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 548]
NZ dollar gains on signs of robust economy
Wednesday, 31 August 2016, 5:26 pm | BusinessDesk
NZ dollar gains on signs of robust economy, while Fed hikes wait on run of strong data More >>
Comvita to become biggest investor in SeaDragon
Wednesday, 31 August 2016, 3:52 pm | BusinessDesk
Aug. 31 (BusinessDesk) - SeaDragon shareholders have overwhelmingly voted in favour of funding arrangements with Comvita that will result in the manuka honey company becoming the biggest investor in the fish oil refiner with as much as 36.5 percent ... More >>
Zespri cuts forecast 2017 profit, grower returns
Wednesday, 31 August 2016, 3:50 pm | BusinessDesk
Aug. 31 (BusinessDesk) - Kiwifruit marketer Zespri has reduced its forecast 2017 profit and some grower returns for the current season because increased crop volumes for the Green variety are weighing on prices. More >>
Spark issues 10-year bond, paying 3.94%
Wednesday, 31 August 2016, 3:34 pm | BusinessDesk
Aug. 31 (BusinessDesk) - Spark New Zealand is to raise $125 million in 10-year bonds, paying investors an interest rate of 3.94 percent. More >>
Henderson claims judicial bias in appeal over tax conviction
Wednesday, 31 August 2016, 3:18 pm | BusinessDesk
Aug. 31 (BusinessDesk) - Christchurch-based property developer David Henderson has asked the Court of Appeal to overturn his conviction for seven tax charges, with his lawyer claiming that the judge showed apparent bias in his remarks during the ... More >>
FAA buys kiwi screening technology
Wednesday, 31 August 2016, 2:56 pm | BusinessDesk
Aug. 31 (BusinessDesk) - State-owned air traffic controller Airways New Zealand has inked a "very significant" deal with the US Federal Aviation Administration, which will use New Zealand-developed technology to pre-screen potential recruits ... More >>
Mad Butcher owner Veritas shares slump 17% on losses
Wednesday, 31 August 2016, 2:38 pm | BusinessDesk
Aug. 31 (BusinessDesk) - Shares in Veritas, the listed hospitality group which owns the Mad Butcher franchise and the Nosh food markets, have slumped 17 percent after its unaudited full-year results showed heavy losses and a board weighing up whether ... More >>
Kiwi Property raises $125mn, paying 4.00% over 7 years
Wednesday, 31 August 2016, 2:13 pm | BusinessDesk
Aug. 31 (BusinessDesk) - Kiwi Property has raised a total of $125 million in a bond issue, paying a 4 percent coupon or interest rate to investors over seven years. More >>
NZ business confidence steady in August
Wednesday, 31 August 2016, 1:34 pm | BusinessDesk
Aug. 31 (BusinessDesk) - New Zealand business confidence was little changed in August from July as farmers became less gloomy while retailers and manufacturers lost a bit of spring in their step. More >>
Setback for Ruataniwha scheme as Forest & Bird wins appeal
Wednesday, 31 August 2016, 11:55 am | BusinessDesk
Aug. 31 (BusinessDesk) - The Royal Forest & Bird Protection Society has won an appeal against a proposed land swap by the Department of Conservation which would have allowed 22 hectares of Ruahine Forest Park be flooded as part of the Ruataniwha Water Storage ... More >>
Seeka acquires Vital Foods' Kiwi Crush
Wednesday, 31 August 2016, 10:59 am | BusinessDesk
Aug. 31 (BusinessDesk) - Seeka Kiwifruit Industries, which handled record volumes of fruit in its latest packing season, is moving up the value chain by acquiring the Kiwi Crush and Kiwi Crushies product ranges from Auckland-based Vital Food Processors ... More >>
NZX best practice code recommends code of ethics
Wednesday, 31 August 2016, 10:47 am | BusinessDesk
Aug. 31 (BusinessDesk) - NZX, the sharemarket operator, is seeking feedback on proposed changes to its corporate governance best practice code including a published code of ethics, rules about share trading and continuous disclosure, and more transparency ... More >>
Pushpay hires former Xero executive James Maiocco
Wednesday, 31 August 2016, 10:43 am | BusinessDesk
Aug. 31 (BusinessDesk) - Pushpay has hired former Xero executive James Maiocco as its chief business development officer. More >>
NZ dollar falls against stronger greenback
Wednesday, 31 August 2016, 9:17 am | BusinessDesk
Aug. 31 (BusinessDesk) - The New Zealand dollar fell against a broadly stronger US dollar as commodity prices fell, US consumer confidence rose and Japan signalled its willingness to tackle gains in the yen. More >>
Foley Family Wines profit jumps on bumper 2016 harvest
Wednesday, 31 August 2016, 9:06 am | BusinessDesk
Aug. 31 (BusinessDesk) - Foley Family Wines, which operates brands including Vavasour and Martinborough Vineyard has more than quadrupled full-year profit to $6.5 million after a bumper harvest. More >>
Landcorp books $9.4 million loss in FY16
Wednesday, 31 August 2016, 9:00 am | BusinessDesk
Aug. 31 (BusinessDesk) - State-owned corporate farmer Landcorp reported a $9.4 million operating loss in the year to June 30, as declining dairy prices hit revenues. More >>
MARKET CLOSE: NZ shares rise
Wednesday, 31 August 2016, 8:57 am | BusinessDesk
Aug. 30 (BusinessDesk) - New Zealand shares rose in light trading as earnings trickled off, with Auckland International Airport leading the index while A2 Milk Co continued to drop. More >>
While you were sleeping: EU ruling sours Apple
Wednesday, 31 August 2016, 7:37 am | BusinessDesk
Aug. 31 (BusinessDesk) - A decline in Apple shares after the European Union demanded the company pay a record amount in what it ruled to be back taxes weighed on Wall Street. More >>
NZ dollar pares gains to be little changed
Tuesday, 30 August 2016, 5:21 pm | BusinessDesk
Aug. 30 (BusinessDesk) - The New Zealand dollar pared its gains to be little changed as traders added bets that the Federal Reserve will raise interest rates this year and commodity prices fell, weighing on the currencies of raw material exporters. More >>
Commission finds 59 'unfair' terms in energy contracts
Tuesday, 30 August 2016, 4:53 pm | BusinessDesk
Aug. 30 (BusinessDesk) - The Commerce Commission's review of household contracts with electricity and gas suppliers has found 59 terms it considers unfair to consumers. More >>
