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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 1029]
MARKET CLOSE: NZX 50 extends record; Auckland Airport gains
Wednesday, 5 March 2014, 6:04 pm | BusinessDesk
March 5 (BusinessDesk) – New Zealand’s NZX 50 Index extended gains to a new record as investors were drawn to a market with robust economic growth. Auckland International Airport, Air New Zealand and Fletcher Building paced gainers. More >>
NZ dollar gains after Putin changes tack on Ukraine
Wednesday, 5 March 2014, 5:11 pm | BusinessDesk
March 5 (BusinessDesk) - The New Zealand dollar rose after investors regained some confidence when Russian President Vladimir Putin toned down his rhetoric over the Crimean Peninsula, and after Australia’s economy grew more than expected in the ... More >>
EQC faces budget blowout if home repair deadline missed
Wednesday, 5 March 2014, 5:02 pm | BusinessDesk
March 5 (BusinessDesk) – The Earthquake Commission, which has an estimated $12 billion of claim liabilities from the Canterbury earthquakes, faces a potential cost spiral if it misses a year-end target to complete all home repairs, says the Auditor ... More >>
Z Energy saves $50 mln capex in refinery crude-matching deal
Wednesday, 5 March 2014, 1:12 pm | BusinessDesk
March 5 (BusinessDesk) – Z Energy will defer $50 million of capital expenditure on new storage facilities at Tauranga and Lyttelton by cutting a deal with BP and the operators of the Marsden Point oil refinery to coordinate the quality of crude ... More >>
Restaurant Brands 4Q sales growth accelerates
Wednesday, 5 March 2014, 12:09 pm | BusinessDesk
Restaurant Brands 4Q sales growth accelerates as it benefits from new Carl’s Jr. burger chain More >>
NZ building work slows in 4th quarter
Wednesday, 5 March 2014, 11:23 am | BusinessDesk
March 5 (BusinessDesk) - New Zealand building activity slowed in the final three months of 2013 as non-residential work dropped for a second quarter, offsetting a pick-up in house building. More >>
Shortland Street helps South Pacific lift profit by 5.6%
Wednesday, 5 March 2014, 10:16 am | BusinessDesk
South Pacific Pictures lifts profit 5.6% as Shortland St provides buffer for lost shows More >>
Renaissance signals end of line with deal to sell stores
Wednesday, 5 March 2014, 9:43 am | BusinessDesk
March 5 (BusinessDesk) - Renaissance Corp agreed to sell its Yoobee Apple computer stores, the last remaining business for the NZX-listed company after the sale of its design school. More >>
Rakon censured, fined over Chinese factory disclosure
Wednesday, 5 March 2014, 9:37 am | BusinessDesk
March 5 (BusinessDesk) - Rakon, which makes crystal oscillators used in smart phones and navigation devices, has been publicly censured and fined $30,000 by the stock market’s disciplinary tribunal for breaching disclosure rules when it sold 80 percent ... More >>
NZ share trading activity increases in February, value falls
Wednesday, 5 March 2014, 9:37 am | BusinessDesk
March 5 (BusinessDesk) – The level of activity on the New Zealand stock exchange grew for an 18th month in February, though the value of transactions was lower than the same month last year. More >>
NZ dollar gains after Putin talks down Ukraine invasion
Wednesday, 5 March 2014, 8:54 am | BusinessDesk
NZ dollar gains as risk appetite recovers after Putin allays fears of imminent military action More >>
Rangatira boss Ian Frame to retire in June
Wednesday, 5 March 2014, 8:50 am | BusinessDesk
Rangatira chief executive Ian Frame will step from the top job of the Wellington-based investment firm at the end of June. More >>
Dairy product prices record biggest drop since June 2013
Wednesday, 5 March 2014, 8:08 am | BusinessDesk
Dairy product prices record biggest drop since June 2013, paced by whole, skim milk powder More >>
While you were sleeping: Putin backs off, lifts mood
Wednesday, 5 March 2014, 7:45 am | BusinessDesk
March 5 (BusinessDesk) – Wall Street rallied, pushing the Standard & Poor’s 500 Index to a record high, as Russian President Vladimir Putin said he would not invade Ukraine for now, easing concern the crisis would escalate into an international ... More >>
MARKET CLOSE: NZX 50 hits record again
Tuesday, 4 March 2014, 6:03 pm | BusinessDesk
March 4 (BusinessDesk) – New Zealand’s NZX 50 Index rose to a record for a second day as investors were drawn to a market with robust economic growth and corporate earnings on the other side of the planet from rising tensions in Ukraine. Fletcher ... More >>
NZ dollar pares decline vs. A$ after RBA affirms rate stance
Tuesday, 4 March 2014, 5:13 pm | BusinessDesk
March 4 (BusinessDesk) - The New Zealand dollar pared losses against its trans-Tasman counterpart after the Reserve Bank of Australia affirmed its policy of keeping the cash rate unchanged while it waits to see whether the low interest rate environment ... More >>
NZ stock valuations look ‘full’ after earnings season
Tuesday, 4 March 2014, 3:00 pm | BusinessDesk
March 4 (BusinessDesk) – Investors are cautious about the extent of any further rally in the NZX 50 Index, which has topped 5000 for the first time, after an earnings season that gave analysts little reason to change their forecasts. More >>
Cheese the toast of latest record NZ commodity prices
Tuesday, 4 March 2014, 2:05 pm | BusinessDesk
March 4 (BusinessDesk) – New Zealand commodity prices rose to a record in February, as cheese prices surged to a six-year high. More >>
Woosh posts annual loss as costs mount, will need more cash
Tuesday, 4 March 2014, 10:56 am | BusinessDesk
March 4 (BusinessDesk) - Woosh Wireless Holdings, the local internet service provider, posted a loss in the 2013 financial year and will need more cash from its unprofitable Californian parent, Craig Wireless Systems, to meet future cash-flow requirements. More >>
NZ dollar surges vs. Russian ruble amid Ukraine tension
Tuesday, 4 March 2014, 8:42 am | BusinessDesk
March 4 (BusinessDesk) – The New Zealand dollar touched a record high against the Russian ruble amid escalating tensions over control of the Ukraine. More >>
