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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 430]
Pushpay reports record ACMR growth in first quarter
Wednesday, 12 April 2017, 2:44 pm | BusinessDesk
April 12 (BusinessDesk) - Pushpay Holdings shares rose 3.7 percent to $1.96 after the mobile payments app developer announced record revenue growth in the first quarter and affirmed its full-year guidance. More >>
Chorus broadband connections dip in March quarter
Wednesday, 12 April 2017, 2:23 pm | BusinessDesk
April 12 (BusinessDesk) - Chorus lost ground in the battle for broadband connections in the first three months of the year as end-users switched to fibre provided by local fibre companies and as Spark New Zealand stepped up its wireless network campaign. More >>
SFO drops probe into Intueri's defunct Quantum unit
Wednesday, 12 April 2017, 2:10 pm | BusinessDesk
April 12 (BusinessDesk) - Intueri Education Group says the Serious Fraud Office has ended its investigation into the unprofitable company's defunct Quantum Education Group and won't take further action. More >>
NZ income tax rate second lowest among developed nations
Wednesday, 12 April 2017, 12:48 pm | BusinessDesk
April 12 (BusinessDesk) - New Zealand workers pay the second smallest portion of their income to the government among developed nations and less than half the average ratio of their Organisation for Economic Cooperation and Development peers. More >>
NZ dollar falls to 5-month low vs yen
Wednesday, 12 April 2017, 11:36 am | BusinessDesk
April 12 (BusinessDesk) - The New Zealand dollar fell to a five-month low against the yen as North Korea stepped up its anti-US rhetoric and American Secretary of State Rex Tillerson arrived in Moscow for talks on the standoff over Syria. More >>
Transmission Gully on hiring drive as earthworks expand
Wednesday, 12 April 2017, 11:28 am | BusinessDesk
April 12 (BusinessDesk) - Transmission Gully project manager Wellington Gateway Partnership has slowed the rate of staff quitting and plans to take on more than 450 workers as it prepares for a bigger earthworks programme than initially anticipated. More >>
Person pleads guilty to insider trading
Wednesday, 12 April 2017, 8:18 am | BusinessDesk
April 11 (BusinessDesk) - A person has pleaded guilty in the Auckland District Court to a single charge of insider trading after an employee of Eroad, the logistics and fleet management software developer, texted confidential company information to a ... More >>
Greenpeace activists charged by MBIE over oil search vessel
Tuesday, 11 April 2017, 9:29 pm | BusinessDesk
April 11 (BusinessDesk) - Greenpeace New Zealand executive director Russel Norman and two other activists have been charged by the Ministry of Business, Innovation & Employment under the Crown Minerals Act over a protest against deepwater seismic ... More >>
Comvita gains as honey definition mooted
Tuesday, 11 April 2017, 9:27 pm | BusinessDesk
April 11 (BusinessDesk) - New Zealand shares rose, with Comvita recovering some ground after last week's slump as the government proposed a definition of manuka honey. Tourism Holdings, SkyCity Entertainment Group and Arvida Group were among leading ... More >>
NZ government's cyber-security one-stop shop Cert NZ opens
Tuesday, 11 April 2017, 9:25 pm | BusinessDesk
April 11 (BusinessDesk) - The government's Computer Emergency Response Team (Cert NZ) officially opened today to act as a one-stop shop for all New Zealanders and local entities to find information on how to deal with cyber-security issues. More >>
NZ dollar holds gains
Tuesday, 11 April 2017, 9:23 pm | BusinessDesk
April 11 (BusinessDesk) - The New Zealand dollar stuck to a tight range in local trading as uncertainty over the global outlook kept investors on the sidelines. More >>
Ex-CERA staffers referred to SFO over 'conflict of interest'
Tuesday, 11 April 2017, 9:19 pm | BusinessDesk
April 11 (BusinessDesk) - Two former Canterbury Employment Recovery Authority employees have been referred to the Serious Fraud Office after an investigation into their personal business dealings found a "clear conflict of interest" and that they may ... More >>
Opus optimistic new strategy beginning to bear fruit
Tuesday, 11 April 2017, 4:25 pm | BusinessDesk
April 11 (BusinessDesk) - Opus International Consultants is already seeing benefits from its new business strategy and that momentum has continued into 2017, shareholders were told today. More >>
UPDATE: Electronic cards spending falls for a second month
Tuesday, 11 April 2017, 3:22 pm | BusinessDesk
April 11 (BusinessDesk) - New Zealand retail spending on electronic cards fell for a second month in March, as weakness emerges in household related spending. More >>
Cow prices rise to record on tepid start to slaughter season
Tuesday, 11 April 2017, 2:27 pm | BusinessDesk
April 11 (BusinessDesk) - New Zealand's cow slaughter season has got off to its slowest start in five years, pushing prices for stock to record highs for this time of year. More >>
Electronic cards spending falls for a second month in March
Tuesday, 11 April 2017, 2:25 pm | BusinessDesk
April 11 (BusinessDesk) - New Zealand retail spending on electronic cards fell for a second month in March, following a strong gain in January. More >>
NZ dollar gains as geopolitical risks swirl
Tuesday, 11 April 2017, 11:52 am | BusinessDesk
April 11 (BusinessDesk) - The New Zealand dollar rose amid concern geopolitical risks are on the rise after the US diverted a US carrier fleet to the Korean peninsula, while Federal Reserve chair Janet Yellen gave an upbeat view of American and global ... More >>
Robertson would set sights on inflation measures
Monday, 10 April 2017, 11:23 pm | BusinessDesk
April 10 (BusinessDesk) - The Reserve Bank's mandated inflation target - the consumers price index - would be put under the microscope as part of a broader review of the central bank if the Labour Party and its allies win the Treasury benches in September. More >>
Property Brokers ordered to pay $1.5M for price fixing
Monday, 10 April 2017, 11:17 pm | BusinessDesk
Property Brokers and its director Tim Mordaunt have been ordered to pay penalties totalling $1.5 million for colluding with other real estate agencies to make vendors foot the bill for advertising property on an auction site, according to a High Court ... More >>
NZ dollar little changed near 4-week low
Monday, 10 April 2017, 11:15 pm | BusinessDesk
April 10 (BusinessDesk) - The New Zealand dollar was little changed near a four-week low following New York Fed President William Dudley's comment that the US central bank wouldn't need to delay rate hikes much in order to shrink its balance sheet. More >>
