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Independent, Trustworthy New Zealand Business News
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BusinessDesk - Latest News [Page 49]
Ballance partners with Hiringa for Kapuni hydrogen project
Thursday, 20 June 2019, 5:10 pm | BusinessDesk
June 20 (BusinessDesk) - Ballance Agri-Nutrients is to develop 16 MW of wind generation at its Kapuni site as part of a plan to produce renewable hydrogen there. More >>
Kiwi Property eyes residential development for mixed-use
Thursday, 20 June 2019, 5:00 pm | BusinessDesk
June 20 (BusinessDesk) - Kiwi Property Group is considering adding residential property to its mixed-use centres, although no decisions have been made about how to go about it, chair Mark Ford told the annual shareholders' meeting. More >>
CORRECT: Zespri signals profit growth
Thursday, 20 June 2019, 3:10 pm | BusinessDesk
June 19 (BusinessDesk) - Kiwifruit marketer Zespri is forecasting annual profit growth of up to 7 percent. More >>
Strong construction growth shores up 1Q GDP
Thursday, 20 June 2019, 2:02 pm | BusinessDesk
June 20 (BusinessDesk) - New Zealand’s economy grew in line with expectations in the first quarter, shored up by strong construction activity, but weak services output – which represents two-thirds of the economy - was a drag on growth. More >>
Sharesies to offer fractionalised NZX shares
Thursday, 20 June 2019, 12:30 pm | BusinessDesk
June 20 (BusinessDesk) - Investors will be able to buy fractionalised shares on the NZX through micro-investment platform Sharesies, which has been accredited by the stock market operator. More >>
NZ dollar firms as Fed leaves door open to rate cuts
Thursday, 20 June 2019, 11:12 am | BusinessDesk
June 20 (BusinessDesk) - The New Zealand dollar got a lift when the US Federal Reserve signaled rate cuts ahead if the economic outlook weakens. More >>
Air NZ's Luxon to depart Sept 25
Thursday, 20 June 2019, 10:34 am | BusinessDesk
June 20 (BusinessDesk) - Air New Zealand chief executive Christopher Luxon has resigned effective Sept. 25, Air New Zealand said late Wednesday. More >>
NZX50 hits record; prospect of lower rates drives yield hunt
Wednesday, 19 June 2019, 8:52 pm | BusinessDesk
June 19 (BusinessDesk) - The S&P/NZX 50 Index hit a record, amid a global rally, as investors prepare for even lower interest rates and pursue stocks offering reliable dividends. Blue-chip companies such as Auckland International Airport were among ... More >>
NZ dollar steady ahead of Fed decision, NZ GDP
Wednesday, 19 June 2019, 8:26 pm | BusinessDesk
June 19 (BusinessDesk) - The New Zealand dollar was steady as markets await a raft of key events tomorrow, including the results of the Federal Reserve's latest policy-setting meeting. More >>
Treasury mindful of gaps in living standards framework
Wednesday, 19 June 2019, 7:21 pm | BusinessDesk
June 19 (BusinessDesk) - Treasury has identified parts of its living standards framework where more information is needed and says some of its work is pushing the boundaries of economic theory. More >>
Vital proceeds with $37m first stage of Wakefield Hospital
Wednesday, 19 June 2019, 7:20 pm | BusinessDesk
June 19 (BusinessDesk) - Vital Healthcare Property Trust's manager says it will proceed with the $37 million first stage of the redevelopment of Wakefield Hospital with completion set for the first quarter of 2021. More >>
Risks from exploration ban coming to pass
Wednesday, 19 June 2019, 7:19 pm | BusinessDesk
June 19 (BusinessDesk) - The departure of Chevron and Equinor from New Zealand’s exploration scene is a huge lost opportunity and shows how quickly the risks from the government’s exploration ban are coming to pass, energy analyst John Kidd says. More >>
Pushpay lifts annual earnings guidance; shares rise
Wednesday, 19 June 2019, 7:17 pm | BusinessDesk
June 19 (BusinessDesk) - Digital church collection payment operator Pushpay Holdings lifted its guidance for annual earnings and total processing volumes after a positive start to the financial year. More >>
Zespri signals profit growth
Wednesday, 19 June 2019, 2:51 pm | BusinessDesk
June 19 (BusinessDesk) - Kiwifruit marketer Zespri is forecasting annual profit growth of up to 7 percent. More >>
Wider annual current account deficit meets expectations
Wednesday, 19 June 2019, 2:29 pm | BusinessDesk
June 19 (BusinessDesk) - New Zealand’s annual current account deficit widened in the March quarter, as the goods and services balance swung to a deficit as expected. More >>
NZ dollar firms on signs US-China trade talks moving forward
Wednesday, 19 June 2019, 11:05 am | BusinessDesk
June 19 (BusinessDesk) - The New Zealand dollar got a lift from improving sentiment around US-China trade talks after President Donald Trump confirmed the two nations' leaders will meet in Japan at the end of the month. More >>
Dairy product prices slump for third consecutive time
Wednesday, 19 June 2019, 10:37 am | BusinessDesk
June 19 (BusinessDesk) - Dairy product prices declined at the Global Dairy Trade auction, retreating for a third straight time, led by whole milk powder. More >>
Chevron, Equinor depart NZ exploration scene
Wednesday, 19 June 2019, 8:57 am | BusinessDesk
June 18 (BusinessDesk) - Chevron and Norwegian oil giant Equinor have opted to abandon their joint exploration efforts off the east coast of the North Island. More >>
MARKET CLOSE: NZ shares gain as investors eye Fed meeting
Tuesday, 18 June 2019, 8:57 pm | BusinessDesk
June 18 (BusinessDesk) - New Zealand shares joined a rally across Asia, as investors have one eye on whether the Federal Reserve will signal lower US interest rates in what would be a further boon for equity markets. Vista Group International led the ... More >>
Spark using 'free' rugby offer to lock out competitors
Tuesday, 18 June 2019, 8:49 pm | BusinessDesk
June 18 (BusinessDesk) - Spark's offer of free access to streaming coverage of the Rugby World Cup in return for signing up for broadband or mobile phone services is undercutting competitors in exactly the way Spark warned would happen had Vodafone ... More >>
