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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 8]
NZ August trade deficit tad wider than expected
Wednesday, 25 September 2019, 2:51 pm | BusinessDesk
Sept. 25 (BusinessDesk) - New Zealand’s August trade deficit was $1.6 billion, slightly wider than economists had expected, as imports came in higher than forecast. More >>
Abano shares hit 6-month high as bidders circle
Wednesday, 25 September 2019, 2:18 pm | BusinessDesk
Sept. 25 (BusinessDesk) - Abano Healthcare shares rose to a six-month high after the dental clinic operator said its board is considering competing offers - one for the whole business and one for its Australian chain. More >>
Fuel investment not risk-free in flat market – BP
Wednesday, 25 September 2019, 1:47 pm | BusinessDesk
Building new petrol stations in a flat market requires BP to target new population areas and is not without risk, the Commerce Commission heard yesterday. More >>
Warehouse pays biggest dividend in 5 years
Wednesday, 25 September 2019, 1:04 pm | BusinessDesk
Sept. 25 (BusinessDesk) - Warehouse Group will pay its biggest dividend in five years as efforts to turn the ship around have started paying off with a 26 percent lift in annual underlying profit. More >>
Fonterra now has $1 billion available for debt reduction
Wednesday, 25 September 2019, 12:08 pm | BusinessDesk
Sept. 25 (BusinessDesk) - Fonterra Cooperative Group said it has agreed to sell its 50 percent stake in DFE Pharma for $633 million and now has over $1 billion available to repay debt. More >>
Moa Group eyes wider beer market
Wednesday, 25 September 2019, 11:44 am | BusinessDesk
Sept. 25 (BusinessDesk) - Moa Group is banking on beers sold in bars and eateries to help it move into the black, and will now look at other categories beyond craft products. More >>
NZ dollar higher on weak US data
Wednesday, 25 September 2019, 11:14 am | BusinessDesk
Sept. 25 (BusinessDesk) - The New Zealand dollar got an overnight lift on soft US consumer confidence numbers and after investors pared back expectations for an October rate cut in Australia. More >>
MARKET CLOSE: NZ shares fall as A2 hits 7-month low
Tuesday, 24 September 2019, 9:46 pm | BusinessDesk
MARKET CLOSE: NZ shares fall as A2 hits 7-month low; Spark still defies naysayers More >>
NZ dollar steady ahead of RBA speech, NZ rate decision
Tuesday, 24 September 2019, 8:16 pm | BusinessDesk
Sept. 24 (BusinessDesk) - The New Zealand dollar was little changed ahead of a key speech by the Reserve Bank of Australia's governor tonight and an official cash rate decision by the local central bank tomorrow. More >>
Govt plans to clamp down on unfair commercial practices
Tuesday, 24 September 2019, 8:09 pm | BusinessDesk
Sept. 24 (BusinessDesk) - Government plans to clamp down on unfair commercial practices that can cripple small businesses have been well received by those lobbying for change. More >>
Loyalty scheme members not exclusive customers
Tuesday, 24 September 2019, 5:06 pm | BusinessDesk
Sept. 24 (BusinessDesk) - Users of fuel loyalty schemes are price sensitive and shop around to ensure they are getting the best deals available to them, the Commerce Commission heard today. More >>
S&P raises UDC Finance's credit rating to 'BBB+'
Tuesday, 24 September 2019, 4:47 pm | BusinessDesk
Sept. 24 (BusinessDesk) - International ratings agency Standard & Poor's has raised UDC Finance's credit rating a notch because of its view that the economic risks facing New Zealand's financial system have reduced and because of UDC's improved ... More >>
Company loses $270m claim over infant formula factory
Tuesday, 24 September 2019, 3:00 pm | BusinessDesk
Sept. 24 (BusinessDesk) - A company which had claimed $270 million in damages has failed in a court pursuit of its former business partner after plans to build an infant formula plant came undone. More >>
ANZ ties $50m loan for Synlait to environment and governance
Tuesday, 24 September 2019, 1:18 pm | BusinessDesk
Sept. 24 (BusinessDesk) - Synlait Milk will reap cheaper interest costs if it hits various environmental, social and governance in a $50 million, four-year loan with ANZ Bank. However, if it falls short, that bill will be higher. More >>
Tower to raise $47.2m at a discount to buy Youi
Tuesday, 24 September 2019, 1:05 pm | BusinessDesk
Sept. 24 (BusinessDesk) - Tower will raise $47.2 million at a discount, of which less than half will go towards buying controversial minnow Youi NZ and the rest will bolster the insurer's balance sheet to meet new licencing conditions. More >>
Summerset moving ahead with Australian expansion plans
Tuesday, 24 September 2019, 12:36 pm | BusinessDesk
Sept. 24 (BusinessDesk) - Summerset is moving ahead with its expansion plans across the Tasman and said it has purchased its first land in Australia. More >>
NZ dollar pares losses ahead of RBNZ rate decision
Tuesday, 24 September 2019, 11:20 am | BusinessDesk
Sept. 24 (BusinessDesk) - The New Zealand dollar continued to recover as investors take positions ahead of tomorrow’s rate decision by the Reserve Bank of New Zealand. More >>
MARKET CLOSE: NZ shares buoyed by prospect of low rates
Monday, 23 September 2019, 9:07 pm | BusinessDesk
Sept. 23 (BusinessDesk) - New Zealand shares rose, bucking international leads, as the prospect of persistently low interest rates continues to buoy the local equity market. Spark New Zealand defied negative headlines to end the day stronger. More >>
NZ dollar bounces off four-year low; seen weaker
Monday, 23 September 2019, 8:26 pm | BusinessDesk
Sept. 23 (BusinessDesk) - The New Zealand dollar rose but remained near a four-year low as optimism for a trade deal between the United States and China fades. More >>
Vector urges regulatory change due to low-interest-rates
Monday, 23 September 2019, 7:11 pm | BusinessDesk
Sept. 23 (BusinessDesk) - Directors at lines company Vector are pleading for regulatory changes, claiming the low-interest-rate environment is presenting new challenges. More >>
