Scoop has an Ethical Paywall
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 1027]
While you were sleeping: China hits stocks, copper
Tuesday, 11 March 2014, 7:09 am | BusinessDesk
March 11 (BusinessDesk) – Stocks and commodities including copper and iron ore fell after a surprise drop in China’s exports bolstered concern about the slowing growth in the world’s second-largest economy. More >>
MARKET CLOSE: NZ shares fall; Fletcher and Air NZ drop
Monday, 10 March 2014, 5:56 pm | BusinessDesk
MARKET CLOSE: NZ shares fall; Fletcher and Air NZ drop, Warehouse, MRP go ex-div More >>
Wool Equities to de-list from NZAX, trading suspended
Monday, 10 March 2014, 5:28 pm | BusinessDesk
March 10 (BusinessDesk) - Wool Equities, which processes wool for its grower shareholders, will de-list from the small-cap New Zealand Alternative Market, and has suspended share trading. More >>
NZ dollar pares loss after upbeat US jobs report
Monday, 10 March 2014, 5:08 pm | BusinessDesk
NZ dollar pares loss after upbeat US jobs report fuels bets on Fed action, weak Chinese trade numbers More >>
SNAP NZ election to be held on Sept. 20, PM Key says
Monday, 10 March 2014, 4:16 pm | BusinessDesk
March 10 (BusinessDesk) - New Zealand’s general election will be held on Sept. 20 with the incumbent National-led administration seeking a third term in office. More >>
Seeka to sell 20% stake in Opac for $3.2M
Monday, 10 March 2014, 3:09 pm | BusinessDesk
Seeka to sell 20% stake in Opotiki Packing back to company for $3.2 million More >>
Offshore iron ore mining worth $150M a year, miner says
Monday, 10 March 2014, 12:35 pm | BusinessDesk
March 10 (BusinessDesk) – The biggest single impact from proposals to mine ironsands offshore from the southern Taranaki coast will be some $150 million a year spent on jobs and maintenance, both onshore and offshore, to service the operation, the ... More >>
NZ manufacturing sales volumes rise 5.7%
Monday, 10 March 2014, 12:34 pm | BusinessDesk
March 10 (BusinessDesk) – New Zealand manufacturing sales volumes rose in the fourth quarter last year, driven by dairy and meat and adding to evidence of strong, export-led demand for the nation’s soft commodities. More >>
NZ Dollar Outlook: Kiwi may gain as interest rate hikes loom
Monday, 10 March 2014, 12:29 pm | BusinessDesk
March 10 (BusinessDesk) – The New Zealand dollar may rise in volatile trading this week as investors are lured by better yields ahead of an expected hike in interest rates by the Reserve Bank and the prospect of further increases. More >>
Fulton Hogan more than doubles 1H pretax profit
Monday, 10 March 2014, 12:10 pm | BusinessDesk
March 10 (BusinessDesk) - Fulton Hogan, the privately held construction firm, more than doubled first-half pretax earnings with its five business units all running ahead of budget, and plans to ramp up growth once the Shell Group share buyback is ... More >>
AsureQuality taps Hansells John McKay as CEO
Monday, 10 March 2014, 11:50 am | BusinessDesk
March 10 (BusinessDesk) – AsureQuality, the state-owned food testing company formed by the 2007 merger of Asure New Zealand and AgriQuality, named Hansells Food Group chief executive John McKay as its new CEO. More >>
Wellington Drive seeks $5M from shareholders in note offer
Monday, 10 March 2014, 9:21 am | BusinessDesk
March 10 (BusinessDesk) - Wellington Drive Technologies, whose annual accounts were tagged by auditor PwC over forecast cash flows, will raise $5 million selling mandatory convertible notes to shareholders to help fund growth aspirations. More >>
NZ dollar falls after better than expected US jobs data
Monday, 10 March 2014, 8:43 am | BusinessDesk
March 10 (BusinessDesk) – The New Zealand dollar weakened after a key measure of US employment posted stronger-than-forecast gains, reinforcing expectations the Federal Reserve will continue to taper its stimulus programme and boosting the greenback. More >>
NZ Reserve Bank set to begin tightening cycle
Monday, 10 March 2014, 8:05 am | BusinessDesk
NZ Reserve Bank set to begin tightening cycle with first OCR hike since July 2010 More >>
World Week Ahead: Dark clouds over China
Monday, 10 March 2014, 7:48 am | BusinessDesk
March 10 (BusinessDesk) – The Standard & Poor’s 500 Index starts the week at a record as investors breathed a sigh of relief when the latest US jobs data finally provided evidence of an ongoing recovery in the world’s largest economy but clouds ... More >>
MARKET CLOSE: NZX 50 extends gain
Friday, 7 March 2014, 5:52 pm | BusinessDesk
March 7 (BusinessDesk) – The NZX 50 Index closed at a new record high, as investors were attracted to the New Zealand story of strong economic optimism and stable growth. Kathmandu Holdings led the index higher, paced by Fletcher Building. More >>
NZ dollar heads for 1% weekly gain on rising risk appetite
Friday, 7 March 2014, 5:10 pm | BusinessDesk
NZ dollar heads for 1% weekly gain as risk appetite flourishes, US jobs report looms More >>
Fonterra lifts forecast for this season’s local milk supply
Friday, 7 March 2014, 2:53 pm | BusinessDesk
March 7 (BusinessDesk) - Fonterra Cooperative Group, the world’s biggest dairy exporter, anticipates bigger growth in milk supply this season with dry conditions not as bad as last year’s drought, and the incentive of a higher forecast farmgate ... More >>
Warehouse shares fall after $100 mln share sale
Friday, 7 March 2014, 11:27 am | BusinessDesk
March 7 (BusinessDesk) – Warehouse Group is the worst performer on New Zealand’s benchmark NZX 50 Index today after the shares resumed trading following a discounted stock offering to raise money for the retailer’s expansion into financial services. More >>
Ron Brierley renews interest in Allied Farmers, buying 2.87%
Friday, 7 March 2014, 9:53 am | BusinessDesk
March 7 (BusinessDesk) – Ron Brierley has acquired 2.87 percent of Allied Farmers, which is recovering from its disastrous takeover of the Hanover and United Finance loan books, making him the fifth largest investor in the Hawera-based company. More >>
