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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 41]
NZ dollar continues slide ahead of Powell testimony
Wednesday, 10 July 2019, 8:58 pm | BusinessDesk
July 10 (BusinessDesk) - The New Zealand dollar fell as the greenback gained ahead of US Federal Reserve chair Jerome Powell’s congressional testimony. More >>
Restaurant Brands eyes $45 mln underlying profit
Wednesday, 10 July 2019, 7:24 pm | BusinessDesk
July 10 (BusinessDesk) - Fast-food operator Restaurant Brands New Zealand is expecting profit growth of at least 6 percent this year as the firm benefits from new store openings. More >>
Home batteries could play key role in grid management
Wednesday, 10 July 2019, 5:29 pm | BusinessDesk
July 10 (BusinessDesk) - Household battery electricity storage could play an important role in managing the pressures increased solar and electric vehicle use may put on the country’s power system, Transpower says. More >>
National property values up 1.7% in year to June - REINZ
Wednesday, 10 July 2019, 4:51 pm | BusinessDesk
July 10 (BusinessDesk) - National property values rose 1.7 percent in the year to June and would have been up 6.5 percent had Auckland been stripped out, the Real Estate Institute of New Zealand's latest House Price Index shows. More >>
Annual food prices inch up 0.5% in June
Wednesday, 10 July 2019, 2:52 pm | BusinessDesk
July 10 (BusinessDesk) - New Zealand food prices lifted 0.5 percent in the year to June, bolstered by higher prices for restaurant meals and ready-to-eat food. Rental inflation remained steady. More >>
Cyber security issues down in Q1, still second highest
Wednesday, 10 July 2019, 1:41 pm | BusinessDesk
The number of cyber security issues reported in the March quarter fell 26 percent from the prior quarter but was still the second highest to date, the government's Computer Emergency Response Team said. More >>
Vital Healthcare portfolio value rises 5.9%
Wednesday, 10 July 2019, 1:39 pm | BusinessDesk
July 10 (BusinessDesk) - Vital Healthcare Property Trust said the value of its portfolio increased by 5.9 percent, or $102.4 million, for the year ended June 30, reflecting two recently completed projects in Australia. More >>
OGOG offers 25% premium in NZOG buyout
Wednesday, 10 July 2019, 1:05 pm | BusinessDesk
July 10 (BusinessDesk) - OG Oil & Gas has offered a 25 percent premium to buy out minority holders in New Zealand Oil and Gas. More >>
PaySauce Q2 growth strong as customer numbers climb
Wednesday, 10 July 2019, 12:01 pm | BusinessDesk
July 10 (BusinessDesk) - Payroll software provider PaySauce saw strong growth in the second quarter as the number of New Zealand workers receiving their pay through its software continued to climb. More >>
NZ dollar hovers around 66 US cents
Wednesday, 10 July 2019, 11:13 am | BusinessDesk
July 10 (BusinessDesk) - The New Zealand dollar is hovering around 66 US cents ahead of US Federal Reserve chair Jerome Powell's testimony to Congress but continues to gain against the Aussie. More >>
Fiduciary duties highlighted
Wednesday, 10 July 2019, 10:32 am | BusinessDesk
July 10 (BusinessDesk) - Fund managers say the growing market for responsible investment may bring potential conflicts with their fiduciary duty toward clients. More >>
MARKET CLOSE: NZ shares fall on prospect of smaller US cut
Tuesday, 9 July 2019, 8:51 pm | BusinessDesk
MARKET CLOSE: NZ shares fall as prospect of smaller US rate cut knocks yield stocks More >>
NZ dollar rises against Aussie
Tuesday, 9 July 2019, 8:24 pm | BusinessDesk
July 9 (BusinessDesk) - The New Zealand dollar rose against its Australian counterpart after weak business confidence data across the Tasman. More >>
Scott says forward orders strong, Europe variable
Tuesday, 9 July 2019, 8:23 pm | BusinessDesk
July 9 (BusinessDesk) - Industrial automation specialist Scott Technology says its forward order book remains strong despite restrained investment in Europe due to the ongoing uncertainty around Brexit. More >>
Mitre 10 looks to Australia for new chief executive
Tuesday, 9 July 2019, 8:22 pm | BusinessDesk
July 9 (BusinessDesk) - Mitre 10 New Zealand's board has hired Australian auto retailing veteran Chris Wilesmith as its new chief executive. More >>
Biosecurity NZ steps up war on brown marmorated stink bug
Tuesday, 9 July 2019, 2:13 pm | BusinessDesk
July 9 (BusinessDesk) - Biosecurity New Zealand is stepping up its war on the brown marmorated stink bug. More >>
Car importers welcome new scheme, wary on emission target
Tuesday, 9 July 2019, 2:08 pm | BusinessDesk
July 9 (BusinessDesk) - New car importers have welcomed government measures to reduce emissions from the transport fleet, but warn one of the initiatives - a proposed clean car standard - may not be as effective as hoped. More >>
Responsible investment rises as market matures, survey finds
Tuesday, 9 July 2019, 1:42 pm | BusinessDesk
July 9 (BusinessDesk) - The level of responsible investment in New Zealand grew 2.5 percent to $188 billion last year indicating the market has matured after two years of rapid growth, says the Responsible Investment Association of Australasia. More >>
TruScreen falls short of goal, raises $1 million
Tuesday, 9 July 2019, 12:32 pm | BusinessDesk
July 9 (BusinessDesk) - TruScreen secured $1 million before costs in its latest capital raising, falling short of its $2 million goal. More >>
NZ dollar dips ahead of Fed chair Powell's testimony
Tuesday, 9 July 2019, 11:20 am | BusinessDesk
July 9 (BusinessDesk) - The New Zealand dollar was weaker as investors continued to pare back expectations of a hefty US interest rate cut at the end of the month. More >>
