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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 581]
Cameron Partners to examine funding options for ContainerCo
Monday, 4 July 2016, 1:42 pm | BusinessDesk
July 4 (BusinessDesk) - ContainerCo (NZL), the container manufacturer and depot operator, has hired investment bankers Cameron Partners for advice on how to fund expansion as shipping volumes grow. More >>
Queenstown Airport loses bid
Monday, 4 July 2016, 1:30 pm | BusinessDesk
July 4 (BusinessDesk) - Queenstown Airport has lost a dispute with the Inland Revenue Department over whether it should be able to claim depreciation for the cost of constructing its runway end safety area (RESA). More >>
NZ dollar gains vs. Aussie after federal election
Monday, 4 July 2016, 8:54 am | BusinessDesk
July 4 (BusinessDesk) - The New Zealand dollar gained against its Australian counterpart after the federal election across the Tasman left neither major party with a clear majority as the final count is awaited. More >>
World Week Ahead: Brexit’s long shadow
Monday, 4 July 2016, 7:14 am | BusinessDesk
July 4 (BusinessDesk) - Investors will eye US jobs data this week amid expectations that major central banks around the world edge closer to adding fresh stimulus to help dampen the impact of the UK’s decision to leave the European Union. More >>
Fonterra the first of six companies taking Z's new biodiesel
Friday, 1 July 2016, 5:32 pm | BusinessDesk
July 1 (BusinessDesk) - Fonterra Cooperative Group is one of six cornerstone customers switching to Z Energy’s new biodiesel produced from meat industry tallow. More >>
NZ dollar TWI heads for 1.4% weekly gain
Friday, 1 July 2016, 5:31 pm | BusinessDesk
July 1 (BusinessDesk) - The New Zealand dollar is heading for a 1.4 percent weekly gain on a trade-weighted basis as the country's distance from Europe and the UK and its attractive yield continue to reel in investors chasing better returns. More >>
Bayleys fined $2.2M in price-fixing case
Friday, 1 July 2016, 4:52 pm | BusinessDesk
July 1 (BusinessDesk) - Bayleys Corp and Hamilton-based Success Realty have been ordered to pay penalties of $2.2 million and $900,000 respectively in the second and third of 13 High Court appearances by national and regional real estate agencies ... More >>
NZ bonds rally in June quarter
Friday, 1 July 2016, 4:50 pm | BusinessDesk
July 1 (BusinessDesk) - New Zealand bonds rallied in the second quarter as investors anticipated central banks keeping interest rates lower for longer in the face of events such as the UK's vote to exit the European Union. More >>
Stride Property's Investore subsidiary to join NZX 50
Friday, 1 July 2016, 4:31 pm | BusinessDesk
July 1 (BusinessDesk) - Stride Property's wholly-owned subsidiary, Investore Property, will join the S&P/NZX 50 Index until at least September after it is spun off from Stride this month. More >>
Manukau Harbour delivers best cost benefits for new port
Friday, 1 July 2016, 4:24 pm | BusinessDesk
Manukau Harbour delivers best cost benefits for a new $4B Auckland port, study group says More >>
Acurity to launch Wellington's 1st private cancer care unit
Friday, 1 July 2016, 4:22 pm | BusinessDesk
Acurity to launch Wellington's first private cancer care unit in $20 mln joint venture More >>
Stone Shi-linked investment company buys Ardmore Airport
Friday, 1 July 2016, 2:26 pm | BusinessDesk
July 1 (BusinessDesk) - Kauri Ardmore, a New Zealand investment company associated with Oravida founder Stone Shi, has acquired Ardmore Airport for an undisclosed sum, gaining a facility that houses seven flying schools, charter operators, maintenance, ... More >>
NZ wool prices fall at auction on stronger kiwi dollar
Friday, 1 July 2016, 1:42 pm | BusinessDesk
July 1 (BusinessDesk) - New Zealand wool prices fell at yesterday's South Island auction, hurt by a stronger local currency and mixed fibre quality. More >>
Restaurant Brands board seeks 18% pay rise
Friday, 1 July 2016, 12:51 pm | BusinessDesk
July 1 (BusinessDesk) - The board of fast-food operator Restaurant Brands New Zealand has asked shareholders to approve an 18 percent boost to its pool for directors' fees which it says will help attract and retain high calibre talent needed to run ... More >>
Insurance policy churn rates 'a disgrace'
Friday, 1 July 2016, 12:44 pm | BusinessDesk
July 1 (BusinessDesk) - Figures showing some financial advisers have high insurance policy churn rates, where customers are shifted from one policy to another with no benefit other than generating a commission, are "a disgrace" and Kiwis need more ... More >>
Insurance policy churn rates 'a disgrace'
Friday, 1 July 2016, 12:43 pm | BusinessDesk
July 1 (BusinessDesk) - Figures showing some financial advisers have high insurance policy churn rates, where customers are shifted from one policy to another with no benefit other than generating a commission, are "a disgrace" and Kiwis need more ... More >>
Telephone scam still generating 200 complaints daily
Friday, 1 July 2016, 11:58 am | BusinessDesk
July 1 (BusinessDesk) - The Inland Revenue Department says the latest telephone phishing scam is unusual because it’s still generating about 200 complaints a day despite media publicity that typically causes these types of scams to disappear. More >>
Former Health Minister Tony Ryall appointed nib NZ chair
Friday, 1 July 2016, 11:50 am | BusinessDesk
July 1 (BusinessDesk) - Former Health Minister Tony Ryall has been appointed chair of private health insurer nib holdings' New Zealand unit, as Alan Clarke steps down to focus on Hellaby Holdings. More >>
Augusta Capital to lift annualised dividend payments 10%
Friday, 1 July 2016, 10:22 am | BusinessDesk
July 1 (BusinessDesk) - Augusta Capital, the listed property investor and fund manager, will lift its dividend payments by 10 percent in the 2017 year saying the increase reflected the growth of its funds management business. More >>
Shanghai Maling agrees to 3-month extension of $261M offer
Friday, 1 July 2016, 10:21 am | BusinessDesk
Shanghai Maling agrees to 3-month extension of $261M offer for half stake in Silver Fern More >>
