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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 436]
Hard-fought gains in govt better than nothing in opposition
Friday, 31 March 2017, 8:55 am | BusinessDesk
March 30 (BusinessDesk) - Maori Party co-leader Te Ururoa Flavell says his party achieved hard-won gains in return for supporting the government that wouldn't be available in opposition. More >>
NZ dollar range bound, looking for catalysts
Friday, 31 March 2017, 8:42 am | BusinessDesk
March 30 (BusinessDesk) - A dearth of domestic data is keeping the New Zealand dollar in a tight range and while conditions may be building for it to break out, any catalysts are likely to come from offshore. More >>
MARKET CLOSE: NZ shares rise, led by Xero, Infratil
Friday, 31 March 2017, 8:40 am | BusinessDesk
March 30 (BusinessDesk) - New Zealand shares advanced, led Xero and Spark New Zealand while NPT and Argosy Property dropped. More >>
NPT shareholders urged to reject Kiwi Property offer
Thursday, 30 March 2017, 5:22 pm | BusinessDesk
Salt Funds urges NPT shareholders to reject Kiwi Property offer as "unacceptable transfer of value" More >>
Xero's million customer milestone
Thursday, 30 March 2017, 4:40 pm | BusinessDesk
March 30 (BusinessDesk) - Xero, the cloud-based accounting software firm, says it reached a milestone of signing up 1 million customers just ahead of its March 31 year-end, keeping intact market expectations it will achieve its first-ever profit ... More >>
Tower board mulls takeovers
Thursday, 30 March 2017, 3:25 pm | BusinessDesk
March 30 (BusinessDesk) - Tower is performing in line with expectations in the first few months of the 2017 financial year, as it considers three options for its future with costs from the Canterbury earthquakes escalating. More >>
Trans-Tasman telco cable completed
Thursday, 30 March 2017, 2:11 pm | BusinessDesk
March 30 (BusinessDesk) - A new $100 million trans-Tasman underwater cable has been completed, the latest in a drive to boost New Zealand's connectivity with the rest of the world. More >>
Hallenstein 1H profit rises 35%
Thursday, 30 March 2017, 1:44 pm | BusinessDesk
March 30 (BusinessDesk) - Hallenstein Glasson Holdings posted a 35 percent increase in first-half profit, meeting its forecast, and said early winter sales were "encouraging". More >>
NPT shareholders to vote on Kiwi Property offer
Thursday, 30 March 2017, 12:46 pm | BusinessDesk
March 30 (BusinessDesk) - NPT will pitch its favoured tie-up with Kiwi Property Group at a special meeting next month, where shareholders will vote on whether to back the deal or accept a rival bid from Augusta Capital. More >>
NZ dollar touches week-high vs British pound
Thursday, 30 March 2017, 11:31 am | BusinessDesk
March 30 (BusinessDesk) - The New Zealand dollar rose to a week-high against the British pound and euro after UK Prime Minister Theresa May officially triggered Britain's exit from the European Union. More >>
While you were sleeping: Rosengren sees four hikes
Thursday, 30 March 2017, 10:19 am | BusinessDesk
March 30 (BusinessDesk) - Wall Street was mixed, following Tuesday’s rally, while the British pound weakened as the UK formally began its exit from the European Union. More >>
Russia willing to re-start NZ free-trade talks
Thursday, 30 March 2017, 8:44 am | BusinessDesk
March 29 (BusinessDesk) - Russia is willing to restart free trade talks with New Zealand that were halted after the annexation of the Crimean peninsula, but Trade Minister Todd McClay says it is too soon to resume negotiations with the world's ... More >>
NZ dollar slips vs Aussie as commodity prices rise
Thursday, 30 March 2017, 8:40 am | BusinessDesk
March 29 (BusinessDesk) - The New Zealand dollar fell against the Australian dollar as commodity prices shored up demand for the Aussie, while gaining against the British pound after UK Prime Minister Theresa May signed the formal letter that will trigger ... More >>
MARKET CLOSE: NZ shares gain
Thursday, 30 March 2017, 8:38 am | BusinessDesk
March 29 (BusinessDesk) - New Zealand shares gained, led by A2 Milk Co and Fletcher Building, while TeamTalk extended its rally. Metro Performance Glass and Infratil fell. More >>
Ryman gets approval for second Melbourne village
Wednesday, 29 March 2017, 4:53 pm | BusinessDesk
March 29 (BusinessDesk) - Ryman Healthcare has been given the go-ahead to proceed with a second retirement village in Australia's second largest city, with the first residents at the new Melbourne site expected to move in next year. More >>
Māori rights at stake from Kermadec ocean sanctuary
Wednesday, 29 March 2017, 4:04 pm | BusinessDesk
March 29 (BusinessDesk) - Jamie Tuuta, Te Ohu Kaimoana's chairman, says iwi and Māori have "taken our eye off the ball" and the Kermadec Ocean Sanctuary Bill had made it abundantly clear that Māori rights are at stake. More >>
NZ companies lift spending on R&D
Wednesday, 29 March 2017, 3:10 pm | BusinessDesk
March 29 (BusinessDesk) - Increased spending by businesses helped boost New Zealand's total research and development expenditure 20 percent since 2014, but the country still lags behind the average for the Organisation for Economic Cooperation and Development More >>
Rejecting merger on plurality grounds 'illogical & incomplete'
Wednesday, 29 March 2017, 1:52 pm | BusinessDesk
March 29 (BusinessDesk) - The Commerce Commission's concerns that a merger of dominant news publishers NZME and Fairfax New Zealand would stifle the number of voices in the media is a backward-looking assessment that would be "illogical and incomplete", ... More >>
Gentrack agrees to buy UK's Junifer Systems for about $79M
Wednesday, 29 March 2017, 1:41 pm | BusinessDesk
Gentrack agrees to buy UK's Junifer Systems for about $79M, extending utility software reach More >>
Synlait posts 3.8% gain in 1H profit
Wednesday, 29 March 2017, 1:01 pm | BusinessDesk
March 29 (BusinessDesk) - Synlait Milk, the NZX-listed dairy company, posted a 3.8 percent lift in first-half profit as higher sales offset increased investment in people and business development. More >>
