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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 380]
NZ dollar pushes to fresh 26-month high as greenback weakens
Thursday, 27 July 2017, 8:07 pm | BusinessDesk
July 27 (BusinessDesk) - The kiwi dollar pushed to a fresh 26-month high against the greenback as the US dollar remained out of favor in Asian trading. More >>
Govt coy on proposed Climate Change Commission
Thursday, 27 July 2017, 7:25 pm | BusinessDesk
July 27 (BusinessDesk) - The Labour and Green parties are embracing a recommendation from the Parliamentary Commissioner for the Environment recommending the creation of an independent Crown entity, the Climate Change Commission, to set a national ... More >>
Fonterra wanted visible penalty for suppliers
Thursday, 27 July 2017, 7:15 pm | BusinessDesk
July 27 (BusinessDesk) - Fonterra Cooperative Group penalised South Canterbury farmers who had been supplying a failed dairy company it took over to avoid bad optics with its existing suppliers and to show there would be consequences for leaving, the farmers' ... More >>
Update: Oceania Healthcare full-year profit
Thursday, 27 July 2017, 6:30 pm | BusinessDesk
July 27 (BusinessDesk) - Oceania Healthcare, which listed in May, said full-year net profit and proforma underlying earnings exceeded its forecasts on the back of a lift in the valuation of its care and retirement village assets and it is on track ... More >>
Kiwi Property CEO Gudgeon to step down in 2018
Thursday, 27 July 2017, 5:18 pm | BusinessDesk
July 27 (BusinessDesk) - Kiwi Property, which manages a $3 billion portfolio of shopping centres and office buildings, said chief executive Chris Gudgeon will step down on Sept. 30, 2018, ending more than 10 years with the investment group. More >>
Fonterra had 'contractual arrangement' with former suppliers
Thursday, 27 July 2017, 3:53 pm | BusinessDesk
July 27 (BusinessDesk) - Fonterra Cooperative Group told the Supreme Court it had only a "contractual arrangement" with former suppliers of the failed New Zealand Dairies in South Canterbury, meaning it didn't have to treat them the same as its ... More >>
IFC launches $100 million Green Kauri bond in New Zealand
Thursday, 27 July 2017, 3:18 pm | BusinessDesk
July 27 (BusinessDesk) - International Financial Corp, a member of the World Bank Group, has launched a minimum $100 million Green Kauri bond sale to finance private sector investments addressing climate change in emerging markets. It is the first ... More >>
Housing, utilities and food prices squeeze beneficiaries
Thursday, 27 July 2017, 2:45 pm | BusinessDesk
July 27 (BusinessDesk) - Beneficiaries were the hardest hit by inflation in the second quarter of the year due to higher prices for housing, household utilities and food, while overall prices continued to dip for top earners, Stats NZ said. More >>
Ryman Healthcare says demand strong
Thursday, 27 July 2017, 1:50 pm | BusinessDesk
July 27 (BusinessDesk) - Demand at Ryman Healthcare's existing villages was strong in the first quarter but growth in the first half of the year will be limited, chairman David Kerr told the company's annual general meeting. More >>
NZX cash trading falls in first half
Thursday, 27 July 2017, 12:46 pm | BusinessDesk
July 27 (BusinessDesk) - NZX saw cash trading drop in the first half of the year, with fewer initial public offerings but more funds under management. More >>
Oceania Healthcare full-year profit
Thursday, 27 July 2017, 12:41 pm | BusinessDesk
July 27 (BusinessDesk) - Oceania Healthcare, which listed in May, said full-year net profit and pro forma underlying earnings exceeded its forecasts on the back of a lift in the valuation of its care and retirement village assets. More >>
Fonterra lifts forecast 2018 farmgate milk price
Thursday, 27 July 2017, 12:05 pm | BusinessDesk
July 27 (BusinessDesk) - Fonterra Cooperative Group lifted its forecast farmgate payout for the 2018 season and projected earnings per share in line with the previous season, saying global supply and demand were "rebalancing". More >>
NZ dollar soars above 75 US cents
Thursday, 27 July 2017, 11:41 am | BusinessDesk
July 27 (BusinessDesk) - The New Zealand dollar rose above 75 US cents, to the highest level in more than two years, after the US Federal Reserve said it would begin reducing its bloated balance sheet "relatively soon". The greenback fell against a basket ... More >>
While you were sleeping: Fed flags unwinding balance sheet
Thursday, 27 July 2017, 11:14 am | BusinessDesk
July 27 (BusinessDesk) - Wall Street advanced to record highs amid better-than-expected corporate earnings including from Boeing while the Federal Reserve signalled it will begin unwinding its balance sheet “relatively soon.” More >>
CORRECT: Shareholders Assn challenges Fletcher board
Wednesday, 26 July 2017, 8:59 pm | BusinessDesk
July 26 (BusinessDesk) - The board of directors of Fletcher Building has "no choice but to seek a new mandate" at the company's October annual meeting following last week's firing of chief executive Mark Adamson after the second major profit ... More >>
MARKET CLOSE: NZ shares mixed, A2, Fletcher rally
Wednesday, 26 July 2017, 8:58 pm | BusinessDesk
MARKET CLOSE: NZ shares mixed, A2, Fletcher rally while Tower drops 28% on merger decline More >>
New Zealand dollar gains vs Aussie after weak CPI
Wednesday, 26 July 2017, 8:57 pm | BusinessDesk
July 26 (BusinessDesk) - The New Zealand dollar gained against the Aussie after Australian second-quarter inflation was more muted than expected and Reserve Bank governor Philip Lowe talked down the possibility of imminent rate hikes. More >>
Shareholders Assn challenges Fletcher board to re-election
Wednesday, 26 July 2017, 5:29 pm | BusinessDesk
July 26 (BusinessDesk) - The board of directors of Fletcher Building has "no choice but to seek a new mandate" at the company's October annual meeting following last week's firing of chief executive Mark Adamson after the second major profit ... More >>
Govt to auction carbon credits, raise carbon price cap
Wednesday, 26 July 2017, 4:51 pm | BusinessDesk
July 26 (BusinessDesk) - The government is preparing to reopen the New Zealand emissions trading scheme to international carbon credits, but is signalling less willingness than in the past to rely on other countries' efforts to combat climate change because ... More >>
June trade surplus $242 million, boosted by dairy exports
Wednesday, 26 July 2017, 2:41 pm | BusinessDesk
July 26 (BusinessDesk) - New Zealand reported a higher-than-expected monthly trade surplus of $242 million in June as exports were boosted by dairy sales, especially to China. More >>
