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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 570]
While you were sleeping: Home run awaited
Tuesday, 26 July 2016, 7:38 am | BusinessDesk
July 26 (BusinessDesk) - Wall Street slid with the price of oil, pushing down shares of Chevron and Exxon Mobil, as investors awaited a host of key events including a slew of corporate earnings and a Federal Reserve policy meeting. More >>
Govt seeking boost for predator-free policy
Monday, 25 July 2016, 8:07 pm | BusinessDesk
July 25 (BusinessDesk) - The government is seeking funding from businesses and philanthropists to support its "aspirational" policy, announced today, to make New Zealand predator-free by 2050. More >>
Govt seeking business, philanthropy for predator-free policy
Monday, 25 July 2016, 5:36 pm | BusinessDesk
The government is seeking funding from businesses and philanthropists to support its "aspirational" policy, announced today, to make New Zealand predator-free by 2050. More >>
PM censures Trade Minister for 'head of a pin' answers
Monday, 25 July 2016, 5:25 pm | BusinessDesk
July 25 (BusinessDesk) - Prime Minister John Key has censured his newbie Trade Minister, Todd McClay, for "dancing on the head of a pin" in answers he gave to both Key and news media when first asked about alleged trade threats from China over steel ... More >>
NZD edges lower as Fed meeting takes centre stage this week
Monday, 25 July 2016, 5:14 pm | BusinessDesk
July 25 (BusinessDesk) - The New Zealand dollar dipped as investors prepare for the Federal Reserve's policy review this week and will be looking for signs the world's biggest central bank will raise interest rates later this year. More >>
Augusta shareholders back Finance Centre sale
Monday, 25 July 2016, 5:08 pm | BusinessDesk
July 25 (BusinessDesk) - Augusta Capital's shareholders have overwhelmingly backed the sale of its Finance Centre properties in central Auckland for $96 million at a special meeting to consider the deal. More >>
Caltex's AA smartfuel deal to cost Z Energy $5 million
Monday, 25 July 2016, 4:35 pm | BusinessDesk
July 25 (BusinessDesk) - Z Energy, which is completing the integration of the Caltex fuel stations and Challenge! brand, has warned investors that it expects earnings to be $5 million lower due to Caltex's deal with AA Smartfuel. More >>
Buckley Systems doubles factory space
Monday, 25 July 2016, 4:10 pm | BusinessDesk
July 25 (BusinessDesk) - Auckland-based manufacturer Buckley Systems has almost doubled its factory space to meet demand for its precision electromagnets. More >>
House prices to peak next year on new supply
Monday, 25 July 2016, 2:20 pm | BusinessDesk
July 25 (BusinessDesk) - New Zealand house prices will rise another 17 percent before peaking late next year as accelerating building activity takes time to meet the imbalance between a lack of housing stock and growing demand, says economic consultancy Infometrics. More >>
Hugh Green's children ask court to overrule High Court
Monday, 25 July 2016, 2:19 pm | BusinessDesk
July 25 (BusinessDesk) - Two of late NBR Rich Lister Hugh Green's children are asking the Court of Appeal to overturn a ruling that returned control of Green's $400 million business empire to their sister. More >>
NZ export log prices drop to 7-month low
Monday, 25 July 2016, 2:10 pm | BusinessDesk
July 25 (BusinessDesk) - New Zealand export log prices slid to a seven-month low in July as a stronger local currency and weaker prices in key export markets dented returns. More >>
Woolworths writes down EziBuy by A$309M
Monday, 25 July 2016, 11:49 am | BusinessDesk
July 25 (BusinessDesk) - Australian supermarket chain Woolworths has written off A$309 million from the value of its New Zealand clothing and homeware retailer EziBuy and wants to sell the business as part of an overhaul that will also see some local ... More >>
Wellington Airport plans to sell $60 million of 8-year bonds
Monday, 25 July 2016, 10:17 am | BusinessDesk
July 25 (BusinessDesk) - Wellington International Airport plans to sell as much as $60 million of eight-year bonds, joining a growing number of companies taking advantage of record low-interest rates through the debt market. More >>
World Week Ahead: Wall St seen powering higher
Monday, 25 July 2016, 9:05 am | BusinessDesk
July 25 (BusinessDesk) - A Federal Reserve policy meeting, a slew of US earnings including from Apple, Facebook and Twitter, as well as a flurry of economic data will take centre stage this week as investors are trying to gauge whether fresh records ... More >>
NZ dollar little changed as focus shifts
Monday, 25 July 2016, 9:03 am | BusinessDesk
July 25 (BusinessDesk) - The New Zealand dollar was little changed at the open of the week's trading as investors shifted their focus to central bank meetings in the US and Japan. More >>
Steel & Tube shares recover from 15-year low
Friday, 22 July 2016, 4:41 pm | BusinessDesk
July 22 (BusinessDesk) - Steel & Tube Holding's share price has recovered from a fifteen-year low after a flow of bad news ceased. More >>
China Construction provides $140M cash infusion for NZ unit
Friday, 22 July 2016, 4:27 pm | BusinessDesk
July 22 (BusinessDesk) - China Construction Bank, that nation's second-largest lender, has provided $140 million of equity capital to its New Zealand subsidiary to help fund lending growth, the biggest such infusion since the local unit was established ... More >>
Restaurant Brands to kickoff home delivery of KFC
Friday, 22 July 2016, 4:15 pm | BusinessDesk
July 22 (BusinessDesk) - Restaurant Brands New Zealand hopes to introduce home delivery for its KFC brand before the end of the year. More >>
Grant Samuel rolled out again to back Silver Fern Farms deal
Friday, 22 July 2016, 4:14 pm | BusinessDesk
July 22 (BusinessDesk) - Silver Fern Farms has got Grant Samuel to back its proposal to sell half its meat processing assets to China's Shanghai Maling Aquarius ahead of a second shareholder vote, which the board will ignore if support for the deal ... More >>
Stephen Copulos becomes 2nd largest shareholder in ARB
Friday, 22 July 2016, 2:58 pm | BusinessDesk
July 22 (BusinessDesk) - Australian businessman Stephen Copulos said getting shares in listed Restaurant Brands, in which he is now the second largest shareholder, was a key part of the fast food brands company acquiring his family’s KFC franchise ... More >>
