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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 340]
Dairy drives NZ food prices higher as butter hits record
Thursday, 12 October 2017, 2:24 pm | BusinessDesk
Oct. 12 (BusinessDesk) - New Zealand food prices rose in September as dairy products continued to increase with butter prices hitting another record high. More >>
NZ First, deciding next NZ govt, keeps board members secret
Thursday, 12 October 2017, 2:16 pm | BusinessDesk
Oct. 12 (BusinessDesk) - Two days after undertaking to release a list of the board of the New Zealand First party board, its president Brent Catchpole has changed his mind. More >>
NZ house sale volumes drop across all regions in September
Thursday, 12 October 2017, 12:57 pm | BusinessDesk
Oct. 12 (BusinessDesk) - The number of property sales across New Zealand dropped 26 percent last month, with all 16 regions recording a decline, according to the Real Estate Institute. More >>
G3 Group to de-list from NXT next week
Thursday, 12 October 2017, 12:36 pm | BusinessDesk
Oct. 12 (BusinessDesk) - NXT-listed G3 Group will quit the small-cap index next week, just two years after joining the market for minnows in a compliance listing. More >>
Shareholder dispute spills into court
Thursday, 12 October 2017, 12:15 pm | BusinessDesk
Oct. 12 (BusinessDesk) - An ownership dispute over proposed milk processing facilities in Southland has hit the courts, with a jilted group of investors claiming to have missed out on a major opportunity to tap the Chinese market worth at least $227 million. More >>
Person charged with insider trading left in 2014 - Plexure
Thursday, 12 October 2017, 12:11 pm | BusinessDesk
Oct. 12 (BusinessDesk) - Plexure Group, the mobile voucher firm formerly called VMob, has distanced itself from a person charged with insider trading in its shares, saying they were a contractor who left in 2014. More >>
National Cyber Policy Office tests market appetite
Thursday, 12 October 2017, 11:58 am | BusinessDesk
Oct. 12 (BusinessDesk) - The National Cyber Policy Office (NCPO) is testing the market appetite to deliver a ‘Cyber Credentials Scheme’ that would ensure New Zealand’s small and medium-sized businesses – the vast majority of firms – are protected ... More >>
NZ dollar gains within narrow range after Fed minutes
Thursday, 12 October 2017, 11:47 am | BusinessDesk
Oct. 12 (BusinessDesk) - The New Zealand dollar gained, although it remains within this week's narrow trading range pending an announcement on the next government, after minutes of the last Federal Reserve meeting showed concerns about weak inflation. More >>
While you were sleeping: Fed worries about inflation
Thursday, 12 October 2017, 11:05 am | BusinessDesk
Oct. 12 (BusinessDesk) - Wall Street inched higher, with the Dow touching another record high, amid optimism that the latest round of US corporate earnings will justify valuations. More >>
MARKET CLOSE: NZ shares rise as growth stocks extend gains
Wednesday, 11 October 2017, 8:34 pm | BusinessDesk
MARKET CLOSE: NZ shares rise as growth stocks A2, Xero, Synlait extend gains; CBL drops More >>
NZ dollar little changed as election decision drags
Wednesday, 11 October 2017, 8:24 pm | BusinessDesk
Oct. 11 (BusinessDesk) - The New Zealand dollar was little changed, trading in a narrow range after the NZ First Party delayed its decision on who will lead the next government, while the prospect of rising US interest rates and an improving US economy ... More >>
FMA files charges for insider trading
Wednesday, 11 October 2017, 5:19 pm | BusinessDesk
Oct. 11 (BusinessDesk) - The Financial Markets Authority has filed criminal charges against a person in the Auckland District Court, accusing them of insider trading in mobile voucher firm Plexure Group, then called VMob. More >>
NZ's telecommunications sector 'incredible price pressure'
Wednesday, 11 October 2017, 5:17 pm | BusinessDesk
Oct. 11 (BusinessDesk) - New Zealand's telecommunications market is seen expanding at a 1.4 percent annual pace over the next five years, belying the intense competition and price pressures in both fixed and mobile services, according to IDC. More >>
Vector eyes electric vehicles as mobile power sources
Wednesday, 11 October 2017, 4:39 pm | BusinessDesk
Oct. 11 (BusinessDesk) - Vector is looking to drive new innovation in the rapidly expanding electric vehicle sector by not only providing charging solutions but also turning them into power sources. More >>
NZ guest nights fall in August
Wednesday, 11 October 2017, 2:54 pm | BusinessDesk
Oct. 11 (BusinessDesk) - New Zealand national guest nights declined in August as stays in the North Island dropped by the largest amount in more than three years. More >>
Bapcor sells footwear, resources divisions from Hellaby
Wednesday, 11 October 2017, 2:43 pm | BusinessDesk
Oct. 11 (BusinessDesk) - ASX-listed Bapcor has sold its Hannahs, Number 1 Shoes, and Contract Resources businesses to undisclosed buyers and will likely reap about $92 million from the unwanted Hellaby Holdings assets. More >>
ASX-listed IPH acquires NZ law firm AJ Park for $66M
Wednesday, 11 October 2017, 2:16 pm | BusinessDesk
Oct. 11 (BusinessDesk) - ASX-listed IPH Ltd said it has acquired New Zealand intellectual property law firm AJ Park for $66 million. More >>
Pushpay ACMR revenue doubles to US$67.5M
Wednesday, 11 October 2017, 2:15 pm | BusinessDesk
Oct. 11 (BusinessDesk) - Pushpay Holdings, a mobile payments app company, said its annualised committed monthly revenue (ACMR) has jumped 96.8 percent and reiterated its target to break even on a monthly cash-flow basis before the end of 2018. The ... More >>
Contact board happy with strategic direction, Norris says
Wednesday, 11 October 2017, 1:19 pm | BusinessDesk
Oct. 11 (BusinessDesk) - Contact Energy's board is happy with the direction of the electricity generator-retailer, which it sees as supporting a new distribution policy set to deliver bigger returns to shareholders, says chairman Ralph Norris. More >>
Pacific Edge to raise $21.3M in deeply discounted offer
Wednesday, 11 October 2017, 12:45 pm | BusinessDesk
Oct. 11 (BusinessDesk) - Pacific Edge wants to raise $21.3 million in a deeply discounted rights issue, which it says will fund the cancer diagnostics firm's goal of breaking even on a cash flow basis in the March 2019 year. More >>
