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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 416]
NZ first quarter retail sales rise, driven by car sales
Monday, 15 May 2017, 2:23 pm | BusinessDesk
May 15 (BusinessDesk) - New Zealand retail sales rose in the first quarter, powered higher by a surge in car sales. More >>
Ryman to build sixth retirement village in Australia
Monday, 15 May 2017, 2:05 pm | BusinessDesk
May 15 (BusinessDesk) - Ryman Healthcare, New Zealand's biggest listed retirement village operator, announced plans for a sixth village in Australia, a $100 million development in the Victorian city of Geelong. More >>
NZ services sector activity slows near 5-year low
Monday, 15 May 2017, 2:03 pm | BusinessDesk
May 15 (BusinessDesk) - New Zealand's services sector, which accounts for about two-thirds of the economy, shuffled along at its slowest pace in almost five years as a combination of school holidays and unseasonably wet weather were seen as weighing ... More >>
NZ Racing Board inks agreements to develop betting business
Monday, 15 May 2017, 1:10 pm | BusinessDesk
May 15 (BusinessDesk) - The New Zealand Racing Board, the national bookie which operates the TAB, has inked agreements with two overseas listed companies to develop its fixed-odds betting business and enable it to better compete with international rivals. More >>
Trustpower annual profit climbs 37% post-Tilt demerger
Monday, 15 May 2017, 12:46 pm | BusinessDesk
May 15 (BusinessDesk) - Trustpower lifted annual profit 37 percent as the electricity generator-retailer's earnings were bolstered by strong hydro production and favourable prices in Australia, and a full-year contribution from King Country Energy. More >>
NZ dollar little changed near key support level
Monday, 15 May 2017, 11:50 am | BusinessDesk
May 15 (BusinessDesk) - The New Zealand dollar starts the week little changed near a key support level that hasn't been seriously breached in about 11 months following weaker headline US inflation figures and a flat interest rate track from the Reserve ... More >>
World Week Ahead: Equities in holding pattern
Monday, 15 May 2017, 9:51 am | BusinessDesk
May 15 (BusinessDesk) - As Wall Street continues to hover near record highs, investors will eye speeches by several Federal Reserve officials this week for fresh clues on the timing and pace of further interest rate increases as well as a start date ... More >>
Labour to 'ring-fence' property investor losses
Monday, 15 May 2017, 9:50 am | BusinessDesk
May 15 (BusinessDesk) - Property investors will no longer be able to offset income in other areas against losses declared on residential property investments under new tax policy worth around $150 million a year and announced by Labour leader Andrew ... More >>
MARKET CLOSE: NZ stocks fall on profit taking
Friday, 12 May 2017, 8:41 pm | BusinessDesk
May 12 (BusinessDesk) - New Zealand stocks fell as some investors opted to take profits on a few stock like A2 Milk and as sentiment was weighed on by a slide in global markets, although both Xero and Z Energy continued to push higher after positive ... More >>
NZ dollar trades below key support level
Friday, 12 May 2017, 8:40 pm | BusinessDesk
May 12 (BusinessDesk) - The New Zealand dollar is heading for a 0.5 percent weekly decline, having tumbled yesterday after a 'dovish' Reserve Bank statement and traders said the kiwi could extend its decline if it ends the week below a key support level. More >>
Goodman Property JV to buy central Auckland office building
Friday, 12 May 2017, 6:37 pm | BusinessDesk
May 12 (BusinessDesk) - Goodman Property Trust's joint venture with Singapore government-owned GIC has agreed to buy Bayleys House, a recently completed office building in central Auckland, for $62 million, Goodman Ltd, the trust's manager, said. More >>
RBNZ sees slower credit growth as lenders compete
Friday, 12 May 2017, 6:36 pm | BusinessDesk
May 12 (BusinessDesk) - The Reserve Bank expects credit growth to slow as banks fight more aggressively for deposits to fund their expanding loan books. More >>
NZ manufacturing activity dips in April
Friday, 12 May 2017, 1:57 pm | BusinessDesk
May 12 (BusinessDesk) - New Zealand's manufacturing activity eased in April but remains in expansionary territory. More >>
NZ wool auction prices continue to lag behind last year
Friday, 12 May 2017, 1:46 pm | BusinessDesk
May 12 (BusinessDesk) - New Zealand's wool market continued to trade at weak levels at the latest auction. More >>
NZ median house price eases in April, number of sales tumble
Friday, 12 May 2017, 1:10 pm | BusinessDesk
May 12 (BusinessDesk) - New Zealand's median house price eased slightly in April and while prices held up better outside the nation's largest city of Auckland, the number of sales took a tumble as wet weather and holidays curbed buyer interest, ... More >>
TeamTalk puts off CityLink fibre capex in deals
Friday, 12 May 2017, 1:08 pm | BusinessDesk
May 12 (BusinessDesk) - TeamTalk expects to have more cash on hand after reaching two deals to slim down and put off major capital spending on its CityLink fibre network. More >>
Warehouse posts 1.7% gain in third-quarter sales
Friday, 12 May 2017, 12:39 pm | BusinessDesk
May 12 (BusinessDesk) - Warehouse Group, the country's second-biggest listed retailer, posted a slower rate of sales growth in the third quarter as it made changes to its business. Still, the company affirmed it's on track to meet its forecast annual profit. More >>
AFT's Maxigesic tablet sales more than triple in 2017
Friday, 12 May 2017, 12:08 pm | BusinessDesk
May 12 (BusinessDesk) - AFT Pharmaceuticals more than tripled sales of its flagship Maxigesic tablet in the 2017 financial year and anticipates more growth as it taps new markets. More >>
NZ dollar gains from 11-month low
Friday, 12 May 2017, 11:28 am | BusinessDesk
May 12 (BusinessDesk) - The New Zealand dollar rose from an 11-month low in the wake of yesterday's monetary policy review where the Reserve Bank kept its projection for interest rates to be unchanged until late 2019. More >>
While you were sleeping: US retailers tumble
Friday, 12 May 2017, 11:15 am | BusinessDesk
May 12 (BusinessDesk) - Wall Street fell after disappointing results from Macy’s sent retail stocks lower and offered concern about US consumer spending. More >>
