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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 716]
Port of Tauranga says earnings growth may stall in 2016
Thursday, 22 October 2015, 4:14 pm | BusinessDesk
Port of Tauranga says earnings growth may stall in 2016 on weaker log volumes, dairy impact More >>
Auckland Airport a 'conductor' for New Zealand tourism: CEO
Thursday, 22 October 2015, 3:27 pm | BusinessDesk
Oct. 22 (BusinessDesk) - Auckland International Airport chief executive Adrian Littlewood said the big change in the company under his three-year tenure has been moving beyond simply being an infrastructure developer and operator to being an active leader in ... More >>
Shipping rates 'unsustainably low' as Kotahi mops up cargo
Thursday, 22 October 2015, 2:53 pm | BusinessDesk
Shipping rates 'unsustainably low' as Kotahi, other supply-chain deals mop up cargo, South Port says More >>
Auckland Airport raises capex forecast by as much as 27%
Thursday, 22 October 2015, 2:30 pm | BusinessDesk
Oct. 22 (BusinessDesk) - Auckland International Airport expects capital expenditure to be as much as 27 percent more than earlier guidance, in what will be its biggest annual spend in over a decade, as it experiences strong growth, especially in tourism ... More >>
Pyne Gould says Torchlight ruling not material
Thursday, 22 October 2015, 2:00 pm | BusinessDesk
Oct. 22 (BusinessDesk) - Pyne Gould Corp, the financial service firm controlled by managing director George Kerr, says there is likely to be no or little material impact on its books from the recent High Court ruling over a late debt repayment by its ... More >>
Unlisted sees renewed interest in market
Thursday, 22 October 2015, 1:56 pm | BusinessDesk
Oct. 22 (BusinessDesk) - Unlisted, the share trading platform, is seeing renewed interest in its service after Commerce Minister Paul Goldsmith decided in August to grant it an exemption from the licensing requirements of the Financial Markets ... More >>
Employment Court wrong on public holidays, smelter says
Thursday, 22 October 2015, 12:43 pm | BusinessDesk
Oct. 22 (BusinessDesk) - New Zealand Aluminium Smelters and its workers have returned to court in their long-running dispute over how holidays are calculated and recognised. More >>
Crown Fibre's mandate extend to rural broadband, black spots
Thursday, 22 October 2015, 12:09 pm | BusinessDesk
Oct. 22 (BusinessDesk) - Crown Fibre Holdings, the government entity tasked with overseeing the taxpayer-sponsored fibre network build, will have its mandate extended to cover rural connectivity, which Communications Minister Amy Adams wants delivered ... More >>
NZ Refining ekes out extra margin from recent upgrades
Thursday, 22 October 2015, 10:38 am | BusinessDesk
Oct. 22 (BusinessDesk) - New Zealand Refining, operator of the country's only oil refinery, added an extra US cent to its margins from recent upgrades, and anticipates further gains from a bigger project to be completed next month. More >>
Auckland Airport raises capex forecast to meet future growth
Thursday, 22 October 2015, 10:29 am | BusinessDesk
Oct. 22 (BusinessDesk) - Auckland International Airport, the country's biggest gateway, raised its forecast for annual capital expenditure to enable it to better cater for future growth. More >>
NZ Treasury to study policy advice after papers miss target
Thursday, 22 October 2015, 9:18 am | BusinessDesk
Oct. 22 (BusinessDesk) - The Treasury will put its policy advice under the microscope to figure out if it has a "systemic" problem after missing its technical performance target, and will revisit regulatory impact statements which were well ... More >>
SFO investigates large-scale mortgage fraud in Auckland
Thursday, 22 October 2015, 9:03 am | BusinessDesk
Oct. 22 (BusinessDesk) - New Zealand's Serious Fraud Office is investigating large-scale mortgage fraud in the Auckland property market involving developers, company directors, property valuers and lawyers. More >>
Fitch follows suit in cutting Fonterra credit rating
Thursday, 22 October 2015, 9:00 am | BusinessDesk
Oct. 22 (BusinessDesk) - Fonterra Cooperative Group's long-term credit rating has been cut by Fitch Ratings, the second global rating agency to do so in as many weeks, as falling dairy prices and a volatile market stretch the dairy exporter's balance ... More >>
New Zealand dollar slips as commodity currencies lose favour
Thursday, 22 October 2015, 8:41 am | BusinessDesk
Oct. 22 (BusinessDesk) - The New Zealand dollar declined as commodity-linked currencies fell out of favour on concerns about global growth after oil prices dropped. More >>
While you were sleeping: Wall St flat, results mixed
Thursday, 22 October 2015, 7:46 am | BusinessDesk
Oct. 22 (BusinessDesk) - Wall Street fluctuated as biotech stocks declined amid accusations of fraud at Valeant Pharmaceuticals, while the latest US earnings offered disappointments such as Yahoo and Chipotle Mexican Grill and stellar surprises such as General Motors. More >>
MARKET CLOSE: NZ shares rise; Meridian, Fletcher, F&P gain
Wednesday, 21 October 2015, 5:36 pm | BusinessDesk
MARKET CLOSE: NZ shares rise; Meridian, Fletcher, F&P gain, Sky TV sinks on guidance More >>
NZ dollar sinks to 5-day low, may extend slide
Wednesday, 21 October 2015, 5:23 pm | BusinessDesk
NZ dollar sinks to 5-day low, may extend slide after drop in dairy prices More >>
Contact Energy nabs Xero's Victoria Crone, in board refresh
Wednesday, 21 October 2015, 4:29 pm | BusinessDesk
Oct. 21 (BusinessDesk) - Contact Energy has appointed Victoria Crone, managing director of accounting software firm Xero, as a director as the power company continues to refresh its board following the selldown by former majority shareholder Origin Energy ... More >>
Sky TV warns of 2016 profit fall on new service investment
Wednesday, 21 October 2015, 4:09 pm | BusinessDesk
Oct. 21 (BusinessDesk) - Sky TV has warned shareholders today of a forecast drop in net profit of between $14 million and $16 million for the 2016 year due to higher costs rolling out new services and increased programming costs, including for the ... More >>
Soil compaction affecting 75% of dairying lands in NZ
Wednesday, 21 October 2015, 3:53 pm | BusinessDesk
Oct. 21 (BusinessDesk) - The government's new national environmental reporting regime has kicked off with a benchmark report covering known data for five key areas, with highlighted findings including declining freshwater quality through intensively used ... More >>
