Scoop has an Ethical Paywall
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 442]
UPDATE: Fletcher shares tumble 12%
Monday, 20 March 2017, 2:40 pm | BusinessDesk
March 20 (BusinessDesk) - Fletcher Building shares tumbled 12 percent after the company cut its full-year earnings guidance by about $110 million because of complexity and delays with a major development that showed up during a review of its construction ... More >>
NZ services sector strong in February
Monday, 20 March 2017, 2:36 pm | BusinessDesk
March 20 (BusinessDesk) - Activity in New Zealand's services sector, which accounts for about two-thirds of the economy, dipped slightly last month but remains strong with broad-based growth. More >>
NZ consumer confidence dips in March quarter
Monday, 20 March 2017, 1:49 pm | BusinessDesk
March 20 (BusinessDesk) - New Zealand consumer confidence dipped in the March quarter as people grew wary about the short-term economic outlook, but extended the nation's run of optimism to six years. More >>
Fletcher cuts full-year earnings guidance by 15%
Monday, 20 March 2017, 12:27 pm | BusinessDesk
March 20 (BusinessDesk) - Fletcher Building has sliced about 15 percent from its annual earnings guidance after the prognosis for two major construction projects deteriorated, prompting an overhaul of the firm's bidding processes. More >>
NZ dollar slips back to about 70 US cents
Monday, 20 March 2017, 11:42 am | BusinessDesk
March 20 (BusinessDesk) - The New Zealand dollar eased back to about 70 US cents at the start of a week in which the Reserve Bank is expected to reiterate it won't raise interest rates any time soon, with the on-hold view reinforced by weaker growth ... More >>
World Week Ahead: More Fed speak
Monday, 20 March 2017, 11:40 am | BusinessDesk
March 20 (BusinessDesk) - A slew of US Federal Reserve officials including chair Janet Yellen are set to speak in the coming days, with investors eyeing whether the US central bank has indeed shifted to a dovish stance. More >>
NZ start-ups strong in foreign markets, survey shows
Monday, 20 March 2017, 10:58 am | BusinessDesk
March 20 (BusinessDesk) - New Zealand start-ups have the highest percentage of overseas customers when measured against their counterparts from 50 other "ecosystems" including New York, Moscow, Beijing and London, according to the Compass Start-up Genome's ... More >>
MARKET CLOSE: NZ shares rise; Fletcher in trading halt
Friday, 17 March 2017, 10:55 pm | BusinessDesk
MARKET CLOSE: NZ shares rise; Fletcher in trading halt, NZ Refining drops on BP selldown More >>
NZ dollar adds 0.9% over week after dovish hike from Fed
Friday, 17 March 2017, 10:54 pm | BusinessDesk
March 17 (BusinessDesk) - The New Zealand dollar ended 0.9 percent higher on the week after markets were disappointed when the US Federal Reserve didn't announce plans to accelerate the pace of rate increases later in the year. More >>
Tauber & Webb's Honk loses bid to allow management fees
Friday, 17 March 2017, 10:53 pm | BusinessDesk
March 17 (BusinessDesk) - Honk Land Trustees, part of Auckland property developers Andrew Tauber and Paul Webb's Honk group, has lost its bid to claim $1.1 million of management fees were legitimate and not simply a way to avoid paying tax. More >>
UPDATE: BP sells NZ Refining shares at 6.9% discount
Friday, 17 March 2017, 4:43 pm | BusinessDesk
March 17 (BusinessDesk) - BP New Zealand Holdings has sold down part of its holding in the nation's only oil refinery operator, NZ Refining, at a discount. More >>
NZ consumer confidence dips in March, still upbeat
Friday, 17 March 2017, 4:25 pm | BusinessDesk
March 17 (BusinessDesk) - New Zealand consumer confidence dipped in March as net optimism toward the economy eased, but remained above average. More >>
Fletcher Building trading halt for construction unit review
Friday, 17 March 2017, 3:02 pm | BusinessDesk
March 17 (BusinessDesk) - Fletcher Building, the country's biggest construction firm, is in a trading halt pending a review of the financial performance of its construction division and the impact on earnings guidance previously provided to the market, the ... More >>
New Zealand's manufacturing activity rises in February
Friday, 17 March 2017, 2:05 pm | BusinessDesk
New Zealand's manufacturing activity rose in February after a dip in January when momentum waned in the building sector. More >>
NZ Windfarms commercial director John Worth to head company
Friday, 17 March 2017, 2:04 pm | BusinessDesk
March 17 (BusinessDesk) - NZ Windfarms said its newly appointed commercial director John Worth will assume full responsibility for the company's daily operations, taking over from acting chief executive Stuart Bauld. More >>
AFT Pharmaceuticals raises $9.1M via redeemable share issue
Friday, 17 March 2017, 2:02 pm | BusinessDesk
March 17 (BusinessDesk) - AFT Pharmaceuticals, which manufactures the Maxigesic painkiller, raised new funds through a redeemable share issue to fuel international growth and announced plans to raise more capital in a share purchase plan. More >>
LGFA contemplating new April 2033 bond
Friday, 17 March 2017, 1:50 pm | BusinessDesk
March 17 (BusinessDesk) - The New Zealand Local Government Funding Agency, which sells bonds on behalf of local authorities, is looking at issuing a new long-dated bond in early April, it said in a statement to the stock exchange. More >>
Fletcher Building in trading halt
Friday, 17 March 2017, 1:29 pm | BusinessDesk
March 17 (BusinessDesk) - Fletcher Building, the country's biggest construction firm, is in a trading halt pending an announcement. More >>
NZ wool market improves at double auction
Friday, 17 March 2017, 1:27 pm | BusinessDesk
March 17 (BusinessDesk) - New Zealand's wool market picked up at the latest weekly auctions across the North and South islands yesterday. More >>
Mondelez confirms Dunedin exit
Friday, 17 March 2017, 1:08 pm | BusinessDesk
March 17 (BusinessDesk) - Mondelez International, the US food group on a global push to cut costs, will close the doors on the Cadbury factory in Dunedin early next year. More >>
