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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 410]
AWF Madison bounces back from 2016 dip
Friday, 26 May 2017, 12:26 pm | BusinessDesk
May 26 (BusinessDesk) - AWF Madison Group, the country's biggest contract labour firm, has recovered from last year's dip in earnings with a 13 percent increase in annual profit in an increasingly tight labour market. More >>
NZ dollar slips as Opec production curbs disappoint
Friday, 26 May 2017, 11:45 am | BusinessDesk
May 26 (BusinessDesk) - The New Zealand dollar fell after the Organisation of Petroleum Exporting Countries agreed to extend production curbs that didn't go as far as the market had expected, driving down the price of crude oil and weighing on commodity-linked ... More >>
While you were sleeping: Retail therapy for Wall St
Friday, 26 May 2017, 11:03 am | BusinessDesk
May 26 (BusinessDesk) - Wall Street rallied, sending the S&P 500 and the Nasdaq to record highs, on better-than-anticipated earnings from retailers including Best Buy and Sears. More >>
MARKET CLOSE: NZ shares edge up as budget, earnings dominate
Thursday, 25 May 2017, 8:46 pm | BusinessDesk
May 25 (BusinessDesk) - New Zealand shares edged higher on relatively small volumes as investors were preoccupied with the government's budget and a slew of earnings, including Metro Performance Glass, which reported a boost in sales on its Australian ... More >>
NZ dollar holds up as Joyce's budget meets expectations
Thursday, 25 May 2017, 8:11 pm | BusinessDesk
May 25 (BusinessDesk) - The New Zealand dollar held above 70 US cents as Finance Minister Steven Joyce's maiden budget met investors' expectations in affirming a strong economic outlook, allowing tax adjustments and a hike in infrastructure spending. More >>
BUDGET 2017: Crown land for house-build to cost $100M
Thursday, 25 May 2017, 5:24 pm | BusinessDesk
May 25 (BusinessDesk) - The government set aside $100 million to free up unused Crown land to help cater to its house-building programme announced before today’s budget. More >>
Mental health centre of govt’s social investment package
Thursday, 25 May 2017, 5:21 pm | BusinessDesk
May 25 (BusinessDesk) - The government has put mental health at the centre of its $321 million social investment programme, which it touts as spending large up front to reduce the long-term costs of problems ailing society. More >>
BUDGET 2017: Govt ups spending on science and innovation
Thursday, 25 May 2017, 5:20 pm | BusinessDesk
May 25 (BusinessDesk) - (BusinessDesk) – Finance Minister Steven Joyce announced a $373 million increase in spending for science and innovation in a bid to help diversify the economy support more jobs and higher wages. More >>
BUDGET 2017: Rail gets better part of $1 billion
Thursday, 25 May 2017, 5:19 pm | BusinessDesk
May 25 (BusinessDesk) - New Zealand’s rail infrastructure will get the better part of $1 billion from the government with money set aside to upgrade KiwiRail’s rolling stock and infrastructure, and Wellington and Auckland’s rail networks. More >>
Govt targets $100M/year from closing offshore tax loopholes
Thursday, 25 May 2017, 5:18 pm | BusinessDesk
May 25 (BusinessDesk) - The government expects to raise at least $250 million over the next three years from closing foreign tax loopholes exploited by both multi-national corporations and New Zealand companies with offshore activities. More >>
Tax and benefits package targets low/middle income families
Thursday, 25 May 2017, 5:17 pm | BusinessDesk
May 25 (BusinessDesk) - The Budget’s $2 billion a year package of tax and accommodation benefit changes is skewed deliberately towards the lowest income families and areas where rents are highest in an election year pitch by the government to be seen to ... More >>
Transport drives $32.5 billion infrastructure spend
Thursday, 25 May 2017, 5:16 pm | BusinessDesk
May 25 (BusinessDesk) - New roads and rail upgrades will suck up about a third of the government’s $32.5 billion infrastructure spending over the next four years, draining the coffers for the foreseeable future. More >>
NZDMO lifts debt issuance by $1 billion over forecast period
Thursday, 25 May 2017, 5:14 pm | BusinessDesk
(BusinessDesk) – The New Zealand Debt Management office lifted its issuance programme by $1 billion through June 2021 compared to prior forecasts in its half year economic and fiscal update and said it plans to launch a new April 20, 2029 bond before the ... More >>
BUDGET 2017: NZ economic growth seen peaking at 3.8% in 2019
Thursday, 25 May 2017, 5:11 pm | BusinessDesk
May 25 (BusinessDesk) - (BusinessDesk) – New Zealand’s economic growth is tipped to peak in 2019, boosted by ongoing population growth, investment, and a new family incomes package announced in Finance Minister Steven Joyce’s maiden budget. Growth, ... More >>
Govt forecast surpluses narrow on family package
Thursday, 25 May 2017, 5:07 pm | BusinessDesk
May 25 (BusinessDesk) - (BusinessDesk) – The government now expects a wider surplus in the year to June than it previously forecast but then tipped narrower surpluses over the forecast period in its latest budget as a new family incomes package and ... More >>
Budget spends down future surpluses
Thursday, 25 May 2017, 5:06 pm | BusinessDesk
May 25 (BusinessDesk) - Tax cuts for every working New Zealander, targeted to low and middle income earners, more generous assistance for families and renters, and a massive spend-up on public services infrastructure mark Finance Minister Steven ... More >>
Chorus increases bank facility, pushes out maturity date
Thursday, 25 May 2017, 3:20 pm | BusinessDesk
May 25 (BusinessDesk) - Chorus, the telecommunications network operator, has increased its bank facility and pushed out the maturity date, giving it additional financial flexibility and funding certainty. More >>
SeaDragon confirms full-year loss will widen
Thursday, 25 May 2017, 2:52 pm | BusinessDesk
May 25 (BusinessDesk) - SeaDragon, which manufactures fish oils for health supplements, confirmed its 2017 annual loss would widen, in line with its previous guidance. More >>
Sanford lifts first-half profit 25%
Thursday, 25 May 2017, 1:06 pm | BusinessDesk
Sanford lifts first-half profit 25% as higher value product offsets lower prices for frozen fish More >>
Gentrack lifts first-half profit 46%
Thursday, 25 May 2017, 12:57 pm | BusinessDesk
May 25 (BusinessDesk) - Gentrack Group, the utilities software developer which has been on a buying spree, lifted first-half profit 46 percent as new utilities contracts spurred an increase in sales, offsetting a more muted period for its airports software ... More >>
