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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 1021]
Kathmandu shares surge on Australian growth
Monday, 24 March 2014, 2:15 pm | BusinessDesk
March 24 (BusinessDesk) – Shares in Kathmandu Holdings’ jumped 8.4 percent, making them the best performer on New Zealand’s benchmark stock index today, as investors looked past the impact of the high kiwi dollar on first-half earnings to see sales ... More >>
Greymouth liquidation bid seeks to extort settlement: judge
Monday, 24 March 2014, 2:09 pm | BusinessDesk
March 24 (BusinessDesk) – An attempt to have the Court of Appeal order the liquidation of Greymouth Petroleum was described by one of the three judges hearing the appeal as a tactic to “extort” the best possible price in the court-ordered sale of ... More >>
NZ Dollar Outlook: Kiwi may struggle for direction this week
Monday, 24 March 2014, 1:34 pm | BusinessDesk
March 24 (BusinessDesk) – The New Zealand dollar may struggle for direction this week, reflecting the limited amount of new data for markets to digest. More >>
Craigs Investment Partners 2013 profit more than triples
Monday, 24 March 2014, 1:01 pm | BusinessDesk
March 24 (BusinessDesk) - Craigs Investment Partners, the brokerage owned by its executives and Deutsche Bank, more than tripled profit in 2013 as a boom year for share sales drew investors back to the market and lifted the firm’s funds under ... More >>
Craigs Investment Partners 2013 profit more than triples
Monday, 24 March 2014, 1:01 pm | BusinessDesk
March 24 (BusinessDesk) - Craigs Investment Partners, the brokerage owned by its executives and Deutsche Bank, more than tripled profit in 2013 as a boom year for share sales drew investors back to the market and lifted the firm’s funds under ... More >>
Kathmandu overcomes strong kiwi dollar to lift earnings
Monday, 24 March 2014, 11:51 am | BusinessDesk
March 24 (BusinessDesk) – Kathmandu Holdings posted an 11 percent increase in first-half profit, even as a strong kiwi dollar crimped earnings in Australia, the outdoor goods and clothing chain’s biggest market. The shares jumped 7.8 percent after the results ... More >>
NZ dollar little changed as traders await Chinese flash PMI
Monday, 24 March 2014, 8:41 am | BusinessDesk
March 24 (BusinessDesk) – The New Zealand dollar is little changed ahead of a key report on the Chinese economy which is an indicator of gross domestic product. More >>
World Week Ahead: Data key to sentiment
Monday, 24 March 2014, 7:52 am | BusinessDesk
March 24 (BusinessDesk) – Wall Street has regained positive momentum amid signs of a brighter outlook for the US economy and Russian President Vladimir Putin’s reassurances he will not seek to claim more of Ukraine’s territory. More >>
Record trading in Xero ahead of inclusion to ASX All Ords
Friday, 21 March 2014, 5:59 pm | BusinessDesk
March 21 (BusinessDesk) - Xero, the cloud-based accounting software developer, reported record share trading today as about 2 percent of the company changed hands with turnover of about $117.7 million, ahead of its addition to the ASX All Ordinaries Index. More >>
MARKET CLOSE:NZ stocks fall investors make room for Genesis
Friday, 21 March 2014, 5:48 pm | BusinessDesk
MARKET CLOSE: NZ stocks fall; investors make room for Genesis as MRP, Meridian, Contact decline More >>
NZD little changed this week as Fed spurs greenback demand
Friday, 21 March 2014, 5:10 pm | BusinessDesk
March 21 (BusinessDesk) - The New Zealand dollar is almost unchanged this week after the Federal Reserve’s growing optimism on the strength of the US economy spurred demand for the greenback. More >>
Genesis may struggle to increase turbo charged dividend
Friday, 21 March 2014, 4:57 pm | BusinessDesk
March 21 (BusinessDesk) – Genesis Energy, New Zealand’s largest energy retailer, is expected to be a strong initial performer when it lists next month because of its attractive near-term dividend yield, but may struggle to offer dividend growth ... More >>
FMA files charges against former directors of failed lenders
Friday, 21 March 2014, 2:56 pm | BusinessDesk
March 21 (BusinessDesk) - The Financial Markets Authority has filed charges against five directors of failed lender Mutual Finance and Viaduct Capital, while withdrawing a case against one of them who has since died. More >>
NZ consumer confidence edges down this month
Friday, 21 March 2014, 1:31 pm | BusinessDesk
March 21 (BusinessDesk) - New Zealand consumer confidence edged down for a second month, though the underlying optimism still supports the gathering economic momentum. More >>
Kim Dotcom loses Supreme Court bid to access US evidence
Friday, 21 March 2014, 1:25 pm | BusinessDesk
March 21 (BusinessDesk) - Megaupload founder Kim Dotcom lost his Supreme Court bid to access US government evidence against him ahead of his extradition hearing to face charges in the US related to operating websites used to illegally distribute ... More >>
NZ Super Fund eyes North American energy market with US$250M
Friday, 21 March 2014, 12:57 pm | BusinessDesk
March 21 (BusinessDesk) - The New Zealand Superannuation Fund will invest up to US$250 million with New York Stock Exchange-listed KKR to gain exposure to the growing disruption in North American energy markets created by shale oil and gas resources. More >>
NZ net migration at decade-high in Feb, China main source
Friday, 21 March 2014, 12:33 pm | BusinessDesk
NZ net migration at decade-high in February as China topples UK as main source More >>
Augusta Capital pays $15.4M for property investors
Friday, 21 March 2014, 10:28 am | BusinessDesk
March 21 (BusinessDesk) - Augusta Capital, the New Zealand listed property investor and fund manager, will buy property investors KCL Property and Investment Property Titles for $15.4 million in cash and scrip, to boost their portfolio and expand into ... More >>
Quickflix shareholders seek to spill board
Friday, 21 March 2014, 9:10 am | BusinessDesk
March 21 (BusinessDesk) - A minority group of shareholders in ASX-listed Quickflix want to remove the board of the streaming and on-demand video supplier, after losing confidence in the company over years of underperformance, a brush with insolvency, ... More >>
NZ dollar maintains its strength against rising US currency
Friday, 21 March 2014, 8:40 am | BusinessDesk
March 21 (BusinessDesk) – The New Zealand dollar held its ground against a stronger US currency overnight, as investors gained confidence from the South Pacific nation’s strong domestic economy after fourth-quarter growth met expectations. More >>
