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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 437]
Malaysia makes order for 23 amphibious craft
Wednesday, 29 March 2017, 12:52 pm | BusinessDesk
March 29 (BusinessDesk) - Future Mobility Solutions says it has received an order for 23 amphibious craft from the Malaysian Civil Defence Force, a deal worth more than $3 million and scheduled for delivery in the next 12 months. More >>
Infratil sees flat earnings in 2018
Wednesday, 29 March 2017, 12:42 pm | BusinessDesk
March 29 (BusinessDesk) - Infratil is anticipating flat earnings in the 2018 financial year but is confident it can keep boosting returns to shareholders, and is still on the prowl for new acquisitions. More >>
NZ dollar falls after jump in US consumer confidence
Wednesday, 29 March 2017, 11:44 am | BusinessDesk
March 29 (BusinessDesk) - The New Zealand dollar fell after a measure of US consumer confidence jumped to its highest level in almost two decades, signalling a pickup in the world's biggest economy. More >>
While you were sleeping: Wall St regroups
Wednesday, 29 March 2017, 10:33 am | BusinessDesk
March 29 (BusinessDesk) - Wall Street rose, stemming an eight-day drop in the Dow, as US consumer confidence climbed to the highest level in 16 years, while oil also gained More >>
Momentum grows to replace the RMA
Wednesday, 29 March 2017, 9:44 am | BusinessDesk
March 29 (BusinessDesk) - A major new report from the Productivity Commission lays the foundation for action on the growing political consensus that the Resource Management Act and associated laws are failing both cities and the natural environment and need ... More >>
Policymakers need to start planning for 5G infrastructure
Wednesday, 29 March 2017, 9:20 am | BusinessDesk
March 28 (BusinessDesk) - New Zealand policymakers in the process of making it easier for fibre firms to access certain properties in the roll-out of the ultrafast broadband network need to start thinking about how to remove roadblocks from the looming build ... More >>
FMA seeks tighter disclosure of non-GAAP measures
Wednesday, 29 March 2017, 8:41 am | BusinessDesk
March 28 (BusinessDesk) - The Financial Markets Authority has proposed an update to its guidance for companies who use financial information that doesn't follow generally accepted international rules after a survey found three-quarters of them emphasised ... More >>
NZ dollar sticking to tight range but may see more upside
Wednesday, 29 March 2017, 8:39 am | BusinessDesk
March 28 (BusinessDesk) - The New Zealand dollar stuck to a tight range today but may see more upside as markets continue to flounder after US President Donald Trump's failure to enact healthcare reform. More >>
Rabobank NZ annual profit falls 14%
Wednesday, 29 March 2017, 8:38 am | BusinessDesk
March 28 (BusinessDesk) - Rabobank New Zealand posted a 14 percent decline in annual profit last year as the rural lending specialist boosted its provisioning for bad debts in the face of the dairy slowdown. More >>
MARKET CLOSE: NZ shares edge up
Wednesday, 29 March 2017, 8:36 am | BusinessDesk
March 28 (BusinessDesk) - New Zealand shares rose, although the market was mixed, with Air New Zealand gaining after strong operating metrics and A2 Milk Co falling from a record high. More >>
Turners sees annual earnings growth of up to 12%
Wednesday, 29 March 2017, 8:35 am | BusinessDesk
March 28 (BusinessDesk) - Turners expects annual earnings to rise 12 percent as it reaps the benefit of buying motor insurer Autosure and setting up a securitisation funding model to cut costs. More >>
Fulton Hogan lifts first-half pre-tax profit 13%
Tuesday, 28 March 2017, 5:16 pm | BusinessDesk
March 28 (BusinessDesk) - Fulton Hogan, the privately-held civil construction firm, lifted first-half pre-tax earnings 13 percent as its New Zealand and Fiji operations tracked ahead of expectations, and beefed up its forward order book with some big ... More >>
TeamTalk shareholders to vote on Farmside sale next month
Tuesday, 28 March 2017, 3:33 pm | BusinessDesk
March 28 (BusinessDesk) - TeamTalk shareholders will vote on a plan to sell a controlling stake in its Farmside internet services provider to Vodafone New Zealand next month, in a deal which is expected to substantially reduce the telecommunication minnow's ... More >>
Weaker commodities limit benefit of falling greenback
Tuesday, 28 March 2017, 11:43 am | BusinessDesk
March 28 (BusinessDesk) - The New Zealand dollar was little changed, having reached the highest in almost a week overnight, as a decline in commodity prices and equities offset the effects of waning sentiment for the US dollar. More >>
While you were sleeping: Wall St falls
Tuesday, 28 March 2017, 10:31 am | BusinessDesk
March 28 (BusinessDesk) - Wall Street declined as investors digested the implications of the Trump administration’s decision to cancel a vote on health-care reform because of a lack of support. More >>
NPT expects to wrap up Kiwi Property talks in coming days
Tuesday, 28 March 2017, 9:51 am | BusinessDesk
March 27 (BusinessDesk) - Property investors NPT and Kiwi Property Group expect to wrap up talks for a tie-up in the "next few days" with a special meeting of NPT shareholders expected to vote on the deal in April. More >>
Chatham Rock Phosphate says EPA charges unreasonable
Tuesday, 28 March 2017, 9:43 am | BusinessDesk
March 27 (BusinessDesk) - Chatham Rock Phosphate argued in the High Court that a bill from Environmental Protection Authority for costs incurred during its marine consent hearing in 2015 were unreasonable and should have been partly met by funds ... More >>
NZ dollar gains on deeper relationship with China
Tuesday, 28 March 2017, 8:57 am | BusinessDesk
March 27 (BusinessDesk) - A series of cooperation deals inked between New Zealand Prime Minister Bill English and China Premier Li Keqiang gave the kiwi dollar a lift, despite jitters after US president Donald Trump failed to win enough support to repeal ... More >>
MARKET CLOSE: NZ shares fall
Tuesday, 28 March 2017, 8:55 am | BusinessDesk
March 27 (BusinessDesk) - New Zealand shares fell amid concern the failure of US President Donald Trump to push through his policy reforms means US growth won't be as robust as some investors had hoped, denting global sentiment. Summerset Group, ... More >>
NZ, China FTA upgrade agreed among slew of new deals
Monday, 27 March 2017, 4:46 pm | BusinessDesk
March 27 (BusinessDesk) - New Zealand Prime Minister Bill English and China Premier Li Keqiang signed off a series of cooperation deals spanning trade, customs, travel and climate change and confirmed commencement of official talks on an upgrade to ... More >>
