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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 401]
While you were sleeping: Fed lifts rates
Thursday, 15 June 2017, 11:09 am | BusinessDesk
June 15 (BusinessDesk) – Wall Street gave up earlier gains after the Federal Reserve announced its second interest rate increase this year, signalling another rate hike as well as a start to trimming its balance sheet this year. More >>
MARKET CLOSE: NZ shares rise
Wednesday, 14 June 2017, 8:52 pm | BusinessDesk
June 14 (BusinessDesk) – New Zealand shares rose, led by Air New Zealand, Heartland Bank and A2 Milk Co. More >>
NZ dollar dips after weak current account data
Wednesday, 14 June 2017, 8:51 pm | BusinessDesk
June 14 (BusinessDesk) – The New Zealand dollar dipped against the greenback on weaker-than-expected domestic current account data but squeezed back up over the day as investors await the news from the Federal Reserve's policy meeting and local ... More >>
Air NZ appeal on Australian cartel case rejected
Wednesday, 14 June 2017, 8:49 pm | BusinessDesk
June 14 (BusinessDesk) – Australia's High Court has dismissed appeals by Air New Zealand and PT Garuda Indonesia over a 2016 ruling that agreed surcharges on cargo breached that nation's price fixing laws. More >>
Honey no longer employed after insider trading conviction
Wednesday, 14 June 2017, 4:42 pm | BusinessDesk
June 14 (BusinessDesk) – Eroad, the logistics and fleet management software developer, says former senior employee Jeffrey Peter Honey is no longer employed by the company after his sentencing for insider trading yesterday. More >>
DairyNZ takes lead on cutting farming carbon footprint
Wednesday, 14 June 2017, 4:24 pm | BusinessDesk
June 14 (BusinessDesk) – Sector lobby group DairyNZ will take a leading role in developing a framework for dairy farmers to cut their carbon footprint as part of the government's wider response to climate change. More >>
Chow Group FY profit falls 82% on year-earlier property gain
Wednesday, 14 June 2017, 3:49 pm | BusinessDesk
June 14 (BusinessDesk) – Chow Group, the NZAX-listed vehicle controlled by John and Michael Chow, said full-year profit fell about 82 percent, reflecting the impact of a year-earlier property gain, which overshadowed revenue growth in the latest ... More >>
TruScreen widens annual loss but upbeat about FY18 revenue
Wednesday, 14 June 2017, 3:33 pm | BusinessDesk
TruScreen widens annual loss but upbeat about FY18 revenue By Rebecca Howard June 14 (BusinessDesk) – TruScreen, the NZAX-listed cervical cancer test developer, widened its annual loss on increased costs but said it expects revenue to grow “significantly ... More >>
NZ median house price rises 6.7% in May; activity slows
Wednesday, 14 June 2017, 2:22 pm | BusinessDesk
June 14 (BusinessDesk) – New Zealand's median house price rose an annual 6.7 percent in May, with four regions recording new records, although activity slowed, according to the Real Estate Institute. More >>
NZ food prices rise at fastest annual pace in six years
Wednesday, 14 June 2017, 2:20 pm | BusinessDesk
NZ food prices rise at fastest annual pace in six years as vege prices soar More >>
NZ 1Q current account surplus narrower than expected
Wednesday, 14 June 2017, 2:11 pm | BusinessDesk
June 14 (BusinessDesk) – New Zealand reported a narrower-than-expected current account surplus in the first quarter while the annual deficit widened on the back of rising imports. More >>
Chapman Tripp sees more shareholder lobbying in listed firms
Wednesday, 14 June 2017, 12:41 pm | BusinessDesk
June 13 (BusinessDesk) – New Zealand's listed companies are set to face a growing tide of shareholder activism and increased demands for accountability, law firm Chapman Tripp says. More >>
Wrightson warns wet autumn will weigh on annual earnings
Wednesday, 14 June 2017, 12:34 pm | BusinessDesk
June 14 (BusinessDesk) – PGG Wrightson, whose chief executive yesterday signalled his departure at the end of the year, warned a wet autumn sapped the performance of its seed and grain business and will weigh on annual earnings. More >>
NZD falls vs pound after strong UK inflation
Wednesday, 14 June 2017, 12:33 pm | BusinessDesk
June 14 (BusinessDesk) – The New Zealand dollar fell from a three-month high against the pound after stronger-than-expected UK inflation weakened the case for further Bank of England rate cuts and was little changed against the greenback ahead of the ... More >>
While you were sleeping: Dow rises to record
Wednesday, 14 June 2017, 10:54 am | BusinessDesk
June 14 (BusinessDesk) – Wall Street gained, pushing the Dow Jones Industrial Average to a record high, as Federal Reserve policy makers started a two-day meeting after which they are widely expected to announce an increase in interest rates. More >>
MARKET CLOSE: NZ shares edge up in light trading
Tuesday, 13 June 2017, 9:01 pm | BusinessDesk
MARKET CLOSE: NZ shares edge up in light trading, led by Air NZ, Fletcher; Xero drops More >>
NZ dollar rises to 3-month high vs pound, gains vs greenback
Tuesday, 13 June 2017, 8:59 pm | BusinessDesk
June 13 (BusinessDesk) – The New Zealand dollar rose to a three-month high against the pound on concern an unstable minority government in Britain will be in a weaker position to negotiate an exit from the European Union and may not be able to hold ... More >>
Wrightson boss Mark Dewdney to leave at the end of the year
Tuesday, 13 June 2017, 8:59 pm | BusinessDesk
June 13 (BusinessDesk) – PGG Wrightson chief executive Mark Dewdney will leave the rural services firm at the end of the year, by which time a new leadership team is expected to be in place. More >>
Bellamy's to pay Fonterra A$28M to change supply contract
Tuesday, 13 June 2017, 8:57 pm | BusinessDesk
Bellamy's to pay Fonterra A$28M to change supply contract as it struggles to crack China More >>
Vital Healthcare buys private mental hospital in Sydney
Tuesday, 13 June 2017, 8:56 pm | BusinessDesk
June 13 (BusinessDesk) – Vital Healthcare Property Trust has continued its acquisition spree with the purchase of a private mental hospital in Sydney for A$30.3 million. More >>
