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BusinessDesk - Latest News [Page 404]

Media and advertisers facing ongoing industry disruption

Thursday, 8 June 2017, 10:36 am | BusinessDesk

June 8 (BusinessDesk) – Media businesses and advertisers are struggling to keep up with changing audience behaviour across the globe and New Zealand is no exception, according to PwC's global entertainment and media outlook 2017-2021. More >>

MARKET CLOSE: NZ shares fall, led by Sky TV

Wednesday, 7 June 2017, 8:42 pm | BusinessDesk

MARKET CLOSE: NZ shares fall, led by Sky TV; Steel & Tube drops while Xero extends gain More >>

R&D spend main measure of success for Callaghan Innovation

Wednesday, 7 June 2017, 8:18 pm | BusinessDesk

June 7 (BusinessDesk) – The government's principal means of evaluating the success of Callaghan Innovation, the agency tasked with accelerating the commercialisation of innovation, is how much businesses are spending on research and development, Science ... More >>

NZ dollar falls vs Aussie

Wednesday, 7 June 2017, 8:13 pm | BusinessDesk

June 7 (BusinessDesk) – The New Zealand dollar fell against the Australian dollar when gross domestic product data across the Tasman wasn't as weak as some analysts had been expecting, dashing chances of an immediate run at parity. More >>

Ken Harris sells NZL to recycle capital into ContainerCo

Wednesday, 7 June 2017, 8:12 pm | BusinessDesk

June 7 (BusinessDesk) – Wellington businessman Ken Harris has sold NZL Group 10 years after leading a management buy-out of the transport and logistics firm and plans to recycle the funds into container depot operator ContainerCo (NZL), which ... More >>

Govt looks at special purpose vehicles to fund Akl Council

Wednesday, 7 June 2017, 8:11 pm | BusinessDesk

Govt looks at special purpose vehicles to fund Akl Council past debt limits to support housing More >>

Smaller current account deficit a 'structural' change: Joyce

Wednesday, 7 June 2017, 8:09 pm | BusinessDesk

June 7 (BusinessDesk) – New Zealand's shrinking current account deficit is the result of a structural shift where local firms have adapted to a strong kiwi dollar and are taking advantage of opportunities in Asia, says Finance Minister Steven Joyce. More >>

Prospective buyer of Harvard's dairy farms yet to lodge OIO application

Wednesday, 7 June 2017, 4:17 pm | BusinessDesk

By Paul McBeth June 7 (BusinessDesk) – The Overseas Investment Office hasn't yet received an application from the reported buyer of Harvard University's 5,500-head dairy farms in the South Island. US private equity firm KKR & Co was reported ... More >>

PVL liquidator must put up $2.6M security

Wednesday, 7 June 2017, 4:12 pm | BusinessDesk

By Jonathan Underhill June 7 (BusinessDesk) – The liquidator of Property Ventures Ltd (PLV) must put up $2.6 million as security of costs in its $302 million lawsuit against PricewaterhouseCoopers and former directors of the failed property development ... More >>

NZ cow slaughter rate may have hit new record in May

Wednesday, 7 June 2017, 3:30 pm | BusinessDesk

June 7 (BusinessDesk) – New Zealand's cow slaughter season got off to a slow start this year as good conditions prompted farmers to keep milking for longer, however that led to a wave of demand for slaughter late in the season that could have seen ... More >>

Frucor's long-running tax dispute heading for 2018 hearing

Wednesday, 7 June 2017, 2:33 pm | BusinessDesk

June 7 (BusinessDesk) – Frucor Beverage's long-running battle with the Inland Revenue Department over the use of convertible notes more than a decade ago is set to hit the courtroom in 2018. More >>

NZ first-quarter manufacturing volumes fall

Wednesday, 7 June 2017, 2:31 pm | BusinessDesk

June 7 (BusinessDesk) – The volume of New Zealand's manufacturing sales fell for a second straight quarter in the first three months of this year, but the values rose due to higher prices. More >>

Cutting peak hours traffic congestion

Wednesday, 7 June 2017, 2:17 pm | BusinessDesk

June 7 (BusinessDesk) – The government is investigating whether Auckland road users should pay higher tolls for using certain roads at peak times in order to reduce congestion. More >>

DB Breweries head Andy Routley to step down

Wednesday, 7 June 2017, 1:04 pm | BusinessDesk

June 7 (BusinessDesk) – DB Breweries managing director Andy Routley is stepping down from the role to take up a new position with parent company Heineken as managing director B2B Europe. He will be replaced on Aug. 21 by Peter Simons, who is currently ... More >>

Joyce & Spencer sign unchanged policy targets agreement

Wednesday, 7 June 2017, 12:39 pm | BusinessDesk

By Jonathan Underhill June 7 (BusinessDesk) – Finance Minister Steven Joyce and deputy Reserve Bank governor Grant Spencer have signed an unchanged policy targets agreement to cover the six-month transition after governor Graeme Wheeler departs ... More >>

Fliway cuts earnings guidance

Wednesday, 7 June 2017, 12:33 pm | BusinessDesk

By Paul McBeth June 7 (BusinessDesk) – Fliway Group cut annual earnings guidance as growing capacity constraints squeeze the listed transport and logistics firm's margins, even as revenue grows with rising transport volumes. Net profit is expected ... More >>