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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 422]
NZ dollar gains as risk indicators improve
Tuesday, 2 May 2017, 9:03 pm | BusinessDesk
NZ dollar gains as risk indicators improve, may not sustain gains as FOMC, payrolls loom More >>
Icebreaker promotes Greg Smith to CEO
Tuesday, 2 May 2017, 9:03 pm | BusinessDesk
May 2 (BusinessDesk) - Icebreaker has promoted Australasian manager Greg Smith to chief executive and says Rob Fyfe will become non-executive chairman of the merino wool clothing company. More >>
Productivity Commission to look at low carbon economy
Tuesday, 2 May 2017, 9:02 pm | BusinessDesk
May 2 (BusinessDesk) - The Productivity Commission's next big investigation will be how the country can make the most from transitioning to a low carbon economy. More >>
New car sales driven higher by commercial vehicles in April
Tuesday, 2 May 2017, 9:01 pm | BusinessDesk
May 2 (BusinessDesk) - New Zealand's new vehicle sales continued to rise in April, driven by a record number of commercial cars sold for the month, says the Motor Industry Association. More >>
Countdown sales rise 2.1% in March quarter on rising prices
Tuesday, 2 May 2017, 8:59 pm | BusinessDesk
May 2 (BusinessDesk) - ASX-listed Woolworths' New Zealand supermarket chain Countdown increased sales 2.1 percent in the March quarter as it benefited from rising prices and its tie-up with the AA Smartfuel loyalty scheme. More >>
Former Feltex shareholder can appeal to Supreme Court
Tuesday, 2 May 2017, 5:23 pm | BusinessDesk
May 2 (BusinessDesk) - Former Feltex Carpets shareholder Eric Houghton has been granted leave by the Supreme Court to challenge a Court of Appeal ruling that dismissed his long-running suit against the promoters and directors of the failed carpet-maker. More >>
Scales lifts dividend for 2016, upbeat on outlook
Tuesday, 2 May 2017, 5:22 pm | BusinessDesk
May 2 (BusinessDesk) - Scales Corp lifted its final dividend for 2016, when earnings were bolstered by a series of acquisitions, and is optimistic about the coming year even without earlier tailwinds. More >>
Affco's application for judicial review an 'abuse of process'
Tuesday, 2 May 2017, 3:41 pm | BusinessDesk
May 2 (BusinessDesk) - Affco New Zealand's application for a judicial review of an Employment Court ruling that it unlawfully locked out meat workers when collective bargaining was taking place has been rejected by the Court of Appeal, which says ... More >>
NZ Super eyes Aussie rural land & diversification from dairy
Tuesday, 2 May 2017, 3:37 pm | BusinessDesk
May 2 (BusinessDesk) - The New Zealand Superannuation Fund, which has bought up 21 local dairy farms as part of its push into rural land investment, is looking outside the dairy sector for its next foray, eyeing land used for beef and permanent crops ... More >>
ANZ New Zealand's first-half earnings rise 24%
Tuesday, 2 May 2017, 3:04 pm | BusinessDesk
May 2 (BusinessDesk) - ANZ New Zealand, the local unit of Australia & New Zealand Banking Group, lifted first-half earnings 24 percent on a modest pickup in the lender's banking business and strong trading conditions from its institutional arm. More >>
ANZ New Zealand's first-half earnings rise 24%
Tuesday, 2 May 2017, 2:21 pm | BusinessDesk
May 2 (BusinessDesk) - ANZ New Zealand, the local unit of Australia & New Zealand Banking Group, lifted first-half earnings 24 percent on a modest pickup in the lender's banking business and strong trading conditions from its institutional arm. More >>
NZ dollar gains, snapping 5-day slide
Tuesday, 2 May 2017, 11:48 am | BusinessDesk
May 2 (BusinessDesk) - The New Zealand dollar rose, snapping a five-day decline, after weaker-than-expected US manufacturing a construction data and a key measure of risk appetite fell to its lowest level since before the global financial crisis. More >>
While you were sleeping: Nasdaq climbs to fresh high
Tuesday, 2 May 2017, 10:00 am | BusinessDesk
May 2 (BusinessDesk) - Wall Street climbed, sending the Nasdaq to a fresh record high, amid optimism about corporate earnings such as from Apple, while US Treasuries declined. More >>
MARKET CLOSE: NZ shares edge up, led by Air NZ
Monday, 1 May 2017, 9:05 pm | BusinessDesk
May 1 (BusinessDesk) - New Zealand shares rose on renewed enthusiasm for Heartland Bank and news Air New Zealand has tapped former Prime Minister John Key for its board, while Fletcher Building and Chorus fell. More >>
NZ dollar slide may be near end
Monday, 1 May 2017, 9:04 pm | BusinessDesk
NZ dollar slide may be near end with local data likely to show robust labour market More >>
Ports of Auckland buys out Nexus Logistics partner
Monday, 1 May 2017, 9:03 pm | BusinessDesk
May 1 (BusinessDesk) - Ports of Auckland has bought out its joint venture partner in the Nexus Logistics entity set up just two-and-a-half years ago to provide logistics and distribution services around the country. More >>
Former PM John Key tapped to join Air New Zealand board
Monday, 1 May 2017, 9:02 pm | BusinessDesk
May 1 (BusinessDesk) - Former Prime Minister John Key has been tapped to join the board of Air New Zealand, his first public appointment since stepping down on Dec. 5. More >>
Forager sees strong share gain for NZME if merger approved
Monday, 1 May 2017, 9:01 pm | BusinessDesk
Forager sees strong share gain for NZME if merger approved, less downside if it isn't More >>
FMA calls Serious Fraud Office into Forestlands probe
Monday, 1 May 2017, 8:59 pm | BusinessDesk
May 1 (BusinessDesk) - The Financial Markets Authority has called in the Serious Fraud Office to look at some aspects of its ongoing probe of the Forestlands forestry investment group of companies. More >>
UPDATE: Intueri shares fall 52% to 1 cent
Monday, 1 May 2017, 4:45 pm | BusinessDesk
UPDATE: Intueri shares fall 52% to 1 cent after company says nothing for shareholders after bank repaid More >>
