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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 1042]
MARKET CLOSE: NZ shares slide on earnings season nerves
Monday, 10 February 2014, 6:09 pm | BusinessDesk
Feb. 10 (BusinessDesk) – New Zealand stocks fell, paced by SkyCity Entertainment Group, amid speculation the impending earnings season may show the impact of a high kiwi dollar. Hallenstein Glasson Holdings led the index lower after figures showed ... More >>
NZ dollar little changed as markets digest US jobs report
Monday, 10 February 2014, 5:19 pm | BusinessDesk
Feb. 10 (BusinessDesk) - The New Zealand dollar was little changed as investors mulled the significance of a weaker-than-expected US jobs report on Friday ahead of Federal Reserve chair Janet Yellen’s inaugural testimony in front of policymakers this ... More >>
Pacific Edge shares jump on prospect of sales through DHBs
Monday, 10 February 2014, 5:13 pm | BusinessDesk
Feb. 10 (BusinessDesk) – Shares of Pacific Edge, which have soared almost 200 percent in the past 12 months, extended their gains after a deal was signed allowing its bladder cancer test to be used District Health Boards. More >>
Clorox NZ, like parent, finds little earnings growth
Monday, 10 February 2014, 4:47 pm | BusinessDesk
Feb. 10 (BusinessDesk) – Clorox New Zealand, the local arm of the NYSE-listed bleach and Glad wrap maker, has extended a run of flat earnings, echoing the results of a parent company looking to emerging markets to drive growth in sales of household ... More >>
No guarantee of low prices from Labour, Greens power policy
Monday, 10 February 2014, 4:27 pm | BusinessDesk
Feb. 10 (BusinessDesk) – Power prices could be expected to rise if the Labour and Green parties’ electricity policy is adopted using the high historic cost of building some of the country’s largest hydro dams, a research paper prepared for Business ... More >>
Kirk’s puts inner city Wellington landmark up for sale
Monday, 10 February 2014, 2:50 pm | BusinessDesk
Feb. 10 (BusinessDesk) - Kirkcaldie & Stains, Wellington’s up-market department store, plans to sell its Harbour City Centre building in the capital city’s Lambton Quay, after several aborted attempts to split its retail and property businesses. More >>
Opus annual profit slips on rising tax, interest costs
Monday, 10 February 2014, 1:46 pm | BusinessDesk
Feb. 10 (BusinessDesk) - Opus International Consultants, the engineering firm with one of four mandates to lead design the Christchurch rebuild, reported a 2.6 percent decline in annual profit as it dealt with rising interest costs and a bigger tax ... More >>
NZ property values rise at slower pace in January, QV says
Monday, 10 February 2014, 12:47 pm | BusinessDesk
NZ property values rise at slower pace in January, suggesting increased buyer caution, QV says More >>
Biosecurity officials mystified by lone Whangarei fruit fly
Monday, 10 February 2014, 12:03 pm | BusinessDesk
Feb. 10 (BusinessDesk) – Biosecurity officials say they can’t explain the appearance of a single male Queensland fruit fly caught in Whangarei, since no produce is imported directly through the city’s port. More >>
NZ Dollar Outlook: Kiwi may gain on improving risk sentiment
Monday, 10 February 2014, 11:58 am | BusinessDesk
Feb. 10 (BusinessDesk) – The New Zealand dollar may gain this week as improving global sentiment turns investor focus to higher risk, higher growth assets such as the kiwi. More >>
Hedge fund Libra Advisers buys 7.2% of Rubicon for $12 mln
Monday, 10 February 2014, 10:46 am | BusinessDesk
Feb. 10 (BusinessDesk) - US hedge fund Libra Advisors will take a $12 million stake in Rubicon in a private placement to shore up the company's funding position and support its future commitments to forestry biotech firm ArborGen. More >>
NZ dollar advances as US employment data disappoints
Monday, 10 February 2014, 8:41 am | BusinessDesk
Feb. 10 (BusinessDesk) – The New Zealand dollar advanced after a key US employment report pointed to a weaker economy than expected and as risk appetite returned to the market. More >>
World Week Ahead: Yellen testimony follows weak US jobs news
Monday, 10 February 2014, 8:35 am | BusinessDesk
World Week Ahead: Yellen testimony follows weak US jobs news Feb 10 (BusinessDesk) – Janet Yellen is scheduled to deliver her first testimony as chairman of the Federal Reserve to US lawmakers this week after a weaker-than-expected jobs report did little ... More >>
SMELLIE SNIFFS THE BREEZE: Jumping at trade shadows
Friday, 7 February 2014, 6:40 pm | BusinessDesk
Next we’ll be hearing that nobody’s quite sure who will win this year’s general election! Still, the future’s like that. More >>
MARKET CLOSE: NZ shares rise in global rally, led by Chorus
Friday, 7 February 2014, 5:47 pm | BusinessDesk
Feb. 7 (BusinessDesk) - New Zealand shares rose today, as the local market caught up after yesterday’s holiday, joining on a global wave of positive sentiment. Chorus led gainers. More >>
NZ dollar little changed after RBA lifts growth forecast
Friday, 7 February 2014, 5:16 pm | BusinessDesk
Feb. 7 (BusinessDesk) - The New Zealand dollar was little changed after the Reserve Bank of Australia lifted its growth forecast having dropped its easing bias this week, and ahead of US employment figures. More >>
Trans-Tasman imputation credits issue still has a pulse
Friday, 7 February 2014, 3:24 pm | BusinessDesk
Feb. 7 (BusinessDesk) – The Australian government has agreed to make the long-vexed issue of mutually recognising trans-Tasman imputation credits on dividends a topic for review in a forthcoming white paper on tax reform. More >>
Northland Port divests half-stake in coolstores business
Friday, 7 February 2014, 1:43 pm | BusinessDesk
Feb. 7 (BusinessDesk) – Northland Port Corp, which owns half of the Whangarei port’s operating company, has sold its 50 percent stake in North Port Coolstores to partner NPC Investments for $1.8 million. More >>
PFI updates dividend reinvestment scheme
Friday, 7 February 2014, 12:10 pm | BusinessDesk
Feb. 7 (BusinessDesk) - Previous investors in Direct Property Fund, which is now merged with Property For Industry, are being offered the opportunity to reinvest their dividends in the PFI dividend reinvestment scheme, if and when its suspension ... More >>
Canada's Smart Technologies to wind down Next Window
Friday, 7 February 2014, 11:50 am | BusinessDesk
Feb. 7 (BusinessDesk) - Canada’s Smart Technologies has given up on New Zealand-based NextWindow, which it bought in 2010 for US$82 million, and plans to wind down the unprofitable touch-screen display developer in the next year. More >>
