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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 359]
Liquidators appointed for Intueri Education Group
Friday, 1 September 2017, 2:53 pm | BusinessDesk
Sept. 1 (BusinessDesk) - Liquidators have been appointed for Intueri Education Group after ACG Education, the private equity-owned education services provider, bought its assets. More >>
NZ terms of trade rise 1.5% in second quarter
Friday, 1 September 2017, 2:22 pm | BusinessDesk
Sept. 1 (BusinessDesk) - New Zealand's terms of trade rose less than expected in the second quarter with dairy and meat leading export price gains, outpacing an increase in import prices. More >>
Kiwibank Banking Group's net profit hard hit
Friday, 1 September 2017, 1:37 pm | BusinessDesk
Sept. 1 (BusinessDesk) - Kiwibank Banking Group posted a 57 percent drop in full year net profit while its holding company, Kiwi Group Holdings, reported a 56 percent drop, due to the significant impact of an IT project impairment. More >>
Bracewell to step down from Freightways top job
Friday, 1 September 2017, 1:29 pm | BusinessDesk
Sept. 1 (BusinessDesk) - Dean Bracewell is to step down as managing director of Freightways after 18 years in the role and 34 years with the logistics and data management company. More >>
McIntosh must pay interest on Ross Asset 'profits'
Friday, 1 September 2017, 12:52 pm | BusinessDesk
Sept. 1 (BusinessDesk) - Wellington lawyer Hamish McIntosh must pay interest on the fictitious profits he received from Ross Asset Management, New Zealand's biggest-ever Ponzi scheme, the Supreme Court has ruled. More >>
NZ dollar little changed after sinking to 3-month low
Friday, 1 September 2017, 12:02 pm | BusinessDesk
Sept. 1 (BusinessDesk) - The New Zealand dollar was little changed, having dropped to a three-month low overnight following a report showing weaker business confidence and a poll showing National had lost its opinion poll lead to Labour three weeks ... More >>
While you were sleeping: Mnuchin comments lift stocks
Friday, 1 September 2017, 11:06 am | BusinessDesk
Sept. 1 (BusinessDesk) - Wall Street advanced amid optimism about the Trump administration’s tax reform and the outlook for the US economy ahead of Friday’s jobs data. More >>
NZ house price slowdown may be short-lived
Friday, 1 September 2017, 9:47 am | BusinessDesk
Sept. 1 (BusinessDesk) - Annual growth in New Zealand property values growth dropped below 5 percent for the first time in five years, as inflated Auckland house prices continued to moderate after several years of rapid gains. More >>
Lobby Groups Appeal EPA Trans-Tasman Resources Decision
Friday, 1 September 2017, 9:06 am | BusinessDesk
Aug. 31 (BusinessDesk) - Two lobby groups have lodged appeals against the Environmental Protection Authority's decision to grant Trans-Tasman Resources consent to mine iron sands from the ocean floor in the South Taranaki Bight, but the mining company is ... More >>
NZ Dollar Slides Further in Asia Trading
Friday, 1 September 2017, 9:00 am | BusinessDesk
Aug. 31 (BusinessDesk) - The New Zealand dollar continued to slide after strong US data last night was coupled with weaker domestic business confidence and solid Australian business spending across the Tasman. More >>
Landcorp Back In The Black as Valuations Swing In Its Favour
Friday, 1 September 2017, 8:59 am | BusinessDesk
Aug. 31 (BusinessDesk) - Landcorp Farming reported a full-year profit as the state-owned farmer recog-nised a jump in the value of livestock and benefited from strong market prices. More >>
Lobby groups appeal EPA decision on Trans-Tasman Resources
Friday, 1 September 2017, 8:40 am | BusinessDesk
Aug. 31 (BusinessDesk) - Two lobby groups have lodged appeals against the Environmental Protection Authority's decision to grant Trans-Tasman Resources consent to mine iron sands from the ocean floor in New Zealand's Exclusive Economic Zone in the South ... More >>
Mercury Capital cleared to buy half of Nirvana Health
Friday, 1 September 2017, 8:37 am | BusinessDesk
Aug. 31 (BusinessDesk) - An Australian private equity fund has been cleared to buy half of Nirvana Health, the country's largest independent primary health care group. More >>
$96M purchase of Solid Energy mines
Friday, 1 September 2017, 8:34 am | BusinessDesk
Aug. 31 (BusinessDesk) - BT Mining, the Bathurst Resources-Talley's Group joint venture formerly known as Phoenix Coal, has gained Overseas Investment Office approval to buy Solid Energy's Stockton, Rotowaro and Maramarua Mines and other properties for ... More >>
Rob Fyfe to mentor Michael Hill's CEO Phil Taylor
Thursday, 31 August 2017, 5:13 pm | BusinessDesk
Aug. 31 (BusinessDesk) - Former Air New Zealand chief executive Rob Fyfe will mentor Michael Hill International's new CEO Phil Taylor as he establishes himself in the role. More >>
Business confidence dips but still points to solid growth
Thursday, 31 August 2017, 4:57 pm | BusinessDesk
Aug. 31 (BusinessDesk) - New Zealand business confidence dipped in August but optimists continue to outnumber pessimists and activity and investment intentions remain consistent with solid economic growth. More >>
TVNZ full-year profit drops 89% on Disney contract writedown
Thursday, 31 August 2017, 3:56 pm | BusinessDesk
Aug. 31 (BusinessDesk) - State-owned Television New Zealand posted an 89 percent drop in full-year profit after taking a $12.4 million writedown on the value of an "onerous" contract for content from the Disney studio and some $4.5 million of restructuring ... More >>
Pemba Capital makes takeover proposal for Smartpay
Thursday, 31 August 2017, 1:16 pm | BusinessDesk
Aug. 31 (BusinessDesk) - Smartpay Holdings, the listed payment terminal supplier, is considering a proposal from Pemba Capital Partners which would see the Sydney-based investment firm buy all its shares at an 11 percent premium. More >>
Powerhouse posts $11.2M full-year loss
Thursday, 31 August 2017, 1:05 pm | BusinessDesk
Aug. 31 (BusinessDesk) - Powerhouse Ventures turned to a full-year loss after writing off its investment in hydroelectric turbine designer Hydroworks and recognising other one-time decreases in the value of its investments. More >>
NZ dollar drops to 2-1/2 month low as US private jobs
Thursday, 31 August 2017, 11:49 am | BusinessDesk
Aug. 31 (BusinessDesk) - The New Zealand dollar fell below 72 US cents to a 2 1/2-month low as reports on US economic growth and private jobs printed stronger than expected. More >>
