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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 86]
NZ dollar firms with improved US outlook
Friday, 29 March 2019, 9:06 pm | BusinessDesk
March 29 (BusinessDesk) - The New Zealand dollar rose after the US dollar firmed amid a small recovery in bond yields and with US shares looking likely to end the quarter on a slightly better note. More >>
CORRECT: NZ residential building consents boosted
Friday, 29 March 2019, 7:48 pm | BusinessDesk
March 29 (BusinessDesk) - New Zealand residential building consents were boosted by a glut of planned Auckland apartments last month, hitting a record for a February month. More >>
Wood, paper exports on the agenda for China FTA
Friday, 29 March 2019, 7:10 pm | BusinessDesk
March 29 (BusinessDesk) - Improving access to China for exports of New Zealand wood and paper products are among key areas of focus for Prime Minister Jacinda Ardern in her talks in Beijing next Monday. More >>
UPDATE: UK watchdog's Huawei report finds 'no backdoors'
Friday, 29 March 2019, 7:08 pm | BusinessDesk
(Recasts earlier story to include Huawei NZ reaction throughout, removes reference to GCSB issuing a 'draft' decision) More >>
Rubicon's Moriarty and Taylor reap another $1.8M
Friday, 29 March 2019, 5:46 pm | BusinessDesk
March 29 (BusinessDesk) - Rubicon's former top executives Luke Moriarty and Mark Taylor have agreed to drop their claim for severance packages in exchange for about $1.8 million of cash and shares. More >>
OMV seeks permit for Great South Basin work
Friday, 29 March 2019, 4:32 pm | BusinessDesk
March 29 (BusinessDesk) - OMV has sought a consent to bring a drilling rig into its Great South Basin permit south-east of Dunedin. More >>
RBNZ rate decision is starting point for new committee
Friday, 29 March 2019, 2:54 pm | BusinessDesk
March 29 (BusinessDesk) - Reserve Bank of New Zealand governor Adrian Orr said this week's shift to a more dovish stance wasn't his "last swing at the bat" as the sole decision maker but rather is the starting point of the new committee that will take ... More >>
NZ residential building consents boosted in Feb
Friday, 29 March 2019, 2:44 pm | BusinessDesk
March 29 (BusinessDesk) - New Zealand residential building consents were boosted by a glut of planned Auckland apartments last month, hitting a record for a February month. More >>
Bad news for Huawei as UK watchdog finds new security issues
Friday, 29 March 2019, 2:34 pm | BusinessDesk
March 29 (BusinessDesk) - Chinese telecommunications network equipment provider Huawei has suffered another setback in its ambition to supply kit for New Zealand's fifth generation, or 5G, internet services, following new criticisms from the oversight ... More >>
Power costs key to industrial electrification - MEUG
Friday, 29 March 2019, 2:16 pm | BusinessDesk
March 29 (BusinessDesk) - The electricity sector and the government will have to find ways to keep power costs lower if renewable energy is to displace fossil fuels in industrial processes, the Major Electricity Users’ Group says. More >>
Consumers say, 'I'm alright, Jack', despite business gloom
Friday, 29 March 2019, 1:58 pm | BusinessDesk
March 29 (BusinessDesk) - Even as businesses grow ever more gloomy, consumers are feeling not too bad. More >>
Hallenstein Glasson lifts 1H profit 5.9%
Friday, 29 March 2019, 1:45 pm | BusinessDesk
March 29 (BusinessDesk) - Hallenstein Glasson Holdings lifted first-half profit 5.9 percent as cuts to back-office costs offset skinnier margins from clearance sales. More >>
SkyCity's A$188M sale of Darwin casino goes unconditional
Friday, 29 March 2019, 12:47 pm | BusinessDesk
March 29 (BusinessDesk) - SkyCity Entertainment Group has wrapped up the A$188 million sale of its Darwin casino to US hospitality company Delaware North. More >>
Investors want good performance but do they want the fees?
Friday, 29 March 2019, 11:45 am | BusinessDesk
March 29 (BusinessDesk) - The extent of the performance fees Vital Healthcare Property Trust’s manager collects highlights the lack of hurdles that correlate with investor returns in the calculation of such fees. More >>
NZ dollar weaker; greenback gains ground on Brexit jitters
Friday, 29 March 2019, 11:27 am | BusinessDesk
March 29 (BusinessDesk) - The New Zealand dollar fell as the US dollar strengthened due to ongoing jitters around the Brexit situation. More >>
2degrees earnings rise 6%
Friday, 29 March 2019, 11:18 am | BusinessDesk
March 29 (BusinessDesk) - Two Degrees Mobile lifted annual earnings 6 percent in 2018 as the country's challenger mobile network sold more handsets, beating expectations on a common-currency basis. More >>
MARKET CLOSE: NZ shares extend rally
Thursday, 28 March 2019, 8:51 pm | BusinessDesk
MARKET CLOSE: NZ shares extend rally as low rates keeps yield stocks in play; Air NZ gains on cost-cutting plan More >>
NZ dollar becalmed after RBNZ's shock stance change
Thursday, 28 March 2019, 8:16 pm | BusinessDesk
March 28 (BusinessDesk) - The New Zealand dollar is becalmed after yesterday's shock announcement from the Reserve Bank that the next move in its official cash rate is likely to be down. More >>
UPDATE: Former Sky TV CEO Fellet resigns from board
Thursday, 28 March 2019, 8:13 pm | BusinessDesk
(Updates to add when Fellet is leaving in third paragraph, updates share price in final paragraph.) More >>
ComCom scolds Vocus-owned Slingshot for broadband discounts
Thursday, 28 March 2019, 8:11 pm | BusinessDesk
March 28 (BusinessDesk) - The Commerce Commission has warned Vocus Group-owned broadband provider Slingshot over an online ad campaign offering a 10 percent discount for customers who bundled power with internet services. More >>
