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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 1008]
While you were sleeping: Wall Street slips
Thursday, 24 April 2014, 7:24 am | BusinessDesk
April 24 (BusinessDesk) – Wall Street fell as disappointing earnings from companies including AT&T made investors cautious in a market trading near record highs. More >>
Hutson, Reeves seek SGM to vote on Janes ousting from Abano
Wednesday, 23 April 2014, 5:55 pm | BusinessDesk
April 23 (BusinessDesk) - Abano Healthcare shareholders Peter Hutson and James Reeves invoked their rights under the Companies Act to call for an extraordinary general meeting next Monday to consider a resolution to dump Trevor Janes as chairman and ... More >>
MARKET CLOSE: NZ shares rise on election speculation
Wednesday, 23 April 2014, 5:46 pm | BusinessDesk
MARKET CLOSE: NZ shares rally on election speculation, MRP, Contact, Vector rise; Xero leads gainers More >>
NZ dollar climbs to 2-week high vs. A$ on Aust CPI
Wednesday, 23 April 2014, 5:36 pm | BusinessDesk
NZ dollar climbs to 2-week high vs. A$ as Australian inflation misses forecast, RBNZ looms More >>
Equity crowd funding carries risks, high failure rate
Wednesday, 23 April 2014, 2:10 pm | BusinessDesk
Equity crowd funding, latest step in much-hyped social capital, carries risks, high failure rate More >>
McDonald’s NZ annual sales rise 5.8%
Wednesday, 23 April 2014, 12:42 pm | BusinessDesk
McDonald’s NZ lifts annual sales by 5.8% in year of Georgie Pie relaunch More >>
NZ migration rises to 11-year high in March
Wednesday, 23 April 2014, 12:32 pm | BusinessDesk
NZ migration rises to 11-year high in March as fewer kiwis leave for Australia More >>
Millennium & Copthorne mulls capital return
Wednesday, 23 April 2014, 9:22 am | BusinessDesk
Apr. 23 (BusinessDesk) - Millennium & Copthorne Hotels New Zealand, which operates 22 hotels across the country, is mulling a capital return if the float of Chinese investment First Sponsor Group goes ahead. More >>
While you were sleeping: Drug deals bolster sentiment
Wednesday, 23 April 2014, 7:36 am | BusinessDesk
April 23 (BusinessDesk) – A raft of merger and acquisition activity in the global drug sector helped underpin equities on both sides of the Atlantic, as did better-than-expected earnings from companies including Netflix and Travelers. More >>
MARKET CLOSE: NZ shares rise on Genesis sentiment
Tuesday, 22 April 2014, 5:38 pm | BusinessDesk
April 22 (BusinessDesk) – New Zealand stocks rose as Genesis Energy held its gains on the second day of trading, lifting sentiment for fellow government-controlled energy companies, MightyRiverPower and Meridian Energy. Xero led gainers. More >>
NZ dollar edges up as RBNZ rate review eyed
Tuesday, 22 April 2014, 5:05 pm | BusinessDesk
April 22 (BusinessDesk) - The New Zealand dollar edged up as local trading resumed after the Easter holiday, with investors eyeing Thursday’s monetary policy review when interest rates are expected to be hiked for a second time in as many months. More >>
Warehouse shares jump to 6-wk high after Craigs' buy rating
Tuesday, 22 April 2014, 1:13 pm | BusinessDesk
April 22 (BusinessDesk) – Shares in Warehouse Group, New Zealand’s largest publicly listed retailer, rose to a six-week high after the stock was upgraded to ‘buy’ at brokerage Craigs Investment Partners. More >>
Air NZ, Singapore Airlines codeshare gets Singapore tick
Tuesday, 22 April 2014, 9:44 am | BusinessDesk
May 22 (BusinessDesk) – The proposed codeshare between Air New Zealand and Singapore Airlines has been given the all clear from Competition Commission Singapore, meaning the accord is now subject only to sign-off from New Zealand’s transport minister. More >>
NZ dollar falls on growing confidence in US recovery
Tuesday, 22 April 2014, 9:20 am | BusinessDesk
NZ dollar falls after positive US data boosts confidence about revival in world’s largest economy More >>
World Week Ahead: Eyes on US earnings
Tuesday, 22 April 2014, 8:31 am | BusinessDesk
April 22 (BusinessDesk) – Wall Street has begun this week by extending their gains ahead of the Easter break with investors increasingly positive on the outlook for corporate earnings and the world’s biggest economy. More >>
RBNZ set to raise benchmark interest rate
Tuesday, 22 April 2014, 8:16 am | BusinessDesk
April 22 (BusinessDesk) – The Reserve Bank of New Zealand is set to raise its benchmark interest rate for the second time in as many months although the ground has shifted slightly since it began tightening in March, with dairy prices tumbling and inflation ... More >>
MARKET CLOSE NZ shares up, Genesis debut sparks energy rally
Thursday, 17 April 2014, 5:37 pm | BusinessDesk
MARKET CLOSE NZ shares rise as Genesis debut sparks energy rally; Meridian, MRP, Contact gain More >>
Supreme Court decision protects ‘outstanding landscapes'
Thursday, 17 April 2014, 5:20 pm | BusinessDesk
April 17 (BusinessDesk) – The Supreme Court has upheld resource consents for three salmon farms to be developed in the Marlborough Sounds by the King Salmon company, but in an important win for the protection of “outstanding landscapes”, it has ... More >>
NZ dollar heads for 0.8% weekly fall before RBNZ rate review
Thursday, 17 April 2014, 5:03 pm | BusinessDesk
April 17 (BusinessDesk) - The New Zealand dollar is heading for a 0.8 percent fall in a shortened week ahead of the Reserve Bank’s rate review next Thursday. More >>
Air NZ says claims withdrawn as other airlines settle in Oz
Thursday, 17 April 2014, 4:50 pm | BusinessDesk
Air New Zealand says claims withdrawn as other airlines settle over cargo cartel, seeks costs More >>
