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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 1006]
Diligent files 2013 report, says CFO Blandino to leave
Wednesday, 30 April 2014, 10:28 am | BusinessDesk
April 30 (BusinessDesk) - Diligent Board Member Services filed its 2013 annual report after restating accounts for the prior three years and said chief financial officer Carl Blandino will step down once the company’s reporting obligations are up to ... More >>
Dorchester Pacific says FY profit rose almost five fold
Wednesday, 30 April 2014, 10:15 am | BusinessDesk
April 30 (BusinessDesk) - Dorchester Pacific, the finance company that avoided failure in 2010 by convincing investors to accept a debt-for-equity swap, said full-year profit rose more than five-fold, beating guidance. More >>
NZ Post to expand YouShop forward service to China
Wednesday, 30 April 2014, 9:25 am | BusinessDesk
NZ Post to expand YouShop to China after luring 82,000 customers to forwarding service More >>
OceanaGold 1Q profit soars as Didipio operation ramps up
Wednesday, 30 April 2014, 9:10 am | BusinessDesk
April 30 (BusinessDesk) - OceanaGold, which operates the Macraes goldfield in Otago, boosted first-quarter profit by 730 percent as its Didipio operation in the Philippines came on steam with new gold and copper production. More >>
NZ dollar gains vs. euro after weaker German inflation
Wednesday, 30 April 2014, 8:44 am | BusinessDesk
April 30 (BusinessDesk) - The New Zealand dollar gained against the euro after weaker-than-expected German inflation, stoking speculation prices may also be weaker across the Eurozone and adding to pressure on the European central Bank to act to weaken its currency. More >>
While you were sleeping: Merck, Sprint surprise
Wednesday, 30 April 2014, 7:47 am | BusinessDesk
April 30 (BusinessDesk) – Wall Street gained as the latest earnings from companies including Merck and Sprint bolstered optimism about the outlook for corporate profits. More >>
MARKET CLOSE: NZ shares rise as energy stocks gain
Tuesday, 29 April 2014, 5:45 pm | BusinessDesk
April 29 (BusinessDesk) – New Zealand shares rose on speculation the incumbent National-led government will return for a third term. Meridian Energy, MightyRiverPower, Contact Energy and Genesis Energy paced gains. More >>
NZ dollar falls after trade figures meet expectations
Tuesday, 29 April 2014, 5:14 pm | BusinessDesk
April 29 (BusinessDesk) - The New Zealand dollar fell as upbeat local trade figures met analysts’ expectations and ahead of a US consumer confidence survey in the run-up to this week’s Federal Reserve policy review. More >>
China’s taste for hotpot elevates lamb flaps to prime cut
Tuesday, 29 April 2014, 12:34 pm | BusinessDesk
China’s taste for hotpot elevates lamb flaps from offcut to prime cut, sending prices to record More >>
NZ trade surplus widens in March on dairy exports to China
Tuesday, 29 April 2014, 11:31 am | BusinessDesk
April 29 (BusinessDesk) - New Zealand’s trade surplus widened in March as Chinese demand for dairy products continued to soar, driving the monthly and annual export receipts to new records. More >>
NZ dollar drops to three-week low as upward momentum slows
Tuesday, 29 April 2014, 8:47 am | BusinessDesk
NZ dollar drops to three-week low as investors bet currency may not advance further More >>
Labour to use KiwiSaver rates to drop dollar
Tuesday, 29 April 2014, 8:42 am | BusinessDesk
April 29 (BusinessDesk) – A Labour Party-led government will require the Reserve Bank of New Zealand to use changes to the rate of people’s compulsory KiwiSaver contributions rather than interest rates to control inflation while taking pressure ... More >>
While you were sleeping: Tech slump continues
Tuesday, 29 April 2014, 7:45 am | BusinessDesk
April 29 (BusinessDesk) – Wall Street slid as investors resumed selling tech shares amid concern about valuations with some of the biggest momentum stocks losing ground. More >>
Kirkcaldie returns to 1H profit as retail margins improve
Monday, 28 April 2014, 6:17 pm | BusinessDesk
April 28 (BusinessDesk) - Kirkcaldie & Stain’s, Wellington’s up-market department store, returned to a first-half profit as it squeezed bigger margins from an ailing retail unit and reinstated rental income from its property management unit. More >>
MARKET CLOSE: NZ shares drop on European tensions
Monday, 28 April 2014, 5:45 pm | BusinessDesk
April 28 (BusinessDesk) – New Zealand shares fell, joining a global sell off, on concern about heightening tensions between western powers and Russia over Ukraine. A2 Milk Co led declines, paced by Xero and Pacific Edge. More >>
NZ dollar little changed as Ukraine tensions test investors
Monday, 28 April 2014, 5:09 pm | BusinessDesk
April 28 (BusinessDesk) - The New Zealand dollar was little changed in local trading as ongoing tensions in the Ukraine keep investors wary of moving currencies too far. More >>
Jade Software returns $14.9 mln to investors from Wynyard
Monday, 28 April 2014, 4:26 pm | BusinessDesk
April 28 (BusinessDesk) - Jade Software, the Christchurch-based software developer, returned $14.9 million to shareholders via a buyback after struggling to find compelling new opportunities after the initial public offer of former subsidiary Wynyard Group. More >>
Little impact seen on Synlait, a2, Fonterra from China rules
Monday, 28 April 2014, 3:54 pm | BusinessDesk
April 28 (BusinessDesk) – New Zealand’s listed dairy companies, Synlait Milk, a2 Milk Co and Fonterra Shareholders’ Fund, probably won’t face much disruption from tighter rules on infant formula in China, the nation’s biggest market for ... More >>
UPDATED: Lyttelton Port rejects logistics officer pay claim
Monday, 28 April 2014, 2:50 pm | BusinessDesk
April 28 (BusinessDesk) – Peter Davie, chief executive of Lyttelton Port Co, says the South Island’s biggest port operator has rejected a demand for a 4 percent pay rise from logistics officers and will use managers to cover their work during ... More >>
NZ Dollar Outlook: Kiwi may fall as Ukraine tensions weighed
Monday, 28 April 2014, 12:37 pm | BusinessDesk
NZ Dollar Outlook: Kiwi may decline as investors retreat to safety amid heightened Ukraine tensions More >>
