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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 508]
Seeka lifts 2016 guidance following insurance settlement
Friday, 11 November 2016, 1:10 pm | BusinessDesk
Nov. 11 (BusinessDesk) - Seeka, the largest kiwifruit grower in New Zealand and Australia, says it has settled a second insurance claim from a 2015 fire, and has updated its earnings guidance to reflect the "extraordinary gain". More >>
Regulator pushes back decision on Sky TV-Vodafone merger
Friday, 11 November 2016, 1:06 pm | BusinessDesk
Nov. 11 (BusinessDesk) - Sky Network Television said the date for a decision on its Commerce Commission application to merge with Vodafone New Zealand has been pushed back to Dec. 21 from today to let the regulator process new submissions and cross ... More >>
Infratil first-half earnings fall 7.1%
Friday, 11 November 2016, 12:44 pm | BusinessDesk
Nov. 11 (BusinessDesk) - Infratil reported a 7.1 percent fall in earnings as the listed infrastructure investor's Perth Energy division faced difficult retail conditions in Western Australia, and the company now sees its annual result tracking at the ... More >>
AFT Pharmaceuticals says first-half loss widened to $8.4M
Friday, 11 November 2016, 12:43 pm | BusinessDesk
Nov. 11 (BusinessDesk) - AFT Pharmaceuticals, the maker of ibuprofen-paracetamol painkiller Maxigesic, said its operating loss widened in the first half as it continues with its global rollout and trials new versions of its products. More >>
Greenback benefits from Trump's 'inflationary' plans
Friday, 11 November 2016, 12:04 pm | BusinessDesk
Nov. 11 (BusinessDesk) - The New Zealand dollar extended its decline amid speculation US president-elect Donald Trump's policy plans such as tax cuts and infrastructure spending will stoke the American economy and inflation. More >>
MARKET CLOSE: NZ shares recoup Trump losses
Friday, 11 November 2016, 9:42 am | BusinessDesk
MARKET CLOSE: NZ shares recoup Trump losses, gains led by A2 Milk, Heartland Bank, Fletcher Building More >>
Trump's trade position potentially 'significant' for NZ
Friday, 11 November 2016, 9:32 am | BusinessDesk
Nov. 10 (BusinessDesk) - US President-elect Donald Trump's stance on trade in a world where countries are putting up more barriers could be serious for New Zealand, says Reserve Bank governor Graeme Wheeler. More >>
RBNZ sees pressures building in Auckland construction sector
Friday, 11 November 2016, 9:27 am | BusinessDesk
Nov. 10 (BusinessDesk) - The Reserve Bank is wary of emerging pressures in the construction sector, saying local building firms may not have the capacity to cope with an increased workload in Auckland. More >>
Trade Me boss takes new Facebook Marketplace very seriously
Friday, 11 November 2016, 9:25 am | BusinessDesk
Nov. 10 (BusinessDesk) - Trade Me Group chief executive Jon Macdonald told investors at the company's annual meeting that the company takes the arrival of Facebook marketplace very seriously, but that he believes the market can be defended. More >>
NZ dollar falls as Trump election stokes volatility
Friday, 11 November 2016, 9:08 am | BusinessDesk
Nov. 10 (BusinessDesk) - The New Zealand dollar fell as the election of Donald Trump to the White House stoked volatility across financial markets and the Reserve Bank left the door open to intervening in foreign exchange markets as a means to lean ... More >>
While you were sleeping: Dow hits record high
Friday, 11 November 2016, 7:51 am | BusinessDesk
Nov. 11 (BusinessDesk) - Wall Street advanced, with the Dow climbing to a record high, while US Treasuries slid, amid bets that US President-elect Donald Trump will spend more and regulate less. More >>
Vital Healthcare prepared for growth after capital raise
Thursday, 10 November 2016, 5:12 pm | BusinessDesk
Nov. 10 (BusinessDesk) - Vital Healthcare Property Trust, the Auckland-based hospital and healthcare property developer and investor which raised $160 million in July to help fund its growth strategy, says it's in a strong position for growth following ... More >>
RBNZ's Wheeler has 'open mind' on currency intervention
Thursday, 10 November 2016, 3:27 pm | BusinessDesk
Nov. 10 (BusinessDesk) - Reserve Bank governor Graeme Wheeler says he has an "open mind" on intervening in foreign exchange markets as the strong kiwi dollar continues to keep a lid on inflation. The currency fell on concerns it was approaching levels ... More >>
Vensa Health launches free patient appointment system
Thursday, 10 November 2016, 3:09 pm | BusinessDesk
Nov. 10 (BusinessDesk) - Mobile health solutions company Vensa Health is offering doctors a free system that allows patients to book their own appointments via the web or mobile following the launch of its new online platform. More >>
Goodman Property lifts 1H profit by 38%
Thursday, 10 November 2016, 3:08 pm | BusinessDesk
Nov. 10 (BusinessDesk) - Goodman Property Trust, the NZX-listed commercial and industrial property investor, lifted first-half profit 38 percent, largely due to valuation gains on its investment properties, and maintained its full-year guidance. More >>
NZ guest nights hit new record in September
Thursday, 10 November 2016, 2:56 pm | BusinessDesk
Nov. 10 (BusinessDesk) - In a week when Prime Minister John Key warned the country's hotel accommodation is "getting squeezed" from record tourism levels, the latest data shows guest night records are continuing to be broken. More >>
Mainfreight's Braid feels let down by lack of capacity
Thursday, 10 November 2016, 2:12 pm | BusinessDesk
Nov. 10 (BusinessDesk) - Mainfreight managing director Don Braid says he will take on more trucks and ships in the lead-up to what he expects to be record pre-Christmas volumes in New Zealand because KiwiRail doesn't have enough rolling stock to deliver ... More >>
NZ shares bounce back from initial US election selloff
Thursday, 10 November 2016, 2:02 pm | BusinessDesk
Nov. 10 (BusinessDesk) - New Zealand shares rallied in early trading, regaining ground shed in the immediate aftermath of Donald Trump victory, as equity market investors deemed the change at the White House would benefit US economic growth. More >>
Z Energy lifts dividend as Caltex contributes
Thursday, 10 November 2016, 1:16 pm | BusinessDesk
Z Energy lifts dividend as Caltex contributes to 22% gain in first-half profit, increased volumes More >>
UPDATE: RBNZ's Wheeler cuts OCR
Thursday, 10 November 2016, 1:13 pm | BusinessDesk
Nov. 10 (BusinessDesk) - Reserve Bank governor Graeme Wheeler cut the official cash rate to a new record low to try to stoke inflation in an economy growing ahead of expectations and signalled the end of the easing cycle. The kiwi dollar gained after ... More >>
