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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 1052]
Hallenstein says first-half profit top drop 39%
Thursday, 16 January 2014, 9:17 am | BusinessDesk
Jan. 16 (BusinessDesk) – Hallenstein Glasson Holdings, whose shares have shed 21 percent in the past 12 months, said first-half profit will fall about 39 percent, a bigger drop than it flagged in November, after a decline in sales during December. More >>
NZ dollar touches 8-yr high vs. AUD before jobs data
Thursday, 16 January 2014, 8:53 am | BusinessDesk
NZ dollar touches 8-year high vs. Aust. dollar before jobs data across the Tasman More >>
While you were sleeping: World Bank growth upgrade
Thursday, 16 January 2014, 7:27 am | BusinessDesk
Jan 16 (BusinessDesk) – Stocks on both sides of the Atlantic rose as the World Bank upgraded its forecast for global growth and as US corporate earnings such as from Bank of America were better than anticipated. More >>
MARKET CLOSE: NZ shares rise with global rally, Xero gains
Wednesday, 15 January 2014, 6:07 pm | BusinessDesk
Jan. 16 (BusinessDesk) – New Zealand shares rose, joining a global rally, as demand for so-called growth stocks drove Xero and Wynyard Group to record levels, Warehouse Group led gains in most retailers and Chorus reached a month-high. More >>
NZ dollar slips vs. greenback ahead of Fed’s beige book
Wednesday, 15 January 2014, 5:18 pm | BusinessDesk
Jan. 15 (BusinessDesk) - The New Zealand dollar slipped against the greenback ahead of the Federal Reserve’s regional outlook, known as the beige book, and US manufacturing figures, both of which will likely show more strength in the world’s biggest economy. More >>
Xero appoints Chorus GM Crone as New Zealand chief
Wednesday, 15 January 2014, 12:24 pm | BusinessDesk
Jan. 15 (BusinessDesk) – Xero has appointed Chorus marketing and sales general manager Victoria Crone to head its local operation as cloud-based accounting software maker continues its drive to grab customers. More >>
US fund manager BlackRock takes 5% stake in SkyCity
Wednesday, 15 January 2014, 11:53 am | BusinessDesk
Jan. 15 (BusinessDesk) - US fund manager BlackRock, which manages more than US$4.1 trillion in assets worldwide, has built up a 5 percent stake in trans-Tasman casino and hotel operator SkyCity Entertainment Group. More >>
NZ food prices fall for third month on cheaper veges
Wednesday, 15 January 2014, 11:14 am | BusinessDesk
Jan. 15 (BusinessDesk) - New Zealand food prices fell for a third month due to cheaper vegetables which were in season, though more expensive milk pushed up prices over the year. More >>
Warehouse buys SchoolTex from Postie Plus for $9 mln
Wednesday, 15 January 2014, 9:06 am | BusinessDesk
Jan. 15 (BusinessDesk) - Warehouse Group, New Zealand’s largest listed retailer, has agreed to buy SchoolTex from Postie Plus Group for $9 million, adding the nation’s biggest supplier of school uniforms to its department stores. More >>
NZ dollar TWI rises near record high as local economy shines
Wednesday, 15 January 2014, 9:06 am | BusinessDesk
Jan. 15 (BusinessDesk) - The New Zealand dollar closed in on last April’s record high on a trade-weighted basis as the local economy gathers momentum, fuelling expectations the Reserve Bank will have to hike interest rates to head off future inflation. More >>
While you were sleeping: US consumer spends big
Wednesday, 15 January 2014, 7:48 am | BusinessDesk
Jan 15 (BusinessDesk) – Wall Street climbed, while US Treasuries fell, as the all-mighty American consumer showed she is confident enough in the outlook to spend more money than anticipated, bolstering expectations the world’s biggest economy is gathering ... More >>
MARKET CLOSE: NZ shares fall as high kiwi weighs on KMD, SKC
Tuesday, 14 January 2014, 5:59 pm | BusinessDesk
Jan. 14 (BusinessDesk) – New Zealand shares fell as the kiwi dollar’s 17 percent gain against its Australian counterpart in the past year hurt companies with businesses across the Tasman, including Kathmandu, SkyCity Entertainment Group and Fletcher ... More >>
NZ dollar holds gains as rate hike talk grows
Tuesday, 14 January 2014, 5:18 pm | BusinessDesk
Jan. 14 (BusinessDesk) - The New Zealand dollar held gains in local trading as strong business confidence, increased consumer spending and rising property values fuelled expectations the Reserve Bank will hike interest rates to keep a lid on future inflation ... More >>
Renaissance sounds death knell before meeting to sell Yoobee
Tuesday, 14 January 2014, 5:16 pm | BusinessDesk
Jan. 14 (BusinessDesk) - Renaissance Corp ultimately plans to wind itself up once it sells its Yoobee School of Design and deals with its ailing retail business, returning capital to shareholders. The shares jumped 28 percent to 15.4 cents. The company ... More >>
TPP result likely in a couple of months, says APEC’s Bollard
Tuesday, 14 January 2014, 5:09 pm | BusinessDesk
Jan. 14 (BusinessDesk) – The final shape of the Trans-Pacific Partnership Agreement should emerge “in the next couple of months”, although how far the new trade pact will go in “new generation” issues such as intellectual property remains ... More >>
Wynyard, NZ tech stocks rally as investors seek ‘next Xero’
Tuesday, 14 January 2014, 3:07 pm | BusinessDesk
Jan. 14 (BusinessDesk) – Security software firm Wynyard Group has soared 90 percent on the NZX this year, leading a rally in tech stocks as investors regain their appetite for risk, buying businesses they hope will offer the same growth prospects and capital ... More >>
NZ property values rose 10% in 2013, QV says
Tuesday, 14 January 2014, 12:19 pm | BusinessDesk
NZ property values rose 10% in 2013; RBNZ loan limits likely to bite this year, QV says More >>
BurgerFuel gets $5.9M injection from new US investor
Tuesday, 14 January 2014, 11:53 am | BusinessDesk
Jan. 14 (BusinessDesk) - Burger Fuel Worldwide, the NZAX-listed fast food chain franchisor, will raise $5.9 million from a new US investor, Franchise Brands, to help fund its global growth aspirations, including plans to reach into the world’s biggest economy. More >>
SLI shares soar after December search queries top 1 billion
Tuesday, 14 January 2014, 11:30 am | BusinessDesk
Jan. 14 (BusinessDesk) - Shares in SLI Systems soared to a six-month high after the online search software developer’s service topped 1 billion search queries in December, the first time it crossed that threshold. More >>
NZ retail spending on credit, debit cards climbs 0.6% in Dec
Tuesday, 14 January 2014, 11:24 am | BusinessDesk
Jan. 14 (BusinessDesk) – New Zealanders lifted retail spending on credit and debit cards last month, adding to signs an accelerating economy is making consumers more confident to open their wallets. More >>
