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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 354]
MARKET CLOSE: NZ shares fall as election uncertainty weighs
Wednesday, 13 September 2017, 8:47 pm | BusinessDesk
MARKET CLOSE: NZ shares fall as election uncertainty weighs; Sky TV, Kathmandu drop; CBL recovers More >>
NZ house prices, credit growth need more cooling, S&P says
Wednesday, 13 September 2017, 8:18 pm | BusinessDesk
Sept. 13 (BusinessDesk) - The New Zealand housing market needs to cool further and credit growth needs to slow to remove risks to the wider banking system, Standard & Poor's says. More >>
NZ dollar little changed as next poll awaited
Wednesday, 13 September 2017, 8:17 pm | BusinessDesk
NZ dollar little changed as next poll awaited, having jumped on swing back to Nats More >>
Trends Publishing loses appeal over creditor compromise
Wednesday, 13 September 2017, 3:45 pm | BusinessDesk
Sept. 13 (BusinessDesk) - Trends Publishing International has lost its Court of Appeal challenge to a High Court ruling setting aside a compromise deal it struck with creditors that the lower court found had been manipulated to the detriment of Callaghan Innovation. More >>
Court rejects Cathay unit's retirement age of 55 for pilots
Wednesday, 13 September 2017, 2:52 pm | BusinessDesk
Sept. 13 (BusinessDesk) - The Supreme Court has backed two Auckland-based Cathay Pacific pilots who claimed local law meant they couldn't be forced to retire at 55. More >>
Butter hits record high due to global demand
Wednesday, 13 September 2017, 2:15 pm | BusinessDesk
Sept. 13 (BusinessDesk) - New Zealand food prices rose in August, with fruit and vegetables, meat, and groceries such as butter more expensive than a year earlier. More >>
Telcos still dominate consumer complaints
Wednesday, 13 September 2017, 2:00 pm | BusinessDesk
Sept. 13 (BusinessDesk) - The Commerce Commission's annual consumer issues report shows telecommunications firms Vodafone New Zealand and Spark New Zealand still attract the most ire from their customers, although the rise of online shopping has seen ... More >>
WSP lifts Opus offer after negotiating higher dividend
Wednesday, 13 September 2017, 1:57 pm | BusinessDesk
Sept. 13 (BusinessDesk) - WSP Global Inc, a Canadian listed consultancy firm, has lifted its offer for Opus International Consultants after the company declared a 14 cent dividend. More >>
Turners Automotive plans to raise $30M to fund growth
Wednesday, 13 September 2017, 12:44 pm | BusinessDesk
Sept. 13 (BusinessDesk) - Turners Automotive Group intends to raise as much as $30 million by selling new shares to help fund future growth and provide more liquidity for its stock. More >>
Dave Taylor Steps Down After 8 Years as CEO of Steel & Tube
Wednesday, 13 September 2017, 12:19 pm | BusinessDesk
Sept. 13 (BusinessDesk) - Steel & Tube Holdings chief executive Dave Taylor has resigned and will leave next week after eight years running the listed steel building supplies company. More >>
Dollar sustains gains after jumping on National's recovery
Wednesday, 13 September 2017, 11:38 am | BusinessDesk
Sept. 13 (BusinessDesk) - The New Zealand dollar jumped late yesterday, and held onto its gains overnight, after the latest opinion poll showed the National Party back in the lead and with the numbers to govern alone. More >>
While you were sleeping: Wall St climbs to fresh records
Wednesday, 13 September 2017, 10:30 am | BusinessDesk
Sept. 13 (BusinessDesk) - Wall Street gained, sending the S&P 500 to a record high, as investors recovered confidence in the outlook for the US economy and corporate profits. More >>
MARKET CLOSE: NZ shares fall, led by CBL, retirement stocks
Tuesday, 12 September 2017, 9:22 pm | BusinessDesk
MARKET CLOSE: NZ shares fall, led by CBL, retirement stocks; CropLogic drops 23% in ASX debut More >>
NZ dollar falls as global risks abate, lifting greenback
Tuesday, 12 September 2017, 9:20 pm | BusinessDesk
Sept. 12 (BusinessDesk) - The New Zealand dollar fell on moderating concerns over North Korea and Hurricane Irma helped lift the greenback against the euro and the yen. More >>
Firm with public sector clients warns of 'governing in fog'
Tuesday, 12 September 2017, 8:04 pm | BusinessDesk
Sept. 12 (BusinessDesk) - Information Leadership, which sells information management tools on Microsoft's SharePoint and Office 365 and has had most success in the public sector, warns organisations need to avoid "governing in fog". More >>
Labour to boost public broadcasting funding
Tuesday, 12 September 2017, 4:58 pm | BusinessDesk
Sept. 12 (BusinessDesk) - Labour is proposing to double current funding for New Zealand on Air to around $72 million a year, and to devote the lion's share of the additional $38 million a year to public interest journalism and programming, including local ... More >>
CropLogic drops 15% on ASX debut
Tuesday, 12 September 2017, 4:31 pm | BusinessDesk
Sept. 12 (BusinessDesk) - CropLogic, the agricultural technology company, has first traded on the Australian stock exchange at 17 Australian cents, a 15 percent discount to its initial public offering price. More >>
Ardern: renegotiating Korean free trade deal
Tuesday, 12 September 2017, 3:52 pm | BusinessDesk
Sept. 12 (BusinessDesk) - Labour Party leader Jacinda Ardern is confident the government of South Korea will change its free-trade agreement with New Zealand to allow a ban on foreign buyers of existing homes, which a Labour-led government would pass into ... More >>
Climate change is top priority for new government, LGNZ says
Tuesday, 12 September 2017, 3:09 pm | BusinessDesk
Sept. 12 (BusinessDesk) - Local Government New Zealand has reiterated its concerns about the impact of climate change, saying the incoming government needs to provide a clear statement on responsibilities for adapting to higher temperatures, rising ... More >>
NZ guest nights rise at 'modest' 1.4% pace in July
Tuesday, 12 September 2017, 2:32 pm | BusinessDesk
Sept. 12 (BusinessDesk) - New Zealand national guest nights rose at a "modest" pace in July, aided by the tail end of the Lions rugby tour. More >>
