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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 575]
NZ median house prices rises in June
Friday, 15 July 2016, 11:14 am | BusinessDesk
July 15 (BusinessDesk) - New Zealand's national house prices rose again in June, as five regions hit record highs. More >>
NZ dollar TWI extends fall on prospect of RBNZ warning
Friday, 15 July 2016, 9:59 am | BusinessDesk
July 15 (BusinessDesk) - The New Zealand dollar continued its decline on a trade-weighted basis after the Reserve Bank surprised traders saying it would give an updated assessment of the economy next week, stoking expectations it's laying the groundwork for a rate ... More >>
While you were sleeping: JPMorgan boosts mood
Friday, 15 July 2016, 7:16 am | BusinessDesk
July 15 (BusinessDesk) - US equities climbed, lifting the S&P 500 to a new record, after better-than-expected quarterly results from JPMorgan Chase bolstered the mood at the start of a fresh earnings season. More >>
NZD drops as RBNZ's update raises rate cut expectations
Thursday, 14 July 2016, 5:19 pm | BusinessDesk
The New Zealand dollar dropped after the Reserve Bank said it will give its view on the economy next week given the long lead-in time to the next policy review on August 11, raising expectations it may be poised to cut rates next month. More >>
ACC sought $158mn in Budget 2016, got $26.4mn
Thursday, 14 July 2016, 5:16 pm | BusinessDesk
July 14 (BusinessDesk) - The Accident Compensation Commission requested an extra $158 million in funding for 2016/17 from the government ahead of Budget 2016, but Treasury instead recommended an interim payment of just $26.4 million be funded to ... More >>
Pushpay expands from faith to utilities, seeks ASX listing
Thursday, 14 July 2016, 4:31 pm | BusinessDesk
July 14 (BusinessDesk) - Pushpay Holdings is planning an ASX listing by the end of the year and is expanding its mobile payment app beyond the religious sector to helping people pay bills for utilities such as water and insurance. More >>
NZ agri-tech startup CropLogic crowdfunds $500,000
Thursday, 14 July 2016, 4:04 pm | BusinessDesk
July 14 (BusinessDesk) - CropLogic, an agricultural technology company, has appointed Perth-based Ventnor Capital as its corporate advisors ahead of a planned listing on the ASX. More >>
Financial advisers wary of different accountability
Thursday, 14 July 2016, 3:56 pm | BusinessDesk
July 14 (BusinessDesk) - The Professional Advisers Association, whose 1,200 members work in the insurance, investment and mortgage industries, is wary of plans to make large firms offering financial advice accountable for the actions of their agents ... More >>
Financial advisers wary of different accountability
Thursday, 14 July 2016, 3:08 pm | BusinessDesk
July 14 (BusinessDesk) - The Professional Advisers Association, whose 1,200 members work in the insurance, investment and mortgage industries, is wary of plans to make large firms offering financial advice accountable for the actions of their agents ... More >>
CropLogic crowdfunds $500,000 to pay for ASX listing
Thursday, 14 July 2016, 3:06 pm | BusinessDesk
July 14 (BusinessDesk) - CropLogic, an agricultural technology company, has appointed Perth-based Ventnor Capital as its corporate advisors ahead of a planned listing on the ASX. More >>
NZ consumer confidence upbeat in July
Thursday, 14 July 2016, 1:34 pm | BusinessDesk
July 14 (BusinessDesk) - New Zealand consumer confidence remained upbeat in July as Kiwis were more optimistic about their own fortunes than they were for the broader economy. More >>
SHI Global wins contract to supply health IT platform
Thursday, 14 July 2016, 12:22 pm | BusinessDesk
July 14 (BusinessDesk) - Health IT start-up SHI Global has won a contract to team up with Queensland health authorities for a $28.1 million state-funded project to fight chronic diseases over the next four years. More >>
Goodman Property Trust to sell 3 Auckland offices for $206m
Thursday, 14 July 2016, 12:14 pm | BusinessDesk
July 14 (BusinessDesk) - Goodman Property Trust will sell three of its Auckland offices for $206 million to reduce debt. More >>
Fonterra milk collection drops 10% in first month of season
Thursday, 14 July 2016, 12:05 pm | BusinessDesk
July 14 (BusinessDesk) - Fonterra Cooperative Group's New Zealand milk collection dropped 10 percent in the first month of the 2017 season, a period when production is typically at a low. More >>
NZ manufacturing rises in June, economists cautious
Thursday, 14 July 2016, 11:11 am | BusinessDesk
July 14 (BusinessDesk) - New Zealand manufacturing activity improved again in June, with all regions expanding, though economists warned a stronger New Zealand dollar could weigh on the sector's export earnings. More >>
E Tu reaches agreement with manufacturers
Thursday, 14 July 2016, 10:42 am | BusinessDesk
July 14 (BusinessDesk) - E Tu union leaders and manufacturing firms have reached an agreement in a cross-employer deal covering 600 workers at more than 80 firms. More >>
ComCom to focus on effects of Sky TV/Vodafone merger
Thursday, 14 July 2016, 10:14 am | BusinessDesk
July 14 (BusinessDesk) - The Commerce Commission is assessing whether a merger between Sky Network Television and Vodafone Group's New Zealand unit would let the combined companies engage in behaviour that either forecloses rivals or renders them less ... More >>
Flick Electric raises another $5 million to fund fast growth
Thursday, 14 July 2016, 9:45 am | BusinessDesk
July 14 (BusinessDesk) - Online electricity retailer Flick Electric has raised a further $5 million from existing shareholders to fund its New Zealand growth, taking its total capital raising in the past two years to $15 million. More >>
Moa executive director David Poole buying shares
Wednesday, 13 July 2016, 11:13 pm | BusinessDesk
Moa Group executive director David Poole, who heads up the brewer's Australian sales team, has been buying shares on market in the company's recent share rally which prompted a 'please explain' from the stock market operator today. More >>
Rabobank New Zealand appoints new chief executive
Wednesday, 13 July 2016, 11:12 pm | BusinessDesk
July 13 (BusinessDesk) - Rural lender Rabobank New Zealand has appointed Australian banking executive Daryl Johnson as its new chief executive. More >>
