Scoop has an Ethical Paywall
BusinessDesk
Independent, Trustworthy New Zealand Business News
The Wellington-based BusinessDesk team provides a daily news feed for a serious business audience.
BusinessDesk - Latest News [Page 1001]
RBNZ to keep LVR limits until late this year, Spencer says
Friday, 9 May 2014, 9:20 am | BusinessDesk
May 9 (BusinessDesk) - The Reserve Bank won’t start lifting restrictions on home loans with small deposits any earlier than late in the year, with the limits cooling demand in the country’s housing market, deputy governor Grant Spencer says. More >>
Improving Aussie outlook pushes NZ dollar to week low
Friday, 9 May 2014, 8:59 am | BusinessDesk
May 9 (BusinessDesk) – The New Zealand dollar dropped to its lowest in more than a week against the Australian currency on improving economic prospects across the Tasman. More >>
While you were sleeping: Draghi flags possible rate cut
Friday, 9 May 2014, 7:38 am | BusinessDesk
May 9 (BusinessDesk) – European stocks climbed while the euro slid against the US dollar as European Central Bank President Mario Draghi signalled a potential interest rate cut next month. More >>
CORRECT Intueri to list at $2.35, the lower end of the range
Thursday, 8 May 2014, 7:07 pm | BusinessDesk
CORRECT: Intueri to list at $2.35, the lower end of its range, as Arowana holds onto maximum amount More >>
UPDATE: Ocean ironsands mining application placed on hold
Thursday, 8 May 2014, 6:49 pm | BusinessDesk
May 8 (BusinessDesk) – Expectations of a decision within 20 days on TransTasman Resources’ application to mine ironsands on the seabed in the Exclusive Economic Zone have gone on hold as the five member decision-making committee considering the ... More >>
MARKET CLOSE: NZ shares as poll weighs on power companies
Thursday, 8 May 2014, 5:37 pm | BusinessDesk
May 8 (BusinessDesk) – New Zealand shares fell after a political poll showed dwindling support for the incumbent National-led administration, and weighing on power companies exposed to regulatory risk under a change of government. Contact Energy lead the ... More >>
Capital markets veteran Rob Cameron goes into bat for Feltex
Thursday, 8 May 2014, 5:34 pm | BusinessDesk
May 8 (BusinessDesk) – Capital markets veteran Rob Cameron told the Feltex Carpets shareholder lawsuit that he disagreed with allegations the failed manufacturer misled investors in its 2004 prospectus or left out information that might have scared them ... More >>
NZ dollar falls to week-low vs. A$ on Australian jobs growth
Thursday, 8 May 2014, 5:05 pm | BusinessDesk
May 8 (BusinessDesk) - The New Zealand dollar fell to a week-low against its trans-Tasman counterpart after Australia added more jobs than expected last month and as Chinese trade figures were unexpectedly upbeat. More >>
BNZ grabs more agribusiness lending, upbeat on rural sector
Thursday, 8 May 2014, 4:05 pm | BusinessDesk
May 8 (BusinessDesk) - Bank of New Zealand, the local unit of National Australia Bank, continued to grab more market share of agribusiness lending and is upbeat on the prospects for the rural sector. More >>
Ironsands miner TransTasman ‘staggered’ by EPA report
Thursday, 8 May 2014, 3:11 pm | BusinessDesk
May 8 (BusinessDesk) – TransTasman Resources has urged a five-person decision-making committee considering its application to mine ironsands off the southern Taranaki coast to ignore a report prepared on the application by staff at the Environmental ... More >>
APN earnings lag 2013 on flat ad agency spending
Thursday, 8 May 2014, 2:14 pm | BusinessDesk
May 8 (BusinessDesk) - APN News & Media, the Australian publisher of The New Zealand Herald newspaper and owner of The Radio Network, says earnings are lagging last year with flat advertising spending falling short of expectations and weighing ... More >>
Intueri to list at $2.35 as Arowana holds onto maximum stake
Thursday, 8 May 2014, 1:51 pm | BusinessDesk
Intueri to list at $2.35, the lower end of its range, as Arowana holds onto maximum amount More >>
NZ house values rise at slowest annual pace in seven months
Thursday, 8 May 2014, 12:48 pm | BusinessDesk
NZ house values rise at slowest annual pace in seven months in April, QV says More >>
Craigs downgrades Fletcher on slow Canterbury rebuild
Thursday, 8 May 2014, 12:37 pm | BusinessDesk
May 8 (BusinessDesk) – Fletcher Building, which holds the mandate managing the Earthquake Commission’s repair programme in Christchurch, faces the prospect of sharply lower earnings than previously forecast because of a slower Canterbury rebuild, ... More >>
CORRECT: Argosy sells Auckland property for $10.4 million
Thursday, 8 May 2014, 12:32 pm | BusinessDesk
May 8 (BusinessDesk) – Argosy Property, the fourth-largest listed property investor on the NZX by market value, has sold its underperforming Mount Wellington property in Auckland for $10.4 million. More >>
Argosy sells Auckland property for $10.4 million
Thursday, 8 May 2014, 11:55 am | BusinessDesk
May 8 (BusinessDesk) – Argosy Property, the fourth-largest listed property investor on the NZX by market value, has sold its underperforming Mount Auckland property for $10.4 million. More >>
Rakon shares drop as 2014 loss widens on writedowns
Thursday, 8 May 2014, 11:47 am | BusinessDesk
Rakon shares drop 4.6% as 2014 loss widens to $79.9 million on asset writedowns, depreciation More >>
Z Energy improves fuel margins, still losing market share
Thursday, 8 May 2014, 10:59 am | BusinessDesk
May 8 (BusinessDesk) – Earnings results for the year to March 31 show Z Energy continues to improve profit margins on fuel sales while ceding market share, and coping with a poor year’s performance from its shareholding in the Marsden Point ... More >>
BNZ first-half earnings rise 3.4 percent
Thursday, 8 May 2014, 10:56 am | BusinessDesk
BNZ first-half earnings rise 3.4 percent as charges on bad debts decline, business lending grows More >>
Mercer halves full-year earnings forecast
Thursday, 8 May 2014, 10:18 am | BusinessDesk
May 8 (BusinessDesk) – Mercer Group, the stainless steel fabricator, cut its full year earnings guidance in half after slower than expected sales growth and higher staff costs in anticipation of future growth. More >>
