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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 396]
Govt settles on high-level EQC reforms
Monday, 26 June 2017, 5:41 pm | BusinessDesk
Govt settles on high-level EQC reforms after five-year long review, eyes 2020 implementation More >>
Woolworths sells EziBuy for undisclosed sum
Monday, 26 June 2017, 5:40 pm | BusinessDesk
June 26 (BusinessDesk) - ASX-listed supermarket chain operator Woolworths has sold New Zealand clothing and homeware retailer EziBuy for an undisclosed sum to Sydney-based investment firm Alceon Group. More >>
Stride Property promotes Philip Littlewood to CEO
Monday, 26 June 2017, 3:51 pm | BusinessDesk
June 26 (BusinessDesk) - Stride Property Group, which last month beat annual profit forecasts, has promoted Philip Littlewood to chief executive after the former GM investment management spent six months in a joint acting role with chief financial ... More >>
Appeal court strikes down Love's bid to quash conviction
Monday, 26 June 2017, 2:28 pm | BusinessDesk
June 26 (BusinessDesk) - The Court of Appeal has rejected a bid by one-time Maori luminary Ngatata Love to overturn his conviction and jail sentence for defrauding the Wellington Tenths Trust while he was chair of the iwi body. More >>
Livestock Improvement lifts stake in UK's Milk Records
Monday, 26 June 2017, 1:16 pm | BusinessDesk
June 26 (BusinessDesk) - Livestock Improvement Corp, or LIC, is to increase its holding in National Milk Records (NMR) to 17.2 percent from 2.6 percent after agreeing to subscribe for shares to allow the UK farm management recording services to fund its ... More >>
NZ King Salmon lifts annual earnings guidance
Monday, 26 June 2017, 12:22 pm | BusinessDesk
June 26 (BusinessDesk) - New Zealand King Salmon Investments expects annual earning to beat its offer document forecast on strong demand for its products and affirmed its projected profit for the following year. More >>
Sky TV, Vodafone drop $3.44 billion merger plan
Monday, 26 June 2017, 12:21 pm | BusinessDesk
June 26 (BusinessDesk) - Sky Network Television and Vodafone New Zealand have terminated their merger agreement which aimed to create the country's largest telecommunications and media group, and have withdrawn an appeal against the Commerce Commission's rejection ... More >>
Tower in trading halt as Suncorp's Vero lifts takeover tilt
Monday, 26 June 2017, 11:55 am | BusinessDesk
June 26 (BusinessDesk) - Tower shares are in a trading halt as the general insurer's board goes through the detail of an increased takeover bid from ASX-listed Suncorp Group's Vero Insurance New Zealand unit. More >>
NZ dollar edges up
Monday, 26 June 2017, 11:39 am | BusinessDesk
The kiwi was trading at 72.80 US cents as at 8am in Wellington from 72.84 cents in New York on Friday and from 72.67 cents in Asia last week. The trade-weighted index was at 78.49, little changed from last week. More >>
World Week Ahead: Eyes on Yellen
Monday, 26 June 2017, 10:05 am | BusinessDesk
June 26 (BusinessDesk) - Investors will scrutinise Tuesday’s comments by US Federal Reserve Chair Janet Yellen who’s slated to speak in London about global economic issues to gauge the likelihood of a third US interest rate rise this year. More >>
MARKET CLOSE: NZ shares fall
Friday, 23 June 2017, 8:44 pm | BusinessDesk
June 23 (BusinessDesk) - New Zealand shares dipped, with Contact Energy and Trustpower falling, while CBL Corp and Restaurant Brands rose. More >>
First NXT-listing G3 may quit the small-cap exchange
Friday, 23 June 2017, 8:43 pm | BusinessDesk
June 23 (BusinessDesk) - G3 Group is considering a plan to quit the NZX's NXT just two years after joining the market for minnows in a compliance listing. More >>
NZ dollar steady, markets looking ahead to US data
Friday, 23 June 2017, 8:43 pm | BusinessDesk
June 23 (BusinessDesk) - The New Zealand dollar was largely unchanged, holding the gains it made when the central bank held rates steady Thursday and - contrary to expectations - was relatively sanguine about the kiwi's strength. More >>
Restaurant Brands sales to exceed $700 mln in 2018
Friday, 23 June 2017, 8:42 pm | BusinessDesk
Restaurant Brands sales to exceed $700 mln in 2018 as KFC market keeps growing, CEO says More >>
NZ construction sector upbeat on infrastructure work
Friday, 23 June 2017, 8:41 pm | BusinessDesk
June 23 (BusinessDesk) - New Zealand's construction sector is increasingly upbeat about the growing infrastructure market, which will get a boost from the government's planned $32.5 billion investment over the next four years, helping offset a gloomier ... More >>
More than 400 register in Callaghan's C-Prize Challenge
Friday, 23 June 2017, 8:39 pm | BusinessDesk
June 23 (BusinessDesk) - So far more than 400 people have registered interest in entering Callaghan Innovation's biennial C-Prize Challenge, where innovators have been invited to create the next generation of wearable technology. More >>
Vector signs multi-million battery storage deal
Friday, 23 June 2017, 4:15 pm | BusinessDesk
June 23 (BusinessDesk) - Vector beat rivals to supply Australia's Territory Generation with battery storage technology in a multi-million deal for the New Zealand firm. More >>
NZ wool prices fall; crossbred fleece lowest in 7 1/2 years
Friday, 23 June 2017, 1:56 pm | BusinessDesk
June 23 (BusinessDesk) - Prices fell at New Zealand's latest weekly wool auction, with some grades hitting their lowest level in seven and a half years, amid continued lacklustre demand from China, the largest buyer of the fibre. More >>
Restaurant Brands to seek ASX dual-listing
Friday, 23 June 2017, 12:46 pm | BusinessDesk
June 23 (BusinessDesk) - Restaurant Brands, the fast food retailer, plans to dual-list on the Australian Stock Exchange by the end of September. More >>
NZ dollar rises after RBNZ maintains stance
Friday, 23 June 2017, 11:48 am | BusinessDesk
June 23 (BusinessDesk) - The New Zealand dollar rose as the Reserve Bank's latest review of interest rates kept its language intact, reassuring some market participants who saw a risk that it would paint a weaker picture of the outlook More >>
