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Independent, Trustworthy New Zealand Business News
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BusinessDesk - Latest News [Page 57]
Govt optimistic it will meet initial child poverty targets
Thursday, 30 May 2019, 5:16 pm | BusinessDesk
Budget 2019: Govt optimistic it will meet initial child poverty targets More >>
New schools spearhead $41.1 billion capital programme
Thursday, 30 May 2019, 5:14 pm | BusinessDesk
May 30 (BusinessDesk) - The government has put education front and centre of a $41.1 billion capital spending programme over the next five years, with plans to build and upgrade schools to accommodate the nation’s growing population. More >>
Budget 2019: Economic growth boosted before fading
Thursday, 30 May 2019, 5:13 pm | BusinessDesk
Budget 2019: NZ economic growth boosted by govt spending before fading More >>
$3B Provincial Growth Fund two-thirds committed
Thursday, 30 May 2019, 5:11 pm | BusinessDesk
May 30 (BusinessDesk) - Announcements in the Budget indicate that two-thirds of the $3 billion available for distribution from the Provincial Growth Fund has now been committed. More >>
Budget 2019: Capital demands see increased bond programme
Thursday, 30 May 2019, 5:10 pm | BusinessDesk
May 30 (BusinessDesk) - The government will borrow an extra $6 billion over the next five years to cover a shortfall in its cash flows to meet a $41.1 billion capital spending programme. More >>
Govt sets aside funds for new cyber security strategy
Thursday, 30 May 2019, 5:05 pm | BusinessDesk
May 30 (BusinessDesk) - The government will spend $2 million a year to support the roll-out of a cyber security strategy among a raft of new spending in the virtual space. More >>
Budget 2019: Rail projects score $1.6B of new capital
Thursday, 30 May 2019, 5:02 pm | BusinessDesk
May 30 (BusinessDesk) - The national rail carrier, KiwiRail, and Auckland’s Central Rail Loop projects receive capital boosts totalling $1.58 billion in this year’s Budget and there will be more to come. More >>
Budget 2019: Govt cuts urban infrastructure fund in half
Thursday, 30 May 2019, 5:01 pm | BusinessDesk
May 30 (BusinessDesk) - Government funding for water and roading infrastructure “to support the timely increase of housing supply” is halved without explanation in the Budget. More >>
IkeGPS narrows full-year loss
Thursday, 30 May 2019, 4:14 pm | BusinessDesk
May 30 (BusinessDesk) - Utilities measurement specialist IkeGPS narrowed its full-year loss on the back of lower corporate costs and reduced cost of sales. More >>
Restaurant Brands lifts first-qtr sales 1.6%
Thursday, 30 May 2019, 3:25 pm | BusinessDesk
May 30 (BusinessDesk) - Restaurant Brands’ New Zealand KFC chain was the star of its first-quarter report, lifting sales 6.7 percent from a year earlier and contributing the most to the company’s overall 1.6 percent sales increase. More >>
Metro Sports contract boosts building consents
Thursday, 30 May 2019, 2:34 pm | BusinessDesk
May 30 (BusinessDesk) - The contentious $300 million Metro Sports centre in Christchurch and convention centres in Auckland and Christchurch are the main reasons for social building consents jumping 44 percent in the year ended April. More >>
TruScreen posts $3.5 million annual net loss
Thursday, 30 May 2019, 2:20 pm | BusinessDesk
May 30 (BusinessDesk) - Cervical cancer test maker TruScreen reported a $3.5 million net loss for the year ended March, failing to meet its June 2018 forecast that it would turn profitable. More >>
Robertson blasts Treasury over hasty police action
Thursday, 30 May 2019, 1:54 pm | BusinessDesk
May 30 (BusinessDesk) - Outgoing Treasury secretary Gabriel Makhlouf appears to be on thin ice with his boss, Finance Minister Grant Robertson. More >>
AWF Madison reports 60% drop in full year net profit
Thursday, 30 May 2019, 1:07 pm | BusinessDesk
May 30 (BusinessDesk) - AWF Madison Group reported a 60 percent drop in net profit because of the impact of tough times in the construction sector on its blue-collar division and as regulatory issues stopped it from redeploying migrant workers to ... More >>
AWF Madison reports 60% drop in full year net profit
Thursday, 30 May 2019, 1:00 pm | BusinessDesk
May 30 (BusinessDesk) - AWF Madison Group reported a 60 percent drop in net profit because of the impact of tough times in the construction sector on its blue-collar division and as regulatory issues stopped it from redeploying migrant workers to ... More >>
TSB raises minimum capital levels
Thursday, 30 May 2019, 12:48 pm | BusinessDesk
May 30 (BusinessDesk) - TSB Bank has raised its internal target for how much capital it will hold on its books, brought on in part by the Reserve Bank's proposals for a higher minimum requirement. More >>
'The most contemptible moment in NZ politics’
Thursday, 30 May 2019, 12:33 pm | BusinessDesk
May 30 (BusinessDesk) - National Party leader Simon Bridges accused Treasury secretary Gabriel Makhlouf of “calling the police on the Opposition” over the website security flaw that allowed the National Party to gain access to Budget secrets. More >>
ANZ NZ CEO David Hisco takes sick leave
Thursday, 30 May 2019, 11:49 am | BusinessDesk
May 30 (BusinessDesk) - ANZ Bank’s New Zealand chief executive David Hisco is taking extended sick leave and Antonia Watson, who heads retail and business banking, will take over as acting chief executive, the bank says. More >>
Plan needed for competing wood demands - Fonterra
Thursday, 30 May 2019, 11:16 am | BusinessDesk
May 30 (BusinessDesk) - Wood is a viable industrial fuel but greater effort may be needed to ensure that new demand from processors doesn’t strip supplies from existing users, Fonterra says. More >>
NZ dollar weaker as US-China tensions mount
Thursday, 30 May 2019, 11:02 am | BusinessDesk
May 30 (BusinessDesk) - The New Zealand dollar weakened on ongoing concerns that US-China trade tensions will cool global growth and as investors fret that China could use its rare earth resources as leverage in the dispute. More >>
