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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 426]
Gentrack buys controlling stakes in airport software firms
Monday, 24 April 2017, 12:58 pm | BusinessDesk
April 24 (BusinessDesk) - Gentrack Group wants to double earnings from its airport software business by 2019 after buying controlling stakes in two European companies for some $19.8 million. More >>
NZ dollar drops vs euro on optimism Macron will prevail
Monday, 24 April 2017, 11:51 am | BusinessDesk
April 24 (BusinessDesk) - The New Zealand dollar declined against the euro after French centrist politician Emmanuel Macron and the far-right Marine Le Pen made it through the first round of the presidential election, with optimism Macron will garner ... More >>
World Week Ahead: US tax reform, corporate earnings
Monday, 24 April 2017, 11:20 am | BusinessDesk
April 24 (BusinessDesk) - A slew of US corporate earnings including those of Alphabet and Amazon, US President Donald Trump’s “big announcement” on tax reform, as well as central bank meetings in the eurozone and Japan will form a key focus this ... More >>
MARKET CLOSE: NZ shares join Asia rally
Saturday, 22 April 2017, 1:18 pm | BusinessDesk
April 21 (BusinessDesk) - New Zealand shares joined a rally across Asia as stock markets took their lead from Wall Street on a day when firms posted better-than-expected earnings. Dual-listed stocks Australia & New Zealand Banking Group and Trade ... More >>
NZ dollar unwinds some gains against Aussie
Saturday, 22 April 2017, 1:16 pm | BusinessDesk
April 21 (BusinessDesk) - The New Zealand dollar unwound yesterday's gains against the Australian dollar but still ended the week higher, despite improving iron ore prices giving the Aussie a boost. More >>
Wellington Drive first-quarter sales climb 30%
Friday, 21 April 2017, 7:42 pm | BusinessDesk
April 21 (BusinessDesk) - Wellington Drive Technologies, which makes energy efficient motors and control systems for commercial refrigerators, lifted first-quarter sales 30 percent as the company's focus on Latin America continues to underpin its long ... More >>
Goldsmith, Seymour eye more robust regulatory analysis
Friday, 21 April 2017, 7:41 pm | BusinessDesk
April 21 (BusinessDesk) - Regulatory Reform Minister Paul Goldsmith and his under-secretary David Seymour want government officials to provide more robust regulatory analysis under a tighter framework to avoid poor advice typically undermined by seeking a ... More >>
UPDATE: NPT shareholders reject property deal
Friday, 21 April 2017, 7:40 pm | BusinessDesk
April 21 (BusinessDesk) - NPT shareholders voted against a property deal between Kiwi Property Group and NPT and voted in favour of board changes. More >>
NPT shareholders reject property deal and spill board
Friday, 21 April 2017, 7:39 pm | BusinessDesk
April 21 (BusinessDesk) - NPT shareholders voted against a property deal between Kiwi Property Group and NPT and voted in favour of board changes. More >>
Consumer confidence eases in April, remains above average
Friday, 21 April 2017, 4:27 pm | BusinessDesk
April 21 (BusinessDesk) - New Zealand consumer confidence eased in April, weighed by a slowdown in the property market and growing expectations that interest rates will rise. More >>
Invest South takes stake in Bison Group
Friday, 21 April 2017, 4:09 pm | BusinessDesk
April 21 (BusinessDesk) - Funds from private-equity fund Invest South and other investors will provide a capital base for continued growth as Dunedin-based BISON Group looks to expand its international footprint, the company's chief executive said. More >>
Open Country delivers record profit
Friday, 21 April 2017, 3:55 pm | BusinessDesk
April 21 (BusinessDesk) - Open Country Dairy, New Zealand's second-largest milk processor, posted a record profit last year as it sold more high-value products and strengthened its balance sheet. More >>
Restaurant Brands staff to go on first strike in a decade
Friday, 21 April 2017, 3:19 pm | BusinessDesk
April 21 (BusinessDesk) - Half of Restaurant Brands New Zealand's 4,000-strong workforce is set to walk off the job tomorrow after negotiations for a new collective agreement broke down. More >>
NZ Super Fund writes off investment in Ogin
Friday, 21 April 2017, 2:44 pm | BusinessDesk
April 21 (BusinessDesk) - The New Zealand Superannuation Fund has completely written off the value of its investment in US wind turbine company Ogin which is in the process of being wound down. More >>
Farmers hold back wool from auction
Friday, 21 April 2017, 1:24 pm | BusinessDesk
April 21 (BusinessDesk) - Less wool than forecast was offered at New Zealand's weekly auction as farmers held back bales from sale in anticipation prices may lift in the future. More >>
TPP minus US starting to gain ground
Friday, 21 April 2017, 12:27 pm | BusinessDesk
April 21 (BusinessDesk) - The Japanese government is picking up the pace on reviving the Trans-Pacific Partnership trade and investment deal, with talks scheduled next month among the 11 countries left in the pact after the withdrawal by the US after ... More >>
NZ dollar unwinds inflation jump
Friday, 21 April 2017, 11:46 am | BusinessDesk
April 21 (BusinessDesk) - The New Zealand dollar unwound most of yesterday's gain from faster-than-expected inflation as Dallas Federal Reserve president Robert Kaplan affirmed his view that the world's biggest central bank will lift rates another two ... More >>
While you were sleeping: American Express rallies
Friday, 21 April 2017, 10:14 am | BusinessDesk
April 21 (BusinessDesk) - Wall Street climbed, bolstered by better-than-expected corporate earnings such as from American Express. More >>
NZ bond yields push higher after inflation
Friday, 21 April 2017, 8:49 am | BusinessDesk
April 20 (BusinessDesk) - The spread between New Zealand's longer-dated bonds and their US equivalent increased as higher-than-expected domestic inflation helped solidify market expectations the central bank will be lifting rates sooner that it's forecasting. More >>
NZ dollar gets lift from higher-than-expected inflation
Friday, 21 April 2017, 8:48 am | BusinessDesk
April 20 (BusinessDesk) - The New Zealand dollar gained after consumer prices rose at their fastest annual pace in five-and-a-half years in the first quarter of 2017, marking the first time inflation has hit the mid-point of the central bank's 1 percent-to-3 ... More >>
