BusinessDesk) - New Zealand farmer confidence fell in the third quarter, amid rising concerns about government policies and falling commodity prices. More >>
NZ Refining says pipeline leak won't hit revenue as hard
Wednesday, 27 September 2017, 12:07 pm | BusinessDesk
Sept. 26 (BusinessDesk) - New Zealand Refining, which operates the country's only oil refinery in Marsden Point, said the impact of damage to the pipeline between the refinery and the Auckland depot will be less than anticipated. More >>
NZ dollar falls as market weighs 'hawkish'
Wednesday, 27 September 2017, 12:05 pm | BusinessDesk
Sept. 27 (BusinessDesk) - The New Zealand dollar fell against the US dollar, touching a three-week low, after Federal Reserve chair Janet Yellen said the central bank needs to push on with gradual rate hikes despite weak inflation. More >>
Fulton Hogan lifts annual profit 6.5%
Wednesday, 27 September 2017, 12:02 pm | BusinessDesk
Sept. 26 (BusinessDesk) - Fulton Hogan lifted annual profit 6.5 percent as the privately-held civil construction firm benefited from a growing infrastructure spend across the nation. More >>
NZ businesses looking to jump start productivity
Wednesday, 27 September 2017, 11:51 am | BusinessDesk
Sept. 26 (BusinessDesk) - New Zealand's economy continues to grow yet moribund productivity remains a challenge and a group of business, education and technology leaders is looking outside the traditional tertiary framework for solutions. More >>
Dunedin City Skips Dividend on Aurora Energy Network Upgrade
Wednesday, 27 September 2017, 11:49 am | BusinessDesk
Sept. 26 (BusinessDesk) - Dunedin City Council didn't get a dividend from its investment division this year as the local authority braces for a $721 million decade-long capital investment programme to upgrade Aurora Energy's ageing infrastructure. More >>
NZ posts bigger-than-expected trade deficit in August
Wednesday, 27 September 2017, 11:49 am | BusinessDesk
Sept. 26 (BusinessDesk) - New Zealand posted a bigger-than-expected goods trade deficit in August as exports of milk powder, butter and cheese declined and imports of crude oil and petroleum products jumped higher. More >>
While you were sleeping: Yellen lifts US dollar
Wednesday, 27 September 2017, 10:56 am | BusinessDesk
Sept. 27 (BusinessDesk) - The US dollar strengthened while Wall Street held on to gains after Federal Reserve Chair Janet Yellen warned against the central bank moving “too gradually” on tightening monetary policy. More >>
NZ Dollar Gains vs Euro, Falls vs Yen
Wednesday, 27 September 2017, 10:51 am | BusinessDesk
Sept. 26 (BusinessDesk) - The New Zealand dollar rose against the euro on speculation German Chancellor Angela Merkel will have a difficult time forming a coalition after winning a fourth term in office and fell against the yen on heightened Korean peninsula ... More >>
MARKET CLOSE: NZ shares rise in light trading
Monday, 25 September 2017, 8:38 pm | BusinessDesk
MARKET CLOSE: NZ shares rise in light trading; A2, Z Energy, SkyCity gain while Sky TV drops More >>
NZ dollar falls as markets await new government
Monday, 25 September 2017, 8:19 pm | BusinessDesk
Sept. 25 (BusinessDesk) - The New Zealand dollar fell after there was no clear winner in Saturday's election with both the National Party and Labour-Green bloc vying to form a government with New Zealand First. More >>
Mainzeal hearing set down for September next year
Monday, 25 September 2017, 7:45 pm | BusinessDesk
Sept. 25 (BusinessDesk) - The liquidators of the failed Mainzeal group of companies will face off in court with the building firm's directors next year in what's scheduled to be a six-week hearing. More >>
Reserve Bank seen on hold this week
Monday, 25 September 2017, 5:28 pm | BusinessDesk
Sept. 25 (BusinessDesk) - The Reserve Bank of New Zealand is tipped to keep rates on hold Thursday and acting governor Grant Spencer is widely expected to signal no change on the immediate horizon in his first rate decision. More >>
NZ stocks, dollar tread water after election
Monday, 25 September 2017, 3:45 pm | BusinessDesk
Sept. 25 (BusinessDesk) - New Zealand markets are treading water as coalition talks get underway after Saturday's general election although sentiment is also being weighed on by offshore events. More >>
