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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 88]
Mercury commits to $256 mln Turitea wind development
Wednesday, 27 March 2019, 12:25 pm | BusinessDesk
March 27 (BusinessDesk) - Mercury NZ plans to start site works for a $256 million wind farm south-east of Palmerston North in August. More >>
NZ dollar rangebound ahead of RBNZ rate announcement
Wednesday, 27 March 2019, 11:09 am | BusinessDesk
March 27 (BusinessDesk) - The New Zealand dollar remains steady ahead of today's cash rate review where the Reserve Bank of New Zealand is widely expected to keep rates on hold. More >>
MARKET CLOSE: NZ shares shrugs off Wall St weakness
Tuesday, 26 March 2019, 8:59 pm | BusinessDesk
MARKET CLOSE: NZ shares shrugs off Wall St weakness; defensive stocks gain, Genesis hits record More >>
Former Mainzeal directors in final-hour appeal of judgment
Tuesday, 26 March 2019, 8:29 pm | BusinessDesk
March 26 (BusinessDesk) - Directors of collapsed construction company Mainzeal, including former Prime Minister Jenny Shipley, are appealing last month’s High Court judgment. More >>
NZ dollar stalled as investors await OCR review
Tuesday, 26 March 2019, 8:14 pm | BusinessDesk
March 26 (BusinessDesk) - The New Zealand dollar is little changed ahead of tomorrow’s review of the official cash rate by the Reserve Bank. More >>
Chorus shares 'extremely undervalued', says shareholder
Tuesday, 26 March 2019, 8:13 pm | BusinessDesk
March 26 (BusinessDesk) - Chorus shares hit a record earlier this month but are still "extremely undervalued", according to its biggest shareholder. More >>
Why Nikko sold Facebook
Tuesday, 26 March 2019, 8:12 pm | BusinessDesk
March 26 (BusinessDesk) - As the international groundswell against Facebook’s live-streaming of the Christchurch killer’s video grows, Nikko Asset Management says its global equities team sold its stake in the social media platform more than a year ago for ... More >>
Govt rejects Upton proposal to restrict use of trees
Tuesday, 26 March 2019, 5:02 pm | BusinessDesk
March 26 (BusinessDesk) - The government is committed to using forests as carbon 'sinks' for all greenhouse gas emissions, dismissing recommendations in a new report from the Parliamentary Commissioner for the Environment that forests should only ... More >>
OCR will stay put for a long time or a very long time: Nikko
Tuesday, 26 March 2019, 4:35 pm | BusinessDesk
March 26 (BusinessDesk) - The official cash rate is either going to stay where it is for a long time or a very long time, according to Fergus McDonald, head of fixed interest and currency at Nikko Asset Management New Zealand. More >>
Shipley, Tilby and Gomm appeal Mainzeal ruling
Tuesday, 26 March 2019, 4:34 pm | BusinessDesk
March 26 (BusinessDesk) - Former Mainzeal Group directors Jenny Shipley, Clive Tilby and Peter Gomm are appealing the High Court judgment which found them liable to pay up to $6 million each towards a $36 million award to creditors. More >>
NZ posts trade surplus as China buys more Milk Powder
Tuesday, 26 March 2019, 3:07 pm | BusinessDesk
New Zealand posted a trade surplus of $12 million in February, down from a $188 million surplus in the same month a year ago, as China boosted milk powder exports while imports of cars rose. More >>
UPDATE: Abano expects annual net profit to fall about 12%
Tuesday, 26 March 2019, 2:17 pm | BusinessDesk
March 26 (BusinessDesk) - Abano Healthcare is forecasting annual net profit will fall 12.6 percent amid “challenging” conditions in Australia which have halted its purchases of new dental practices across the Tasman. More >>
QEX adds Open Country, Swisse to China client base
Tuesday, 26 March 2019, 2:12 pm | BusinessDesk
March 26 (BusinessDesk) - QEX Logistics has added Open Country Dairy and Hong Kong-listed Swisse Wellness to its product distribution network in China. More >>
NZSA supports NZX director elections, remains critical
Tuesday, 26 March 2019, 2:11 pm | BusinessDesk
March 26 (BusinessDesk) - The New Zealand Shareholders’ Association is highly critical of NZX’s performance but will nevertheless support the election and re-election of two directors. More >>
Kathmandu lifts 1H profit 14% on margins, tax adjustment
Tuesday, 26 March 2019, 1:43 pm | BusinessDesk
Kathmandu Holdings lifted first-half profit as expanding margins and a one-time tax adjustment bolstered extra sales from its recently acquired North American Oboz Footwear business. More >>
Abano expects annual net profit to fall about 12%
Tuesday, 26 March 2019, 1:37 pm | BusinessDesk
March 26 (BusinessDesk) - Abano Healthcare is forecasting annual net profit will fall 12.6 percent amid “challenging” conditions in Australia which have halted its purchases of new dental practices across the Tasman. More >>
Moa Group posts 'positive ebitda' for summer quarter
Tuesday, 26 March 2019, 1:35 pm | BusinessDesk
March 26 (BusinessDesk) - Moa Group, a brewer which has reported losses since listing in 2012, said it posted positive earnings over the summer quarter and is on track to achieve "near break-even profitability” for the six months ending March ... More >>
Kiwi strengthens on optimism over US-China trade talks
Tuesday, 26 March 2019, 12:02 pm | BusinessDesk
March 26 (BusinessDesk) - The New Zealand dollar strengthened against the US greenback amid optimism about trade talks between the US and China. More >>
MARKET CLOSE: NZ shares fall from record
Monday, 25 March 2019, 9:19 pm | BusinessDesk
March 25 (BusinessDesk) - New Zealand shares joined a global decline as investors sold off equities when long-term US interest rates fell below shorter-dated debt, a technical signal that may indicate an approaching recession. Stocks trading near ... More >>
PM Ardern to visit China for one-day meeting with Xi, Li
Monday, 25 March 2019, 9:17 pm | BusinessDesk
March 25 (BusinessDesk) - Prime Minister Jacinda Ardern will travel to China on Sunday for a one-day meeting with Chinese President Xi Jinping and Premier Li Keqiang. More >>
