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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 717]
Property deals lead M&A activity in financial sector in 2015
Wednesday, 21 October 2015, 3:04 pm | BusinessDesk
Oct. 21 (BusinessDesk) - Large property and real estate deals have led merger and acquisition, and private placement activity in New Zealand's financial sector for a second year. More >>
Sky TV sees 2016 profit falling as much as 11%
Wednesday, 21 October 2015, 1:57 pm | BusinessDesk
Oct. 21 (BusinessDesk) - Sky Network Television, New Zealand's dominant pay TV provider, expects profit will fall as much as 11 percent in the 2016 financial year, with largely flat revenue and increased capital expenditure. More >>
RAM staff knew 'all was not well' with Ross in early 2012
Wednesday, 21 October 2015, 1:25 pm | BusinessDesk
RAM staff knew 'all was not well' with Ross as far back as early 2012 More >>
A2 Milk cornerstone shareholder Freedom Foods reduces stake
Wednesday, 21 October 2015, 1:17 pm | BusinessDesk
Oct. 21 (BusinessDesk) - A2 Milk Company's largest shareholder, Freedom Foods Group, has reduced its stake in the milk marketing company after its punt at a takeover was rejected. More >>
Let government intervene on housing land: Prod-Com
Wednesday, 21 October 2015, 1:10 pm | BusinessDesk
Oct. 21 (BusinessDesk) - The government should be allowed to force local authorities to release land for urban development in the face of rampant house-price inflation and current land allocation policies cause "a number of harmful social effects", ... More >>
Transport Minister says measures for EVs out by year's end
Wednesday, 21 October 2015, 11:47 am | BusinessDesk
Oct. 21 (BusinessDesk) - Transport Minister Simon Bridges says his officials are working with local government and key business leaders on a package of measures to support the uptake of electric vehicles which should be announced by the end of the ... More >>
Net migration at record high as kiwis come home, fewer go
Wednesday, 21 October 2015, 11:38 am | BusinessDesk
Oct. 21 (BusinessDesk) - New Zealand had a record net gain in migrants of 61,200 in the September year, driven mainly by both more kiwis coming home and fewer leaving for Australia. More >>
Tenon doubles 1Q earnings, on track to meet US$30M for FY
Wednesday, 21 October 2015, 9:20 am | BusinessDesk
Oct. 21 (BusinessDesk) - Tenon, which sells wood mouldings in the US, says underlying earnings doubled in the first quarter and are on track to meet its US$20 million target for the full year. More >>
Snakk Media posts positive quarterly earnings as sales rise
Wednesday, 21 October 2015, 8:58 am | BusinessDesk
Oct. 21 (BusinessDesk) - Snakk Media, which aggregates publishers’ ad space on mobile devices and matches it to advertisers’ demand, posted its maiden quarterly earnings result as sales rose 13 percent. More >>
NZ dollar falls after dairy product prices decline at GDT
Wednesday, 21 October 2015, 8:34 am | BusinessDesk
Oct. 21 (BusinessDesk) - The New Zealand dollar fell after dairy product prices declined 3.1 percent at the GlobalDairyTrade auction overnight, snapping four gains for the country's largest commodity export. More >>
While you were sleeping: IBM, Tesla plunge
Wednesday, 21 October 2015, 7:42 am | BusinessDesk
Oct. 21 (BusinessDesk) - Wall Street slipped as a drop in shares of IBM on disappointing earnings outweighed those that beat expectations such as United Technologies and Travelers. More >>
Dairy product prices dip for first time in five auctions
Wednesday, 21 October 2015, 6:27 am | BusinessDesk
Oct. 21 (BusinessDesk) - Dairy product prices slipped in the latest GlobalDairyTrade auction, declining for the first time in five auctions, tempering expectations about the outlook. More >>
Sales assistant is most common job for women in NZ: study
Tuesday, 20 October 2015, 6:15 pm | BusinessDesk
Sales assistant is most common job for women in NZ, general manager is top job for men More >>
MARKET CLOSE: NZ shares rise, led by Diligent Corp
Tuesday, 20 October 2015, 5:39 pm | BusinessDesk
Oct. 20 (BusinessDesk) - New Zealand shares rose, led by Diligent Corp after it announced an acquisition. MightyRiverPower, Freightways, Spark New Zealand gained on upbeat sentiment for New Zealand equities and the wider economy. More >>
BusinessNZ says equal pay must not be 'token'
Tuesday, 20 October 2015, 5:35 pm | BusinessDesk
Oct. 20 (BusinessDesk) - The government's planned working group to deal with claims of unfair pay based on gender, must reflect "economic reality" rather than a "token approach to women's employment" says lobby group Business New ... More >>
NZ dollar little changed ahead of dairy auction
Tuesday, 20 October 2015, 5:06 pm | BusinessDesk
Oct. 20 (BusinessDesk) - The New Zealand dollar was little changed in local trading ahead of the GlobalDairyTrade auction, which is expected to show the rebound in dairy prices has run out of steam for now. More >>
Cheaper borrowing costs spur NZ corporate bond sales
Tuesday, 20 October 2015, 4:26 pm | BusinessDesk
Oct. 20 (BusinessDesk) - New Zealand's relatively cheap local borrowing costs are spurring companies to raise cash by selling bonds, according to fund manager AMP Capital Investors (New Zealand). More >>
Forest & Bird seeks court review of DOC decision
Tuesday, 20 October 2015, 4:22 pm | BusinessDesk
Forest & Bird seeks court review of DOC decision to cede part of Ruahine Forest Park for irrigation scheme More >>
Livestock Improvement forecasts drop in 2016 earnings
Tuesday, 20 October 2015, 3:35 pm | BusinessDesk
Oct. 20 (BusinessDesk) - Livestock Improvement Corp, a farmer cooperative that sells bull semen and manages a dairy genetics database, said it expects a drop in 2016 earnings as farmers reduce spending in the face of a lower milk payout. More >>
Leaving agriculture out of climate deal justified: scientist
Tuesday, 20 October 2015, 3:31 pm | BusinessDesk
Oct. 20 (BusinessDesk) - Global efforts to combat climate change should focus first on eradicating carbon dioxide emissions, while less action on agricultural greenhouse gases is justified in the short term, a New Zealand climate change scientist says. More >>
