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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 51]
MARKET CLOSE: NZ shares edge higher
Friday, 14 June 2019, 8:42 pm | BusinessDesk
June 14 (BusinessDesk) - New Zealand shares rose with blue-chips including Auckland International Airport and Ebos Group hitting new highs as investors remain uncertain about whether US and Australian central banks will cut interest rates. Summerset ... More >>
NZ dollar weakens on global tensions
Friday, 14 June 2019, 8:15 pm | BusinessDesk
June 14 (BusinessDesk) - The New Zealand dollar weakened and is headed for a weekly loss of more than 1 US cent amid ominous developments in the Gulf of Oman and as the escalation of Chinese anti-dumping duties on some steel products made traders ... More >>
Burger Fuel turns to profit as it changes direction
Friday, 14 June 2019, 7:06 pm | BusinessDesk
June 14 (BusinessDesk) - Burger Fuel Worldwide says it posted a $1.2 million net profit for the year ended March, a turnaround from the previous year’s $463,000 net loss, as it transitions to a new business model. More >>
Contact secures winter gas from OMV
Friday, 14 June 2019, 4:45 pm | BusinessDesk
June 14 (BusinessDesk) - Contact Energy says it has bought a winter gas supply from OMV as part of a deal that will also give it access to future supplies from the Maui field. More >>
Arrow International liquidators find $40M of notional assets
Friday, 14 June 2019, 4:29 pm | BusinessDesk
June 14 (BusinessDesk) - The first liquidators reports on Arrow International say the company’s main subsidiary has a notional $40 million available for unsecured creditors, not including $4.5 million in retentions held in trust. More >>
Forestry encroachment an issue for councils - Sage
Friday, 14 June 2019, 3:11 pm | BusinessDesk
June 14 (BusinessDesk) - Forestry encroachment onto higher-value farm land is an issue for councils to manage, Lands Minister Eugenie Sage says. More >>
NZSA concerned Kiwi Property paying too much in dividends
Friday, 14 June 2019, 2:45 pm | BusinessDesk
June 14 (BusinessDesk) - The New Zealand Shareholders' Association says it is concerned that Kiwi Property Group is paying out more in dividends than it is taking in as cash. More >>
NZ food prices rise an annual 1.7% in May, rental inflation
Friday, 14 June 2019, 2:43 pm | BusinessDesk
June 14 (BusinessDesk) - New Zealand food prices rose an annual 1.7 percent in May, boosted by more expensive groceries and restaurant and ready-to-eat food. More >>
Provincial centres lead the way in UFB uptake
Friday, 14 June 2019, 2:24 pm | BusinessDesk
June 14 (BusinessDesk) - Provincial centres have shown the greatest willingness to adopt ultrafast broadband, with deeper penetration in the likes of Nelson, Tauranga and Hamilton than in the nation's major urban centres. More >>
Manufacturing grows at slowest pace in more than six years
Friday, 14 June 2019, 1:34 pm | BusinessDesk
June 14 (BusinessDesk) - Manufacturing activity grew at its slowest pace in more than six years last month, and barely remained in expansionary territory. More >>
House price inflation ticked up a tad in May
Friday, 14 June 2019, 12:46 pm | BusinessDesk
June 14 (BusinessDesk) - House price inflation edged marginally higher in May, suggesting the government’s decision in April to shelve a capital gains tax and the Reserve Bank’s decision to cut interest rates early in May have started to take effect. More >>
NZ dollar range-bound as rate cut speculation continues
Friday, 14 June 2019, 11:10 am | BusinessDesk
June 14 (BusinessDesk) - The kiwi kept to a tight range as weak data in the US and Australia fuelled speculation of possible rate cuts in those economies. More >>
MARKET CLOSE: NZ stocks edge higher
Thursday, 13 June 2019, 8:58 pm | BusinessDesk
June 13 (BusinessDesk) - New Zealand shares shook off soft international leads, edging higher as blue-chip stocks including Ebos Group, Auckland International Airport and Mainfreight all hit records. More >>
NZSA to vote against Peter Huljich's election
Thursday, 13 June 2019, 8:36 pm | BusinessDesk
June 13 (BusinessDesk) - The New Zealand Shareholders Association says it will vote all the proxies it holds against the election of Peter Huljich as a non-independent director to Pushpay Holdings’ board. More >>
NZ dollar gains against Aussie on increased odds of RBA cut
Thursday, 13 June 2019, 8:35 pm | BusinessDesk
June 13 (BusinessDesk) - The New Zealand dollar gained against the Australian dollar after mixed jobs data drove Australian wholesale interest rates to record lows. More >>
Status of split decisions may figure in review
Thursday, 13 June 2019, 8:34 pm | BusinessDesk
June 13 (BusinessDesk) - The status of split ministerial decisions on land purchases by overseas investors may be considered in the next phase of a review of the Overseas Investment Act, Lands Minister Eugenie Sage says. More >>
Gas reserves increase 7%, led by gains at Pohokura, Kapuni
Thursday, 13 June 2019, 6:54 pm | BusinessDesk
June 13 (BusinessDesk) - Development and appraisal work helped increase the country’s natural gas and LPG reserves by about 7 percent last year, according to government data. More >>
China's appetite for NZ red meat is surging
Thursday, 13 June 2019, 4:17 pm | BusinessDesk
June 13 (BusinessDesk) - China has been New Zealand’s largest market for red meat for some time and growth in that market is surging. More >>
Govt to introduce new film worker law next year
Thursday, 13 June 2019, 4:16 pm | BusinessDesk
June 13 (BusinessDesk) - The government expects to have a new legislative framework in place next year to let film workers negotiate collectively but it won't include all screen work. More >>
NZ dairy industry to invest $25.7m to improve national herd
Thursday, 13 June 2019, 4:11 pm | BusinessDesk
June 13 (BusinessDesk) - New Zealand's dairy industry is investing $25.7 million in an innovation project to produce better cows. More >>
