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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 351]
Orion Health whittling down options in strategic review
Wednesday, 20 September 2017, 7:10 pm | BusinessDesk
Orion Health whittling down options raised in strategic review, sees first-half By Paul McBeth More >>
Turners Automotive sees FY18 pre-tax profit rising
Wednesday, 20 September 2017, 7:09 pm | BusinessDesk
Sept. 20 (BusinessDesk) - Turners Automotive Group told shareholders at today's annual meeting it expects to lift its full-year pre-tax earnings by as much as 26 percent as it benefits from a series of recent acquisitions and increasing vertical integration. More >>
Seadragon forecasts smaller loss in FY18 on improved sales
Wednesday, 20 September 2017, 5:17 pm | BusinessDesk
Sept. 20 (BusinessDesk) - Seadragon says it is "cautiously confident" of success in the year ahead despite setbacks to its presence in the omega-3 market and "teething issues" with its products. More >>
NZ 2Q current account gap narrower than expected
Wednesday, 20 September 2017, 1:59 pm | BusinessDesk
NZ 2Q current account gap narrower than expected, annual deficit at 2.8% of GDP More >>
Fletcher Building kicks off board changes
Wednesday, 20 September 2017, 12:01 pm | BusinessDesk
Sept. 20 (BusinessDesk) - Fletcher Building has started to refresh its boardroom with the departure of two directors and says it wants their replacements to have construction and contracting experience. More >>
NZ dollar rises above 73 US cents
Wednesday, 20 September 2017, 11:45 am | BusinessDesk
Sept. 20 (BusinessDesk) - The New Zealand dollar rose above 73 US cents as financial markets await the outcome of the Federal Reserve policy meeting tomorrow and ahead of local balance of payments and economic growth data in the next two days. More >>
While you were sleeping: Dow ekes out record high
Wednesday, 20 September 2017, 10:11 am | BusinessDesk
Sept. 20 (BusinessDesk) - Wall Street inched higher, with the Dow reaching a fresh record, as the Federal Open Market Committee began its two-day meeting after which it is widely expected to announce a plan for the reduction of its balance sheet. More >>
Dairy product prices rise, bolstered by whole milk powder
Wednesday, 20 September 2017, 10:08 am | BusinessDesk
Sept. 20 (BusinessDesk) - Dairy product prices rose at the Global Dairy Trade auction, increasing for the third time in seven auctions, amid stronger-than-expected demand for whole milk powder. More >>
Air NZ restricts ticket sales as fuel shortage bites
Tuesday, 19 September 2017, 8:46 pm | BusinessDesk
Sept. 19 (BusinessDesk) - Air New Zealand is restricting ticket sales and will cancel some international flights as it deals with the shortage of jet fuel at Auckland International Airport. More >>
MARKET CLOSE: NZ shares up, milk stocks Synlait, A2 gain
Tuesday, 19 September 2017, 8:44 pm | BusinessDesk
MARKET CLOSE: NZ shares up, milk stocks Synlait, A2 gain while Air NZ drops as more flights cancelled More >>
NZ dollar rises but seen as range-bound ahead of election
Tuesday, 19 September 2017, 8:21 pm | BusinessDesk
Sept. 19 (BusinessDesk) - The New Zealand dollar gained although it remains in a tight range as investors await the Federal Reserve meeting for clues on US monetary policy as well as the final opinion polls ahead of Saturday's election. More >>
Alliance buys Singapore marketer Goldkiwi to improve reach
Tuesday, 19 September 2017, 7:56 pm | BusinessDesk
Sept. 19 (BusinessDesk) - Alliance Group, New Zealand's second-largest meat cooperative, has bought Singapore-based marketing and sales company Goldkiwi Asia for an undisclosed amount. More >>
ASX-listed 9 Spokes climbs 9.5% after signing RBC
Tuesday, 19 September 2017, 7:54 pm | BusinessDesk
Sept. 19 (BusinessDesk) - ASX-listed 9 Spokes International shares rose 9.5 percent after the software developer signed a deal with Royal Bank of Canada for the North American bank to provide a white-label version of the company's platform. More >>
Dave Henderson loses appeal against conditions
Tuesday, 19 September 2017, 6:23 pm | BusinessDesk
Sept. 19 (BusinessDesk) - The Court of Appeal has dismissed Christchurch property developer David Henderson's appeal against conditions imposed when he was discharged from bankruptcy including a permanent ban on giving personal guarantees for debts ... More >>
Housing slowdown, election weigh on retirement stocks
Tuesday, 19 September 2017, 4:22 pm | BusinessDesk
Sept. 18 (BusinessDesk) - New Zealand's listed retirement village operators face heightened pressure as cooling house prices and fears a more activist government may win this week's election threaten to end the companies' riding on the coat-tails ... More >>
Synlait shares hit record on profit gain
Tuesday, 19 September 2017, 3:22 pm | BusinessDesk
Sept. 19 (BusinessDesk) - Synlait Milk shares rose to a record high after the company posted an 11 percent gain in full-year profit and flagged further growth this year while signalling a move into branded consumer goods. More >>
OG Oil & Gas keen on NZX-listing for NZOG
Tuesday, 19 September 2017, 1:57 pm | BusinessDesk
OG Oil & Gas keen on NZX-listing for NZOG in partial bid to keep future capital lines open More >>
NZ consumer confidence dips in September on future worries
Tuesday, 19 September 2017, 1:18 pm | BusinessDesk
Sept. 19 (BusinessDesk) - New Zealand consumer confidence dropped in the September quarter as the slowing housing market dented optimism about the future, although people felt more upbeat about their current financial situation. More >>
MBIE: Wiri terminal wouldn't have avoided pipeline woes
Tuesday, 19 September 2017, 12:03 pm | BusinessDesk
Sept. 19 (BusinessDesk) - The Ministry of Business, Innovation and Employment says an alternative to the Wiri oil terminal was too expensive and wouldn't have avoided the recent pipeline leak disrupting air services in Auckland because the leak was ... More >>
NZ dollar falls against broadly stronger greenback
Tuesday, 19 September 2017, 11:34 am | BusinessDesk
Sept. 19 (BusinessDesk) - The New Zealand dollar fell against a broadly stronger US dollar ahead of the Federal Reserve's two-day policy meeting which may provide hints to how and when the central bank will begin unwinding its massive balance sheet. More >>
