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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 403]
First NZ cuts Auckland Airport target price
Friday, 9 June 2017, 3:28 pm | BusinessDesk
June 9 (BusinessDesk) – First NZ Capital cut its 12-month target price on Auckland International Airport on concern the company's major capital project to cope with growing demand will limit returns from the transport hub's regulated asset base. More >>
NZ dollar jumps vs broadly weaker pound
Friday, 9 June 2017, 2:03 pm | BusinessDesk
By Rebecca Howard June 9 (BusinessDesk) – The New Zealand dollar lurched higher against the British pound after initial exit polls suggested a hung parliament in the UK, potentially delaying Britain's departure from the European Union and stalling ... More >>
NZ wool prices fall; second-shear wool hits 7-year low
Friday, 9 June 2017, 1:42 pm | BusinessDesk
By Tina Morrison June 9 (BusinessDesk) – Prices fell at New Zealand's latest weekly wool auction, with some grades hitting their lowest level in more than seven years, amid continued lacklustre demand from China, the largest buyer, and as a higher kiwi ... More >>
NZ dollar touches new 3-month high
Friday, 9 June 2017, 11:37 am | BusinessDesk
June 9 (BusinessDesk) – The New Zealand dollar edged higher, touching a new three-month high, as investors largely shrugged off testimony by former US Federal Bureau of Investigation chief James Comey and after the European Central Bank was more upbeat ... More >>
While you were sleeping: Wall St retreats from records
Friday, 9 June 2017, 11:06 am | BusinessDesk
June 9 (BusinessDesk) – Wall Street was mixed, after earlier touching record highs, as investors assessed the impact of testimony by recently-fired FBI Director James Comey to Congress. More >>
MARKET CLOSE: NZ shares down, Sanford, Xero drop
Thursday, 8 June 2017, 8:35 pm | BusinessDesk
MARKET CLOSE: NZ shares down, Sanford, Xero drop while Sky TV gains ahead of UK More >>
Govt questions future of NZ Venture Investment Fund
Thursday, 8 June 2017, 8:13 pm | BusinessDesk
June 8 (BusinessDesk) – The government is looking at a range of options for the New Zealand Venture Investment Fund, including discontinuing funding, Economic Development Minister Simon Bridges told a parliamentary committee. More >>
NZ dollar edges up vs Aussie on weak Australian data
Thursday, 8 June 2017, 8:11 pm | BusinessDesk
NZ dollar edges up vs Aussie on weak Australian data; all eyes on ECB, UK, Comey More >>
TIL Group beefs up North Island presence
Thursday, 8 June 2017, 8:10 pm | BusinessDesk
June 8 (BusinessDesk) – Transport Investments Ltd has expanded its North Island presence with the purchase of logistics firm NZL Group which it says will operate the privately-held transport group under the same brand and with the same staff. More >>
Palmerston North gets the pies in Goodman Fielder rejig
Thursday, 8 June 2017, 8:09 pm | BusinessDesk
Palmerston North gets the pies in Goodman Fielder rejig that will shutter two South Auckland factories More >>
Debt-to-income limit of five times would cut risk of crash
Thursday, 8 June 2017, 8:07 pm | BusinessDesk
RBNZ says debt-to-income limit of five times would be cut risk of housing crash More >>
Auckland Airport CEO downplays criticism of new pricing
Thursday, 8 June 2017, 8:06 pm | BusinessDesk
June 8 (BusinessDesk) – Auckland International Airport's new landing charges strike a fair balance says chief executive Adrian Littlewood, downplaying criticism from the Board of Airlines Representatives that the charges are "unjustifiably high". More >>
Entrepreneur visa attracts 300 applicants
Thursday, 8 June 2017, 8:04 pm | BusinessDesk
June 8 (BusinessDesk) – The government's global impact visa designed to attract young entrepreneurs has received 300 applicants from more than 50 countries hoping to fill the 100 spots in the first year of the four-year pilot programme, says Immigration ... More >>
FMA details methods KiwiSaver managers can use to show fees
Thursday, 8 June 2017, 3:25 pm | BusinessDesk
June 8 (BusinessDesk) – The Financial Markets Authority will allow KiwiSaver fund managers to use one of two methods to show how much they are charging people to manage their funds. More >>
KiwiRail board backed diesel engines to keep customers
Thursday, 8 June 2017, 1:41 pm | BusinessDesk
By Paul McBeth June 8 (BusinessDesk) – KiwiRail's board sided with diesel engines over electric last year for a number of reasons including customer retention in the face of temporary line closures for electricification, Transport Minister Simon Bridges. ... More >>
Auckland Airport announces $1.8B infrastructure spend
Thursday, 8 June 2017, 12:51 pm | BusinessDesk
June 8 (BusinessDesk) – Auckland International Airport announced plans to invest $1.8 billion in aeronautical infrastructure by 2022 and said over the next five years its average international passenger charges will reduce by 1.7 percent in real terms ... More >>
Telco Commissioner Stephen Gale reappointed
Thursday, 8 June 2017, 12:42 pm | BusinessDesk
June 8 (BusinessDesk) – Communications Minister Simon Bridges has reappointed incumbent Telecommunications Commissioner Stephen Gale to the role for another three years, saying he provides “stability and continuity” at a time where the sector ... More >>
Mercury lifts 2017 earnings guidance a third time
Thursday, 8 June 2017, 12:19 pm | BusinessDesk
June 8 (BusinessDesk) – Mercury Energy, the electricity generator-retailer formerly known as MightyRiverPower, raised its 2017 earnings guidance for a third time based on increased hydro generation in the Waikato catchment. More >>
NZ dollar rises to 6-week high vs euro before ECB
Thursday, 8 June 2017, 11:54 am | BusinessDesk
June 8 (BusinessDesk) – The New Zealand dollar rose to a six-week high against the euro ahead of a European Central Bank meeting that may see hints of a move to more normal monetary policy. It rose against the greenback as testimony from former ... More >>
While you were sleeping: Wall St gains, oil falls
Thursday, 8 June 2017, 11:19 am | BusinessDesk
June 8 (BusinessDesk) – Wall Street gained, while oil prices fell on a government report showing a buildup in US crude stockpiles. More >>
