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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 68]
Warehouse lifts Q3 sales 1.9%
Friday, 10 May 2019, 1:07 pm | BusinessDesk
May 10 (BusinessDesk) - The Warehouse Group says its third quarter sales rose 1.9 percent with its flagship Red Sheds brand returning to positive same-store sales growth. More >>
Seeka cuts earnings forecast on smaller crop
Friday, 10 May 2019, 12:57 pm | BusinessDesk
May 10 (BusinessDesk) - Kiwifruit grower and marketer Seeka has cut its full-year earnings guidance by $4 million due to reduced harvests in both New Zealand and Australia. More >>
Infratil in talks to buy Vodafone NZ
Friday, 10 May 2019, 12:42 pm | BusinessDesk
May 10 (BusinessDesk) - Infratil says it is in talks with another party to buy Vodafone Group's New Zealand business. More >>
NZ dollar firms as investors await outcome of US-China trade
Friday, 10 May 2019, 11:15 am | BusinessDesk
May 10 (BusinessDesk) - The New Zealand dollar firmed on improved prospects for a deal out of US-China trade talks this week. More >>
MARKET CLOSE: NZ shares extend gain on low-rate tailwind
Thursday, 9 May 2019, 8:56 pm | BusinessDesk
May 9 (BusinessDesk) - New Zealand shares rose for a third day as the Reserve Bank's rate cut provides another tailwind to the stock market. Vista Group International hit a record. More >>
NZ dollar rises against Aussie on China-US trade strife
Thursday, 9 May 2019, 8:12 pm | BusinessDesk
May 9 (BusinessDesk) - The New Zealand dollar rose against the Australian dollar after US President Donald Trump accused China of breaking the trade deal the two countries are still negotiating. More >>
Have your say on reviving NZ's capital markets
Thursday, 9 May 2019, 7:08 pm | BusinessDesk
May 9 (BusinessDesk) - Is it all the fault of journalists focusing only on poorly performing listed companies, or is it just that New Zealanders highly value their privacy and anonymity? More >>
First Gas eyes national energy centre for hydrogen trial
Thursday, 9 May 2019, 5:50 pm | BusinessDesk
First Gas eyes national energy centre for hydrogen pipeline trial More >>
PM hints at wriggle room on KiwiBuild target of 100,000
Thursday, 9 May 2019, 4:17 pm | BusinessDesk
May 9 (BusinessDesk) - Prime Minister Jacinda Ardern added further weight to speculation that the government is preparing to shift the goalposts on its KiwiBuild initiative to build 100,000 affordable homes within 10 years. More >>
High Court imposes record bans on Ponzi scheme operator
Thursday, 9 May 2019, 4:08 pm | BusinessDesk
May 9 (BusinessDesk) - The High Court has permanently prohibited convicted Ponzi scheme operator Lance Jared Ryan from managing a company and banned his former co-defendant David Blake for 12 years. More >>
Cameron sees a ruthless future without democracy or meat
Thursday, 9 May 2019, 4:06 pm | BusinessDesk
May 9 (BusinessDesk) - Global demand for New Zealand's meat and dairy products is under threat as the world responds to climate change by eating more and more plant-based protein, Hollywood filmmaker James Cameron told the government's Just Transitions ... More >>
UPDATE: Tilt advances Waverley, withholds dividend
Thursday, 9 May 2019, 3:43 pm | BusinessDesk
May 9 (BusinessDesk) - Tilt Renewables says it expects to execute an off-take agreement for the 130-megawatt wind farm it plans at Waverley within weeks. More >>
Tilt advances Waverley project, withholds dividend
Thursday, 9 May 2019, 1:14 pm | BusinessDesk
May 9 (BusinessDesk) - Tilt Renewables says it expects to execute an off-take agreement for the 130-megawatt wind farm it plans at Waverley within weeks. More >>
Geo's annual sales to fall short of guidance
Thursday, 9 May 2019, 1:06 pm | BusinessDesk
Geo's annual sales to fall short of guidance, break-even postponed More >>
Wrightson to return a lower $235M to shareholders
Thursday, 9 May 2019, 12:25 pm | BusinessDesk
May 9 (BusinessDesk) - PGG Wrightson plans to return $235 million to shareholders via a share buyback, less than previously flagged, now the sale of its seeds division to Denmark's DLF Seeds has left it flush with cash. More >>
Govt opens low-carbon summit
Thursday, 9 May 2019, 12:24 pm | BusinessDesk
May 9 (BusinessDesk) - The government will invest $27 million to establish a new energy centre in Taranaki as a gesture towards assisting the region's transition from a multi-billion dollar oil and gas industry to a low-carbon economy. More >>
Govt delays upgrade of weak and unclear whistleblower law
Thursday, 9 May 2019, 11:22 am | BusinessDesk
May 9 (BusinessDesk) - Changes to whistleblower legislation to make it easier for employees to report everything from bullying to fraud have been delayed. This also pushes back moves to potentially bring the private sector into a critical part of ... More >>
NZ dollar weaker after RBNZ cut; all eyes on US-China talks
Thursday, 9 May 2019, 10:57 am | BusinessDesk
May 9 (BusinessDesk) - The New Zealand dollar was weaker after the domestic central bank cut rates to a record low 1.50 percent and as markets await news on the latest US-China trade talks. More >>
MARKET CLOSE: NZ shares rally on RBNZ rate cut
Wednesday, 8 May 2019, 8:54 pm | BusinessDesk
May 8 (BusinessDesk) - New Zealand shares staged a late rally as the Reserve Bank's cut to the official cash rate boosted the attraction of companies paying reliable dividends such as Contact Energy and Mercury NZ. More >>
Economists say more RBNZ rate cuts are coming
Wednesday, 8 May 2019, 8:19 pm | BusinessDesk
May 8 (BusinessDesk) - The Reserve Bank of New Zealand cut rates by 25 basis points to a record low 1.5 percent and economists expect it to cut again. More >>
