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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 587]
Spark mobile revenue to rise at least 7.9% in 2016
Wednesday, 22 June 2016, 9:33 am | BusinessDesk
June 22 (BusinessDesk) - Spark New Zealand's mobile revenue will rise at least 7.9 percent in the 2016 financial year, which it says will make it the biggest player in the market. More >>
Joyce warns Asian tech investors view NZ as hobbits and food
Wednesday, 22 June 2016, 8:59 am | BusinessDesk
June 21 (BusinessDesk) - Economic Development Minister Steven Joyce has warned more needs to be done to promote New Zealand as a tech hub to investors in Asia because they mainly view the country as a food producer and film location. More >>
NZ dollar edges higher as looming Brexit vote stays on radar
Wednesday, 22 June 2016, 8:45 am | BusinessDesk
June 22 (BusinessDesk) - The New Zealand dollar edged higher after Federal Reserve chair Janet Yellen told policymakers the looming British referendum on whether to leave the European Union was among the global risks being closely watched by the ... More >>
Zespri raises profit forecast range
Wednesday, 22 June 2016, 8:35 am | BusinessDesk
June 21 (BusinessDesk) - Zespri International, the kiwifruit marketer, raised its full-year profit forecast to take into account licence revenue of $50 million from the release of 400 hectares of Gold3 licence in 2016. More >>
IRD consistency not required in applying tax law
Wednesday, 22 June 2016, 8:33 am | BusinessDesk
June 21 (BusinessDesk) - The Court of Appeal has found in favour of the Inland Revenue Department in the latest bout of a long-running tax battle with listed jewellery retailer Michael Hill International, rejecting a claim the tax department should ... More >>
NZ shares drop, Tegel and Vital Healthcare dip,
Wednesday, 22 June 2016, 8:30 am | BusinessDesk
June 21 (BusinessDesk) - New Zealand shares dropped, defying global trends, as a lack of news and Brexit nervousness kept the market quiet. Tegel Group and Vital Healthcare Property Trust declined while A2 Milk rose. More >>
NZ dollar trades in tight range vs greenback, falls vs pound
Tuesday, 21 June 2016, 5:34 pm | BusinessDesk
NZ dollar trades in tight range vs greenback, falls vs pound as Brexit vote looms More >>
Auckland looks long term to pay-per-km road pricing
Tuesday, 21 June 2016, 5:34 pm | BusinessDesk
June 21 (BusinessDesk) - Aucklanders can expect to be paying variable rates per kilometre to travel on the city's most congested roads under an emerging transport strategy being formulated by the government and the Auckland Council. More >>
Stoush amounts to 'trafficking of litigation'
Tuesday, 21 June 2016, 4:58 pm | BusinessDesk
June 21 (BusinessDesk) - A litigation funder that became first-ranking creditor to one of property developer Dave Henderson's failed companies was "trafficking" in litigation in the hope of extracting excessive profits from default interest rates ... More >>
T&G Global to open new Thailand office
Tuesday, 21 June 2016, 4:45 pm | BusinessDesk
June 21 (BusinessDesk) - T&G Global, the fruit marketer controlled by Germany's BayWa, is opening a new office in Thailand as it looks to further its global expansion after posting an 83 percent gain in profit last year. More >>
Air New Zealand willing to resume charter flights to Vanuatu
Tuesday, 21 June 2016, 2:57 pm | BusinessDesk
June 21 (BusinessDesk) - Air New Zealand is willing to begin charter flight operations to Port Vila in Vanuatu following temporary repairs to the runway at Bauerfield. More >>
NZME demerger risks giving Fairfax upper hand
Tuesday, 21 June 2016, 2:26 pm | BusinessDesk
June 21 (BusinessDesk) - The demerger of NZME from its parent, APN News & Media, risks giving rival publisher Fairfax Media the upper hand in the detailed talks still to come to create a merged media group from NZME and Fairfax's New Zealand assets, ... More >>
Bega to downgrade new season milk price forecast
Tuesday, 21 June 2016, 12:25 pm | BusinessDesk
June 21 (BusinessDesk) - Australian-listed dairy company Bega Cheese has released an opening farmgate milk price for the 2016/2017 season of A$5 per kilogram of milk solids, claiming analysts are not expecting an improvement in dairy commodity returns ... More >>
Electric Kiwi seeks disciplinary action against Meridian
Tuesday, 21 June 2016, 11:00 am | BusinessDesk
June 21 (BusinessDesk) - Fledgling electricity retailer Electric Kiwi is seeking disciplinary action against the country's largest power generator, Meridian Energy, following price spikes in the wholesale electricity market on June 16 that saw prices ... More >>
Emerald Gisborne completes asset sales, affirms 40c payout
Tuesday, 21 June 2016, 10:54 am | BusinessDesk
June 21 (BusinessDesk) - Emerald Gisborne Property Trust, the hotel investor set up as part of the recapitalisation of the financier and insurer now known as Turners, says it has completed the sale of its remaining assets. That will allow it to affirm ... More >>
Vital Healthcare seeks $160 mln to keep pipeline pumping
Tuesday, 21 June 2016, 10:44 am | BusinessDesk
June 21 (BusinessDesk) - Vital Healthcare Property Trust plans to raise $160 million to pay down debt, giving it headroom to pursue a pipeline of developments on both sides of the Tasman. More >>
News Corp buys APN's regional newspapers for A$36M
Tuesday, 21 June 2016, 10:06 am | BusinessDesk
June 21 (BusinessDesk) - Rupert Murdoch's News Corp has bought APN News & Media's Australian regional newspaper business for A$36 million, leaving APN to focus on its radio stations and outdoor advertising business, according to Australian media ... More >>
Tegel beats sales, profit forecasts, affirms targets
Tuesday, 21 June 2016, 9:29 am | BusinessDesk
June 21 (BusinessDesk) - Tegel Group Holdings, the poultry group taken public by private equity firm Affinity Equity Partners in April, reported annual sales and profit that beat its prospectus forecasts and said it was on track to achieve its ... More >>
NZ dollar extends decline vs. British pound
Tuesday, 21 June 2016, 9:18 am | BusinessDesk
NZ dollar extends decline vs. British pound as pundits pick UK to stay with Europe More >>
While you were sleeping: Stocks rebound on Brexit polls
Tuesday, 21 June 2016, 5:06 am | BusinessDesk
June 21 (BusinessDesk) - Equities on both sides of the Atlantic advanced as the latest polls suggest British voters might now opt to keep the country in the European Union in a Thursday referendum. More >>
