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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 388]
CORRECT: Kiwi Property retail investors take up half
Wednesday, 12 July 2017, 4:33 pm | BusinessDesk
July 12 (BusinessDesk) - Kiwi Property Group's retail investors took up half the shares available to them in their component of a planned $161 million capital raise, which the property investor wants to help fund expansion projects in Auckland. More >>
Acquisitions, economic growth drive Waste Management sales
Wednesday, 12 July 2017, 3:39 pm | BusinessDesk
July 12 (BusinessDesk) - Waste Management, New Zealand's biggest waste collection and recycling company, lifted sales by 2.3 percent in 2016 through a combination of acquisitions and increased demand and says it is enjoying another year of growth. More >>
NZ guest nights rise in May as tourism continues unabated
Wednesday, 12 July 2017, 2:29 pm | BusinessDesk
July 12 (BusinessDesk) - New Zealand national guest nights rose in May as the strong influx of tourists continued and as domestic stays also pushed higher. More >>
Pushpay raises $25 mln in bookbuild, plans US listing
Wednesday, 12 July 2017, 1:36 pm | BusinessDesk
July 12 (BusinessDesk) - Pushpay, the mobile payments app developer, is in a trading halt ahead of a $25 million bookbuild, which it says will accelerate its growth, and has raised its annualised committed monthly revenue (ACMR) target to US$100 million. More >>
Kiwi Property retail investors take up half entitlements
Wednesday, 12 July 2017, 1:06 pm | BusinessDesk
July 12 (BusinessDesk) - Kiwi Property Group's retail investors took up half the shares available to them in their component of a planned $161 million capital raise, which the property investor wants to help fund expansion projects in Auckland. More >>
NZ dollar falls vs euro
Wednesday, 12 July 2017, 12:01 pm | BusinessDesk
July 12 (BusinessDesk) - The New Zealand dollar fell against the euro and the yen, which rose against the greenback after Donald Trump Jr released a string of emails that indicated Russia was trying to help his father's campaign to become US president. More >>
While you were sleeping: Trump Jr shakes Wall St
Wednesday, 12 July 2017, 11:08 am | BusinessDesk
July 12 (BusinessDesk) - Wall Street was mixed, recovering from an earlier decline amid fresh concerns about ties between President Donald Trump’s administration and Russia. More >>
NZ bank profits fall in first quarter
Wednesday, 12 July 2017, 10:27 am | BusinessDesk
July 12 (BusinessDesk) - New Zealand bank profits shrank in the first three months of the year as smaller lenders chased market share at the expense of margin. More >>
MARKET CLOSE: NZ shares up, A2 and Air NZ continue gains
Tuesday, 11 July 2017, 8:43 pm | BusinessDesk
MARKET CLOSE: NZ shares up, A2 and Air NZ continue gains while Kathmandu hits 2.5 year high More >>
NZ dollar falls as electronic card spending misses
Tuesday, 11 July 2017, 8:28 pm | BusinessDesk
July 11 (BusinessDesk) - The New Zealand dollar fell after investors were disappointed by softer than expected retail spending on electronic cards in June, despite a boost from the British and Irish Lions' rugby tour. More >>
Maui Capital gets nibbles for Freshmax
Tuesday, 11 July 2017, 8:20 pm | BusinessDesk
July 11 (BusinessDesk) - Australasian fresh produce business Freshmax has attracted interest from potential buyers and an ownership change is possible before the end of September, say sources close to the sale process. More >>
Vista shares rise 3.5% as Fox sign-up to Movio
Tuesday, 11 July 2017, 8:19 pm | BusinessDesk
Vista shares rise 3.5% as Fox sign-up to Movio shows 'proof of life' for analytics More >>
SLI Systems shares sink to record low
Tuesday, 11 July 2017, 6:27 pm | BusinessDesk
July 11 (BusinessDesk) - SLI Systems shares sank to a record low, extending this year's decline, as a dearth of news ahead of next month's earnings season has seen some investors exit the e-commerce software vendor. More >>
Zespri plans to carry out targeted share buyback
Tuesday, 11 July 2017, 6:25 pm | BusinessDesk
July 11 (BusinessDesk) - Kiwifruit exporter Zespri plans a targeted share buyback and issue programme next year after the government approved changes to the kiwifruit export regulations. More >>
Trade Me to buy Motorcentral dealer platform
Tuesday, 11 July 2017, 4:19 pm | BusinessDesk
July 11 (BusinessDesk) - Trade Me Group, the country's dominant online auction site, will buy Limelight Software, which operates the cloud-based auto dealer management platform motorcentral.co.nz, for an undisclosed sum provided it gets Commerce Commission ... More >>
NZ retail card spending flat in June
Tuesday, 11 July 2017, 2:30 pm | BusinessDesk
July 11 (BusinessDesk) - New Zealand retail spending on electronic cards was unchanged in June as hospitality - largely linked to the British and Irish Lions rugby tour - offset lower fuel prices. More >>
$1B housing infrastructure fund to Auckland and Hamilton
Tuesday, 11 July 2017, 2:05 pm | BusinessDesk
July 11 (BusinessDesk) - The government has allocated its $1 billion housing infrastructure fund across five areas of New Zealand which it says are "critical high growth areas" for the country. More >>
Jade Software split in two
Tuesday, 11 July 2017, 12:31 pm | BusinessDesk
July 11 (BusinessDesk) - Jade Software has been split in a shake-up of ownership that's left UK non-bank lender Skipton Building Society holding the digital arm and USA Health with the logistics unit. More >>
NZ dollar little changed as US inflation data awaited
Tuesday, 11 July 2017, 11:37 am | BusinessDesk
July 11 (BusinessDesk) - The New Zealand dollar was little changed, having traded in a 0.50 US cent range for the past week, as traders await testimony from Federal Reserve chair Janet Yellen and US inflation data to provide fresh impetus to the ... More >>
While you were sleeping: Wall St moves higher
Tuesday, 11 July 2017, 10:44 am | BusinessDesk
July 11 (BusinessDesk) - Wall Street moved higher with technology stocks as investors awaited Federal Reserve Chair Janet Yellen’s semiannual testimony to Congress and the start of the latest quarterly earnings season. More >>
