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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 378]
Crude, dairy fall, jobs data looms
Wednesday, 2 August 2017, 11:38 am | BusinessDesk
Aug. 2 (BusinessDesk) - The New Zealand dollar fell along with other so-called commodity currencies as crude oil fell and prices unexpectedly declined in the latest GlobalDairyTrade auction. More >>
While you were sleeping: Dow hits fresh record
Wednesday, 2 August 2017, 11:03 am | BusinessDesk
Aug. 2 (BusinessDesk) - Wall Street advanced, with the Dow Jones touching a fresh record high, as better-than-expected corporate earnings bolstered the mood. More >>
Dairy product prices slip, though whole milk powder gains
Wednesday, 2 August 2017, 10:21 am | BusinessDesk
Aug. 2 (BusinessDesk) - Dairy product prices fell at the Global Dairy Trade auction, declining for the third time in four auctions, amid concern about extra supply. More >>
Datacom annual profit rises 61% as new services lift sales
Wednesday, 2 August 2017, 9:20 am | BusinessDesk
Aug. 2 (BusinessDesk) - Datacom Group lifted annual profit 61 percent as the next generation of services helped the country's biggest IT services provider boost sales and fatten margins, paving the way for a bigger dividend. More >>
Property value gains slow in July as Auckland values stall
Wednesday, 2 August 2017, 9:19 am | BusinessDesk
Aug. 2 (BusinessDesk) - New Zealand property values rose at their slowest annual pace in more than two years as a slump in Auckland sales has seen the country's biggest housing market flatline after several years of rapid price gains. More >>
MARKET CLOSE: NZ shares follow Asia higher
Tuesday, 1 August 2017, 8:42 pm | BusinessDesk
MARKET CLOSE: NZ shares follow Asia higher led by blue chip stocks Spark, F&P More >>
NZ dollar weaker against Aussie after RBA stays on message
Tuesday, 1 August 2017, 8:11 pm | BusinessDesk
Aug. 1 (BusinessDesk) - The New Zealand dollar lost ground against the Australian dollar when the Reserve Bank of Australia kept rates on hold at 1.5 percent and said its forecasts for the Australian economy are largely unchanged despite weaker-than-expected ... More >>
Harmoney more than halves annual loss as revenue climbs 63%
Tuesday, 1 August 2017, 7:49 pm | BusinessDesk
Aug. 1 (BusinessDesk) - Harmoney Corp, the country's biggest peer-to-peer lending platform, more than halved its annual loss as revenue climbed 63 percent in its second full year of operation, and has since crossed $500 million lent through the portal. More >>
Govt's second 'red zone' offer unlawful, appeal court rules
Tuesday, 1 August 2017, 3:39 pm | BusinessDesk
Aug. 1 (BusinessDesk) - The government's second offer to owners of uninsured property and bare land in Christchurch's 'red zone' was also unlawful, the Court of Appeal has ruled, although it wants to chew over more information before determining how ... More >>
Powerhouse wants more information after resignations
Tuesday, 1 August 2017, 3:31 pm | BusinessDesk
Aug. 1 (BusinessDesk) - Christchurch-based technology incubator Powerhouse Ventures is seeking more information after investee firm HydroWorks was left with no directors. More >>
Investors taking a wait-and-see stance after Little decision
Tuesday, 1 August 2017, 2:55 pm | BusinessDesk
Aug. 1 (BusinessDesk) - Investors will be keeping a close eye on the next opinion polls after news that Jacinda Ardern has replaced Andrew Little as the new leader of the opposition Labour Party. More >>
Auckland Airport may require balance sheet support
Tuesday, 1 August 2017, 1:43 pm | BusinessDesk
Auckland Airport may require balance sheet support in the second half of 2018-2022 period More >>
Flight Centre to buy two New Zealand travel firms
Tuesday, 1 August 2017, 12:56 pm | BusinessDesk
Aug. 1 (BusinessDesk) - ASX-listed Flight Centre Travel Group will buy two local travel firms for an undisclosed sum, expanding its footprint in New Zealand and making it one of the country's biggest travel management groups. More >>
Airwork refinances, expands bank debt facility
Tuesday, 1 August 2017, 12:13 pm | BusinessDesk
Aug. 1 (BusinessDesk) - Airwork Holdings, the aircraft services business that's 75 percent-owned by China's Zhejiang Rifa Holding Group, has refinanced and increased its bank debt facility. More >>
Moa raises $329k from US investor at a premium
Tuesday, 1 August 2017, 12:12 pm | BusinessDesk
Aug. 1 (BusinessDesk) - Moa Group, the craft beer brewer, has raised about $329,000 from a US investor who paid a 6.8 percent premium for the small shareholding, and announced a board reshuffle with the exit of founding director and pioneering winemaker ... More >>
NZ dollar falls vs euro
Tuesday, 1 August 2017, 11:50 am | BusinessDesk
Aug. 1 (BusinessDesk) - The New Zealand dollar fell to a two-week low against the euro after a slight dip in European Union unemployment and stronger inflation added to the case for the European Central Bank to begin dialing back its quantitative ... More >>
Powerhouse Ventures in trading halt
Monday, 31 July 2017, 9:18 pm | BusinessDesk
July 31 (BusinessDesk) - Christchurch-based technology incubator Powerhouse Ventures has sought a trading halt of its ASX-listed shares after the National Business Review reported a mass resignation of directors at investee firm Hydroworks. More >>
MARKET CLOSE: NZ shares gain led by A2 Milk
Monday, 31 July 2017, 8:47 pm | BusinessDesk
July 31 (BusinessDesk) - New Zealand shares rose led by A2 Milk amid optimism it will stand to benefit from Chinese efforts to reduce the number of infant formula brands available in its market, while Xero reached a three-year high as investors ... More >>
NZ dollar treads water ahead of key data later in week
Monday, 31 July 2017, 8:46 pm | BusinessDesk
July 31 (BusinessDesk) - The New Zealand dollar inched higher as the greenback remains out of favour and investors await key data later in the week. More >>
Tesbrit gets greenlight to buy up to 49.9% of 2degrees
Monday, 31 July 2017, 8:45 pm | BusinessDesk
Tesbrit gets greenlight to buy up to 49.9% of 2degrees should the opportunity arise More >>
