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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 1004]
NZ Dollar Outlook: Kiwi may retreat from elevated levels
Monday, 5 May 2014, 1:03 pm | BusinessDesk
May 5 (BusinessDesk) – The New Zealand dollar may decline this week, weighed down by tensions in Ukraine, an improving US economy after spiking higher following US jobs data on Friday. More >>
InvoCare’s Bledisloe unit seeks clearance to expand in NZ
Monday, 5 May 2014, 11:40 am | BusinessDesk
May 5 (BusinessDesk) – Bledisloe New Zealand, the local funeral services arm of Australia’s largest undertakers InvoCare, has sought antitrust clearance to buy the 70-year-old Cremation Society of Canterbury adding two crematoriums to its New ... More >>
Auckland house sales plunge 24% in April
Monday, 5 May 2014, 11:34 am | BusinessDesk
May 5 (BusinessDesk) - Auckland house sales dropped by almost a quarter in April from a year earlier as rising interest rates and restrictions on low-deposit mortgage lending weigh on demand, according to Barfoot & Thompson, the city’s biggest ... More >>
Westpac NZ first-half earnings rise 17% as impairments fall
Monday, 5 May 2014, 10:21 am | BusinessDesk
May 5 (BusinessDesk) - Westpac Banking Corp’s New Zealand unit lifted first-half cash earnings 17 percent as it took fewer charges on impaired loans and kept a lid on operating expenses. More >>
Serko, mulling listing, names Simon Botherway as chair
Monday, 5 May 2014, 9:45 am | BusinessDesk
May 5 (BusinessDesk) – Serko, the online business travel booking company that has considered going public with an NZX listing, named Simon Botherway as chairman and tapped two other independent directors. More >>
NZ share trading volumes rise for 20th month in April
Monday, 5 May 2014, 9:01 am | BusinessDesk
May 5 (BusinessDesk) - The volume of share trading rose for a 20th month in April, when the government completed its partial privatisation programme with the listing of Genesis Energy, though the value of activity fell for a fifth month. More >>
NZ dollar rises to 3-week high on investor demand for yield
Monday, 5 May 2014, 8:56 am | BusinessDesk
May 5 (BusinessDesk) – The New Zealand dollar jumped to a three-week high as investors were lured to the nation’s higher growth and better yields. More >>
World Week Ahead: Yellen testifies to Congress
Monday, 5 May 2014, 7:48 am | BusinessDesk
May 5 (BusinessDesk) – Investors will eye US Federal Reserve Chair Janet Yellen’s testimony to Congress this week in the wake of unexpectedly strong jobs growth last month and monitor the latest earnings from companies including Pfizer and Walt Disney. More >>
MARKET CLOSE: NZ stocks climb led by Pacific Edge on gong
Friday, 2 May 2014, 5:35 pm | BusinessDesk
May 2 (BusinessDesk) – New Zealand stocks rose led by Pacific Edge after the biotech firm was named NZBIO’s top bioscience company. Ryman Healthcare Group paced gains on plans for a new Auckland village. More >>
US employment report awaited to drive global sentiment
Friday, 2 May 2014, 5:35 pm | BusinessDesk
May 2 (BusinessDesk) - The New Zealand dollar was little changed ahead of US employment data after figures earlier this week showed the world’s biggest economy barely grew in the first three months of the year. More >>
Property developer wins appeal over heritage building demo
Friday, 2 May 2014, 3:51 pm | BusinessDesk
May 2 (BusinessDesk) - Wellington property developer Mark Dunajtschik has been granted a rehearing after winning an appeal against an Environment Court ruling preventing him from demolishing a heritage building in need of earthquake strengthening. More >>
Ironsands miner gets mining permit as EPA hearings continue
Friday, 2 May 2014, 2:32 pm | BusinessDesk
May 2 (BusinessDesk) – Would-be offshore ironsands miner TransTasman Resources has been granted a mining permit to extract titano-magnetite sands some 22 to 36 kilometres off the coast of Patea, in the Exclusive Economic Zone. More >>
CORRECT – Ryman secures North Shore land from Ngati Whatua
Friday, 2 May 2014, 2:30 pm | BusinessDesk
May 2 (BusinessDesk) – Ryman Healthcare, the retirement village operator and builder, has entered into a long-term lease with Auckland iwi Ngati Whatua Orakei to develop a new 300-resident development on former navy land valued at $6.8 million on Auckland's ... More >>
Briscoe lifts first-quarter sales 5.7%, fattens margins
Friday, 2 May 2014, 2:28 pm | BusinessDesk
May 2 (BusinessDesk) – Briscoe Group, the homewares and sporting goods chain, said first quarter sales rose 5.7 percent on improvements in its marketing strategy and said it expects more profit growth with wider margins. More >>
Ryman buys North Shore land from Ngati Whatua Orakei
Friday, 2 May 2014, 1:31 pm | BusinessDesk
May 2 (BusinessDesk) – Ryman Healthcare, the retirement village operator and builder, has bought former navy land valued at $6.8 million from Auckland iwi Ngati Whatua Orakei for a new 300-resident development on Auckland’s North Shore. More >>
Commodity index falls to eight-month low in April on dairy
Friday, 2 May 2014, 1:23 pm | BusinessDesk
May 2 (BusinessDesk) - New Zealand commodity prices fell for a second month in April, with dairy leading the decline. More >>
NZEC scales back, warns of ‘significant doubt’ on future
Friday, 2 May 2014, 11:44 am | BusinessDesk
May 2 (BusinessDesk) – Small-scale Taranaki oil and gas producer New Zealand Energy Corp has warned “there is significant doubt about the company’s ability to continue as a going concern” if a range of production initiatives currently under way fail ... More >>
NZVIF makes ‘healthy return’ on GreenButton sale
Friday, 2 May 2014, 10:19 am | BusinessDesk
May 2 (BusinessDesk) – The New Zealand Venture Investment Fund, the Crown-funded start-up investor, says it secured a profit from the sale of cloud-based computing firm GreenButton. More >>
Westland Milk gets export accreditation into China
Friday, 2 May 2014, 10:04 am | BusinessDesk
May 2 (BusinessDesk) - Westland Milk, the Hokitika-based dairy cooperative, has received accreditation to export products into China, joining the five manufacturers named yesterday. More >>
NZ dollar edges up as market latches on to weak US job news
Friday, 2 May 2014, 9:01 am | BusinessDesk
NZ dollar edges up as market latches on to weaker US employment data May 2 (BusinessDesk) - The New Zealand dollar edged up as investors latched on to weaker than expected US employment data, after figures earlier this week showed soft economic growth in ... More >>
