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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 433]
NZ dollar falls to three-week low
Thursday, 6 April 2017, 8:40 am | BusinessDesk
April 5 (BusinessDesk) - The New Zealand dollar fell, touching a three-week low, with traders reluctant to push the currency higher ahead of US President Donald Trump's summit with his Chinese counterpart Xi JinPing and US non-farm payrolls data on Friday. More >>
Yield hunt sees biggest Spark volume in five years
Thursday, 6 April 2017, 8:39 am | BusinessDesk
April 5 (BusinessDesk) - New Zealand shares rose as international investors' hunt for high-yield stocks saw the biggest volume of Spark New Zealand stock change hands in almost five years. Meanwhile, Comvita plunged after the honey products maker warned ... More >>
Commodity prices edge up in March on higher meat/wool prices
Wednesday, 5 April 2017, 4:25 pm | BusinessDesk
April 5 (BusinessDesk) - New Zealand commodity prices edged higher in March as wool prices bounced from a slump and red meat continued to attract buyers. More >>
UPDATE: 'Glamour stock' Comvita slumps on profit downgrade
Wednesday, 5 April 2017, 3:56 pm | BusinessDesk
April 5 (BusinessDesk) - Comvita shares, which have benefited the past two years from huge demand for manuka honey, slumped today after the company warned it would post an operational loss due to weaker than expected trading and as a poor season ... More >>
IkeGPS misses positive cash flow target in March quarter
Wednesday, 5 April 2017, 2:18 pm | BusinessDesk
April 5 (BusinessDesk) - IkeGPS missed a goal of positive cash flow in the March quarter after Stanley Black & Decker pushed out a large order of the laser measurement toolmaker's Stanley Smart Measure Pro products. More >>
Comvita shares slump
Wednesday, 5 April 2017, 2:16 pm | BusinessDesk
April 5 (BusinessDesk) - Comvita shares slumped after the manuka honey company warned it will post an operational loss this year due to weaker than expected trading and as a poor season dents the honey harvest in New Zealand. More >>
Zespri reports interest in bidding round for Gold3 licenses
Wednesday, 5 April 2017, 2:15 pm | BusinessDesk
April 5 (BusinessDesk) - Zespri International reported strong interest in a bidding round for 400 hectares of new Gold3 or SunGold variety kiwifruit licences and said its shares will resume trading on Friday. More >>
Auckland's average house price reaches record in March
Wednesday, 5 April 2017, 2:07 pm | BusinessDesk
April 5 (BusinessDesk) - Auckland house prices charted a record high again in March, with those selling for more than $1 million accounting for 41 percent of sales in the month, says realtor Barfoot & Thompson. More >>
Vital Healthcare extends buying spree
Wednesday, 5 April 2017, 1:45 pm | BusinessDesk
April 5 (BusinessDesk) - Vital Healthcare Property Trust has acquired an aged-care facility and a hospital in Australia for A$27.6 million, extending the buying spree it embarked on since raising $160 million in a rights offer last July. More >>
CBL managers & director get $65M payday
Wednesday, 5 April 2017, 12:41 pm | BusinessDesk
April 5 (BusinessDesk) - CBL Corp's managing director Peter Harris, deputy chair Alistair Hutchison and senior managers have sold 8.5 percent of the company - 20 million shares - after a restriction on their holdings lifted following the release ... More >>
NZX cash trading values fall for a third month
Wednesday, 5 April 2017, 12:35 pm | BusinessDesk
April 5 (BusinessDesk) - The value of trading on NZX's markets fell for a third month in March, even as the volume of activity increased in the wake of company earnings season. More >>
First-quarter sales of occupation rights rise 41%
Wednesday, 5 April 2017, 12:04 pm | BusinessDesk
April 5 (BusinessDesk) - Summerset Group increased sales of occupation rights at its retirement villages by 41 percent in the first quarter and said the remainder of the year "looks positive". More >>
NZ dollar falls to 3-week low
Wednesday, 5 April 2017, 11:46 am | BusinessDesk
April 5 (BusinessDesk) - The New Zealand dollar fell, touching a three-week low, with gains in dairy prices doing little to halt a weakening trend for the currency. More >>
House price inflation stalls as lending restrictions bite
Wednesday, 5 April 2017, 11:06 am | BusinessDesk
April 5 (BusinessDesk) - New lending restrictions imposed late last year appear to be behind a slowdown in the pace of house price inflation in the first three months of this year, but the impact may not last. More >>
While you were sleeping: Eyes on Trump-Xi meeting
Wednesday, 5 April 2017, 10:23 am | BusinessDesk
April 5 (BusinessDesk) - US equities fluctuated, while Treasuries fell, as investors awaited the latest jobs data and President Donald Trump’s meeting with with his Chinese counterpart, Xi Jinping. More >>
Dairy product prices rise for a second straight auction
Wednesday, 5 April 2017, 10:20 am | BusinessDesk
April 5 (BusinessDesk) - Dairy product prices increased at the Global Dairy Trade auction, rising for the second time in a row amid optimism about the outlook. More >>
Hagaman says all Andrew Little had to do was apologise
Wednesday, 5 April 2017, 9:04 am | BusinessDesk
April 4 (BusinessDesk) - Lani Hagaman continued to assert that all she initially wanted from Labour Party leader Andrew Little was an apology on the second day of defamation proceedings brought against Little by Hagaman and her husband Earl. More >>
Mobile operators pool resources
Wednesday, 5 April 2017, 9:01 am | BusinessDesk
April 4 (BusinessDesk) - New Zealand's three mobile operators - Spark New Zealand, Vodafone New Zealand and Two Degrees Mobile - are pooling their resources in a joint bid to win the government's extension to the rural broadband initiative in what they ... More >>
'Deeply favourable cocktail' for Tiwai Pt smelter
Wednesday, 5 April 2017, 8:55 am | BusinessDesk
April 4 (BusinessDesk) - The Rio Tinto-controlled aluminium smelter at Southland's Tiwai Point is benefiting from a "deeply favourable cocktail" of factors that have returned it to profitability and could prompt a restart of its small, fourth ... More >>
NZ dollar follows Aussie lower
Wednesday, 5 April 2017, 8:53 am | BusinessDesk
April 4 (BusinessDesk) - The New Zealand dollar followed the Australian dollar lower against the greenback after the Reserve Bank of Australia warned the nation's weak wage growth was set to stay subdued More >>
