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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 639]
MARKET CLOSE: Half billion dollar day for NZX
Friday, 18 March 2016, 6:14 pm | BusinessDesk
MARKET CLOSE: Half billion dollar day for NZX as 7.5% of Sky TV changes hands More >>
NZ dollar heads for 1.3% weekly gain as USD falls
Friday, 18 March 2016, 5:17 pm | BusinessDesk
March 18 (BusinessDesk) - The New Zealand dollar is heading for a 1.3 percent gain this week as demand for the greenback waned after the US Federal Reserve scaled back planned rate hikes because of weakening prospects for the global economy. More >>
NZ wool prices mixed with volumes declining near season end
Friday, 18 March 2016, 4:48 pm | BusinessDesk
March 18 (BusinessDesk) - New Zealand wool prices were mixed at auctions across both islands this week as volumes taper off in the last double selling event for the season. More >>
Saville's Utilico whittles down Infratil stake further
Friday, 18 March 2016, 1:29 pm | BusinessDesk
March 18 (BusinessDesk) - Long-standing Infratil investor Utilico Investments has whittled down its shareholding even further, selling about 5 million shares to leave it with 3.6 percent of the infrastructure investment firm. More >>
NZ consumer confidence falls in March, consumers cautious
Friday, 18 March 2016, 1:14 pm | BusinessDesk
March 18 (BusinessDesk) - New Zealand consumer confidence dipped slightly in March, but remained near the historical average, according to the latest ANZ-Roy Morgan Consumer Confidence Index. More >>
Forest & Bird appeals Ruataniwha land swap ruling
Friday, 18 March 2016, 12:55 pm | BusinessDesk
Forest & Bird appeals High Court decision over DOC land swap deal for Ruataniwha water scheme More >>
NZ Aluminium Smelters goes to Supreme Court over holiday pay
Friday, 18 March 2016, 10:51 am | BusinessDesk
March 18 (BusinessDesk) - New Zealand Aluminium Smelters, the operator of the Tiwai Point smelter, will go to the Supreme Court in a bid to overturn earlier decisions on the payment for statutory holidays that fell on a weekend, which it says leaves ... More >>
Vista shareholders to sell 25.5% of company to investors
Friday, 18 March 2016, 9:30 am | BusinessDesk
March 18 (BusinessDesk) - Twenty shareholders in VistaGroup International will sell about a quarter of the company's stock to institutions and retail brokers at a 6.3 percent discount to yesterday's closing price. More >>
NZ dollar hits highest level this year on GDP, Fed outlook
Friday, 18 March 2016, 8:40 am | BusinessDesk
NZ dollar hits highest level this year after better local growth, pullback in Fed rate hike view More >>
While you were sleeping: Wall St, commodities climb
Friday, 18 March 2016, 6:26 am | BusinessDesk
March 18 (BusinessDesk) - Wall Street and commodities gained a day after the US Federal Reserve flagged that there are fewer interest rate increases ahead this year than previously thought. More >>
MARKET CLOSE: NZ shares rise, but Steel & Tube falls
Thursday, 17 March 2016, 5:56 pm | BusinessDesk
MARKET CLOSE: NZ shares rise with intl markets; ANZ, Genesis, SkyCity gain, Steel & Tube drops More >>
NZ dollar jumped to week high as economy beats expectations
Thursday, 17 March 2016, 5:14 pm | BusinessDesk
March 17 (BusinessDesk) - The New Zealand dollar jumped to a week high against the greenback as the local economy grew more than expected through the final three months of 2015, and after the US Federal Reserve scaled back its planned rate hikes and ... More >>
NZ dollar jumped to week high as economy beats expectations
Thursday, 17 March 2016, 5:14 pm | BusinessDesk
March 17 (BusinessDesk) - The New Zealand dollar jumped to a week high against the greenback as the local economy grew more than expected through the final three months of 2015, and after the US Federal Reserve scaled back its planned rate hikes and ... More >>
CORRECT: UK, Canadian, Aust interests bid for social housing
Thursday, 17 March 2016, 4:42 pm | BusinessDesk
CORRECT: UK, Canadian and Australian interests bid for transfer of social housing in Tauranga and Invercargill More >>
UK, Canada, & Oz interests bid for social housing transfers
Thursday, 17 March 2016, 3:51 pm | BusinessDesk
March 17 (BusinessDesk) - Four bidders are competing to take over the running of just under 1500 Housing New Zealand properties in Invercargill and Tauranga. More >>
Robust economic growth may persist into March quarter
Thursday, 17 March 2016, 2:06 pm | BusinessDesk
March 17 (BusinessDesk) - New Zealand's run of producing stronger-than-expected economic growth may extend into the first three months of this year as a robust tourism industry and an expanding service sector continue to deliver pleasant surprises. More >>
Takeovers Panel seeks details of new Chow Group shareholders
Thursday, 17 March 2016, 1:55 pm | BusinessDesk
March 17 (BusinessDesk) - Property developers John and Michael Chow have reduced their holding in Chow Group as part of their efforts to meet NZX listing requirements but the Takeovers Panel wants to know if any new shareholders should be considered ... More >>
Regulator probes Steel & Tube's steel mesh endorsement
Thursday, 17 March 2016, 11:37 am | BusinessDesk
March 17 (BusinessDesk) - The Commerce Commission is to investigate Steel & Tube Holdings after the building products company's chief executive admitted selling "many thousands of sheets" of earthquake reinforcing mesh with certificates which ... More >>
NZ economy grows faster-than-forecast 0.9% in 4th quarter
Thursday, 17 March 2016, 11:02 am | BusinessDesk
NZ economy grows faster-than-forecast 0.9% in 4th quarter on business services, retail; kiwi jumps More >>
Jetstar caves in on 'opt-out' services for fare bookings
Thursday, 17 March 2016, 10:23 am | BusinessDesk
March 17 (BusinessDesk) - Jetstar has agreed to drop the use of pre-selected 'opt-out' services when selling airline tickets online after the Commerce Commission concluded there were grounds to prosecute the Qantas Airways subsidiary under the Fair Trading ... More >>
