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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 357]
New electricity market rules needed to hasten battery uptake
Thursday, 7 September 2017, 12:06 pm | BusinessDesk
Sept. 7 (BusinessDesk) - Large-scale use of batteries in the electricity system is expected to become commercially viable in the next three to five years, but electricity market rules will have to change to deliver owners the full value of batteries' various ... More >>
NZ dollar drops to 15-month low vs Canadian dollar
Thursday, 7 September 2017, 11:56 am | BusinessDesk
Sept. 7 (BusinessDesk) - The New Zealand dollar dropped to a 15-month low against the Canadian dollar after the Bank of Canada unexpectedly hiked its benchmark rate, and declined against the greenback and the euro. More >>
Alliance Group beefing up facilities to meet demand
Thursday, 7 September 2017, 11:46 am | BusinessDesk
Sept. 7 (BusinessDesk) - Alliance Group will invest $1.7 million in two plants in order to meet growing demand for New Zealand-sourced blood products. More >>
While You Were Sleeping: Wall St Recovers
Thursday, 7 September 2017, 11:21 am | BusinessDesk
Sept. 7 (BusinessDesk) - Wall Street rose, recovering some of the previous day’s decline, as US President Donald Trump reached a deal with congressional leaders to extend the US debt limit until December 15. More >>
MARKET CLOSE: NZ shares up as yield appeals
Wednesday, 6 September 2017, 8:37 pm | BusinessDesk
Sept. 6 (BusinessDesk) - New Zealand shares rose, with Sky Network Television bouncing back from lows and A2 Milk Co advancing to a new record. More >>
NZ dollar loses sheen as Aust growth weighs
Wednesday, 6 September 2017, 8:26 pm | BusinessDesk
NZ dollar loses sheen as Aust growth weighs, still firm on heightened North Korean tensions More >>
4RF sinks deeper into the red on R&D spend
Wednesday, 6 September 2017, 5:31 pm | BusinessDesk
Sept. 6 (BusinessDesk) - 4RF sank deeper into the red in the latest financial year as the Israeli-owned radio equipment maker continued a heavy research and development programme as it chases export markets for its smart radios. More >>
Toll Group sinks into the red on rising costs
Wednesday, 6 September 2017, 3:50 pm | BusinessDesk
Sept. 6 (BusinessDesk) - Toll Group NZ sank into the red on a rising cost line, joining other transport and logistics firms facing the squeeze when last year's Kaikoura earthquake disrupted supply routes. More >>
Ponzi scheme accused Shane Scott changes plea to guilty
Wednesday, 6 September 2017, 2:33 pm | BusinessDesk
Sept. 6 (BusinessDesk) - Shane Scott, who was accused of operating a Ponzi scheme to defraud friends and close associates of $5.4 million, has changed his plea to guilty. More >>
Plexure CEO founder Bradley exits at AGM after restructure
Wednesday, 6 September 2017, 1:02 pm | BusinessDesk
Plexure CEO founder Scott Bradley exits at AGM after restructure, sees smaller first-half loss More >>
Ike announces details of $1.3m capital raising
Wednesday, 6 September 2017, 12:45 pm | BusinessDesk
Sept. 6 (BusinessDesk) - IkeGPS, the laser measurement toolmaker, has released the details for its $1.3 million capital raising through a share purchase plan for existing shareholders. More >>
NZ Dollar Rallies on Fed Comments, North Korea & Dairy Gains
Wednesday, 6 September 2017, 11:50 am | BusinessDesk
Sept. 6 (BusinessDesk) - The New Zealand dollar climbed more than 1 percent against the greenback after a Federal Reserve governor pointed to weak US inflation, US President Donald Trump flagged military sales to South Korea and Japan, and dairy prices rose ... More >>
While You Were Sleeping: Wall St Tumbles, Treasuries Rally
Wednesday, 6 September 2017, 11:16 am | BusinessDesk
Sept. 6 (BusinessDesk) - Wall Street slid while US Treasuries rallied as investors returned from a long weekend during which geopolitical tensions intensified following North Korea’s biggest nuclear test. More >>
Dairy Prices Inch Higher as Milk Fats Gain & Powders Fall
Wednesday, 6 September 2017, 10:13 am | BusinessDesk
Sept. 6 (BusinessDesk) - Dairy product prices edged higher at the Global Dairy Trade auction, rising for the second time in six auctions, as gains in milk fats offset a decline in milk powders. More >>
MARKET CLOSE: NZ shares down on election, North Korea fears
Tuesday, 5 September 2017, 8:35 pm | BusinessDesk
MARKET CLOSE: NZ shares down on election, North Korea fears; Auckland Airport, Trade Me fall By Sophie Boot More >>
NZ dollar falls against Aussie on Aust data, North Korea
Tuesday, 5 September 2017, 8:24 pm | BusinessDesk
Sept. 5 (BusinessDesk) - The New Zealand dollar fell in a see-saw day against the Aussie after Australian trade data, a central bank statement and ongoing jitters about North Korea's military ambitions. More >>
Feltex shareholder says Appeal Court wrong
Tuesday, 5 September 2017, 8:22 pm | BusinessDesk
Sept. 5 (BusinessDesk) - Former Feltex Carpets shareholder Eric Houghton says the Court of Appeal was wrong in finding two months of sales that were about 20 percent below forecast didn't amount to "material" information that should have ... More >>
Christchurch Airport pays special dividend
Tuesday, 5 September 2017, 8:21 pm | BusinessDesk
Sept. 5 (BusinessDesk) - Christchurch International Airport will pay its Crown and council shareholders a special dividend after record passenger numbers helped drive a 50 percent gain in annual profit. More >>
Delegat names John Freeman as incoming managing director
Tuesday, 5 September 2017, 8:20 pm | BusinessDesk
Sept. 5 (BusinessDesk) - Delegat Group, New Zealand's largest listed winemaker, has named John Freeman as its next managing director. More >>
Equity Trust International gets formal warning
Tuesday, 5 September 2017, 8:19 pm | BusinessDesk
Sept. 5 (BusinessDesk) - The Department of Internal Affairs has issued a public formal warning to Equity Trust International, an Auckland-based company, for failing to comply with anti-money laundering rules. More >>
