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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 584]
Auckland Council nears borrowing cap via LGFA
Tuesday, 28 June 2016, 2:51 pm | BusinessDesk
June 28 (BusinessDesk) - Auckland Council is nearing the limit on what it can borrow through the Local Government Funding Agency as low interest rates encourage local authorities to take on low-cost debt. More >>
NZ export log prices fall in June
Tuesday, 28 June 2016, 1:22 pm | BusinessDesk
June 28 (BusinessDesk) - New Zealand export log prices slid to a five-month low in June as returns were hurt by a stronger local currency and an increase in shipping costs. More >>
Uber launches free personalised music for its drivers
Tuesday, 28 June 2016, 12:55 pm | BusinessDesk
June 28 (BusinessDesk) - Ridesharing service Uber has today launched a new partnership with Pandora in New Zealand, Australia and the US that allows drivers to create a personalised station that plays the music they like. More >>
Murray Goulburn announces 2017 farmgate milk price
Tuesday, 28 June 2016, 12:53 pm | BusinessDesk
June 28 (BusinessDesk) - Murray Goulburn Cooperative, Australia's dominant milk processor, announced its forecast farmgate milk price for the coming year, saying it expects only a modest recovery in prices in the second half of the year. More >>
UPDATE: Consumer spending has dived in UK post-Brexit
Tuesday, 28 June 2016, 11:09 am | BusinessDesk
June 27 (BusinessDesk) - The British public put away the plastic last weekend when a wave of caution ran through the country following the referendum result that has triggered the UK's departure from the European Union, according to a senior Mastercard ... More >>
E Tu pushes for pay rise, health & safety representation
Tuesday, 28 June 2016, 9:56 am | BusinessDesk
June 28 (BusinessDesk) - E Tu, created through the merger of the Engineering, Printing and Manufacturing Union and the Service and Food Workers Union, is pushing for a pay rise and more worker representation on health and safety in its biggest and oldest ... More >>
NZ dollar hits 3-year high vs British pound
Tuesday, 28 June 2016, 9:12 am | BusinessDesk
June 28 (BusinessDesk) - The New Zealand dollar hit a three-year high against the British pound amid continued uncertainty about the outlook for the UK following that country's vote to leave the European Union. More >>
While you were sleeping: Brexit slide continues
Tuesday, 28 June 2016, 7:27 am | BusinessDesk
June 28 (BusinessDesk) - Equities sank further, along with the British pound, as investors repositioned themselves amid deepening uncertainty related to the UK’s choice to leave the European Union. More >>
Sam Morgan to step down from Xero board
Monday, 27 June 2016, 4:36 pm | BusinessDesk
June 27 (BusinessDesk) - Trade Me founder and serial tech investor Sam Morgan will step down from the board of Xero at the accounting software developer's annual meeting next month. More >>
NZ foreign trust review says disclosure rules 'inadequate'
Monday, 27 June 2016, 4:31 pm | BusinessDesk
NZ foreign trust review says disclosure rules 'inadequate', allow illegal activity and should be tightened More >>
Purchase of stake in health trust not linked to rights offer
Monday, 27 June 2016, 4:06 pm | BusinessDesk
June 27 (BusinessDesk) - Vital Healthcare Property Trust says its holding company's acquisition of 19.9 percent of an ASX-listed health trust is unrelated to its recent rights offer announcement, and the two trusts will be run independently. More >>
Private equity circles Hirepool, Australian media reports
Monday, 27 June 2016, 3:57 pm | BusinessDesk
June 27 (BusinessDesk) - Hirepool Group, the country's biggest equipment rental firm, has attracted private equity firms interested after testing the market for a buyer last month, Australian media has reported. More >>
NZME buyers, sellers slow to meet
Monday, 27 June 2016, 1:22 pm | BusinessDesk
June 27 (BusinessDesk) - NZME shares didn't trade in the first hour after listing at midday as investors questioned the valuation of the New Zealand print media and radio assets spun off from APN News & Media. More >>
NZ farmer confidence rebounds in second quarter
Monday, 27 June 2016, 12:56 pm | BusinessDesk
June 27 (BusinessDesk) - New Zealand farmer confidence bounced in the second quarter to the first net positive reading in more than a year, with a significant upswing across all sectors as rising dairy prices fuelled positivity. More >>
Dairy farmers need to reconsider 'smart level' of debt
Monday, 27 June 2016, 12:55 pm | BusinessDesk
June 27 (BusinessDesk) - Dairy farmers need to ask themselves what a smart level of debt is given the risk profile for the next decade is likely to be different than the last, says Federated Farmers Dairy chairman Andrew Hoggard. More >>
NZ sheepmeat, tourism may be hardest hit by Brexit
Monday, 27 June 2016, 12:35 pm | BusinessDesk
June 27 (BusinessDesk) - New Zealand's sheepmeat exports and tourists from the UK may be the hardest hit from the Brexit with the most immediate impact likely to be on British tourists suddenly finding the spending power of the pound against the ... More >>
NZ posts trade surplus in May as exports of logs, fruit jump
Monday, 27 June 2016, 11:55 am | BusinessDesk
June 27 (BusinessDesk) - New Zealand posted a bigger than expected trade surplus in May as increased Chinese demand for logs and a growing international appetite for kiwifruit boosted exports. More >>
NZ shares drop 1.2% as Brexit impact reverberates
Monday, 27 June 2016, 10:58 am | BusinessDesk
June 27 (BusinessDesk) - New Zealand shares extended their decline as the UK's surprise vote to leave the European Union stoked fears of a flow-on impact on commodity prices, credit markets and global economic growth. More >>
NZ employment confidence dims in June quarter
Monday, 27 June 2016, 10:42 am | BusinessDesk
June 27 (BusinessDesk) - New Zealanders grew more pessimistic in the June quarter as they grew increasingly worried about job security as a swelling population increases competition for work and continues to keep a lid on wages. More >>
Shanghai Maling sale deal still on says SilverFern Farms
Monday, 27 June 2016, 9:10 am | BusinessDesk
June 26 (BusinessDesk) - Silver Fern Farms will miss the June 30 deadline to satisfy conditions of the sale of a controlling stake in the country's largest meat processor to China's Shanghai Maling Aquarius but insists the deal hasn't been derailed. More >>
