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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 83]
MARKET CLOSE: NZ shares fall for a second day
Thursday, 4 April 2019, 8:52 pm | BusinessDesk
MARKET CLOSE: NZ shares fall for a second day as defensive stocks end stellar run More >>
NZ dollar stalled awaiting Brexit, trade developments
Thursday, 4 April 2019, 8:35 pm | BusinessDesk
April 4 (BusinessDesk) - The New Zealand dollar is little changed as investors sit on their hands awaiting outcomes from the United States-China trade talks and the latest tortuous Brexit manoeuvres. More >>
CORRECT: Why is Abano doing it so tough in Australia?
Thursday, 4 April 2019, 7:40 pm | BusinessDesk
(Corrects fourth par to show the share price record occurred after the takeover failed and corrects date of takeover launch in fifth par) More >>
Lyttelton Port slapped with compliance order
Thursday, 4 April 2019, 3:55 pm | BusinessDesk
April 4 (BusinessDesk) - The Environmental Protection Agency slapped a compliance order on Lyttelton Port Co for its slow response to the discovery of a banned chemical on one of its tugboats. More >>
PharmaZen reports record profit, brings forward expansion
Thursday, 4 April 2019, 3:50 pm | BusinessDesk
April 4 (BusinessDesk) - PharmaZen has brought forward development of a new blackcurrant processing facility after full-year sales jumped 72 percent and delivered a record $1.28 million profit for 2018. More >>
ANALYSIS: Why is Abano doing it so tough in Australia?
Thursday, 4 April 2019, 2:05 pm | BusinessDesk
April 4 (BusinessDesk) - The former dissident Abano Healthcare shareholders are probably crowing about now, saying, see, we were right. More >>
Meridian pushes for faster action on gas disclosures
Thursday, 4 April 2019, 1:26 pm | BusinessDesk
April 4 (BusinessDesk) - Meridian Energy is pushing for faster action on the disclosure of gas trading, maintenance shutdowns and near-term production and consumption forecasts. More >>
Scott Technology M&A spree delivers 62% boost in 1H profit
Thursday, 4 April 2019, 1:06 pm | BusinessDesk
April 4 (BusinessDesk) - Scott Technology is near the end of its latest round of acquisitions, which helped boost first-half profit 62 percent. More >>
Fitch may change its NZ bank ratings
Thursday, 4 April 2019, 12:36 pm | BusinessDesk
April 4 (BusinessDesk) - International ratings agency Fitch Ratings is warning it may downgrade its ratings of New Zealand’s big four banks if the Reserve Bank’s minimum capital requirements become so onerous that their Australian parents look ... More >>
SkyCity to sell Auckland car park concession for $220m
Thursday, 4 April 2019, 12:28 pm | BusinessDesk
April 4 (BusinessDesk) - SkyCity Entertainment Group has agreed to sell a long-term concession over its Auckland car parks to Macquarie Principal Finance Group for $220 million as part of a strategy to get out of non-core assets. More >>
NZ dollar up on US-China trade optimism
Thursday, 4 April 2019, 11:11 am | BusinessDesk
April 4 (BusinessDesk) - The New Zealand dollar rose after positive headlines out of US-China trade talks and as weak US data weighed on the greenback. More >>
MARKET CLOSE: NZ shares snap 6-day gain
Wednesday, 3 April 2019, 8:58 pm | BusinessDesk
April 3 (BusinessDesk) - New Zealand shares slipped from a record, with Spark New Zealand falling after managing director Simon Moutter signalled his exit from the country's biggest telecommunications company. More >>
NZ dollar rises after positive Aussie data
Wednesday, 3 April 2019, 8:42 pm | BusinessDesk
April 3 (BusinessDesk) - The New Zealand dollar rose a little after better-than-expected Australian retail sales data but the mood remains bearish. More >>
Trade Me shareholders back $2.56 billion takeover offer
Wednesday, 3 April 2019, 7:54 pm | BusinessDesk
April 3 (BusinessDesk) - Trade Me Group shareholders overwhelmingly voted in favour of a $2.56 billion takeover by UK private equity firm Apax Partners, locking in an annual total return of almost 18 percent since its 2011 initial public offering. More >>
'Ambitious' renewable targets will require infrastructure
Wednesday, 3 April 2019, 7:53 pm | BusinessDesk
April 3 (BusinessDesk) - The government is “ambitious” to develop the country’s renewable energy systems and will spend much of this year developing its strategy out to 2050, Energy and Resources Minister Megan Woods says. More >>
Moutter exit prompts 'sell' recommendation from Fat Prophets
Wednesday, 3 April 2019, 5:20 pm | BusinessDesk
April 3 (BusinessDesk) - Stocks research house Fat Prophets changed its buy recommendation on Spark New Zealand to sell after news that chief executive Simon Moutter is stepping down. More >>
MBIE knocks NZ Steel's latest complaint on Chinese imports
Wednesday, 3 April 2019, 4:24 pm | BusinessDesk
April 3 (BusinessDesk) - The Ministry of Business, Innovation and Employment took longer and wrote a bigger report but still rejected New Zealand Steel's latest complaint that Chinese imports have an unfair government subsidy. More >>
NZ commodity prices lift in March, led by dairy
Wednesday, 3 April 2019, 4:22 pm | BusinessDesk
April 3 (BusinessDesk) - Hacked Christchurch-based cryptocurrency exchange Cryptopia will give a “rebate” to investors who lost funds. But details are sketchy. And a decision to refund people who lost currency using the NZ dollar price on the day ... More >>
Hacked Cryptopia investors in the dark over "rebate"
Wednesday, 3 April 2019, 4:20 pm | BusinessDesk
April 3 (BusinessDesk) - Hacked Christchurch-based cryptocurrency exchange Cryptopia will give a “rebate” to investors who lost funds. But details are sketchy. And a decision to refund people who lost currency using the NZ dollar price on the day ... More >>
NZ share trading cools in record-breaking market
Wednesday, 3 April 2019, 2:36 pm | BusinessDesk
April 3 (BusinessDesk) - Share trading on New Zealand's stock market cooled in March as the benchmark index spent much of the month chalking up new records in an environment in which interest rates are expected to go even lower. More >>
