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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 704]
NZ emerging agri-business leaders see value in NZ Inc brand
Thursday, 12 November 2015, 6:19 am | BusinessDesk
NZ's primary sector leaders of tomorrow still bank on brand Kiwi, want deeper debate on GMOs More >>
MARKET CLOSE: NZ shares rise, led by a2 milk, ANZ
Wednesday, 11 November 2015, 5:55 pm | BusinessDesk
Nov. 11 (BusinessDesk) - New Zealand shares rose, led by a2 Milk and a bounce-back for Australia & New Zealand Banking Group, while Air New Zealand and Vector dropped. More >>
Technology upgrades lead to spike in insurance fraud
Wednesday, 11 November 2015, 5:48 pm | BusinessDesk
Nov. 11 (BusinessDesk) - Insurance fraud spikes whenever a new technology upgrade, such as the release of a new iPhone, occurs, says Dave Ashton, head of the Insurance Council’s Insurance Claims Register. More >>
CORRECT: NZ guest nights rise to a record in September
Wednesday, 11 November 2015, 5:37 pm | BusinessDesk
Nov. 11 (BusinessDesk) - New Zealand accommodation providers benefited from the highest-ever guests stays in September, as record numbers of tourists travelled the country. More >>
NZ dollar gains ahead of Chinese data
Wednesday, 11 November 2015, 5:25 pm | BusinessDesk
Nov. 11 (BusinessDesk) - The New Zealand dollar gained ahead of Chinese data that will give provide an update on the strength of the world's second-biggest economy, while investors weigh the implications of an interest rate cut in December, when ... More >>
McClay seeks to water down 130-year-old tax secrecy rules
Wednesday, 11 November 2015, 4:19 pm | BusinessDesk
Nov. 11 (BusinessDesk) - Revenue Minister Todd McClay is seeking feedback on plans to water down New Zealand's 130-year-old tax secrecy provisions as part of a tax administration law review that would give government agencies more access to tax ... More >>
NZ guest nights rise to a record in September
Wednesday, 11 November 2015, 4:09 pm | BusinessDesk
Nov. 11 (BusinessDesk) - New Zealand accommodation providers benefited from the highest-ever guests stays in September, as record numbers of tourists travelled the country. More >>
Airwork forecasts 30% gain in full-year profit
Wednesday, 11 November 2015, 3:24 pm | BusinessDesk
Airwork forecasts 30% gain in full-year profit on strong 1Q performance from planes, choppers More >>
IRD transformation project to come in under budget
Wednesday, 11 November 2015, 2:50 pm | BusinessDesk
Nov. 11 (BusinessDesk) - The Inland Revenue Department's new tax service software serving as the backbone to overhaul the tax department's ageing information technology infrastructure and update its processes to be more customer focused has brought the ... More >>
RBNZ's Wheeler says rate hike risk 'negligible'
Wednesday, 11 November 2015, 2:21 pm | BusinessDesk
RBNZ's Wheeler says interest rate hike to calm Auckland housing market 'pretty negligible' in short term More >>
Comcom to focus on truck shops, lenders in coming year
Wednesday, 11 November 2015, 1:22 pm | BusinessDesk
Nov. 11 (BusinessDesk) - Mobile truck shops, payday lenders and peer-to-peer lenders will be a focus for investigation in the consumer area by the Commerce Commission in the next year. More >>
Qantas, American Airlines gain approval for new route
Wednesday, 11 November 2015, 1:13 pm | BusinessDesk
Nov. 11 (BusinessDesk) - Qantas Airways and American Airlines, members of the oneworld airline alliance, have gained approval for a tie-up operating between Auckland and Los Angeles, competing with Star Alliance members Air New Zealand and United Airlines ... More >>
Southern Response says Crown support will cover liabilities
Wednesday, 11 November 2015, 1:06 pm | BusinessDesk
Nov. 11 (BusinessDesk) - Southern Response Earthquake Services, the Crown entity established to house AMI Insurance's earthquake liabilities, says existing Crown support of up to $1 billion will be enough to cover its current liabilities, and ... More >>
Infratil says capital retention 'optimal', eyeing investment
Wednesday, 11 November 2015, 12:28 pm | BusinessDesk
Nov. 11 (BusinessDesk) - Infrastructure investor Infratil says capital retention is "optimal" at present as it eyes investment opportunities mainly in the renewable energy and retirement home sectors, chief executive Marko Bogoievski told ... More >>
Goodman Property interim profit falls on year-earlier gains
Wednesday, 11 November 2015, 11:39 am | BusinessDesk
Nov. 11 (BusinessDesk) - Goodman Property Trust, New Zealand's largest listed property investor, posted a 20 percent drop in first-half profit, after the year-earlier period was boosted by a revaluation gain on its portfolio. More >>
Cash-rich Infratil sees Pac Hydro sale completed in December
Wednesday, 11 November 2015, 11:28 am | BusinessDesk
Nov. 11 (BusinessDesk) - Infratil, which has built its cash reserves up to $755 million since profiting from the sale of Z Energy, expects the sale of potential acquisition target Pacific Hydro to be completed in December. More >>
Infratil first-half earnings rise
Wednesday, 11 November 2015, 9:59 am | BusinessDesk
Nov. 11 (BusinessDesk) - Infratil, the investment company managed by Wellington-based investment bank Morrison & Co, posted a 14 percent gain in first-half pretax earnings and affirmed its guidance for full-year growth of as much as 17 percent. More >>
RBNZ asks banks to stress test dairy loans
Wednesday, 11 November 2015, 9:23 am | BusinessDesk
Nov. 11 (BusinessDesk) - New Zealand's major lenders are able to cope with a protracted downturn in the dairy sector, which the Reserve Bank estimates could cause credit losses of as much as 18 percent over a four-year period. More >>
Blis Technologies names Fonterra's Brian Watson as CEO
Wednesday, 11 November 2015, 9:19 am | BusinessDesk
Nov. 11 (BusinessDesk) - Blis Technologies named Fonterra Cooperative Group manager Brian Watson as its new chief executive, replacing Barry Richardson, who will leave at the end of the current financial year after nine years in charge of the probiotics ... More >>
NZ financial system sound as risks grow: RBNZ
Wednesday, 11 November 2015, 9:05 am | BusinessDesk
Nov. 11 (BusinessDesk) - New Zealand's banking system remains in good health, even as a heavily indebted dairy sector and continued heat in the Auckland property market pose greater risks to the nation's lenders, according to the Reserve Bank's six-monthly ... More >>
