Scoop has an Ethical Paywall
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 382]
Bethunes cancels listing with NZ Retail Propery Group
Tuesday, 25 July 2017, 12:32 pm | BusinessDesk
July 25 (BusinessDesk) - Bethunes Investments' planned reverse listing with Westgate Power Centre-subsidiary NZ Retail Property Group won't go ahead, after a roadshow didn't generate enough interest, though it is still planning a new capital raising ... More >>
Rakon Confirms Founder Robinson Won't Seek Board Re-Election
Tuesday, 25 July 2017, 12:26 pm | BusinessDesk
July 25 (BusinessDesk) - Rakon has confirmed that founder Warren Robinson is retiring from the office of director by rotation and has chosen not to offer himself for re-election at the upcoming annual meeting. More >>
Summerset Buys Land for Retirement Village in Christchurch
Tuesday, 25 July 2017, 12:24 pm | BusinessDesk
July 25 (BusinessDesk) - Summerset Group, New Zealand's best-performing retirement village stock in the past 12 months, has bought land to build a third retirement village in Christchurch, bringing its greenfield sites to seven across the country. More >>
NZ dollar little changed near 10-month high
Tuesday, 25 July 2017, 11:32 am | BusinessDesk
July 25 (BusinessDesk) - The New Zealand dollar was little changed near a 10-month high after mixed US data, close to expectations, kept the greenback near a 13-month low, while locally traders look ahead to speeches by central bank speakers here and ... More >>
While you were sleeping: Nasdaq hits record
Tuesday, 25 July 2017, 11:02 am | BusinessDesk
July 25 (BusinessDesk) - Wall Street was mixed, with the Nasdaq climbing to a record high while the Dow and S&P 500 slipped, as investors digested the latest corporate earnings on both sides of the Atlantic. More >>
Callaghan's C-Prize finalists
Monday, 24 July 2017, 9:03 pm | BusinessDesk
July 24 (BusinessDesk) - Callaghan Innovation announced the 10 finalists in its biennial C-Prize Challenge, where innovators have been invited to create the next generation of wearable technology and the winner will receive a $100,000 prize package that ... More >>
MARKET CLOSE: NZ shares rise, Stride, Warehouse Group gain
Monday, 24 July 2017, 9:01 pm | BusinessDesk
July 24 (BusinessDesk) - New Zealand shares gained, led by Stride Property and Warehouse Group, while dual-listed Westpac Banking Corp and Australia & New Zealand Banking Group fell. More >>
Caniwi commits another $26m to property portfolio
Monday, 24 July 2017, 9:01 pm | BusinessDesk
July 24 (BusinessDesk) - Wellington-based investment group Caniwi Capital has spent $26 million in two regional commercial property plays: $21 million for a specialist cool store in the so-called 'Golden Triangle between Auckland, Hamilton and Tauranga, ... More >>
NZ dollar falls from 10-month high in New York
Monday, 24 July 2017, 8:59 pm | BusinessDesk
July 24 (BusinessDesk) - The New Zealand dollar fell from the 10-month high it reached in New York on Friday as investors await offshore events for direction, in particular in Australia. More >>
Deluge misses southern hydro lakes
Monday, 24 July 2017, 8:57 pm | BusinessDesk
July 24 (BusinessDesk) - Last weekend may have been Oamaru's wettest since daily rainfall records began in 1950, but the deluge that hit eastern coastal parts of the South Island over the weekend all but missed the southern hydro lakes, which ... More >>
Warehouse agrees to sell financial services unit to SBS
Monday, 24 July 2017, 8:55 pm | BusinessDesk
July 24 (BusinessDesk) - Warehouse Group, known for its flagship 'red shed' discount department stores, is selling its financial services business to a subsidiary of SBS Bank for $18 million, although most of that will be offset by an impairment. More >>
Business lobby supports govt backdown on immigration
Monday, 24 July 2017, 3:56 pm | BusinessDesk
July 24 (BusinessDesk) - The New Zealand Manufacturers and Exporters Association (NZMEA) has come out in favour of the government's possible backtrack on immigration changes. More >>
NZ Super Fund retains A+ for responsible investment
Monday, 24 July 2017, 3:32 pm | BusinessDesk
July 24 (BusinessDesk) - The New Zealand Superannuation Fund scored an A+ rating for governance and strategy around responsible investment for the third year in a row in the latest benchmarking report from the United Nations-supported Principles ... More >>
NZ export log prices weaken as higher kiwi dollar bites
Monday, 24 July 2017, 2:47 pm | BusinessDesk
July 24 (BusinessDesk) - New Zealand export log prices generally declined over the past month as a gain in the New Zealand dollar made the country's products less competitive. More >>
Hart retains top spot in NBR Rich List
Monday, 24 July 2017, 1:41 pm | BusinessDesk
July 24 (BusinessDesk) - Graeme Hart, New Zealand's richest man, kept the top spot in this year's National Business Review Rich List while San Francisco-based billionaire investor Peter Thiel - granted citizenship in 2011 - was in second place and was ... More >>
Attempts to stall logging device rollout too soon to assess
Monday, 24 July 2017, 1:31 pm | BusinessDesk
July 24 (BusinessDesk) - ERoad says a transport lobby group is attempting to delay the US introduction of electronic logging devices for transport operators and has succeeded in getting a bill introduced to the US Congress. More >>
Future Mobility plans $1.5 mln acquisition of Lancer
Monday, 24 July 2017, 1:29 pm | BusinessDesk
July 24 (BusinessDesk) - Future Mobility Solutions, the company formerly known as SeaLegs, plans to buy Lancer Industries for $1.5 million in cash and shares as it attempts to become more competitive in the oil barge sector. More >>
Warehouse shares halted pending company announcement
Monday, 24 July 2017, 12:08 pm | BusinessDesk
July 24 (BusinessDesk) - Warehouse Group, known for its flagship 'red shed' discount department stores, had its shares halted on the New Zealand stock exchange pending an announcement by the company. More >>
World Week Ahead: Fed Meets, Eyes on Earnings
Monday, 24 July 2017, 11:40 am | BusinessDesk
July 24 (BusinessDesk) - It’s a big week for corporate earnings on both sides of the Atlantic, while Federal Reserve policy makers also gather for a two-day meeting. More >>
NZ dollar touches 10-month high
Monday, 24 July 2017, 11:40 am | BusinessDesk
July 24 (BusinessDesk) - The New Zealand dollar rose to a 10-month high amid ongoing headwinds for US president Donald Trump and a 3 percent drop in the price of crude oil. More >>
