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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 596]
NZ Racing Board seeks approval on shared betting
Friday, 3 June 2016, 3:40 pm | BusinessDesk
June 3 (BusinessDesk) - The New Zealand Racing Board (NZRB) has applied to the Commerce Commission for approval of provisions on shared betting with Australia's Tabcorp which attempt to stop local gamblers using the Australian platform in preference ... More >>
Cooperative Bank lifts annual profit 16%
Friday, 3 June 2016, 3:36 pm | BusinessDesk
Cooperative Bank lifts annual profit 16% on expanding loan book, seeks to raise $30 mln More >>
NZ commodity prices lift in May as horticulture shines
Friday, 3 June 2016, 1:24 pm | BusinessDesk
June 3 (BusinessDesk) - New Zealand commodity prices lifted in May, led by horticulture. More >>
Kiwibank allowed to close money remitter's accounts
Friday, 3 June 2016, 12:52 pm | BusinessDesk
June 3 (BusinessDesk) - Kiwbank has been cleared to close the accounts of E-Trans International Finance because of the risk posed by the money remitter under anti-money laundering legislation, upping pressure on the government for a policy fix to accommodate ... More >>
Expense of an electric car better investment than solar
Friday, 3 June 2016, 12:50 pm | BusinessDesk
June 3 (BusinessDesk) - The extra expense of an electric vehicle roughly equates to the cost of installing roof-top solar electricity generation, making it a better investment for environmental outcomes, says John Hancock, the head of the Smart Grid ... More >>
NZ building activity grows for fifth quarter in March
Friday, 3 June 2016, 11:36 am | BusinessDesk
June 3 (BusinessDesk) - New Zealand building activity grew for a fifth quarter in the March period as Auckland dominated construction for both residential and commercial construction. More >>
Auckland house price growth is stabilising, Barfoot says
Friday, 3 June 2016, 10:43 am | BusinessDesk
June 3 (BusinessDesk) - Auckland house price growth appears to be stabilising since hitting a record in November last year, according to the city's largest realtor. More >>
Late company tax filings produce smaller surplus
Friday, 3 June 2016, 10:28 am | BusinessDesk
June 3 (BusinessDesk) - The New Zealand government posted a smaller than expected operating surplus in the first 10 months of the financial year as a number of large company tax assessments are being filed later than anticipated. More >>
Graeme Hart's UCI Holdings files for bankruptcy protection
Friday, 3 June 2016, 10:09 am | BusinessDesk
June 3 (BusinessDesk) - New Zealand billionaire Graeme Hart's UCI Holdings auto parts business has filed for bankruptcy protection in the United States as it looks to restructure. More >>
NZ new vehicle sales rise to a record in May
Friday, 3 June 2016, 9:28 am | BusinessDesk
June 3 (BusinessDesk) - New Zealand new vehicle sales rose to an all-time high in May, led by record demand for commercial models. More >>
Fonterra sets strike price for dividend reinvestment plan
Friday, 3 June 2016, 9:25 am | BusinessDesk
June 3 (BusinessDesk) - Fonterra Co-operative Group has set a strike price for Fonterra Shareholders Fund units of $5.574 for unitholders participating in the dairy processor's dividend reinvestment plan. More >>
NZ dollar continues to gain against Aussie
Friday, 3 June 2016, 9:22 am | BusinessDesk
June 3 (BusinessDesk) - The New Zealand dollar gained against the Australian dollar as divergent interest rates and a weaker Australian economy prompt investors to favour the kiwi. More >>
While you were sleeping: Wall St slips
Friday, 3 June 2016, 5:21 am | BusinessDesk
June 3 (BusinessDesk) - Wall Street moved lower, while US Treasuries rose, as investors assessed OPEC’s failure to agree on an output ceiling and awaited a key US government jobs report to gauge the odds the Federal Reserve might hike interest rates this ... More >>
Steel & Tube shares fall to lowest level in 15 years
Thursday, 2 June 2016, 4:51 pm | BusinessDesk
June 2 (BusinessDesk) - Shares in Steel & Tube Holdings have fallen to their lowest level since the aftermath of the attacks on the World Trade Centre in New York on September 2001. More >>
Dairy farm values could fall 40 percent from peak
Thursday, 2 June 2016, 3:23 pm | BusinessDesk
June 2 (BusinessDesk) - Heartland Bank, the Auckland-based lender, has told investors it is monitoring the dairy sector "with close attention" at a presentation and has warned farm values could fall 40 percent from peak to trough if the downturn continues ... More >>
Kermadec sanctuary undermines settlement process
Thursday, 2 June 2016, 2:41 pm | BusinessDesk
June 2 (BusinessDesk) - The government's proposal to create a 62,000 square kilometre ocean sanctuary in the Kermadec region undermines the integrity of Treaty of Waitangi settlements in expropriating Maori fishing rights, says Te Ohu Kaimoana chairman ... More >>
Government sets the bar for Auckland Unitary Plan
Thursday, 2 June 2016, 1:36 pm | BusinessDesk
June 2 (BusinessDesk) - Housing Minister Nick Smith has unveiled the government's biggest weapon yet in its attempts to solve Auckland housing unaffordability, with a National Policy Statement that lets it force local councils into making enough ... More >>
Auckland Academy of Learning charged
Thursday, 2 June 2016, 11:52 am | BusinessDesk
June 2 (BusinessDesk) - The Commerce Commission has charged Auckland Academy of Learning over the way it sold education software packages, saying staff misrepresented the product and breached consumer credit and direct selling laws. More >>
Pay equity decision looms
Thursday, 2 June 2016, 11:33 am | BusinessDesk
June 2 (BusinessDesk) - A pay equity working group set up following a landmark Court of Appeal ruling is close to announcing its recommendations to the government on how the court's interpretation of the Equal Pay Act could be applied, with the aged-care ... More >>
Restaurant Brands lifts first quarter sales 8.5%
Thursday, 2 June 2016, 9:56 am | BusinessDesk
June 2 (BusinessDesk) - Restaurant Brands New Zealand lifted first-quarter sales 8.5 percent as the acquisition of New South Wales' biggest KFC franchise bolstered revenue in the period. More >>
