Scoop has an Ethical Paywall
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 591]
NZ current account turns to surplus in first quarter
Wednesday, 15 June 2016, 10:55 am | BusinessDesk
June 15 (BusinessDesk) - New Zealand’s current account balance turned to a surplus in the first quarter as tourism drove up the services balance and foreigners earned less from their local investments. More >>
NZ median house price passes $500,000 to new record
Wednesday, 15 June 2016, 9:47 am | BusinessDesk
June 15 (BusinessDesk) - New Zealand's national house price gained to a record high in May, rising above $500,000 for the first time, as five regions hit all-time highs. More >>
A2 Milk lifts guidance for full-year sales
Wednesday, 15 June 2016, 9:33 am | BusinessDesk
June 15 (BusinessDesk) - A2 Milk raised its guidance for full-year sales and earnings, saying trading is exceeding its targets and the milk marketing company is well placed to cope with changes to regulations for infant formula in China. More >>
Weldon's angry behaviour concerned Clear's former owners
Wednesday, 15 June 2016, 9:17 am | BusinessDesk
June 15 (BusinessDesk) - The former owners of the Clear Grain Exchange were concerned by former NZX boss Mark Weldon's angry behaviour and began recording calls with him six months after acquisition, the High Court in Wellington heard. More >>
Wrightson lifts earnings forecast on strong retail
Wednesday, 15 June 2016, 8:57 am | BusinessDesk
June 15 (BusinessDesk) - PGG Wrightson raised its earnings guidance, saying its retail unit is likely to beat last year's record result, although the rural services firm expects 2017 to be tough. More >>
NZ dollar falls as investors shun riskier assets
Wednesday, 15 June 2016, 8:31 am | BusinessDesk
June 15 (BusinessDesk) - The New Zealand dollar fell as investors shunned higher risk assets amid uncertainty ahead of the Federal Reserve interest rate decision and the British referendum on European Union membership. More >>
While you were sleeping: Stocks fall, bonds gain
Wednesday, 15 June 2016, 7:35 am | BusinessDesk
June 15 (BusinessDesk) - Equities on both sides of the Atlantic fell again, while government bonds rose, as the US Federal Open Market Committee began its two-day meeting, while new polls bolstered concern British voters might opt to leave the ... More >>
NZ dollar weakens on worries recent rally overdone
Tuesday, 14 June 2016, 5:25 pm | BusinessDesk
June 14 (BusinessDesk) - The New Zealand dollar retreated against the greenback and the pound on speculation the kiwi's rally in response to events in the United Kingdom and the United States has been overdone. More >>
SBS Bank hires CBA exec Shaun Drylie as new chief
Tuesday, 14 June 2016, 5:09 pm | BusinessDesk
June 14 (BusinessDesk) - SBS Bank, the Invercargill-based lender, has appointed Shaun Drylie as its new chief executive. More >>
Waste Management NZ ownership juggles between China and HK
Tuesday, 14 June 2016, 5:08 pm | BusinessDesk
June 14 (BusinessDesk) - Chinese state-owned enterprise Beijing Capital Group plans to put a controlling stake in Waste Management NZ into a Hong Kong-listed company it also controls. More >>
MyCare says technology efficiencies can help
Tuesday, 14 June 2016, 3:48 pm | BusinessDesk
June 14 (BusinessDesk) - Online company MyCare says its technology platform – which is like the Airbnb of homecare - could be a game changer for the industry through cutting delivery costs by a quarter. More >>
Launch spurs govt to set up space regulatory regime
Tuesday, 14 June 2016, 1:14 pm | BusinessDesk
June 14 (BusinessDesk) - The prospect of space travel pioneer Rocket Lab launching a rocket locally before the end of this year has spurred the government to set up a regulatory regime to cope with the issues that are out of this world. More >>
BurgerFuel may cancel US expansion if backer pulls out
Tuesday, 14 June 2016, 12:40 pm | BusinessDesk
June 14 (BusinessDesk) - BurgerFuel Worldwide, the NZAX-listed fast food chain franchisor, says it may ditch its plans to enter the US market and is uncertain of its support from backer Franchise Brands. More >>
Upper Hutt College defrauded of $375,000
Tuesday, 14 June 2016, 12:39 pm | BusinessDesk
June 14 (BusinessDesk) - Upper Hutt College was swindled out of $375,000 by former executive officer Donald Hancox, who today pleaded guilty to 10 fraud charges. More >>
NZ food prices fall in May as tomatoes, potatoes get cheaper
Tuesday, 14 June 2016, 11:47 am | BusinessDesk
June 14 (BusinessDesk) - New Zealand food prices fell in May, snapping two months of gains, as cheaper tomatoes and potatoes brought down the price of fresh produce. More >>
Sky TV 'not attractive' as a pure pay-TV operator
Tuesday, 14 June 2016, 11:17 am | BusinessDesk
June 14 (BusinessDesk) - Sky Network Television doesn't have an attractive future as a "pure" standalone pay-TV business in the longer term as it faces increased rivalry and a "fundamental deterioration" in its strategic position, according ... More >>
TruScreen widens annual loss
Tuesday, 14 June 2016, 11:15 am | BusinessDesk
June 14 (BusinessDesk) - TruScreen, the NZAX-listed cervical cancer test developer, widened its annual loss as revenue dropped 21 percent because of delays in getting a new device certified. More >>
ComCom to weigh up digital/print media divide
Tuesday, 14 June 2016, 10:01 am | BusinessDesk
June 14 (BusinessDesk) - The Commerce Commission will look at whether there are separate digital and print media markets as part of its assessment of the proposed marriage of the country's two biggest newspaper publishers, Fairfax Media's New Zealand operations ... More >>
NZX's cost-cutting approach caused 'friction'
Tuesday, 14 June 2016, 9:57 am | BusinessDesk
June 14 (BusinessDesk) - NZX's cost-cutting approach with new acquisitions frequently caused "friction", a former employee has told Wellington's High Court. More >>
NZ dollar jumps above 50 British pence on 'Brexit'
Tuesday, 14 June 2016, 9:55 am | BusinessDesk
June 14 (BusinessDesk) - The New Zealand dollar popped above 50 British pence overnight on concern the UK may vote to leave the European Union in the so-called 'Brexit' referendum next week. More >>
