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 614]
Metlifecare likely to see share price surge
Thursday, 5 May 2016, 5:03 pm | BusinessDesk
May 5 (BusinessDesk) - Analysts are picking a likely upsurge in the share price of retirement village operator Metlifecare in coming months due to a ramp-up in development, change in leadership, and supportive conditions, despite the company having traded ... More >>
'Under pressure' Weldon froze funding for Grain Exchange
Thursday, 5 May 2016, 4:55 pm | BusinessDesk
May 5 (BusinessDesk) - Former NZX chief executive Mark Weldon was under pressure from his board over the performance of acquisitions and over his own performance when he stopped funding for Clear Grain Exchange, Wellington's High Court has heard. More >>
No road user charges feature in Govt package
Thursday, 5 May 2016, 4:54 pm | BusinessDesk
May 5 (BusinessDesk) - Drivers of electric vehicles won't have to pay road user charges and will be allowed to drive in bus lanes as part of a new government plan to double EV numbers annually to a target 64,000 by 2021. More >>
RMA reforms running into heavy weather at select committee
Thursday, 5 May 2016, 4:09 pm | BusinessDesk
May 5 (BusinessDesk) - The select committee considering reforms to the Resource Management Act is hearing a chorus of concern about proposals to limit rights of appeal on resource consents, expansion of ministerial powers, and fears over the potential for "collaborative ... More >>
Cyber-attacks a standard part of doing business with China
Thursday, 5 May 2016, 4:08 pm | BusinessDesk
May 5 (BusinessDesk) - China has been cited as one of the most active countries for cyber crime attacks at New Zealand's first Cyber Security Summit in Auckland. More >>
Key's lawyer, Whitney, no longer a lawyer
Thursday, 5 May 2016, 2:57 pm | BusinessDesk
May 5 (BusinessDesk) - The man routinely described as Prime Minister John Key's lawyer, John Whitney, is not in fact a lawyer anymore. More >>
Industry to advise on new cyber crime unit
Thursday, 5 May 2016, 2:55 pm | BusinessDesk
May 5 (BusinessDesk) - Communications Minister Amy Adams is setting up a private sector advisory board to help set up and run the new national Computer Emergency Response Team and introducing a cyber credentials scheme for small businesses later ... More >>
NZ Super Fund 'happy' with Z Energy stake
Thursday, 5 May 2016, 2:53 pm | BusinessDesk
May 5 (BusinessDesk) - The New Zealand Superannuation Fund said it is happy to remain a holder of shares in Z Energy, which reached a record high today, after Australian media reports suggesting it planned to sell its 10 percent stake in the fuel retailer. More >>
Fonterra cuts Australian farmgate milk price
Thursday, 5 May 2016, 2:40 pm | BusinessDesk
May 5 (BusinessDesk) - Fonterra Cooperative Group cut its forecast farmgate milk price to its Australian dairy farmers for the current season, saying it better reflects the oversupply of milk which is weighing on global dairy commodity prices. It also ... More >>
GeoOp shareholders approve merger with InterfaceIT
Thursday, 5 May 2016, 2:38 pm | BusinessDesk
May 5 (BusinessDesk) - GeoOp shareholders have overwhelmingly approved a merger with Australian mobile sales app developer InterfaceIT and welcomed Roger Sharp to the board, where he is to replace Mark Weldon as chairman. More >>
Fonterra cuts Australian farmgate milk price, offers loans
Thursday, 5 May 2016, 1:35 pm | BusinessDesk
May 5 (BusinessDesk) - Fonterra Cooperative Group cut its forecast farmgate milk price to its Australian dairy farmers for the current season, saying it better reflects the oversupply of milk which is weighing on global dairy commodity prices. It also ... More >>
Government to spend $22.2 million to help combat cyber crime
Thursday, 5 May 2016, 12:39 pm | BusinessDesk
May 5 (BusinessDesk) - The government will spend $22.2 million over the next four years to help combat cyber crime. More >>
OIO fee hike will lift staff numbers
Thursday, 5 May 2016, 12:32 pm | BusinessDesk
May 5 (BusinessDesk) - The government has flagged plans to speed up the overseas investment regime, hiking application fees to allow the Overseas Investment Office to take on more staff and clarifying exemption rules. More >>
Bank of NZ bad debt provision jumps 83%
Thursday, 5 May 2016, 12:10 pm | BusinessDesk
May 5 (BusinessDesk) - Bank of New Zealand's charge for bad and doubtful debts jumped 83 percent in the first half as the local unit of National Australia Bank doubled its provision against its dairy book in the face of a sustained downturn. More >>
Turners raises annual earnings guidance
Thursday, 5 May 2016, 11:27 am | BusinessDesk
May 5 (BusinessDesk) - Turners raised its full-year profit forecast as all its trading operations maintained strong performance in the last quarter of the financial year. Its shares rose 4.6 percent. More >>
Australia Bank's NZ cash earnings drop 3% on dairy provision
Thursday, 5 May 2016, 10:38 am | BusinessDesk
May 5 (BusinessDesk) - National Australia Bank's New Zealand cash earnings dropped 3 percent in its first half as the lender took impairments against its rural loan book because of the dairy industry downturn while its net interest margin shrank. More >>
NZX cash market trading climbs 47% in April
Thursday, 5 May 2016, 9:56 am | BusinessDesk
May 5 (BusinessDesk) - NZX cash trading jumped 47 percent by volume in April from the same month last year with gains in both equity and debt security transactions. More >>
NZ dollar unchanged as investors await US payrolls report
Thursday, 5 May 2016, 9:08 am | BusinessDesk
May 5 (BusinessDesk) - The New Zealand dollar was little changed as investors mulled mixed US economic data releases overnight as they await the key US nonfarm payroll data tomorrow for a steer on the outlook for growth in the world's largest economy. More >>
MARKET CLOSE: NZ shares fall led by Air NZ, Xero
Thursday, 5 May 2016, 9:06 am | BusinessDesk
May 4 (BusinessDesk) - New Zealand shares fell, not maintaining yesterday's gains as Air New Zealand, Xero and Skellerup dropped though Sky Network Television gained. More >>
While you were sleeping: Equities drop on data
Thursday, 5 May 2016, 7:14 am | BusinessDesk
May 5 (BusinessDesk) - Wall Street declined as worse-than-expected US economic data and disappointing earnings bolstered concern about the outlook for corporate profits. More >>
