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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 97]
NZ share market trading perks up in February
Tuesday, 5 March 2019, 1:34 pm | BusinessDesk
March 5 (BusinessDesk) - Share trading on New Zealand's stock market perked up in February as a glut of company earnings and an index re-weighting gave investors something to mull over. More >>
Fitch puts Fonterra on notice over credit rating
Tuesday, 5 March 2019, 12:12 pm | BusinessDesk
March 5 (BusinessDesk) - Fitch Ratings has put Fonterra Cooperative Group on notice over its credit rating, saying its asset sale programme will be critical in getting debt under control. More >>
Partners Life wants Kiwis to think about life insurance
Tuesday, 5 March 2019, 11:11 am | BusinessDesk
March 5 (BusinessDesk) - Partners Life has launched an advertising campaign aimed at getting New Zealanders to think about whether they need life insurance. More >>
NZSA surprised at no retail reps on NZX review committee
Tuesday, 5 March 2019, 11:10 am | BusinessDesk
March 5 (BusinessDesk) - The New Zealand Shareholders' Association says it is “surprising and disappointing” that none of the people appointed to the steering committee of the capital markets review represent retail investors. More >>
NZD dollar sticks to tight range, eyes on RBA
Tuesday, 5 March 2019, 11:09 am | BusinessDesk
March 5 (BusinessDesk) - The New Zealand dollar remains stuck in a tight range ahead of key events this week, including the Reserve Bank of Australian monetary policy review later today. More >>
MARKET CLOSE: NZ shares hit record
Monday, 4 March 2019, 9:11 pm | BusinessDesk
MARKET CLOSE: NZ shares hit record as prospect of US-China trade deal buoys Asia; A2 gains More >>
NZ dollar little changed awaiting new impetus
Monday, 4 March 2019, 8:11 pm | BusinessDesk
March 4 (BusinessDesk) - The New Zealand dollar is little changed as traders await further news on situations such as Brexit and the trade talks between the United States and China. More >>
Mercer and its insurers settle over Fonterra silo collapse
Monday, 4 March 2019, 5:04 pm | BusinessDesk
March 4 (BusinessDesk) - Stainless steel products manufacturer Mercer and its insurers have settled all potential claims associated with the collapse of a silo at Fonterra’s Edendale site in 2016, the company said in a release to the stock exchange. More >>
Auckland house sales stall in February, hitting 10-year low
Monday, 4 March 2019, 2:30 pm | BusinessDesk
March 4 (BusinessDesk) - Auckland realtor Barfoot & Thompson had its quietest month in more than 10 years in February, with sales down 28 percent from a year earlier. More >>
Default fund KiwiSavers are getting a raw deal: Milford
Monday, 4 March 2019, 2:06 pm | BusinessDesk
March 4 (BusinessDesk) - KiwiSavers in default funds are getting a raw deal and the government needs to acknowledge the default fund system doesn’t work, according to Milford Asset Management. More >>
Nine heavy-hitters join Stearne on capital markets
Monday, 4 March 2019, 2:00 pm | BusinessDesk
March 4 (BusinessDesk) - Nine financial markets heavy hitters have been named to join the steering committee of the capital markets review announced by stock exchange operator NZX and the Financial Markets Authority in January. More >>
Default fund KiwiSavers are getting a raw deal: Milford
Monday, 4 March 2019, 1:20 pm | BusinessDesk
KiwiSavers in default funds are getting a raw deal and the government needs to acknowledge the default fund system doesn’t work, according to Milford Asset Management. More >>
Earnings season no bust but a tad disappointing
Monday, 4 March 2019, 11:36 am | BusinessDesk
March 4 (BusinessDesk) - The reporting season downunder was a tad disappointing with both earnings growth and outlook statements on the soft side, a sharp contrast to the United States where 69 percent of companies within the S&P 500 Index beating ... More >>
NZD tad higher after Trump complains about high greenback
Monday, 4 March 2019, 11:13 am | BusinessDesk
March 4 (BusinessDesk) - The New Zealand dollar was slightly higher after the greenback was weighed by comments from US President Donald Trump who said the strong US dollar is hurting US competitiveness. More >>
MARKET CLOSE: NZ stocks gain on China data, dividend plays
Friday, 1 March 2019, 10:37 pm | BusinessDesk
March 1 (BusinessDesk) - New Zealand shares rose, buoyed by firmer Asian markets, as investors sought out stocks with strong dividends due. More >>
NZ dollar little changed; buoyed by consumer confidence
Friday, 1 March 2019, 8:15 pm | BusinessDesk
March 1 (BusinessDesk) - The New Zealand dollar was little changed after trading a tight range with mild but temporary boosts from strong consumer sentiment domestically and a better than expected indicator of Chinese manufacturing activity negated by ... More >>
Gains still possible from voluntary market-making - EA
Friday, 1 March 2019, 8:06 pm | BusinessDesk
March 1 (BusinessDesk) - All the benefits available from voluntary market-making arrangements in the electricity futures market should be exhausted before new structures are considered, the Electricity Authority says. More >>
Vital's management fees up, distributable income down
Friday, 1 March 2019, 5:39 pm | BusinessDesk
Vital's management fees up 75%, distributable income down 18.7% More >>
CentrePort doubles half-year profit in increased log, volume
Friday, 1 March 2019, 4:29 pm | BusinessDesk
March 1 (BusinessDesk) - CentrePort has more than doubled its underlying half-year profit, boosted by increased log and container volumes and record cruise ship activity. More >>
Ports of Auckland investment stifles 1st-half revenue growth
Friday, 1 March 2019, 3:40 pm | BusinessDesk
Ports of Auckland investment stifles first-half revenue growth; profit falls More >>
