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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 427]
NZ shares slip with heightened US volatility
Friday, 21 April 2017, 8:46 am | BusinessDesk
April 20 (BusinessDesk) - New Zealand stocks declined as heightened volatility in US equity markets increases the influence of overseas investors on the local bourse. A2 Milk Co, a favourite stock among foreign investors, fell. More >>
UPDATE: Abano in spat with biggest shareholde
Friday, 21 April 2017, 8:44 am | BusinessDesk
April 20 (BusinessDesk) - Abano Healthcare Group's spat with its biggest shareholder Healthcare Partners Holdings degenerated into public accusations of lying as the parties prepare to face each other in the court room over a $566,000 bill. More >>
Cooks Global Food on track to extend coffee house network
Thursday, 20 April 2017, 3:45 pm | BusinessDesk
April 20 (BusinessDesk) - Cooks Global Food, which owns the master franchise rights for the Esquires Coffee chain outside New Zealand and Australia, says it's on track to boost its coffee house network by more than 40 percent by the end of the 2018 ... More >>
Annual NZ consumer prices rise 2.2% in 1Q
Thursday, 20 April 2017, 2:14 pm | BusinessDesk
April 20 (BusinessDesk) - New Zealand consumer prices rose at their fastest annual pace in five-and-a-half years in the first quarter of 2017 as rising fuel prices, a tax on cigarettes and tobacco and the hot housing market stoked inflation. More >>
Abano to sue biggest shareholder for takeover costs
Thursday, 20 April 2017, 2:10 pm | BusinessDesk
April 20 (BusinessDesk) - Abano Healthcare Group will sue its biggest shareholder Healthcare Partners Holdings for unpaid costs stemming from the investor's latest attempt to wrest control of the medical services investor. More >>
$30 mln kiwifruit orchard investment
Thursday, 20 April 2017, 2:09 pm | BusinessDesk
April 20 (BusinessDesk) - Maori trustee Te Tumu Paeroa and Bay of Plenty Regional Council investment arm Quayside Holdings plan to spend $30 million to build 10 kiwifruit orchards on Maori land in the next year and a half. More >>
Confident TAG Oil commits C$27.4M to capex in 2017/18
Thursday, 20 April 2017, 12:54 pm | BusinessDesk
April 20 (BusinessDesk) - Vancouver-based onshore Taranaki oil and gas explorer and producer TAG Oil is forging ahead with capital expenditure of C$27.4 million of exploration, production and work-over projects, with another C$8.4 million available if farm-in ... More >>
Restaurant Brands annual profit rise 7.8%
Thursday, 20 April 2017, 12:53 pm | BusinessDesk
April 20 (BusinessDesk) - Restaurant Brands New Zealand, the fast food operator, lifted annual profit 7.8 percent as its local KFC business generated record sales, bolstered by the recently acquired Australian KFC business, allowing directors to ... More >>
Mercury nudges up earnings guidance
Thursday, 20 April 2017, 12:06 pm | BusinessDesk
April 20 (BusinessDesk) - Mercury Energy, the electricity generator-retailer formerly known as MightyRiverPower, increased annual earnings guidance 2 percent as unseasonably strong inflows in the Waikato catchment lifted the power company's hydro generation. More >>
NZ dollar falls as weaker commodity prices weigh
Thursday, 20 April 2017, 11:42 am | BusinessDesk
April 20 (BusinessDesk) - The New Zealand dollar fell as weaker commodity prices sapped demand for currencies linked to primary production and ahead of local figures expected to show consumer prices rose at their fastest annual pace in more than five ... More >>
While you were sleeping: IBM disappoints
Thursday, 20 April 2017, 9:33 am | BusinessDesk
April 20 (BusinessDesk) - Wall Street was mixed, reflecting better-than-expected corporate earnings including from Morgan Stanley as well as disappointing results from IBM. More >>
Gregg's on the block
Thursday, 20 April 2017, 8:47 am | BusinessDesk
April 19 (BusinessDesk) - Ownership of two of New Zealand's oldest food brands, Gregg's and Raro, is up for grabs as the Japanese owner of the Cerebos businesses in New Zealand and Australia puts them up for sale. More >>
NZ dollar bounces from 7 1/2-month low
Thursday, 20 April 2017, 8:32 am | BusinessDesk
April 19 (BusinessDesk) - The New Zealand dollar bounced from a seven-and-a-half month low against the British pound after UK Prime Minister Theresa May called a snap election in an effort to seize a stronger mandate to negotiate her nation's ... More >>
NZ shares fall as Fletcher Building speculation weighs
Thursday, 20 April 2017, 8:13 am | BusinessDesk
April 19 (BusinessDesk) - New Zealand stocks fell as Fletcher Building dropped near a year-low with speculation the firm is vulnerable to a corporate raid and as global equity markets were subdued with the protracted stand-off between the US and North ... More >>
Woodhouse unveils 'Kiwis first' immigration policy
Wednesday, 19 April 2017, 3:26 pm | BusinessDesk
April 19 (BusinessDesk) - The government is committed to a "Kiwis first" immigration policy, making it harder for firms to hire overseas with new restrictions on temporary work visas for anyone earning less than the median wage, Immigration Minister Michael ... More >>
Syft Technologies moves back to Unlisted market
Wednesday, 19 April 2017, 2:47 pm | BusinessDesk
April 19 (BusinessDesk) - Syft Technologies, which makes high-tech chemical sniffer devices to test air quality, moved its share trading platform back to the Unlisted market to improve liquidity and raise its profile as it eyes a future capital raising. More >>
NZ services sector expands in March
Wednesday, 19 April 2017, 2:16 pm | BusinessDesk
April 19 (BusinessDesk) - Activity in New Zealand's services sector, which accounts for about two-thirds of the economy, expanded in March as the new orders/business sub-index pushed higher as record migration and tourism have underpinned recent gains ... More >>
NXT-listed Marlborough Wine Estates more than halves sales
Wednesday, 19 April 2017, 1:27 pm | BusinessDesk
April 19 (BusinessDesk) - NXT-listed winemaker Marlborough Wine Estates has more than halved its expected sales to a related party that's a major distribution channel in Asia. More >>
NZ dollar dives vs Sterling as UK faces snap election
Wednesday, 19 April 2017, 11:46 am | BusinessDesk
April 19 (BusinessDesk) - The New Zealand dollar fell to a seven-and-a-half-month low against the British pound after UK Prime Minister Theresa May called a snap election to seek a stronger mandate to negotiate her country's exit from the European Union. More >>
Dairy product prices advance for a third consecutive auction
Wednesday, 19 April 2017, 10:39 am | BusinessDesk
April 19 (BusinessDesk) - Dairy product prices rose at the Global Dairy Trade auction, rising for the third time in a row and offering a boost to sentiment. More >>
