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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 66]
Fulton Hogan seeks buyer for civil construction unit
Wednesday, 15 May 2019, 12:46 pm | BusinessDesk
May 15 (BusinessDesk) - Fulton Hogan is looking to sell its Australian civil construction unit which has been a drag on earnings for the past 18 months. More >>
Waitomo foresees steady expansion beyond 2019
Wednesday, 15 May 2019, 11:08 am | BusinessDesk
May 15 (BusinessDesk) - Discount fuel retailer Waitomo Group expects to open five to six new outlets annually as it builds out its national network. More >>
NZ dollar sticks to tight range
Wednesday, 15 May 2019, 11:06 am | BusinessDesk
May 15 (BusinessDesk) - The New Zealand dollar is a tad weaker but largely range-bound as markets await further US-China trade developments. More >>
MARKET CLOSE: NZ shares fall
Tuesday, 14 May 2019, 9:22 pm | BusinessDesk
May 14 (BusinessDesk) - New Zealand shares fell as infrastructure investor Infratil flagged it will raise new equity to help fund its share of the $3.4 billion takeover of Vodafone New Zealand. More >>
NZ dollar rises on hopes for US-China trade talks
Tuesday, 14 May 2019, 9:21 pm | BusinessDesk
May 14 (BusinessDesk) - The New Zealand dollar was a little stronger after US President Donald Trump said he expects his country’s trade negotiations will be successful. More >>
Infratil wants Vodafone free to chase domestic strategy
Tuesday, 14 May 2019, 6:59 pm | BusinessDesk
May 14 (BusinessDesk) - Vodafone New Zealand's incoming shareholder wants the country's biggest mobile carrier free to pursue a domestic strategy rather than be beholden to the dictates of a multinational owner. More >>
Govt redirects $197M underspend to vocational reform
Tuesday, 14 May 2019, 4:30 pm | BusinessDesk
BUDGET 2019: Govt redirects $197M fees-free underspend to vocational training More >>
NZ shares drop on US-China trade jitters, Vodafone purchase
Tuesday, 14 May 2019, 4:23 pm | BusinessDesk
NZ shares drop on US-China trade jitters, Infratil's Vodafone purchase More >>
March guest nights down 4% from last year's earlier Easter
Tuesday, 14 May 2019, 3:19 pm | BusinessDesk
May 14 (BusinessDesk) - Total guest nights spent in hotels, motels, backpackers, and holiday parks fell 4 percent in March from a year earlier largely due to the timing of Easter. More >>
UPDATE: Auckland house price deflation accelerates
Tuesday, 14 May 2019, 3:08 pm | BusinessDesk
May 14 (BusinessDesk) - The decline in Auckland house prices is starting to accelerate as the number of house sales plummet, not just in Auckland but in most parts of the country. More >>
March-year migration rises, according to provisional data
Tuesday, 14 May 2019, 3:01 pm | BusinessDesk
May 14 (BusinessDesk) - Provisional migration data suggests the country gained a net 4,500 permanent and long-term residents in March, down from a revised 8,565 in February but up from 3,396 in March last year. More >>
Rural Equities sells second-largest property
Tuesday, 14 May 2019, 1:04 pm | BusinessDesk
May 14 (BusinessDesk) - Rural Equities, the farming group majority-owned by the Cushing family, has agreed to sell its second-largest property as it rejigs its portfolio. More >>
Auckland house price deflation accelerates
Tuesday, 14 May 2019, 1:02 pm | BusinessDesk
May 14 (BusinessDesk) - The decline in Auckland house prices is starting to accelerate as the number of house sales plummet, not just in Auckland but in most parts of the country. More >>
Infratil, Brookfield to assume $1.34B of debt for Vodafone
Tuesday, 14 May 2019, 1:01 pm | BusinessDesk
May 14 (BusinessDesk) - Infratil and Brookfield Asset Management's $3.4 billion purchase of Vodafone NZ will see them each pay $1.03 billion for a 49.9 percent stake. More >>
Downer, Visionstream win $450M of Chorus maintenance
Tuesday, 14 May 2019, 12:39 pm | BusinessDesk
May 14 (BusinessDesk) - Chorus has hired Downer EDI and Cimic Group's Visionstream to maintain its copper and fibre telecommunications network for the next three years at a cost of about $450 million. More >>
NZ dollar weighed on by escalating trade tensions
Tuesday, 14 May 2019, 11:21 am | BusinessDesk
May 14 (BusinessDesk) - The New Zealand dollar continued to be weighed on by escalating global trade tensions, with China now saying it will raise tariffs on some US goods from June 1. More >>
Consortium purchase values Vodafone NZ at $3.4 billion
Tuesday, 14 May 2019, 11:02 am | BusinessDesk
May 14 (BusinessDesk) - Vodafone Group has sold Vodafone New Zealand to a consortium comprising Infratil and Canada's Brookfield Asset Management for an enterprise value of $3.4 billion, it said in a press release. More >>
Infratil, Brookfield purchase values Vodafone NZ
Tuesday, 14 May 2019, 10:31 am | BusinessDesk
May 14 (BusinessDesk) - Vodafone Group has sold Vodafone New Zealand to a consortium comprising Infratil and Canada's Brookfield Asset Management for an enterprise value of $3.4 billion, it said in a press release. More >>
MARKET CLOSE: NZ shares rise as Trustpower hits record
Monday, 13 May 2019, 9:58 pm | BusinessDesk
May 13 (BusinessDesk) - New Zealand shares rose in quiet trading, with Trustpower hitting a record after declaring a special dividend at today's earnings result. Fonterra fund units rose on the sale of its Tip Top business. More >>
NZ dollar rises against China's yuan
Monday, 13 May 2019, 9:57 pm | BusinessDesk
May 13 (BusinessDesk) - The New Zealand dollar rose against China’s yuan as that country devalued its currency as part of its damage control in the wake of renewed trade hostilities with the United States. More >>
