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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 1103]
Trade Me wants to hike board fees 23% for extra directors
Wednesday, 25 September 2013, 12:33 pm | BusinessDesk
Sept. 25 (BusinessDesk) – Trade Me, New Zealand’s largest online auction site, wants to increase the pool of fees for its directors by 23 percent to accommodate paying for two director positions which were previously funded by Fairfax Media. More >>
Mainzeal liquidator facing off with related companies
Wednesday, 25 September 2013, 12:13 pm | BusinessDesk
Sept. 25 (BusinessDesk) - The liquidator for the failed Mainzeal construction group is preparing to face off with several related entities over some “highly intermingled” transactions. More >>
Drilling rig import, infant formula scare hit trade balance
Wednesday, 25 September 2013, 11:42 am | BusinessDesk
NZ monthly trade deficit at 5-year high in August as infant formula exports fall More >>
Fonterra normalised earnings meet guidance; drought hurts NZ
Wednesday, 25 September 2013, 10:11 am | BusinessDesk
Sept. 25 (BusinessDesk) – Fonterra Cooperative Group posted full-year earnings that met its guidance as drought in the second half eroded returns from New Zealand Milk and rivalry eroded Australian margins, while sales grew in the rest of the world. More >>
NZ dollar ‘very much out of favour’ as traders dump risk
Wednesday, 25 September 2013, 8:54 am | BusinessDesk
Sept 25 (BusinessDesk) – The New Zealand dollar weakened as investors sold off higher risk assets as they mull yet again the prospect of the US Federal Reserve pulling back its US$85 billion a month bond buying programme. More >>
While you were sleeping: US home prices rise
Wednesday, 25 September 2013, 7:44 am | BusinessDesk
Sept 25 (BusinessDesk) – Wall Street was mixed as investors weighed reports underpinning the recovery in the US housing market, with signs rising mortgage rates might curb home buyers' appetites and consumer confidence remains weak. More >>
MARKET CLOSE: NZ shares snap 2-day slide; Kathmandu gains
Tuesday, 24 September 2013, 5:55 pm | BusinessDesk
MARKET CLOSE: NZ shares snap 2-day slide as Kathmandu result cheered, Sky TV gains More >>
RESEND: NZ dollar pares slide as Fonterra hikes forecast
Tuesday, 24 September 2013, 5:37 pm | BusinessDesk
Sept. 24 (BusinessDesk) - The New Zealand dollar pared an earlier decline after Fonterra Cooperative Group, the nation’s biggest exporter, hiked its forecast payout to farmers for the second time in as many month More >>
NZ dollar pares slide as Fonterra hikes forecast
Tuesday, 24 September 2013, 5:24 pm | BusinessDesk
Sept. 24 (BusinessDesk) - The New Zealand dollar pared an earlier decline after Fonterra Cooperative Group, the nation’s biggest exporter, hiked its forecast payout to farmers for the second time in as many month More >>
Fonterra hikes forecast payout again on eve of earnings
Tuesday, 24 September 2013, 5:10 pm | BusinessDesk
Fonterra hikes forecast payout again on eve of earnings; warns on 1H of 2014 year More >>
Kathmandu shares soar as retailer delivers record earnings
Tuesday, 24 September 2013, 5:04 pm | BusinessDesk
Sept. 24 (BusinessDesk) – Kathmandu Holdings shares soared to an all-time high after the outdoor equipment and clothing retailer posted record annual earnings and gave an upbeat outlook, reassuring investors after a year of changeable weather. More >>
Pub pokie operators may have to give more back to community
Tuesday, 24 September 2013, 3:04 pm | BusinessDesk
Sept. 24 (BusinessDesk) – The New Zealand regulator may force pub pokie machine operators to give more back to their local communities and provide more detail on grant winners and losers. More >>
Trilogy forecasts smaller 1H loss, softens FY guidance
Tuesday, 24 September 2013, 2:23 pm | BusinessDesk
Sept. 24 (BusinessDesk) – Trilogy International, which changed its named from Ecoya in June to reflect the dominance of its skincare business, forecasts a small first-half loss while tipping a second-half pickup which would help it to almost meet guidance ... More >>
CORRECT: Synlait beats prospectus profit forecast
Tuesday, 24 September 2013, 12:50 pm | BusinessDesk
(Fixes reference to Fonterra food scare’s influence on sales in 5th graph, incorrect gain in share price in 7th graph) More >>
MIDDAY UPDATE: Kathmandu boosts annual profit
Tuesday, 24 September 2013, 12:09 pm | BusinessDesk
Sept. 24 (BusinessDesk) – Outdoor equipment chain Kathmandu boosted annual profit and sees more to come in the 2014 year. More >>
Kathmandu boosts 2013 profit 27%, upbeat about 2014
Tuesday, 24 September 2013, 11:16 am | BusinessDesk
Sept. 24 (BusinessDesk) – Kathmandu Holdings, the second-best performer on New Zealand’s benchmark index the past year, boosted full-year profit 27 percent to a record on increased sales in its main markets of New Zealand and Australia. More >>
Synlait beats prospectus forecast as full-year profit soars
Tuesday, 24 September 2013, 11:16 am | BusinessDesk
Sept. 24 (BusinessDesk) - Synlait Milk, the Canterbury-based dairy processor that went public in July, posted a 161 percent jump in full-year profit, beating its prospectus forecast, although infant formula sales missed its target. More >>
NZ dollar little changed as investors await direction on Fed
Tuesday, 24 September 2013, 8:43 am | BusinessDesk
Sept. 24 (BusinessDesk) – The New Zealand dollar traded in a narrow range as investors look for signals indicating when the US Federal Reserve is likely to start tapering its US$85 billion a month monetary stimulus programme. More >>
Non-success gets a deserved recognition
Tuesday, 24 September 2013, 8:31 am | BusinessDesk
A thumbs up to Lightning Lab and Wellington’s Creative HQ for celebrating non-success. More >>
While you were sleeping: Fed officials confuse
Tuesday, 24 September 2013, 7:42 am | BusinessDesk
Sept 24 (BusinessDesk) – Wall Street fell as investors weighed comments from various US Federal Reserve officials following last week's surprise decision by the central bank not to cut back its monthly bond-buying program. More >>
