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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 412]
MARKET CLOSE: NZ stocks slip after Manchester concert attack
Tuesday, 23 May 2017, 9:16 pm | BusinessDesk
MARKET CLOSE: NZ stocks slip as Manchester concert attack drags on investor sentiment, Comvita drops More >>
NZ dollar climbs above 70 US cents
Tuesday, 23 May 2017, 9:15 pm | BusinessDesk
May 23 (BusinessDesk) - The New Zealand dollar rose above 70 US cents for the first time in about a month on expectations this week's budget will paint an upbeat picture of the domestic economy at a time political uncertainties have weighed on the greenback. More >>
Three fintech start-ups pitch for funds
Tuesday, 23 May 2017, 9:14 pm | BusinessDesk
May 23 (BusinessDesk) - Three of the financial technology start-ups in the Kiwibank Fintech Accelerator programme pitched their ideas to investors before the public demonstration day event in Wellington last week. More >>
Briscoe's ASX listing won't derail cautious investment
Tuesday, 23 May 2017, 4:03 pm | BusinessDesk
May 23 (BusinessDesk) - Briscoe Group's cautious and methodical approach to making investments or acquisitions won't be cast aside with the retailer's plan to seek a secondary listing on the Australian Securities Exchange, says chair Rosanne Meo. More >>
Macquarie lifts F&P Healthcare price target by 7.3%
Tuesday, 23 May 2017, 3:35 pm | BusinessDesk
May 23 (BusinessDesk) - Macquarie Group lifted its 12-month target price on Fisher & Paykel Healthcare by 7.3 percent and kept its 'outperform' rating after the company's full-year revenue growth beat expectations and as a weaker New Zealand dollar weighs ... More >>
Rex Bionics shareholders agree to watered down stake
Tuesday, 23 May 2017, 3:25 pm | BusinessDesk
May 23 (BusinessDesk) - Rex Bionics investors have backed a deal that will see their investment diluted to little more than a third of the company in exchange for a A$10 million lifeline by Australian fund manager and fellow shareholder BioScience Managers. More >>
Serko shares climb to 6-month high as annual loss shrinks
Tuesday, 23 May 2017, 3:05 pm | BusinessDesk
May 23 (BusinessDesk) - Serko shares jumped to a six-month high after the online travel booking software firm said it boosted sales and scaled back spending, allowing it to almost halve its annual loss and affirm its target of making a profit in 2018. More >>
Ebos to buy Australia's HPS, expanding pharmacy footprint
Tuesday, 23 May 2017, 1:14 pm | BusinessDesk
May 23 (BusinessDesk) - Ebos Group, the pharmaceutical and animal health products maker, has entered a binding agreement to acquire HPS, Australia’s largest provider of outsourced pharmacy services to hospitals, for A$154 million. More >>
Serko narrows annual loss as sales rise
Tuesday, 23 May 2017, 12:31 pm | BusinessDesk
May 23 (BusinessDesk) - Serko almost halved its annual loss as the online travel booking software firm boosted sales and scaled back spending, giving it confidence to affirm its target of making a profit in 2018. More >>
Xero wins plaudits for artificial intelligence product suite
Tuesday, 23 May 2017, 11:40 am | BusinessDesk
May 22 (BusinessDesk) - Xero has won plaudits in a wide-ranging report on artificial intelligence by Asian broking firm CLSA, which counts the New Zealand software developer among the top-10 listed firms in the region where AI and machine learning are having ... More >>
NZ dollar gains as risk appetite indicators improve
Tuesday, 23 May 2017, 11:38 am | BusinessDesk
May 23 (BusinessDesk) - The New Zealand dollar rose to its highest level in a month as measures of investor risk appetite improved and as the market awaits the minutes to this month's Federal Reserve policy meeting. More >>
While you were sleeping: Wall St, oil climb
Tuesday, 23 May 2017, 10:27 am | BusinessDesk
May 23 (BusinessDesk) - Wall Street and oil moved higher, following a weekend during which US President Donald Trump made few stumbles in his first overseas trip and major oil producers seemed to agree on extending a plan to curtail output More >>
English doubts Navy caught by fraudster 'Fat Leonard'
Monday, 22 May 2017, 8:52 pm | BusinessDesk
May 22 (BusinessDesk) - Prime Minister Bill English says he doubts any New Zealand public servants would have got involved in shenanigans with Leonard Glenn Francis, the Malaysian defence contractor known as Fat Leonard who has been jailed in the ... More >>
MARKET CLOSE: NZ shares rise as blue-chips follow Asia
Monday, 22 May 2017, 8:51 pm | BusinessDesk
MARKET CLOSE: NZ shares rise as blue-chips follow Asia's lead; F&P, KPG fail to fire More >>
NZ dollar may gain as Trump uncertainty weighs on US
Monday, 22 May 2017, 8:49 pm | BusinessDesk
May 22 (BusinessDesk) - The New Zealand dollar may gain against the greenback this week as investors question whether US President Donald Trump's fiscal policies will get bogged down in political scandal and weigh on the need for aggressive rate hikes ... More >>
Final days of Trans Tasman Resources hearing underway
Monday, 22 May 2017, 8:48 pm | BusinessDesk
May 22 (BusinessDesk) - The final days of the hearing to determine whether Trans Tasman Resources gets a green light to mine iron sands from the ocean floor in New Zealand's Exclusive Economic Zone kicked off in Wellington. More >>
Fintech start-ups coy about asking for money at demo day
Monday, 22 May 2017, 5:31 pm | BusinessDesk
May 22 (BusinessDesk) - Seven financial technology start-ups pitching ideas after a three-month accelerator programme drew a big crowd to their demonstration day in Wellington but were strangely coy in actually asking for capital despite two already ... More >>
NZ log prices advance in 'humming' forestry sector
Monday, 22 May 2017, 2:31 pm | BusinessDesk
May 22 (BusinessDesk) - New Zealand export log prices generally rose this month, as key fundamentals move in the country's favour, AgriHQ said. More >>
Motor Trade Finance reports lower underlying profit
Monday, 22 May 2017, 2:30 pm | BusinessDesk
May 22 (BusinessDesk) - Motor Trade Finance reported a 3.4 percent slide in underlying profit but continues to grow market share in a very competitive car lending market. More >>
F&P Healthcare posts 18% gain in full-year profit
Monday, 22 May 2017, 12:55 pm | BusinessDesk
F&P Healthcare posts 18% gain in full-year profit on record sales, upbeat about 2018 More >>
