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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 424]
Metlifecare buys Botany site for new $140 million village
Friday, 28 April 2017, 12:19 pm | BusinessDesk
April 28 (BusinessDesk) - Metlifecare has bought a 2.4 hectare site in Auckland's Botany suburb which it plans to spend $140 million developing into a 160-unit retirement village. More >>
SkyCity posts 4% dip in 3Q revenue as Australia struggles
Friday, 28 April 2017, 12:06 pm | BusinessDesk
April 28 (BusinessDesk) - SkyCity Entertainment Group posted a 4 percent decline in third-quarter sales as its Australian businesses in Darwin and Adelaide continued to struggle while its flagship Auckland casino dealt with flat gaming revenue and ... More >>
NZ dollar falls as commodity prices weaken
Friday, 28 April 2017, 11:57 am | BusinessDesk
April 28 (BusinessDesk) - The New Zealand dollar fell to a 10-month low as weaker commodity prices restrained the currencies of countries that export raw materials, while the European Central Bank kept its policy settings unchanged as expected. More >>
While you were sleeping: PayPal jumps
Friday, 28 April 2017, 10:18 am | BusinessDesk
April 28 (BusinessDesk) - Wall Street rose, pushing the Nasdaq to another record high, amid better-than-expected corporate earnings including from PayPal. More >>
MARKET CLOSE: NZ stocks gain
Thursday, 27 April 2017, 9:00 pm | BusinessDesk
April 27 (BusinessDesk) - New Zealand shares rose, as Fletcher Building benefited from government plans to beef up infrastructure spending, A2 Milk continued to climb after upbeat guidance and SkyCity Entertainment Group and Xero continued to recover ... More >>
NZ dollar rises from four-month low
Thursday, 27 April 2017, 9:00 pm | BusinessDesk
NZ dollar rises from four-month low as Trump agrees to put off axing Nafta More >>
Summerset to grapple with ripple effect from caregiver wage
Thursday, 27 April 2017, 8:59 pm | BusinessDesk
April 27 (BusinessDesk) - Summerset Group's board came under pressure regarding its plans for wage-earners who won't benefit from a recent government-funded lift in caregiver wages at its annual meeting in Wellington, but said it plans to be proactive. More >>
Navis Capital sees $40-$80M capex for Mainland Poultry
Thursday, 27 April 2017, 8:57 pm | BusinessDesk
April 27 (BusinessDesk) - Navis Capital, a private equity firm with about US$5 billion of investments, says there would be between $40 million and $80 million of capital expenditure required for Mainland Poultry, building a company with export opportunities ... More >>
Rising tax take gives government more wiggle room
Thursday, 27 April 2017, 8:56 pm | BusinessDesk
April 27 (BusinessDesk) - New Zealand's rising tax take, which was up 7.7 percent in the year to Feb. 28, has given the government room to beef up its infrastructure spending programme and target an aggressive debt reduction target, says Finance Minister ... More >>
Joyce flags infrastructure spend
Thursday, 27 April 2017, 4:09 pm | BusinessDesk
April 27 (BusinessDesk) - Finance Minister Steven Joyce kept mum on potential tax cuts in announcing a boost to spending on transport infrastructure over the four years, in part to cover the rebuild of State Highway 1 in the South Island, while ... More >>
Dairy expansion will hit limits, must chase value
Thursday, 27 April 2017, 3:20 pm | BusinessDesk
April 27 (BusinessDesk) - Primary Industries Minister Nathan Guy says there is a limit to further dairy intensification in New Zealand and growing exports in the future will depend more on increasing the value of products rather than the volume. More >>
Urban water dirtiest, but decline greatest in rural water
Thursday, 27 April 2017, 2:34 pm | BusinessDesk
April 27 (BusinessDesk) - Urban areas have the biggest problem with polluted freshwater, but rural areas are showing a faster-declining trend in the quality of fresh water in lakes, rivers and streams, says the first report on New Zealand's freshwater resources ... More >>
Synlait Milk gets FDA 'GRAS' notice for lactoferrin
Thursday, 27 April 2017, 1:51 pm | BusinessDesk
April 27 (BusinessDesk) - Synlait Milk said it has gained a GRAS (Generally Recognised As Safe) notice from the US Food and Drug Administration to export lactoferrin to the US for use in infant and toddler milk formula. More >>
Air NZ increases capacity as passengers rise in March
Thursday, 27 April 2017, 1:49 pm | BusinessDesk
April 27 (BusinessDesk) - National carrier Air New Zealand beefed up domestic capacity in the face of rising passenger numbers, particularly on Auckland-to-Queenstown routes which showed up in higher domestic passenger movements in Auckland International ... More >>
Navis Capital acquires majority stake in Mainland Poultry
Thursday, 27 April 2017, 1:19 pm | BusinessDesk
April 27 (BusinessDesk) - Private equity firm Navis Capital has acquired a majority stake in Mainland Poultry, whose businesses include New Zealand’s biggest egg producer, and is reportedly interested in buying Freshmax, the Australian-registered, NZ-based ... More >>
Promisia gets R&D funding from Callaghan
Thursday, 27 April 2017, 1:17 pm | BusinessDesk
April 27 (BusinessDesk) - Promisia Integrative, which makes a dietary supplement for sore joints, will receive funds from Callaghan Innovation for research and development for a new supplement for canines. Its shares surged 19 percent to 3.8 cents. More >>
Unfiltered appoints Kevin Roberts chair, Rob Fyfe director
Thursday, 27 April 2017, 12:07 pm | BusinessDesk
April 27 (BusinessDesk) - Unfiltered Media, whose subscribers can access long-form interviews with business leaders and entrepreneurs, has appointed ad man Kevin Roberts and Icebreaker boss Rob Fyfe to its board, with Roberts taking the chair. More >>
AWF plays down price spike query after shares jump
Thursday, 27 April 2017, 12:04 pm | BusinessDesk
April 27 (BusinessDesk) - AWF Madison Group, the country's largest contract labour firm, played down an inquiry into a recent share price spike that's seen the stock trade near a three-and-a-half year high. More >>
NZ dollar hits four-month low on Trump tax plan
Thursday, 27 April 2017, 11:32 am | BusinessDesk
April 27 (BusinessDesk) - The New Zealand dollar dropped to a four-month low as US President Donald Trump unveiled his much-vaunted tax reform plans, while trade-orientated nations came under pressure on reports the US plans to quit the North American Free ... More >>
While you were sleeping: Concern about Trump's tax plans
Thursday, 27 April 2017, 10:22 am | BusinessDesk
April 27 (BusinessDesk) - Wall Street gave up some of its earlier gains after the US administration’s unveiling of tax cut plans fell short on details. More >>
