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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 1044]
Kathmandu confirms David Kirk as chairman
Wednesday, 5 February 2014, 10:36 am | BusinessDesk
Feb. 5 (BusinessDesk) – Kathmandu, the outdoor clothing chain, named David Kirk as chairman, replacing John Harvey, who took up the role after the death of former chair James Strong in early 2013. More >>
Apple NZ almost doubles FY profit, pays $2.5 mln tax
Wednesday, 5 February 2014, 9:49 am | BusinessDesk
Feb. 5 (BusinessDesk) - Apple Sales New Zealand, the local unit of the iPad and iPod maker, almost doubled annual profit on largely flat sales, while extracting a dividend that eclipsed earnings. More >>
Sky TV and Telecom end agreement to resell TV services
Wednesday, 5 February 2014, 9:27 am | BusinessDesk
Feb. 5 (BusinessDesk) – Sky Network Television, New Zealand’s dominant pay television operator, will no longer resell its service through Telecom Corp., the nation’s largest phone company. More >>
NZ dollar jumps 1 US cent overnight as risk appetite returns
Wednesday, 5 February 2014, 8:48 am | BusinessDesk
Feb. 5 (BusinessDesk) – The New Zealand dollar jumped 1 US cent overnight as investors gained back some confidence in economic growth, favouring riskier assets such as equities and higher yielding currencies. More >>
While you were sleeping: Wall Street sees value
Wednesday, 5 February 2014, 7:40 am | BusinessDesk
Feb 5 (BusinessDesk) – Wall Street gained as some investors found value in equities after the recent slide amid optimism about US corporate profits and economic growth. More >>
Dairy product prices gain 0.5% in GDT auction, led by butter
Wednesday, 5 February 2014, 7:30 am | BusinessDesk
Dairy product prices gain 0.5% in GDT auction, led by butter, whole milk powder More >>
MARKET CLOSE NZ stocks follow global decline, led by Xero
Tuesday, 4 February 2014, 5:48 pm | BusinessDesk
Feb. 4 (BusinessDesk) – New Zealand stocks fell, tracking a global decline, as investors’ fears of faltering economic recovery were exacerbated by poor manufacturing data in the US, and China. Xero led the market lower, with Trade Me Group and Port ... More >>
RBA drops easing bias, signals steady rates
Tuesday, 4 February 2014, 5:15 pm | BusinessDesk
Feb. 4 (BusinessDesk) – The Reserve Bank of Australia kept its benchmark interest rate at a record low 2.5 percent and dropped its reference to policy adjustments in favour of stability, a move seen as code for an end to its easing bias that sent ... More >>
Kiwi drops to 2-month low vs A$ after RBA drops easing bias
Tuesday, 4 February 2014, 5:06 pm | BusinessDesk
Feb. 4 (BusinessDesk) - The New Zealand dollar fell to a two-month low against its trans-Tasman counterpart after the Reserve Bank of Australia moved away from further rate cuts after inflation came in higher than expected and Australian consumer spending ... More >>
Census data shows telcos losing out to data users
Tuesday, 4 February 2014, 4:49 pm | BusinessDesk
Feb. 4 (BusinessDesk) – New Zealanders are following the global trend of abandoning landlines in favour of mobile phones and online communication, leaving telecommunication companies racing to find new revenue streams, said Paul Brislen CEO of Telecommunications ... More >>
More kiwis head to university, chase doctorates: census
Tuesday, 4 February 2014, 4:38 pm | BusinessDesk
Feb. 4 (BusinessDesk) – More kiwis are gaining tertiary qualifications and despite an OECD survey showing a drop in the educational ranking of New Zealand 15-year-olds, an increasing number of teenagers are completing their school years, the latest census ... More >>
Canterbury overtakes Auckland median income despite quakes
Tuesday, 4 February 2014, 3:43 pm | BusinessDesk
Feb. 4 (BusinessDesk) – Personal income statistics from the 2013 national census show the annual median income in Canterbury was the second highest in the country, overtaking Auckland since the last census in 2006, in a trend that appears to reflect ... More >>
NZ commodity prices rise to a record in Jan, led by butter
Tuesday, 4 February 2014, 1:27 pm | BusinessDesk
Feb. 4 (BusinessDesk) – New Zealand commodity prices rose to a record in January, led by gains in butter. More >>
ASX-listed Calibre Group buys Downer’s Spiire NZ
Tuesday, 4 February 2014, 12:32 pm | BusinessDesk
Feb. 4 (BusinessDesk) – Calibre Group, an ASX-listed mining and rail consultancy, has acquired New Zealand engineering and survey advisors Spiire Group from Downer EDI Group for $1.9 million. More >>
EDS dark on deepwater drilling regs; Anadarko plugs 1st well
Tuesday, 4 February 2014, 12:30 pm | BusinessDesk
Feb. 4 (BusinessDesk) – The Environmental Defence Society is calling for the government to scrap its draft regulations governing deep sea oil exploration on the same day as Texan oil explorer Anadarko said it was plugging and abandoning the first of the ... More >>
NZ shares drops to four-week low, tracking US stocks down
Tuesday, 4 February 2014, 11:59 am | BusinessDesk
NZ shares drops to four-week low, tracking US stocks down after manufacturing activity slows More >>
Landcorp 1H earnings soar on rising dairy income
Tuesday, 4 February 2014, 11:13 am | BusinessDesk
Feb. 4 (BusinessDesk) - Landcorp Farming, which manages 137 farms, more than tripled first-half profit as record milk prices drove up dairy income and said earnings will hold up for the rest of the year. Separately, chairman Bill Baylis announced plans ... More >>
NZ dollar at 3-week low vs. Aussie before RBA statement
Tuesday, 4 February 2014, 8:59 am | BusinessDesk
Feb. 4 (BusinessDesk) – The New Zealand dollar fell to its lowest in more than three weeks against its trans-Tasman counterpart ahead of a Reserve Bank of Australia decision on interest rates today. More >>
CORRECT: Key hints at early election date
Tuesday, 4 February 2014, 8:47 am | BusinessDesk
Feb. 4 (BusinessDesk) – Prime Minister John Key gave his clearest hint yet that the general election is likely to be held before the G-20 global leaders’ meeting in Brisbane, in mid-November. More >>
While you were sleeping: Manufacturing disappoints
Tuesday, 4 February 2014, 7:30 am | BusinessDesk
Feb 4 (BusinessDesk) – Equities declined on both sides of the Atlantic, continuing the trend of January, as data showed that China’s manufacturing fell last month, while US manufacturing activity grew at the slowest pace in eight months, fuelling ... More >>
