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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 503]
Ports of Auckland does deal with KiwiRail
Friday, 18 November 2016, 11:14 pm | BusinessDesk
Nov. 18 (BusinessDesk) - Ports of Auckland said it had an agreement with KiwiRail to lift freight capacity between Auckland and the lower North Island after Wellington's port was knocked about by the Kaikoura earthquake. More >>
NZ dollar dips below 70 US cents, as market adjusts to Trump
Friday, 18 November 2016, 11:13 pm | BusinessDesk
NZ dollar dips below 70 US cents, as market adjusts to Trump, seen falling to 66 cts More >>
Tenon shareholders approve sale of US business
Friday, 18 November 2016, 11:03 pm | BusinessDesk
Nov. 18 (BusinessDesk) - Tenon shareholders have approved the sale of the wood processor's US business to New York-based buyout firm Blue Wolf Capital, allowing the company to make a $100 million capital return via a share cancellation. More >>
NZ consumer confidence rises to 19-month high
Friday, 18 November 2016, 4:47 pm | BusinessDesk
Nov. 18 (BusinessDesk) - New Zealand consumer confidence rose to its highest level in 19 months in November as rising employment, low inflation and a recovery in the dairy sector point to robust economic growth. More >>
Wgtn's waterfront PwC Centre project unscathed in earthquake
Friday, 18 November 2016, 4:05 pm | BusinessDesk
Nov. 18 (BusinessDesk) - Willis Bond & Co's PwC Centre project on Wellington's waterfront came through this week's 7.8 magnitude earthquake unscathed with no obvious damage or liquefaction on the site. More >>
Guy announces $5 mln primary sector support package
Friday, 18 November 2016, 3:53 pm | BusinessDesk
Nov. 18 (BusinessDesk) - The government will contribute at least $5 million in primary sector support to those affected by the Kaikoura earthquake and its aftershocks, Primary Industries Minister Nathan Guy said. More >>
Kathmandu forecasts first-half profit will match last year
Friday, 18 November 2016, 3:30 pm | BusinessDesk
Nov. 18 (BusinessDesk) - Kathmandu Holdings expects first-half profit to be in line with last year's as it struggles to grow sales and maintain margins. More >>
Cooks Global to raise up to $10M selling convertible notes
Friday, 18 November 2016, 2:58 pm | BusinessDesk
Nov. 18 (BusinessDesk) - Cooks Global Foods, which owns the master franchise rights for the Esquires Coffee chain outside of New Zealand and Australia, is seeking to raise up to $10 million via a convertible note sale to fund its growth in China and ... More >>
Seadragon 1H loss widens to $3.4mn
Friday, 18 November 2016, 2:56 pm | BusinessDesk
Nov. 18 (BusinessDesk) - Seadragon, the fish oil refiner, more than quadrupled its first-half loss with revenue falling as the company continued its transition to higher value Omega-3 fish oil products from Omega-2. More >>
Ryman expansion lifts first-half earnings
Friday, 18 November 2016, 12:51 pm | BusinessDesk
Nov. 18 (BusinessDesk) - Ryman Healthcare lifted first-half earnings and said it expects to report another record profit for the full year, as New Zealand’s largest retirement village operator inked higher sales and continues to expand. More >>
Fonterra hikes forecast payout 75 cts to $6/kgMS
Friday, 18 November 2016, 12:03 pm | BusinessDesk
Nov. 18 (BusinessDesk) - Fonterra Cooperative Group has raised its forecast payout to farmers by 75 cents per kilogram of milk solids as dwindling production in Europe, Australia and New Zealand in the face of firm demand has helped rebalance global ... More >>
Henry van der Heyden takes over as chair of Rabobank NZ
Friday, 18 November 2016, 9:21 am | BusinessDesk
Nov. 17 (BusinessDesk) - Henry van der Heyden has been appointed chairman of Rabobank New Zealand Limited, replacing John Palmer who has retired from the board. More >>
Govt investigating performance of Stats House
Friday, 18 November 2016, 9:18 am | BusinessDesk
Nov. 17 (BusinessDesk) - The government is investigating the performance of buildings including Statistics House following Monday morning's 7.8 magnitude earthquake, while more buildings have been cordoned off in central Wellington today. More >>
Steel & Tube flags increase in prices in early 2017
Friday, 18 November 2016, 9:17 am | BusinessDesk
Nov. 17 (BusinessDesk) - Steel & Tube Holdings boss Dave Taylor says a "dramatic upswing" in coking coal prices and higher iron ore prices meant there needs to be a hike in domestic steel prices in New Zealand next year. More >>
Key heads to Peru for talks on life after TPP
Friday, 18 November 2016, 9:15 am | BusinessDesk
Nov. 17 (BusinessDesk) - Prime Minister John Key makes a fleeting trip to Peru this weekend to attend the annual APEC leaders’ summit, having cut from his schedule a two-day trade mission to Argentina en route after Monday’s earthquakes required ... More >>
80 offshore service suppliers register to pay GST
Friday, 18 November 2016, 9:13 am | BusinessDesk
Nov. 17 (BusinessDesk) - More than 80 offshore suppliers of remote services have registered for goods and services tax since the government widened its net to apply GST to cross-border services such as streaming video, e-books, music, and software ... More >>
BNZ says Wgtn office will be closed for months
Friday, 18 November 2016, 9:10 am | BusinessDesk
Nov. 17 (BusinessDesk) - Bank of New Zealand expects it will be months as opposed to weeks before it re-opens its Wellington office owned by CentrePort, who has hired Fletcher Building for the remediation job. More >>
Minister says DHB offer "pretty good and reasonable"
Friday, 18 November 2016, 9:05 am | BusinessDesk
Nov. 17 (BusinessDesk) - Health Minister Jonathan Coleman has told a medical conference that the pay and conditions offer to junior doctors is "a pretty good and reasonable offer." More >>
NZ dollar little changed as US dollar's rally pauses
Friday, 18 November 2016, 9:01 am | BusinessDesk
Nov. 17 (BusinessDesk) - The New Zealand dollar was little changed against the greenback as the US dollar index reached technical resistance levels, while the kiwi extended its gains against the Aussie after weaker-than-expected jobs data. More >>
NZ shares dip, Metro Glass and Fletcher Building fall
Friday, 18 November 2016, 9:00 am | BusinessDesk
Nov. 17 (BusinessDesk) - New Zealand shares dipped, led lower by Orion Health Group and Metro Performance Glass, while New Zealand Refining Co gained on improved margins. More >>
