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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 664]
Telco investment has hit $1.7 bln a year: industry report
Thursday, 11 February 2016, 9:22 am | BusinessDesk
Feb. 11 (BusinessDesk) - Investment in the telecommunications sector is $1.7 billion a year, proportionately one of the highest levels in the OECD, according to a report released today on the status of the New Zealand sector. More >>
NZ dollar holds gains after Yellen sticks to rate hike plan
Thursday, 11 February 2016, 8:51 am | BusinessDesk
Feb. 11 (BusinessDesk) - The New Zealand dollar held on to its gains after Federal Reserve chair Janet Yellen signalled the US central bank still intends to continue tightening monetary policy, although conditions had become less supportive. More >>
While you were sleeping: Yellen signals confidence
Thursday, 11 February 2016, 7:06 am | BusinessDesk
Feb. 11 (BusinessDesk) - Wall Street and the US dollar rose after Federal Reserve Chair Janet Yellen signalled confidence in the US economy, even as she confirmed her expectation for “gradual increases” in the central bank’s key target interest ... More >>
MARKET CLOSE: NZ shares fall on weak global sentiment
Wednesday, 10 February 2016, 6:05 pm | BusinessDesk
MARKET CLOSE: NZ shares fall on weak global sentiment; Xero, Spark, A2 drop, Warehouse rises More >>
UPDATE: Alliance plans to start docking farmer payments
Wednesday, 10 February 2016, 5:52 pm | BusinessDesk
Feb. 10 (BusinessDesk) - Alliance Group, New Zealand's second-largest meat cooperative, plans to start withholding some stock payments to its farmers from next week to bolster its balance sheet and force suppliers to meet their share requirements. More >>
NZ dollar holds gains on lure of positive yields
Wednesday, 10 February 2016, 5:24 pm | BusinessDesk
Feb. 10 (BusinessDesk) - The New Zealand dollar held on to most of its gains in the local trading session as the country's positive yields attracted investors struggling to find actual returns, while they become increasingly nervous about the prospects ... More >>
Dividends in focus for NZ earnings season
Wednesday, 10 February 2016, 5:22 pm | BusinessDesk
Feb. 10 (BusinessDesk) - The reporting season that kicks off this week may show moderating sales and earnings growth for New Zealand's listed companies, leaving dividend payments to underpin a stock market trading at high multiples. More >>
LIC first-half profit drops 46% as farmers spend less
Wednesday, 10 February 2016, 5:17 pm | BusinessDesk
Feb. 10 (BusinessDesk) - Livestock Improvement Corp, the farmer-owned cooperative that focuses on herd genetics, farm software and automation, says first-half profit slumped 46 percent, due to the lower dairy payout and reduced farmer spending. More >>
More PPP schools contracted by Ministry of Education
Wednesday, 10 February 2016, 4:16 pm | BusinessDesk
Feb. 9 (BusinessDesk) - Plans for more schools to be built under the Ministry of Education's Public Private Partnership have been set out in a tender document sent to interested companies. More >>
FMA appeals breach of natural justice ruling over Vivier
Wednesday, 10 February 2016, 3:43 pm | BusinessDesk
Feb. 10 (BusinessDesk) - The Financial Markets Authority has appealed a High Court ruling that it breached Vivier & Co's rights to natural justice by failing to provide the firm with detailed evidence for the decision to remove it from the Financial ... More >>
'Health freedom' groups win bill feedback deadline extension
Wednesday, 10 February 2016, 3:17 pm | BusinessDesk
Feb. 10 (BusinessDesk) - The government has extended the deadline for feedback on regulations for a bill that will create a register and regulator for natural health products, a proposed law that's awaiting its third reading after more than a decade ... More >>
Alliance plans to start docking farmer payments for shares
Wednesday, 10 February 2016, 2:41 pm | BusinessDesk
Feb. 10 (BusinessDesk) - Alliance Group, New Zealand's second-largest meat cooperative, plans to start withholding some stock payments to its farmers from next week to bolster its balance sheet and force suppliers to meet their share requirements. More >>
Housing NZ directors get 63% pay hike
Wednesday, 10 February 2016, 1:52 pm | BusinessDesk
Feb. 10 (BusinessDesk) - Low pay was among the reasons for a rapid turnover in Housing New Zealand's boardroom in recent years, and the government's social housing agency has bumped up its fees by 63 percent after getting an exemption from the State Services ... More >>
ASB first-half profit rises 7% on lending, funds management
Wednesday, 10 February 2016, 1:15 pm | BusinessDesk
Feb. 10 (BusinessDesk) - ASB Bank reported a 7 percent rise in first-half statutory net profit to $474 million following growth in funds management and lending while the amount set aside for loan impairments gained 11 percent. More >>
Gvt inks $22.1m deal with NZ Merino to boost wool returns
Wednesday, 10 February 2016, 12:42 pm | BusinessDesk
Gvt inks $22.1m deal with NZ Merino to boost wool returns By Tina Morrison More >>
NZ beef exports to Taiwan rise to record
Wednesday, 10 February 2016, 11:51 am | BusinessDesk
NZ beef exports to Taiwan rise to a record, propelling it to 3rd largest market More >>
NZ credit, debit card retail spending rises in January
Wednesday, 10 February 2016, 11:50 am | BusinessDesk
Feb. 10 (BusinessDesk) - New Zealand retail spending on electronic cards rose in January, led by hospitality and durables, while the falling price of petrol led to lower expenditure on fuel. More >>
Wynyard signs $2.8M 3-year deal with state policing agency
Wednesday, 10 February 2016, 11:45 am | BusinessDesk
Feb. 10 (BusinessDesk) - Wynyard Group, whose shareholders will vote next week on giving the board more freedom to issue shares, has signed a $2.8 million deal to provide its intelligence software services to a state policing agency. More >>
NZ dollar advances as oil outlook weighs on greenback
Wednesday, 10 February 2016, 8:56 am | BusinessDesk
Feb. 10 (BusinessDesk) - The New Zealand dollar advanced on expectations continued weakness in oil prices reduces the likelihood of further US interest rate hikes, weighing on the greenback. More >>
While you were sleeping: Equities, oil slide further
Wednesday, 10 February 2016, 7:38 am | BusinessDesk
Feb. 10 (BusinessDesk) - Wall Street slid anew with the price of oil. European banks fell again. More >>
