Scoop has an Ethical Paywall
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 405]
MARKET CLOSE: NZ shares fall; Sky TV, ANZ, Westpac drop
Tuesday, 6 June 2017, 8:33 pm | BusinessDesk
June 6 (BusinessDesk) – New Zealand shares fell, led lower by dual-listed banks and Sky Network Television, while Air New Zealand extended last week's gains. More >>
NZ dollar gains on US dollar weakness, soft Australian data
Tuesday, 6 June 2017, 8:17 pm | BusinessDesk
June 6 (BusinessDesk) – The New Zealand dollar extended its gains against a broadly weak US dollar and rose against the Aussie after Australia's first quarter current account data disappointed investors and the Reserve Bank of Australia kept interest ... More >>
Air New Zealand wins four contracts with US Navy
Tuesday, 6 June 2017, 7:33 pm | BusinessDesk
June 6 (BusinessDesk) – Air New Zealand said its gas turbines business has won four contracts worth up to US$42 million to service and overhaul gas turbines that power much of the US Navy’s fleet. More >>
Gulf states trade deal in doubt again, says English
Tuesday, 6 June 2017, 7:08 pm | BusinessDesk
June 6 (BusinessDesk) – The long-stalled free trade agreement between New Zealand and the Gulf Cooperation Council faces further delay following the decision by other members of the GCC to break ties with Qatar over its connection to financing Iranian ... More >>
ANZ's UDC Finance boosts first half profit 11%
Tuesday, 6 June 2017, 7:02 pm | BusinessDesk
ANZ's UDC Finance boosts first half profit 11% ahead of sale to China's HNA More >>
Kiwi/Aussie parity could be back on the cards
Tuesday, 6 June 2017, 7:01 pm | BusinessDesk
June 6 (BusinessDesk) – The diverging fortunes of the Australian and New Zealand economies are once again fueling talk of parity between the two nations' currencies, although traders don't expect it to happen overnight. More >>
Xero to seek bigger directors fee pool for expanded board
Tuesday, 6 June 2017, 6:38 pm | BusinessDesk
June 6 (BusinessDesk) – Xero wants to boost its pool for directors fees 64 percent to cater for an extra two or three directors to guide what's become a much larger software company since the board's pay was last reviewed three years ago. More >>
Rival NZ petrol chains lift profits despite falling sales
Tuesday, 6 June 2017, 5:04 pm | BusinessDesk
June 6 (BusinessDesk) – New Zealand's biggest petrol chains increased their profits in 2016 despite revenue dropping, as rising oil prices made their inventories more valuable. More >>
NZ commodity prices rise 3% in May
Tuesday, 6 June 2017, 4:32 pm | BusinessDesk
By Paul McBeth June 6 (BusinessDesk) – New Zealand commodity prices rose 3.2 percent as a broad-based strength across the country's locally produced raw materials was led by the continued surge in apple and kiwifruit prices. The ANZ Commodity Price ... More >>
Local govt seeks help to replace ageing water infrastructure
Tuesday, 6 June 2017, 3:22 pm | BusinessDesk
By Pattrick Smellie June 6 (BusinessDesk) – New Zealand's local authorities face a $100 billion-plus to replace ageing water pipes, drains and sewers and will need central government assistance to meet the bill, says Local Government New Zealand, ... More >>
Murray Goulburn to rethink capital structure
Tuesday, 6 June 2017, 3:12 pm | BusinessDesk
June 6 (BusinessDesk) – Murray Goulburn Cooperative will rethink its capital structure and how it shares profits with investors in the ASX-listed MG Unit Trust as Australia's biggest milk processor seeks to revive the business after last year's slump in global ... More >>
NZ wholesale trade up 2.1% in first quarter
Tuesday, 6 June 2017, 2:44 pm | BusinessDesk
June 6 (BusinessDesk) – New Zealand wholesale trade advanced in the first quarter of 2017, with gains in basic materials such as agricultural products, petrol and timber. More >>
Value of NZ residential building work inches higher in March
Tuesday, 6 June 2017, 2:42 pm | BusinessDesk
June 6 (BusinessDesk) – The value of New Zealand residential building work inched higher in the March quarter but total building values fell, weighed by a sharp fall in non-residential construction. More >>
Auckland average house price rises 2.8% in May
Tuesday, 6 June 2017, 2:39 pm | BusinessDesk
June 6 (BusinessDesk) – Auckland's average house price rose in May from April, while sales and new listings jumped although they are still below the levels of May 2016, says realtor Barfoot & Thompson. More >>
NZ government surplus already ahead of budget forecast
Tuesday, 6 June 2017, 1:41 pm | BusinessDesk
By Paul McBeth June 6 (BusinessDesk) – The government's operating surplus came in ahead of the Treasury's forecasts in the May budget for the first 10 months of the current financial year as the corporate provisional tax take peaked a month earlier ... More >>
NZ share trading activity rises in May, even as value falls
Tuesday, 6 June 2017, 12:16 pm | BusinessDesk
June 6 (BusinessDesk) – Activity on New Zealand's stock exchange increased while the value of trading shrank in May, a month that delivered the first initial public offering of the year on the NZX. More >>
World Week Ahead: Eyes on Draghi, UK voters
Tuesday, 6 June 2017, 11:52 am | BusinessDesk
June 6 (BusinessDesk) – With Wall Street still near record highs, investors will eye European Central Bank President Mario Draghi for any signal of a pending policy tweak as well as UK elections on Thursday. More >>
NZ dollar rises to 3-month high
Tuesday, 6 June 2017, 11:51 am | BusinessDesk
June 6 (BusinessDesk) – The New Zealand dollar rose to its highest level in about three months after surprisingly weak US employment data on Friday sent the greenback lower and raised doubts about any further Federal Reserve rate hikes after the one ... More >>
While you were sleeping: Downgrade for Apple
Tuesday, 6 June 2017, 11:05 am | BusinessDesk
June 6 (BusinessDesk) – Wall Street eased from record highs, as a decline in shares of Apple weighed on sentiment. More >>
Spark to go it alone with $10-12M in annual VC investments
Friday, 2 June 2017, 8:56 pm | BusinessDesk
June 2 (BusinessDesk) - Spark New Zealand chief executive Simon Moutter's drive to create a $100 million venture capital fund backed by large New Zealand corporates has been put in the too-hard basket, but the company is committing investment of ... More >>
