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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 370]
IkeGPS announces share placement to existing Australian
Wednesday, 16 August 2017, 1:51 pm | BusinessDesk
Aug. 16 (BusinessDesk) - IkeGPS, the laser measurement toolmaker, said it has received firm expressions of interest from existing Australian and New Zealand institutional and wholesale investors for a share placement. More >>
Synlait boosts supply deal with Chinese formula brand
Wednesday, 16 August 2017, 12:05 pm | BusinessDesk
Aug. 16 (BusinessDesk) - Synlait Milk, the NZX-listed milk processor, will triple its infant formula supply with Sichuan-based New Hope Nutritionals over the next five years in a new deal with the Chinese company. More >>
FIRST CUT: Fletcher posts 23% drop in operating earnings
Wednesday, 16 August 2017, 12:02 pm | BusinessDesk
Aug. 16 (BusinessDesk) - Fletcher Building reported a 23 percent drop in full-year operating earnings, in line with its profit warning last month when the building products and construction company fired its chief executive, and said operating cash ... More >>
NZ dollar falls after stronger US data
Wednesday, 16 August 2017, 11:25 am | BusinessDesk
Aug. 16 (BusinessDesk) - The New Zealand dollar fell after stronger-than-expected US retail sales lifted the greenback and prices fell in the GlobalDairyTrade auction overnight. More >>
Big corporates seek lower tax rate
Wednesday, 16 August 2017, 11:10 am | BusinessDesk
Aug. 15 (BusinessDesk) - Some of New Zealand's largest companies are calling on any future government to lower the corporate tax rate, which is becoming high compared to other countries, and a "New Zealand first" approach to cross-border finance arrangements ... More >>
While You Were Sleeping: Solid US Retail Sales
Wednesday, 16 August 2017, 10:48 am | BusinessDesk
Aug. 16 (BusinessDesk) - A report showing better-than-expected US retail sales underpinned bets the Federal Reserve will hike interest rates at least once more this year, bolstering the greenback. More >>
Dairy product prices fall as whole milk powder slips
Wednesday, 16 August 2017, 10:04 am | BusinessDesk
Aug. 16 (BusinessDesk) - Dairy product prices declined at the Global Dairy Trade auction, easing for the fourth time in five auctions. More >>
MARKET CLOSE: NZ stocks rise, as earnings glow boosts stocks
Tuesday, 15 August 2017, 8:47 pm | BusinessDesk
MARKET CLOSE: NZ stocks rise, as earnings glow boosts Summerset, Contact; Fletcher rallies on positive sentiment More >>
Dollar gets lift against yen as risk aversion subsides
Tuesday, 15 August 2017, 8:46 pm | BusinessDesk
Aug. 15 (BusinessDesk) - The New Zealand dollar got a lift against the yen, benefiting from resurgent risk appetite after North Korea's leader seemed to back down from plans to fire a missile near Guam. More >>
NZ Super Fund not aiming for a zero carbon portfolio
Tuesday, 15 August 2017, 7:42 pm | BusinessDesk
Aug. 15 (BusinessDesk) - The New Zealand Superannuation Fund is not aiming for a zero carbon portfolio and will keep investing in energy companies if they are making significant advances regarding climate change risk, says chief executive Adrian Orr. More >>
Transport committee backs target pilot procurement for EVs
Tuesday, 15 August 2017, 7:04 pm | BusinessDesk
Aug. 15 (BusinessDesk) - The government should run a target pilot procurement programme for State sector electric vehicles to help work out how to have 64,000 EVs on the country's roads by 2021, according to a select committee investigation into the future ... More >>
PM says there's no need for debt to income ratio tool
Tuesday, 15 August 2017, 6:36 pm | BusinessDesk
NZ prime minister says there's no need for debt to income ratio tool to curb lending By Rebecca Howard More >>
NZ sheep numbers decline at a slower annual pace
Tuesday, 15 August 2017, 2:58 pm | BusinessDesk
Aug. 15 (BusinessDesk) - The steady decline in New Zealand's sheep numbers continued at a slower pace over the past year as farmers in some areas rebuilt their flocks following drought, natural disasters and the impact of facial eczema. More >>
Infratil's Canberra Data Centres inks deal with Microsoft
Tuesday, 15 August 2017, 2:19 pm | BusinessDesk
Aug. 15 (BusinessDesk) - Infratil investment Canberra Data Centres has inked a deal with Microsoft to deliver hyper-scale cloud services for government data and has approved the construction of a new data centre. More >>
ANZ New Zealand 9-mth earnings jump 19%
Tuesday, 15 August 2017, 1:47 pm | BusinessDesk
ANZ New Zealand 9-mth earnings jump 19% on smaller bad debt charges, cost cutting More >>
More transparency on Fonterra's off-GDT sales required
Tuesday, 15 August 2017, 1:03 pm | BusinessDesk
Aug. 15 (BusinessDesk) - The Commerce Commission wants Fonterra Cooperative Group to be more forthcoming in the information it provides about sales outside the GlobalDairyTrade platform which are becoming more important to the world's biggest dairy exporter. More >>
Summerset posts 45% rise in 1H earnings
Tuesday, 15 August 2017, 1:00 pm | BusinessDesk
Aug. 15 (BusinessDesk) - Summerset Group, New Zealand's second-largest retirement village developer, posted a 45 percent gain in first-half underlying earnings and reiterated that full-year profit may increase by a third as it ramps up development. More >>
NZX more than doubles 1H profit
Tuesday, 15 August 2017, 12:58 pm | BusinessDesk
NZX more than doubles 1H profit as it focusses on cutting costs, business review By Sophie Boot More >>
Labour's water charging policy 'reckless', says English
Tuesday, 15 August 2017, 11:41 am | BusinessDesk
Aug. 15 (BusinessDesk) - The Labour Party has "bumbled into" its policy to charge for water in a "reckless" way that would put a Labour-led government on a collision course with both Maori and other water users, Prime Minister Bill English said at ... More >>
NZ dollar falls as US, North Korean tensions ease
Tuesday, 15 August 2017, 11:39 am | BusinessDesk
Aug. 15 (BusinessDesk) - The New Zealand dollar fell against the greenback as cooling panic over tensions between the US and North Korea reinvigorated risk appetite, prompting a recovery in stocks on Wall Street. More >>
