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Independent, Trustworthy New Zealand Business News
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BusinessDesk - Latest News [Page 56]
Greymouth seeks early contact on partial Kowhai surrender
Tuesday, 4 June 2019, 12:45 pm | BusinessDesk
June 4 (BusinessDesk) - Greymouth Petroleum says it will meet with officials soon to arrange the surrender of part of its Kowhai petroleum mining permit in Taranaki. More >>
Fletcher Building rejigs annual earnings guidance
Tuesday, 4 June 2019, 12:16 pm | BusinessDesk
June 4 (BusinessDesk) - Fletcher Building rejigged its full-year earnings before interest and tax guidance after completing the sale of its Formica business ahead of schedule, effectively lowering the top end of that guidance. More >>
Summerset plans $290 million investment in two new villages
Tuesday, 4 June 2019, 12:00 pm | BusinessDesk
June 4 (BusinessDesk) - Summerset Group has bought land to build two new retirement villages, and expects to invest about $290 million developing the sites. More >>
NZ dollar gains as greenback weighed on by weak data
Tuesday, 4 June 2019, 10:59 am | BusinessDesk
June 4 (BusinessDesk) - The New Zealand dollar gained after weak US manufacturing data and talk of a possible US rate cut weighed on the greenback. More >>
Climate change burden, benefits must be spread fairly
Tuesday, 4 June 2019, 10:40 am | BusinessDesk
June 4 (BusinessDesk) - Setting stringent climate change targets without understanding their cost or feasibility risks placing an unfair burden on some sectors, climate change professor David Frame says. More >>
MARKET CLOSE: NZ shares snap 5-day slide
Friday, 31 May 2019, 8:56 pm | BusinessDesk
May 31 (BusinessDesk) - New Zealand shares snapped a five-day decline, as Auckland International Airport chalked up a record. Vector and Chorus were among stocks recovering from a recent sell-off over regulatory fears. More >>
NZ dollar little changed amid heightened trade tensions
Friday, 31 May 2019, 8:23 pm | BusinessDesk
May 31 (BusinessDesk) - The New Zealand dollar was little changed as traders grappled with increasing global uncertainty, exacerbated by United States President Donald Trump slapping – via tweet – a 5 percent tariff on all Mexican goods entering ... More >>
Chorus suspends Clearvision from working on UFB network
Friday, 31 May 2019, 8:09 pm | BusinessDesk
May 31 (BusinessDesk) - Chorus has suspended subcontractor Clearvision Communications from working on its ultrafast broadband network after the Employment Relations Authority found several breaches of employment standards. More >>
Economists largely positive but sceptical about parts
Friday, 31 May 2019, 3:30 pm | BusinessDesk
May 31 (BusinessDesk) - Economists were largely upbeat about the government's 2019 budget but say Treasury's forecasts may be too optimistic. More >>
WEL doubles full-year profit
Friday, 31 May 2019, 2:53 pm | BusinessDesk
May 31 (BusinessDesk) - WEL Networks more than doubled its full-year profit as expansion of its fibre business boosted revenue and growth in the Waikato region increased residential connections and commercial volumes. More >>
NZ consumer confidence eases to six-month low
Friday, 31 May 2019, 1:32 pm | BusinessDesk
May 31 (BusinessDesk) - Consumer confidence eased in May to a six-month low but continues to hover around the historical average. More >>
ComCom to assess potential Vodafone purchase
Friday, 31 May 2019, 12:29 pm | BusinessDesk
May 31 (BusinessDesk) - The Commerce Commission says it currently expects to make a decision on Infratil’s application to buy up to 50 percent of shares in Vodafone New Zealand by July 15, although that may be extended as its investigation progresses. More >>
NZBA support RBNZ proposal on material breach reporting
Friday, 31 May 2019, 11:25 am | BusinessDesk
May 31 (BusinessDesk) - The New Zealand Bankers' Association and the Banking Ombudsman agree with the Reserve Bank that disclosure of banks’ breaches of their conditions of registration should be limited to “material” breaches only. More >>
NZ dollar weaker but back above 65 US cents after mixed data
Friday, 31 May 2019, 11:18 am | BusinessDesk
May 31 (BusinessDesk) - The New Zealand dollar was weaker early but did pare some losses on a slighty softer greenback after mixed US data, including weaker-than-expected inflation. More >>
MARKET CLOSE: NZ shares fall as fears on global growth
Thursday, 30 May 2019, 8:52 pm | BusinessDesk
May 30 (BusinessDesk) - New Zealand shares fell in subdued trading as fears over global growth weighed on firms with international operations such as Tourism Holdings and Vista Group International. More >>
NZ dollar firms after government's "wellbeing" budget
Thursday, 30 May 2019, 8:51 pm | BusinessDesk
May 30 (BusinessDesk) - The New Zealand dollar rose a little after the Labour-led government’s “wellbeing” budget forecast fiscal surpluses will be smaller as spending ramps up. More >>
Acquisition costs push Moa to $3 mln loss
Thursday, 30 May 2019, 8:50 pm | BusinessDesk
May 30 (BusinessDesk) - Brewer Moa Group reported a full-year loss of almost $3 million, with business acquisition expenses driving an 11 percent increase in costs. More >>
Fonterra shares, units plumb record lows as production falls
Thursday, 30 May 2019, 5:39 pm | BusinessDesk
May 30 (BusinessDesk) - Fonterra shares and units have fallen to record lows after the dairy giant said total New Zealand milk production fell 10 percent in April from a year ago and Australian production fell 10 percent in March. More >>
Govt raids Super Fund to boost venture capital funding
Thursday, 30 May 2019, 5:18 pm | BusinessDesk
Budget 2019: Govt raids Super Fund to boost venture capital funding More >>
Budget 2019: NZ surpluses narrow as spending ramps up
Thursday, 30 May 2019, 5:17 pm | BusinessDesk
May 30 (BusinessDesk) - New Zealand’s fiscal outlook remains in line with the government’s strategy, but forecasts included in Budget 2019 show smaller surpluses as spending ramps up. More >>
