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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 504]
While you were sleeping: Hike "relatively soon"
Friday, 18 November 2016, 7:59 am | BusinessDesk
Nov. 18 (BusinessDesk) - Equities on both sides of the Atlantic gained, and so did the US dollar, after Federal Chair Janet Yellen’s testimony to Congress cemented bets the central bank will raise interest rates at its December meeting. More >>
$7.5M support package for small business hit by quake
Thursday, 17 November 2016, 5:28 pm | BusinessDesk
Nov. 17 (BusinessDesk) - The government has announced a staff support subsidy for small businesses facing a dramatic slump in turnover after this week's 7.8 magnitude earthquake that's stranded the coastal town of Kaikoura. More >>
Veritas shareholders vent spleen at Mad Butcher
Thursday, 17 November 2016, 3:40 pm | BusinessDesk
Nov. 17 (BusinessDesk) - Disgruntled Veritas Investments shareholders fired a salvo of questions over poor performance and the tanking share price for the group, which includes the Mad Butcher, Nosh, and Better Bar Company brands, at today’s annual ... More >>
Abano board repeats warning about Hutson offer
Thursday, 17 November 2016, 3:25 pm | BusinessDesk
Nov. 17 (BusinessDesk) - Abano Healthcare's board has reiterated its advice that shareholders should wait for a formal recommendation before accepting a partial takeover offer from dissident shareholders Anya and Peter Hutson and James Reeves, with the ... More >>
Precinct upbeat about Auckland
Thursday, 17 November 2016, 2:25 pm | BusinessDesk
Nov. 17 (BusinessDesk) - Precinct Properties New Zealand is upbeat about its tilt towards Auckland, where it sees downtown real estate underpinned by an expanding population, while in Wellington it prefers government tenancies over corporates. More >>
Heartland posts 21% gain in quarterly profit
Thursday, 17 November 2016, 1:38 pm | BusinessDesk
Nov. 17 (BusinessDesk) - Heartland Bank reported a 21 percent increase in quarterly profit, reflecting growth in its loan book, and affirmed its guidance for 2017 earnings to rise as much as 11 percent. More >>
Stride Property Group posts 21% gain in 1H earnings
Thursday, 17 November 2016, 1:22 pm | BusinessDesk
Nov. 17 (BusinessDesk) - Stride Property Group, which manages 71 properties worth $2 billion, posted a 21 percent gain in first-half earnings after restructuring its business. More >>
Rakon turns to first-half loss
Thursday, 17 November 2016, 1:20 pm | BusinessDesk
Nov. 17 (BusinessDesk) - Rakon, whose shareholders pushed sales director Darren Robinson from the board this year, posted a first-half loss, blaming a sluggish telecommunications network industry for lacklustre sales. More >>
Promisia plans to raise $1.3 mln in rights issue
Thursday, 17 November 2016, 1:18 pm | BusinessDesk
Nov. 17 (BusinessDesk) - Promisia Integrative, which makes a dietary supplement for sore joints, plans to raise $1.3 million in a rights issue at a 40 percent discount for working capital. More >>
NZ dollar falls as certainty grows for US rate hike
Thursday, 17 November 2016, 11:18 am | BusinessDesk
Nov. 17 (BusinessDesk) - The New Zealand dollar fell as the greenback rose to a level it has only touched once before since 2003 after Federal Reserve Bank of St. Louis President James Bullard said Donald Trump's presidential victory is unlikely ... More >>
Complectus puts off IPO
Thursday, 17 November 2016, 10:10 am | BusinessDesk
Nov. 16 (BusinessDesk) - Complectus, which owns the Perpetual Guardian supervisory business, shelved plans for an initial public offering with volatility in already uncertain markets heightened by this month's US presidential election. More >>
Qantas may target 'premium economy' segment in Dreamliners
Thursday, 17 November 2016, 10:01 am | BusinessDesk
Nov. 16 (BusinessDesk) - Qantas Airways' International boss Gareth Evans says the new Dreamliner Boeing 787-9 aircraft due in October next year will include “brand new premium economy”, pitching seats at the growing market between economy and ... More >>
Appeal Court turns down Fonterra bid to keep inferior terms
Thursday, 17 November 2016, 9:54 am | BusinessDesk
Appeal Court turns down Fonterra's bid to keep inferior terms for ex-NZDL suppliers More >>
Mandatory investor carbon reporting could spread to NZ
Thursday, 17 November 2016, 9:00 am | BusinessDesk
Nov. 16 (BusinessDesk) - New Zealand, Australia, and Canada could be among the first countries outside the European Union to follow France’s pioneering move this year to introduce mandatory climate change-related reporting for institutional investors, ... More >>
Former NZX boss Weldon 'bullied' Clear vendor, judge rules
Thursday, 17 November 2016, 8:58 am | BusinessDesk
Nov. 16 (BusinessDesk) - Former NZX chief executive Mark Weldon "bullied" one of the vendors of the Clear Grain Exchange and overstated what NZX was likely to invest in developing the platform, the judge in the case has found. More >>
Sanford annual profit more than doubles on weaker kiwi
Thursday, 17 November 2016, 8:57 am | BusinessDesk
Nov. 16 (BusinessDesk) - Sanford, New Zealand's largest listed fishing group, more than doubled annual profit as a weaker kiwi dollar and cheaper fuel bolstered earnings in the face of a smaller catch, and as year-earlier impairment charges weren't repeated. More >>
NZ dollar falls as greenback holds near 11-month high
Thursday, 17 November 2016, 8:55 am | BusinessDesk
Nov. 16 (BusinessDesk) - The New Zealand dollar fell as the greenback held near its highest levels in 11 months on speculation a Republican Party in control of government will cut taxes and spend more on infrastructure, stoking US growth, inflation and ... More >>
Sky TV takes media to court over use of rugby footage
Thursday, 17 November 2016, 8:46 am | BusinessDesk
Nov. 16 (BusinessDesk) - Sky Television said it’s still waiting on a date for the High Court action it filed last month against TVNZ, Fairfax, and NZME alleging the media companies breached the pay TV firm’s copyright by their use of rugby video ... More >>
NZ shares rise, led by NZ Refining, Summerset, Trustpower
Thursday, 17 November 2016, 8:43 am | BusinessDesk
Nov. 16 (BusinessDesk) - New Zealand shares rallied, led by New Zealand Refining Co, Summerset Group Holdings and Trustpower, while Auckland Airport dropped. More >>
While you were sleeping: Wall Street weakens
Thursday, 17 November 2016, 8:03 am | BusinessDesk
Nov. 17 (BusinessDesk) - Wall Street fell with bank stocks, while some tech shares including Apple continued a rebound from their recent slide, as investors reassessed their post-US election bets. More >>
