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 1005]
While you were sleeping: Solid US eco data
Friday, 2 May 2014, 7:46 am | BusinessDesk
May 2 (BusinessDesk) – Wall Street was mixed, with the Dow Jones slipping from the previous day’s record-high close, as investors awaited the government’s monthly employment data due Friday. More >>
MARKET CLOSE NZ stocks fall from record; ANZ drops
Thursday, 1 May 2014, 5:31 pm | BusinessDesk
May 1 (BusinessDesk) – New Zealand’s NZX 50 Index fell from a record. Australia and New Zealand Banking Group declined after lifted first-half earnings and a2 Milk Co fell after its manufacturing partner said it would take a month to meet new Chinese ... More >>
NZ dollar holds gains after flat Chinese manufacturing
Thursday, 1 May 2014, 5:09 pm | BusinessDesk
May 1 (BusinessDesk) - The New Zealand dollar held gains in local trading as tepid Chinese manufacturing figures failed to dent support for a currency that had gained after figures showed slower than expected US economic growth in the first quarter. More >>
Synlait misses out in first round of Chinese regulation
Thursday, 1 May 2014, 3:28 pm | BusinessDesk
May 1 (BusinessDesk) – Synlait Milk, the dairy processor which counts China’s Bright Dairy as a cornerstone shareholder, missed out in the first round of approvals under China’s new regulation of imported infant formula as it waits for the completion ... More >>
Comvita annual earnings pip 2013, meeting guidance
Thursday, 1 May 2014, 3:20 pm | BusinessDesk
May 1 (BusinessDesk) - Comvita, which makes health products from manuka honey, said annual earnings and revenue eclipsed 2013, meeting guidance, as recent apiary acquisitions improved its security of supply. The shares fell. More >>
Nutricia acquisitions among first to get China registration
Thursday, 1 May 2014, 12:47 pm | BusinessDesk
May 1 (BusinessDesk) – Sutton Group and Gardians, the dairy manufacturers acquired by Danone’s Nutricia arm, are among infant formula companies to gain registration to export to China under that nation’s new food safety regulations. More >>
Jade Software eyes global dominance for Master Terminal
Thursday, 1 May 2014, 12:35 pm | BusinessDesk
April 30 (BusinessDesk) - Jade Software, which took its intelligence software developer Wynyard Group public last year, has grand designs for its Master Terminal business to become the world’s top supplier of operating systems for mixed cargo ports. More >>
Maurice Williamson resigns as Minister over calls to police
Thursday, 1 May 2014, 11:33 am | BusinessDesk
May 1 (BusinessDesk) - Maurice Williamson has resigned as minister of building, land information, customs and statistics after revelations he called a high-ranking police officer in connection with Chinese businessman Donghua Liu, who had been arrested ... More >>
ANZ NZ records biggest 1H profit gain among Oz group's units
Thursday, 1 May 2014, 11:05 am | BusinessDesk
May 1 (BusinessDesk) - ANZ New Zealand posted a 27 percent gain in first-half cash profit, recording the biggest gain among the four operating divisions of Australia’s third-largest lender after growing its home loan book and cutting costs. More >>
NZX cash market trading value falls in first quarter
Thursday, 1 May 2014, 10:13 am | BusinessDesk
NZX cash market trading value falls in first quarter as rise in smaller transactions lifts volume More >>
Mighty River Power taps company insider Whineray as CEO
Thursday, 1 May 2014, 9:34 am | BusinessDesk
May 1 (BusinessDesk) - Mighty River Power, whose shares have been below their listing price since May last year, named company insider Fraser Whineray as chief executive when long-serving CEO Doug Heffernan leaves at the end of August. More >>
NZ dollar climbs after slower than expected US growth
Thursday, 1 May 2014, 8:47 am | BusinessDesk
May 1 (BusinessDesk) - The New Zealand dollar climbed above 86 US cents after the harsh US winter slowed growth more than expected in the world’s biggest economy and the Federal Reserve continued to trim its money printing programme. More >>
While you were sleeping: Fed lifts stocks, bonds
Thursday, 1 May 2014, 7:39 am | BusinessDesk
May 1 (BusinessDesk) – US equities and bonds gained after the Federal Reserve indicated it will keep interest rates low for “a considerable time,” while also pointing to a pick-up in the economy. More >>
MARKET CLOSE: NZX 50 soars to record; Xero, power coys gain
Wednesday, 30 April 2014, 5:44 pm | BusinessDesk
April 30 (BusinessDesk) – The NZX 50 Index climbed to a record as a new US partner for Xero saw investors return to the sold-off stock, while high-yield power companies MightyRiverPower, Contact Energy, Meridian Energy and Genesis Energy paced gains. More >>
NZ dollar heads for 1.3% monthly decline
Wednesday, 30 April 2014, 5:03 pm | BusinessDesk
NZ dollar heads for 1.3% monthly decline as Ukraine erodes confidence, Fed review looms More >>
NZ Oil & Gas 'cautiously optimistic' on Pateke expansion
Wednesday, 30 April 2014, 2:17 pm | BusinessDesk
April 30 (BusinessDesk) – New Zealand Oil & Gas is ramping up spending in exploration and evaluation as it looks to find replacements for its Kupe and Tui oil and gas fields. More >>
NZ business confidence extends slide from 20-year high
Wednesday, 30 April 2014, 1:34 pm | BusinessDesk
NZ business confidence extends slide from 20-year high in the face of rising interest rates April 30 (BusinessDesk) - New Zealand business confidence extended its slide from a 20-year high, while remaining at elevated levels, amid expectations the central ... More >>
Woolworths’ NZ supermarket sales barely budge in 3rd qtr
Wednesday, 30 April 2014, 12:57 pm | BusinessDesk
Woolworths’ NZ supermarket sales barely budge in 3rd qtr in face of ‘subdued, competitive’ market More >>
NZ residential building consents rise 1.3% in March
Wednesday, 30 April 2014, 11:42 am | BusinessDesk
NZ residential building consents rise 1.3 percent in March to six-and-a-half year high More >>
Xero shares climb 11% as cash burn slows in first quarter
Wednesday, 30 April 2014, 10:52 am | BusinessDesk
April 30 (BusinessDesk) - Shares in Xero climbed 11 percent after the accounting software developer said it slowed the pace of cash outflow in the first three months of the year. More >>
