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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 399]
NZ structural log prices hit highest level in two years
Tuesday, 20 June 2017, 11:13 am | BusinessDesk
June 20 (BusinessDesk) – New Zealand structural log prices have hit their highest level in more than two decades as local mills compete with the export market to secure supply to meet demand from the domestic market. More >>
While you were sleeping: Tech stocks rebound
Tuesday, 20 June 2017, 10:53 am | BusinessDesk
June 20 (BusinessDesk) – Wall Street climbed, pushing both the Dow and the S&P 500 to record highs, amid a recovery in tech stocks including Apple. More >>
Fronde annual sales fall for second year
Monday, 19 June 2017, 8:55 pm | BusinessDesk
June 19 (BusinessDesk) – Fronde Systems Group posted a 13 percent fall in full-year revenue, the third straight annual decline, but was able to record a gain in earnings before tax after restating its 2016 results following a change in the accounting ... More >>
New timing for delayed transmission pricing tomorrow
Monday, 19 June 2017, 8:50 pm | BusinessDesk
June 19 (BusinessDesk) – The Electricity Authority will tomorrow announce a new timeline for its controversial transmission pricing plan, which was delayed after mistakes were found in analysis underpinning the modelling. More >>
MARKET CLOSE: NZ shares rise, A2 Milk at fresh high
Monday, 19 June 2017, 8:48 pm | BusinessDesk
MARKET CLOSE: NZ shares rise, A2 Milk at fresh high with Ebos, Comvita also gaining More >>
NZ dollar pushes higher against yen
Monday, 19 June 2017, 8:47 pm | BusinessDesk
June 19 (BusinessDesk) – The New Zealand dollar extended its gain against the yen, benefiting after the Bank of Japan left its ultra-loose monetary policy unchanged last week domestic data painted an upbeat outlook ahead of this week's local interest ... More >>
Spark buys back stores in attempt to connect with customers
Monday, 19 June 2017, 3:57 pm | BusinessDesk
Spark to buy back stores in attempt to connect with customers, promote Spotify and Netflix More >>
SeaDragon says customer has confirmed order for Omega-3 oil
Monday, 19 June 2017, 3:32 pm | BusinessDesk
June 19 (BusinessDesk) – SeaDragon, which manufactures fish oils for health supplements, said a customer has confirmed an order for its refined Omega-3 fish oil and it is in discussions to meet their future demand. More >>
Methven chair Phil Lough to retire next month
Monday, 19 June 2017, 3:25 pm | BusinessDesk
June 19 (BusinessDesk) – Long-serving Methven chairman Phil Lough will end nine years at the head of the tapware manufacturer's board at the end of July, handing over the reins to independent director Alison Barrass. More >>
NZ services sector activity bounces back in May
Monday, 19 June 2017, 2:50 pm | BusinessDesk
June 19 (BusinessDesk) – New Zealand's services sector, which accounts for about two-thirds of the economy, bounced back in May after a number of external factors corrected themselves. More >>
NZ consumer confidence ticks up in June quarter
Monday, 19 June 2017, 2:07 pm | BusinessDesk
June 19 (BusinessDesk) - New Zealand consumer confidence gained in the June quarter and reached its highest level since early 2015 as consumers were more upbeat about the economic outlook although they were slightly more jittery about the current economic ... More >>
Kiwi Property plans $161m capital raising
Monday, 19 June 2017, 12:43 pm | BusinessDesk
June 19 (BusinessDesk) – Kiwi Property Group, the largest property company listed on the NZX, plans to raise $161 million to fund expansion in Auckland as it sees strong growth continuing. More >>
NZ dollar edges back toward 4-month high
Monday, 19 June 2017, 11:44 am | BusinessDesk
June 19 (BusinessDesk) – The New Zealand dollar struggled to gain traction against the US dollar after weaker US housing and consumer confidence figures, as traders locally look ahead to the Reserve Bank's rates review on Thursday. More >>
World Week Ahead: US rate outlook rethink
Monday, 19 June 2017, 11:27 am | BusinessDesk
June 19 (BusinessDesk) – A host of US Federal Reserve policy makers set to speak in the coming days will be closely watched for fresh hints about the pace and timing of interest rate hikes as some investors questioned the latest increase. More >>
Ex-Powerhouse chair can't be forced off board
Friday, 16 June 2017, 8:35 pm | BusinessDesk
Ex-Powerhouse chair can't be forced off board despite being 'economical with the truth' By Jonathan Underhill More >>
MARKET CLOSE: NZ shares rise, A2 Milk hits fresh record
Friday, 16 June 2017, 8:34 pm | BusinessDesk
MARKET CLOSE: NZ shares rise, A2 Milk hits fresh record, Tegel drops on NZX 50 By Sophie Boot More >>
CORRECT: ACG to buy Intueri schools
Friday, 16 June 2017, 8:33 pm | BusinessDesk
CORRECT: ACG to buy Intueri schools out of voluntary administration for undisclosed sum (Fixes reference to receivership in headline) More >>
NZ dollar dips vs USD, gains vs yen
Friday, 16 June 2017, 8:31 pm | BusinessDesk
June 16 (BusinessDesk) – The New Zealand dollar struggled to gain traction against the US dollar after the US Federal Reserve kept intact plans for another rate hike this year while pushing higher against the yen after the Bank of Japan kept monetary ... More >>
Veritas files court proceedings over late Nosh payment
Friday, 16 June 2017, 8:31 pm | BusinessDesk
June 16 (BusinessDesk) – Veritas Investments has kicked off legal proceedings against the buyer of the upmarket Nosh Group supermarkets for late payments. More >>
Synlait Milk lowers forecast payout for 2016-17 season
Friday, 16 June 2017, 7:33 pm | BusinessDesk
Synlait Milk lowers forecast payout for 2016-17 season after fall in dairy prices Inbox More >>
