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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 685]
While you were sleeping: Oil hits stocks
Friday, 18 December 2015, 7:03 am | BusinessDesk
Dec. 18 (BusinessDesk) - Wall Street declined, while the US dollar and Treasuries advanced, amid concern about the slide in oil prices. More >>
Vodafone NZ cuts off reseller Intagr8
Thursday, 17 December 2015, 5:55 pm | BusinessDesk
Dec. 17 (BusinessDesk) - Vodafone New Zealand, the country's biggest mobile phone operator, has cut off commercial telecommunications reseller Intagr8 after protracted payment negotiations fell over. More >>
MARKET CLOSE: NZ shares rise as Fed spurs global rally
Thursday, 17 December 2015, 5:48 pm | BusinessDesk
MARKET CLOSE: NZ shares rise as Fed spurs global rally; ANZ, Westpac gain, Chorus, Trade Me fall More >>
NZ dollar falls after Fed kicks off tightening cycle
Thursday, 17 December 2015, 5:13 pm | BusinessDesk
Dec. 17 (BusinessDesk) - The New Zealand dollar fell after the Federal Reserve began its well-signalled plan to start raising interest rates gradually over the coming years, ending the near-zero rate policy that's been in place since December 2008. More >>
Spark NZ raises prices, blames Chorus ruling
Thursday, 17 December 2015, 4:17 pm | BusinessDesk
Dec. 17 (BusinessDesk) - Spark New Zealand is to increase the price of its broadband and landline plans from the beginning of February following the Commerce Commission's decision to allow Chorus to raise the cost of access to its copper wire network. More >>
France's Transdev adds Wellington Metro rail contract
Thursday, 17 December 2015, 2:36 pm | BusinessDesk
Dec. 17 (BusinessDesk) - Transdev SA has been named as preferred operator for Wellington's metro rail service, adding to its Auckland contract and beating state-owned KiwiRail to a 15-year contract that generated $54 million in sales in 2015. More >>
Chorus credit rating on notice for upgrade on copper pricing
Thursday, 17 December 2015, 1:48 pm | BusinessDesk
Dec. 17 (BusinessDesk) - Chorus's credit profile will get a closer look by global ratings agency Moody's Investors Service with a view to raising it after the market deemed it a winner from the Commerce Commission's final decision setting the network ... More >>
UPDATE: Tourism props up sagging NZ economy in third quarter
Thursday, 17 December 2015, 1:10 pm | BusinessDesk
Dec. 17 (BusinessDesk) - An influx of big-spending tourists helped revive New Zealand's economic activity in the third quarter of the year, making up for subdued household consumption and a moribund primary sector through the middle of the year. More >>
Pacific Hydro purchase shows value of Aussie renewables
Thursday, 17 December 2015, 11:28 am | BusinessDesk
Dec. 17 (BusinessDesk) - State Power Investment Corp of China's purchase of Australia's Pacific Hydro, reportedly for more than A$3 billion including debt, underlines the value of that country's renewable energy assets, says Marko Bogoievski, chief executive ... More >>
Solution Dynamics lifts profit forecast; stock at record
Thursday, 17 December 2015, 11:16 am | BusinessDesk
Dec. 17 (BusinessDesk) - Solution Dynamics, the NZAX-listed software company, raised its forecast for annual profit following better-than-expected trading. Its shares jumped to a record. More >>
NZ economy grows faster-than-expected 0.9% in third quarter
Thursday, 17 December 2015, 11:00 am | BusinessDesk
NZ economy grows faster-than-expected 0.9% in third quarter on manufacturing, tourist spending More >>
Electronic 'nose' scientist wins grant
Thursday, 17 December 2015, 10:56 am | BusinessDesk
Dec. 17 (BusinessDesk) - The first grant under a new fund to help scientists turn their clever ideas into commercial realities has been awarded to the developer of a "biological electronic nose." More >>
Restaurant Brands boosts Q3 sales 9.4% as KFC, Carl's Jnr up
Thursday, 17 December 2015, 10:21 am | BusinessDesk
Restaurant Brands boosts Q3 sales 9.4% as KFC, Carl's Jnr up By Tina Morrison More >>
Restaurant Brands boosts Q3 sales 9.4% as KFC, Carl's Jnr up
Thursday, 17 December 2015, 10:21 am | BusinessDesk
Restaurant Brands boosts Q3 sales 9.4% as KFC, Carl's Jnr up By Tina Morrison More >>
Regulator takes 13 realtors to court over price fixing
Thursday, 17 December 2015, 10:17 am | BusinessDesk
Dec. 17 (BusinessDesk) - Thirteen New Zealand real estate firms colluded in agreeing to pass on increased Trade Me Group fees for property listings as part of a response to the auction site's increasing dominance in the market, the Commerce Commission ... More >>
While you were sleeping: Markets edge higher
Thursday, 17 December 2015, 7:11 am | BusinessDesk
Dec. 17 (BusinessDesk) - Wall Street moved higher, though pared some of its earlier gains because oil slid, as investors anticipated a decision by US Federal Reserve policy makers to increase their target interest rate for the first time in nearly ... More >>
MARKET CLOSE: NZ shares rise on bets Fed won't rush to hike
Wednesday, 16 December 2015, 5:42 pm | BusinessDesk
MARKET CLOSE: NZ shares rise on bets Fed won't rush to hike; A2, Spark gain, Chorus falls More >>
Rubicon's Arborgen to appeal US$53M employment court ruling
Wednesday, 16 December 2015, 5:29 pm | BusinessDesk
Dec. 16 (BusinessDesk) - Rubicon, the NZX-listed forestry biotech company, says it will vigorously appeal a US$53 million ruling in favour of nine former employees of its part-owned seedling company ArborGen. More >>
NZ dollar slips in lead up to Fed interest policy review
Wednesday, 16 December 2015, 5:15 pm | BusinessDesk
Dec. 16 (BusinessDesk) - The New Zealand dollar fell in the lead-up to the Federal Reserve's policy meeting which is expected to deliver its first interest rate rise in almost a decade. More >>
Sanford calls for greater industry collaboration
Wednesday, 16 December 2015, 5:10 pm | BusinessDesk
Dec. 16 (BusinessDesk) - Sanford, New Zealand’s biggest seafood company, is seeking further collaboration with other fishing industry players to help reduce their cost of business. More >>
