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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 1028]
Warehouse raises $100M from institutions
Friday, 7 March 2014, 8:55 am | BusinessDesk
March 7 (BusinessDesk) - Warehouse Group, the country’s biggest listed retailer, successfully raised $100 million from institutional investors to help fund its drive into financial services. More >>
NZ dollar surges to 6-year high vs. yen on risk appetite
Friday, 7 March 2014, 8:53 am | BusinessDesk
NZ dollar surges to 6-year high vs. yen as investors favour buoyant local economy More >>
While you were sleeping: Solid US jobless claims
Friday, 7 March 2014, 7:53 am | BusinessDesk
March 7 (BusinessDesk) – Wall Street climbed, pushing the Standard & Poor’s 500 Index to a fresh record high, after better-than-expected US jobs data bolstered optimism about the pace of recovery in the world’s largest economy. More >>
MARKET CLOSE: NZX 50 extends gain, Xero hits new high
Thursday, 6 March 2014, 5:52 pm | BusinessDesk
March 6 (BusinessDesk) – The NZX 50 Index extended gains to a new record, led by Xero which reached a fresh high after being included on an Asia-Pacific index, and Air New Zealand which continued to rise on post-earnings optimism. More >>
CORRECT: TVNZ committed to Igloo, misses sub targets
Thursday, 6 March 2014, 5:29 pm | BusinessDesk
(Fixes source of Igloo subscriptions in 2nd graph, adds Igloo impairment in 5th graph, fixes source of TiVo comments in 6th, 7th graphs) More >>
NZ dollar falls vs. A$ after strong Australian data
Thursday, 6 March 2014, 5:04 pm | BusinessDesk
March 6 (BusinessDesk) - The New Zealand dollar fell against its trans-Tasman counterpart after stronger than expected Australian trade and retail data sapped enthusiasm for the nation’s central bank to cut interest rates. More >>
CORRECT: TVNZ committed to Igloo, misses targets
Thursday, 6 March 2014, 4:37 pm | BusinessDesk
March 6 (BusinessDesk) – State-owned broadcaster Television New Zealand is committed to Igloo, its joint venture with pay-TV operator Sky Network Television, despite writing down its stake and missing subscription targets. More >>
NZ doesn’t face US-style property bubble, price growth eyed
Thursday, 6 March 2014, 4:24 pm | BusinessDesk
NZ doesn’t face US-style property bubble though price growth eyed, says S&P More >>
CORRECT: Warehouse says FY earnings to fall, eyes finance
Thursday, 6 March 2014, 3:27 pm | BusinessDesk
CORRECT: Warehouse says FY earnings to fall as it seeks $115M to expand financial services More >>
RESEND: Regulator says prices blame game ‘unacceptable'
Thursday, 6 March 2014, 2:34 pm | BusinessDesk
March 6 (BusinessDesk) - The Electricity Authority will investigate contradictory pricing claims in the sector, saying it is "unacceptable" for energy retailers to blame other parts of the sector for price hikes. More >>
TVNZ committed to Igloo despite hiccups
Thursday, 6 March 2014, 2:27 pm | BusinessDesk
March 6 (BusinessDesk) – State-owned broadcaster Television New Zealand is committed to Igloo, its joint venture with pay-TV operator Sky Network Television, despite writing down its stake and missing subscription targets. More >>
Electricity Authority says prices blame game ‘unacceptable’
Thursday, 6 March 2014, 1:50 pm | BusinessDesk
March 6 (BusinessDesk) – The Electricity Authority will investigate contradictory pricing claims in the sector, saying it is “unacceptable” for energy retailers to blame other parts of the sector for price hikes. More >>
Solid Energy faces more losses on coal prices
Thursday, 6 March 2014, 1:40 pm | BusinessDesk
March 6 (BusinessDesk) - Solid Energy, the state-owned coal miner, faces more losses as it contends with muted coal prices on a global market that’s been flooded with product from the US and Australia amid dwindling demand from the likes of China. More >>
UPDATED: Warehouse says FY earnings to fall, eyes finance
Thursday, 6 March 2014, 1:36 pm | BusinessDesk
UPDATED: Warehouse says FY earnings to fall as it seeks $115M to expand financial services More >>
Briscoe lifts FY profit 10%, cautiously optimistic on 2014
Thursday, 6 March 2014, 12:07 pm | BusinessDesk
March 6 (BusinessDesk) – Briscoe Group, which posted a 10 percent gain in annual profit, said it is “cautiously optimistic” about the year ahead as many retailers struggle to grow earnings. More >>
Ford steps down as Solid Energy chair for health reasons
Thursday, 6 March 2014, 11:57 am | BusinessDesk
Mark Ford steps down as Solid Energy chair for health reasons, stays on at Watercare More >>
Auckland home sales fall 15% in February as listings rise
Thursday, 6 March 2014, 11:21 am | BusinessDesk
March 6 (BusinessDesk) – Auckland residential property sales fell last month from a year earlier, while listings reached an 11-month high, according to Barfoot & Thompson, the city's largest realtor. More >>
Warehouse says FY earnings and dividends to fall
Thursday, 6 March 2014, 10:19 am | BusinessDesk
Warehouse says FY earnings and dividends to fall as it seeks $115M to expand financial services More >>
NZ dollar hits 7-week high as US jobs report looms
Thursday, 6 March 2014, 8:58 am | BusinessDesk
NZ dollar advances to 7-week high as analysts pull back expectations for US payroll data More >>
While you were sleeping: Cool US jobs data
Thursday, 6 March 2014, 7:56 am | BusinessDesk
March 6 (BusinessDesk) – Wall Street was mixed, keeping the Standard & Poor’s 500 Index near record highs, as investors opted for a sunny outlook on further evidence that the harsh US winter has cooled economic data. More >>
