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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 321]
While you were sleeping: Wal-Mart, Cisco rallies boosts mood
Friday, 17 November 2017, 10:14 am | BusinessDesk
Nov. 17 (BusinessDesk) - Wall Street gained as shares of Wal-Mart and those of Cisco rallied after posting earnings that beat expectations. More >>
MARKET CLOSE: NZ shares up, Kathmandu and A2 lead gains
Thursday, 16 November 2017, 8:37 pm | BusinessDesk
MARKET CLOSE: NZ shares up, Kathmandu and A2 lead gains while Pushpay, Rakon rally on earnings More >>
NZ dollar falls against Aussie
Thursday, 16 November 2017, 8:10 pm | BusinessDesk
Nov. 16 (BusinessDesk) - The New Zealand dollar fell against the Aussie dollar and the greenback after figures showed Australia's jobless rate dropped to its lowest level in more than four years. More >>
Chch City Holdings to sell up to $150 mln of 5-year bonds
Thursday, 16 November 2017, 8:09 pm | BusinessDesk
Christchurch City Holdings to sell up to $150 mln of 5-year bonds to pay dividends More >>
Soul Machines partners with Autodesk
Thursday, 16 November 2017, 7:42 pm | BusinessDesk
Soul Machines partners with Autodesk to create digital employee, 8 other projects on the go More >>
NZX goes back to basics in 'fundamental reset'
Thursday, 16 November 2017, 7:15 pm | BusinessDesk
Nov. 16 (BusinessDesk) - NZX is renewing its focus on its core market platform in what the stock market operator calls a "fundamental reset" of the business to drive shareholder value and reinvigorate New Zealand's capital markets. More >>
UPDATE: Pushpay plans for US listing, capital raising
Thursday, 16 November 2017, 4:55 pm | BusinessDesk
(Updates with detail of US stock exchange plans in paras 1 and 4, updates share price) More >>
Genoapay plans Australian expansion, mulls US push
Thursday, 16 November 2017, 4:43 pm | BusinessDesk
Nov. 16 (BusinessDesk) - Genoapay, whose payment platform is available in 210 merchant stores around the country and upwards of 60 independent automotive, dental, veterinary, and hair and beauty stores, is planning to expand into Australia early next year ... More >>
NZ consumer confidence dips in November
Thursday, 16 November 2017, 4:28 pm | BusinessDesk
Nov. 16 (BusinessDesk) - New Zealand consumer confidence fell to a seven-month low in November as households grew less optimistic about the economy's fortunes. More >>
UPDATE: Pushpay plans for US listing
Thursday, 16 November 2017, 3:39 pm | BusinessDesk
Nov. 16 (BusinessDesk) - Pushpay Holdings, the mobile payments app company, says it's planning on a Nasdaq listing and likely a capital raising within the next 15 months, but that won't mean de-listing from the NZX or ASX. More >>
Pushpay widens 1H loss, but on track for breakeven
Thursday, 16 November 2017, 2:04 pm | BusinessDesk
Nov. 16 (BusinessDesk) - Pushpay Holdings, the mobile payments app company, widened its net loss in the first half despite lifting revenue but reiterated its guidance for the year ahead. More >>
Steel & Tube forecasts drop in first-half earnings
Thursday, 16 November 2017, 1:17 pm | BusinessDesk
Nov. 16 (BusinessDesk) - Steel & Tube Holdings' first-half earnings may fall as much as 38 percent reflecting a writedown of inventory, restructuring costs and margin pressures. More >>
Rakon turns to 1H profit
Thursday, 16 November 2017, 1:03 pm | BusinessDesk
Nov. 16 (BusinessDesk) - Rakon turned to a first-half profit from a loss a year earlier, citing growth across the technology company's key markets, improved margins and lower costs. More >>
Regulator gives provisional thumbs up to Powerco price hike
Thursday, 16 November 2017, 12:48 pm | BusinessDesk
Nov. 16 (BusinessDesk) - The Commerce Commission has given the early all-clear for lines company Powerco to raise prices to fund a $1.27 billion upgrade of its network over the next five years. More >>
NZ dollar little changed below 69 US cents
Thursday, 16 November 2017, 11:47 am | BusinessDesk
Nov. 16 (BusinessDesk) - The New Zealand dollar was little changed, holding below 69 US cents, after US inflation figures came in near expectations, keeping intact bets that the Federal Reserve will hike US interest rates next month. More >>
While you were sleeping: Target slumps on outlook
Thursday, 16 November 2017, 10:30 am | BusinessDesk
Nov. 16 (BusinessDesk) - US Treasuries rose while Wall Street slid as investors reassessed the outlook for corporate profits for retailers including Target amid intensifying competition from Amazon. More >>
Sanford posts 8% gain in full-year profit
Wednesday, 15 November 2017, 8:41 pm | BusinessDesk
Sanford posts 8% gain in full-year profit on year-earlier vessel impairment; sales rise 3.1% More >>
MARKET CLOSE: NZ shares down on Genesis, Mainfreight falls
Wednesday, 15 November 2017, 8:35 pm | BusinessDesk
Nov. 15 (BusinessDesk) - The New Zealand benchmark index dipped back below 8,000 as Genesis Energy and Mainfreight dropped, while Xero recovered somewhat from recent selling. More >>
NZ dollar rises against Aussie after tepid wage data
Wednesday, 15 November 2017, 8:06 pm | BusinessDesk
Nov. 15 (BusinessDesk) - The New Zealand dollar rose against the Aussie dollar after Australian wages accelerated by less than expected in the third quarter, despite a lift in the minimum wage. More >>
FMA rebukes Goldman Sachs over Warminger trading
Wednesday, 15 November 2017, 7:31 pm | BusinessDesk
Nov. 15 (BusinessDesk) - The Financial Markets Authority has rebuked Goldman Sachs New Zealand for its role in disgraced fund manager Mark Warminger's market manipulation, but stopped short of taking the investment bank to court, saying it fell more in ... More >>
