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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 92]
PREVIEW: Synlait and Fonterra to report diverging earnings
Monday, 18 March 2019, 12:56 pm | BusinessDesk
March 18 (BusinessDesk) - Two dairy companies will report first-half results this week but they will be like “canned success versus udder confusion,” as Craigs Investment Partners analyst Adrian Allbon puts it in his results preview. More >>
Metroglass downgrades profit again
Monday, 18 March 2019, 12:49 pm | BusinessDesk
March 18 (BusinessDesk) - Metro Performance Glass has cut its profit guidance yet again and now expects annual operating profit will be about 12 percent lower than the last time it downgraded in November. More >>
PREVIEW: NZ 4Q GDP growth likely muted
Monday, 18 March 2019, 11:21 am | BusinessDesk
March 18 (BusinessDesk) - New Zealand's economy likely saw muted growth in the fourth quarter, weighed down by soft services activity. More >>
NZ dollar, focus on domestic GDP and US Federal Reserve
Monday, 18 March 2019, 11:10 am | BusinessDesk
March 18 (BusinessDesk) - The New Zealand dollar stuck to a tight range ahead of domestic gross domestic product data later this week and the upcoming Federal Open Market Committee meeting. More >>
All eyes on the Fed on Thursday
Monday, 18 March 2019, 10:44 am | BusinessDesk
March 18 (BusinessDesk) - The global focus for financial markets this week will be the US Federal Reserve's latest monetary policy statement and economic forecasts due early Thursday New Zealand time. More >>
MARKET CLOSE: NZ shares rise on index re-weightings
Friday, 15 March 2019, 9:00 pm | BusinessDesk
March 15 (BusinessDesk) - New Zealand shares rose in heavy trading as index re-weightings heightened activity in a week that had already been punctuated by some large investors repositioning their portfolios. Gentrack led the market higher. More >>
NZ dollar rises on North Korea nuke talks
Friday, 15 March 2019, 8:27 pm | BusinessDesk
March 15 (BusinessDesk) - The New Zealand dollar rose after a North Korean official threatened to suspend nuclear talks with the United States. More >>
Ngawha innovation park gets PGF funding
Friday, 15 March 2019, 8:24 pm | BusinessDesk
March 15 (BusinessDesk) - Backers of an innovation and enterprise park proposed near Kaikohe will receive $890,000 from the Provincial Growth Fund to test the feasibility of the concept. More >>
UPDATE: Gradual transition to sustainable agriculture key
Friday, 15 March 2019, 8:23 pm | BusinessDesk
March 15 (BusinessDesk) - New Zealand needs to get right its gradual transition to more sustainable agriculture and ensure that production values are sustained, Agriculture Minister Damien O’Connor says. More >>
Fitch says NZ bank lending to grow
Friday, 15 March 2019, 8:21 pm | BusinessDesk
March 15 (BusinessDesk) - Fitch Solutions says New Zealand bank lending growth should pick up this year to 5.2 percent from 4.7 percent in 2018 and then grow by 5.2 percent in 2020. More >>
Gradual transition to sustainable agriculture key - O'Connor
Friday, 15 March 2019, 5:33 pm | BusinessDesk
March 15 (BusinessDesk) - New Zealand needs to get right its gradual transition to more sustainable agriculture and ensure that production values are sustained, Agriculture Minister Damien O’Connor says. More >>
Spark will take up right to renew spectrum
Friday, 15 March 2019, 4:53 pm | BusinessDesk
March 15 (BusinessDesk) - Spark New Zealand will take up its right to renew most of its mobile spectrum rights currently used for 3G and 4G services, although it would have preferred the whole lot. More >>
Hallenstein Glasson taps Mary Devine as managing director
Friday, 15 March 2019, 3:14 pm | BusinessDesk
March 15 (BusinessDesk) - Hallenstein Glasson Holdings' board has appointed one of its own to take over the retailer's reins after chief executive Mark Goddard unexpectedly left last month. More >>
Manufacturing expanded in February
Friday, 15 March 2019, 3:12 pm | BusinessDesk
March 15 (BusinessDesk) - New Zealand's manufacturing activity continued to expand in February, although a build-up in inventories may indicate slower production in the future, Bank of New Zealand economist Craig Ebert says. More >>
Net migration rises in 12 months to January
Friday, 15 March 2019, 3:10 pm | BusinessDesk
March 15 (BusinessDesk) - Net migration may have risen 10 percent in the 12 months to January, according to provisional data. More >>
No Bentley or pre-paid rent for Halifax NZ MD Andrew Gibbs
Friday, 15 March 2019, 1:55 pm | BusinessDesk
March 15 (BusinessDesk) - Halifax New Zealand managing director Andrew Gibbs says his lifestyle is “chalk and cheese” compared with his Australian counterpart Jeffrey Worboys. More >>
Renewable power climbs in 2018 despite increased coal burn
Friday, 15 March 2019, 1:29 pm | BusinessDesk
March 15 (BusinessDesk) - Renewable generation delivered almost 84 percent of the country’s electricity last year, despite the biggest annual coal burn by the sector in three years. More >>
Sky TV CFO Jason Hollingworth departs, heads to Vector
Friday, 15 March 2019, 12:49 pm | BusinessDesk
March 15 (BusinessDesk) - Sky Network Television chief financial officer Jason Hollingworth is leaving the pay-TV operator after more than 16 years with the firm to take up the vacant CFO role at electricity, gas and telecommunications lines company Vector. More >>
Fonterra cuts production forecast for second time
Friday, 15 March 2019, 12:42 pm | BusinessDesk
March 15 (BusinessDesk) - Fonterra Cooperative Group lowered its milk collection forecast for the current season for the second time in two weeks. More >>
NZ dollar down on US-China trade war worries
Friday, 15 March 2019, 11:13 am | BusinessDesk
March 15 (BusinessDesk) - The New Zealand dollar fell on news that the US and China likely won't be inking a deal to end their trade war this month. More >>
