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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 76]
NZ dollar falls against Aussie after strong Oz jobs data
Thursday, 18 April 2019, 8:17 pm | BusinessDesk
April 18 (BusinessDesk) - The New Zealand dollar was little changed against most currencies but fell against the Australian dollar and the yen after figures showing stronger than expected jobs creation in March. More >>
Helen Clark, Don McKinnon front NZ chapter of US think-tank
Thursday, 18 April 2019, 8:06 pm | BusinessDesk
April 18 (BusinessDesk) - Former Prime Minister Helen Clark and former Secretary-General for the Commonwealth, Sir Don McKinnon, are throwing their political capital and global profile behind the establishment of the New Zealand chapter of a respected ... More >>
Fuji Xerox auditor keeps name suppression
Thursday, 18 April 2019, 8:05 pm | BusinessDesk
April 18 (BusinessDesk) - The names of the auditors of Fuji Xerox’s New Zealand subsidiary remain suppressed after an appeal hearing against a decision by an accountants’ disciplinary tribunal. More >>
UPDATE: Mercury, Genesis signal weaker earnings
Thursday, 18 April 2019, 5:48 pm | BusinessDesk
UPDATE: Mercury, Genesis signal weaker earnings on low lake levels, gas shortage More >>
UPDATE: TIL Logistics director Kern steps down and sells out
Thursday, 18 April 2019, 5:38 pm | BusinessDesk
April 18 (BusinessDesk) - TIL Logistics director Greg Kern has resigned from the board effectively immediately and sold his remaining 5.2 percent stake. More >>
ComCom to eye fuel profits by region, activity
Thursday, 18 April 2019, 4:34 pm | BusinessDesk
April 18 (BusinessDesk) - The Commerce Commission says its assessment of competition in the retail fuel industry will include whether some geographies or parts of the business are more profitable than others. More >>
TIL Logistics in trading halt pending announcement
Thursday, 18 April 2019, 3:32 pm | BusinessDesk
April 18 (BusinessDesk) - Trading in TIL Logistics has been halted pending an announcement after the stock dropped 6.5 percent this morning on unusually big volumes. More >>
Turners drops Buy Right Cars moniker in brand strategy
Thursday, 18 April 2019, 2:31 pm | BusinessDesk
April 18 (BusinessDesk) - Turners Automotive has adopted a single-brand strategy for its used car network and will rebrand its Buy Right Cars in an effort to cut marketing costs and latch on to Turners Cars' high level of national recognition. More >>
UPDATE: Tourism Holdings falls 24% after lowering guidance
Thursday, 18 April 2019, 1:23 pm | BusinessDesk
April 18 (BusinessDesk) - Tourism Holdings shares fell 24 percent when trading opened after the company lowered its full-year earnings guidance by as much as 22 percent and said a decisive operation and capital review of its US operations is now under ... More >>
Tourism Holdings lowers FY profit guidance
Thursday, 18 April 2019, 12:48 pm | BusinessDesk
April 18 (BusinessDesk) - Tourism Holdings lowered its full-year earnings guidance by as much as 22 percent and said a decisive operation and capital review of its US operations is now under way. More >>
Fletcher unit blows whistle on attempted price-fixing
Thursday, 18 April 2019, 12:46 pm | BusinessDesk
April 18 (BusinessDesk) - The Commerce Commission has warned a Christchurch pipeline maintenance firm over attempted price-fixing after a Fletcher Building unit blew the whistle on two former staffers who shared pricing with a rival. More >>
Mercury, Genesis signal weaker earnings on low lakes
Thursday, 18 April 2019, 12:41 pm | BusinessDesk
April 18 (BusinessDesk) - On-going dry weather on the North Island has prompted Mercury NZ and Genesis Energy to lower their full-year operating earnings forecasts. More >>
Wrightson gets OIO approval to sell seeds unit
Thursday, 18 April 2019, 12:37 pm | BusinessDesk
April 18 (BusinessDesk) - PGG Wrightson has cleared the final hurdle to sell its seeds division to DLF Seeds for $434 million after securing Overseas Investment Office approval, but still hasn't figured out how much to return to shareholders. More >>
NZ dollar battered by weak domestic CPI
Thursday, 18 April 2019, 11:21 am | BusinessDesk
April 18 (BusinessDesk) - The New Zealand dollar remained weak despite better-than-expected Chinese data helping lift risk sentiment. More >>
Eat My Lunch plans $2m equity crowdfunding campaign
Thursday, 18 April 2019, 10:27 am | BusinessDesk
April 18 (BusinessDesk) - Eat My Lunch, the “buy one, gift one” social enterprise supplying lunches for school kids, is looking to raise $2 million through crowdfunding platform PledgeMe. More >>
Fitch says the major NZ banks may be facing weaker growth
Thursday, 18 April 2019, 10:07 am | BusinessDesk
April 18 (BusinessDesk) - Fitch Ratings says the major New Zealand banks may be facing weaker growth prospects due to rising borrowing rates and credit rationing as a result of the Reserve Bank’s proposals to near double the minimum amount of capital they ... More >>
Commission calls for submissions on the future of work
Thursday, 18 April 2019, 10:04 am | BusinessDesk
April 18 (BusinessDesk) - The Productivity Commission is calling for submissions to its study of the impact of technical change on the future of work. More >>
MARKET CLOSE: NZX50 knocking on 10,000
Wednesday, 17 April 2019, 8:57 pm | BusinessDesk
MARKET CLOSE: NZX50 knocking on 10,000; retirement stocks Metlifecare, Summerset rally on ditched CGT More >>
NZ dollar dives on weak CPI data
Wednesday, 17 April 2019, 8:56 pm | BusinessDesk
April 17 (BusinessDesk) - The New Zealand dollar was sharply lower but off its lows as positive economic data from China and euphoria over the government’s decision to can a capital gains tax helped cushion the impact of a weaker than expected inflation ... More >>
BusinessDesk welcomes Brian Gaynor as shareholder
Wednesday, 17 April 2019, 6:47 pm | BusinessDesk
Content Ltd, publisher of the BusinessDesk business and economic news service, is delighted to announce that Milford Asset Manager co- founder, Brian Gaynor, has become a shareholder in the company. More >>
