BusinessDesk - Latest News [Page 1]

MARKET CLOSE: NZ stocks rise; Meridian, MRP up on Tiwai

Friday, 31 July 2015, 5:38 pm | BusinessDesk

July 31 (BusinessDesk) - New Zealand shares rose. Meridian Energy and MightyRiverPower gained ahead of a decision on the future of the Tiwai Point aluminium smelter and as investors sought companies with relatively strong dividend yields. More >>

Meridian, MightyRiverPower shares gain before Tiwai decision

Friday, 31 July 2015, 5:24 pm | BusinessDesk

July 31 (BusinessDesk) - A decision to keep the Tiwai Point aluminium smelter open appears increasingly likely, with shares of Meridian Energy and MightyRiverPower gaining ahead of Monday's scheduled announcement on the future of the Bluff industrial ... More >>

NZ dollar drops on weaker business sentiment

Friday, 31 July 2015, 5:22 pm | BusinessDesk

July 31 (BusinessDesk) - The New Zealand dollar fell after a survey showed deteriorating business confidence, and may decline further with key event risks next week in the GlobalDairyTrade auction, labour market statistics and a Fonterra Cooperative Group ... More >>

NZ must do more on exploited migrant labour: US State Dept

Friday, 31 July 2015, 5:21 pm | BusinessDesk

July 31 (BusinessDesk) - New Zealand needs to significantly boost its efforts to protect vulnerable migrant workers against exploitative employers, says the US Department of State, in its latest human trafficking report. More >>

13 companies gain up to $24.5M in R&D grants

Friday, 31 July 2015, 4:25 pm | BusinessDesk

July 31 (BusinessDesk) - Thirteen companies were the recipients of the latest batch of government-funded research and development growth grants totalling up to $24.5 million over three years, including the listed Eroad receiving its first ever taxpayer ... More >>

Ngai Tahu Property boss Tony Sewell to retire

Friday, 31 July 2015, 3:32 pm | BusinessDesk

Ngai Tahu Property boss Sewell retiring to pursue private sector opportunities after building $553 million portfolio More >>

T&G Global strengthens position as asparagus marketer

Friday, 31 July 2015, 3:14 pm | BusinessDesk

July 31 (BusinessDesk) - T&G Global, the fruit marketer controlled by Germany's BayWa, has acquired assets from long-term Australian partner M&G Vizzarri, strengthening its position as a major asparagus trader. More >>

Kirk's board brokered its own deal for sale to David Jones

Friday, 31 July 2015, 2:51 pm | BusinessDesk

July 31 (BusinessDesk) - Kirkcaldie & Stains' sought out an offer from Australian department store chain David Jones to buy the ailing 152 year old Wellington department store, after suffering seven consecutive years of unprofitability, chairman Falcon ... More >>

NZ businesses become most pessimistic in 6 years

Friday, 31 July 2015, 1:48 pm | BusinessDesk

July 31 (BusinessDesk) - New Zealand business confidence fell for a second month, to the most pessimistic in six years, led by the agricultural sector and construction companies. More >>

FMA files against Milford's Warminger on market manipulation

Friday, 31 July 2015, 1:18 pm | BusinessDesk

July 31 (BusinessDesk) - The Financial Markets Authority has filed civil proceedings against Milford Asset Management portfolio manager Mark Warminger alleging he manipulated stock prices in breach of the Securities Markets Act. More >>

Kirkcaldie shareholders call time on 152-year-old store

Friday, 31 July 2015, 11:31 am | BusinessDesk

July 31 (BusinessDesk) - Kirkcaldie & Stains' shareholders have voted in favour of Australian department store chain David Jones taking over the upscale Wellington store, ending a run of 152 years, and will receive $19.4 million in a distribution. More >>

Blis Technologies forecasts 75% gain in annual sales

Friday, 31 July 2015, 10:15 am | BusinessDesk

July 31 (BusinessDesk) - Blis Technologies, the NZX-listed biotech company, said sales will rise as much as 75 percent, helped by demand in Europe, North America and in New Zealand. More >>

OceanaGold buys Canada's Romarco, gaining access to US mine

Friday, 31 July 2015, 9:46 am | BusinessDesk

July 31 (BusinessDesk) - OceanaGold Corp, the Australian gold miner, has acquired Canada's Romarco Minerals for a 73 percent premium, in a bid to become the world's cheapest gold miner. More >>

NZ dollar extends slide as easing RBNZ contrasts with more u

Friday, 31 July 2015, 9:00 am | BusinessDesk

July 31 (BusinessDesk) - The New Zealand dollar extended its decline, falling below 66 US cents as the prospect of more easing by the Reserve Bank dented the appeal of the kiwi in an enviroment where the US Federal Reserve prepares to hike interest ... More >>

While you were sleeping: Solid US GDP, jobs

Friday, 31 July 2015, 7:45 am | BusinessDesk

July 31 (BusinessDesk) - Wall Street was mixed as better-than-expected US economic growth and solid jobs data offset disappointing results from Procter & Gamble as well as Whole Foods Market. More >>

MARKET CLOSE: NZ shares rise; Heartland, Kathmandu climb

Thursday, 30 July 2015, 5:41 pm | BusinessDesk

July 30 (BusinessDesk) - New Zealand shares rose. Heartland New Zealand advanced after the bank affirmed its profit guidance. Kathmandu Holdings gained on the back of a positive earnings forecast by its would-be acquirer, Briscoe Group. More >>

NZ dollar falls on Wheeler's argument for weaker currency

Thursday, 30 July 2015, 5:10 pm | BusinessDesk

July 30 (BusinessDesk) - The New Zealand dollar fell as a combination of Reserve Bank governor Graeme Wheeler's message that the currency needs to depreciate and a more optimistic US labour market view from the US Federal Reserve weighed on the ... More >>

Moa employees get access to new share scheme

Thursday, 30 July 2015, 4:47 pm | BusinessDesk

July 30 (BusinessDesk) - Craft beer maker Moa Group will give workers another chance to get shares in the company, with a long-term employee option scheme issuing up to 1.2 million share options, More >>

Millennium & Copthorne 1H profit soars 93%

Thursday, 30 July 2015, 3:49 pm | BusinessDesk

July 30 (BusinessDesk) - Millennium & Copthorne Hotels New Zealand, the hotel operator and property developer, boosted first-half profit by 93 percent as it lifted the performance of its hotel operations and its property developments turned profitable ... More >>

Harmoney founder and CEO Neil Roberts leaves board

Thursday, 30 July 2015, 3:36 pm | BusinessDesk

July 30 (BusinessDesk) - Neil Roberts, founder and majority owner of Harmoney Corp, has stepped down from the peer-to-peer lender's board but will remain as chief executive. More >>



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