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 385]
Serko sees jump in 1H trading revenue
Tuesday, 18 July 2017, 4:43 pm | BusinessDesk
July 18 (BusinessDesk) - Online travel booking software firm Serko said it expects first half trading revenue to be 25 percent to 30 percent higher on the year, excluding gains or losses on Australian dollar revenue hedging, and reiterated it is expecting ... More >>
Callaghan's C-Prize Challenge attracts 96 entries
Tuesday, 18 July 2017, 4:08 pm | BusinessDesk
July 18 (BusinessDesk) - There were 96 entries in Callaghan Innovation's biennial C-Prize Challenge, where innovators have been invited to create the next generation of wearable technology, said Callaghan Innovation’s chief technology officer Chris ... More >>
F&P Healthcare's Gradon sells almost half his shares
Tuesday, 18 July 2017, 3:25 pm | BusinessDesk
July 18 (BusinessDesk) - Fisher & Paykel Healthcare managing director Lewis Gradon sold almost half of his shares in the medical device maker, raising about $3.1 million to help buy a house. More >>
UPDATE: NZ inflation missing in action in second quarter
Tuesday, 18 July 2017, 3:23 pm | BusinessDesk
July 18 (BusinessDesk) - New Zealand consumer prices were unchanged in the second quarter, pushing the dollar and swap rates lower as the market pared back expectations the central bank might soon join others - like the Bank of Canada - that have lifted ... More >>
Lorraine Skiffington's assets frozen
Tuesday, 18 July 2017, 3:07 pm | BusinessDesk
July 18 (BusinessDesk) - The Wellington Tenths Trust has been successful in getting some of the assets belonging to Lorraine Skiffington, the partner of convicted fraudster and former chairman Ngatata Love, frozen pending a further judgment. More >>
NZ inflation missing in action in second quarter
Tuesday, 18 July 2017, 2:01 pm | BusinessDesk
July 18 (BusinessDesk) - New Zealand consumer prices were unchanged in the second quarter as weaker fuel prices offset rises in household basics like rent, food and electricity. More >>
NZ dollar falls ahead of inflation data
Tuesday, 18 July 2017, 11:46 am | BusinessDesk
July 18 (BusinessDesk) - The New Zealand dollar fell ahead of second-quarter inflation data which is expected to come in weaker than the Reserve Bank has forecast and giving it little reason to contemplate raising interest rates anytime soon. More >>
While you were sleeping: Wall St eases from records
Tuesday, 18 July 2017, 11:12 am | BusinessDesk
July 18 (BusinessDesk) - Wall Street languished near record highs as investors awaited the latest corporate earnings such as from Netflix. More >>
Labour to Target $600M in Unpaid Taxes from Multinationals
Tuesday, 18 July 2017, 10:47 am | BusinessDesk
July 18 (BusinessDesk) - The Labour Party would target multinationals operating in New Zealand to ensure they don't avoid paying tax if it wins power and is targeting $600 million over three years through a "diverted profits tax," says leader ... More >>
Briscoe Group to join ASX from midday Sydney time Wednesday
Tuesday, 18 July 2017, 12:59 am | BusinessDesk
July 17 (BusinessDesk) - Briscoe Group said it will be admitted to the official list of the ASX, as a foreign exempt entity, from midday in Australia Wednesday and official quotation of the group's securities will begin at 11 am Sydney time Thursday. More >>
MARKET CLOSE: NZ shares up
Monday, 17 July 2017, 8:33 pm | BusinessDesk
July 17 (BusinessDesk) - New Zealand shares rose broadly, with the market led by continued gains from Summerset Holdings and Metlifecare, while smaller stock Pushpay Holdings kept rising too. More >>
NZ dollar off early highs but rangebound
Monday, 17 July 2017, 8:31 pm | BusinessDesk
July 17 (BusinessDesk) - The New Zealand dollar was off its highs after some comments from a central bank deputy governor and ahead of Tuesday's second-quarter domestic inflation data. More >>
AG won't be investigating Peter Thiel's NZ citizenship
Monday, 17 July 2017, 8:28 pm | BusinessDesk
July 17 (BusinessDesk) - The Auditor-General won't be conducting an inquiry into the decision to grant citizenship to San Francisco-based billionaire investor Peter Thiel, said deputy controller and auditor-general Greg Schollum in response to a ... More >>
NZ net foreign liabilities as share of GDP have improved
Monday, 17 July 2017, 5:35 pm | BusinessDesk
July 17 (BusinessDesk) - A large improvement in New Zealand’s net foreign liabilities as a share of gross domestic product makes the economy less vulnerable to shocks, but they are still relatively high internationally and the saving and investment ... More >>
Delegat beats case sales goal, lifts profit guidance
Monday, 17 July 2017, 4:24 pm | BusinessDesk
July 17 (BusinessDesk) - Delegat Group, New Zealand's largest listed winemaker, has lifted its operating profit guidance after a record year for case sales. More >>
Farm sales and prices inch down in three months to June
Monday, 17 July 2017, 3:37 pm | BusinessDesk
July 17 (BusinessDesk) - The number of farms sold in the three months inched down on the year as did the median price per hectare for all farms, pointing to a softening tone in the rural real estate market, the Real Estate Institute said. More >>
NZ services sector dips in June, activity/sales down
Monday, 17 July 2017, 2:20 pm | BusinessDesk
July 17 (BusinessDesk) - New Zealand's services sector, which accounts for about two-thirds of the economy, dipped slightly in June, though economists say signs are still good for economic expansion. More >>
Supreme Court dismisses Torchlight's right to appeal
Monday, 17 July 2017, 1:37 pm | BusinessDesk
July 17 (BusinessDesk) - The Supreme Court has dismissed a bid by Pyne Gould's Torchlight Fund No 1 LP and NZ Credit Fund to appeal a prior ruling that ordered it to pay more than A$30 million to Wilaci Pty in late payment fees. More >>
NZ dollar trades near 5-month high
Monday, 17 July 2017, 11:47 am | BusinessDesk
July 17 (BusinessDesk) - The New Zealand dollar traded near a five-month high after weak US inflation, retail sales and consumer sentiment figures stoked talk the Federal Reserve may not raise interest rates for the third time this year. More >>
World Week Ahead: US earnings, ECB meeting
Monday, 17 July 2017, 10:21 am | BusinessDesk
July 17 (BusinessDesk) - The latest US corporate earnings including from Bank of America and Goldman Sachs will form the focus in the coming days, as well as the European Central Bank policy meeting. More >>
