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 701]
AFT Pharmaceuticals considers IPO, listing on NZX and ASX
Tuesday, 17 November 2015, 4:01 pm | BusinessDesk
Nov. 17 (BusinessDesk) - AFT Pharmaceuticals, the Auckland-based pharmaceutical company, is considering a $49 million initial public offering along with listing on the NZX and ASX. More >>
NZ Post credit rating outlook revised to stable
Tuesday, 17 November 2015, 3:58 pm | BusinessDesk
Nov. 17 (BusinessDesk) - New Zealand Post, the state-owned mail and distribution service, had the outlook on its credit rating revised up to stable as the start of dividends from its Kiwibank unit and a series of asset sales shored up its balance ... More >>
NZ inflation expectations drift further below 2% mid-point
Tuesday, 17 November 2015, 3:53 pm | BusinessDesk
Nov. 17 (BusinessDesk) - Longer term inflation expectations weakened marginally in the latest Reserve Bank of New Zealand survey of expectations, with annual consumers price inflation expected to be 1.85 percent in two years' time, compared with an ... More >>
MBIE monopoly reform paper puts forward Opposition proposal
Tuesday, 17 November 2015, 1:55 pm | BusinessDesk
Nov. 17 (BusinessDesk) - A government paper into the abuse of monopoly power has thrown up an option aligning New Zealand with Australia's approach, which was previously shot down by the Crown 16 months ago in favour of reviewing the law. More >>
A2 Milk upgrades annual earnings forecast
Tuesday, 17 November 2015, 12:12 pm | BusinessDesk
Nov. 17 (BusinessDesk) - A2 Milk Co, which rejected a takeover from its cornerstone shareholder earlier this year, raised its forecast revenue and earnings for the current year as sales of infant formula across Australasia and in China track ahead of expectations. More >>
Tax agent charged with falsifying returns, pocketing funds
Tuesday, 17 November 2015, 11:40 am | BusinessDesk
Nov. 17 (BusinessDesk) - A former tax agent who allegedly falsified 250 GST and income tax returns in order to keep client money has been charged with 18 counts of fraud. More >>
Pushpay first-half loss widens as revenue more than triples
Tuesday, 17 November 2015, 11:14 am | BusinessDesk
Nov. 17 (BusinessDesk) - Pushpay Holdings, the mobile payments app developer, widened its first-half loss while revenue more than tripled, as the company ramped up spending on product development and sales in a bid to attract US churches to its system. More >>
Strong NZ market to boost Fletcher Building in FY16
Tuesday, 17 November 2015, 10:54 am | BusinessDesk
Nov. 17 (BusinessDesk) - Fletcher Building expects to boost annual earnings as strong market conditions in New Zealand offset more mixed conditions in Australia. More >>
Financial product sales and advice still not up to scratch
Tuesday, 17 November 2015, 10:41 am | BusinessDesk
Nov. 17 (BusinessDesk) - As few as three in a thousand people joining or switching KiwiSaver schemes are getting personalised advice when they do so, the Financial Markets Authority says in a new monitoring report that says finance sector sales ... More >>
Kathmandu CEO incentive scheme irks NZ Shareholders Assn
Tuesday, 17 November 2015, 9:47 am | BusinessDesk
Nov. 17 (BusinessDesk) - The New Zealand Shareholders Association is unhappy with an incentive scheme Kathmandu Holdings proposes for its new chief executive Xavier Simonet. More >>
Meridian's Powershop in licensing deal with UK npower
Tuesday, 17 November 2015, 9:22 am | BusinessDesk
Nov. 17 (BusinessDesk) - Meridian Energy subsidiary Powershop has entered a franchise licence agreement with UK-based electricity generator and supplier RWE npower. More >>
Augusta first-half earnings drop 26% on year-earlier gain
Tuesday, 17 November 2015, 9:16 am | BusinessDesk
Nov. 17 (BusinessDesk) - Augusta Capital reported a 26 percent decline in first-half earnings as a year-earlier gain from a syndication deal wasn't repeated and the listed property investor and fund manager predicted volatility in funds management returns. More >>
Advanced Security sees $100M business in automated drones
Tuesday, 17 November 2015, 8:56 am | BusinessDesk
Nov. 17 (BusinessDesk) - Advanced Security Group, which integrates electronic security systems, is planning to build a $100 million revenue company in the next five years with the launch of automated drone surveillance. More >>
NZ dollar dips below 65 US cts as investors seek safety
Tuesday, 17 November 2015, 8:42 am | BusinessDesk
Nov. 17 (BusinessDesk) - The New Zealand dollar fell below 65 US cents as investors spooked by terrorism attacks in Paris favour so-called safe haven assets. More >>
While you were sleeping: Stocks shrug off Paris assaults
Tuesday, 17 November 2015, 7:28 am | BusinessDesk
Nov. 17 (BusinessDesk) - Wall Street moved higher, following last week’s slide, as investors bet that the economic impact from the Islamic State-backed assaults in Paris will be limited. More >>
Customs agency dragging the chain on offshore GST: retailers
Monday, 16 November 2015, 6:02 pm | BusinessDesk
Nov. 16 (BusinessDesk) - The New Zealand Customs Service is dragging the chain on moves to collect goods and services tax on imports of physical goods in the same way as the sales tax will be levied on e-commerce transactions from October next ... More >>
MARKET CLOSE: NZ shares fall after Paris terror attacks
Monday, 16 November 2015, 5:56 pm | BusinessDesk
Nov. 16 (BusinessDesk) - New Zealand shares fell along with equity markets across Asia as the terror attacks in Paris sapped risk appetite among investors, weighing on risk-sensitive assets such as technology and commodity-linked companies. New Zealand ... More >>
NZ dollar little changed as traders assess US rate track
Monday, 16 November 2015, 5:09 pm | BusinessDesk
Nov. 16 (BusinessDesk) - The New Zealand dollar was little changed against the greenback as investors continue to weigh up whether the Federal Reserve will hike interest rates next month. More >>
UPDATE: Fonterra farmers cheer earnings upgrade
Monday, 16 November 2015, 4:16 pm | BusinessDesk
Nov. 16 (BusinessDesk) - Dairy farmers say Fonterra Cooperative Group, the world’s largest dairy exporter, is finally starting to deliver better business returns which are meant to counter low farmgate payouts when global dairy prices are low. More >>
Wellington Drive narrows 3Q loss as sales rise
Monday, 16 November 2015, 3:36 pm | BusinessDesk
Nov. 16 (BusinessDesk) - Wellington Drive Technologies narrowed its third-quarter loss after the unprofitable maker of energy-efficient motors lifted sales in Latin America and Asia, and benefitted from a weaker kiwi dollar. More >>
