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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 1032]
While you were sleeping: Yellen affirms taper plan
Friday, 28 February 2014, 8:27 am | BusinessDesk
Feb. 28 (BusinessDesk) - Federal Reserve Chair Janet Yellen says the central bank would continue to wind back its stimulus programme, even while noting that the US labour market has a way to go to recover. More >>
MARKET CLOSE: NZ stocks slide after Australian data
Thursday, 27 February 2014, 6:10 pm | BusinessDesk
Feb. 27 (BusinessDesk) – New Zealand stocks fell as weaker capital spending data in Australia weighed on companies with interests across the Tasman including Fletcher Building, A2 Corp and SkyCity Entertainment Group. Westpac Banking Group and Australian ... More >>
TVNZ boosts first-half profit jumps 47% as ad revenue gains
Thursday, 27 February 2014, 5:44 pm | BusinessDesk
TVNZ boosts first-half profit jumps 47% as ad revenue recovers, writes off Igloo investment More >>
Ngai Tahu, Tainui, Pioneer Capital buy Waikato Milking
Thursday, 27 February 2014, 5:30 pm | BusinessDesk
Feb. 27 (BusinessDesk) - Commercial iwi heavyweights Tainui Group Holdings and Ngai Tahu Capital have teamed up with private investor Pioneer Capital to buy dairy technology manufacturer Waikato Milking Systems for an undisclosed sum. More >>
Mad Butcher franchisor Veritas to boost dividends
Thursday, 27 February 2014, 3:55 pm | BusinessDesk
Feb. 27 (BusinessDesk) – Veritas Investments, which own the Mad Butcher franchise chain, said earnings fell 6.8 percent reflecting a drop in sales and accounting adjustments, while boosting forecast annual dividends. More >>
Transfield wins $88 mln Chorus contracts
Thursday, 27 February 2014, 2:54 pm | BusinessDesk
Feb. 27 (BusinessDesk) - Transfield Services, the ASX-listed infrastructure specialist, has signed two contracts worth $88 million with local telecommunications network operator Chorus to help build the ultrafast broadband network and rural broadband ... More >>
Hellaby first-half profit rises 60%, helped by acquisitions
Thursday, 27 February 2014, 2:52 pm | BusinessDesk
Feb. 27 (BusinessDesk) – Hellaby Holdings, the diversified investment company, posted a 60 percent rise in first half profit, bolstered by recent acquisitions. More >>
Deep-sea exploration consents won’t require public hearings
Thursday, 27 February 2014, 1:54 pm | BusinessDesk
Feb 27 (BusinessDesk) – Deep-sea oil exploration resource consent applications won’t require public hearings, but will not be automatically ticked through, Environment Minister Amy Adams has announced. More >>
Exploding China exports sees record January trade surplus
Thursday, 27 February 2014, 12:20 pm | BusinessDesk
NZ posts $306 mln trade surplus in January as dairy leads record shipments to China More >>
UPDATED: Delegat’s 1H earnings fall 7.6% on UK, Europe
Thursday, 27 February 2014, 11:51 am | BusinessDesk
Feb. 27 (BusinessDesk) - Delegat’s Group, the winemaker which last year bought Australia’s Barossa Valley Estate, said first-half profit fell 7.6 percent as sales drop in the UK and Europe and costs rose. More >>
NZ net migration climbs to decade-high in January
Thursday, 27 February 2014, 11:25 am | BusinessDesk
Feb. 27 (BusinessDesk) - New Zealand’s inbound net migration rose to a 10-year high in January as fewer people quit the country to cross the Tasman and the number of new migrants continued to gain. More >>
Delegat’s 1H earnings fall 7.6% as UK, Europe sales drop
Thursday, 27 February 2014, 10:43 am | BusinessDesk
Feb. 27 (BusinessDesk) - Delegat’s Group, the winemaker which last year bought Australia’s Barossa Valley Estate, said first-half profit fell 7.6 percent as sales drop in the UK and Europe and costs rose. More >>
Tony Ryall, minister for SOEs and health, plans to retire
Thursday, 27 February 2014, 10:10 am | BusinessDesk
Feb. 27 (BusinessDesk) - State-owned enterprises and health minister Tony Ryall will retire from politics at this year’s general election, ending a 24-year career as a politician. More >>
Air NZ says full-year earnings to rise more than 17%
Thursday, 27 February 2014, 10:06 am | BusinessDesk
Air NZ says full-year earnings to rise more than 17% after record first half More >>
NZ dollar pares fall after Fonterra raises farmgate forecast
Thursday, 27 February 2014, 9:23 am | BusinessDesk
Feb. 27 (BusinessDesk) – The New Zealand dollar pared its decline after Fonterra Cooperative Group raises its forecast payout for dairy farmers to a record. More >>
Fonterra hikes forecast pay-out to farmers further
Thursday, 27 February 2014, 8:55 am | BusinessDesk
Feb. 27 (BusinessDesk) - Fonterra Cooperative Group, the world’s biggest dairy exporter, has raised its forecast pay-out to farmers as global demand for milk powders remains strong, while holding its expectations for a reduced dividend. More >>
While you were sleeping: Housing market momentum
Thursday, 27 February 2014, 7:41 am | BusinessDesk
Feb 27 (BusinessDesk) – Wall Street rose after a report showed an unexpected rise in US new home purchases in January, easing concern that the industry’s recovery was stalling. More >>
MARKET CLOSE: NZ Shares rise as A2 reports strong earnings
Wednesday, 26 February 2014, 6:03 pm | BusinessDesk
Feb. 26 (BusinessDesk) – New Zealand stocks rose as A2 Corp reported strong growth in its first-half sales, while Summerset Holdings and Freightways extended gains made on solid earnings. More >>
MightyRiver slashes budget for new capital expenditure
Wednesday, 26 February 2014, 5:55 pm | BusinessDesk
Feb. 26 (BusinessDesk) – MightyRiverPower, the partially privatised electricity generator and retailer, has cut back its forecast for new capital expenditure for the second time since it floated last May, citing the need to contain costs and a ... More >>
NZ dollar little changed on light data flows
Wednesday, 26 February 2014, 5:12 pm | BusinessDesk
Feb. 26 (BusinessDesk) - The New Zealand dollar was little changed as a light data week keeps investors wary of testing recent ranges. More >>
