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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 601]
More charges laid in reponse to Waikato bobby calves footage
Thursday, 26 May 2016, 4:54 pm | BusinessDesk
May 26 (BusinessDesk) - The Ministry for Primary Industries has laid a second set of charges as part of an investigation into the alleged abuse of bobby calves in the Waikato. More >>
SkyCity deal to prepare ground for Adelaide expansion
Thursday, 26 May 2016, 4:20 pm | BusinessDesk
May 26 (BusinessDesk) - SkyCity Entertainment Group, New Zealand's only listed casino, has signed a deal with the South Australian government on preliminary works to prepare for the expansion of its Adelaide casino and the wider redevelopment of the site. More >>
Ross Asset Management investor McIntosh allowed to appeal
Thursday, 26 May 2016, 4:13 pm | BusinessDesk
May 26 (BusinessDesk) - The Supreme Court has granted former Ross Asset Management investor Hamish McIntosh leave to appeal the Court of Appeal's ruling that he could keep the $500,000 he managed to extract from the Ponzi scheme before its failure, ... More >>
Macquarie agrees to sell
Thursday, 26 May 2016, 3:35 pm | BusinessDesk
May 26 (BusinessDesk) - Macquarie Group, the Australian financial firm, agreed to sell the majority of its New Zealand retail wealth management business to local investment manager Warren Couillault and some of its employees, retaining a cornerstone shareholding. More >>
BUDGET 2016: Flavell gets $17.8 mln
Thursday, 26 May 2016, 2:47 pm | BusinessDesk
BUGDET 2016: Flavell gets $17.8 mln to get Maori land reform up and running More >>
BUDGET 2016: NZDMO trims $8 bln from bond programme
Thursday, 26 May 2016, 2:43 pm | BusinessDesk
May 26 (BusinessDesk) - The New Zealand Debt Management Office will cut $8 billion from its issuance programme through to 2020 as the government looks set to reduce debt. More >>
BUDGET 2016: Joyce flags extra $410.5 mln for science
Thursday, 26 May 2016, 2:37 pm | BusinessDesk
May 26 (BusinessDesk) - Science and Innovation Minister Steven Joyce announced an extra $410.5 million to fund science projects over the next four years in today’s budget. More >>
BUDGET 2016: DHBs big winner in English’s spend up
Thursday, 26 May 2016, 2:20 pm | BusinessDesk
May 26 (BusinessDesk) - District Health Boards are the big winners in Finance Minister Bill English’s eighth budget, with $1.6 billion coming their way over the next four years after a prolonged period of belt-tightening. More >>
BUDGET 2016: Industry’s ETS subsidy axed
Thursday, 26 May 2016, 2:20 pm | BusinessDesk
May 26 (BusinessDesk) - Electricity producers, transport fuel providers and industries with high carbon emissions will lose access to the subsidy that requires them to offset only half their emissions, Climate Change Minister Paula Bennett announced ... More >>
BUDGET 2016: Households, migrants and tourists
Thursday, 26 May 2016, 2:16 pm | BusinessDesk
May 26 (BusinessDesk) - Population growth, tourism, construction and low interest rates will underpin a robust economic outlook for the next four years, but the Budget forecasts show little change in growth rates from those forecast in the Budget a ... More >>
BUDGET 2016: Population-driven GDP growth
Thursday, 26 May 2016, 2:15 pm | BusinessDesk
May 26 (BusinessDesk) - Finance Minister Bill English has unveiled a rosier set of fiscal projections as the fastest population growth in 40 years drives economic growth and tax revenue, giving him room to spend more on health, law and order, and education ... More >>
Smartpay full-year profit slumps 86%
Thursday, 26 May 2016, 1:37 pm | BusinessDesk
May 26 (BusinessDesk) - Smartpay Holdings posted an 86 percent slump in annual profit after the payment terminal supplier lost a large Australian taxi contract just before the start of the financial year. More >>
Sanford almost doubles first-half profit
Thursday, 26 May 2016, 1:27 pm | BusinessDesk
May 26 (BusinessDesk) - Sanford, the country's largest listed fishing group, almost doubled its first-half profit as it focused on lifting values over volumes and benefited from lower fuel costs and a weaker New Zealand dollar. More >>
King Country Energy attacks grid charge overhaul
Thursday, 26 May 2016, 12:13 pm | BusinessDesk
May 26 (BusinessDesk) - King Country Energy, the central North Island power generator and retailer, has warned the Electricity Authority's planned overhaul of grid charges would both increase prices for its customers and leave it with little incentive to ... More >>
Sanford almost doubles first-half profit
Thursday, 26 May 2016, 12:06 pm | BusinessDesk
May 26 (BusinessDesk) - Sanford, the country's largest listed fishing group, almost doubled its first-half profit as it focused on lifting values over volumes and benefited from lower fuel costs and a weaker New Zealand dollar. More >>
Pacific Edge widens annual loss as it chases US growth
Thursday, 26 May 2016, 12:04 pm | BusinessDesk
May 26 (BusinessDesk) - Pacific Edge, the cancer diagnostics company, widened its annual loss as it invests to grow in the United States. More >>
Eroad posts $1.3 million annual loss, foresees 2017 growth
Thursday, 26 May 2016, 12:01 pm | BusinessDesk
May 26 (BusinessDesk) - Eroad, the logistics and fleet management company, posted an annual loss within its earlier guidance which it said was the result of more investment and US customer uncertainty. More >>
Energy Mad annual loss narrows as Australian sales surge
Thursday, 26 May 2016, 11:50 am | BusinessDesk
May 26 (BusinessDesk) - Energy Mad, the energy efficient lightbulb marketer, narrowed its annual loss as Australian sales surged higher. More >>
UPDATE: Fonterra's 2017 opening forecast below expectations
Thursday, 26 May 2016, 10:38 am | BusinessDesk
May 26 (BusinessDesk) - Fonterra Cooperative Group raised its forecast farmgate milk payout for next season by less than expected as the world's largest dairy exporter predicts lower prices will crimp production and supply will pick up. The New Zealand ... More >>
Trilogy buys 25% of rosehip producer
Thursday, 26 May 2016, 10:29 am | BusinessDesk
Trilogy buys 25% of rosehip producer in Chile for US$6 mln in cash, shares More >>
