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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 1054]
NZ dollar falls as US jobs figures point to US pickup
Thursday, 9 January 2014, 5:10 pm | BusinessDesk
NZ dollar falls as upbeat US jobs figures, Fed minutes fuel optimism on American recovery More >>
NZ commodity prices rise in December, led by cheese, butter
Thursday, 9 January 2014, 1:50 pm | BusinessDesk
Jan. 9 (BusinessDesk) – New Zealand commodity prices rose in December, led by gains in dairy products. More >>
NZ building consents rise 11% in Nov, boosted by apartments
Thursday, 9 January 2014, 12:11 pm | BusinessDesk
Jan 9 (BusinessDesk) – New Zealand building consents issued by local councils for new homes rose 11 percent in November, boosted by apartment developments. More >>
UPDATE: Fonterra to ‘vigorously defend’ Danone claim
Thursday, 9 January 2014, 12:05 pm | BusinessDesk
Jan. 9 (BusinessDesk) - Fonterra Cooperative Group, the world’s biggest dairy exporter, will “vigorously defend” a claim by French food processor Danone over last year’s recall of whey protein concentrate. More >>
Fonterra units drop after Danone launches legal action
Thursday, 9 January 2014, 10:49 am | BusinessDesk
Jan. 9 (BusinessDesk) - Units in the Fonterra Shareholders’ Fund fell after French food processor Danone ended its supply contract and launched legal proceedings against the New Zealand dairy exporter. More >>
NZ dollar drops to six-day low as greenback strengthens
Thursday, 9 January 2014, 9:16 am | BusinessDesk
NZ dollar drops to six-day low as greenback strengthens on optimism about US economy, tapering More >>
Danone launches proceedings against Fonterra over food scare
Thursday, 9 January 2014, 8:42 am | BusinessDesk
Jan. 9 (BusinessDesk) - Danone, the world’s biggest yoghurt maker, has launched legal proceedings against Fonterra Cooperative Group over last year’s whey protein concentrate recall and ended its existing supply contract with the New Zealand dairy ... More >>
While you were sleeping: Strong ADP jobs data
Thursday, 9 January 2014, 7:36 am | BusinessDesk
Jan 9 (BusinessDesk) – Wall Street was mixed as solid private jobs data heightened anticipation for the minutes of last month’s Federal Reserve meeting, scheduled to be released later today, to gauge the odds the improving labour market will accelerate ... More >>
MARKET CLOSE: NZ shares rise; Wynyard, Xero lead tech gains
Wednesday, 8 January 2014, 5:50 pm | BusinessDesk
Jan. 8 (BusinessDesk) – New Zealand shares rose as intelligence software firm Wynyard Group rallied for a second day, leading gains among tech stocks perceived to have strong growth prospects, including Xero, SLI Systems, Snakk Media and GeoOp. More >>
NZ dollar gains vs. yen as US jobs figures loom
Wednesday, 8 January 2014, 5:10 pm | BusinessDesk
NZ dollar gains vs. yen as US jobs figures loom, keeping Japanese currency under pressure More >>
Wynyard shares soar to new record on optimism over growth
Wednesday, 8 January 2014, 1:49 pm | BusinessDesk
Jan. 8 (BusinessDesk) – Shares in Wynyard Group soared to a new record on optimism about the global growth prospects for the company’s intelligence software. More >>
Toll takes $22.9M provision for tax case, widens 2013 loss
Wednesday, 8 January 2014, 11:45 am | BusinessDesk
Toll Holdings takes $22.9 mln provision for tax case, widens 2013 loss on write-down More >>
Auckland average house price rises to record in December
Wednesday, 8 January 2014, 11:35 am | BusinessDesk
Auckland average house price rises to record in December as supply dwindles in peak selling season More >>
Yellow, with waiver, confident it will meet bank covenants
Wednesday, 8 January 2014, 10:46 am | BusinessDesk
Jan. 8 (BusinessDesk) – Yellow, the directories business seized by its bankers in 2011, is confident it will continue to comply with its debt covenants after gaining waivers for 2014 and will be able to refinance some $414 million of debt due next ... More >>
Goodman Fielder sells NZ meat and pizza units for up to $17M
Wednesday, 8 January 2014, 9:52 am | BusinessDesk
Jan. 8 (BusinessDesk) - Goodman Fielder, the biggest food company in Australia and New Zealand, will net up to $17 million from the sale of its local meat and pizza businesses, as it continues to streamline its suite of brands, and will take one-time ... More >>
Summerset lifts 4Q sales by 50%, annual sales top 400
Wednesday, 8 January 2014, 9:33 am | BusinessDesk
Jan. 8 (BusinessDesk) – Summerset Group, whose shares have made more than three times the gains of the NZX 50 Index in the past 12 months, said sales of occupation rights jumped 50 percent in the fourth quarter from a year earlier. More >>
OceanaGold to scale back at Macraes, may take charge
Wednesday, 8 January 2014, 9:20 am | BusinessDesk
OceanaGold to scale back Macraes mine operation, cut staff in face of falling gold price More >>
NZ dollar rises to 3-week high vs. Aussie
Wednesday, 8 January 2014, 9:04 am | BusinessDesk
NZ dollar rises to 3-week high vs. Aussie as investors bet kiwi will outperform More >>
While you were sleeping: Optimism returns
Wednesday, 8 January 2014, 7:35 am | BusinessDesk
Jan 8 (BusinessDesk) – Equities and bonds advanced as a larger-than-expected drop in the US trade deficit bolstered optimism about the accelerating pace of growth in the world’s largest economy, while a Federal Reserve official recommended maintaining ... More >>
Dairy product prices fall 0.8% in first GDT auction of 2014
Wednesday, 8 January 2014, 7:09 am | BusinessDesk
Dairy product prices fall 0.8% in first GDT auction of 2014, led by skim milk powder More >>
