Scoop has an Ethical Paywall
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 519]
Global Woman wants 30% target for female directors
Tuesday, 25 October 2016, 4:18 pm | BusinessDesk
Oct. 25 (BusinessDesk) - Diversity champion, Global Women, wants to see a minimum target of 30 percent female board composition of NZX-listed companies as a best-practice standard benchmarked globally by 2020. More >>
Indian arrivals at Auckland Airport tumble
Tuesday, 25 October 2016, 4:04 pm | BusinessDesk
Oct. 25 (BusinessDesk) - Auckland International Airport passenger movements show the number of Indians arriving in the country's main point of entry are declining, just at a time when Prime Minister John Key is trying to sell New Zealand to the ... More >>
Adshel takeover triggers NZME option to buy NZ business
Tuesday, 25 October 2016, 3:57 pm | BusinessDesk
Oct. 25 (BusinessDesk) - APN News & Media's A$268 million buy-out of its Adshel partner has triggered a clause that gives its former NZME subsidiary the right to buy the outdoor advertising unit's New Zealand assets on the same terms. More >>
Police undecided on whether to buy back Wynyard software
Tuesday, 25 October 2016, 1:56 pm | BusinessDesk
Oct. 25 (BusinessDesk) - New Zealand Police is undecided on whether to exercise a $1 buyback option for Wynyard Group's digital forensic software which it sold to the failed intelligence software developer in 2012. More >>
Abano expects 50% lift in 2017 first-half profit
Tuesday, 25 October 2016, 12:31 pm | BusinessDesk
Oct. 25 (BusinessDesk) - Abano Healthcare, the Australasian dental centre and radiology operator, told shareholders at today's annual meeting it expects to lift first-half profit by up to 50 percent in 2017 with increased earnings driven by dental acquisitions. More >>
NZ export log prices firm in October
Tuesday, 25 October 2016, 10:42 am | BusinessDesk
Oct. 25 (BusinessDesk) - New Zealand export log prices firmed in October, aided by low shipping rates and solid demand from China, the country's largest export market. More >>
RBNZ to replace 90-day bank bill projection for track of OCR
Tuesday, 25 October 2016, 10:12 am | BusinessDesk
Oct. 25 (BusinessDesk) - The Reserve Bank will replace its projection for the track of the 90-day bank bill rate with one for the official cash rate, saying the 90-day rate is no longer a clear signal for the direction of interest rates. More >>
Wynyard calls in administrators after giving up on $10M loan
Tuesday, 25 October 2016, 9:08 am | BusinessDesk
Oct. 25 (BusinessDesk) - Wynyard Group's board has appointed voluntary administrators after the intelligence software developer gave up on drawing a $10 million loan from major shareholder Skipton Building Society or trying to raise new capital. More >>
NZ dollar retreats at signs of stronger US economy
Tuesday, 25 October 2016, 8:53 am | BusinessDesk
Oct. 25 (BusinessDesk) - The New Zealand dollar fell against a broadly stronger US dollar after figures showed US manufacturing activity at its highest levels this year, driving up the greenback. More >>
Angel backers favour follow-on investment over new money
Tuesday, 25 October 2016, 8:28 am | BusinessDesk
Oct. 25 (BusinessDesk) - Kiwi angel investors put most of their money into follow-on investment rather than backing new start-ups in the first six months of the year, according to the latest Young Company Finance Index. More >>
While you were sleeping: Sentiment lifts Wall St
Tuesday, 25 October 2016, 7:48 am | BusinessDesk
Oct. 25 (BusinessDesk) - Wall Street gained on optimism about the outlook for corporate earnings, and a fresh wave of merger activity including AT&T’s agreement to buy Time Warner also bolstered sentiment. More >>
World Week Ahead: Earnings optimism increases
Monday, 24 October 2016, 9:47 pm | BusinessDesk
Oct. 24 (BusinessDesk) - As the latest corporate earnings season gathers steam, with Apple and Alphabet among the US companies reporting this week, so is optimism about the outlook. More >>
Comvita share placement lifts Chinese investor's stake to 9%
Friday, 21 October 2016, 9:25 pm | BusinessDesk
Oct. 21 (BusinessDesk) - Manuka honey and health products company Comvita has placed some 2 million ordinary shares with China Resources Ng Fung, taking the Shenzhen-based Chinese food giant's stake from less than 5 percent to around 9 percent. More >>
MARKET CLOSE: NZ shares dragged lower by SkyCity
Friday, 21 October 2016, 9:23 pm | BusinessDesk
Oct. 21 (BusinessDesk) - New Zealand shares were mixed, with the index dragged lower by SkyCity Entertainment Group while Orion Health Group and Kathmandu Holdings rallied. More >>
NZ dollar falls as ECB comments help lift greenback
Friday, 21 October 2016, 9:21 pm | BusinessDesk
Oct. 21 (BusinessDesk) - The New Zealand dollar fell against a broadly stronger US dollar after the European Central Bank said it was in no hurry to end quantitative easing measures, although the local currency is still on track for a 1.2 percent ... More >>
Guy removes Fonterra raw milk access requirements
Friday, 21 October 2016, 4:28 pm | BusinessDesk
Oct. 21 (BusinessDesk) - The government is suggesting Fonterra Cooperative Group will no longer have to sell raw milk to large independent processors from the 2019 season onwards. More >>
Zespri's latest forecast holds profit steady
Friday, 21 October 2016, 4:12 pm | BusinessDesk
Oct. 21 (BusinessDesk) - Kiwifruit marketer Zespri has reiterated its forecast profit range for the 2017 financial year of between $66 million to $71 million despite an expected decline in returns from gold varieties. More >>
Seeka predicts increased annual profit in 2016
Friday, 21 October 2016, 4:08 pm | BusinessDesk
Oct. 21 (BusinessDesk) - Seeka Kiwifruit Industries, the largest kiwifruit grower in New Zealand and Australia, is forecasting up to an 86 percent lift in annual net profit in 2016, and is changing its name to just Seeka. More >>
Chinese crackdown on foreign gambling will hurt revenue
Friday, 21 October 2016, 2:08 pm | BusinessDesk
SkyCity Entertainment Group interim chief executive John Mortensen has warned there will be a drop in the immediate term in the business it gets from high-rollers following a Chinese government corruption crackdown which has led to detention of 18 Australian ... More >>
Fonterra farmer directors retire
Friday, 21 October 2016, 12:16 pm | BusinessDesk
Oct. 21 (BusinessDesk) - Two longtime Fonterra Cooperative Group farmer directors Malcolm Bailey and Ian Farrelly will retire from the board in December, the cooperative says. More >>
