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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 434]
MARKET CLOSE: NZ shares rise as investors hunt for yield
Wednesday, 5 April 2017, 8:51 am | BusinessDesk
April 4 (BusinessDesk) - New Zealand stocks were led higher by Meridian Energy as companies with high dividends remained in favour, although trading was light as a dearth of domestic and international drivers kept many investors on the sidelines. More >>
Eight-year RMA reform saga enters home straight
Wednesday, 5 April 2017, 8:49 am | BusinessDesk
April 4 (BusinessDesk) - The National Party's long-stalled second round of Resource Managment Act reforms returned to Parliament this afternoon, revealing the detail of a final concession to the Maori Party to allow local authorities to declare their ... More >>
Dairy rebound tips NZ primary sector exports into growth
Tuesday, 4 April 2017, 4:26 pm | BusinessDesk
April 4 (BusinessDesk) - A jump in the value of dairy exports is enough to restore growth to New Zealand's 2017 primary sector exports for the June 2017 year, according to the March edition of the Situation and Outlook for Primary Industries. More >>
Bluescope sweetensTaharoa ironsands mine sale
Tuesday, 4 April 2017, 3:38 pm | BusinessDesk
April 4 (BusinessDesk) - Former timber industry lobbyist-turned-tourism entrepreneur Wayne Coffey will take management control of the Taharoa ironsands mining lease on Maori land near the Glenbrook steel mill following completion of a deal with New ... More >>
Salt Funds sours further on NPT's Kiwi Property deal
Tuesday, 4 April 2017, 3:06 pm | BusinessDesk
April 4 (BusinessDesk) - Salt Funds Management is even darker on property investor NPT's proposed tie-up with the much larger Kiwi Property Group, releasing a second salvo that labels the deal an "unacceptable transfer of value". More >>
Contact fires latest salvo in loyalty schemes war
Tuesday, 4 April 2017, 1:30 pm | BusinessDesk
April 4 (BusinessDesk) - Contact Energy is beginning the massive task of shifting more than half its customers off the Fly Buys rewards scheme with the enticement of up to 50 cents a litre off fuel bought from BP and Caltex petrol stations by linking ... More >>
NZ businesses pare back optimism in March quarter
Tuesday, 4 April 2017, 1:28 pm | BusinessDesk
April 4 (BusinessDesk) - New Zealand firms pared back their level of optimism in the first three months of the year as domestic trading activity stayed robust while signalling broader price hikes were on the cards as firms contend with an increasingly ... More >>
Spark says 80c/share is final offer for TeamTalk
Tuesday, 4 April 2017, 12:57 pm | BusinessDesk
Spark says 80c/share is final offer for TeamTalk, won't waive conditions if Farmside deal proceeds More >>
NZ vehicle sales reach new record for March
Tuesday, 4 April 2017, 12:32 pm | BusinessDesk
April 4 (BusinessDesk) - New Zealand new vehicle sales jumped to their highest level for a March month, continuing the run of record monthly sales this year. More >>
Aussie private equity firms line up for Mainland Poultry bid
Tuesday, 4 April 2017, 12:31 pm | BusinessDesk
April 4 (BusinessDesk) - Australian private equity firms are lining up to bid for Mainland Poultry, whose businesses include New Zealand’s biggest egg producer, with the business said to be worth as much as $225 million, The Australian Financial ... More >>
NZ dollar little changed at about 70 US cents
Tuesday, 4 April 2017, 12:02 pm | BusinessDesk
April 4 (BusinessDesk) - The New Zealand dollar was little changed, keeping within the narrow range of the past two weeks, with weaker commodity prices generally weighing on the currencies of commodity-exporting nations. More >>
Regulation nearing tipping as govt watchdogs flex muscles
Tuesday, 4 April 2017, 11:39 am | BusinessDesk
April 4 (BusinessDesk) - The expansion of regulatory regimes and increased budgets to enforce them may have pushed the balance of government oversight to a "tipping point" where the costs start outweighing the wider public benefits, Chapman ... More >>
While you were sleeping: Tesla leapfrogs Ford
Tuesday, 4 April 2017, 9:57 am | BusinessDesk
April 4 (BusinessDesk) - Wall Street declined amid disappointing US car sales and concern about President Donald Trump’s ability to deliver on promises that were seen as bolstering economic growth and corporate profits. More >>
Mark Warminger appeals market manipulation ruling
Tuesday, 4 April 2017, 9:22 am | BusinessDesk
April 3 (BusinessDesk) - Former Milford Asset Management portfolio manager Mark Warminger will appeal a High Court ruling that he manipulated the New Zealand stock market on two occasions in 2014. More >>
Zespri calls in police over cross-border kiwifruit transfer
Monday, 3 April 2017, 9:19 pm | BusinessDesk
April 3 (BusinessDesk) - Zespri International has called in police to investigate the transfer of Gold3 and Gold9 kiwifruit varieties into China that may have been done illegally. More >>
NZ dollar gains vs Aussie
Monday, 3 April 2017, 9:17 pm | BusinessDesk
April 3 (BusinessDesk) - The New Zealand dollar rose against its Australian counterpart after figures showed Australian retail sales unexpectedly fell in February, raising concerns about whether households across the Tasman are robust enough to drive economic ... More >>
MARKET CLOSE: NZ stocks gain as investors hunt for yield
Monday, 3 April 2017, 9:16 pm | BusinessDesk
April 3 (BusinessDesk) - New Zealand shares gained, led by Z Energy and Spark New Zealand as a decline in global bond yields boosts the attraction of local stocks with high dividends. Telecommunications network operator Chorus fell. More >>
Chinese banks making solid inroads into NZ market
Monday, 3 April 2017, 9:12 pm | BusinessDesk
April 3 (BusinessDesk) - Major Chinese banks operating in New Zealand continued to make significant inroads last year, with a strong rise in overall assets across all three look to cash in on the growing trade ties between the two nations. More >>
Contract delays lower Orion Health full-year guidance
Monday, 3 April 2017, 4:03 pm | BusinessDesk
April 3 (BusinessDesk) - Orion Health shares dropped 12 percent after the healthcare software developer said full-year sales fell but it still expects to post a narrower loss and be profitable in 2018. It has been in talks with potential investors in ... More >>
Regulator eyes competition issues in Spark's TeamTalk bid
Monday, 3 April 2017, 1:45 pm | BusinessDesk
April 3 (BusinessDesk) - The Commerce Commission has outlined where it's looking for any competition issues in Spark New Zealand's hostile bid for telecommunications firm TeamTalk. More >>
