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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 502]
NZ dollar little changed at about 70 US cents
Tuesday, 22 November 2016, 9:15 am | BusinessDesk
Nov. 21 (BusinessDesk) - The New Zealand dollar was little changed at about 70 US cents and is poised to extend its 5.2 percent decline of the past two weeks as surging US bond yields sap the appeal of returns from the kiwi. More >>
Metro Glass falls while Kiwi Property gains on 1H earnings
Tuesday, 22 November 2016, 9:12 am | BusinessDesk
Nov. 21 (BusinessDesk) - New Zealand shares were mixed with Metro Performance Glass falling while Kiwi Property Group and Evolve Education Group gained following their first-half earnings. More >>
NZ producer input, output prices rise on rebound in dairy
Tuesday, 22 November 2016, 9:10 am | BusinessDesk
Nov. 21 (BusinessDesk) - New Zealand producer input and output prices rose in the third quarter, largely on the back of the rebound in prices of dairy products and the resulting upgrades to the farmgate milk payout. More >>
Leaky building owners say cladding defects "gut-wrenching"
Tuesday, 22 November 2016, 9:09 am | BusinessDesk
Ray and Marilyn Richards say their Mt Manganui leaky home recently sold for $350,000 below market value because of problems with the plaster cladding, now the subject of an estimated $250 million class action against James Hardie. More >>
NZ export log prices rise, domestic market strong
Monday, 21 November 2016, 4:18 pm | BusinessDesk
Nov. 21 (BusinessDesk) - New Zealand export log prices rose for a third straight month in November, aided by low shipping rates and demand from China, the country's largest export market. More >>
Evolve lifts 1H profit 11%
Monday, 21 November 2016, 3:42 pm | BusinessDesk
Nov. 21 (BusinessDesk) - Evolve Education Group, the childcare centre operator, lifted first-half profit by 11 percent as it looks to increase its centre numbers over the next two years. More >>
James Hardie class action begins in Auckland
Monday, 21 November 2016, 3:20 pm | BusinessDesk
Nov. 21 (BusinessDesk) - Building owners taking part in a $250 million cladding class action against James Hardie have packed the courtroom gallery for the start of interlocutory applications at the High Court in Auckland. More >>
NZ retail sales rise 0.9% in third quarter
Monday, 21 November 2016, 3:09 pm | BusinessDesk
Nov. 21 (BusinessDesk) - New Zealand retail sales rose in the third quarter, led by increased spending on vehicles and fuel. More >>
Blis Technologies posts positive first-half earnings
Monday, 21 November 2016, 3:07 pm | BusinessDesk
Blis Technologies posts positive first-half earnings, putting it on track for first annual profit since listing More >>
Vital Healthcare pays A$24M for Melbourne medical centre
Monday, 21 November 2016, 3:00 pm | BusinessDesk
Nov. 21 (BusinessDesk) - Vital Healthcare Property Trust, the hospital and healthcare property developer, paid A$24.4 million for a majority interest in a medical centre in Melbourne, Australia, and spent A$10 million acquiring sites to enable future ... More >>
Metro Glass lifts 1H profit 5% on strong local construction
Monday, 21 November 2016, 1:52 pm | BusinessDesk
Nov. 21 (BusinessDesk) - Metro Performance Glass, which has more than half the country's glass processing market, lifted first-half profit 5 percent as it benefited from a strong local construction market and booked a gain from its Australian acquisition. More >>
Govt considering ‘family package’ rather than tax cuts alone
Monday, 21 November 2016, 1:34 pm | BusinessDesk
Nov. 21 (BusinessDesk) - The government is considering an election year budget that includes a mixture of tax and other measures aimed at lower income families, Prime Minister John Key said. More >>
Restaurant Brands raises $94 million for Hawaiian business
Monday, 21 November 2016, 1:26 pm | BusinessDesk
Nov. 21 (BusinessDesk) - Restaurant Brands NZ successfully raised $94 million through a sale of shares to investors, helping fund its planned purchase of Pacific Island Restaurants, the largest fast-food operator in Hawaii with 82 Taco Bell and Pizza ... More >>
NZ dollar falls below 70 US cents
Monday, 21 November 2016, 12:11 pm | BusinessDesk
Nov. 21 (BusinessDesk) - The New Zealand dollar fell below 70 US cents to the lowest since late July as the greenback extended its rally on speculation US president-elect Donald Trump will enact policies that stoke economic growth. More >>
World Week Ahead: Fed minutes, OPEC
Monday, 21 November 2016, 11:59 am | BusinessDesk
Nov. 21 (BusinessDesk) - Investors will dissect minutes from the latest Federal Reserve policy meeting released in a week shortened by the US Thanksgiving holiday. More >>
Key crowns APEC summit with China free-trade upgrade
Monday, 21 November 2016, 11:56 am | BusinessDesk
Nov. 21 (BusinessDesk) - New Zealand and China have agreed to renegotiate the historic free-trade agreement between the two countries, in an announcement at the APEC leaders’ summit in the Peruvian capital, Lima, dominated by discussion about the baton on ... More >>
Key gives Facebook's Zuckerberg a serve on tax fairness
Monday, 21 November 2016, 9:14 am | BusinessDesk
Nov. 21 (BusinessDesk) - Prime Minister John Key used a face-to-face meeting with Facebook founder Mark Zuckerberg to tell him the multi-national social media platform needs to deal with its “PR issue” as a company perceived not to be paying its ... More >>
TPP countries gang up on US, talk 'TPP-minus-1'
Saturday, 19 November 2016, 10:18 pm | BusinessDesk
Nov. 19 (BusinessDesk) - Leaders of Asia-Pacific countries gathering in the Peruvian capital, Lima, for an annual summit are talking up the potential to complete the Trans-Pacific Partnership trade and investment agreement "minus one": the ... More >>
MTF lifts full-year sales, underlying profit falls
Friday, 18 November 2016, 11:21 pm | BusinessDesk
Nov. 18 (BusinessDesk) - Motor Trade Finance says it will attempt to woo auto dealerships with new technology and non-recourse loan products such as it arranged with Turners after acknowledging a loss of market share in its latest year and a 2.3 percent decline ... More >>
MARKET CLOSE: NZ shares rise, led by Auckland Airport
Friday, 18 November 2016, 11:15 pm | BusinessDesk
Nov. 18 (BusinessDesk) - New Zealand shares rose as buyers came back into the market, led upwards by Auckland International Airport and Ryman Healthcare while Kathmandu Holdings dropped. More >>
