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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 1020]
NZ firms paid their bills at the fastest rate in decade: D&B
Wednesday, 26 March 2014, 12:05 pm | BusinessDesk
New Zealand businesses paid their bills at the fastest rate in decade in Q4, D&B says More >>
Fonterra lifts sales in 1H; profit halves as margins shrink
Wednesday, 26 March 2014, 9:56 am | BusinessDesk
March 26 (BusinessDesk) – Fonterra Cooperative Group posted a 53 percent drop in first-half profit as the price of milk ran ahead of prices for products such as cheese and casein, slashing margins at the world’s biggest dairy exporter. More >>
TRS shareholder Choiselat mum on support for Mega listing
Wednesday, 26 March 2014, 9:53 am | BusinessDesk
March 26 (BusinessDesk) - Paul Choiselat, the controlling shareholder of TRS Investments, is staying mum on whether he’ll agree to a deal to list Kim Dotcom’s Mega data storage and encryption company until he sees the paperwork. More >>
NZ dollar jumps vs. euro on view ECB will add to stimulus
Wednesday, 26 March 2014, 9:16 am | BusinessDesk
NZ dollar jumps to four-month high vs. euro on speculation ECB may extend stimulus More >>
New Zealand eyes free trade deal with EU, Key says
Wednesday, 26 March 2014, 8:48 am | BusinessDesk
March 26 (BusinessDesk) - New Zealand and the European Union will look at ways to deepen their relationship, which may lead to a free trade deal, Prime Minister John Key says. More >>
While you were sleeping: Consumer gains confidence
Wednesday, 26 March 2014, 7:29 am | BusinessDesk
March 26 (BusinessDesk) – Wall Street gained after data showing US consumer confidence has improved to a six-year high bolstered expectations that the recovery of the world’s biggest economy is intact. More >>
CORRECT: TRS shares soar 900% after Mega flags $210M listing
Tuesday, 25 March 2014, 6:39 pm | BusinessDesk
CORRECT: TRS shares soar 900% after Dotcom’s Mega flags $210M backdoor listing on NZX More >>
MARKET CLOSE: NZ shares rise; MRP, Contact, Meridian gain
Tuesday, 25 March 2014, 5:45 pm | BusinessDesk
March 25 (BusinessDesk) – New Zealand stocks rose, paced by energy companies, amid polls showing a regulation—prone Labour-Greens coalition won’t win power in September. MightyRiverPower, Meridian Energy and Contact Energy, which offer relatively attractive ... More >>
NZ dollar gains as Russia-Ukraine tensions take centre stage
Tuesday, 25 March 2014, 5:31 pm | BusinessDesk
March 25 (BusinessDesk) - The New Zealand dollar rose as investors keep tabs on the tensions between Russia and Ukraine and their possible spillover into broader markets, in a week where there’s little economic data to drive sentiment. More >>
TRS shares soar 700% after Dotcom’s Mega flags $210M listing
Tuesday, 25 March 2014, 3:05 pm | BusinessDesk
March 25 (BusinessDesk) – Shares of TRS Investments, a penny-dreadful shell company, soared 600 percent after Kim Dotcom’s Mega Ltd announced plans for a backdoor listing on the NZX that would value his data storage and encryption firm at $210 million. More >>
Horizon names Anderson acting CFO after Todd Campbell leaves
Tuesday, 25 March 2014, 12:16 pm | BusinessDesk
March 25 (BusinessDesk) – Horizon Energy, the Bay of Plenty lines company, named John Anderson as acting chief financial officer after announcing the departure of Todd Campbell in mid-April. More >>
Hallenstein first half profit drops 40%
Tuesday, 25 March 2014, 10:37 am | BusinessDesk
March 25 (BusinessDesk) – Hallenstein Glasson, the clothing retailer dropped from the NZX 50 Index this month, posted a 40 percent decline in first-half profit as increased rivalry pushed down prices during the key summer season. It said early ... More >>
Dotcom’s Mega seeks $210 mln backdoor listing on NZX
Tuesday, 25 March 2014, 10:30 am | BusinessDesk
March 25 (BusinessDesk) - Mega Ltd, Kim Dotcom’s data storage and encryption company, is seeking a backdoor listing on the NZX valuing the firm at $210 million. More >>
Summerset seeks to boost directors’ fee pool by 50%
Tuesday, 25 March 2014, 10:00 am | BusinessDesk
March 25 (BusinessDesk) - Summerset Group, the retirement village operator and developer, will ask shareholders for a 50 percent bump in the directors’ fee pool to account for a rejigged board, having delivered a 153 percent boost in the company’s stock ... More >>
NZ dollar little changed amid concerns on global growth
Tuesday, 25 March 2014, 8:51 am | BusinessDesk
March 25 (BusinessDesk) – The New Zealand dollar was little changed as manufacturing reports from major overseas economies raised concerns about global growth. More >>
While you were sleeping: Manufacturing data disappoint
Tuesday, 25 March 2014, 7:36 am | BusinessDesk
March 25 (BusinessDesk) – Wall Street declined after a report showed a slide in the pace of US manufacturing growth, while China’s manufacturing also provided cause for concern. More >>
MARKET CLOSE: NZ shares fall as China, Crimea weigh
Monday, 24 March 2014, 6:28 pm | BusinessDesk
March 24 (BusinessDesk) – New Zealand shares fall as ongoing geo-political tensions in Europe keep global investors nervous and as weak Chinese manufacturing figures stoke concern over the strength of the world’s second-biggest economy. Pacific ... More >>
NZ dollar little changed as local rates attract investors
Monday, 24 March 2014, 5:14 pm | BusinessDesk
March 24 (BusinessDesk) - The New Zealand dollar was little changed as the relative attraction of rising interest rates outshone weak Chinese manufacturing figures. More >>
NZ Treasury head of asset sales John Crawford calls it quits
Monday, 24 March 2014, 4:27 pm | BusinessDesk
March 24 (BusinessDesk) – The head of the Treasury unit in charge of the partial privatisation process is leaving to pursue roles in the private sector on the eve of the last of the four asset sales undertaken over the past 13 months. More >>
CORRECT: NZ net migration at decade-high in February
Monday, 24 March 2014, 3:17 pm | BusinessDesk
CORRECT: NZ net migration at decade-high in February as China topples UK as main source More >>
