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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 460]
AFT Pharmaceuticals expects sales to hit analyst forecast
Friday, 17 February 2017, 12:26 pm | BusinessDesk
Feb. 17 (BusinessDesk) - AFT Pharmaceuticals, which manufactures the Maxigesic painkiller, expects annual sales to meet analysts' forecasts of about $70 million and has adjusted its loan covenant with shareholder Capital Royalty Group. More >>
Abano recommends investors reject increased Healthcare offer
Friday, 17 February 2017, 12:24 pm | BusinessDesk
Feb. 17 (BusinessDesk) - Abano Healthcare recommended investors continue to reject a partial takeover bid for the medical investor after Healthcare Partners raised its offer price yesterday. Abano also refused to allow access to its books to pave ... More >>
NZ dollar may rise as markets await new Trump policies
Friday, 17 February 2017, 11:23 am | BusinessDesk
Feb. 17 (BusinessDesk) - The New Zealand dollar was little changed and may test new multi-month highs against the greenback as optimism about US President Donald Trump's economic policies starts to wane. More >>
TTR retreads rejected argument in 2nd bid to mine iron sands
Friday, 17 February 2017, 10:09 am | BusinessDesk
Feb. 17 (BusinessDesk) - Fisheries groups have teamed up to oppose Trans Tasman Resources' second bid to mine iron sands from the ocean floor in New Zealand's Exclusive Economic Zone, and were joined by Origin Energy Resources Kupe NZ - on behalf of the Kupe ... More >>
While you were sleeping: Wall St eases
Friday, 17 February 2017, 9:31 am | BusinessDesk
Feb. 17 (BusinessDesk) - Wall Street slipped, retreating after earlier touching fresh record highs, as investors reassessed valuations while waiting for details of US President Donald Trump’s “phenomenal” tax plans. More >>
While you were sleeping: Wall St eases
Friday, 17 February 2017, 7:28 am | BusinessDesk
Feb. 17 (BusinessDesk) - Wall Street slipped, retreating after earlier touching fresh record highs, as investors reassessed valuations while waiting for details of US President Donald Trump’s “phenomenal” tax plans. More >>
Brian Gaynor steps back at Milford
Friday, 17 February 2017, 12:58 am | BusinessDesk
Feb. 16 (BusinessDesk) - Milford Asset Management's principal Brian Gaynor is taking a step back from the fund manager's investment operations, handing over portfolio management to people with the international experience he says is needed due to the ... More >>
MARKET CLOSE: NZ shares fall as Spark earnings disappoint
Thursday, 16 February 2017, 8:41 pm | BusinessDesk
Feb. 16 (BusinessDesk) - New Zealand shares dropped, led by Spark New Zealand as company earnings show the telecommunications sector is experiencing stiff competition, while Sky Network Television fell as its merger continues to attract opposition. ... More >>
NZ dollar extends gains on Trump Factor concern
Thursday, 16 February 2017, 8:13 pm | BusinessDesk
Feb. 16 (BusinessDesk) - The New Zealand dollar extended its gains amid concern financial markets have been building too much optimism about US President Donald Trump's ability to deliver tax cuts and US economic growth. More >>
Abano shareholders consider 100% takeover bid
Thursday, 16 February 2017, 8:09 pm | BusinessDesk
Feb. 16 (BusinessDesk) - Healthcare Partners Holdings will consider mounting a full takeover bid for Abano Healthcare provided it can get access to the medical investor's books, and has raised its bid for a controlling stake in the meantime. More >>
Fonterra sees smaller decline in 2017 milk production
Thursday, 16 February 2017, 7:51 pm | BusinessDesk
Feb. 16 (BusinessDesk) - Fonterra sees a smaller decline in local milk production after better-than-expected collections followed unfavourable weather during peak milking months. More >>
NZ's iron sand deposits a 'world-class' resource
Thursday, 16 February 2017, 7:40 pm | BusinessDesk
Feb. 16 (BusinessDesk) - Trans Tasman Resource, which is making a second attempt to get consent to mine iron sands from the ocean floor in New Zealand's exclusive economic zone, says the deposits are a "world-class" resource that could be lifting ... More >>
Brian Gaynor steps back at Milford
Thursday, 16 February 2017, 7:38 pm | BusinessDesk
Feb. 16 (BusinessDesk) - Milford Asset Management's principal Brian Gaynor is taking a step back from the fund manager's investment operations, handing over portfolio management to people with the international experience he says is needed due to the ... More >>
Broadband bargain-hunting forces Spark to change tack
Thursday, 16 February 2017, 5:28 pm | BusinessDesk
Feb. 16 (BusinessDesk) - New Zealanders holding out for the cheapest broadband they can find is forcing Spark New Zealand to compete more aggressively on price. More >>
Landcorp Farming name 'too 80s'; should rebrand as 'Pamu'
Thursday, 16 February 2017, 4:37 pm | BusinessDesk
Feb. 16 (BusinessDesk) - State-owned enterprise Landcorp Farming, which is trying to move its business away from mass commodities and into higher value branded contracts, should change its name to reflect its new identity, Labour MP Rino Tirikatene told ... More >>
Tax cuts still in the mix for Joyce's first budget
Thursday, 16 February 2017, 4:34 pm | BusinessDesk
Feb. 16 (BusinessDesk) - Tax cuts for lower and middle-income earners are one of four key areas Finance Minister Steven Joyce is looking at for his first Budget in May. More >>
NZ consumer confidence eases in February
Thursday, 16 February 2017, 4:18 pm | BusinessDesk
Feb. 16 (BusinessDesk) - New Zealand consumer confidence eased in February, although remained above average, with more consumers feeling better off personally than they did a year earlier. More >>
Andy Coupe talks resignation over Pike River re-entry
Thursday, 16 February 2017, 3:38 pm | BusinessDesk
Feb. 16 (BusinessDesk) - Andy Coupe, chair of failed state-owned coal miner Solid Energy, said at a fiery select committee this morning that he would consider resigning if the government orders the company to re-enter the Pike River coal mine. More >>
UPDATE: Spark considering options
Thursday, 16 February 2017, 3:36 pm | BusinessDesk
Feb. 16 (BusinessDesk) - Spark New Zealand is considering its next move after Sky Network Television said it won't delay a planned merger with Vodafone New Zealand for a few days to allow for appeals if the deal gets regulatory approval next week. More >>
Chinese tourists discovering NZ's best-kept secret
Thursday, 16 February 2017, 3:20 pm | BusinessDesk
Feb. 16 (BusinessDesk) - A new breed of more independent Chinese tourists is helping drive an explosion in the number of international visitors staying in New Zealand motels. More >>
