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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 506]
Turners strengthens ties with MTF
Tuesday, 15 November 2016, 4:28 pm | BusinessDesk
Nov. 15 (BusinessDesk) - Turners, the financial services firm formerly known as Dorchester Pacific, has strengthened its ties with Motor Trade Finance by funding a non-recourse loan product that will allow MTF’s franchisees and dealers to sell vehicles to ... More >>
Support package for Kaikoura top priority
Tuesday, 15 November 2016, 3:33 pm | BusinessDesk
Nov. 15 (BusinessDesk) - Economic Development Minister Steven Joyce has been charged with putting together a “business continuity package” for the South Island coastal town of Kaikoura after Monday’s massive earthquake cut the main highway connection ... More >>
NZ service activity picks up in October
Tuesday, 15 November 2016, 3:25 pm | BusinessDesk
Nov. 15 (BusinessDesk) - Activity in New Zealand's service sector, which accounts for about two-thirds of the economy, expanded last month as the country's tourism boom continues, adding to increased consumer spending from a swelling population. More >>
Trains, ferries running in Wgtn but Kiwirail faces issues
Tuesday, 15 November 2016, 1:49 pm | BusinessDesk
Nov. 15 (BusinessDesk) - Kiwirail says all Wellington passenger services are running today following yesterday's 7.5 magnitude earthquake near Kaikoura, while there is still "an enormous amount of work to do" in the South Island. More >>
Tower estimates quake could trim profit by up to $7.2 mln
Tuesday, 15 November 2016, 12:09 pm | BusinessDesk
Nov. 15 (BusinessDesk) - Tower says the cost of yesterday's 7.5 magnitude earthquake near Kaikoura in the upper South Island is limited by the insurer's reinsurance programme and can only hit profit by a maximum $7.2 million. More >>
NZ dollar little changed below 71 US cents as greenback
Tuesday, 15 November 2016, 11:59 am | BusinessDesk
Nov. 15 (BusinessDesk) - The New Zealand dollar was little changed, holding its ground against a greenback that's being driven up by rising US bond yields, amid expectations dairy prices will extend their gains at this week's auction. More >>
Trustee case settled out of court
Tuesday, 15 November 2016, 9:19 am | BusinessDesk
Nov. 14 (BusinessDesk) - Debenture holders of collapsed finance company Capital + Merchant will find out by the middle of next month the timing of any further distributions following the settlement of a long-running court claim against the firm’s trustee ... More >>
Smiths City posts revenue jump, switches lender
Tuesday, 15 November 2016, 9:16 am | BusinessDesk
Nov. 14 (BusinessDesk) - Smiths City Group, the Christchurch-based appliance and furniture retailer, says revenue increased by 18 percent in the six months to the end of October, partly due to its purchase of Furniture City. More >>
Statistics NZ delays tomorrow's retail trade release
Tuesday, 15 November 2016, 9:13 am | BusinessDesk
Nov. 14 (BusinessDesk) - Statistics New Zealand will put off tomorrow's scheduled release of the September quarter retail trade survey and provide a new schedule of upcoming releases after last night's 7.5 magnitude earthquake damaged its Wellington ... More >>
NPT appoints Northington Partners to consider proposal
Tuesday, 15 November 2016, 9:12 am | BusinessDesk
Nov. 14 (BusinessDesk) - Property investor NPT has appointed Northington Partners to consider a planned transaction put forward by minority shareholder Augusta Capital, as well as other alternative options. More >>
Pac Edge shares up 9% after positive results from trial
Tuesday, 15 November 2016, 9:10 am | BusinessDesk
Nov. 14 (BusinessDesk) - Pacific Edge shares have rallied after the cancer diagnostics company announced positive results from a trial of its bladder test. More >>
Some disruption to milk collection in North Canterbury
Tuesday, 15 November 2016, 9:09 am | BusinessDesk
Nov. 14 (BusinessDesk) - Fonterra Cooperative Group, the world's biggest dairy exporter, says Monday's earthquake in north Canterbury did not cause any major damage to its manufacturing sites, with all staff safe. More >>
Derek Handley offers to relocate US entrepreneurs to NZ
Tuesday, 15 November 2016, 9:07 am | BusinessDesk
Nov. 14 (BusinessDesk) - In the wake of the US election, Kiwi social and impact entrepreneur Derek Handley says he's had early interest in an offer to relocate American entrepreneurs to New Zealand if his activist venture capital firm invests in them. More >>
UPDATE: BNZ, Kiwibank call centres may face delays
Tuesday, 15 November 2016, 9:03 am | BusinessDesk
Nov. 14 (BusinessDesk) - Customers of Bank of New Zealand and Kiwibank may face delays in getting through to the lenders, with both banks' primary call-centres based in Wellington. More >>
No sign of repeat of 2011 emergency rate cut
Tuesday, 15 November 2016, 9:01 am | BusinessDesk
Nov. 14 (BusinessDesk) - The New Zealand dollar fell after the magnitude 7.5 earthquake in the upper South Island although the interest rate market showed no concerns that the Reserve Bank would cut interest rates as it did after the 2011 quake in Canterbury. More >>
Fletcher rises, Tower falls as investors assess quake impact
Tuesday, 15 November 2016, 8:28 am | BusinessDesk
Nov. 14 (BusinessDesk) - New Zealand shares rose, led by companies that stand to benefit from earthquake repairs such as Fletcher Building and Metro Performance Glass, while general insurer Tower was the biggest decliner. More >>
While you were sleeping: US Treasuries slide
Tuesday, 15 November 2016, 7:54 am | BusinessDesk
Nov. 15 (BusinessDesk) - US Treasuries dropped, while the greenback strengthened amid expectations that Donald Trump will boost government spending and inflation when he takes over the US presidency. More >>
BNZ, Kiwibank call centres may face delays after quake
Monday, 14 November 2016, 5:18 pm | BusinessDesk
Customers of Bank of New Zealand and Kiwibank may face delays in getting through to the lenders, with both banks' primary call-centres based in Wellington. More >>
UPDATE: Wellington's CentrePort suspends operations
Monday, 14 November 2016, 5:00 pm | BusinessDesk
Nov. 14 (BusinessDesk) - Wellington's CentrePort has suspended operations until further notice as it deals with damage to its buildings and liquefaction from last night's 7.5 magnitude earthquake. More >>
Earthquake road damage limits courier, freight services
Monday, 14 November 2016, 4:13 pm | BusinessDesk
Nov. 14 (BusinessDesk) - Some courier deliveries are continuing today following the 7.5 magnitude earthquake in the upper South Island which has killed two people and triggered tsunami warnings, although road damage will impact freight over the coming ... More >>
