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 547]
Handing out bathrobes part of remote-working culture
Friday, 2 September 2016, 1:04 pm | BusinessDesk
Sept. 2 (BusinessDesk) - Kiwi startup Timely, which sells a cloud-based appointment scheduling software, has an unusual remote worker model that includes handing out bathrobes to staff. More >>
NZ seafood to become more investable with King Salmon IPO
Friday, 2 September 2016, 11:56 am | BusinessDesk
Sept. 2 (BusinessDesk) - New Zealand King Salmon's planned initial public offering will give investors another way to gain exposure to the nation's under-represented seafood sector as the Marlborough Sounds fish-farmer raises funds to build more farms ... More >>
Turners says 75% of convertible bond holders to convert
Friday, 2 September 2016, 11:39 am | BusinessDesk
Sept. 2 (BusinessDesk) - Turners, the financial services firm, says 137 holders of its convertible bonds have elected to take shares when they come due onSept. 30, amounting to 75 percent or the debt on issue, or $17.4 million. More >>
Godfreys pleads guilty over extended warranties
Friday, 2 September 2016, 10:45 am | BusinessDesk
Sept. 2 (BusinessDesk) - New Zealand Vacuum Cleaner Co, which runs the Godfreys vacuum cleaner retail chain, has pleaded guilty to 10 charges under the Fair Trading Act (FTA) over failure to disclose customer rights in extended warranty agreements. More >>
Allnex takeover given European antitrust approval
Friday, 2 September 2016, 9:31 am | BusinessDesk
Sept. 2 (BusinessDesk) - Nuplex Industries confirmed its takeover by Allnex Belguim SA had received antitrust clearance from the European Commission, paving the way for its transfer into the hands of the private-equity backed Belgian company to create ... More >>
NZ dollar gains as greenback falls
Friday, 2 September 2016, 9:08 am | BusinessDesk
Sept. 2 (BusinessDesk) - The New Zealand dollar gained as the US dollar index declined following a weaker-than-expected ISM manufacturing report while the market looks ahead to tonight's key non-farm payrolls report for clues on the timing of US interest ... More >>
While you were sleeping: US manufacturing contracts
Friday, 2 September 2016, 8:25 am | BusinessDesk
Sept. 2 (BusinessDesk) - Wall Street was mixed, while US Treasuries rose and the greenback fell, as a report showing a contraction in US manufacturing eased bets the Federal Reserve will raise interest rates this month. Oil prices weakened. More >>
Regulation of finance doesn't absolve from risks - RBNZ
Friday, 2 September 2016, 8:14 am | BusinessDesk
Sept. 1 (BusinessDesk) - The Reserve Bank's regulation and supervision of financial institutions doesn't absolve their boards and managers from their responsibility to manage risks, the bank's head of prudential supervision Toby Fiennes has argued ... More >>
NZ dollar little changed as market awaits evidence on Fed
Thursday, 1 September 2016, 5:23 pm | BusinessDesk
Sept. 1 (BusinessDesk) - The New Zealand dollar was little changed as traders look ahead to non-farm payroll figures on Friday in the US for evidence that the Federal Reserve is right in appearing to adopt a more apparent willingness to hike interest ... More >>
Shaan Stevens says he was 'duped'
Thursday, 1 September 2016, 4:14 pm | BusinessDesk
Sept. 1 (BusinessDesk) - Shaan Stevens, who gave evidence for the Crown in the fraud trial of Ngatata Love, says he was "duped" by the former Treaty negotiator and his partner Lorraine Skiffington and the Serious Fraud Office found no improper behaviour ... More >>
10 months home detention for taking bribes
Thursday, 1 September 2016, 3:55 pm | BusinessDesk
Sept. 1 (BusinessDesk) - A former employee of Auckland Transport and Rodney District Council has been sentenced to 10 months home detention after he pleaded guilty to two representative charges of accepting undisclosed payments while he was involved ... More >>
Trial of peer-to-peer energy trading system
Thursday, 1 September 2016, 3:29 pm | BusinessDesk
Sept. 1 (BusinessDesk) - Power distributor Vector has signed a deal with West Australian energy company Power Ledger to use its peer-to-peer platform to enable people and business to buy or sell surplus electricity to each other. More >>
NZ second-quarter terms of trade fall 2.1%
Thursday, 1 September 2016, 1:13 pm | BusinessDesk
NZ second-quarter terms of trade fall 2.1% as dairy export prices fall, oil drives up import prices More >>
Love and Stevens' credibility discussed by judge
Thursday, 1 September 2016, 11:27 am | BusinessDesk
Sept. 1 (BusinessDesk) - Ngatata Love's dementia and probable Alzheimers did not prevent the judge from taking into account his evidence in his fraud trial, while Shaan Stevens, who gave evidence against Love, was an unsatisfactory witness, the ... More >>
MediaWorks signs deal with Vevo
Thursday, 1 September 2016, 11:10 am | BusinessDesk
Sept. 1 (BusinessDesk) - MediaWorks Investments, the broadcaster owned by US private equity firm Oaktree Capital, has inked what it says is an exclusive deal with Vevo that will allow it to sell advertising around streaming video content that globally ... More >>
Turners extends 3-year contract
Thursday, 1 September 2016, 10:51 am | BusinessDesk
Sept. 1 (BusinessDesk) - Turners, the financial services firm, extended its contract with Custom Fleet for a further three years to manage the sale of former lease vehicles of New Zealand's largest vehicle and equipment leasing company. More >>
Update: Ngatata Love found guilty
Thursday, 1 September 2016, 10:01 am | BusinessDesk
Sept. 1 (BusinessDesk) - Former Treaty negotiator Ngatata Love has been found guilty of obtaining significant sums by deception in the High Court fraud trial over his dealings with property developers while chairman of the Wellington Tenths Trust. More >>
Ngatata Love found guilty in High Court fraud trial
Thursday, 1 September 2016, 9:24 am | BusinessDesk
Sept. 1 (BusinessDesk) - Former Treaty negotiator Ngatata Love has been found guilty of obtaining significant sums by deception in the High Court fraud trial over his dealings with property developers while chairman of the Wellington Tenths Trust. More >>
NZD little changed vs greenback as US labour data awaited
Thursday, 1 September 2016, 9:09 am | BusinessDesk
Sept. 1 (BusinessDesk) - The New Zealand dollar was little changed against the greenback and gained against the Australian dollar as traders await a key US labour market report for clues to the next US interest rate hike. More >>
NZ shares rise, led by Warehouse, Ryman
Wednesday, 31 August 2016, 5:34 pm | BusinessDesk
Aug. 31 (BusinessDesk) - New Zealand shares rose as investors reshuffled their portfolios following earnings season, with Warehouse Group and Ryman Healthcare up while Orion Health Group dropped. More >>
