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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 80]
Foreign political donors concern spies
Thursday, 11 April 2019, 2:44 pm | BusinessDesk
April 11 (BusinessDesk) - New Zealand's principal intelligence agencies have told members of Parliament they saw nothing in the lead-up to the 2017 election that required activating a protocol to respond to threats to the general election. More >>
New OIA info points to scant RBNZ analysis
Thursday, 11 April 2019, 2:41 pm | BusinessDesk
April 11 (BusinessDesk) - Information released under the Official Information Act adds to the weight of evidence that there is scant analysis behind the central bank’s proposals to raise minimum bank capital requirements. More >>
New rental inflation measure shows rising prices in March
Thursday, 11 April 2019, 2:37 pm | BusinessDesk
April 11 (BusinessDesk) - Stats NZ's new way of measuring rental price inflation shows it accelerated in March. More >>
NZ annual food prices lift 1.2% in March
Thursday, 11 April 2019, 2:27 pm | BusinessDesk
April 11 (BusinessDesk) - New Zealand's March food prices rose 1.2 percent versus the same month a year earlier, pushed higher by grocery foods, non-alcoholic beverages and restaurant and ready-to-eat food. More >>
Infratil's CDC forecasts 50% run-rate ebitda growth
Thursday, 11 April 2019, 1:48 pm | BusinessDesk
April 11 (BusinessDesk) - Canberra Data Centres expects to grow its operating profit run-rate by more than 50 percent this year after increasing it by 35 percent in the March year just gone. More >>
NZD dollar tad higher after Fed minutes
Thursday, 11 April 2019, 11:22 am | BusinessDesk
April 11 (BusinessDesk) - The New Zealand dollar firmed against the US dollar after minutes from the latest Federal Reserve policy meeting underscored the US central bank will remain patient when it comes to any change in interest rates. More >>
Overseas Investment Office engages early
Thursday, 11 April 2019, 10:51 am | BusinessDesk
Overseas Investment Office engages early to weed out applications More >>
Infratil's Canberra Data Centres forecasts 50% growth
Thursday, 11 April 2019, 10:48 am | BusinessDesk
Infratil's Canberra Data Centres forecasts 50% run-rate ebitda growth More >>
Target erosion-risk land for permanent forests - report
Thursday, 11 April 2019, 10:44 am | BusinessDesk
April 11 (BusinessDesk) - Permanent forests planned as part of the government’s one billion tree programme need to be targeted at the country’s high-erosion areas, two leading environmental groups say. More >>
MARKET CLOSE: NZ shares fall as yield appeal dims
Wednesday, 10 April 2019, 9:09 pm | BusinessDesk
April 10 (BusinessDesk) - New Zealand shares fell as the attraction of yield stocks lost their lustre now most have shed rights to dividends. Retirement village operators such as Metlifecare and Ryman Healthcare extended their decline More >>
NZ dollar sticks to tight range
Wednesday, 10 April 2019, 8:27 pm | BusinessDesk
April 10 (BusinessDesk) - The New Zealand dollar was largely unchanged in local trading after Reserve Bank of Australia deputy governor Guy Debelle indicated an open mind on the nation's interest rate outlook. More >>
Napier wharf cost increase reinforces case for IPO - council
Wednesday, 10 April 2019, 8:12 pm | BusinessDesk
April 10 (BusinessDesk) - Hawke’s Bay Regional Council says an increased cost estimate for a new wharf at Napier Port reinforces its decision to seek outside capital for the business. More >>
Infratil looks at replicating Longroad in Europe
Wednesday, 10 April 2019, 5:15 pm | BusinessDesk
April 10 (BusinessDesk) - Infratil is looking to replicate its investment in US-based renewable energy developer Longroad in Europe, chief commercial officer Jason Boyes told the company's investor day. More >>
Michael Hill shares fall as trans-Tasman sales shrink
Wednesday, 10 April 2019, 4:22 pm | BusinessDesk
April 10 (BusinessDesk) - Michael Hill International shares fell 5.7 percent after the jewellery chain reported weaker sales in its core Australian and New Zealand markets in the first three months of 2019. More >>
Comvita to take full control of China JV
Wednesday, 10 April 2019, 2:13 pm | BusinessDesk
April 10 (BusinessDesk) - Honey company Comvita has entered a conditional agreement to acquire the remaining 49 percent of its China joint venture, Comvita Food and Comvita China, for about $20 million. More >>
OMV eyes up to 10 wells for GSB programme
Wednesday, 10 April 2019, 1:39 pm | BusinessDesk
April 10 (BusinessDesk) - OMV says early success in its planned drilling campaign in the Great South Basin could require as many as 10 wells to be drilled. More >>
Wellington Drive affirms annual guidance
Wednesday, 10 April 2019, 1:08 pm | BusinessDesk
April 10 (BusinessDesk) - Wellington Drive Technologies reported first-quarter revenue growth of 33 percent but maintained its annual guidance, stating the outlook for the second half is unclear and potentially weaker. More >>
Infratil forecasts likely fall in operating earnings
Wednesday, 10 April 2019, 1:06 pm | BusinessDesk
April 10 (BusinessDesk) - Infratil says it expects operating earnings could fall in the year ending March 2020 not including incentive fees. More >>
Chorus fibre connection growth outpaces copper line decline
Wednesday, 10 April 2019, 1:05 pm | BusinessDesk
April 10 (BusinessDesk) - Chorus added more broadband connections than it lost in the March quarter as growing demand for fibre outpaced its copper losses in areas where it isn't building the ulftrafast broadband network. More >>
Trustpower says annual earnings in middle of range
Wednesday, 10 April 2019, 12:22 pm | BusinessDesk
April 10 (BusinessDesk) - Trustpower says annual earnings were around the middle of its previous guidance and it anticipates a weaker 2020 with generation levels likely to be lower than normal. More >>
