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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 356]
Fletcher Building gets $345M additional debt facilities
Friday, 8 September 2017, 7:28 pm | BusinessDesk
Sept. 8 (BusinessDesk) - Fletcher Building, whose leverage almost doubled in 2017, said it has arranged an additional $345 million of debt facilities with three banks in its existing syndicate. More >>
Briscoe lifts first-half profit 4.8% amid ongoing rivalry
Friday, 8 September 2017, 3:35 pm | BusinessDesk
Sept. 8 (BusinessDesk) - Briscoe Group, which operates stores selling household items and sports goods, lifted first-half profit 4.8 percent and said it was satisfied with the result in the face of ongoing competitiveness and unusual weather conditions. More >>
Tomizone inks deal to buy Bluesky Online Services for A$276k
Friday, 8 September 2017, 3:21 pm | BusinessDesk
Sept. 8 (BusinessDesk) - Auckland-based Tomizone said it has inked a deal to buy Bluesky Online Services for a combination of cash and shares worth A$275,900 as it looks to grow its business. More >>
Agriculture and the emissions trading scheme
Friday, 8 September 2017, 3:08 pm | BusinessDesk
Sept. 8 (BusinessDesk) - A Labour-led government would bring agricultural greenhouse gas emissions into the emissions trading scheme by 2020, although 90 percent of emissions would attract no carbon price at first, Labour leader Jacinda Ardern announced this ... More >>
NZ wool market continues to pick up at weekly auction
Friday, 8 September 2017, 2:17 pm | BusinessDesk
Sept. 8 (BusinessDesk) - New Zealand's wool market continued to improve at the latest weekly auction, as demand picked up from China, the largest buyer of the fibre, and a decline in the local currency made trading more attractive. More >>
NZ second quarter manufacturing volumes
Friday, 8 September 2017, 2:12 pm | BusinessDesk
Sept. 8 (BusinessDesk) - Both the volume and value of New Zealand's manufacturing sales rose in the June quarter, lifted by meat and dairy product manufacturing. More >>
UPDATE: NZTE probes wood fibre supply concerns
Friday, 8 September 2017, 1:41 pm | BusinessDesk
Sept. 8 (BusinessDesk) - New Zealand Trade and Enterprise, which has encouraged a Chinese company to invest in a $180 million wood processing plant in the Central North Island to boost regional development, is now looking into whether there is ... More >>
Di Humphries to leave after brief return to Hallenstein
Friday, 8 September 2017, 1:20 pm | BusinessDesk
Sept. 8 (BusinessDesk) - Di Humphries will leave Hallenstein Glasson Holdings at the end of the month after almost a year-and-a-half back at the clothing chain, having returned the Glassons women's wear brand back to profitability. More >>
NZTE probes wood fibre supply concerns
Friday, 8 September 2017, 12:44 pm | BusinessDesk
Sept. 8 (BusinessDesk) - New Zealand Trade and Enterprise, which has encouraged a Chinese company to invest in a $180 million wood processing plant in the Central North Island to boost regional development, is now looking into whether there is ... More >>
Limited opportunity for lower freight emissions
Friday, 8 September 2017, 12:00 pm | BusinessDesk
Sept. 8 (BusinessDesk) - Coastal shipping and rail have less potential in the drive to reduce carbon emissions from the transport sector than the optimistic view expressed in a Productivity Commission issues paper on decarbonising the New Zealand economy, ... More >>
NZ dollar falls vs euro after ECB lifts growth forecast
Friday, 8 September 2017, 11:50 am | BusinessDesk
Sept. 8 (BusinessDesk) - The New Zealand dollar fell against the euro after the European Central Bank lifted its forecast for economic growth and didn't signal any alarm about the euro's 15 percent gain against the greenback this year. More >>
While you were sleeping: Disney, GE slide
Friday, 8 September 2017, 11:19 am | BusinessDesk
Sept. 8 (BusinessDesk) - Wall Street was mixed as slides in Walt Disney and General Electric shares weighed on the Dow. More >>
MARKET CLOSE: NZ shares mixed, Sky TV gains
Thursday, 7 September 2017, 8:38 pm | BusinessDesk
Sept. 7 (BusinessDesk) - New Zealand shares were mixed, with Sky Network Television continuing yesterday's rebound while Air New Zealand and Trade Me Group declined after giving up dividend rights. More >>
NZ dollar gains vs Australian dollar
Thursday, 7 September 2017, 8:23 pm | BusinessDesk
Sept. 7 (BusinessDesk) - The New Zealand dollar rose against the Australian dollar after weak economic data across the Tasman but was little changed against the greenback ahead of the European Central Bank's monetary policy statement. More >>
Vanuatu joins PACER Plus Pacific trade deal, PNG close
Thursday, 7 September 2017, 7:55 pm | BusinessDesk
Sept. 7 (BusinessDesk) - Support for the vexed Pacific area trade agreement known as PACER-Plus has taken a significant step forward with Vanuatu becoming a signatory to the deal after declining to participate when 11 other countries concluded the ... More >>
Wynyard NZ liquidator still mulling $171M claim from parent
Thursday, 7 September 2017, 7:12 pm | BusinessDesk
Sept. 7 (BusinessDesk) - The liquidators of Wynyard (NZ), the local unit of the failed crime investigation software developer, are still considering a $171 million creditor claim from the parent company while pursuing $5.9 million from two other subsidiaries ... More >>
Supreme Court dismisses Affco's unlawful lockout appeal
Thursday, 7 September 2017, 7:09 pm | BusinessDesk
Sept. 7 (BusinessDesk) - The Supreme Court has rejected an appeal by Affco against a lower court's finding that the meat processor unlawfully locked out meat workers when collective bargaining was taking place. More >>
Topshop operator calls in receivers as trading losses mount
Thursday, 7 September 2017, 3:22 pm | BusinessDesk
Sept. 7 (BusinessDesk) - Top Retail, which operates New Zealand's two Topshop and Topman branded stores, has been tipped into receivership due to the prospect of mounting losses in the face of increased competition, an environment that sunk its Australian ... More >>
NZ wholesale trade rises 1.7% in 2nd-qtr
Thursday, 7 September 2017, 2:18 pm | BusinessDesk
Sept. 7 (BusinessDesk) - New Zealand wholesale trade pushed higher on quarter in the June quarter, with five of six wholesale industries reporting higher sales. It was the fifth consecutive quarterly gain. More >>
NZ govt agrees on negotiating mandate for upgraded FTA
Thursday, 7 September 2017, 1:36 pm | BusinessDesk
Sept. 7 (BusinessDesk) - The New Zealand government has agreed a negotiating mandate for the upgrade of the free trade agreement with China, with a goal of $30 billion of two-way trade by 2020. More >>
