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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 522]
NZ dollar extends gains after inflation data, dairy auction
Wednesday, 19 October 2016, 9:11 am | BusinessDesk
Oct. 19 (BusinessDesk) - The New Zealand dollar extended its gains after stronger-than-expected third-quarter inflation and the first increase in whole milk powder prices in three GlobalDairyTrade auctions. More >>
Dairy product prices rise with whole milk powder
Wednesday, 19 October 2016, 8:54 am | BusinessDesk
Oct. 19 (BusinessDesk) - Dairy product prices inched higher at the Global Dairy Trade auction, increasing for the fifth time in six auctions. More >>
While you were sleeping: Earnings lift US stocks
Wednesday, 19 October 2016, 7:51 am | BusinessDesk
Oct. 19 (BusinessDesk) - Wall Street climbed as companies including UnitedHealth and Goldman Sachs reported earnings that beat expectations, bolstering confidence about valuations. More >>
Dairy product prices rise with whole milk powder
Wednesday, 19 October 2016, 7:09 am | BusinessDesk
Oct. 19 (BusinessDesk) - Dairy product prices inched higher at the Global Dairy Trade auction, increasing for the fifth time in six auctions. More >>
Wife of A2 Milk director builds stake
Tuesday, 18 October 2016, 10:56 pm | BusinessDesk
Oct. 18 (BusinessDesk) - The wife of a senior director at A2 Milk has built a stake of 260,000 shares in the business in a series of trades earlier this month, documents filed to the NZX show. More >>
MARKET CLOSE: NZX50 falls below 7,000 as weakness continues
Tuesday, 18 October 2016, 10:55 pm | BusinessDesk
Oct. 18 (BusinessDesk) - New Zealand shares fell again, hitting a three-month low as the main index fell below 7,000 for the first time since July. Summerset Holdings, Genesis Energy and Fletcher Building led the losses. More >>
NZ dollar gains after stronger-than-expected inflation data
Tuesday, 18 October 2016, 5:33 pm | BusinessDesk
The local currency rose to 71.85 US cents as at 5pm in Wellington from 71 cents late yesterday. The trade-weighted index rose to 77.10 from 76.44. More >>
ComCom expects NZME/Fairfax ruling to get int'l attention
Tuesday, 18 October 2016, 5:29 pm | BusinessDesk
Oct. 18 (BusinessDesk) - The chair of the Commerce Commission, Mark Berry, has said he expects the outcome of their ruling on the NZME/Fairfax Media merger proposal to be of international interest. More >>
Tourism Holdings says 2017 profit may rise as much as 17%
Tuesday, 18 October 2016, 5:22 pm | BusinessDesk
Oct. 18 (BusinessDesk) - Tourism Holdings said profit in the 2017 year may rise as much as 17 percent as the campervan rental company benefits from increased visitor numbers and is open to acquisitions which could be funded by debt. More >>
Didipio audit report finds miner complies with law
Tuesday, 18 October 2016, 3:46 pm | BusinessDesk
Oct. 18 (BusinessDesk) - Oceanagold Corp, the NZX-listed gold miner, says an audit of its Didipio mine by the Philippines' Department of Environment and Natural Resources (DENR) found it was in compliance with its permits but must do more to communicate ... More >>
Bestdeals pleads guilty as regulator continues crackdown
Tuesday, 18 October 2016, 2:48 pm | BusinessDesk
Oct. 18 (BusinessDesk) - Truck shop operator Bestdeals 4 You has pleaded guilty to 19 charges of breaching the Fair Trading Act as well as the Credit Contracts and Consumer Finance Act in Auckland's District Court. More >>
Fletcher Building reiterates 2017 earnings guidance
Tuesday, 18 October 2016, 12:49 pm | BusinessDesk
Oct. 18 (BusinessDesk) - Fletcher Building reiterated its forecast for 2017 operating earnings while lifting the amount it plans to spend on land for housing as it chases a target of boosting the number of homes it brings to market each year. More >>
PGG Wrightson warns annual operating earnings likely to fall
Tuesday, 18 October 2016, 12:21 pm | BusinessDesk
Oct. 18 (BusinessDesk) - PGG Wrightson expects operating earnings to decline this year, snapping three years of growth, amid weakness in some of the key agricultural commodity markets it has exposure to. More >>
Windflow Technology cuts UK business due to policy changes,
Tuesday, 18 October 2016, 11:49 am | BusinessDesk
Oct. 18 (BusinessDesk) - Windflow Technology, the unprofitable wind turbine manufacturer, says it's reducing activity in the UK to the maintenance of its existing fleet due to policy moves away from wind power. More >>
NZ inflation slows to 0.2% pace in third quarter
Tuesday, 18 October 2016, 11:14 am | BusinessDesk
Oct. 18 (BusinessDesk) - New Zealand inflation slowed in the third quarter as a drop in transport-related prices such as vehicle relicensing fees offset higher vegetable and housing-related prices. More >>
MPI blocks palm kernel-carrying ship from NZ
Tuesday, 18 October 2016, 10:48 am | BusinessDesk
Oct. 18 (BusinessDesk) - A ship carrying 23,000 tonnes of palm kernel expeller (PKE) will not be allowed to unload its cargo in New Zealand, the Ministry for Primary Industries said. More >>
Spark MD gifts 6,000 shares to executive assistant
Tuesday, 18 October 2016, 10:30 am | BusinessDesk
Oct. 18 (BusinessDesk) - Spark managing director Simon Moutter has gifted 6,000 shares in the company to his executive assistant, Mary-Anne Powell, showing appreciation for many years of service. More >>
Chorus announces new deal with Crown Fibre
Tuesday, 18 October 2016, 10:09 am | BusinessDesk
Oct. 18 (BusinessDesk) - Chorus, the telecommunications network operator, will continue to provide free non-standard residential ultrafast broadband installations until 2019, under an agreement with Crown Fibre Holdings which could see its debt repayments ... More >>
Electricity Authority pushes price issue into election year
Tuesday, 18 October 2016, 10:07 am | BusinessDesk
Oct. 18 (BusinessDesk) - The Electricity Authority is to undertake another round of submissions on its politically charged proposals that would raise the price of electricity for Auckland, Northland and the South Island's west coast by changing ... More >>
Futures signal whole milk powder prices will rise at GDT
Tuesday, 18 October 2016, 9:18 am | BusinessDesk
Oct. 17 (BusinessDesk) - The price for New Zealand's key dairy product, whole milk powder, is expected to rise at this week's GlobalDairyTrade auction after two consecutive declines, according to traders who are pricing in a lift on the NZX futures market. More >>
