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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 569]
AWF Madison sets modest goals for 2017
Wednesday, 27 July 2016, 11:27 am | BusinessDesk
July 27 (BusinessDesk) - AWF Madison Group, the country's largest contract labour firm, is looking to bounce back from last year's dip in earnings as it sets "modest goals" for 2017 with a view to reaping greater productivity by investing in new technology. More >>
Auckland leisure centres axe unhealthy drinks
Wednesday, 27 July 2016, 11:19 am | BusinessDesk
July 27 (BusinessDesk) - Auckland Council is to stop selling drinks that are sweetened by sugar from vending machines at its leisure centres in a bid to try to reduce obesity and type 2 diabetes. More >>
Supreme Court knocks back Trustpower's appeal
Wednesday, 27 July 2016, 11:01 am | BusinessDesk
July 27 (BusinessDesk) - The Supreme Court has turned down Trustpower's appeal to claim tax deductions on $17.7 million of project costs in a case closely watched by large-scale infrastructure developers. More >>
G3 delays planned capital raise
Wednesday, 27 July 2016, 10:09 am | BusinessDesk
July 27 (BusinessDesk) - G3 Group, the NXT-listed mail operations and document manager, has delayed a planned equity raising that would have been done through the Snowball Effect crowdfunding platform and says first-quarter margins are tracking below target ... More >>
Abano turns to 2016 annual profit after selling stake
Wednesday, 27 July 2016, 10:07 am | BusinessDesk
July 27 (BusinessDesk) - Abano Healthcare, the Australasian radiology and dental centre operator, turned to an annual profit after selling its half stake in audiology investor Bay International and expanding its dental chain. More >>
Trustpower in trading halt as it awaits Supreme Court ruling
Wednesday, 27 July 2016, 9:48 am | BusinessDesk
July 27 (BusinessDesk) - Trustpower is in a trading halt as it awaits a Supreme Court ruling on its dispute with the Commissioner of Inland Revenue, due to be released today. More >>
NZ dollar little changed as central bank meetings awaited
Wednesday, 27 July 2016, 8:47 am | BusinessDesk
July 27 (BusinessDesk) - The New Zealand dollar was little changed as investors await central bank meetings in the US and Japan this week, and ahead of Australian inflation data today which is seen as a key factor in whether rates will go lower across the ... More >>
Former Kiwi startup builds customers from Singapore
Wednesday, 27 July 2016, 8:43 am | BusinessDesk
July 27 (BusinessDesk) - TradeGecko, the Kiwi start-up that moved to Singapore in 2012 in search of capital, markets and nurturing, says it is taking in "millions in revenue" from tens of thousands of customers but is yet to turn a profit as it ... More >>
Responsible investing in NZ rises 28%
Wednesday, 27 July 2016, 8:25 am | BusinessDesk
July 27 (BusinessDesk) - The amount of New Zealand’s capital being invested responsibly has grown 28 percent in the past year to $78.7 billion with take-up now ranging more broadly from the largest institutions to boutique managers and KiwiSaver providers ... More >>
NZ banks' loan book hits fresh high of $228 bln
Wednesday, 27 July 2016, 8:23 am | BusinessDesk
July 25 (BusinessDesk) - The size of the mortgage books of New Zealand's banks hit a new high of $227.7 billion in the three months ended March 31, an increase of $8.4 billion or 3.9 percent on the previous quarter. More >>
MARKET CLOSE: NZ shares fall for first time since Brexit
Wednesday, 27 July 2016, 8:20 am | BusinessDesk
July 26 (BusinessDesk) - New Zealand shares fell from a record high, led by Trade Me Group and Orion Health Group, as investors await earnings season for evidence that high valuations are being driven by anything more than the absence of attractive ... More >>
While you were sleeping: McDonald’s disappoints
Wednesday, 27 July 2016, 7:34 am | BusinessDesk
July 27 (BusinessDesk) - Wall Street was mixed amid disappointing results from McDonald’s while Federal Reserve policy makers began their two-day policy meeting. More >>
NZD gains before Fed, Bank of Japan statements
Tuesday, 26 July 2016, 5:32 pm | BusinessDesk
The New Zealand dollar gained late in the day, although there were no obvious drivers other than demand for yield as traders await the outcome of policy reviews by the Federal Reserve and the Bank of Japan. More >>
Trust beneficiaries treated equally, Court of Appeal told
Tuesday, 26 July 2016, 4:55 pm | BusinessDesk
July 26 (BusinessDesk) - Lawyers for Maryanne Green, the daughter of late NBR rich lister Hugh Green, told the Court of Appeal today that her status as trustee of Green's $400 million business empire did not hamper the operation of the trust and every ... More >>
Long, Auckland-driven construction boom ahead: BRANZ report
Tuesday, 26 July 2016, 4:23 pm | BusinessDesk
The pipeline of new Auckland housing will underpin a longer construction boom for the country, making up for an overestimation in the amount of commercial work in the pipeline, says the 2016 National Construction Pipeline Report. More >>
Updated biosecurity threats
Tuesday, 26 July 2016, 3:57 pm | BusinessDesk
July 26 (BusinessDesk) - The government's proposal to update the nation's 2003 biosecurity strategy identifies the reliance of the primary sector on a small number of monocultures and large-scale changes in land use such as dairy conversions among 12 strategic ... More >>
Airport staffer pleads guilty to three fraud charges
Tuesday, 26 July 2016, 1:24 pm | BusinessDesk
July 26 (BusinessDesk) - Former Auckland International Airport employee Teremoana Kimiangatau has pleaded guilty to charges of defrauding the airport out of about $1.8 million. More >>
NZ annual fruit exports jump, led by record kiwifruit sales
Tuesday, 26 July 2016, 12:11 pm | BusinessDesk
July 26 (BusinessDesk) - New Zealand fruit exports have been the shining star of commodities over the past year, countering a weak period for exports of dairy products. More >>
IRD scores an 'A' in Treasury investor confidence ratings
Tuesday, 26 July 2016, 12:06 pm | BusinessDesk
July 26 (BusinessDesk) - The Inland Revenue Department has scored an 'A' in the first tranche of the Treasury's investor confidence rating (IRC) for state agencies that manage significant Crown investments and assets, gaining greater autonomy as a result, ... More >>
Australian medical research investment fund signs up Kiwis
Tuesday, 26 July 2016, 11:17 am | BusinessDesk
July 26 (BusinessDesk) - Three New Zealand research organisations have signed up to become members of the Medical Research Commercialisation Fund, Australia’s largest life science venture fund. More >>
