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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 558]
NZ dollar gains on strength in commodity markets
Tuesday, 16 August 2016, 10:37 am | BusinessDesk
Aug. 16 (BusinessDesk) - The New Zealand dollar gained along with other commodity-linked currencies as a pickup in prices of raw materials boosted sentiment ahead of the GlobalDairyTrade auction tonight. More >>
While you were sleeping: Fresh Wall Street records
Tuesday, 16 August 2016, 7:49 am | BusinessDesk
Aug. 16 (BusinessDesk) - Wall Street touched intra-day record highs as equities are still considered the best bet for investors as the US Federal Reserve is seen as keeping its interest rates on hold for now. More >>
NZ shares gain, Steel & Tube and Summerset lead index
Monday, 15 August 2016, 5:33 pm | BusinessDesk
Aug. 15 (BusinessDesk) - New Zealand shares gained as early earnings reports skewed positive, with Steel & Tube Holdings and Summerset Group gaining on their results. More >>
NZD little changed as traders look forward to dairy auction
Monday, 15 August 2016, 5:33 pm | BusinessDesk
Aug. 15 (BusinessDesk) - The New Zealand dollar was little changed on a day that provided new information about the economy, kicking off a week that includes labour market data, the latest GlobalDairyTrade auction and the minutes of the last Federal ... More >>
Zespri to resume China shipments
Monday, 15 August 2016, 3:49 pm | BusinessDesk
Aug. 15 (BusinessDesk) - Zespri International, the kiwifruit marketer, is due to resume shipments to China later this week following an overhaul of the process for checking kiwifruit prior to export. More >>
Auckland Council passes unitary plan
Monday, 15 August 2016, 3:47 pm | BusinessDesk
Aug. 15 (BusinessDesk) - Auckland Council has passed the city's unitary plan allowing for more than 400,000 new residential houses to be built over the next three decades. More >>
Forsyth Barr drops performance fees on equities funds
Monday, 15 August 2016, 3:31 pm | BusinessDesk
Aug. 15 (BusinessDesk) - Forsyth Barr has dropped its fees for outperforming on its management of two equities funds in a bid to simplify things for investors. More >>
Entrepreneur aims to revolutionise rubbish collection
Monday, 15 August 2016, 2:27 pm | BusinessDesk
Aug. 15 (BusinessDesk) - Kiwi-born tech pioneer Ian Wright has a simple vision: he wants to rid garbage trucks of diesel motors within five years. More >>
Snowball Effect narrows annual loss, expects growth in 2017
Monday, 15 August 2016, 2:20 pm | BusinessDesk
Aug. 15 (BusinessDesk) - Snowball Effect narrowed its loss in the 2016 financial year as it reaped bigger fees from its equity crowdfunding platform, but said it may have to crowdfund itself if expected growth doesn't materialise. More >>
Steel & Tube shares hit 9-month high on analyst upgrade
Monday, 15 August 2016, 2:17 pm | BusinessDesk
Aug. 15 (BusinessDesk) - Steel & Tube Holdings shares reached a nine-month high after First NZ Captial analysts raised their rating on the stock following the steel products maker posting better-than-expected annual earnings and lifting its dividend payment. More >>
Sumerset CEO Cook says govt funding key for care giver wages
Monday, 15 August 2016, 1:35 pm | BusinessDesk
Aug. 15 (BusinessDesk) - Rest home hospitals nationwide will have to close if the government doesn't pony up more money to cover rising wage costs in the sector, says Summerset Group chief executive Julian Cook. More >>
Freightways reports steady earnings rise
Monday, 15 August 2016, 12:48 pm | BusinessDesk
Aug. 15 (BusinessDesk) - Courier company Freightways delivered a steady if unspectacular full-year result with both increased revenue and profits driven by increased migration and higher consumer demand, and is predicting incremental growth in the year ahead. More >>
Wellington airport stands by runway extension consultants
Monday, 15 August 2016, 11:53 am | BusinessDesk
Aug. 15 (BusinessDesk) - Wellington International Airport is sticking by its experts' opinion on the potential demand for long-haul travel to and from the capital city and says a submission against a proposed runway extension prepared for airlines opposed ... More >>
Pushpay expects to reach revenue target early
Monday, 15 August 2016, 11:50 am | BusinessDesk
Aug. 15 (BusinessDesk) - Pushpay Holdings, the mobile payments app developer, brought forward its target for reaching $100 million of annualised committed monthly revenue as it narrows its focus to larger customers. Its shares rose to a four-month high. More >>
NZ services sector activity slows to 20-month low in July
Monday, 15 August 2016, 11:48 am | BusinessDesk
Aug. 15 (BusinessDesk) - New Zealand's services sector, which accounts for about two-thirds of the economy, slowed in July to its lowest point in 20 months, ending a run of above-average expansion. More >>
Contact posts little changed full-year earnings
Monday, 15 August 2016, 9:41 am | BusinessDesk
Aug. 15 (BusinessDesk) - Contact Energy, the electricity and gas provider, posted little-changed full-year operating earnings amid signs that electricity demand is starting to grow after a long period of decline and that its investment in technology ... More >>
Summerset lifts first-half earnings 44%
Monday, 15 August 2016, 9:25 am | BusinessDesk
Aug. 15 (BusinessDesk) - Summerset Group, the retirement village operator and developer, lifted first-half earnings 44 percent, beating expectations, and will pay a larger dividend than anticipated after enjoying a record second quarter of unit sales. More >>
World Week Ahead: US consumer in spotlight
Monday, 15 August 2016, 8:59 am | BusinessDesk
Aug. 15 (BusinessDesk) - A slew of US retailer results as well as the minutes from the July Federal Reserve meeting and data on US consumer prices will form a key focus in the coming days. More >>
NZ dollar little changed
Monday, 15 August 2016, 8:56 am | BusinessDesk
The New Zealand dollar was little changed, having briefly rallied on Friday in the US on weaker-than-expected US retail sales, as traders await more economic data in the domestic economy that would give a clue to the track of interest rates. More >>
Wellington runway extension plan 'implausible at best'
Monday, 15 August 2016, 8:24 am | BusinessDesk
Aug. 15 (BusinessDesk) - Wellington's airport runway extension initiative fails on the grounds that lower North Island and South Island travellers are already flying to long-haul destinations through Auckland or Christchurch and the region is not ... More >>
