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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 435]
Contract delays lower Orion Health full-year guidance
Monday, 3 April 2017, 1:44 pm | BusinessDesk
April 3 (BusinessDesk) - Orion Health, the healthcare software developer whose shares have dropped 44 percent in the past 12 months, said full-year sales fell but it still expects to post a narrower loss and be profitable in 2018. It has been in talks with ... More >>
Cavalier CFO Hipkiss resigns, effective immediately
Monday, 3 April 2017, 12:57 pm | BusinessDesk
April 3 (BusinessDesk) - Cavalier Corp said Sarah Hipkiss has resigned from her position as chief financial officer with effect immediately. More >>
FMA casts regulatory net out to short-term derivatives
Monday, 3 April 2017, 12:41 pm | BusinessDesk
April 3 (BusinessDesk) - The Financial Markets Authority wants to license all short-term derivatives firms before the year is out, with the sector accounting for about 40 percent of complaints to the regulator over the past 18 months. More >>
Property for Industry managers to reap $42M payday
Monday, 3 April 2017, 12:39 pm | BusinessDesk
April 3 (BusinessDesk) - The managers of Property For Industry will reap a $42 million payday under a proposal for the industrial property investor to internalise the management contract, a deal Deloitte has deemed fair. More >>
World Week Ahead: US jobs data, Fed minutes
Monday, 3 April 2017, 12:12 pm | BusinessDesk
April 3 (BusinessDesk) - Investors will closely watch the latest US jobs data to gauge the likelihood that the Federal Reserve might lift interest rates at a faster pace than it has so far signalled. More >>
NZ dollar holds below 70 US cents at start of week
Monday, 3 April 2017, 11:40 am | BusinessDesk
April 3 (BusinessDesk) - The New Zealand dollar was little changed below 70 US cents, having traded in a 1 US cent range for more than a fortnight, as it starts a week with little on the local calendar and the focus likely to be on US data. More >>
Summerset Group completes $600 million syndicated loan
Friday, 31 March 2017, 8:55 pm | BusinessDesk
March 31 (BusinessDesk) - Summerset Group expands funding lines with a new $600 million syndicated loan facility refinance to pay for development projects in existing and future retirement villages as a housing boom continues and an ageing population grows. More >>
MARKET CLOSE: NZ shares rise, Vista and Xero gain
Friday, 31 March 2017, 8:44 pm | BusinessDesk
March 31 (BusinessDesk) - New Zealand shares gained, led by Vista Group International and Xero, while Goodman Property and Arvida Group declined. More >>
NZ dollar ends first quarter weaker than RBNZ forecast
Friday, 31 March 2017, 8:43 pm | BusinessDesk
March 31 (BusinessDesk) - The New Zealand dollar is weaker than the central bank forecast on a trade-weighted basis at the end of the first quarter, although it has largely held its ground against the greenback, benefiting from disappointment over ... More >>
OIO approves Australian private equity swoop
Friday, 31 March 2017, 8:42 pm | BusinessDesk
March 31 (BusinessDesk) - The Overseas Investment Office approved Australian private equity raids on New Zealand food and transport businesses, each worth more than $100 million. More >>
Statistics House quake performance unacceptable
Friday, 31 March 2017, 8:41 pm | BusinessDesk
March 31 (BusinessDesk) - Wellington's Statistics House performed unacceptably in the November Kaikōura earthquake and could have caused fatalities, an independent investigation has found. More >>
NZME boss Boggs's pay-packet eclipsed by mystery millionaire
Friday, 31 March 2017, 8:39 pm | BusinessDesk
March 31 (BusinessDesk) - NZME chief executive Michael Boggs was the second highest-paid employee at the radio network operator and newspaper publisher last year, with a mystery million-dollar staffer taking the top pay packet. More >>
NZ business confidence continues to decline in March
Friday, 31 March 2017, 4:35 pm | BusinessDesk
March 31 (BusinessDesk) - New Zealand business confidence eased in March, continuing February's fall, as sentiment dropped to average levels with declines from retailing, construction and agriculture. More >>
McClay put the kaibosh on Landcorp name change plan
Friday, 31 March 2017, 4:15 pm | BusinessDesk
March 31 (BusinessDesk) - Government-owned farmer Landcorp was rebuffed by State-Owned Enterprises Minister Todd McClay from changing its name to align its business with its new 'Pamu' brand, amid claims it was "a waste of time and money", according to ... More >>
Oceania Healthcare to list on NZX, ASX after $200mn IPO
Friday, 31 March 2017, 2:55 pm | BusinessDesk
March 31 (BusinessDesk) - Retirement village operator Oceania Healthcare is planning to raise $200 million in a much-anticipated initial public offering in order to cut its debt and potentially buy new development sites, and will list on the NZX and ... More >>
NZ residential buildings perk up in February after a lull
Friday, 31 March 2017, 2:48 pm | BusinessDesk
March 31 (BusinessDesk) - New Zealand residential building consents posted their biggest monthly gain in eight months in February, snapping out of a lull that persisted through spring and summer. More >>
NPT chairman Sewell 'disappointed' with shareholder dissent
Friday, 31 March 2017, 2:09 pm | BusinessDesk
March 31 (BusinessDesk) - NPT chairman Tony Sewell says Salt Funds Management's dissenting view on a proposed deal with Kiwi Property Group is out of line with other major shareholders and he will take it up directly with the fund manager. More >>
Kiwis less optimistic about labour market in first quarter
Friday, 31 March 2017, 1:45 pm | BusinessDesk
March 31 (BusinessDesk) - New Zealanders are slightly less optimistic about the state of the labour market, with increased concern about job security and opportunities, according to the latest Westpac McDermott Miller employment confidence survey. More >>
NZ dollar sinks back to 70 US cents
Friday, 31 March 2017, 11:46 am | BusinessDesk
March 31 (BusinessDesk) - The New Zealand dollar fell against the greenback after US fourth-quarter gross domestic product was revised up and gained versus the euro after weaker than expected inflation data from Spain and Germany. More >>
While you were sleeping: Wall St, greenback gain
Friday, 31 March 2017, 10:55 am | BusinessDesk
March 31 (BusinessDesk) - Wall Street and the US dollar advanced, while Treasuries declined, after a report showed stronger economic growth than previously estimated. More >>
