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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 1010]
NZ consumer prices rise 0.3% in 1Q, missing estimates
Wednesday, 16 April 2014, 10:59 am | BusinessDesk
NZ consumer prices rise 0.3% in first quarter on tobacco tax hike, more expensive housing More >>
Bathurst raises A$7.93M in placement to help fund Escarpment
Wednesday, 16 April 2014, 10:22 am | BusinessDesk
April 16 (BusinessDesk) - Bathurst Resources raised A$7.39 million in a discounted placement to institutional investors to help fund development of its Escarpment open-cut coal mine on the Denniston Plateau near Westport. More >>
Chorus lifts broadband connections 1.1% in first quarter
Wednesday, 16 April 2014, 10:14 am | BusinessDesk
April 16 (BusinessDesk) – Chorus, the network operator spun out of Telecom in 2011, increased its broadband connections by 1.1 percent in the first quarter while its fixed-line connections edged up 0.2 percent. More >>
BlueScope Steel gets antitrust clearance to buy PacSteel
Wednesday, 16 April 2014, 9:59 am | BusinessDesk
April 16 (BusinessDesk) - BlueScope Steel, Australia’s largest steelmaker and owner of the New Zealand Steel mill, has gained antitrust approval to acquire the assets of Fletcher Building’s Pacific Steel in a $120 million deal. More >>
Turners & Growers to buy Apollo Apples for up to $44.1 mln
Wednesday, 16 April 2014, 9:32 am | BusinessDesk
April 16 (BusinessDesk) - Turners & Growers, the fruit marketer controlled by Germany’s BayWa, has agreed to buy Hawke’s Bay-based Apollo Apples for as much as $44.1 million as it looks to meet growing global demand. More >>
Coats chair Clasper to head GPG board
Wednesday, 16 April 2014, 9:24 am | BusinessDesk
April 16 (BusinessDesk) - Mike Clasper, the chair of Coats, has been appointed chairman of the UK threadmaker’s parent Guinness Peat Group as the group gets closer to completing its shift to a new entity. More >>
NZ dollar weakens ahead of Chinese data which may be weaker
Wednesday, 16 April 2014, 9:20 am | BusinessDesk
April 16 (BusinessDesk) – The New Zealand dollar weakened ahead of the release of Chinese data today which is expected to show a slowdown in Asia’s largest economy, the country’s largest trading partner. Locally, figures are expected to show inflation ... More >>
Diligent’s pace of growth slows in 1Q, client retention dips
Wednesday, 16 April 2014, 9:16 am | BusinessDesk
Diligent’s pace of growth slows in 1Q, client retention dips on M&A activity More >>
Dairy product prices slide, falling 2.6% to 14-month low
Wednesday, 16 April 2014, 8:03 am | BusinessDesk
Dairy product prices extend slide, falling 2.6% to 14-month low, paced by whole milk powder More >>
While you were sleeping: Coca-Cola beats estimates
Wednesday, 16 April 2014, 7:36 am | BusinessDesk
April 16 (BusinessDesk) – Wall Street advanced, spearheaded by gains in shares of Coca-Cola and Johnson & Johnson after both companies reported quarterly results that surpassed expectations, bolstering confidence about the outlook. More >>
MARKET CLOSE: NZ shares rise on tech relief-rally led by PEB
Tuesday, 15 April 2014, 6:03 pm | BusinessDesk
April 15 (BusinessDesk) – NZ Stocks rose led by Pacific Edge as investors re-evaluate prices of tech stocks after the recent a sell-off in the sector worldwide. Xero extended its decline. More >>
Arowana seeks up to $234M in dual-listing NZ Intueri unit
Tuesday, 15 April 2014, 6:01 pm | BusinessDesk
April 15 (BusinessDesk) - ASX-listed Arowana International wants to raise as much as $234 million in the dual-listing of its Intueri Education Group, which will establish New Zealand’s biggest private training establishment (PTE). More >>
NZ dollar falls ahead of Yellen speech, local inflation data
Tuesday, 15 April 2014, 5:23 pm | BusinessDesk
April 15 (BusinessDesk) - The New Zealand dollar fell ahead of a speech by Federal Reserve chair Janet Yellen as investors look for insight into the US central bank’s view on interest rates and await tomorrow’s release of local inflation figures. More >>
Ruataniwha consents approved in draft decision
Tuesday, 15 April 2014, 2:53 pm | BusinessDesk
April 15 (BusinessDesk) – The Tukituki Catchment Proposal Board of Inquiry has granted 17 resource consents relating to the $265 million Ruataniwha Water Storage Scheme in a draft decision that would open more of the Hawke’s Bay to irrigation. More >>
Tech stocks snap two-day decline on Wall Street relief rally
Tuesday, 15 April 2014, 2:13 pm | BusinessDesk
Tech stocks snap two-day decline on Wall Street relief rally; Xero, Pacific Edge gain More >>
Accounting standards chair Hoogervorst dark on Ebitda
Tuesday, 15 April 2014, 1:38 pm | BusinessDesk
April 15 (BusinessDesk) – The head of the global body responsible for setting accounting standards says he scratches his head over companies using an Ebitda measure of earnings but he understands why some prefer not to focus on net profit as a performance measure. More >>
Telecom trims and extends banking facility
Tuesday, 15 April 2014, 1:26 pm | BusinessDesk
April 15 (BusinessDesk) - Telecom Corp, the country’s biggest telecommunications company, has trimmed the size of a banking facility, while pushing out its maturity date until 2017. More >>
Budget to show rise in full-time income to 2018: English
Tuesday, 15 April 2014, 1:10 pm | BusinessDesk
Budget to show $10,500 rise in average full-time income over six years to 2018: English More >>
Abano shareholder lobbied directors in bid to oust chairman
Tuesday, 15 April 2014, 12:58 pm | BusinessDesk
April 15 (BusinessDesk) - Abano Healthcare’s biggest shareholder and former director Peter Hutson lobbied directors as early as last August to support the removal of chairman Trevor Janes and change strategy at the health clinic investor, according ... More >>
NZ Refining shutdown to trim FY revenue by up to US$15M
Tuesday, 15 April 2014, 11:51 am | BusinessDesk
NZ Refining 2014 processing revenue may be crimped by as much as US$15M on extended shutdown More >>
