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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 349]
Abano buys three dental practices in first quarter
Monday, 25 September 2017, 3:15 pm | BusinessDesk
Sept. 25 (BusinessDesk) - Abano Healthcare bought three new dental practices in the first three months of its financial year, in a period when same-store sales were mixed. More >>
NZ structural log prices advance to 23-year high
Monday, 25 September 2017, 3:12 pm | BusinessDesk
Sept. 25 (BusinessDesk) - New Zealand structural log prices edged up to the highest level in more than two decades as mills compete with the export market to secure supply for the local construction market. More >>
UPDATE: Fonterra FY gross margin shrinks
Monday, 25 September 2017, 1:55 pm | BusinessDesk
Sept. 25 (BusinessDesk) - Fonterra Cooperative Group's full-year gross margin dropped about 4 percentage points as the dairy company paid more for milk, while rising prices offset a decline in volumes. The changing mix didn't alter Fonterra's forecast payout. More >>
Synlait to invest in research and development centre
Monday, 25 September 2017, 1:20 pm | BusinessDesk
Sept. 25 (BusinessDesk) - Synlait Milk, the South Island-based milk processor, will establish a research and development centre in Palmerston North to drive new product development, process technology and packaging. More >>
Jet fuel to be pumped to Auckland Airport today
Monday, 25 September 2017, 12:59 pm | BusinessDesk
Jet fuel to be pumped to Auckland Airport today, Z Energy sees no impact on earnings More >>
Zespri chooses head of sales Dan Mathieson as new CEO
Monday, 25 September 2017, 12:49 pm | BusinessDesk
Sept. 25 (BusinessDesk) - Zespri, New Zealand's statutory kiwifruit exporter, has chosen its global president of sales and marketing Dan Mathieson as its new chief executive. More >>
Fonterra FY profit falls 11% on smaller margins
Monday, 25 September 2017, 12:18 pm | BusinessDesk
Sept. 25 (BusinessDesk) - Fonterra Cooperative Group posted an 11 percent decline in full-year profit as margins fell across its ingredients and consumer and food service divisions, and it took an impairment on Beingmate Baby & Child Food. More >>
Fletcher confirms KPMG hired
Monday, 25 September 2017, 12:07 pm | BusinessDesk
Sept. 25 (BusinessDesk) - Fletcher Building has confirmed it's hired audit firm KPMG to review four major projects to bolster governance in its construction division. More >>
NZ dollar holds above 73 US cts
Monday, 25 September 2017, 11:52 am | BusinessDesk
Sept. 25 (BusinessDesk) - The New Zealand dollar held above 73 US cents after Saturday's general election saw the incumbent National Party win the most votes, putting it in the box seat to negotiate the formation of a new government. More >>
World Week Ahead: Tonnes of Fed speak ahead
Monday, 25 September 2017, 11:17 am | BusinessDesk
Sept. 25 (BusinessDesk) - A slew of speeches by US Federal Reserve officials including chair Janet Yellen in the coming days will be closely monitored following last week’s more-hawkish-than-expected outlook from the central bank. More >>
Kiwi may get brief boost after National wins most votes
Monday, 25 September 2017, 8:14 am | BusinessDesk
NZ shares, kiwi may get brief boost after National wins most votes, uncertainty to cap gains By Rebecca Howard More >>
MARKET CLOSE: NZ shares up, trading quiet ahead of election
Friday, 22 September 2017, 8:48 pm | BusinessDesk
MARKET CLOSE: NZ shares up, trading quiet ahead of election; Fletcher, TradeMe gain, A2 falls More >>
NZ dollar falls on eve of election
Friday, 22 September 2017, 8:14 pm | BusinessDesk
Sept. 22 (BusinessDesk) - The New Zealand dollar fell heading into Saturday's general election on the back of ongoing sabre-rattling between the US and North Korea. More >>
Jet fuel allocations at Auckland Airport increased
Friday, 22 September 2017, 5:09 pm | BusinessDesk
Sept. 22 (BusinessDesk) - Airlines' jet fuel allocations at Auckland International Airport have been increased today, with fewer cancelled flights and Wynyard Wharf set to receive drop-offs this weekend, says Energy Minister Judith Collins. More >>
TruScreen director Tim Preston withdraws nomination
Friday, 22 September 2017, 3:03 pm | BusinessDesk
Sept. 22 (BusinessDesk) - TruScreen director Tim Preston withdrew his nomination for re-election on the eve of yesterday's annual meeting, where the NZAX-listed cervical cancer test developer was upbeat about its prospects of securing Chinese regulatory ... More >>
Warehouse beats annual profit forecast
Friday, 22 September 2017, 1:17 pm | BusinessDesk
Sept. 22 (BusinessDesk) - Warehouse Group, known for its flagship 'red shed' discount department stores, beat its annual profit forecast after a better-than-expected second half, and kept its full-year dividend payout unchanged for a third straight year. More >>
Silver Fern expects cattle, lamb prices to drop next season
Friday, 22 September 2017, 12:25 pm | BusinessDesk
Sept. 22 (BusinessDesk) - Silver Fern Farms expects a mixed season, with beef and lamb prices expected to drop as more supply becomes available while venison prices will remain strong. More >>
FMA to step up enforcement of financial services register
Friday, 22 September 2017, 11:44 am | BusinessDesk
Sept. 22 (BusinessDesk) - The Financial Markets Authority is stepping up its enforcement of people misusing the financial services provider register, which continues to generate the most complaints to the market watchdog. More >>
NZ dollar slips
Friday, 22 September 2017, 11:42 am | BusinessDesk
Sept. 22 (BusinessDesk) - The New Zealand dollar fell as the US Federal Reserve signals on balance sheet unwinding and interest rate hikes outweighed gains made earlier in the week after a poll showing the National Party in the lead ahead of tomorrow's ... More >>
While you were sleeping: Wall St slides from record highs
Friday, 22 September 2017, 11:04 am | BusinessDesk
Sept. 22 (BusinessDesk) - Wall Street weakened, declining from record highs, as investors assessed the impact of the Federal Reserve’s intentions to raise interest rates once more this year. More >>
