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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 555]
NZ wool prices drop at auction as demand softens
Friday, 19 August 2016, 10:18 am | BusinessDesk
Aug. 19 (BusinessDesk) - The European summer holiday period kept some wool buyers out of the New Zealand market this week, denting demand for fine crossbred wool. More >>
Trade Me claims quarter share of property listings
Friday, 19 August 2016, 8:58 am | BusinessDesk
Aug. 19 (BusinessDesk) - Trade Me Group claims its property pages have a quarter share of the national spend on classified property advertising, according to its latest 2016 full-year financial results, three years on from a stoush with real estate ... More >>
NZ dollar little changed near 73 US cts
Friday, 19 August 2016, 8:54 am | BusinessDesk
Aug. 19 (BusinessDesk) - The New Zealand dollar was little changed near 73 US cents after the minutes of the Federal Reserve's last policy review showed little appetite for a rate hike in the near-term. More >>
Permanent independent hearings panel proposed for planning
Friday, 19 August 2016, 8:44 am | BusinessDesk
Aug. 19 (BusinessDesk) - The Productivity Commission recommends creating a permanent independent hearings panel like the one that cut through local politics to settle Auckland’s Unitary Plan, for the whole country. More >>
FMA questions NZAX-listed Australasian Food Corp's report
Friday, 19 August 2016, 8:14 am | BusinessDesk
Aug. 18 (BusinessDesk) - Australasian Food Corp, which took over the NZAX-listed shell Vetilot last year, is being examined by the Financial Markets Authority over statements made by the company's auditor Staples Rodway accompanying its annual report. More >>
MARKET CLOSE: NZ shares rise on Tegel's Australian access
Friday, 19 August 2016, 8:11 am | BusinessDesk
Aug. 18 (BusinessDesk) - New Zealand shares rose after Tegel Group said it had been cleared to export raw poultry to Australia, Trade Me Group reported stronger annual revenue and investors cheered Spark New Zealand's promise of further special dividends ... More >>
While you were sleeping: Oil climbs above US$50
Friday, 19 August 2016, 7:41 am | BusinessDesk
Aug. 19 (BusinessDesk) - US Treasuries gained, as did the price of oil, while the greenback weakened, amid renewed bets that the Federal Reserve might hold off raising interest rates this year. More >>
NZ dollar gains as Fed seen in no rush, Australia adds jobs
Thursday, 18 August 2016, 5:20 pm | BusinessDesk
Aug. 18 (BusinessDesk) - The New Zealand dollar gained after minutes of the last Federal Reserve meeting indicated it's in no rush to hike interest rates while stronger-than-expected Australian jobs data lifted the kiwi in line with a stronger Aussie dollar. More >>
Duncan Saville steps down from Infratil board after 22 years
Thursday, 18 August 2016, 5:19 pm | BusinessDesk
Duncan Saville is to retire as a director of Infratil at the company's annual meeting later this month after 22 years in the role. More >>
South Port posts another record profit, raises dividend
Thursday, 18 August 2016, 4:21 pm | BusinessDesk
Aug. 18 (BusinessDesk) - South Port New Zealand posted another record annual profit as extra dairy storage helped drive the volume of exports through the maritime hub in Bluff, with a bigger dividend declared. More >>
Transpower pays smaller dividend to govt
Thursday, 18 August 2016, 3:50 pm | BusinessDesk
Aug. 18 (BusinessDesk) - Transpower New Zealand trimmed its dividend to the government as the state-owned company generates smaller regulated earnings from the national electricity grid it's tasked with operating. More >>
Tegel shares take flight on access to Australia
Thursday, 18 August 2016, 3:22 pm | BusinessDesk
Aug. 18 (BusinessDesk) - Tegel Group shares have risen sharply in response to an announcement that it will be able to export raw poultry to Australia for the first time. More >>
Trustpower split frees new entity to chase wind power
Thursday, 18 August 2016, 2:51 pm | BusinessDesk
Aug. 18 (BusinessDesk) - Trustpower's plans to carve out its windfarms and renewable development pipeline into Tilt Renewables will give the new entity freedom to chase opportunities and should outweigh the cost of the transaction, according to an independent ... More >>
China's One Belt One Road may offer best avenue
Thursday, 18 August 2016, 2:45 pm | BusinessDesk
Aug. 18 (BusinessDesk) - New Zealand is unlikely to gain traction in its bid to upgrade its bilateral free-trade agreement with China while Asia’s largest economy is focused on developing its broader One Belt One Road initiative, a leading academic says. More >>
Spark to chase mobile, IT revenue in multi-brand strategy
Thursday, 18 August 2016, 1:57 pm | BusinessDesk
Aug. 18 (BusinessDesk) - Spark New Zealand is backing a plan to run different brands at the budget and premium ends of the market and offer extra service sweeteners to deliver increased revenue in the coming year. More >>
AMP's NZ unit sees 1H profit drop on lower Kiwisaver inflows
Thursday, 18 August 2016, 1:56 pm | BusinessDesk
Aug. 18 (BusinessDesk) - AMP Financial Services New Zealand, the local operation of the Australian fund manager and insurer, said inflows of KiwiSaver funds slowed in the first half of 2016 but it expects a second-half improvement. More >>
NZ consumer confidence dips in August
Thursday, 18 August 2016, 1:54 pm | BusinessDesk
Aug. 18 (BusinessDesk) - New Zealand consumer confidence dipped in August with respondents expecting house price growth to slow, particularly in Auckland. More >>
Trade Me restores revenue growth in its core marketplace
Thursday, 18 August 2016, 1:51 pm | BusinessDesk
Aug. 18 (BusinessDesk) - Trade Me group, the online marketplace and classified advertising business, has seen three years of investment pay off with its general items marketplace restoring revenue growth after a two-year absence. More >>
Trade Me's reach into financial services yet to pay off
Thursday, 18 August 2016, 1:49 pm | BusinessDesk
Aug. 18 (BusinessDesk) - Trade Me’s foray into the financial services market is yet to prove a winner with its fledgling insurance business under-performing and an investment in loss-making peer-to-peer lender Harmoney causing a drag on profits. More >>
ResMed returns fire with its own patent infringement suit
Thursday, 18 August 2016, 11:35 am | BusinessDesk
Aug. 18 (BusinessDesk) - ResMed has filed a patent infringement complaint in the Southern District of California, as well as lawsuits in Germany and New Zealand, and to the US International Trade Commission against Fisher & Paykel Healthcare just ... More >>
