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 628]
More migration only way to bridge ICT skills gap, says Joyce
Friday, 8 April 2016, 4:17 pm | BusinessDesk
Science and Innovation Minister Steven Joyce says more migration is the only way to bridge the current skills gap for ICT companies in New Zealand. More >>
Icehouse, ICE Angels launch $10 mln fund for start-ups
Friday, 8 April 2016, 2:45 pm | BusinessDesk
April 8 (BusinessDesk) - Incubator Icehouse and angel investment network ICE Angels have launched a $10 million fund, which they plan to invest in 25 start-ups over the next three years, attracting backing from Warehouse founder Stephen Tindall. More >>
Vista buys NZ movie website Flicks for undisclosed sum
Friday, 8 April 2016, 2:39 pm | BusinessDesk
April 8 (BusinessDesk) - Vista Group International, the cinema software and analytics firm, bought movie website Flicks for an undisclosed sum. More >>
Dwindling market liquidity spurs RBNZ
Friday, 8 April 2016, 2:24 pm | BusinessDesk
April 8 (BusinessDesk) - Dwindling liquidity in short-term money markets has prompted the Reserve Bank to lift its participation as a means to limit volatility and keep short-term rates near the official cash rate. More >>
Investors selling Diligent shares to avoid being taxed
Friday, 8 April 2016, 2:17 pm | BusinessDesk
April 8 (BusinessDesk) - New Zealand-based investors are selling out of Diligent Corp before the company's acquired by venture capital firm Insight Venture Partners out of fear they'll have to pay tax, analysts say. More >>
NZ Post pays $12 mln to amend lease agreement with Argosy
Friday, 8 April 2016, 1:41 pm | BusinessDesk
April 8 (BusinessDesk) - New Zealand Post will pay $12 million to Argosy Property after the state-owned mail delivery service's shrinking business meant it didn't need the top three floors of Wellington's New Zealand Post House. More >>
NZ wool prices advance on lower kiwi, increased demand
Friday, 8 April 2016, 11:55 am | BusinessDesk
April 8 (BusinessDesk) - New Zealand wool prices advanced at this week's auction as a lower kiwi dollar and increased competition for specific fibres bolstered demand. More >>
Zespri may need to ditch or repackage 1.7M kiwifruit
Friday, 8 April 2016, 10:44 am | BusinessDesk
April 8 (BusinessDesk) - Kiwifruit marketer Zespri International says it may need to ditch or repackage 1.7 million trays of kiwifruit it has put on precautionary hold after it was potentially affected by an oil leak in packaging. More >>
NZ government unexpectedly posts 8-month surplus
Friday, 8 April 2016, 10:36 am | BusinessDesk
April 8 (BusinessDesk) - The New Zealand government recorded a surplus in the first eight months of the year, compared to the Treasury's forecast for a deficit, mainly driven by higher-than-expected tax revenue. More >>
Precautionary hold placed on 1.7 mln kiwifruit trays
Friday, 8 April 2016, 9:56 am | BusinessDesk
April 8 (BusinessDesk) - Kiwifruit marketer Zespri has put a precautionary hold on 1.7 million trays of kiwifruit potentially affected by an oil leak in the packaging. More >>
Kiwi Property to buy 50% of Tainui's The Base mall
Friday, 8 April 2016, 9:29 am | BusinessDesk
April 8 (BusinessDesk) - Kiwi Property Group, New Zealand's biggest listed property investor by market value, has agreed to buy 50 percent of Hamilton's The Base shopping centre from Tainui Group Holdings for $192.5 million and offered $197.5 million for ... More >>
Michael Hill 9-month revenue rises 9.1%
Friday, 8 April 2016, 9:27 am | BusinessDesk
April 8 (BusinessDesk) - Michael Hill International, the listed jewellery retailer, said revenue rose 9.1 percent in the first nine months of its financial year as sales increased across all of its four geographic markets. More >>
Local councils need to improve forecasting accuracy
Friday, 8 April 2016, 9:13 am | BusinessDesk
April 7 (BusinessDesk) - Local councils spent considerably less than they budgeted on capital expenditure in 2015, with some spending below the rate of depreciation, according to the Auditor-General. More >>
NZ dollar slides to 7-mth low vs. yen
Friday, 8 April 2016, 8:58 am | BusinessDesk
April 8 (BusinessDesk) - The New Zealand dollar fell to its lowest level against the yen in more than seven months as risk aversion increased the allure of the Japanese currency amid speculation the country's central bank won't intervene to push it lower. More >>
While you were sleeping: Growth worries ratchet higher
Friday, 8 April 2016, 7:17 am | BusinessDesk
April 8 (BusinessDesk) - Equities declined amid renewed concern about the global economy and whether the world’s central banks have hit a wall in efforts to bolster growth. More >>
Court of Appeal rules against Lepionka over development
Thursday, 7 April 2016, 6:09 pm | BusinessDesk
April 7 (BusinessDesk) - The co-founder of the Charlie's juice company, Stefan Lepionka has lost a dispute with an architect over a Hawke's Bay lifestyle block in the Court of Appeal in a ruling that found Lepionka & Co "was arguably acting in bad ... More >>
MARKET CLOSE: NZ shares chart new record; Orion extends gain
Thursday, 7 April 2016, 5:56 pm | BusinessDesk
MARKET CLOSE: NZ shares chart new record; Orion extends gains, SkyCity drops as CEO quits More >>
NZ dollar gains on tentative Fed, stronger crude oil
Thursday, 7 April 2016, 5:38 pm | BusinessDesk
NZ dollar gains on tentative Fed, stronger crude oil as China's big data week awaited More >>
Councils underspent in 2015, need to improve forecasts: AG
Thursday, 7 April 2016, 5:38 pm | BusinessDesk
April 7 (BusinessDesk) - Local councils spent considerably less than they budgeted on capital expenditure in 2015, with some spending below the rate of depreciation, according to the Auditor-General. More >>
Steel & Tube 'maintains confidence' in seismic mesh
Thursday, 7 April 2016, 5:07 pm | BusinessDesk
April 7 (BusinessDesk) - Steel & Tube Holdings has reiterated its confidence in its seismic mesh and says Commerce Commission tests that showed it didn't meet the requirements of the standard only involved a handful of sheets, some made nine ... More >>
