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 644]
NZ Dollar falls ahead of RBNZ review
Wednesday, 9 March 2016, 5:43 pm | BusinessDesk
NZ dollar falls ahead of RBNZ review that may include lower bank bill track, kiwi comments More >>
Air NZ wins lost luggage case
Wednesday, 9 March 2016, 4:51 pm | BusinessDesk
March 9 (BusinessDesk) - Air New Zealand has won its legal action against a Disputes Tribunal decision that the airline contended had wider implications for the aviation industry and around 3.6 billion annual international travellers. More >>
Chow-backed Inno Capital wants Stonewood Homes back building
Wednesday, 9 March 2016, 3:55 pm | BusinessDesk
March 9 (BusinessDesk) - Inno Capital, the investment vehicle part-owned by Wellington property developers the Chow brothers, wants its newly-bought Stonewood Homes to get on to a stable footing and back to building houses as soon as possible. More >>
Tourists flexed their credit cards more in NZ last month
Wednesday, 9 March 2016, 1:48 pm | BusinessDesk
March 9 (BusinessDesk) - Tourists appear to be spending more on their credit cards in New Zealand, led by visitors from Australia and the UK, based on transactions through the Paymark network. More >>
Ministry's 'strained' relationship with DHB slows project
Wednesday, 9 March 2016, 1:37 pm | BusinessDesk
March 9 (BusinessDesk) - The $300 million development of a new acute services building at Christchurch Hospital has been bogged down by unclear governance and a strained relationship between the Ministry of Health and the local district health board, ... More >>
Govt in no hurry to reform Holidays Act
Wednesday, 9 March 2016, 1:00 pm | BusinessDesk
March 9 (BusinessDesk) - Business New Zealand and the Payroll Practitioners' Association are calling for an urgent review of the Holidays Act, but Workplace Relations Minister Michael Woodhouse is in no hurry to act. More >>
NZ credit, debit card retail spending rises 0.7% in February
Wednesday, 9 March 2016, 11:36 am | BusinessDesk
March 9 (BusinessDesk) - New Zealand retail spending on electronic cards rose for a 10th straight month in February, led by an increase in consumables such as food and liquor. More >>
Imperial Tobacco NZ full-year profit jumps 50%
Wednesday, 9 March 2016, 11:26 am | BusinessDesk
March 9 (BusinessDesk) - Imperial Tobacco New Zealand, the local unit of the UK's Imperial Brands Plc, posted a 50 percent jump in full-year profit by increasing Australian and domestic sales while keeping a lid on controllable costs. More >>
NZME boss Jane Hastings quits, as Aussie owner mulls options
Wednesday, 9 March 2016, 10:54 am | BusinessDesk
March 9 (BusinessDesk) - News publisher and broadcaster NZME's chief executive Jane Hastings has resigned to “pursue other opportunities” after 18 months in the role as its Australian owner, APN News & Media, considers its options for the ... More >>
NPT boss Kerry Hitchcock quits to pursue own interests
Wednesday, 9 March 2016, 9:56 am | BusinessDesk
March 9 (BusinessDesk) - Listed property investor NPT's managing director Kerry Hitchcock has left the company effective from yesterday "to pursue his own interests." More >>
NPT boss Kerry Hitchcock quits to pursue own interests
Wednesday, 9 March 2016, 9:56 am | BusinessDesk
March 9 (BusinessDesk) - Listed property investor NPT's managing director Kerry Hitchcock has left the company effective from yesterday "to pursue his own interests." More >>
Lion full-year earnings fall 21% on rise of boutique brewers
Wednesday, 9 March 2016, 9:25 am | BusinessDesk
March 2 (BusinessDesk) - Lion - Beer, Spirits and Wine (NZ), New Zealand's largest brewer, posted a 21 percent decline in full-year earnings as the industry adjusts to a market that's seen a rise in craft beers and where people are choosing to drink ... More >>
CORRECT: Genesis Energy to raise up to $100M from bond sale
Wednesday, 9 March 2016, 9:07 am | BusinessDesk
(Fixes incorrect implied coupon and comparisons to maturing bond in lede, 2nd and 3rd graphs) More >>
NZ dollar gains vs. GBP after BoE's Carney warns on Brexit
Wednesday, 9 March 2016, 8:40 am | BusinessDesk
NZ dollar gains vs. British pound after BoE's Carney says Brexit could hit economy More >>
While you were sleeping: China sinks stocks, metals
Wednesday, 9 March 2016, 7:31 am | BusinessDesk
March 9 (BusinessDesk) - Equities on both sides of the Atlantic moved lower after worse-than-expected trade data renewed concerns about China’s economy. More >>
MARKET CLOSE: NZ shares rise to a new record high
Tuesday, 8 March 2016, 6:10 pm | BusinessDesk
MARKET CLOSE: NZ shares rise to new record; Auckland Airport, Xero gain while Orion falls More >>
NZ dollar falls as Fonterra cuts forecast payout to farmers
Tuesday, 8 March 2016, 5:20 pm | BusinessDesk
March 8 (BusinessDesk) - The New Zealand dollar fell after Fonterra Cooperative Group cut its forecast payout to dairy farmers citing global oversupply, and as other commodity prices and equity markets dropped on waning appetite for risk-sensitive assets. More >>
Kiwi consultancy Crimson acquires another e-learning outfit
Tuesday, 8 March 2016, 3:14 pm | BusinessDesk
March 8 (BusinessDesk) - Crimson Consulting, the New Zealand-founded education consultancy that helps students win entry to the world’s elite universities, has merged with not-for-profit e-learning platform Campus Link. More >>
NZ businesses urged to check holiday pay
Tuesday, 8 March 2016, 3:12 pm | BusinessDesk
March 8 (BusinessDesk) - New Zealand businesses are being urged to check their payroll systems to ensure staff are being paid their maximum holiday pay entitlements. More >>
Genesis Energy to raise up to $100 mln in six-year bonds
Tuesday, 8 March 2016, 3:08 pm | BusinessDesk
March 8 (BusinessDesk) - Genesis Energy is looking to raise up to $100 million in a six-year bond at half the cost it's been paying on a note that matures next week. More >>
