BusinessDesk - Latest News [Page 1]

MARKET CLOSE: NZ shares gain on global rally; Diligent rises

Wednesday, 16 April 2014, 5:33 pm | BusinessDesk

April 16 (BusinessDesk) - New Zealand stocks joined a global rally as US company earnings growth lifted sentiment for equity markets. Diligent Board Member Services led the benchmark index higher after reporting first-quarter sales growth. Pacific ... More >>

NZ dollar falls to nine-day low after CPI misses estimates

Wednesday, 16 April 2014, 5:02 pm | BusinessDesk

April 16 (BusinessDesk) - The New Zealand dollar dropped to a nine-day low after slower than expected inflation raised questions over the track of rising local interest rates. More >>

Delegat’s founder Delegat to step back from daily operation

Wednesday, 16 April 2014, 3:34 pm | BusinessDesk

April 16 (BusinessDesk) – Jim Delegat, founder of Delegat’s Group, is stepping down from running the winemaker’s daily operations to focus on the company’s strategic direction. More >>

NZ government scales back larger applications for Genesis

Wednesday, 16 April 2014, 3:22 pm | BusinessDesk

April 16 (BusinessDesk) - The government will progressively scale down applications for large shareholdings in Genesis Energy ahead of tomorrow’s listing after the final partial privatisation in the current programme attracted 68,000 investors. More >>

Diligent shares jump as 1st-qtr figures show better growth

Wednesday, 16 April 2014, 3:06 pm | BusinessDesk

April 16 (BusinessDesk) – Diligent Board Member Services stock rose as much as 12 percent after the governance app developer posted quarterly figures showing sales growth hasn’t slowed as much as some investors had expected. More >>

NZ govt, Christchurch council target 700 new housing units

Wednesday, 16 April 2014, 12:52 pm | BusinessDesk

April 16 (BusinessDesk) - The New Zealand government and Christchurch City Council want to add a net 700 social housing units in the country’s second-largest city in two-and-a-half years and a bigger supply of affordable houses as part of a formal ... More >>

Imperial Tobacco NZ lifts Australian sales

Wednesday, 16 April 2014, 12:47 pm | BusinessDesk

Imperial Tobacco’s NZ arm lifts export sales to Australia; Philip Morris NZ boosts revenue More >>

Chinese company to build $200M hotel on Auckland waterfront

Wednesday, 16 April 2014, 11:18 am | BusinessDesk

Company linked to one of China’s richest women to spend $200 mln on Auckland hotel More >>

NZ consumer prices rise 0.3% in 1Q, missing estimates

Wednesday, 16 April 2014, 10:59 am | BusinessDesk

NZ consumer prices rise 0.3% in first quarter on tobacco tax hike, more expensive housing More >>

Bathurst raises A$7.93M in placement to help fund Escarpment

Wednesday, 16 April 2014, 10:22 am | BusinessDesk

April 16 (BusinessDesk) - Bathurst Resources raised A$7.39 million in a discounted placement to institutional investors to help fund development of its Escarpment open-cut coal mine on the Denniston Plateau near Westport. More >>

Chorus lifts broadband connections 1.1% in first quarter

Wednesday, 16 April 2014, 10:14 am | BusinessDesk

April 16 (BusinessDesk) – Chorus, the network operator spun out of Telecom in 2011, increased its broadband connections by 1.1 percent in the first quarter while its fixed-line connections edged up 0.2 percent. More >>

BlueScope Steel gets antitrust clearance to buy PacSteel

Wednesday, 16 April 2014, 9:59 am | BusinessDesk

April 16 (BusinessDesk) - BlueScope Steel, Australia’s largest steelmaker and owner of the New Zealand Steel mill, has gained antitrust approval to acquire the assets of Fletcher Building’s Pacific Steel in a $120 million deal. More >>

Turners & Growers to buy Apollo Apples for up to $44.1 mln

Wednesday, 16 April 2014, 9:32 am | BusinessDesk

April 16 (BusinessDesk) - Turners & Growers, the fruit marketer controlled by Germany’s BayWa, has agreed to buy Hawke’s Bay-based Apollo Apples for as much as $44.1 million as it looks to meet growing global demand. More >>

Coats chair Clasper to head GPG board

Wednesday, 16 April 2014, 9:24 am | BusinessDesk

April 16 (BusinessDesk) - Mike Clasper, the chair of Coats, has been appointed chairman of the UK threadmaker’s parent Guinness Peat Group as the group gets closer to completing its shift to a new entity. More >>

NZ dollar weakens ahead of Chinese data which may be weaker

Wednesday, 16 April 2014, 9:20 am | BusinessDesk

April 16 (BusinessDesk) – The New Zealand dollar weakened ahead of the release of Chinese data today which is expected to show a slowdown in Asia’s largest economy, the country’s largest trading partner. Locally, figures are expected to show inflation ... More >>

Diligent’s pace of growth slows in 1Q, client retention dips

Wednesday, 16 April 2014, 9:16 am | BusinessDesk

Diligent’s pace of growth slows in 1Q, client retention dips on M&A activity More >>

Dairy product prices slide, falling 2.6% to 14-month low

Wednesday, 16 April 2014, 8:03 am | BusinessDesk

Dairy product prices extend slide, falling 2.6% to 14-month low, paced by whole milk powder More >>

While you were sleeping: Coca-Cola beats estimates

Wednesday, 16 April 2014, 7:36 am | BusinessDesk

April 16 (BusinessDesk) – Wall Street advanced, spearheaded by gains in shares of Coca-Cola and Johnson & Johnson after both companies reported quarterly results that surpassed expectations, bolstering confidence about the outlook. More >>

MARKET CLOSE: NZ shares rise on tech relief-rally led by PEB

Tuesday, 15 April 2014, 6:03 pm | BusinessDesk

April 15 (BusinessDesk) – NZ Stocks rose led by Pacific Edge as investors re-evaluate prices of tech stocks after the recent a sell-off in the sector worldwide. Xero extended its decline. More >>

Arowana seeks up to $234M in dual-listing NZ Intueri unit

Tuesday, 15 April 2014, 6:01 pm | BusinessDesk

April 15 (BusinessDesk) - ASX-listed Arowana International wants to raise as much as $234 million in the dual-listing of its Intueri Education Group, which will establish New Zealand’s biggest private training establishment (PTE). More >>

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