BusinessDesk - Latest News [Page 1]

MARKET CLOSE: NZ shares rise as investors hunt yield

Wednesday, 3 September 2014, 5:49 pm | BusinessDesk

Sept. 3 (BusinessDesk) - New Zealand shares rose, paced by Meridian Energy and Tower, as investors sought out higher yields amid rising political uncertainty ahead of this month's general election. More >>

NZ dollar falls as US, Aust economic data weighs

Wednesday, 3 September 2014, 5:20 pm | BusinessDesk

Sept. 3 (BusinessDesk) - The New Zealand dollar fell as upbeat US and Australian economic data sapped demand for the kiwi, and after another drop in dairy prices eroded confidence in the strength of the nation's biggest export commodity. More >>

Fonterra food safety practice still improving, says report

Wednesday, 3 September 2014, 4:05 pm | BusinessDesk

Sep. 3 (BusinessDesk) - Fonterra Cooperative Group, the world's biggest dairy exporter, is on track in lifting the quality of its food safety processes, nine months after an independent review into its handling of last year's false alarm food scare. More >>

Seeka offers kiwifruit growers share incentive for supply

Wednesday, 3 September 2014, 3:17 pm | BusinessDesk

Sept. 3 (BusinessDesk) - Seeka Kiwifruit Industries, the fruit grower and coolstore and packhouse operator, is looking to secure kiwifruit supply over the next three years by offering growers shares in return for exclusive supply from their orchards. More >>

Labour-Greens closing on National in latest Roy Morgan poll

Wednesday, 3 September 2014, 3:11 pm | BusinessDesk

Sept. 3 (BusinessDesk) - Just three percentage points separate the governing National Party from the combined vote of Labour and Green party supporters in the latest Roy Morgan opinion poll, its second to last before polling day, Sept. 20. More >>

Kordia turns to a loss in 2014

Wednesday, 3 September 2014, 2:35 pm | BusinessDesk

Kordia turns to a loss on difficult trading in Australia, end of NZ analogue revenue More >>

NZ building work activity edges up in June quarter

Wednesday, 3 September 2014, 11:14 am | BusinessDesk

Sept. 3 (BusinessDesk) - New Zealand building work edged up in the second quarter as increased activity in non-residential construction offset flat activity in housing. More >>

Auckland house sales drop in August

Wednesday, 3 September 2014, 10:54 am | BusinessDesk

Sept. 3 (BusinessDesk) - Auckland house sales fell for a third month in August and the number of listings remained muted in the tail-end of winter and lead-up to this month's general election, according to realtor Barfoot & Thompson. More >>

Rural Equities doubles annual profit

Wednesday, 3 September 2014, 10:47 am | BusinessDesk

Sept. 3 (BusinessDesk) - Rural Equities, the farming group controlled by the Cushing family, doubled annual profit and lifted its dividend 17 percent on the back of record dairy production and prices. More >>

NZX trading volumes rise in August, as equity offsets debt

Wednesday, 3 September 2014, 10:22 am | BusinessDesk

NZX trading volumes rise in August, as increase in equity trades outweigh decline in debt trading More >>

Kirkcaldie sees narrower loss on retail, may need impairment

Wednesday, 3 September 2014, 9:29 am | BusinessDesk

Sept. 3 (BusinessDesk) - Kirkcaldie & Stains, the upmarket Wellington department store, says it made a narrower loss in the latest financial year, and its board may have to write down the value of assets. More >>

NZ dollar slips below 83 US cents on fall in dairy prices

Wednesday, 3 September 2014, 8:32 am | BusinessDesk

NZ dollar slips below 83 US cents on fall in dairy prices, upbeat US data More >>

While you were sleeping: Wall Street rally pauses

Wednesday, 3 September 2014, 7:32 am | BusinessDesk

Sep. 3 (BusinessDesk) - Wall Street fell, pushing the Standard & Poor’s 500 Index down from its record-high close, as shares of Home Depot dropped on reports of a credit card data breach, while those of Chevron slipped with the price of oil. More >>

Dairy product prices decline to lowest since July 2012

Wednesday, 3 September 2014, 5:46 am | BusinessDesk

Sep. 3 (BusinessDesk) - Dairy product prices dropped to the lowest level since July 2012 in the latest GlobalDairyTrade auction, led by a slump in rennet casein and butter milk powder. More >>

Forte Funds share purchases prompt disclosure notices

Tuesday, 2 September 2014, 6:45 pm | BusinessDesk

Sep. 2 (BusinessDesk) - Recent purchases by four-month old Forte Funds Management, run by former deputy head of equities AMP Capital John Phipps and ex-Harbour Asset Management strategist Darryl Briggs, has prompted disclosure notices from Skellerup ... More >>

Lee Tamahori seeks $500k through crowd-funding

Tuesday, 2 September 2014, 6:42 pm | BusinessDesk

Sept. 2 (BusinessDesk) - A new film to be directed by Lee Tamahori is hoping to raise the final 5.3 percent of its $9.4 million budget via equity crowd funding on the Snowball Effect platform, offering investors preferred shares with a 20 percent per ... More >>

MARKET CLOSE: NZ shares rise, led by A2, Ebos, Fletcher

Tuesday, 2 September 2014, 5:33 pm | BusinessDesk

Sept. 2 (BusinessDesk) - New Zealand shares rose, led by A2 Milk Co, Ebos Group and Fletcher Building, as companies with Australian business benefited from a falling kiwi dollar. More >>

Australian dollar above 'fundamental value', RBA says

Tuesday, 2 September 2014, 5:18 pm | BusinessDesk

Sept. 2 (BusinessDesk) - The Reserve Bank of Australia strengthened its language on the Australian dollar, saying the currency was high relative to fundamental value, while at the same time sounding more upbeat about the local economy. More >>

NZ dollar little changed vs. A$ as RBA keeps rates on hold

Tuesday, 2 September 2014, 5:16 pm | BusinessDesk

Sept. 2 (BusinessDesk) - The New Zealand dollar was little changed against its trans-Tasman counterpart after the Reserve Bank of Australia kept rates on hold, while becoming a little more pessimistic about the nation's labour market. More >>

SFO charges MightyRiverPower engineer with $2 mln fraud

Tuesday, 2 September 2014, 2:56 pm | BusinessDesk

Sept. 2 (BusinessDesk) - The Serious Fraud Office has charged a MightyRiverPower engineer of fraudulently issuing invoices totalling $2 million. More >>



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