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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 395]
MARKET CLOSE: NZX 50 hits record as Comvita downplays rust
Tuesday, 27 June 2017, 8:52 pm | BusinessDesk
MARKET CLOSE: NZX 50 hits record as Comvita downplays rust outbreak; Tower gains on takeover More >>
NZ dollar rises above 73 US cents
Tuesday, 27 June 2017, 8:22 pm | BusinessDesk
NZ dollar rises above 73 US cents, seen as outperformer in face of weak greenback More >>
Kiwifruit industry to create 29,000 new jobs by 2030
Tuesday, 27 June 2017, 8:19 pm | BusinessDesk
Kiwifruit industry to create 29,000 new jobs by 2030, add $3.5B to annual GDP, new report says More >>
MFAT needs to open up to outside help, modern management
Tuesday, 27 June 2017, 6:53 pm | BusinessDesk
June 27 (BusinessDesk) - New Zealand's foreign ministry is stuck in the past with its approach to career management, skills deployment and information management, says a review of its performance that finds a bruising period of internal restructuring ... More >>
Tower board backs increased Vero takeover
Tuesday, 27 June 2017, 6:27 pm | BusinessDesk
June 27 (BusinessDesk) - Tower's board is backing the increased takeover bid from Suncorp Group-owned Vero Insurance New Zealand, provided the $236 million offer wins approval from local regulators. More >>
Callaghan names six firms to run founder incubator services
Tuesday, 27 June 2017, 4:49 pm | BusinessDesk
June 27 (BusinessDesk) - Callaghan Innovation has signed up six firms to run founder incubator services in an effort to encourage more start-ups across regional New Zealand. More >>
Exports rise to 3-year high in May, as dairy prices increase
Tuesday, 27 June 2017, 3:09 pm | BusinessDesk
June 27 (BusinessDesk) - New Zealand's merchandise exports rose to their highest monthly level in more than three years in May as the country benefited from rising prices for dairy exports to China. More >>
Ex-PwC boss Bruce Hassall to join Fonterra board in November
Tuesday, 27 June 2017, 2:52 pm | BusinessDesk
June 27 (BusinessDesk) - Former PwC chief executive Bruce Hassall will add Fonterra Cooperative Group to his list of corporate directorships when the joins the board of the country's biggest company in November. More >>
Tourism Minister Bennett appoints infrastructure fund panel
Tuesday, 27 June 2017, 2:34 pm | BusinessDesk
June 27 (BusinessDesk) - Tourism Minister Paula Bennett has named a seven-strong panel to oversee the $100 million tourism infrastructure fund that's designed to help the regions cope with the demands of record numbers of foreign visitors. More >>
Comvita shares rise after CEO downplays myrtle rust risk
Tuesday, 27 June 2017, 2:32 pm | BusinessDesk
June 27 (BusinessDesk) - Comvita shares rose to a two-week high after the honey health products maker downplayed the risk posed to the manuka honey industry by the Myrtle Rust fungal disease. More >>
NZ farmer confidence jumps to a record high
Tuesday, 27 June 2017, 2:11 pm | BusinessDesk
June 27 (BusinessDesk) - New Zealand farmer confidence and investment intentions jumped to record levels in the second quarter of this year, buoyed by improved commodity prices. More >>
RBNZ, polling weakly with ordinary Kiwis
Tuesday, 27 June 2017, 2:09 pm | BusinessDesk
June 27 (BusinessDesk) - The Reserve Bank, which has faced criticism for its engagement with the media and financial analysts, has turned to social media to sell its message after polling showed ordinary Kiwis don't hold the bank in high regard. More >>
Govt approves ComCom 'market studies'
Tuesday, 27 June 2017, 2:07 pm | BusinessDesk
June 27 (BusinessDesk) - The Commerce Commission will get the power to conduct proactive 'market studies' to help it pinpoint emerging competition issues but decisions on long-standing recommendations to reform the market abuse test in the Commerce Act ... More >>
NZX signals days are numbered for NXT small cap experiment
Tuesday, 27 June 2017, 12:59 pm | BusinessDesk
June 27 (BusinessDesk) - NZX, New Zealand's dominant financial marketplace, is likely to consolidate its three equity markets onto a single board after its smaller cap markets failed to find support. More >>
Tegel pretax earnings near bottom of revised guidance
Tuesday, 27 June 2017, 12:34 pm | BusinessDesk
June 27 (BusinessDesk) - Tegel Group, New Zealand's biggest poultry producer, posted a 0.8 percent gain in full-year pretax earnings as weaker pricing eroded the benefits of record sales. More >>
NZ dollar little changed as US growth eyed, Yellen awaited
Tuesday, 27 June 2017, 11:51 am | BusinessDesk
June 27 (BusinessDesk) - The New Zealand dollar was little changed, having gained overnight following weak US data, as investors continue to weigh the pace of growth in the world's biggest economy and await a speech from Federal Reserve chair Janet ... More >>
While you were sleeping: Durable goods disappoint
Tuesday, 27 June 2017, 11:13 am | BusinessDesk
Wall Street was mixed, while US Treasuries rose amid concern the pace of economic growth might ease. More >>
MARKET CLOSE: NZ shares rise in light volume trade
Monday, 26 June 2017, 8:45 pm | BusinessDesk
MARKET CLOSE: NZ shares rise in light volume trade, led by Spark, Z; Sky TV falls More >>
NZ dollar little changed near 4-month high
Monday, 26 June 2017, 8:07 pm | BusinessDesk
June 26 (BusinessDesk) - The New Zealand dollar was little changed near a four-month high and may struggle to push much higher because of the sheer weight of bets on a rise which traders say put the kiwi at more risk of a correction. More >>
Bendon posts wider loss despite better sales
Monday, 26 June 2017, 7:32 pm | BusinessDesk
June 26 (BusinessDesk) - Underwear maker Bendon, owned by NBR Rich Lister Eric Watson, has disclosed mounting losses related to tax adjustments as a proposed merger with Nasdaq-listed Naked Brand Group draws nearer. More >>
