BusinessDesk - Latest News [Page 1]

NZ migration rose to record in 2014

Friday, 30 January 2015, 12:32 pm | BusinessDesk

Jan. 30 (BusinessDesk) - New Zealand migration surged to a record in 2014 as more people relocated from India and Australia and fewer kiwis departed across the Tasman. More >>

Equitise crowdfunding platform offers stock in Tourism Radio

Friday, 30 January 2015, 11:30 am | BusinessDesk

Jan. 30 (BusinessDesk) - Equitise, the country’s latest equity-crowdfunding platform, has launched today offering kiwis the chance to buy shares in digital travel guide company, Tourism Radio NZ. More >>

Orion shares fall to record low as billing delays dent sales

Friday, 30 January 2015, 10:34 am | BusinessDesk

Jan. 30 (BusinessDesk) - Orion Health Group shares fell to a record low after the healthcare management software developer said delays in settling contracts and paying bills in North America will weigh on second-half revenue. More >>

Wynyard missed 2014 revenue forecast due to payments timing

Friday, 30 January 2015, 10:02 am | BusinessDesk

Jan. 30 (BusinessDesk) - Wynyard Group, the security software firm, said 2014 annual revenue lagged its forecast as negotiations on a few key contracts dragged into the next financial year. More >>

GeoOp names Ben Foote as CEO, replacing Leanne Graham

Friday, 30 January 2015, 9:51 am | BusinessDesk

Jan. 30 (BusinessDesk) - GeoOp, whose software allows mobile businesses such as builders to manage their workforce, named Ben Foote as chief executive, replacing Leanne Graham, who resigned in September to take a new role leading the company’s push into the ... More >>

NZ dollar touches 4-year low as traders bet on RBNZ cuts

Friday, 30 January 2015, 8:52 am | BusinessDesk

NZ dollar touches fresh 4-year low as traders bet on RBNZ interest rate cuts More >>

While you were sleeping: McDonald’s, Boeing rally

Friday, 30 January 2015, 7:59 am | BusinessDesk

Jan. 30 (BusinessDesk) - Wall Street advanced, as did the US dollar, amid optimism about the outlook for the economy and corporate profits in the US. More >>

MARKET CLOSE: NZX 50 falls from record; MRP, Spark drop

Thursday, 29 January 2015, 5:56 pm | BusinessDesk

MARKET CLOSE: NZX 50 falls from record as investors shed yield stocks after RBNZ comments More >>

Fonterra's reduced milk volume forecast may help lift prices

Thursday, 29 January 2015, 5:36 pm | BusinessDesk

Jan. 29 (BusinessDesk) - Fonterra Cooperative Group’s 3.3 percent reduction in its milk volume forecast for the 2014-2015 season may provide a lift for depressed global dairy prices, Westpac Banking Corp economists say. More >>

NZ dollar drops after RBNZ abandons bias to raise rates

Thursday, 29 January 2015, 5:31 pm | BusinessDesk

Jan. 29 (BusinessDesk) - The New Zealand dollar dropped, touching a four-year low, after the Reserve Bank abandoned its bias for raising interest rates and said a rate cut was a possibility. More >>

NZ Oil & Gas to return $63.2M of excess cash

Thursday, 29 January 2015, 4:56 pm | BusinessDesk

Jan. 29 (BusinessDesk) - New Zealand Oil & Gas, the listed energy explorer, will return $63.2 million of excess cash to shareholders after gaining final High Court orders allowing it to proceed with the plan. More >>

Americans the biggest buyers of NZ land since 2010: Linz

Thursday, 29 January 2015, 4:48 pm | BusinessDesk

Jan. 29 (BusinessDesk) - Americans have been the biggest buyers of New Zealand land in the past five years although the Chinese topped the list in 2014 alone. More >>

Xero names US-based Douglas Jeffries as CFO

Thursday, 29 January 2015, 4:39 pm | BusinessDesk

Jan. 29 (BusinessDesk) - Xero, the cloud-based accounting software firm, named US-based Douglas Jeffries as its new chief financial officer, replacing Ross Jenkins who will take on the new role of chief operating officer responsible for field operations. More >>

UPDATED: Briscoe considers customer loyalty programme

Thursday, 29 January 2015, 4:36 pm | BusinessDesk

Jan. 29 (BusinessDesk) - Briscoe Group, which operates the Briscoes, Rebel Sports, and Living & Giving stores in New Zealand, may introduce a customer loyalty programme this year to stoke growth in online sales. More >>

Fonterra drops forecast milk volumes by 3.3 percent

Thursday, 29 January 2015, 2:51 pm | BusinessDesk

Jan. 29 (BusinessDesk) - Fonterra Cooperative Group, the world’s largest dairy exporter, reduced its milk volume forecast for the 2014-2015 season by 3.3 per cent due to the impact of dry weather on production in recent weeks. More >>

NZ venison, lamb ventures win $41 mln of funding under PGP

Thursday, 29 January 2015, 1:44 pm | BusinessDesk

Jan. 29 (BusinessDesk) - Two projects to develop premium markets for New Zealand venison and lamb have won a total of $41 million in government and industry co-funding under the Primary Growth Partnership. More >>

NZ posts first trade deficit for December in 4 years

Thursday, 29 January 2015, 10:54 am | BusinessDesk

Jan. 29 (BusinessDesk) - New Zealand posted its first trade deficit for a December month in four years as aircraft and mobile phones boosted imports while declining milk powder prices pulled down exports. More >>

Housing affordability drops 14%, driven by Auckland prices

Thursday, 29 January 2015, 10:53 am | BusinessDesk

Jan. 29 (BusinessDesk) - Housing affordability across New Zealand fell 14 percent in the year ending November 2014, with Auckland’s lack of affordability set to reach levels it hit during the height of the global financial crisis, according to ... More >>

NZ dollar drops to 4-year low as RBNZ shifts into neutral

Thursday, 29 January 2015, 10:44 am | BusinessDesk

NZ dollar drops to 4-year low, swap rates fall after central bank shifts into neutral More >>

Briscoe lifts fourth quarter sales with aggressive discounts

Thursday, 29 January 2015, 10:39 am | BusinessDesk

Jan. 29 (BusinessDesk) - Briscoe Group, which operates the Briscoes, Rebel Sports, and Living & Giving chains, said sales rose 2.9 percent to $167.4 million in its fourth quarter despite tough trading conditions that led to aggressive discounting. More >>



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