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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 6]
Business confidence survey a clue to RBNZ's next move
Monday, 30 September 2019, 11:33 am | BusinessDesk
Sept. 30 (BusinessDesk) - The next clue to what the Reserve Bank might do in November will be this afternoon's business confidence survey. More >>
Dollar weaker as US-China jitters weigh on market sentiment
Monday, 30 September 2019, 11:17 am | BusinessDesk
Sept. 30 (BusinessDesk) - The New Zealand dollar was weaker after rumours the US was considering delisting Chinese companies from US stock exchanges among the latest move in the US-China trade war. More >>
Insurance, costs issues arise in Feltex court saga
Monday, 30 September 2019, 11:11 am | BusinessDesk
Sept. 30 (BusinessDesk) - The complexities of administering class actions are coming to the fore in the Feltex litigation, as its lead plaintiff goes uninsured and security for costs remains unpaid. More >>
MARKET CLOSE: NZ shares edge up in quiet trading
Friday, 27 September 2019, 8:56 pm | BusinessDesk
MARKET CLOSE: NZ shares edge up in quiet trading; property stocks rise while gentailers fall More >>
NZ dollar eases amid speculation
Friday, 27 September 2019, 8:28 pm | BusinessDesk
Sept. 27 (BusinessDesk) - The New Zealand dollar was slightly weaker after gaining a third of a US cent through a volatile week in which central banks featured large. More >>
US-Japan trade deal robs NZ exporters of CPTPP advantage
Friday, 27 September 2019, 8:12 pm | BusinessDesk
Sept. 27 (BusinessDesk) - New Zealand beef and cheese exporters to Japan will be robbed of the recently acquired advantage over US producers, who will gain access to the high-value market on the same terms as CPTPP signatories, despite the US walking ... More >>
UPDATE: Mercury NZ forced to use satellite pix
Friday, 27 September 2019, 7:18 pm | BusinessDesk
Sept. 27 (BusinessDesk) - An "unacceptable disclosure regime from gas suppliers" forced electricity generator and retailer Mercury NZ to use satellite photographs to work out what might be happening in the local natural gas market, according to ... More >>
Sealegs director takes aim at NZX at testy annual meeting
Friday, 27 September 2019, 4:39 pm | BusinessDesk
Sept. 27 (BusinessDesk) - Future Mobility Solutions director Mark Broadley criticised the NZX in defence of his company’s move to an unregulated exchange. More >>
Watercare inks $2.4b 10-year contract with Fulton Hogan
Friday, 27 September 2019, 4:23 pm | BusinessDesk
Sept. 27 (BusinessDesk) - Auckland Council-owned Watercare has signed a $2.4 billion contract with Fulton Hogan and Fletcher Building's construction arm to provide water and wastewater infrastructure in Auckland for the next 10 years. More >>
Hallenstein Glasson maintains sales momentum
Friday, 27 September 2019, 4:13 pm | BusinessDesk
Sept. 27 (BusinessDesk) - Hallenstein Glasson Holdings sales accelerated in the first two months of the new financial year, having beaten its annual profit guidance on the strength of its Glassons womenswear chain. More >>
Fonterra strategy positive but light on detail - Jarden
Friday, 27 September 2019, 3:14 pm | BusinessDesk
Sept. 27 (BusinessDesk) - Dairy giant Fonterra Cooperative Group's intent and direction is good but lacking in detail, says Jarden research analyst Arie Dekker. More >>
Mercury NZ forced to use satellite pix for gas market clues
Friday, 27 September 2019, 2:40 pm | BusinessDesk
Sept. 27 (BusinessDesk) - An "unacceptable disclosure regime from gas suppliers" forced electricity generator and retailer Mercury NZ to use satellite photographs to work out what might be happening in the local natural gas market, according to ... More >>
Consumer confidence at 4-year low
Friday, 27 September 2019, 1:29 pm | BusinessDesk
Sept. 27 (BusinessDesk) - Consumer confidence fell to its lowest level in four years as people grew more wary about the future, but low interest rates mean people still think it's a good time to buy big-ticket items. More >>
Ike to raise up to $6.5m to buy US engineering software firm
Friday, 27 September 2019, 1:27 pm | BusinessDesk
Sept. 27 (BusinessDesk) - IkeGPS will raise up to $6.5 million at a small discount to buy US engineering software developer PLT for as much as US$3.4 million in cash and shares. More >>
NZ Post's parcels business turns a small annual profit
Friday, 27 September 2019, 1:26 pm | BusinessDesk
Sept. 27 (BusinessDesk) - New Zealand Post's increasingly important parcels business turned a small annual profit, but that wasn't enough to avoid red ink with its mail service still in decline. More >>
Ports of Auckland annual profit drops 30%
Friday, 27 September 2019, 1:16 pm | BusinessDesk
Sept. 27 (BusinessDesk) - Ports of Auckland's annual net profit fell 30 percent and it axed its final dividend but its chief executive says it was "a good result in the circumstances." More >>
Contact decarbonisation effort gains momentum
Friday, 27 September 2019, 12:45 pm | BusinessDesk
Sept. 27 (BusinessDesk) - Contact Energy says its decarbonisation efforts are gaining momentum, with a new contract close on a project to install an electric boiler for an industrial user. More >>
Tony Alexander bows out as BNZ chief economist
Friday, 27 September 2019, 12:19 pm | BusinessDesk
Sept. 27 (BusinessDesk) - Bank of New Zealand's chief economist Tony Alexander has resigned after nearly 25 years in the role. More >>
NZ dollar still buoyed by RBNZ governor Orr's comments
Friday, 27 September 2019, 11:18 am | BusinessDesk
Sept. 27 (BusinessDesk) - The New Zealand dollar continues to hover around 63 US cents after the central bank governor said unconventional monetary policy was unlikely, although the currency's gains were capped by US dollar strength. More >>
MARKET CLOSE: NZ shares fall as investors unnerved
Thursday, 26 September 2019, 8:46 pm | BusinessDesk
Sept. 26 (BusinessDesk) - New Zealand shares fell, led lower by exporters Synlait Milk and Pushpay Holdings, as investors remained nervous about the global economy. Fonterra Shareholders' Fund units rallied as the dairy giant unveiled a new strategy ... More >>
