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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 40]
Government manufactures a real manufacturing crisis
Friday, 12 July 2019, 6:28 pm | BusinessDesk
Economic mismanagement and recklessness by the Government has seen a decline in business confidence that is hurting manufacturers, National’s Finance Spokesperson Paul Goldsmith says. More >>
Local travellers continue to boost guest nights in May
Friday, 12 July 2019, 4:38 pm | BusinessDesk
July 12 (BusinessDesk) - Domestic travellers continued to shore up accommodation guest nights in May, helping offset an ongoing slide in international visitors. More >>
New orders help manufacturing recover in June
Friday, 12 July 2019, 3:10 pm | BusinessDesk
July 12 (BusinessDesk) - Manufacturing activity rose in June, thanks to a recovery in new orders which ensured the sector didn’t shrink. More >>
Trustpower says dry, mild June-Qtr may trim earnings
Friday, 12 July 2019, 1:46 pm | BusinessDesk
July 12 (BusinessDesk) - Trustpower says lower than expected power prices and weaker generation may push its full-year earnings toward the bottom of its forecast range. More >>
Fewer houses sold in June says REINZ
Friday, 12 July 2019, 1:03 pm | BusinessDesk
July 12 (BusinessDesk) - Fewer houses are selling and it’s taking longer to sell them, data from the Real Estate Institute of New Zealand shows. More >>
Infratil raises guidance on earlier than expected deal
Friday, 12 July 2019, 12:45 pm | BusinessDesk
July 12 (BusinessDesk) - Infratil has lifted its 2020 full-year earnings guidance by $20 million as it expects to complete the acquisition of Vodafone NZ a month earlier than expected. More >>
NZ dollar steady as investors shrug off US CPI data
Friday, 12 July 2019, 11:23 am | BusinessDesk
July 12 (BusinessDesk) - The New Zealand dollar held its gains on expectations stronger-than-expected US inflation data won't prevent a rate cut there later this month. More >>
MARKET CLOSE: NZ stocks rise on interest rate outlook
Thursday, 11 July 2019, 9:29 pm | BusinessDesk
July 11 (BusinessDesk) - New Zealand stocks rose, joining a rally across Asia, as renewed prospects for deeper rate cuts in the US made equity investments more appealing. Dairy stocks also firmed. More >>
NZ dollar rides higher on Powell’s dovish testimony
Thursday, 11 July 2019, 8:22 pm | BusinessDesk
July 11 (BusinessDesk) - The New Zealand dollar continued to tick higher after dovish comments by US Federal Reserve chair Jerome Powell increased the prospects of deeper rate cuts there at the end of the month. More >>
Retirement village watchdog calls for clarity on rules, cost
Thursday, 11 July 2019, 5:28 pm | BusinessDesk
July 11 (BusinessDesk) - New Zealand’s government retirement village watchdog says there needs to be more clarity regarding the rules and costs of moving from independent living to rest home-type care facilities on the same site. More >>
ComCom files High Court proceedings against Westpac
Thursday, 11 July 2019, 5:02 pm | BusinessDesk
July 11 (BusinessDesk) - New Zealand's Commerce Commission has filed High Court proceedings against Westpac New Zealand. More >>
Retail card spending flat in June on lower fuel costs
Thursday, 11 July 2019, 2:35 pm | BusinessDesk
July 11 (BusinessDesk) - Consumers spent less on fuel in June but more on furniture, hardware and appliances. More >>
Michael Hill may spend A$25m on staff underpayments
Thursday, 11 July 2019, 1:48 pm | BusinessDesk
July 11 (BusinessDesk) - Michael Hill International said an initial review of its Australian retail employment contracts and rostering practices showed non-compliance with some industry requirements over the past six financial years and may cost the ... More >>
Eroad says June-qtr sales up 6%, North America strong
Thursday, 11 July 2019, 12:53 pm | BusinessDesk
July 11 (BusinessDesk) - Logistics and fleet management technology company Eroad said sales grew 6 percent in the June quarter, with growth in North America particularly strong. More >>
Ike June-qtr revenue up 26%; earnings flat
Thursday, 11 July 2019, 12:40 pm | BusinessDesk
July 11 (BusinessDesk) - Utilities measurement specialist IkeGPS reported strong first-quarter revenue but earnings dipped. More >>
Infratil's Vodafone purchase cleared by Commerce Commission
Thursday, 11 July 2019, 11:24 am | BusinessDesk
July 11 (BusinessDesk) - Infratil's plan to buy up to 50 percent of Vodafone New Zealand has been cleared by the Commerce Commission. More >>
NZ dollar pushes higher
Thursday, 11 July 2019, 11:11 am | BusinessDesk
July 11 (BusinessDesk) - The New Zealand dollar rose after US Federal Reserve chair Jerome Powell put a steep US rate cut back on the table. More >>
KPMG identifies sequencing issue in proposed scheme
Thursday, 11 July 2019, 10:37 am | BusinessDesk
July 11 (BusinessDesk) - Financially distressed banks may need to go through the controversial Open Banking Resolution process and fail before the government's proposed deposit guarantee would come into play, KPMG says. More >>
KiwiSaver withdrawals funding half of first home deposits
Thursday, 11 July 2019, 10:36 am | BusinessDesk
July 11 (BusinessDesk) - First home buyers continue to grow as a proportion of the total home mortgage market, with KiwiSaver fund withdrawals now accounting for about half the deposits used to secure a first home, according to KPMG. More >>
MARKET CLOSE: NZ stocks gain on A2 broker upgrade
Wednesday, 10 July 2019, 9:00 pm | BusinessDesk
July 10 (BusinessDesk) - New Zealand stocks gained as a strong lift in A2 Milk after a broker upgrade helped propel the index higher. More >>
