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 763]
Auckland port seeks right to go up, if not out
Friday, 7 August 2015, 4:38 pm | BusinessDesk
Auckland port seeks right to go up, if not out By Pattrick Smellie Aug. 7 (BusinessDesk) - Thwarted in its attempt to push its wharves into Auckland harbour, the community-owned Ports of Auckland company is seeking to add another three metres to the height of ... More >>
Fonterra slashes forecast milk price payout to $3.85/kgMS
Friday, 7 August 2015, 3:39 pm | BusinessDesk
Aug. 7 (BusinessDesk) - Fonterra Cooperative Group, the world’s largest dairy exporter, has slashed its farmgate milk price for the 2015/2016 season by $1.40 to $3.85 per kilogram of milk solids after being surprised by the persistent global imbalance ... More >>
NZ wool prices little changed amid limited supply
Friday, 7 August 2015, 2:20 pm | BusinessDesk
Aug. 7 (BusinessDesk) - New Zealand wool prices were little changed at the latest auction, with prices underpinned by limited supply, strong demand and a lower currency. More >>
Smiths City to sell, lease back Columbo St site
Friday, 7 August 2015, 12:01 pm | BusinessDesk
Smiths City to sell Colombo St property for $20 mln in sale and leaseback arrangement More >>
Virgin Australia lifts Tasman flights, sees profit in 2016
Friday, 7 August 2015, 11:43 am | BusinessDesk
Aug. 7 (BusinessDesk) - Virgin Australia Group, Australia’s second-largest airline, says it will increase flights to New Zealand from October and has signalled a return to profitability in the next financial year. More >>
ERoad 1st-qtr trading meets expectations, US growth slower
Friday, 7 August 2015, 10:46 am | BusinessDesk
Aug. 7 (BusinessDesk) - ERoad, the electronic road user charges and transport services company, said first-quarter trading is in line with expectations, although its North American beachhead in Oregon is behind schedule as the firm starts expanding into ... More >>
Regulator fast-tracks one-off cost of network capital rules
Friday, 7 August 2015, 9:07 am | BusinessDesk
Aug. 7 (BusinessDesk) - The Commerce Commission will fast-track its decisions on new rules covering one-off "customised price-quality paths" (CPPs) for monopoly electricity and gas networks, with cost of capital considerations a main ... More >>
NZ dollar gains vs. pound on dovish Bank of England
Friday, 7 August 2015, 8:30 am | BusinessDesk
Aug. 7 (BusinessDesk) - The New Zealand dollar gained against the pound after minutes of the last Bank of England meeting showed its board is more dovish than expected and sees a tamer track for inflation. More >>
While you were sleeping: Media stocks take beating
Friday, 7 August 2015, 7:50 am | BusinessDesk
Aug. 7 (BusinessDesk) - Wall Street moved lower amid a slump in media stocks including Viacom on disappointing earnings and concern about their profit outlook. More >>
MARKET CLOSE: NZ shares fall as trading dominated by Contact
Thursday, 6 August 2015, 5:44 pm | BusinessDesk
Aug. 6 (BusinessDesk) - New Zealand shares fell, with trading again dominated by Contact Energy, the biggest gainer on the day. MightyRiverPower, Genesis Energy and Westpac Banking Corp led the decline. Kathmandu Holdings gained after rejecting a ... More >>
High Court rules no damages proven in accounting legal spat
Thursday, 6 August 2015, 5:12 pm | BusinessDesk
Aug. 6 (BusinessDesk) - A legal spat between two New Zealand accountancy groups has ended with the High Court ruling that some of the NZ Institute of Chartered Accountant's advertisements breached the Fair Trading Act but no damages could be proven and it ... More >>
NZ dollar gains vs. Australian dollar as unemployment rises
Thursday, 6 August 2015, 5:08 pm | BusinessDesk
Aug. 6 (BusinessDesk) - The New Zealand dollar gained against its trans-Tasman counterpart after Australia's unemployment rate unexpectedly rose, matching a 13-year high on a swelling labour force. More >>
Duke scoffs at Kathmandu's projections as takeover rejected
Thursday, 6 August 2015, 4:31 pm | BusinessDesk
Aug. 6 (BusinessDesk) - Rod Duke says Kathmandu may struggle to achieve the rebound in earnings it has projected for 2016 as part of its argument for rejecting his takeover offer as too low. More >>
Vista signs deal to sell cinema management software in Japan
Thursday, 6 August 2015, 4:30 pm | BusinessDesk
Aug. 6 (BusinessDesk) - Vista Entertainment Solutions, a subsidiary of NZX-listed Vista Group International, has signed a distribution agreement with software services provider Vinx Corp to sell its cinema management software in the Japanese market ... More >>
Geoff Dangerfield resigns as head of NZTA
Thursday, 6 August 2015, 3:47 pm | BusinessDesk
Aug. 6 (BusinessDesk) - One of New Zealand's most experienced public servants, Geoff Dangerfield, has resigned as head of the New Zealand Transport Agency, which he has headed since its creation from a merger of Transit NZ and Land Transport NZ in 2008. More >>
ANZ Bank to raise A$3 bln in placement, share purchase plan
Thursday, 6 August 2015, 12:03 pm | BusinessDesk
ANZ Bank to raise A$3 bln in placement, share purchase plan to meet regulatory requirements More >>
Downer lifts NZ, Pacific revenue 10% as projects ramp up
Thursday, 6 August 2015, 11:17 am | BusinessDesk
Aug. 6 (BusinessDesk) - Downer EDI, the Australian-based infrastructure and mining firm, lifted revenue 10 percent from New Zealand and the Pacific as a number of projects came on stream and it benefited from favourable foreign exchange rate movements. More >>
CORRECT: Regulator sees raft of issues in Z-Chevron merger
Thursday, 6 August 2015, 10:23 am | BusinessDesk
Aug. 6 (BusinessDesk) - The Commerce Commission has identified a wide range of competition issues it will need to be satisfied about before it will tick through the proposed merger of Z Energy and the Chevron NZ, operator of the Caltex chain of petrol stations. More >>
Genesis calls time on NZ's last big coal-fired power station
Thursday, 6 August 2015, 10:11 am | BusinessDesk
Aug. 6 (BusinessDesk) - Genesis Energy, the country's biggest electricity retailer, will close New Zealand's only large scale coal-fired power station, at Huntly, by the end of 2018. More >>
Lion ups market share and volumes in NZ
Thursday, 6 August 2015, 9:48 am | BusinessDesk
Aug. 6 (BusinessDesk) - Increased promotional activity has seen Lion gain market share and grow beer, wine and spirits volumes in New Zealand by 1.3 percent, despite intense competition and continued margin pressure. More >>
