BusinessDesk - Latest News [Page 1]

SLI co founder Geoff Brash resigns after reducing his stake

Wednesday, 1 October 2014, 6:32 pm | BusinessDesk

SLI co founder Geoff Brash resigns after reducing his stake at end of escrow period More >>

MARKET CLOSE: NZ shares rise as investors chase yield

Wednesday, 1 October 2014, 5:47 pm | BusinessDesk

Oct. 1 (BusinessDesk) - New Zealand stocks rose, paced by Spark New Zealand as investors were lured to the local bourse's relatively high yields. Infratil rose as it sealed the sale of its Australian energy assets and signalled a capital return. Genesis ... More >>

NZ dollar drops after weak Australian retail sales

Wednesday, 1 October 2014, 5:35 pm | BusinessDesk

Oct. 1 (BusinessDesk) - The New Zealand dollar fell against the greenback as weak retail data in Australia sapped investors' appetite for the trans-Tasman currencies, and as improving US data stokes demand for the world's reserve currency. More >>

NZX 50 outperforms Dow, Australian, European indices in Q3

Wednesday, 1 October 2014, 3:55 pm | BusinessDesk

Oct. 1 (BusinessDesk) - The NZX 50 Index outperformed its Australian, European and UK counterparts in the past quarter, s pushed higher by confidence after August's reporting season and a rally in listed electricity generator-retailers based on political ... More >>

KiwiSaver providers warned over sharp sales practises

Wednesday, 1 October 2014, 2:31 pm | BusinessDesk

The Financial Markets Authority has warned KiwiSaver providers over sharp sales practices following a doubling of the amount of money switched by customers into other schemes in the past year. More >>

Farmers are divided over Fonterra's guaranteed milk price

Wednesday, 1 October 2014, 11:47 am | BusinessDesk

Oct. 1 (BusinessDesk) - Fonterra Co-operative Group's guaranteed milk price scheme has stirred a mixed reaction from farmers. Some view it as just another risk management tool while others are against it, arguing a co-operative should have the same milk ... More >>

NZX offers milk forecasting services to dairy industry

Wednesday, 1 October 2014, 10:36 am | BusinessDesk

Oct. 1 (BusinessDesk) - NZX, which operates the New Zealand stock exchange and the dairy futures market, is offering a new service for the dairy industry to forecast local milk production and calculate milk prices. More >>

Infratil downgrades guidance after Australian energy assets

Wednesday, 1 October 2014, 10:08 am | BusinessDesk

Oct. 1 (BusinessDesk) - Infratil, the infrastructure investor, has lowered earnings guidance for the coming year by as much as $40 million, reflecting the sale of its Australian energy assets. More >>

PGC misses deadline to publish audited accounts

Wednesday, 1 October 2014, 9:51 am | BusinessDesk

Oct. 1 (BusinessDesk) - Pyne Gould Corp, the Guernsey-based asset management firm controlled by George Kerr, said it missed yesterday's deadline to submit its final audited accounts for the 2014 year to the stock exchange because of a delay in auditing ... More >>

NZ dollar gains vs. euro as weak inflation keeps ECB nervous

Wednesday, 1 October 2014, 8:49 am | BusinessDesk

Oct. 1 (BusinessDesk) - The New Zealand dollar rose against the euro as slowing European inflation prompted speculation of further stimulus from the European Central Bank. More >>

While you were sleeping: US consumer confidence drops

Wednesday, 1 October 2014, 8:04 am | BusinessDesk

Oct. 1 (BusinessDesk) - Wall Street slid after a report showed a surprise decline in US consumer confidence, while other data showed disappointing home prices and business conditions in the Midwest. More >>

MARKET CLOSE: NZ shares fall; Meridian, Genesis decline

Tuesday, 30 September 2014, 5:56 pm | BusinessDesk

Sept. 30 (BusinessDesk) - New Zealand shares fell on the last day of quarter as investors locked in profits from a 2.2 percent gain over the period. Meridian Energy and Genesis Energy paced the day's decline. More >>

Mega listing deadline given another extension

Tuesday, 30 September 2014, 5:47 pm | BusinessDesk

Sept. 30 (BusinessDesk) - The proposed backdoor listing for file storage and encryption firm Mega has been given another deadline for regulators to go through documents outlining the offer to shareholders of TRS Investments, the proposed vehicle for ... More >>

Synlait Milk gets Chinese infant formula accreditation

Tuesday, 30 September 2014, 5:14 pm | BusinessDesk

Sept. 30 (BusinessDesk) - Synlait Milk, which plans to take a quarter-stake in Sichuan New Hope Nutritional Foods Co to gain a direct interest in a Chinese infant formula brand, has been granted accreditation to manufacture retail-ready infant formula ... More >>

NZ dollar heads for 11% slump in Sept quarter

Tuesday, 30 September 2014, 5:10 pm | BusinessDesk

Sept. 30 (BusinessDesk) - The New Zealand dollar is heading for an 11 percent slump in the September quarter as global demand for the greenback has rallied on the prospect of rising US interest rates next year, and as the Reserve Bank of New Zealand confirmed ... More >>

Next Capital's Vitaco the latest to settle MCN tax dispute

Tuesday, 30 September 2014, 3:34 pm | BusinessDesk

Sept. 30 (BusinessDesk) - Vitaco Health Group, the food supplements business majority owned by Australian private equity firm Next Capital, has cut a deal with the Inland Revenue Department which will see it give up $29.9 million of tax losses generated ... More >>

Air NZ's Luxon defends domestic regional air fares

Tuesday, 30 September 2014, 3:27 pm | BusinessDesk

Sept. 30 (BusinessDesk) - Air New Zealand chief executive Christopher Luxon has defended its pricing on domestic regional routes, saying it's one of only a few airlines in the world servicing as many smaller towns as it does, and that such routes are often ... More >>

NZ business confidence falls to 2-year low

Tuesday, 30 September 2014, 2:44 pm | BusinessDesk

Sept. 30 (BusinessDesk) - New Zealand business confidence declined for a seventh month in September, to the lowest level in more than two years, as election uncertainty added to concerns about slowing economic growth, according to ANZ Bank's latest Business ... More >>

FMA warns New Zealanders to steer clear of General Equity

Tuesday, 30 September 2014, 1:16 pm | BusinessDesk

Sept. 30 (BusinessDesk) - The Financial Markets Authority has warned New Zealanders to exercise "extreme caution" when dealing with building society General Equity and has ordered the company to display the regulator's warning on its website. More >>

NZ building consents flatline in August

Tuesday, 30 September 2014, 12:01 pm | BusinessDesk

Sept. 30 (BusinessDesk) - New Zealand building consents held steady in August from a month earlier, underpinned by approvals for apartments and retirement village units. More >>



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