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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 469]
Shareholders should reject Healthcare Partners offer
Thursday, 2 February 2017, 12:36 pm | BusinessDesk
Feb. 2 (BusinessDesk) - The board of Abano Healthcare has reiterated its recommendation that shareholders reject a takeover offer from its biggest shareholder, saying it had gained no traction and the share price would drop if it was successful. More >>
FMA leans against 'market knows best' view
Thursday, 2 February 2017, 12:25 pm | BusinessDesk
Feb. 2 (BusinessDesk) - The Financial Markets Authority brushed off claims the market was the best arbiter of fixing any problems in the sector in settling on a new code of conduct designed at making sure firms have the customer at the forefront of their ... More >>
NZ dollar little changed, after falling with jobs data
Thursday, 2 February 2017, 12:19 pm | BusinessDesk
Feb. 2 (BusinessDesk) - The New Zealand dollar was little changed, having dropped yesterday on an unexpected rise in the jobless rate, while the US dollar benefited from stronger-than-expected jobs and manufacturing data. More >>
Drury, Morgan backed Citizen Thiel
Thursday, 2 February 2017, 9:09 am | BusinessDesk
Feb. 1 (BusinessDesk) - Xero founder Rod Drury and TradeMe founder Sam Morgan wrote letters of support for Peter Thiel's application for New Zealand citizenship, which was approved under the "exceptional circumstances" provisions of the Citizenship ... More >>
NZ dollar falls after unexpected rise in unemployment
Thursday, 2 February 2017, 9:07 am | BusinessDesk
Feb. 1 (BusinessDesk) - The New Zealand dollar fell after figures showed the jobless rate unexpectedly rose in the fourth quarter while wage inflation remained tepid, detracting from the case for Reserve Bank rate hikes starting this year. More >>
NZ Premium Whitebait ramps up production for exports after
Thursday, 2 February 2017, 8:58 am | BusinessDesk
Feb. 1 (BusinessDesk) - New Zealand Premium Whitebait, the country's only commercial whitebait farm, produced its first commercial harvest last year and is planning to invest in a larger facility this year that will enable it to step up production and ... More >>
English says wage growth and inflation to pick up
Thursday, 2 February 2017, 8:53 am | BusinessDesk
Feb. 1 (BusinessDesk) - Prime Minister Bill English says he expects employment growth to slow after the labour market achieved a record participation rate in the fourth quarter while signs were that inflation and wage growth would pick up. More >>
Port of Tauranga, Meridian gain, Z Energy drops
Thursday, 2 February 2017, 8:51 am | BusinessDesk
Feb. 1 (BusinessDesk) - New Zealand shares gained slightly, treading water ahead of an earnings season where analysts are expecting weaker growth. Port of Tauranga and Meridian Energy gained while Z Energy dropped. More >>
While you were sleeping: Apple stock rallies
Thursday, 2 February 2017, 7:48 am | BusinessDesk
Feb. 2 (BusinessDesk) - The US dollar rose while Wall Street was mixed, with Apple shares rallying on its better-than-expected sales of its latest iPhone model. More >>
Westland Milk says more job cuts on the cards
Wednesday, 1 February 2017, 5:29 pm | BusinessDesk
Feb. 1 (BusinessDesk) - Westland Milk Products plans to lay off staff as the country's second-biggest dairy cooperative strips out costs that haven't been recouped by the recent recovery in global dairy prices. More >>
PM English names Sept. 23 for 2017 general election
Wednesday, 1 February 2017, 5:26 pm | BusinessDesk
Prime Minister Bill English says the general election will be held on Sept. 23this year, confirming speculation it was the most likely date. More >>
UPDATE: Rise in NZ unemployment won't ruffle feathers
Wednesday, 1 February 2017, 4:16 pm | BusinessDesk
Feb. 1 (BusinessDesk) – New Zealand’s unemployment rate pushed back above 5 percent on the back of an ongoing surge in net migration but the news is unlikely to ruffle any feathers at the central bank as the labour market remains robust. More >>
King Salmon passes FMA sniff test
Wednesday, 1 February 2017, 3:51 pm | BusinessDesk
Feb. 1 (BusinessDesk) - New Zealand King Salmon's prospectus didn't make detailed mention of the proposal to relocate up to six of its farms to areas of the Marlborough Sounds where such commercial activities are currently prohibited, even though a Cabinet ... More >>
Wellington Drive shares jump 10% on ebitda profit
Wednesday, 1 February 2017, 2:37 pm | BusinessDesk
Feb. 1 (BusinessDesk) - Wellington Drive Technologies, which makes energy efficient motors for commercial refrigerators, posted its first profit before interest, tax, depreciation and amortisation (ebitda) after lifting revenue 44 percent in 2016. More >>
NZ's jobless rate unexpectedly rises to 5.2% in 4th qtr
Wednesday, 1 February 2017, 2:01 pm | BusinessDesk
Feb. 1 (BusinessDesk) - A large number of people entering New Zealand's workforce pushed the unemployment rate back above 5 percent but also meant the labour force participation rate reached an all-time high, data from Statistics New Zealand shows. More >>
Bapcor succeeds in Hellaby takeover
Wednesday, 1 February 2017, 12:43 pm | BusinessDesk
Feb. 1 (BusinessDesk) - ASX-listed auto firm Bapcor has succeeded in its $352 million takeover of Hellaby Holdings, in a move likely to lead to the breakup of the diversified investment group, after shareholders including director Paul Byrnes succumbed to ... More >>
Callaghan Innovation has 'weak' management
Wednesday, 1 February 2017, 12:29 pm | BusinessDesk
Feb. 1 (BusinessDesk) - A review of the government's flagship agency for commercialising innovation has found Callaghan Innovation has "weak" management, and is "struggling internally" to complete a strategy guiding how it offers services to companies with ... More >>
NZ dollar hits new 2 1/2 month high
Wednesday, 1 February 2017, 11:54 am | BusinessDesk
Feb. 1 (BusinessDesk) - The New Zealand dollar rose to a 2 1/2-month high against the greenback as investors grew warier of US President Donald Trump's stance on trade, with Germany accused of using a weak euro to exploit its trading partners and singled ... More >>
Strong house price gains to continue in 2017, says QV
Wednesday, 1 February 2017, 9:53 am | BusinessDesk
Jan. 31 (BusinessDesk) - New Zealand residential property values continued to rise in January, with strong growth in regional towns close to main centres like Auckland, Wellington and Queenstown, with property set to keep attracting foreign buyers. More >>
Northland ponders Dargaville's allure
Wednesday, 1 February 2017, 9:26 am | BusinessDesk
Jan. 31 (BusinessDesk) - Northland Inc, the regional council's economic development arm, wants to find out whether there's a viable market to build a retirement village in Dargaville as part of a plan to lure a growing number of semi-retired workers ... More >>
