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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 1049]
Govt to create $150M a year elite teacher strike force
Thursday, 23 January 2014, 12:32 pm | BusinessDesk
Jan. 23 (BusinessDesk) – The government is proposing to form and pay extra for an elite corps of up to 270 principals and 6,000 teachers to raise flagging performance in New Zealand schools. More >>
Quarantine imposed after Queensland fruit fly find
Thursday, 23 January 2014, 11:48 am | BusinessDesk
Jan. 23 (BusinessDesk) - The Ministry for Primary Industries will impose a controlled area in Whangarei and is contacting international partners after finding a Queensland fruit fly in the country’s northernmost city. More >>
NZ manufacturing expands for 15th month in December
Thursday, 23 January 2014, 11:08 am | BusinessDesk
Jan. 23 (BusinessDesk) - New Zealand manufacturing activity expanded for a 15th straight month in December, with more production likely in the coming year on strong new orders and dwindling inventories. More >>
Sales up but prices down in first half for Meridian Energy
Thursday, 23 January 2014, 10:09 am | BusinessDesk
Jan. 23 (BusinessDesk) – Meridian Energy sold more electricity in the first six months of the current financial year than in the previous year, but prices achieved were significantly lower, despite what the company says are signs that growth in ... More >>
Michael Hill flags increased 1H earnings as sales rise 10%
Thursday, 23 January 2014, 10:04 am | BusinessDesk
Jan. 23 (BusinessDesk) - Michael Hill International, the jewellery chain that bears the name of its founder, expects first-half earnings to rise after reporting a 10 percent lift in sales over the period. More >>
Warehouse warns 1H earnings to fall by up to 13 percent
Thursday, 23 January 2014, 9:33 am | BusinessDesk
Jan. 23 (BusinessDesk) – Budget retailer Warehouse Group is warning its first-half profit will fall by as much as 13 percent after strong Christmas sales failed to compensate for a margin squeeze in the first quarter, higher funding costs, and reduced ... More >>
NZ dollar slips amid speculation of more Fed tapering
Thursday, 23 January 2014, 8:44 am | BusinessDesk
Jan. 23 (BusinessDesk) - The New Zealand dollar fell against the greenback amid speculation the Federal Reserve will further trim its bond buying programme when it reviews policy next week. More >>
While you were sleeping: Coach, IBM fall short
Thursday, 23 January 2014, 7:38 am | BusinessDesk
Jan 23 (BusinessDesk) – Wall Street was mixed as disappointing results from companies including IBM and Coach left investors uneasy about stock valuations. More >>
MARKET CLOSE: NZ Shares rise, led by OceanaGold, FPH
Wednesday, 22 January 2014, 5:36 pm | BusinessDesk
Jan. 22 (BusinessDesk) - New Zealand shares rose for a second day to a two-month high, led by OceanaGold, which exceeded its gold production forecasts, and paced by Fisher & Paykel Healthcare as it reached seven-year highs. More >>
Kiwi falls against Aussie dollar as inflation accelerates
Wednesday, 22 January 2014, 5:12 pm | BusinessDesk
Jan. 22 (BusinessDesk) - The New Zealand dollar fell against its Australian counterpart after accelerating inflation across the Tasman reduced the chance the Reserve Bank of Australia will cut interest rates. More >>
New fibre-only ISP, MyRepublic, seeks to shake up NZ market
Wednesday, 22 January 2014, 3:48 pm | BusinessDesk
Jan. 22 (BusinessDesk) - MyRepublic, a Singapore-based internet service provider, plans to enter the New Zealand market in the middle of this year, targeting services provided over the government-sponsored ultrafast broadband fibre network. More >>
New fibre-only ISP, MyRepublic, seeks to shake up NZ market
Wednesday, 22 January 2014, 3:48 pm | BusinessDesk
Jan. 22 (BusinessDesk) - MyRepublic, a Singapore-based internet service provider, plans to enter the New Zealand market in the middle of this year, targeting services provided over the government-sponsored ultrafast broadband fibre network. More >>
Telecom pays $83 mln in winning bid for last 4G spectrum lot
Wednesday, 22 January 2014, 3:40 pm | BusinessDesk
Jan 22 (BusinessDesk) - Telecom Corp, the country’s biggest telecommunications company, paid $83 million to win the final lot of 700 megahertz spectrum, flagged for fourth-generation mobile phone use. More >>
F&P Healthcare back in favour as share price nears 7-yr high
Wednesday, 22 January 2014, 3:23 pm | BusinessDesk
Jan. 22 (BusinessDesk) – Shares in Fisher & Paykel Healthcare are near a seven-year high as the maker of breathing masks and respirators continued an 18-month trend of “winning back favour” with investors, according to an analyst More >>
Energy Mad doubles on string of good US news
Wednesday, 22 January 2014, 1:10 pm | BusinessDesk
Jan. 22 (BusinessDesk) – Shares in energy efficient light bulb maker Energy Mad have doubled today, touching a two-year high of 68 cents, after a string of positive announcements about the company’s US market growth. More >>
Labour drops tax cuts in favour of $1.5B of new spending
Wednesday, 22 January 2014, 12:03 pm | BusinessDesk
Jan. 22 (BusinessDesk) – The Labour Party is ditching two of its flagship tax initiatives from the last election, giving itself an extra $1.5 billion for alternative policy promises. More >>
OceanaGold gains on news of Q4 uplift
Wednesday, 22 January 2014, 11:22 am | BusinessDesk
Jan. 21 (BusinessDesk) – Shares of Melbourne based mining group OceanaGold has risen 9.7 percent in early NZX trading after announcing its gold production exceeded expectations in 2013. More >>
OceanaGold gains on news of Q4 uplift
Wednesday, 22 January 2014, 11:22 am | BusinessDesk
Jan. 21 (BusinessDesk) – Shares of Melbourne based mining group OceanaGold has risen 9.7 percent in early NZX trading after announcing its gold production exceeded expectations in 2013. More >>
Cheese and butter prices surge in global dairy auction
Wednesday, 22 January 2014, 9:04 am | BusinessDesk
Jan. 22 (BusinessDesk) - Dairy product prices rose at the latest GlobalDairyTrade auction, led by surging prices for butter and cheese, two products which have posed problems for Fonterra Cooperative Group as their prices lagged whole milk powder. More >>
NZ dollar holds gains as rate hike chances rise
Wednesday, 22 January 2014, 8:45 am | BusinessDesk
Jan. 22 (BusinessDesk) - The New Zealand dollar held yesterday’s gains after a surprise rise in December inflation heightened expectations the Reserve Bank might hike interest rates as early as next week and as the latest Fonterra Cooperative ... More >>
