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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 42]
NZ Initiative comes out swinging against labour reforms
Tuesday, 9 July 2019, 9:47 am | BusinessDesk
July 9 (BusinessDesk) - Industries with large workforces will be most at risk of being hijacked by small numbers of workers seeking nationally binding, collectively bargained employment arrangements whether or not the majority wants them, the business-backed ... More >>
MARKET CLOSE: NZ shares dip as Summerset sales fall short
Monday, 8 July 2019, 9:32 pm | BusinessDesk
July 8 (BusinessDesk) - New Zealand shares edged lower in light trading, led lower by Summerset Group after quarterly sales figures kept investors wary about the outlook for retirement stocks. More >>
UPDATE: Mercury faces $2 mln charge after losing tax dispute
Monday, 8 July 2019, 9:01 pm | BusinessDesk
(Updates to show Mercury's extra tax charge in 1st, 4th & 5th paragraphs; corrects headline; updates share price in last paragraph.) More >>
NZ dollar recovers as market positions for Fed rate cut
Monday, 8 July 2019, 8:13 pm | BusinessDesk
July 8 (BusinessDesk) - The New Zealand dollar recovered some of its losses, with markets still expecting a rate cut from the US Federal Reserve this month despite strong jobs growth there. More >>
Falling log prices may make some woodlots unprofitable - ANZ
Monday, 8 July 2019, 7:13 pm | BusinessDesk
July 8 (BusinessDesk) - In-market prices for logs in China - New Zealand's largest export market - have fallen in recent weeks and ANZ Bank warns the drop will make the harvest of some woodlots unprofitable. More >>
T&G Global inks biogas plant deal with PGF
Monday, 8 July 2019, 5:10 pm | BusinessDesk
July 8 (BusinessDesk) - T&G Global is part of a biogas plant project in the Bay of Plenty which will receive $7 million from the Provincial Growth Fund. More >>
Geo40 gets $15 mln PGF funding, eyes listing
Monday, 8 July 2019, 4:58 pm | BusinessDesk
July 8 (BusinessDesk) - Geothermal minerals specialist Geo40 is considering a listing to help fund the next stage of the firm’s growth. More >>
Mercury faces $7.4 mln charge after losing tax dispute
Monday, 8 July 2019, 3:10 pm | BusinessDesk
July 8 (BusinessDesk) - Inland Revenue has won a tax case against Mercury NZ over the tax classification of two of its turbine halls. More >>
UPDATE: Refining NZ plans country's biggest solar farm
Monday, 8 July 2019, 1:31 pm | BusinessDesk
July 8 (BusinessDesk) - Refining NZ is considering installing a 26-megawatt solar electricity generation array alongside the Marsden Point oil refinery. More >>
Refining NZ plans country's biggest solar farm
Monday, 8 July 2019, 12:47 pm | BusinessDesk
July 8 (BusinessDesk) - Refining NZ is considering installing a 26-megawatt solar electricity generation array alongside the Marsden Point oil refinery. More >>
Summerset's Q2 sales down 9.6%; says market stabilising
Monday, 8 July 2019, 11:59 am | BusinessDesk
July 8 (BusinessDesk) - Summerset Group’s second-quarter sales were down 9.6 percent from a year earlier, but the Wellington-based retirement village operator says property market sentiment has stabilised. More >>
NZ dollar falls onstrong US jobs data
Monday, 8 July 2019, 11:00 am | BusinessDesk
July 8 (BusinessDesk) - The New Zealand dollar fell after stronger-than-expected US jobs data pared expectations of a hefty rate cut by the Federal Reserve this month. More >>
MARKET CLOSE: NZ shares rise as Fonterra Fund recovers
Friday, 5 July 2019, 8:59 pm | BusinessDesk
July 5 (BusinessDesk) - New Zealand shares were led higher by a recovery in Fonterra Shareholders' Fund units after a sharp sell-off yesterday. Utilities and property investors remain in favour among investors wanting a decent yield. More >>
NZ dollar headed for 0.5% weekly fall; US jobs data in focus
Friday, 5 July 2019, 8:23 pm | BusinessDesk
NZ dollar headed for 0.5% weekly fall; US jobs data in focus By Rebecca Howard More >>
Foreign buyers to pay $3 mln over unlawful land purchase
Friday, 5 July 2019, 7:19 pm | BusinessDesk
July 5 (BusinessDesk) - Foreign buyers will end up in the red after agreeing to pay almost $3 million in penalties for purchasing rural land north of Auckland without Overseas Investment Office consent. More >>
OMV confirms COSL Prospector for GSB drilling
Friday, 5 July 2019, 6:54 pm | BusinessDesk
July 5 (BusinessDesk) - OMV has confirmed its selection of the COSL Prospector to drill in the Great South Basin this summer. More >>
Tougher bank capital rules could slice 10% from dairy profit
Friday, 5 July 2019, 3:41 pm | BusinessDesk
July 5 (BusinessDesk) - Stricter bank capital requirements would severely dent dairy farm profits if the Reserve Bank goes ahead as planned, warn dairy interests in submissions on the contentious proposals. More >>
Fonterra says nothing new behind share price slump
Friday, 5 July 2019, 12:39 pm | BusinessDesk
July 5 (BusinessDesk) - Fonterra Cooperative Group chief financial officer Marc Rivers says there was nothing new behind yesterday's slump in both its farmer-owned shares the Shareholders' Fund units. More >>
AFT signs licensing deal for Pascomer treatment
Friday, 5 July 2019, 12:37 pm | BusinessDesk
July 5 (BusinessDesk) - AFT Pharmaceuticals is eyeing a US$10 million payment from a North America licensing deal but is keeping its earnings guidance unchanged for now. More >>
NZ dollar falls below 67 US cents as markets await US jobs d
Friday, 5 July 2019, 11:08 am | BusinessDesk
July 5 (BusinessDesk) - The New Zealand dollar fell back below 67 US cents in holiday-affected trading ahead of US jobs data later in the global trading day. More >>
