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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 402]
Moana NZ boosts first-half profit 28%
Tuesday, 13 June 2017, 1:48 pm | BusinessDesk
June 13 (BusinessDesk) – Moana New Zealand boosted first-half profit 28 percent, even as revenue shrank by about a quarter, as the iwi-owned fishing group reaped gains from its half-stake in Sealord Group and its lobster joint venture with Port ... More >>
Spark buys marketing automation firm Ubiquity Software
Tuesday, 13 June 2017, 12:53 pm | BusinessDesk
June 13 (BusinessDesk) – Spark New Zealand has bought Auckland-based marketing automation firm Ubiquity Software for an undisclosed sum, saying it will help beef up data analytics unit Qrious. More >>
NZ dollar rises toward 3-month high vs pound
Tuesday, 13 June 2017, 12:06 pm | BusinessDesk
June 13 (BusinessDesk) – The New Zealand dollar rose against the pound, edging back toward last week's three-month high, after Moody's Investors Service said Britain's inconclusive election result could delay Brexit and erode its Aa1 credit rating. More >>
While you were sleeping: Tech stocks slide
Tuesday, 13 June 2017, 11:23 am | BusinessDesk
June 13 (BusinessDesk) – Wall Street declined as shares of tech stocks including Apple fell amid concern about valuations, while oil gained. More >>
Choking back immigration would stall the economy: English
Monday, 12 June 2017, 9:10 pm | BusinessDesk
June 12 (BusinessDesk) – Turning off the flow of new migrants would stall the economy which faces a shortage of skills to meet the growing infrastructure demands of a larger population says Prime Minister Bill English, who expects to amend the ... More >>
UPDATE: McDonald's beats Burger King to post larger profit
Monday, 12 June 2017, 8:48 pm | BusinessDesk
June 12 (BusinessDesk) – In the battle of the burgers, McDonald's has come out ahead of Burger King in New Zealand, although both fast-food chains lifted revenue and profit over the course of 2016. More >>
MARKET CLOSE: NZ shares down in subdued market
Monday, 12 June 2017, 8:47 pm | BusinessDesk
June 12 (BusinessDesk) – New Zealand shares dipped in a quiet market without Australian investors, as Investore Property fell while Sky Network Television and Metro Performance Glass rose. More >>
NZ dollar dips against the pound
Monday, 12 June 2017, 8:46 pm | BusinessDesk
June 12 (BusinessDesk) – The New Zealand dollar fell against the pound, reversing earlier gains, as British Prime Minister Theresa May's Conservative Party prepares to form a minority government. The kiwi dipped against the greenback as markets await ... More >>
Big tobacco contributes $1.7 bln to NZ government coffers
Monday, 12 June 2017, 8:45 pm | BusinessDesk
Big tobacco contributes $1.7 bln to NZ government coffers in 2016 as sales grow More >>
McDonald's NZ beats Burger King to post larger profit
Monday, 12 June 2017, 6:35 pm | BusinessDesk
June 12 (BusinessDesk) – In the battle of the burgers, McDonald's has come out ahead of Burger King in New Zealand, although both fast-food chains lifted revenue and profit over the course of 2016. More >>
NZ retail card spending falls
Monday, 12 June 2017, 2:29 pm | BusinessDesk
NZ retail card spending falls on lower grocery, liquor expenditure By Rebecca Howard June 12 (BusinessDesk) – New Zealand retail spending on electronic cards dipped in May as people dialled back expenditure on groceries and liquor. Retail spending ... More >>
NZ guest nights rise in April, boosted by Easter holidays
Monday, 12 June 2017, 2:18 pm | BusinessDesk
NZ guest nights rise in April, boosted by Easter holidays and Aussie travellers By Sophie Boot June 12 (BusinessDesk) – New Zealand national guest nights rose in April, boosted by the busy Easter holiday period. Total guest nights climbed 6.9 ... More >>
NZ economy may have expanded 0.7% in first quarter
Monday, 12 June 2017, 12:49 pm | BusinessDesk
By Rebecca Howard June 12 (BusinessDesk) – New Zealand’s economy likely continued to expand in the first quarter of this year as output in the primary industries recovered and strong population growth continued to spur the services sector, helping offset ... More >>
NZD holds near 3-month high vs pound on May's minority govt
Monday, 12 June 2017, 12:29 pm | BusinessDesk
By Jonathan Underhill June 12 (BusinessDesk) – The New Zealand dollar traded near a 3-month high against the British pound after elections left UK Prime Minister Theresa May without an outright majority and held above 72 US cents ahead of this week's ... More >>
World Week Ahead: Fed hike ahead
Monday, 12 June 2017, 11:43 am | BusinessDesk
By Margreet Dietz June 12 (BusinessDesk) – US Federal Reserve policy makers are widely expected to announce an interest rate increase at the end of their two-day meeting on Wednesday, while central banks in the UK, Japan and the Switzerland also ... More >>
Wheeler calls on BNZ to rein in top economist
Friday, 9 June 2017, 8:55 pm | BusinessDesk
'Dear Anthony': Wheeler calls on Bank of New Zealand boss to rein in top economist More >>
MARKET CLOSE: NZ shares fall due to Brexit uncertainty
Friday, 9 June 2017, 8:45 pm | BusinessDesk
June 9 (BusinessDesk) – New Zealand shares fell with turnover low as investors went into a holding pattern following the UK general election, with Comvita, Xero and Auckland International Airport declining. More >>
NZ dollar climbs vs British pound
Friday, 9 June 2017, 8:43 pm | BusinessDesk
June 9 (BusinessDesk) – The New Zealand dollar rose against the British pound as markets awaited official election results out of the UK after early exit polls pointed to a hung parliament. More >>
Commercial property stocks a better bet than Auckland houses
Friday, 9 June 2017, 4:06 pm | BusinessDesk
June 9 (BusinessDesk) – Housing investors would be better off putting their money in commercial property stocks, which provide higher yield than the slowing residential market, a broker says. More >>
DB annual profit gains 8% as brewer fattens margins
Friday, 9 June 2017, 4:04 pm | BusinessDesk
June 9 (BusinessDesk) – DB Breweries, whose managing director Andy Routley this week announced his exit, lifted annual profit 8 percent in 2016 as the country's second-biggest li More >>
