Scoop has an Ethical Paywall
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 692]
Tenon expects short-term impact from a US interest rate hike
Thursday, 3 December 2015, 11:19 am | BusinessDesk
Tenon says expected US interest rate hike will have short-term impact on housing activity More >>
Ak house prices accelerate in November while volumes drop
Thursday, 3 December 2015, 10:53 am | BusinessDesk
Dec. 3 (BusinessDesk) - Auckland house price growth accelerated in November, although the volume of sales declined, according to the city's largest realtor. More >>
Copyright law relook likely after creative sector review
Thursday, 3 December 2015, 9:52 am | BusinessDesk
Dec. 3 (BusinessDesk) - Commerce Minister Paul Goldsmith expects the government will relook at its 21-year-old Copyright Act once it has wrapped up a review of the creative sector, slated for the end of next year. More >>
Chatham Rock rejects size of EPA's hearing costs
Thursday, 3 December 2015, 9:26 am | BusinessDesk
Dec. 3 (BusinessDesk) - Chatham Rock Phosphate, which was turned down for a consent for seabed mining, has rejected the size of the Environmental Protection Authority's bill over the marine consent hearing, and plans to file a judicial review of the ... More >>
While you were sleeping: Yellen cements hike bets
Thursday, 3 December 2015, 7:35 am | BusinessDesk
Dec. 3 (BusinessDesk) - US stocks and bonds were lower after Federal Reserve Chair Janet Yellen cemented expectations the central bank is gearing up to lift its target interest rate for the first time since 2009 at a meeting later this month. More >>
MARKET CLOSE: NZ shares fall, led by Spark
Wednesday, 2 December 2015, 5:57 pm | BusinessDesk
Dec. 2 (BusinessDesk) - New Zealand shares fell as some investors looked to crystallise gains after the benchmark index hit a record high yesterday. Spark New Zealand, Freightways and SkyCity Entertainment Group were among the biggest decliners. More >>
Rangatira 1H earnings rise 11%, sees up to 30% for FY
Wednesday, 2 December 2015, 5:42 pm | BusinessDesk
Dec. 2 (BusinessDesk) - Rangatira, the diversified investor with stakes in smallgoods maker Hellers Butcher, Tuatara Brewery and the Rainbow's End theme park, posted an 11 percent gain in first-half operating earnings and said it is heading for a full-year ... More >>
Directors need to guide, not govern, says Rob Campbell
Wednesday, 2 December 2015, 5:10 pm | BusinessDesk
Dec. 2 (BusinessDesk) - Professional director Rob Campbell says governance should be "banished from directors' vocabularies" and that boards need to become more hands-on and work more closely with company management. More >>
NZ dollar gains as US interest rate track weighed
Wednesday, 2 December 2015, 5:09 pm | BusinessDesk
Dec. 2 (BusinessDesk) - The New Zealand dollar gained as investors try to gauge the potential pace of US interest rates hikes, ahead of speeches by Federal Reserve chair Janet Yellen. More >>
Departing Smartpay chair Hammerschlag keeps shares, options
Wednesday, 2 December 2015, 4:29 pm | BusinessDesk
Dec. 2 (BusinessDesk) - Ivan Hammerschlag, who stood down as chairman of Smartpay yesterday, will keep his shareholding in the listed payment terminal supplier and his entitlement to stock options that would more than double his stake. More >>
Goldsmith puts competition, adviser law at top of 2016 list
Wednesday, 2 December 2015, 4:20 pm | BusinessDesk
Dec. 2 (BusinessDesk) - Commerce Minister Paul Goldsmith says reviews covering competition and financial adviser law are his top priority for the coming year. More >>
Fonterra Australia to build $141M cheese plant after fire
Wednesday, 2 December 2015, 2:48 pm | BusinessDesk
Dec. 2 (BusinessDesk) - Fonterra Cooperative Group's Australian unit will invest $141 million in building a new cheese plant at its Stanhope factory in Victoria after its former one was destroyed by fire a year ago. More >>
IRD eyes hybrid instruments, related party debt
Wednesday, 2 December 2015, 1:57 pm | BusinessDesk
Dec. 2 (BusinessDesk) - The Inland Revenue Department is looking at the tax treatment of hybrid debt and equity instruments and the use of related party loans funding local subsidiaries as part of a global clamp-down on tax avoidance. More >>
RESEND: Kiwi business philanthropy small on cash
Wednesday, 2 December 2015, 1:54 pm | BusinessDesk
RESEND: Kiwi business philanthropy small on cash, big on in-kind goods and services, sponsorship More >>
Fonterra not seen meeting payout forecast despite GDT rise
Wednesday, 2 December 2015, 1:27 pm | BusinessDesk
Dec. 2 (BusinessDesk) - Most forecasts for Fonterra Cooperative Group's payout to New Zealand farmers this season remain below the company's estimate even after prices advanced at the GlobalDairyTrade auction overnight, suggesting analysts expect a ... More >>
Fletcher Building-run programme delivered value for money
Wednesday, 2 December 2015, 1:21 pm | BusinessDesk
Dec. 2 (BusinessDesk) - The Fletcher Building-managed home repair programme in Christchurch has delivered value for money in a project with no international comparisons, with work done cheaper than the cost of building new houses, the Earthquake Commission ... More >>
NZ business less likely to hand over cash for philanthropy
Wednesday, 2 December 2015, 12:03 pm | BusinessDesk
Dec. 2 (BusinessDesk) - New Zealand businesses have become less giving in handing out cash in the past three years, with many corporates preferring to allow employees to volunteer time or to provide sponsorship, according to research from Philanthropy ... More >>
Unlisted wins Zespri share trading from ShareMart
Wednesday, 2 December 2015, 10:03 am | BusinessDesk
Dec. 2 (BusinessDesk) - Zespri International, the global marketer of New Zealand kiwifruit that's owned by about 3,000 current and former growers, is moving its share trading platform to the Unlisted market. More >>
Housing NZ boss Glen Sowry quits to head Metlifecare
Wednesday, 2 December 2015, 8:57 am | BusinessDesk
Dec. 2 (BusinessDesk) - The head of the government agency at the centre of the government's social housing policy, Housing New Zealand's Glenn Sowry, is quitting to become chief executive of Metlifecare, the retirement village operator that counts the New Zealand ... More >>
Housing NZ boss Glen Sowry quits to head Metlifecare
Wednesday, 2 December 2015, 8:57 am | BusinessDesk
Dec. 2 (BusinessDesk) - The head of the government agency at the centre of the government's social housing policy, Housing New Zealand's Glenn Sowry, is quitting to become chief executive of Metlifecare, the retirement village operator that counts the New Zealand ... More >>
