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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 425]
MARKET CLOSE: NZ shares rally on A2 forecast
Wednesday, 26 April 2017, 9:24 pm | BusinessDesk
April 26 (BusinessDesk) - New Zealand shares rose, joining a global rally, with A2 Milk up after raising its full-year revenue guidance, Fletcher Building and Tegel Group climbing from their recent lows and Spark rising on demand for its attractive ... More >>
Oji suspends tender for Kinleith, Kawerau mills until June
Wednesday, 26 April 2017, 9:23 pm | BusinessDesk
April 26 (BusinessDesk) - Oji Fibre Solutions, which bought Carter Holt Harvey’s pulp, paper and packaging businesses in 2014, will put off a tender for wood processing services at its Kinleith and Kawerau mills until a full court hearing in June after ... More >>
NZ dollar falls as US tariffs on Canadian lumber raise fears
Wednesday, 26 April 2017, 9:22 pm | BusinessDesk
April 26 (BusinessDesk) - The New Zealand dollar fell as the imposition of new tariffs on Canadian lumber exports to the US stoked fears about what growing trade protections will have on trade-orientated nations. More >>
New Zealand provides dam safety expertise to Viet Nam
Wednesday, 26 April 2017, 9:21 pm | BusinessDesk
April 26 (BusinessDesk) - New Zealand will spend $5.4 million in the latest phase of a project that will this country's expertise to help ensure dam safety in Viet Nam. More >>
A2 Milk shares rise to new record on upgraded sales guidance
Wednesday, 26 April 2017, 5:22 pm | BusinessDesk
A2 Milk Co shares touched a record high after the milk marketer raised its annual revenue guidance following better-than-expected sales in the third quarter. More >>
Govt throws another $18 million at Chch hospital
Wednesday, 26 April 2017, 4:41 pm | BusinessDesk
April 26 (BusinessDesk) - Health Minister Jonathan Coleman has signed off on spending an extra $18 million for the Christchurch hospital acute services building, which is dealing with a nationwide issue of rising construction costs. More >>
NZ annual net migration shows no sign of cooling
Wednesday, 26 April 2017, 2:26 pm | BusinessDesk
April 26 (BusinessDesk) - New Zealand annual net migration hit a fresh record in the year to March as migrants continue to flock to the country. More >>
Geoff Bascand to take over as RBNZ financial stability head
Wednesday, 26 April 2017, 2:08 pm | BusinessDesk
April 26 (BusinessDesk) - Reserve Bank deputy governor Geoff Bascand will take charge of the monetary authority's financial stability function when Grant Spencer fills in as governor in September. More >>
Electricity Authority dumps transmission pricing modelling
Wednesday, 26 April 2017, 1:23 pm | BusinessDesk
April 26 (BusinessDesk) - The Electricity Authority is ditching the cost-benefit analysis at the heart of its controversial attempt to find a new way to divide up costs for the national grid after finding an expanding range of serious computational ... More >>
A2 Milk posts third-quarter sales that beat its projection
Wednesday, 26 April 2017, 12:05 pm | BusinessDesk
April 26 (BusinessDesk) - A2 Milk Co's third-quarter sales beat expectations as Chinese and Australian demand outstripped the milk marketer's projections and the company sees annual revenue jumping by almost 49 percent. More >>
NZ dollar drops vs greenback
Wednesday, 26 April 2017, 11:48 am | BusinessDesk
April 26 (BusinessDesk) - The New Zealand dollar tumbled against the greenback in a selloff of commodity-linked currencies after US President Donald Trump's administration imposed duties on Canadian softwood, and extend its slide against the euro on relief ... More >>
While you were sleeping: Caterpillar, McDonald’s rally
Wednesday, 26 April 2017, 9:43 am | BusinessDesk
April 26 (BusinessDesk) - Wall Street advanced, with the Nasdaq touching a record-high, bolstered by better-than-expected corporate results including from Caterpillar and McDonald’s. More >>
MARKET CLOSE: NZ shares rise before Anzac Day
Monday, 24 April 2017, 8:53 pm | BusinessDesk
April 24 (BusinessDesk) - New Zealand shares rose ahead of Tuesday's Anzac Day holiday. Chorus led the advance on news it will be added to the S&P/ASX 200 Index and Fletcher Building extended its gains after touching a 12-month low last week. More >>
ERoad says annual loss widened in 2017
Monday, 24 April 2017, 8:52 pm | BusinessDesk
April 24 (BusinessDesk) - ERoad says its annual loss widened in the 2017 financial year as a boost to investment in the US and changes to the way it amortises development costs weighed on the bottom line, even as sales continued to grow. More >>
NZ dollar rises against greenback on global relief
Monday, 24 April 2017, 8:51 pm | BusinessDesk
NZ dollar rises against greenback on global relief over first French vote, falls vs euro More >>
Chorus joins ASX 200 - now with 8 NZX-listed Kiwi firms
Monday, 24 April 2017, 5:10 pm | BusinessDesk
Chorus joins ASX 200, bringing to 8 the number of NZX-listed Kiwi firms in Aussie benchmark More >>
Brownlee takes Foreign Minister post in Cabinet reshuffle
Monday, 24 April 2017, 4:31 pm | BusinessDesk
April 24 (BusinessDesk) - Gerry Brownlee is to be the new Minister of Foreign Affairs, replacing Murray McCully, while Education Minister Hekia Parata will be replaced, as expected, by her current associate minister, Nikki Kaye. More >>
Environmental groups weigh action over 'flawed' hearing
Monday, 24 April 2017, 3:23 pm | BusinessDesk
April 24 (BusinessDesk) - Environmental groups Kiwis Against Seabed Mining and Greenpeace may apply for a judicial review of Trans Tasman Resources' bid to mine iron sands from the ocean floor in New Zealand's Exclusive Economic Zone, arguing the process ... More >>
Zespri forecasts record profit from Gold3 licence revenue
Monday, 24 April 2017, 3:12 pm | BusinessDesk
April 24 (BusinessDesk) - Zespri International, the country's kiwifruit export marketing body, expects to post a record profit this year due to increased revenue from the allocation of licences to grow the Gold3 variety. More >>
NZ log volumes hurt by recent stormy weather
Monday, 24 April 2017, 1:11 pm | BusinessDesk
April 24 (BusinessDesk) - New Zealand log supply will likely be curbed by recent stormy weather, as cyclones dented local production and disrupted sea freight. More >>
