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 527]
Dave Henderson's tax conviction appeal tossed out
Tuesday, 11 October 2016, 8:32 am | BusinessDesk
Oct. 10 (BusinessDesk) - The Court of Appeal has dismissed Christchurch property developer David Henderson's bid to throw out tax convictions over claimed judicial bias. More >>
MARKET CLOSE: NZ shares drop for fifth session
Tuesday, 11 October 2016, 8:31 am | BusinessDesk
Oct. 10 (BusinessDesk) - New Zealand shares dropped for the fifth consecutive session to a near-three-month low, led down by Auckland International Airport, Ryman Healthcare and Chorus. More >>
While you were sleeping: Oil boosts stocks
Tuesday, 11 October 2016, 7:47 am | BusinessDesk
Oct. 11 (BusinessDesk) - Equities on both sides of the Atlantic rose with the price of oil after Russia signalled it will join an agreement to curb oil output. More >>
NZ dollar jumps as China weakens the yuan
Monday, 10 October 2016, 5:37 pm | BusinessDesk
Oct. 10 (BusinessDesk) - The New Zealand dollar strengthened sharply against the yuan after the Chinese central bank set its midpoint for trading between its currency and the US dollar at 6.7 yuan to the dollar, the lowest level in five years. More >>
FMA's case based on 'speculation, supposition and hindsight'
Monday, 10 October 2016, 4:48 pm | BusinessDesk
Oct. 10 (BusinessDesk) - The defence opened its evidence in the Financial Market Authority’s case against Milford Asset Management portfolio manager Mark Warminger saying it is based on “speculation, supposition, and retrospective hindsight”. More >>
Partnership targets better access for entrepreneurs
Monday, 10 October 2016, 3:42 pm | BusinessDesk
Oct. 10 (BusinessDesk) - The Trans-Tasman Business Circle and business growth and start-up incubator The Icehouse have formed a partnership designed to give entrepreneurs better access to large organisations. More >>
Bapcor's takeover tilt delays Hellaby boardroom refresh
Monday, 10 October 2016, 2:52 pm | BusinessDesk
Oct. 10 (BusinessDesk) - ASX-listed Bapcor's $322.5 million takeover bid for Hellaby Holdings has delayed the NZX-listed company's plans to freshen up its boardroom, chairman Steven Smith has told shareholders at its annual meeting in Auckland. More >>
Michael Hill delivers 6.8% sales growth in first quarter
Monday, 10 October 2016, 1:42 pm | BusinessDesk
Oct. 10 (BusinessDesk) - Michael Hill International, the jewellery chain business founded by its namesake, delivered 6.8 percent sales growth in the three months to Sept. 30 as it gears up for the busy Christmas period. More >>
Sam Morgan poised to leave Trade Me board
Monday, 10 October 2016, 1:09 pm | BusinessDesk
Sam Morgan is poised to leave the board of Trade Me, the company he founded and later sold in 2006, with plans to focus on early-stage businesses and his charitable trust. More >>
NZ lamb prices lift
Monday, 10 October 2016, 11:54 am | BusinessDesk
Oct. 10 (BusinessDesk) - New Zealand lamb meat prices advanced last month on lower supplies but analysts expect the uplift will be temporary due to weak demand in the UK market, where around two thirds of the country's lamb legs are exported. More >>
World Week Ahead: Earnings and Yellen
Monday, 10 October 2016, 9:07 am | BusinessDesk
Oct. 10 (BusinessDesk) - The latest US quarterly earnings season and a speech by Federal Reserve Chair Janet Yellen on Friday, days after the minutes from the September Fed meeting are released, are poised to dominate this week. More >>
NZ dollar gains vs. British pound after sterling crash
Monday, 10 October 2016, 9:04 am | BusinessDesk
Oct. 10 (BusinessDesk) - The New Zealand dollar gained against the British pound as investors continue to weigh up the impact of the UK's exit from the European Union, triggering a brief slump in sterling on Friday. More >>
MARKET CLOSE: NZ shares drop, Trade Me, Chorus, NZME fall
Friday, 7 October 2016, 6:36 pm | BusinessDesk
Oct. 7 (BusinessDesk) - New Zealand shares fell for the fourth straight session today, led lower by Trade Me Group, Chorus and NZME as News Corp sold its stake in the local news provider. More >>
News Corp dumps NZME stake at 11% discount
Friday, 7 October 2016, 6:29 pm | BusinessDesk
Oct. 7 (BusinessDesk) - Australian media giant News Corp has quit its stake in local media group NZME at a deep discount. More >>
NZ dollar heads for 2.1% weekly fall
Friday, 7 October 2016, 5:19 pm | BusinessDesk
Oct. 7 (BusinessDesk) - The New Zealand dollar is heading for a 2.1 percent weekly decline against the greenback in the lead-up to US employment data that will give investors another steer on whether the Federal Reserve will raise interest rates ... More >>
Ngatata Love jailed for 2 years 6 months over $1.5 mln fraud
Friday, 7 October 2016, 3:30 pm | BusinessDesk
Oct. 7 (BusinessDesk) - Former Treaty of Waitangi claims negotiator Ngatata Love has been sentenced to two years and six months in prison after being convicted of taking a secret payment of $1.5 million while chairman of the Wellington Tenths Trust. More >>
NZ wool prices mixed amid weak, volatile demand
Friday, 7 October 2016, 1:31 pm | BusinessDesk
Oct. 7 (BusinessDesk) - New Zealand wool prices were mixed at the latest weekly auction amid targeted buying, as demand remains soft so far this season. More >>
Merged Fairfax/NZME should have to sell a website
Friday, 7 October 2016, 1:30 pm | BusinessDesk
Oct. 7 (BusinessDesk) - MediaWorks says a merged Fairfax/NZME news operation should have to sell one or other of the New Zealand Herald or Stuff websites to get regulatory approval, because of the high barriers to entry to an alternative, credible national ... More >>
Court of Appeal rejects claim on Hugh Green's family trust
Friday, 7 October 2016, 12:36 pm | BusinessDesk
Court of Appeal rejects claim by two of Hugh Green's children to family trust More >>
CBL declares first-half dividend of 3 cents
Friday, 7 October 2016, 12:25 pm | BusinessDesk
Oct. 7 (BusinessDesk) - CBL Corp, which raised $60 million to help fund its international ambitions, has declared an interim dividend of 3 cents per share. More >>
