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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 485]
NZ food prices follow seasonal patterns in November increase
Tuesday, 20 December 2016, 2:30 pm | BusinessDesk
Dec. 20 (BusinessDesk) - New Zealand food prices rose slightly in November after adjusting for typical seasonal patterns. More >>
England-Hall leaves Loyalty NZ for role as Tourism NZ chief
Tuesday, 20 December 2016, 2:28 pm | BusinessDesk
Dec. 20 (BusinessDesk) - Stephen England-Hall has resigned as chief executive of Loyalty New Zealand, which analyses the spending habits of consumers who sign up to loyalty schemes, to take the top job at Tourism New Zealand. More >>
Stride Property boss Peter Alexander to depart in March
Tuesday, 20 December 2016, 2:26 pm | BusinessDesk
Dec. 20 (BusinessDesk) - Stride Property Group chief executive Peter Alexander will leave the property investor at the end of March, having rebranded the old DNZ Property Fund and overhauled its structure. More >>
WCC sets 'tight' timeframe for targeted building assessments
Tuesday, 20 December 2016, 1:57 pm | BusinessDesk
Dec. 20 (BusinessDesk) - Wellington City Council has set a "tight" timeframe for the owners of 80 buildings to carry out additional structural checks following the Kaikoura earthquake. More >>
Warehouse says first-half profit may fall as much as 15%
Tuesday, 20 December 2016, 1:31 pm | BusinessDesk
Dec. 20 (BusinessDesk) - Warehouse Group says profit may fall between 10 and 15 percent in its first half its financial year as New Zealand's largest publicly listed retailer contends with a weaker-than-expected run up to Christmas both at its stores and its ... More >>
NZ dollar falls to six-month low before dairy auction
Tuesday, 20 December 2016, 12:14 pm | BusinessDesk
NZ dollar falls to six-month low before dairy auction; Yellen upbeat on US labour market More >>
Rakon sells 17% stake to Taiwan's Siward
Tuesday, 20 December 2016, 12:07 pm | BusinessDesk
Rakon sells 17% stake to Taiwan's Siward at 115% premium to stock price to repay debt More >>
While you were sleeping: Treasuries, gold gain
Tuesday, 20 December 2016, 9:40 am | BusinessDesk
Dec. 20 (BusinessDesk) - Wall Street moved higher, as did US Treasuries and gold, as investors remained upbeat about the outlook but also stocked up on more defensive assets. More >>
Terra Vitae, Craggy Range post stronger full-year profits
Monday, 19 December 2016, 8:48 pm | BusinessDesk
Dec. 19 (BusinessDesk) - New Zealand’s Terra Vitae Vineyards and Craggy Range Vineyards both reported a rise in full-year profit on the back of a solid harvest and improving prices as wine remains one of the Pacific Nation’s fastest growing ... More >>
Godfreys fined $48k over lack of information
Monday, 19 December 2016, 8:47 pm | BusinessDesk
Dec. 19 (BusinessDesk) - New Zealand Vacuum Cleaner Co, which runs the Godfreys vacuum cleaner retail chain, has been fined $48,000 in the Manukau District Court after pleading guilty to 10 charges under the Fair Trading Act (FTA) over failure to disclose ... More >>
Tough bankruptcy conditions on 'grossly reckless' Henderson
Monday, 19 December 2016, 8:44 pm | BusinessDesk
Dec. 19 (BusinessDesk) - The High Court in Christchurch has banned property developer David Henderson from running a company for six years on top of his six-year-long bankruptcy, which is set to be lifted next month. More >>
NZ shares rise, Infratil and Tegel gain while A2 drops
Monday, 19 December 2016, 8:41 pm | BusinessDesk
Dec. 19 (BusinessDesk) - New Zealand shares rose, led by Infratil and Tegel Group Holdings, while A2 Milk extended its decline More >>
NZ dollar recovers from Friday's selloff
Monday, 19 December 2016, 8:38 pm | BusinessDesk
Dec. 19 (BusinessDesk) - The New Zealand dollar consolidated below 70 US cents, recovering some ground from Friday's selloff in New York after a survey showed a pickup in business confidence led by the construction industry. More >>
NZ missing out on cruise ships due to lack of berths
Monday, 19 December 2016, 5:38 pm | BusinessDesk
NZ missing out on cruise ships due to lack of berths in Auckland, Lyttelton, Cruise NZ says More >>
NZ businesses still optimistic as building work buoys mood
Monday, 19 December 2016, 4:51 pm | BusinessDesk
Dec. 19 (BusinessDesk) – New Zealand business confidence rose a tad in December, led by an upbeat construction sector although tighter credit conditions continued to weigh. More >>
Buoyant housing demand elevates structural log prices
Monday, 19 December 2016, 3:00 pm | BusinessDesk
Dec. 19 (BusinessDesk) - Buoyant residential building activity has pushed up the average price for top structural logs this year rise to the highest in more than two decades. More >>
NZ residential building consents rise 2.6% in October
Monday, 19 December 2016, 2:43 pm | BusinessDesk
Dec. 19 (BusinessDesk) - New Zealand's residential building consents rose for the first month in four in October, boosted by two apartment projects in Wellington. More >>
Hamilton realtor Lugton's fined $1 mln for price fixing
Monday, 19 December 2016, 2:35 pm | BusinessDesk
Dec. 19 (BusinessDesk) - Hamilton realtor Lugton's has been ordered to pay $1 million by the High Court in Auckland, joining a growing number of real estate agencies who have admitted they'd colluded to pass on increased Trade Me Group fees for property ... More >>
China's Rifa reaches 59% acceptances of Airwork
Monday, 19 December 2016, 2:29 pm | BusinessDesk
Dec. 19 (BusinessDesk) - Zhejiang Rifa Holding Group said it has acceptances for 59 percent of Airwork Holdings in its partial takeover of the Auckland-based aircraft services business. More >>
NZ services sector activity rises in November
Monday, 19 December 2016, 2:15 pm | BusinessDesk
Dec. 19 (BusinessDesk) - Activity in New Zealand's services sector, which accounts for about two-thirds of the economy, strengthened last month as sales improved, although employment was subdued as competition for workers increased. More >>
