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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 665]
MARKET CLOSE: NZ shares join global selloff
Tuesday, 9 February 2016, 5:52 pm | BusinessDesk
Feb. 9 (BusinessDesk) - New Zealand shares fell after the long weekend, catching up on a global selloff amid concerns global growth may be faltering. Xero and Orion Health Group were among decliners, while Coats Group rose. More >>
Auckland Council, James Hardie in leaky building appeal
Tuesday, 9 February 2016, 5:28 pm | BusinessDesk
Auckland Council, James Hardie appeal ruling on leaky building claim made beyond 10-year limit More >>
NZ dollar drops on heightened credit fears
Tuesday, 9 February 2016, 5:25 pm | BusinessDesk
Feb. 9 (BusinessDesk) - The New Zealand dollar fell as investors grew increasingly wary of corporate credit risk, sapping their appetite for risk-sensitive assets such as the kiwi. More >>
Apple NZ boosts 2015 earnings while deferring $8.3M in tax
Tuesday, 9 February 2016, 2:48 pm | BusinessDesk
Feb. 9 (BusinessDesk) - Apple Sales New Zealand, the local unit of the iPhone and iPad maker, has increased annual profit by 17 percent while deferring $8.3 million of tax to offset against future profits and potentially lower its 2016 tax bill. More >>
Cooling Auckland market helps slow house value gains
Tuesday, 9 February 2016, 12:08 pm | BusinessDesk
Feb. 9 (BusinessDesk) - A cooling Auckland housing market helped slow the pace of property value growth across New Zealand as regulatory curbs imposed last year continue to dent investor demand in the country's biggest city. More >>
Benefits of Chow reverse takeover deal outweigh negatives
Tuesday, 9 February 2016, 11:50 am | BusinessDesk
Benefits of Chow property deal in reverse takeover of RIS outweigh negatives, independent adviser says More >>
International bank Investec buys into crowd funder Equitise
Tuesday, 9 February 2016, 11:16 am | BusinessDesk
Feb. 9 (BusinessDesk) - International banking group Investec Australia has taken a 20 percent stake in Equitise, the only trans-Tasman equity crowd funder, as it looks to participate in growth in the sector. More >>
NZ dollar weakens following upbeat US jobs data
Tuesday, 9 February 2016, 8:28 am | BusinessDesk
Feb. 9 (BusinessDesk) - The New Zealand dollar weakened after an upbeat US employment report ahead of the local long weekend bolstered the US dollar. More >>
While you were sleeping: Stocks tumble, gold rises
Tuesday, 9 February 2016, 7:10 am | BusinessDesk
Feb. 9 (BusinessDesk) - Equities on both sides of the Atlantic tumbled, as energy stocks fell with the price of oil and as investors further unloaded tech stocks amid concern about the outlook for corporate profits amid a slowing global economy. More >>
MARKET CLOSE: NZ shares gain; A2, Kiwi Property rise
Friday, 5 February 2016, 5:54 pm | BusinessDesk
Feb. 5 (BusinessDesk) - New Zealand shares rose, led by milk marketer A2 Milk Co and Air New Zealand, although the value of trading continued to be relatively light as volatility in world markets and commodities kept some investors on the sidelines. ... More >>
NZ dollar slips from month-high ahead of US payrolls
Friday, 5 February 2016, 5:32 pm | BusinessDesk
Feb. 5 (BusinessDesk) - The New Zealand dollar fell from a month-high ahead of employment data in the US that may give investors more clarity on how much time the US Federal Reserve will take to raise interest rates again. More >>
Fonterra offers organic farmers new market returns formula
Friday, 5 February 2016, 4:14 pm | BusinessDesk
Feb. 5 (BusinessDesk) - Fonterra Cooperative Group is for the first time offering its organic dairy farmers a payout based on market returns in a bid to boost organic supply as competition and consumer demand increase. More >>
NZX dairy futures point to further decline in WMP
Friday, 5 February 2016, 2:57 pm | BusinessDesk
NZX dairy futures point to further decline in whole milk powder from six-month low More >>
Fresh NZ seafood reaches China via Alibaba's Tmall platform
Friday, 5 February 2016, 2:40 pm | BusinessDesk
Feb. 5 (BusinessDesk) - Fresh New Zealand seafood is being shipped directly to consumers in mainland China using Alibaba Group Holding's third-party sales platform, Tmall.com. More >>
Zespri and T&G's collaboration an example for all industry
Friday, 5 February 2016, 1:43 pm | BusinessDesk
Feb. 5 (BusinessDesk) - Horticulture New Zealand says the memorandum of understanding signed today between former foes Zespri and T&G Global is an example of how the horticultural industry will achieve a planned doubling in value by 2020. More >>
NZ wool prices slip on higher kiwi, reduced China demand
Friday, 5 February 2016, 1:26 pm | BusinessDesk
Feb. 5 (BusinessDesk) - New Zealand wool prices declined as an increase in the kiwi dollar made the country's exports less attractive. More >>
Small cost in removing carbon subsidy for big emitters:NZIER
Friday, 5 February 2016, 11:26 am | BusinessDesk
Feb. 5 (BusinessDesk) - Removing the current subsidy for heavy emitters of greenhouse gases from the emissions trading scheme would impose "a small cost on the economy as a whole" and would be more heavily borne by the agricultural and extractive ... More >>
UPDATE2: Hallenstein shares fall on profit, dividend drop
Friday, 5 February 2016, 11:14 am | BusinessDesk
Feb. 5 (BusinessDesk) - Hallenstein Glasson Holdings shares dropped after the clothing retailer said first-half profit fell about 20 percent, and it will trim its interim dividend, because a weaker New Zealand dollar and competition crimped margins. More >>
UPDATE: Hallenstein shares tumble on lower profit, dividend
Friday, 5 February 2016, 10:58 am | BusinessDesk
Feb. 5 (BusinessDesk) - Hallenstein Glasson Holdings shares dropped after the clothing retailer said first-half profit fell about 20 percent, and it will trim its interim dividend, because a weaker New Zealand dollar and competition crimped margins. More >>
NZ directors more aware of risk, focus on cyber security
Friday, 5 February 2016, 10:24 am | BusinessDesk
Feb. 5 (BusinessDesk) - Directors of New Zealand companies are increasingly aware of risk, with more focus on online threats while reputation remains important, according to a survey from the Institute of Directors and risk management firm Marsh. More >>
