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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 429]
Cooks Global Foods looking at China JV
Thursday, 13 April 2017, 4:59 pm | BusinessDesk
April 13 (BusinessDesk) - Cooks Global Foods said advanced talks to establish a new joint venture with Chinese partners and the sale of its Progressive Processors unit mean it may transition to cashflow breakeven in the 2018 financial year although ... More >>
Simon Upton to return to NZ as environment commissioner
Thursday, 13 April 2017, 4:20 pm | BusinessDesk
April 13 (BusinessDesk) - Simon Upton, the former National Party environment minister and head of the OECD's Environment Directorate, will return to New Zealand to replace Jan Wright as Parliamentary Commissioner for the Environment More >>
Former ad industry powerhouse, failed owing $183k
Thursday, 13 April 2017, 4:12 pm | BusinessDesk
April 13 (BusinessDesk) - Marmalade Audio, the music and post-production studio whose output included Dave Dobbyn's 1986 hit with Herbs Slice of Heaven and Telecom's Spot the Dog campaign, failed owing just $183,000, the liquidators' first report shows. More >>
NZ Shareholders' Association supports Kiwi Property deal
Thursday, 13 April 2017, 4:11 pm | BusinessDesk
April 13 (BusinessDesk) - The New Zealand Shareholders' Association says a property deal between Kiwi Property Group and NPT comes down to certainty with some known negatives versus the significant uncertainty about NPT's future under the status ... More >>
NZ house price rises to new record in March
Thursday, 13 April 2017, 2:16 pm | BusinessDesk
NZ house price rises to new record in March as more pricey homes change hands More >>
NZ manufacturing activity at 14-month high
Thursday, 13 April 2017, 2:15 pm | BusinessDesk
April 13 (BusinessDesk) - New Zealand's manufacturing activity rose to its highest level in 14 months in March as a jump in new orders underpinned production, while a robust building sector continues to drive the country's economy. More >>
NZ seasonally adjusted food prices fall 0.4% in March
Thursday, 13 April 2017, 2:09 pm | BusinessDesk
April 13 (BusinessDesk) - New Zealand food prices fell in March as fruit and vegetable prices were weighed down by a sharp fall in the prices of apples and carrots. More >>
Oceania Healthcare shares priced near bottom of IPO range
Thursday, 13 April 2017, 1:16 pm | BusinessDesk
April 13 (BusinessDesk) - Oceania Healthcare will raise $200 million in an initial public offering after a bookbuild process priced the offer near the bottom of the indicative range. More >>
Prices decline at NZ weekly wool auction amid weak demand
Thursday, 13 April 2017, 12:50 pm | BusinessDesk
April 13 (BusinessDesk) - Prices fell at the latest New Zealand weekly wool auction as demand remained weak. More >>
NZ dollar extends decline against yen on North Korea tensions
Thursday, 13 April 2017, 12:02 pm | BusinessDesk
April 13 (BusinessDesk) - The New Zealand dollar fell to a new five-month low against the yen as heightened tensions around North Korea sapped investors' risk appetite and stoked demand for safe-haven assets. More >>
MARKET CLOSE: NZ stocks fall, led by Fletcher
Thursday, 13 April 2017, 9:23 am | BusinessDesk
April 12 (BusinessDesk) - New Zealand shares fell as geopolitical tensions continued to sideline investors. Fletcher Building declined while SkyCity Entertainment Group and Spark New Zealand rose. More >>
Co-op Money NZ chairman Steve Nichols resigns after a month
Thursday, 13 April 2017, 9:21 am | BusinessDesk
April 12 (BusinessDesk) - Co-op Money NZ chairman Steve Nichols has quit the board of the credit union industry body after just over a month in the job as the cooperative gets more embroiled in a legal dispute over whether it's providing services to non-members. More >>
NZ dollar falls to 5-month low vs yen
Thursday, 13 April 2017, 9:20 am | BusinessDesk
April 12 (BusinessDesk) - The New Zealand dollar fell to a five-month low against the yen as geopolitical tensions sapped investors' risk appetite, driving more investors to Japan's currency. More >>
Craigs sees slowing growth in funds management
Thursday, 13 April 2017, 9:19 am | BusinessDesk
April 12 (BusinessDesk) - Craigs Investment Partners posted a 58 percent gain in annual profit as a swelling pot of funds under management delivered a boost to fee income, however, the broking and research house sees the pace of that growth slowing. More >>
Many homeowners would seek longer terms on higher rates
Wednesday, 12 April 2017, 5:16 pm | BusinessDesk
Almost three-quarters of New Zealand homeowners are expecting their mortgage rates to rise this year and while many are fairly sanguine about a moderate increase, if it goes too high a fifth would push out the term of their loan and a third would ... More >>
NZX dairy futures trade in record volumes
Wednesday, 12 April 2017, 4:31 pm | BusinessDesk
April 12 (BusinessDesk) - Persistent heavy rain in New Zealand, the world's largest exporter of dairy products, spurred record trading in NZX dairy futures yesterday as traders bet soggy pastures heading into winter will dent future milk production. More >>
Marsden Fund to develop investment plan
Wednesday, 12 April 2017, 4:20 pm | BusinessDesk
April 12 (BusinessDesk) - The government wrapped up an assessment of the Marsden Fund with a series of recommendations including the development of an investment plan. More >>
NZOG says potential Barque partners 'studying the data'
Wednesday, 12 April 2017, 4:06 pm | BusinessDesk
April 12 (BusinessDesk) - New Zealand Oil & Gas says potential partners for the deepwater Barque prospect off the Canterbury coast are "studying the data" and the company may be willing to put up more of its own capital if one of them comes ... More >>
TeamTalk shareholders back sale of Farmside to Vodafone
Wednesday, 12 April 2017, 3:55 pm | BusinessDesk
April 12 (BusinessDesk) - TeamTalk shareholders overwhelmingly back a deal to sell a controlling stake in rural broadband unit Farmside to Vodafone New Zealand, effectively rejecting a takeover by Spark New Zealand. More >>
NZ guest nights fall in February
Wednesday, 12 April 2017, 2:46 pm | BusinessDesk
April 12 (BusinessDesk) - National guest nights fell in February, bucking eight straight months of growth, as a slide in domestic stays offset growth from international guests. More >>
