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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 391]
Southern Response asks Court to strike out class action
Wednesday, 5 July 2017, 8:44 pm | BusinessDesk
July 5 (BusinessDesk) - Southern Response Earthquake Services, the government-owned insurer, has asked the Court of Appeal to strike down a class action lawsuit from Christchurch homeowners whose claims haven't been settled six years after the earthquakes ... More >>
UPDATE: ERoad shares hit month-high
Wednesday, 5 July 2017, 5:24 pm | BusinessDesk
July 5 (BusinessDesk) - ERoad shares rose to their highest level in a month after posting its fastest quarterly sales growth in the US, where the logistics and fleet management company's high hopes for rapid expansion have been confounded by slow ... More >>
Milk fat, sheepmeat drive 2.1% gain in NZ commodity prices
Wednesday, 5 July 2017, 4:23 pm | BusinessDesk
July 5 (BusinessDesk) - New Zealand commodity prices rose 2.1 percent in June, the fourth monthly gain this year, led by milk fat products and sheepmeat, while wool, wholemilk powder, casein and aluminium fell and apples reversed some of the previous ... More >>
Te Ohu Kaimoana wants urgency for restructure legislation
Wednesday, 5 July 2017, 4:22 pm | BusinessDesk
July 5 (BusinessDesk) - Te Ohu Kaimoana wants policymakers to put legislative reform enabling an overhaul of the Māori fisheries governing body near the top of their list after the September general election. More >>
NZ closes door on worst wool season since the GFC
Wednesday, 5 July 2017, 4:02 pm | BusinessDesk
July 5 (BusinessDesk) - New Zealand just finished its worst wool season since the global financial crisis as China, the largest buyer of the fibre, switched its preference to fine wool and away from strong wool that makes up the majority of the country's ... More >>
Auckland average house price drops 3.1% in June, sales fall
Wednesday, 5 July 2017, 1:36 pm | BusinessDesk
July 5 (BusinessDesk) - Auckland's average house price fell in June from May and the number of sales also declined to the lowest for a June month in seven years, says realtor Barfoot & Thompson. More >>
ERoad quarterly US sales accelerate in June
Wednesday, 5 July 2017, 12:42 pm | BusinessDesk
July 5 (BusinessDesk) - ERoad has posted its fastest quarterly sales growth in the US, where the logistics and fleet management company's high hopes for rapid expansion have been confounded by slow uptake of the new federal compliance regime for electronic ... More >>
Tenon says cash available to shareholders after liquidation
Wednesday, 5 July 2017, 12:06 pm | BusinessDesk
July 5 (BusinessDesk) - Tenon, which is preparing to wind up as a company after agreeing to sell its remaining North American and New Zealand businesses, says it expects to have a cash surplus of about US$4.7 million to return to shareholders after liquidation. More >>
NZ dollar gains vs Aussie as RBA avoids talk of rate hikes
Wednesday, 5 July 2017, 11:31 am | BusinessDesk
July 5 (BusinessDesk) - The New Zealand dollar gained against its trans-Tasman counterpart as the Reserve Bank of Australia retained a neutral bias while keeping its cash rate unchanged yesterday, putting it at odds with major central banks that are talking ... More >>
While you were sleeping: North Korea unnerves stocks
Wednesday, 5 July 2017, 11:10 am | BusinessDesk
July 5 (BusinessDesk) - Global equities declined while gold rose amid North Korea’s claim of the country’s first successful intercontinental ballistic missile test that brings the United States within its reach. More >>
NZ property value increases keep slowing in June
Wednesday, 5 July 2017, 11:09 am | BusinessDesk
NZ property value increases keep slowing in June as tighter lending sees sales volumes slump By Paul McBeth More >>
Dairy product prices slip for second straight auction
Wednesday, 5 July 2017, 10:18 am | BusinessDesk
July 5 (BusinessDesk) - Dairy product prices eased again at the Global Dairy Trade auction, posting two straight declines for the first time since March, as prices slid for most products except whole milk powder and butter milk powder. More >>
MARKET CLOSE: NZ shares up, Spark and Westpac gain, Z falls
Tuesday, 4 July 2017, 8:48 pm | BusinessDesk
MARKET CLOSE: NZ shares up, Spark and Westpac gain while Z Energy falls on petrol study More >>
NZ dollar continues to peter out against greenback
Tuesday, 4 July 2017, 8:19 pm | BusinessDesk
July 4 (BusinessDesk) - The New Zealand dollar remained under pressure against the greenback after the Reserve Bank of Australia stuck to its neutral tone and kept rates on hold, putting the Australasian nations at odds with a growing tide of central ... More >>
Tomizone seeks A$2 mln in share issue
Tuesday, 4 July 2017, 4:35 pm | BusinessDesk
Tomizone seeks A$2 mln in share issue as boardroom shuffle puts Wolfstrike's Bailey in charge More >>
Z Energy shares fall 3.6% as fuel price study finds concerns
Tuesday, 4 July 2017, 2:22 pm | BusinessDesk
Z Energy shares fall 3.6% as fuel price study finds areas of concern in petrol pricing More >>
NZ petrol market 'may not' be competitive
Tuesday, 4 July 2017, 1:23 pm | BusinessDesk
July 4 (BusinessDesk) - New Zealand's fuel market "may not be consistent with a workably competitive market" with retail margins increasing over the past five years while more expensive petrol in the South Island and Wellington aren't explained by higher ... More >>
New Zealand business confidence steady in June quarter
Tuesday, 4 July 2017, 1:20 pm | BusinessDesk
July 4 (BusinessDesk) - New Zealand firms' optimism about the economy held firm in the June quarter, despite confidence in the building sector easing after soft construction activity at the start of the year. More >>
NZ new car sales post monthly record in June
Tuesday, 4 July 2017, 12:56 pm | BusinessDesk
July 4 (BusinessDesk) - New Zealand's monthly new car sales rose to a record in June as the ongoing themes of cheap finance and an expanding population were given a boost by the recent Fieldays event, where resurgent rural confidence spurred farmers ... More >>
NZ dollar falls as rising US bond yields
Tuesday, 4 July 2017, 11:35 am | BusinessDesk
July 4 (BusinessDesk) - The New Zealand dollar fell, dipping below 73 US cents, as US Treasury yields reached their highest levels in almost two months and manufacturing data beat expectations, driving up the greenback. More >>
