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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 406]
MARKET CLOSE: NZ shares gain on global wave
Friday, 2 June 2017, 8:55 pm | BusinessDesk
June 2 (BusinessDesk) - New Zealand shares rose, led by Fletcher Building and Restaurant Brands, as global equity markets rallied. More >>
NZ dollar up against Aussie, steady against USD
Friday, 2 June 2017, 8:54 pm | BusinessDesk
June 2 (BusinessDesk) - The New Zealand dollar continued to gain slightly against the Aussie, despite an improvement in iron ore prices, and held steady against the greenback ahead of key US jobs data. More >>
First NZ - Air NZ target price 19%
Friday, 2 June 2017, 8:52 pm | BusinessDesk
June 2 (BusinessDesk) - First NZ Capital lifted its 12-month target price on Air New Zealand to $2.50 from $2.10 but lowered its rating to 'underperform' from 'neutral' based on its updated valuation and current share price. More >>
Clearance rates remain low at weekly wool auctions
Friday, 2 June 2017, 4:42 pm | BusinessDesk
June 2 (BusinessDesk) - New Zealand's wool market remained weak at the latest South Island auction as tepid off-shore interest and the stronger New Zealand dollar weighed on clearance. More >>
Carbon markets unfazed by news Trump pulls out of Paris deal
Friday, 2 June 2017, 3:28 pm | BusinessDesk
June 2 (BusinessDesk) - Carbon markets in Europe and in New Zealand are taking news the US will put out of the Paris Agreement in their stride as countries around the world reaffirm their commitment to the accord. More >>
Online start-up seeks to open Chinese export doors
Friday, 2 June 2017, 1:18 pm | BusinessDesk
June 2 (BusinessDesk) - Small New Zealand businesses may get a leg-up from a new online start-up which seeks to overcome the barriers faced by niche exporters trying to access the Chinese market. More >>
Cultural barriers create issues for Chinese start-ups
Friday, 2 June 2017, 1:14 pm | BusinessDesk
June 2 (BusinessDesk) - Chinese-led angel investors Zino Ventures wants to overcome cultural and communication barriers that are clogging up the ability of start-ups to attract backing. More >>
NZX board doesn't support election of Falkenstein
Friday, 2 June 2017, 1:04 pm | BusinessDesk
June 2 (BusinessDesk) - NZX's board told shareholders it doesn't support the election of Tony Falkenstein as one of its directors at its annual meeting later this month, saying it doesn't believe he would add sufficient additional skills, depth or experience ... More >>
NZ dollar extends gains vs Aussie on weak iron ore
Friday, 2 June 2017, 12:13 pm | BusinessDesk
NZ dollar extends gains vs Aussie on weak iron ore, China demand, falls vs greenback More >>
While you were sleeping: US jobs, manufacturing lift
Friday, 2 June 2017, 10:46 am | BusinessDesk
June 2 (BusinessDesk) - Wall Street climbed to record highs as the latest US jobs and manufacturing data bolstered expectations that the pace of economic growth will justify a Federal Reserve interest rate increase this month. More >>
MARKET CLOSE: NZ shares rise, Air NZ at 16-year high
Thursday, 1 June 2017, 8:46 pm | BusinessDesk
MARKET CLOSE: NZ shares rise, Air NZ at 16-year high and Restaurant Brands hits record after investor updates More >>
NZ dollar outshines Aussie as China data weighs
Thursday, 1 June 2017, 8:45 pm | BusinessDesk
June 1 (BusinessDesk) - The New Zealand dollar touched a fresh four-month high against its Australian counterpart after the Aussie was weighed by China's Caixin manufacturing performance index. More >>
NZ Binxi builds 20% stake in Blue Sky Meats
Thursday, 1 June 2017, 8:44 pm | BusinessDesk
NZ Binxi builds 20% stake in Blue Sky Meats, may revisit takeover after getting OIO signoff More >>
UPDATE: Gov't announces final details of Telco Act reform
Thursday, 1 June 2017, 4:36 pm | BusinessDesk
June 1 (BusinessDesk) - Telcos have responded positively to news the government announced the final details of the reform package for the Telecommunications Act that refines regulatory settings that will apply to fibre and copper fixed line services from ... More >>
Air NZ lifts full-year guidance on lower jet-fuel prices
Thursday, 1 June 2017, 3:33 pm | BusinessDesk
June 1 (BusinessDesk) - Air New Zealand lifted its full-year guidance at an investor day presentation as it benefits from lower jet fuel prices and improving revenue. More >>
Vital Healthcare buys Sydney hospital, land for A$23.5 m
Thursday, 1 June 2017, 3:12 pm | BusinessDesk
June 1 (BusinessDesk) - Vital Healthcare Property Trust bought a rehabilitation hospital and adjacent land in Sydney for A$23.5 million, continuing its expansion of healthcare properties. More >>
NZ terms of trade rises to 44-year high
Thursday, 1 June 2017, 3:11 pm | BusinessDesk
June 1 (BusinessDesk) - New Zealand's terms of trade rose to the highest level in about 44 years in the first quarter as export prices rose more than three times faster than imports, led by dairy and forest products. More >>
Coats to enter FTSE 250 from June 19
Thursday, 1 June 2017, 2:45 pm | BusinessDesk
June 1 (BusinessDesk) - Coats Group, the UK-based threadmaker that grew out of diversified investor Guinness Peat Group, will enter the FTSE 250 as of June 19, it said in a statement. More >>
Restaurant Brands first-quarter sales jump 67%
Thursday, 1 June 2017, 2:08 pm | BusinessDesk
June 1 (BusinessDesk) - Restaurant Brands New Zealand boosted first-quarter sales by 67 percent after the fast-food operator expanded to Australia, Hawaii, Guam and Saipan. More >>
Intueri in voluntary administration
Thursday, 1 June 2017, 12:48 pm | BusinessDesk
June 1 (BusinessDesk) - Intueri Education Group has been placed into voluntary administration after a strategic review garnered an offer for its operating assets that is less than the value of its debt. More >>
