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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 578]
NZ dollar TWI heads for 1.7% weekly gain
Friday, 8 July 2016, 5:26 pm | BusinessDesk
NZ dollar TWI heads for 1.7% weekly gain as rate cut bets pared back; US jobs report looms More >>
Delegat revises forecast full-year profit to $37 mln
Friday, 8 July 2016, 5:03 pm | BusinessDesk
July 8 (BusinessDesk) - Delegat Group, New Zealand’s largest listed wine company, has revised its forecast net operating profit for the 2016 financial year up $1 million to $37 million on record case sales. More >>
Investor mortgage lending restrictions
Friday, 8 July 2016, 4:33 pm | BusinessDesk
July 8 (BusinessDesk) - The country's banks should find it relatively easy to deal with a national limit on the level of low-equity mortgage lending for investors given they're already in place in Auckland, according to their national lobby group. More >>
Northport calls for Auckland cargo to be thrown its way
Friday, 8 July 2016, 4:10 pm | BusinessDesk
July 8 (BusinessDesk) - Northport is calling for further discussions on "unbundling" alternatives to the growth issues facing Ports of Auckland although any decisions on more detailed studies into port relocation have been shelved for the incoming ... More >>
Blis Technologies shares fall 11% after price query
Friday, 8 July 2016, 3:54 pm | BusinessDesk
July 8 (BusinessDesk) - Blis Technologies shares dropped 11 percent after the biotechnology firm was quizzed over a spike in the share price by the stock market operator. More >>
NZ wool auction clearance rate slumps to 4-year low
Friday, 8 July 2016, 11:44 am | BusinessDesk
July 8 (BusinessDesk) - Global uncertainty weighed on the first New Zealand wool auction for the new 2016/17 season, denting prices and buying demand. More >>
Fletcher cleared to acquire Higgins Group
Friday, 8 July 2016, 10:37 am | BusinessDesk
July 8 (BusinessDesk) - Fletcher Building has gained Commerce Commission clearance to acquire rival construction company Higgins Group Holdings after dropping Horokiwi Quarries from its application to reduce its dominance in the aggregates market. More >>
NZ dollar rises as Spencer speech creates doubts
Friday, 8 July 2016, 10:06 am | BusinessDesk
July 8 (BusinessDesk) - The New Zealand dollar gained, making it a standout against a broadly stronger greenback, after Reserve Bank deputy governor Grant Spencer flagged concerns over house prices without announcing any immediate measures to tackle the ... More >>
While you were sleeping: Oil slides on stockpiles
Friday, 8 July 2016, 7:18 am | BusinessDesk
July 8 (BusinessDesk) - Wall Street fell with the price of oil as investors awaited Friday’s US jobs data to gauge if the Federal Reserve might still lift interest rates this year. More >>
Fletcher chases 100 ex-pat Brits
Thursday, 7 July 2016, 4:43 pm | BusinessDesk
July 7 (BusinessDesk) - Fletcher Building is on the hunt for 100 British senior construction workers to prop up its workforce as a major pipeline of activity looks set to stretch the sector. More >>
Nuplex CEO Severin reaps $10.3 mln windfall
Thursday, 7 July 2016, 4:31 pm | BusinessDesk
July 7 (BusinessDesk) - Emery Severin, chief executive of resins company Nuplex Industries, is due a $10.3 million cash payout following a shareholder vote in favour of a $1 billion proposed takeover by private equity-backed Belgian company Allnex. More >>
Michael Hill annual earnings seen up by as much as 5.9%
Thursday, 7 July 2016, 2:24 pm | BusinessDesk
July 7 (BusinessDesk) - Michael Hill International, the listed jewellery chain that's shifting its primary listing to Australia, lifted annual earnings by as much as 5.9 percent, boosting sales across all its territories and opening new Emma & Roe stores. More >>
Nuplex shareholders OK $1 billion Allnex takeover
Thursday, 7 July 2016, 2:24 pm | BusinessDesk
July 7 (BusinessDesk) - Sixty-four years after it was founded and 49 years since it listed on the NZX, New Zealand-based global resins company Nuplex Industries is set to pass into the hands of private equity-backed Belgian company Allnex following ... More >>
Labour would use NGOs to cover emergency housing shortfall
Thursday, 7 July 2016, 1:25 pm | BusinessDesk
July 7 (BusinessDesk) - Labour Party leader Andrew Little has unveiled a new plank to the opposition party's housing policy, saying he would use non-government organisations to cover a shortfall in emergency housing that would almost treble the number of ... More >>
NZ King Salmon reviewing capital options as IPO rumoured
Thursday, 7 July 2016, 12:33 pm | BusinessDesk
July 7 (BusinessDesk) - New Zealand King Salmon Investments says it's reviewing its capital options to support the development of three new farms in the Marlborough Sounds after Australian media reported the company was looking at an initial public ... More >>
NZ venison prices rise amid tight supply
Thursday, 7 July 2016, 11:51 am | BusinessDesk
July 7 (BusinessDesk) - New Zealand meat processors are having to pay more to secure supply of local venison to service their overseas contracts as farmers retain their breeding hinds to rebuild herds. More >>
Runway extension - High Court shoots down pilots' concerns
Thursday, 7 July 2016, 11:34 am | BusinessDesk
July 7 (BusinessDesk) - The High Court in Wellington has backed a decision that a 90-metre safety area for an extended Wellington Airport runway is sufficient, turning down a bid by pilots who wanted a review because they didn't regard it as long enough. More >>
Tech firm VMob to change name to Plexure
Thursday, 7 July 2016, 10:40 am | BusinessDesk
July 7 (BusinessDesk) - VMob, the mobile advertising firm, is changing its name to Plexure Group to better reflect the connective role it plays with global retail customers such as McDonald’s and Ikea. More >>
Summerset expects unit sales to keep rising
Thursday, 7 July 2016, 9:48 am | BusinessDesk
July 7 (BusinessDesk) - Summerset Group, the retirement village operator and developer, expects the opening of a new village in the Auckland suburb of Ellerslie later this year will keep sales humming after posting a record quarter in the three months through ... More >>
NZ dollar climbs above 55 pence as Brexit fears grow
Thursday, 7 July 2016, 8:47 am | BusinessDesk
July 7 (BusinessDesk) - The New Zealand dollar climbed above 55 British pence as more UK commercial property funds suspended redemptions in the wake of last month's vote to leave the European Union, stoking fears Britain could tip into recession. More >>
