BusinessDesk - Latest News [Page 1]

Dairy prices way below 'fair' value, must rebound: Spierings

Sunday, 26 October 2014, 4:06 pm | BusinessDesk

Oct. 26 (BusinessDesk) - Current dairy commodity prices are now well below "fair" expectations of price among global dairy producers, says Fonterra's chief executive, Theo Spierings. More >>

World Week Ahead: Fed to rule on end of QE3 on Tuesday

Sunday, 26 October 2014, 12:25 pm | BusinessDesk

Oct. 26 (BusinessDesk) - A US Federal Reserve meeting and a slew of earnings including from Exxon Mobil and Facebook will help set the tone in the coming days after Wall Street posted the largest rally since early 2013 last week. More >>

MARKET CLOSE: NZX 50 rises to record, led by Sky TV on rugby

Friday, 24 October 2014, 5:33 pm | BusinessDesk

MARKET CLOSE: NZX 50 rises to record, led by Sky TV on rugby rights; Spark, Ebos gain More >>

NZ dollar heads for 0.9% weekly drop

Friday, 24 October 2014, 5:13 pm | BusinessDesk

NZ dollar heads for 0.9% weekly drop as inflation pushes out rate hike timeframe More >>

Dorchester closes oversubscribed $30M capital raise

Friday, 24 October 2014, 4:05 pm | BusinessDesk

Oct. 24 (BusinessDesk) - Dorchester Pacific, the finance company midway through a takeover for Turners Group, has closed its $30 million capital raising saying the offer was oversubscribed. More >>

NZX says it doesn't know why shares have declined

Friday, 24 October 2014, 3:59 pm | BusinessDesk

Oct. 24 (BusinessDesk) - NZX, the stock market operator, said it doesn't know why its share price has declined, in response to a query from its disciplinary arm. More >>

Sky TV to launch $20/month subscription ondemand service

Friday, 24 October 2014, 3:50 pm | BusinessDesk

Oct. 24 (BusinessDesk) - Sky Network Television, the country's dominant pay-TV operator, will launch a new $20 a month subscription video ondemand service, Neon, in December, targeting non-Sky customers as it faces intensifying competition for viewers. More >>

Cavalier shares drop 10% after profit warning

Friday, 24 October 2014, 3:48 pm | BusinessDesk

Oct. 24 (BusinessDesk) - Shares of Cavalier Corp dropped 10 percent after the carpet maker warned it will probably miss earnings guidance due to a strong kiwi dollar against its Australian counterpart and a high price of wool. More >>

Sky TV sees annual profit gain of up to 8.6% in 2015

Friday, 24 October 2014, 1:47 pm | BusinessDesk

Sky TV sees annual profit gain of up to 8.6% in 2015, flags new ondemand service More >>

Heartland NZ chief risk officer resigns

Friday, 24 October 2014, 12:43 pm | BusinessDesk

Oct. 24 (BusinessDesk) - Heartland New Zealand, the bank which formed after the merger of Canterbury and Southern Cross building societies and Marac Finance, has lost its chief risk officer Mark Mountcastle. More >>

DNZ revalues portfolio by $10.7 million

Friday, 24 October 2014, 11:59 am | BusinessDesk

Oct. 24 (BusinessDesk) - DNZ Property Fund, the listed property investor, boosted its portfolio value by $10.7 million in the first half and has leased over three quarters of its new Auckland mall. More >>

DNZ revalues portfolio up by $10.7 million

Friday, 24 October 2014, 11:58 am | BusinessDesk

Oct. 24 (BusinessDesk) - DNZ Property Fund, the listed property investor, boosted its portfolio value by $10.7 million in the first half and has leased over three quarters of its new Auckland mall. More >>

Sealegs turns first-half profit

Friday, 24 October 2014, 11:51 am | BusinessDesk

Oct. 24 (BusinessDesk) - Sealegs Corp, which makes amphibious boats, turned a first-half profit after strong local demand underpinned a pick-up in sales, and as it taps new markets in South America. More >>

CORRECT: Jade chases growth of 30-50% for Master Terminal

Friday, 24 October 2014, 11:04 am | BusinessDesk

Oct. 23 (BusinessDesk) - Jade Software, which took its intelligence software developer Wynyard Group public last year, is chasing annual growth of between 30 and 50 percent from its Master Terminal port management software business, which is latching on ... More >>

NZ trade deficit widens in Sept amid lower log, dairy prices

Friday, 24 October 2014, 10:57 am | BusinessDesk

Oct. 24 (BusinessDesk) - New Zealand's monthly trade deficit widened more than expected in September as falling prices for logs and dairy products weighed on exports while imports were boosted by an incoming aircraft. More >>

Sky TV signs conditional deal to renew rugby rights

Friday, 24 October 2014, 10:10 am | BusinessDesk

Oct. 24 (BusinessDesk) - Sky Network Television, New Zealand's dominant pay-TV company, has signed a conditional contract to renew its five-year deal with the New Zealand Rugby Union and the SANZAR unions for an undisclosed amount. The shares rose to a ... More >>

Jade Software chases growth of 30-50% for Master Terminal

Friday, 24 October 2014, 10:07 am | BusinessDesk

Oct. 23 (BusinessDesk) - Jade Software, which took its intelligence software developer Wynyard Group public last year, is chasing annual growth of between 30 and 50 percent from its Master Terminal port management software business, which is latching on ... More >>

NZ dollar drops to week-low as lower inflation seen weighing

Friday, 24 October 2014, 8:45 am | BusinessDesk

Oct. 24 (BusinessDesk) - The New Zealand dollar declined to a week-low after data yesterday showed inflation accelerated at a slower than expected pace in the third quarter, suggesting interest rates may stay at current levels for longer. More >>

While you were sleeping: 3M, Caterpillar lift mood

Friday, 24 October 2014, 7:46 am | BusinessDesk

Oct. 24 (BusinessDesk) - Wall Street climbed, lifted by better-than-expected earnings from 3M and Caterpillar, and renewed optimism that the US economy might sustain its pace of recovery. More >>

Auckland Airport's duty free told to drop the hard sell

Thursday, 23 October 2014, 5:49 pm | BusinessDesk

Oct. 23 (BusinessDesk) - Auckland International Airport, the country’s main gateway, said it had talked to its two duty free retailers following what it called “over-zealous competition” at the airport. More >>

 

 

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