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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 379]
Partners Life annual profit down 13%
Monday, 31 July 2017, 8:32 pm | BusinessDesk
July 31 (BusinessDesk) - Partners Life, which counts US private equity firm Blackstone as a cornerstone investor, posted a 13 percent drop in annual profit as persistently low interest rates increased the life insurer's theoretical long-term liability, ... More >>
Business confidence winter cooling not so frosty
Monday, 31 July 2017, 4:29 pm | BusinessDesk
July 31 (BusinessDesk) - New Zealand business confidence cooled less than normal in July as firms remained upbeat about their own activity and were keen to take on more staff. More >>
NZ residential building consents drop 7% in June
Monday, 31 July 2017, 2:42 pm | BusinessDesk
July 31 (BusinessDesk) - New Zealand residential building consents fell 7 percent in June as fewer new homes were consented in the month, although new permits were still up an annual 4.7 percent. More >>
Blue Sky Meats posts $1.9M loss
Monday, 31 July 2017, 2:13 pm | BusinessDesk
July 31 (BusinessDesk) - Blue Sky Meats, the Invercargill-based meat processor, posted a loss for the second year in a row and said the future of its unprofitable beef plant in Gore is under review. More >>
Mark Warminger drops appeal of market manipulation judgment
Monday, 31 July 2017, 1:23 pm | BusinessDesk
July 31 (BusinessDesk) - Former Milford Asset Management portfolio manager Mark Warminger has withdrawn his appeal against a High Court judgment in the country's first case of market manipulation, and the Financial Markets Authority won't pursue a cross-appeal. More >>
NZ dollar rises back to 75 US cents after US GDP underwhelms
Monday, 31 July 2017, 11:42 am | BusinessDesk
July 31 (BusinessDesk) - The New Zealand dollar rose against a broadly weaker greenback, which fell after gross domestic product grew less than expected in the second quarter and first-quarter growth was revised lower. More >>
World Week Ahead: Apple earnings up next
Monday, 31 July 2017, 11:21 am | BusinessDesk for Yahoo
July 31 (BusinessDesk) - Corporate results including from Apple as well as July’s US jobs data top the agenda this week as investors continue to assess whether earnings confirm valuations and what’s ahead for US interest rates. More >>
Fonterra Australia lifts its forecast payout
Friday, 28 July 2017, 8:41 pm | BusinessDesk
July 28 (BusinessDesk) - Fonterra Cooperative Group has once again lifted the amount it will pay its Australian suppliers on the back of an improvement in its business across the Tasman and rising milk prices. More >>
MARKET CLOSE: NZ shares fall; A2 Milk, TradeMe decline
Friday, 28 July 2017, 8:40 pm | BusinessDesk
July 28 (BusinessDesk) - New Zealand shares fell as A2 Milk gave up some of its recent gains while building stocks Fletcher Building and Metro Performance Glass rose. More >>
NZ dollar dips against US dollar after greenback recovers
Friday, 28 July 2017, 8:18 pm | BusinessDesk
July 28 (BusinessDesk) - The New Zealand dollar was weaker after the greenback clawed back some of its losses and was only headed toward a weekly gain of 0.2 percent despite touching a 26-month high yesterday. More >>
Fonterra looks to expand its Africa footprint
Friday, 28 July 2017, 7:41 pm | BusinessDesk
July 28 (BusinessDesk) - Fonterra is exporting into 36 of 54 African countries and aims to expand its footprint as demand grows across the region. More >>
Ethics clash sinks EY Business Journalism Awards
Friday, 28 July 2017, 7:39 pm | BusinessDesk
July 28 (BusinessDesk) - Accounting firm EY appears to have killed off its own annual Business Journalism Awards by attempting to disqualify entries from the National Business Review relating to the accounting scandals in the Australian and New Zealand ... More >>
Wool prices firm at NZ weekly auction
Friday, 28 July 2017, 2:29 pm | BusinessDesk
July 28 (BusinessDesk) - Prices firmed at New Zealand's latest weekly wool auction offering a "glimmer of hope" amid current weak market conditions. More >>
Silver Fern CEO Dean Hamilton steps down
Friday, 28 July 2017, 1:51 pm | BusinessDesk
July 28 (BusinessDesk) - Silver Fern Farms announced the resignation of chief executive Dean Hamilton, who will leave at the end of the year, and said a search is underway for his replacement. More >>
Brownlee's challenger Raf Manji pitches for 2026 Games
Friday, 28 July 2017, 1:49 pm | BusinessDesk
July 27 (BusinessDesk) - Christchurch should bid to host the 2026 Commonwealth Games both as a way to kickstart the city's stalled post-quakes rebuild and to ensure its nationally strategic potential is restored, says Raf Manji, the Christchurch City ... More >>
Blis Technologies forecasts a maiden profit
Friday, 28 July 2017, 12:44 pm | BusinessDesk
July 28 (BusinessDesk) - Blis Technologies expects to post a maiden profit in the current financial year as the Dunedin-based company says it is positioned for sustainable, profitable growth in a rapidly expanding market. More >>
NZ dollar falls back below 75 US cents
Friday, 28 July 2017, 11:51 am | BusinessDesk
July 28 (BusinessDesk) - The New Zealand dollar fell below 75 US cents, having touched a 26-month high against the greenback yesterday, after US durable goods orders rose more than expected in June, stoking optimism the world's biggest economy didn't falter ... More >>
While You Were Sleeping: UPS Fails to Deliver
Friday, 28 July 2017, 11:02 am | BusinessDesk
July 28 (BusinessDesk) - Wall Street was mixed, retreating after touching fresh record highs earlier in the day, as slides in shares of United Parcel Service and tech stocks including those of Apple weighed on sentiment. More >>
NZX milk prices futures gain after Fonterra lifts forecast
Thursday, 27 July 2017, 9:02 pm | BusinessDesk
July 27 (BusinessDesk) - Milk price futures rose after Fonterra Cooperative Group lifted its forecast farmgate payout for the 2018 season although market analysts said it is too soon to predict any change in behaviour such as an increase in dairy ... More >>
MARKET CLOSE: NZ shares mixed, A2 at record
Thursday, 27 July 2017, 8:33 pm | BusinessDesk
MARKET CLOSE: NZ shares mixed, A2 at record while Fletcher, Tower recover, Sky City drops More >>
