Scoop has an Ethical Paywall
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 576]
MARKET CLOSE: NZ shares mixed, Spark NZ drops
Wednesday, 13 July 2016, 11:10 pm | BusinessDesk
July 13 (BusinessDesk) - New Zealand shares were mixed as investors moved towards cyclical stocks, with Spark New Zealand down while property vehicles and banks gained. More >>
NZ dollar falls from 14-month high against greenback
Wednesday, 13 July 2016, 5:12 pm | BusinessDesk
July 13 (BusinessDesk) - The New Zealand dollar fell as traders booked profits following a run that took the kiwi to a 14-month high against the greenback. More >>
'Left with a sea of paper,' says judge
Wednesday, 13 July 2016, 5:11 pm | BusinessDesk
July 13 (BusinessDesk) - The High Court judge hearing the extended dispute between NZX and the former owners of the Australian Clear Grain Exchange summed up the case by telling the lawyers involved that they would happily leave at the end of the day, ... More >>
Moa receives price enquiry from NZX after shares jump
Wednesday, 13 July 2016, 3:39 pm | BusinessDesk
July 13 (BusinessDesk) - Moa Group, the Marlborough-based brewer, has been hit with a price enquiry from NZX following a big jump in the price of its shares in the last few weeks. More >>
Lobby welcomes customer obligation for financial advice
Wednesday, 13 July 2016, 3:14 pm | BusinessDesk
July 13 (BusinessDesk) - The Financial Markets Authority and New Zealand Shareholders' Association are welcoming proposed changes that will mean all financial advice will have to put the clients' interests first. More >>
NZX proposes changes to price-sensitive announcements
Wednesday, 13 July 2016, 12:14 pm | BusinessDesk
July 13 (BusinessDesk) - NZX wants to change the way it flags price-sensitive announcements which attract brief trading halts, putting the onus on issuers to identify what's material. More >>
Govt to adopt Shewan's foreign trust recommendations
Wednesday, 13 July 2016, 11:49 am | BusinessDesk
July 13 (BusinessDesk) - The government will adopt all of the recommendations from former PwC chairman John Shewan to increase disclosure and introduce a register for foreign trusts with new legislation to be introduced next month. More >>
NZ food prices rise in June led by seasonal gains in vegs
Wednesday, 13 July 2016, 11:43 am | BusinessDesk
July 13 (BusinessDesk) - New Zealand food prices rose in June, led by seasonal gains for vegetables. More >>
Pushpay lifts ACMR by 40% over June quarter
Wednesday, 13 July 2016, 11:13 am | BusinessDesk
July 13 (BusinessDesk) - Pushpay Holdings, whose mobile payment app allows churches to raise money from parishioners, lifted annualised committed monthly revenue (ACMR) to US$27.3 million (NZ$38.77 million) over the quarter to June 30, up nearly 40 percent ... More >>
Carbon recycler LanzaTech widens annual loss to US$38 mln
Wednesday, 13 July 2016, 10:53 am | BusinessDesk
July 13 (BusinessDesk) - LanzaTech, the New Zealand-founded carbon recycling company, has widened its annual loss on falling revenue as it gears up for full commercialisation of its innovative technology. More >>
NZ dollar hits 14-month high
Wednesday, 13 July 2016, 8:50 am | BusinessDesk
July 13 (BusinessDesk) - The New Zealand dollar gained, following stock markets and commodity prices higher, as investors recovered their lost confidence from Britain's vote to leave the European Union. More >>
Financial advisers face new 'customer-first' obligations
Wednesday, 13 July 2016, 8:33 am | BusinessDesk
July 12 (BusinessDesk) - All financial advice will have to put the interests of the customer first in Commerce Minister Paul Goldsmith's proposed update to the five-year-old framework. More >>
NZD rebounds against greenback following Japan election
Tuesday, 12 July 2016, 5:31 pm | BusinessDesk
July 12 (BusinessDesk) - The New Zealand dollar rallied against the greenback as a victory for Japan's ruling coalition led traders and investors to riskier assets, anticipating a move by Japan's central bank to continue its expansionary monetary ... More >>
Godfrey Hirst argues for leave to appeal decision
Tuesday, 12 July 2016, 3:48 pm | BusinessDesk
July 12 (BusinessDesk) - Australian-owned Godfrey Hirst has applied for leave to appeal a High Court decision last month which dismissed an earlier bid to block a merger of New Zealand’s largest wool scouring operations. More >>
Founder of Methven's Chinese division sells entire stake
Tuesday, 12 July 2016, 3:46 pm | BusinessDesk
July 12 (BusinessDesk) - The founder and director of NZX-listed Methven's Chinese manufacturing division has sold his entire stake in the company for $5 million. More >>
No change on interest-only loans from BNZ, ANZ, ASB
Tuesday, 12 July 2016, 3:43 pm | BusinessDesk
July 12 (BusinessDesk) - None of the other major Australian-owned banks dominating New Zealand's residential mortgage market have immediate plans to follow Westpac's lead in scaling back the length of their interest-only loans, which are typically ... More >>
Meat and dairy exporters secure largest ever container ship
Tuesday, 12 July 2016, 2:02 pm | BusinessDesk
July 12 (BusinessDesk) - The Kotahi joint venture between Fonterra Cooperative Group and Silver Fern Farms is launching a new weekly service to Asian export markets using the largest container ship ever to call at a New Zealand port. More >>
Turners in $15.3 mln deal for Auckland's Buy Right Cars
Tuesday, 12 July 2016, 12:55 pm | BusinessDesk
July 12 (BusinessDesk) - Turners Group, the financial services firm, will buy Auckland used car importer and dealer network Buy Right Cars for $15.3 million in cash and shares, which it says will give it a bigger presence in the country's biggest city More >>
Lamb flap prices rise to a year high in June
Tuesday, 12 July 2016, 12:23 pm | BusinessDesk
July 12 (BusinessDesk) - New Zealand lamb flap prices rose to their highest level in a year, driven by increased demand from China where the meat is used in traditional hotpot dishes. More >>
Investore stags 8.7% on listing
Tuesday, 12 July 2016, 11:42 am | BusinessDesk
July 12 (BusinessDesk) - Shares in Stride Property offshoot Investore Property spiked 8.7 percent from their offer price of $1.49 to $1.62 in the first 20 minutes of the newly listed company's shares commencement of trading on the NZX this morning. More >>
