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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 1055]
CORRECT: Qantas loses ground on Trans-Tasman routes
Tuesday, 7 January 2014, 6:11 pm | BusinessDesk
CORRECT: Qantas loses ground on Trans-Tasman routes, NZ unit sends cash home to parent More >>
MARKET CLOSE: NZ shares mixed; Fletcher falls, Diligent up
Tuesday, 7 January 2014, 5:49 pm | BusinessDesk
Jan. 7 (BusinessDesk) – New Zealand shares fell, paced by Fletcher Building, while Diligent Board member Services and Wynyard Group led gains among companies favoured for their growth outlook. More >>
NZ dollar pares gain after Australian exports data
Tuesday, 7 January 2014, 5:20 pm | BusinessDesk
Jan. 7 (BusinessDesk) - The New Zealand dollar pared gains in local trading after figures showed Australian exports were flat in November, disappointing investors who were hoping for growth. More >>
Shell, OMV, Mitsui to target NZ’s Great South Basin
Tuesday, 7 January 2014, 4:25 pm | BusinessDesk
Jan. 7 (BusinessDesk) – Shell New Zealand and its joint venture partners OMV New Zealand and Mitsui E&P Australia are to drill an exploration well in the Great South Basin, off the South Island’s southeast coast, in a move the energy industry ... More >>
Wynyard shares climb to record on new UAE contract
Tuesday, 7 January 2014, 12:01 pm | BusinessDesk
Jan. 7 (BusinessDesk) - Wynyard Group shares climbed to a record after the intelligence software developer announced its latest contract win in the Middle East. More >>
NZ dollar may fall in 1st quarter, BusinessDesk survey says
Tuesday, 7 January 2014, 11:19 am | BusinessDesk
Jan. 7 (BusinessDesk) – The New Zealand dollar may weaken in the first quarter of 2014, benefiting seasonal commodity exporters gearing up for the harvest, such as onion growers. More >>
Appeal court tosses out ex-RBNZ executives’ pension claim
Tuesday, 7 January 2014, 10:11 am | BusinessDesk
Jan. 7 (BusinessDesk) - The Court of Appeal has tossed out a bid by a group of former Reserve Bank senior managers, including ex-assistant governor David Archer, to top-up their pensions, and upheld an earlier Employment Court ruling. More >>
PowerbyProxi to license technology to Texas Instruments
Tuesday, 7 January 2014, 10:01 am | BusinessDesk
Jan. 7 (BusinessDesk) – PowerbyProxi, the wireless power developer spun out of Auckland University, has agreed to license its technology to Texas Instruments, allowing the world’s largest analogue chipmaker to add new wireless power and charging products. More >>
NZ share market value jumped 24% in Dec from year earlier
Tuesday, 7 January 2014, 9:24 am | BusinessDesk
NZ share market value jumped 24% in December from year earlier to reach 37.8% of GDP More >>
NZ dollar gains after weak US data weighs on tapering
Tuesday, 7 January 2014, 8:40 am | BusinessDesk
Jan. 7 (BusinessDesk) – The New Zealand dollar advanced after weaker-than-expected economic data in the US tempered expectations over how fast the Federal Reserve may start unwinding its monetary stimulus programme. More >>
While you were sleeping: US services disappoint
Tuesday, 7 January 2014, 7:20 am | BusinessDesk
Jan 7 (BusinessDesk) – Wall Street dropped after disappointing data for the US services industry illustrated that the road to recovery in the world’s largest economy has some potholes. More >>
MARKET CLOSE: NZ shares fall on China data, high kiwi
Monday, 6 January 2014, 5:55 pm | BusinessDesk
Jan. 6 (BusinessDesk) – New Zealand shares fell in light trading as data showed slower Chinese services sector activity and the kiwi held near recent highs against the Australian dollar and the yen. Kathmandu and Auckland International Airport paced ... More >>
NZ dollar slips in light trading after Chinese services data
Monday, 6 January 2014, 5:19 pm | BusinessDesk
Jan. 6 (BusinessDesk) - The New Zealand dollar slipped as slowing growth in China’s services sector surprised investors in light trading today. More >>
Pernod Ricard NZ posts smallest loss since 2009
Monday, 6 January 2014, 2:52 pm | BusinessDesk
Jan. 6 (BusinessDesk) - Pernod Ricard’s New Zealand unit posted its smallest annual loss since 2009 after ending three years of substantial writedowns. More >>
Gerry Harvey’s NZ horse breeding business narrows FY loss
Monday, 6 January 2014, 2:23 pm | BusinessDesk
Jan. 6 (BusinessDesk) – NZ Thoroughbred Holdings, the horse breeding business owned by Australian retailing billionaire Gerry Harvey, narrowed its full-year loss after recognising a gain on the value of its animals. More >>
Jetstar loses ground on Trans-Tasman routes
Monday, 6 January 2014, 1:19 pm | BusinessDesk
Jan. 6 (BusinessDesk) - Jetstar, the discount unit of Australian airline Qantas Airways, lost ground on trans-Tasman routes last year, though still managed to send some $156.2 million back to its parent. More >>
NZ Dollar Outlook: Kiwi may extend gains before payrolls
Monday, 6 January 2014, 11:39 am | BusinessDesk
Jan. 6 (BusinessDesk) – The New Zealand dollar will probably continue its upward momentum this week on the back of a positive economic outlook. More >>
Tip Top breadmaker Allied Foods keeps annual sales unchanged
Monday, 6 January 2014, 11:12 am | BusinessDesk
Jan. 6 (BusinessDesk) – Allied Foods (NZ), whose products include Tip Top bread and Big Ben pies, posted sales that were little changed in 2013, while making its first dividend payment in three years. More >>
Michael Hill appoints Icebreaker chair Rob Fyfe to board
Monday, 6 January 2014, 8:54 am | BusinessDesk
Jan. 6 (BusinessDesk) - Michael Hill International, the jewellery chain named for its founder, has appointed Icebreaker executive chairman and former Air New Zealand boss Rob Fyfe as a new director. More >>
NZ dollar rises to 6-year high vs. yen
Monday, 6 January 2014, 8:52 am | BusinessDesk
NZ dollar rises to 6-year high vs. yen as NZ looks to raise rates while Japan continues stimulus More >>
