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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 428]
While you were sleeping: Goldman Sachs, J&J disappoint
Wednesday, 19 April 2017, 10:24 am | BusinessDesk
April 19 (BusinessDesk) - Wall Street slid amid disappointing results including from Goldman Sachs and Johnson & Johnson. More >>
MARKET CLOSE: NZ stocks inch higher
Wednesday, 19 April 2017, 9:17 am | BusinessDesk
April 18 (BusinessDesk) - New Zealand stocks edged higher as interest in high-yielding stocks including Trustpower and several property companies was offset by some portfolio reshuffling after the Oceania Healthcare initial public offering weighed on stocks ... More >>
Immigration tweaks Wednesday, Cabinet reshuffle next week
Wednesday, 19 April 2017, 9:12 am | BusinessDesk
April 18 (BusinessDesk) - Immigration Minister Michael Woodhouse will announce “tweaks” to the immigration system, Prime Minister Bill English told his post-Cabinet media conference. More >>
Fletcher break-up talk resurfaces after recent share slump
Tuesday, 18 April 2017, 8:22 pm | BusinessDesk
April 18 (BusinessDesk) - Speculation about a break-up or buyout of Fletcher Building has re-emerged with investment banks said to be working on pitches on the other side of the Tasman, according to an Australian media report. More >>
NZ dollar rises to 2-week high on TWI basis
Tuesday, 18 April 2017, 8:20 pm | BusinessDesk
April 18 (BusinessDesk) - The New Zealand dollar rose to a two-week high on a trade-weighted basis on expectations tonight's dairy auction will be the third in a row to produce rising prices, while the consumers prices index on Thursday will likely show inflation ... More >>
Govt agrees $2 bln pay equity package
Tuesday, 18 April 2017, 7:47 pm | BusinessDesk
April 18 (BusinessDesk) - The government will implement a historic pay equity pay deal for aged and residential care workers worth $2.05 billion of extra pay for some 55,000 people – close to 2 percent of the total New Zealand workforce. More >>
Minister appoints two new Electricity Authority members
Tuesday, 18 April 2017, 5:34 pm | BusinessDesk
Energy Minister Judith Collins has appointed two new members to the Electricity Authority, both with extensive knowledge of the Australian electricity system and one a pioneer of New Zealand's wholesale electricity markets in the 1990s. More >>
Annual inflation tipped to hit mid-point of RBNZ's target
Tuesday, 18 April 2017, 5:06 pm | BusinessDesk
April 18 (BusinessDesk) - Higher food and fuel prices are expected to propel annual inflation to 2 percent in the first quarter, marking the first time it will hit the mid-point of the central bank's target range in five-and-a-half years. More >>
Matrix Capital sells to Silicon Valley's TCV
Tuesday, 18 April 2017, 4:11 pm | BusinessDesk
April 18 (BusinessDesk) - US hedge fund Matrix Capital Management sold down its stake in Wellington-based software developer Xero, selling to Silicon Valley tech investor TCV More >>
Allan Hawkins' finance companies lose appeal
Tuesday, 18 April 2017, 3:12 pm | BusinessDesk
April 18 (BusinessDesk) - The High Court has upheld a ruling that former 1980s highflyer Allan Hawkins' Budget Loans and Evolution Finance misled 21 borrowers while enforcing loan contracts and sided with the Commerce Commission that 19 charges that were tossed ... More >>
NZ farmgate milk price may lift next season
Tuesday, 18 April 2017, 1:40 pm | BusinessDesk
April 18 (BusinessDesk) - New Zealand dairy farmers are likely to get a higher payout from milk processors next season as global output remains subdued while demand picks up in China, underpinning prices, according to agri banking specialist Rabobank. More >>
Warehouse to sell Newmarket property for $65 million
Tuesday, 18 April 2017, 12:56 pm | BusinessDesk
April 18 (BusinessDesk) - Warehouse Group has entered into an unconditional contract to sell its Newmarket property in Auckland for $65 million and said the proceeds will be used to reduce debt. More >>
Orion Health signs five-year, $9.3M deal in Dorset
Tuesday, 18 April 2017, 12:20 pm | BusinessDesk
April 18 (BusinessDesk) - Orion Health signed a $9.3 million five-year contract to license its Amadeus precision medicine platform to Dorset County Council in England as the software developer fends off suggestions its chief executive should step aside ... More >>
NZ dollar gains vs yen after failed North Korea missile test
Tuesday, 18 April 2017, 12:02 pm | BusinessDesk
April 18 (BusinessDesk) - The New Zealand dollar rose against the yen as tensions over the Korean peninsula failed to rattle financial markets and measures of risk appetite improved. More >>
World Week Ahead: US earnings on radar
Tuesday, 18 April 2017, 9:53 am | BusinessDesk
April 18 (BusinessDesk) - The latest US quarterly earnings are firmly in focus in another shortened trading week. More >>
CORRECT: NZ stocks fall; Tegel hurt by price war
Saturday, 15 April 2017, 1:50 pm | BusinessDesk
April 13 (BusinessDesk) - New Zealand shares fell, led by Tegel Group, after government figures showed chicken prices may be suffering from rivalry among suppliers. Restaurant Brands and SkyCity Entertainment Group were among leading decliners as ongoing geopolitical ... More >>
MARKET CLOSE: NZ stocks fall
Friday, 14 April 2017, 8:57 am | BusinessDesk
April 13 (BusinessDesk) - New Zealand shares fell, led by Tegel Group, after government figures showed chicken prices may be suffering from rivalry among suppliers. Restaurant Brands and SkyCity Entertainment Group were among leading decliners as ongoing geopolitical ... More >>
NZ dollar gains after Trump says greenback 'too strong'
Friday, 14 April 2017, 8:55 am | BusinessDesk
The New Zealand dollar rebounded after US President Donald Trump said in an interview that the greenback was getting too high and he would prefer US interest rates to stay low. The kiwi fell against the Aussie after stronger-than-expected jobs data ... More >>
Too many customers in play for Sky, Voda merger
Friday, 14 April 2017, 8:54 am | BusinessDesk
April 13 (BusinessDesk) - The government-sponsored roll-out of a national telecommunications fibre network was among the complicating factors against a tie-up between pay-TV operator Sky Network Television and telecommunications group Vodafone New Zealand ... More >>
Trustpower: strong Aus. generation lifted FY17 earnings
Friday, 14 April 2017, 8:51 am | BusinessDesk
April 13 (BusinessDesk) - Trustpower, the electricity generator-retailer which spun out its wind development into the separately listed Tilt Renewables, says earnings were at the top end of guidance after strong generation, especially in Australia. More >>
