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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 582]
MediaWorks director Dalgleish steps down
Friday, 1 July 2016, 10:14 am | BusinessDesk
July 1 (BusinessDesk) - MediaWorks Investments director Martin Dalgleish has stepped down from the board of the free-to-air television and radio broadcaster, shrinking the board back to five. More >>
Joan Withers tapped as Warehouse chair
Friday, 1 July 2016, 10:05 am | BusinessDesk
July 1 (BusinessDesk) - Professional director Joan Withers will take over as chair of Warehouse Group in September, having decided she won't seek reappointment to her role as chair of Television New Zealand when her term ends early next year. More >>
NZ dollar hits 3-year high vs. British pound
Friday, 1 July 2016, 8:42 am | BusinessDesk
NZ dollar hits 3-year high vs. British pound as Bank of England signals rate cuts More >>
While you were sleeping: Carney signals stimulus
Friday, 1 July 2016, 7:07 am | BusinessDesk
July 1 (BusinessDesk) - Stocks rose, while the British pound weakened, as Bank of England Governor Mark Carney signalled the central bank will likely ease monetary policy in the coming months to offset the impact of the UK’s decision to leave ... More >>
Skyline boosts profits on strong tourist growth
Thursday, 30 June 2016, 5:04 pm | BusinessDesk
June 30 (BusinessDesk) - Diversified tourism company Skyline Enterprises is to pay shareholders a 50 cent dividend per share for the 2016 financial year along with a one-off bonus of 5 cents per share to celebrate its 50 years in business. More >>
E Tu union, manufacturers to meet next month
Thursday, 30 June 2016, 4:27 pm | BusinessDesk
June 30 (BusinessDesk) - E Tu union leaders and manufacturing representatives will pick-up talks next month in a cross-employer collective agreement spanning 600 workers and more than 80 firms. More >>
Auditor-General to examine OIO
Thursday, 30 June 2016, 3:53 pm | BusinessDesk
June 30 (BusinessDesk) - The Auditor-General is to examine how the Overseas Investment Office collects and manages information following a request from the parliament's finance and expenditure committee. More >>
Shippers prefer Firth of Thames over Manukau
Thursday, 30 June 2016, 3:00 pm | BusinessDesk
June 30 (BusinessDesk) - Shipping operators favour a future replacement for the current Auckland port to be sited at the Firth of Thames over another recommended option on the Manukau Harbour. More >>
Bathurst gains approval to buy land for coal mining
Thursday, 30 June 2016, 2:36 pm | BusinessDesk
June 30 (BusinessDesk) - Bathurst Resources, which turned to a loss in its first half in the face of continued weak coal prices, has won Overseas Investment Office approval to buy 85 hectares of forestry land at Nightcaps in Southland, gaining access ... More >>
GST threshold for online purchases won't lower before 2018
Thursday, 30 June 2016, 2:34 pm | BusinessDesk
June 30 (BusinessDesk) - The government wants to lower the threshold on online purchases which qualify for GST from mid-2018, but says more work is needed and there will be no change without public consultation. More >>
NZ business confidence perks up in June
Thursday, 30 June 2016, 1:34 pm | BusinessDesk
June 30 (BusinessDesk) - New Zealand businesses grew more optimistic this month as strong construction and tourism sectors continued to support economic activity, ANZ Bank New Zealand says. More >>
Fletcher drops Horokiwi Quarries from Higgins purchase
Thursday, 30 June 2016, 1:33 pm | BusinessDesk
June 30 (BusinessDesk) - Fletcher Building has dropped the Horokiwi Quarries from its application to buy rival construction company Higgins Group Holdings, a step that may help win approval from the Commerce Commission which today delayed its ruling ... More >>
O:Tu winemaker Marlborough Wine Estates trades on NXT
Thursday, 30 June 2016, 1:32 pm | BusinessDesk
June 30 (BusinessDesk) - Marlborough Wine Estates Group, the Chinese-owned winemaker, rose 35 percent in its NZX debut after a compliance listing on the NXT market. More >>
NZ government extends drought classification
Thursday, 30 June 2016, 12:43 pm | BusinessDesk
June 30 (BusinessDesk) - The government has extended a drought classification for the eastern South Island until the end of the year, meaning the area will have officially been in drought for almost two years, the longest period for such a category. More >>
Kiwi bus maker, director Allott embroiled in US fraud case
Thursday, 30 June 2016, 12:20 pm | BusinessDesk
June 29 (BusinessDesk) - Kiwi bus maker Global Bus Ventures (NZ), which is supplying buses to the winner of public transport contracts in South Auckland, and director Murray Allott are entangled in a wide-ranging US lawsuit that alleges fraud, bribery, ... More >>
Sky TV, Vodafone play down competitive threat
Thursday, 30 June 2016, 12:07 pm | BusinessDesk
June 30 (BusinessDesk) - Sky Network Television and Vodafone New Zealand are playing down the threat to competition posed by a merged telecommunications and pay-TV operator in the markets they currently operate in, which they say has plenty of rivals. More >>
NZ residential building consents decline 0.9% in May
Thursday, 30 June 2016, 11:46 am | BusinessDesk
June 30 (BusinessDesk) - New Zealand residential building consents declined 0.9 percent in May with Auckland permits still falling short of demand. More >>
Pushpay seeks at least US$30 mln through investment bank
Thursday, 30 June 2016, 11:08 am | BusinessDesk
June 30 (BusinessDesk) - Pushpay Holdings, whose mobile payment app allows churches to raise money from parishioners, wants to raise at least US$30 million from investors in the US where it is targeting growth. More >>
Kathmandu raises annual profit forecast; shares jump 16%
Thursday, 30 June 2016, 10:57 am | BusinessDesk
June 30 (BusinessDesk) - Kathmandu Holdings raised its forecast for annual earnings as the outdoor equipment chain boosts margins from new products, better management of promotional activity and cost savings. Its shares jumped 16 percent. More >>
Fonterra announces lower Australian farmgate milk price
Thursday, 30 June 2016, 9:51 am | BusinessDesk
June 30 (BusinessDesk) - Fonterra Cooperative Group announced a lower opening price for its Australian farmer suppliers in the upcoming season, and said it expects prices to recover over the year ahead. More >>
