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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 495]
MARKET CLOSE: NZ shares drop, A2 Milk gives up gains
Friday, 2 December 2016, 9:06 pm | BusinessDesk
MARKET CLOSE: NZ shares drop, A2 Milk gives up gains; F&P Healthcare gains on court result More >>
NZ dollar edges up toward 71 US cents
Friday, 2 December 2016, 9:05 pm | BusinessDesk
Dec. 2 (BusinessDesk) - The New Zealand dollar rose ahead of the release of US employment data, which is expected to build the case for a Federal Reserve rate hike this month and potentially more to come. More >>
Instance Finance boss accuses retail banks of 'poaching'
Friday, 2 December 2016, 9:04 pm | BusinessDesk
Dec. 2 (BusinessDesk) - Instant Finance chief executive Richard de Lautour is accusing retail banks of poaching clients by undercutting loans the finance company has made at high interest rates once it has already done the hard yards on establishing borrowers' ... More >>
Affco attempt to silence union declined
Friday, 2 December 2016, 9:02 pm | BusinessDesk
Dec. 2 (BusinessDesk) - Affco Holdings, the meat company owned by Talley's Group, and the Meatworkers Union have resumed good faith bargaining for a new collective agreement under the auspices of a private mediator. More >>
Intueri waits to hear about A$6mn payment
Friday, 2 December 2016, 9:01 pm | BusinessDesk
Dec. 2 (BusinessDesk) - Intueri Education Group will get an A$3.5 million payment from the Australian Department of Education and Training (DET) for 2015, but is still waiting to hear whether it will get a further A$6 million for 2016 and whether it ... More >>
Tourism bed tax should include Air BnB, says report
Friday, 2 December 2016, 5:24 pm | BusinessDesk
Dec. 2 (BusinessDesk) - A joint tourism industry proposal to raise $130 million a year for public facilities that tourists use should include a $2 per night bed tax and include accommodation offered through the 'sharing economy' accommodation app ... More >>
Godfrey Hirst ends fight on wool scour monopoly
Friday, 2 December 2016, 4:21 pm | BusinessDesk
Dec. 2 (BusinessDesk) - Godfrey Hirst says it will abandon its fight to overturn the regulatory approval for a wool scouring monopoly in New Zealand involving NZX-listed rival Cavalier, despite judging it a "major blow to the wool industry and competition ... More >>
Whole milk powder may rise in next week's auction
Friday, 2 December 2016, 3:14 pm | BusinessDesk
Dec. 2 (BusinessDesk) - The price of whole milk powder, New Zealand's key commodity export, may rise for the fourth straight auction on the GlobalDairyTrade platform next week on the expectation future European milk production will be crimped by environmental ... More >>
February date set for Augusta's High Court proceedings
Friday, 2 December 2016, 2:09 pm | BusinessDesk
Dec. 2 (BusinessDesk) - Augusta Capital has been granted a date in February next year for its High Court proceedings seeking orders requiring listed property investor NPT to call a meeting of shareholders to discuss its hostile bid. More >>
F&P Healthcare overturns ResMed court action in Germany
Friday, 2 December 2016, 2:00 pm | BusinessDesk
Dec. 2 (BusinessDesk) - Fisher & Paykel Healthcare, which is battling rival ResMed over intellectual property for face and nasal masks, has succeeded in overturning the second of two preliminary injunctions against it in Germany, allowing the company ... More >>
NZ dollar little changed vs greenback ahead of payrolls
Friday, 2 December 2016, 1:26 pm | BusinessDesk
Dec. 2 (BusinessDesk) - The New Zealand dollar was little changed against the greenback ahead of US non-farm payrolls tonight, with a hike from the Federal Reserve on Dec. 14 fully priced in, and it fell against the pound after comments from Britain's Brexit ... More >>
Property For Industry portfolio lifts 9% in value
Friday, 2 December 2016, 12:58 pm | BusinessDesk
Dec. 2 (BusinessDesk) - Property For Industry, the commercial property investor, expects its portfolio to lift 9 percent in value this year amid high demand. More >>
FMA hopes new legislation will encourage investors
Friday, 2 December 2016, 9:18 am | BusinessDesk
Dec. 1 (BusinessDesk) - The Financial Markets Authority says it wants to encourage investors into the sharemarket and business conduct will be important in improving confidence. More >>
NZ dollar falls below 71 US cents
Friday, 2 December 2016, 9:06 am | BusinessDesk
Dec. 1 (BusinessDesk) - The New Zealand dollar fell below 71 US cents after the Organisation of the Petroleum Exporting Countries agreed to supply cuts, driving up the price of crude oil and adding to positive sentiment for the greenback. More >>
NZX says Ralec case settled, no appeal by either party
Friday, 2 December 2016, 9:05 am | BusinessDesk
Dec. 1 (BusinessDesk) - NZX, the stock market operator, says it has settled all outstanding matters connected to the litigation by Ralec and neither party will appeal the decision. More >>
Scott Technology to boost staff in local markets
Friday, 2 December 2016, 9:03 am | BusinessDesk
Dec. 1 (BusinessDesk) - Investors in Scott Technology, the industrial robotics firm, have been told its order book remains at a high level, with moves afoot to increase its manufacturing capacity and the number of staff. More >>
NZ shares rise, A2 Milk and Tower gain, Spark falls
Friday, 2 December 2016, 8:03 am | BusinessDesk
Dec. 1 (BusinessDesk) - New Zealand shares rose, as investors cheered A2 Milk's growth plans while Tower turned around and Spark dropped More >>
While you were sleeping: Bond yields climb
Friday, 2 December 2016, 7:46 am | BusinessDesk
Dec. 2 (BusinessDesk) -Yields on US Treasuries climbed and Wall Street was mixed, as energy and bank stocks rose while tech stocks slid, amid bets that economic growth will accelerate. More >>
NZ home values rise at slowest annual pace in six months
Thursday, 1 December 2016, 3:50 pm | BusinessDesk
Dec. 1 (BusinessDesk) - New Zealand residential property values increased at the slowest annual pace in six months in November, as tougher lending restrictions constrain buyers. More >>
NZ terms of trade fall 1.8% in third quarter
Thursday, 1 December 2016, 3:05 pm | BusinessDesk
Dec. 1 (BusinessDesk) - New Zealand's terms of trade fell in the third quarter, reflecting a decline in the value, price and volume of exports. Dairy, meat and forestry shipments led the drop. More >>
