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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 479]
Pushpay in talks with large US vendors over product offering
Thursday, 12 January 2017, 8:39 am | BusinessDesk
Jan. 11 (BusinessDesk) - Pushpay Holdings says it's moving up the value chain and is in talks with large US vendors about its expanded product offering, after confirming it's on track to reach US$72 million in annualised committed monthly revenue (ACMR) ... More >>
NZ dollar continues drop against Aussie dollar
Thursday, 12 January 2017, 8:37 am | BusinessDesk
Jan. 11 (BusinessDesk) - The New Zealand dollar traded at its lowest level against the Australian dollar since November, and has fallen more than 2 percent since the start of 2017 as it broke out of a key trading range. More >>
Bapcor and Hellaby directors to meet
Thursday, 12 January 2017, 8:34 am | BusinessDesk
Jan. 11 (BusinessDesk) - Directors of Bapcor and Hellaby Holdings are to meet on Thursday and Friday of this week, with Hellaby's board planning to issue an updated recommendation to shareholders "as soon as is practicable". More >>
MARKET CLOSE: NZ shares mixed
Thursday, 12 January 2017, 8:22 am | BusinessDesk
Jan. 11 (BusinessDesk) - New Zealand shares were mixed, with A2 Milk Co jumping near the close after rival Bellamy's cut its forecasts, while Tourism Holdings and Summerset Group Holdings fell. More >>
While you were sleeping: Trump hits pharma stocks
Thursday, 12 January 2017, 7:57 am | BusinessDesk
Jan. 12 (BusinessDesk) - Wall Street fluctuated, while US Treasuries rose, following Donald Trump’s first press conference as US President-elect, which sent health care stocks tumbling but stopped short of stimulus details investors had hoped for. More >>
CityFitness posts profit in 2016
Wednesday, 11 January 2017, 2:11 pm | BusinessDesk
Jan. 11 (BusinessDesk) - Cityfitness Group, a unit of Canada’s #1 Nautilus Fitness & Racquets Centres Group, reported a lift in net profit in the year to March 2016, turning around the prior year’s loss. More >>
Pushpay's 3q update confirms 2017 ACMR and breakeven target
Wednesday, 11 January 2017, 1:48 pm | BusinessDesk
Jan. 11 (BusinessDesk) - Pushpay Holdings, the mobile payments app developer, says its annualised committed monthly revenue (ACMR) grew US$8.4 million in the December quarter, including US$1.1 million it made from acquiring US church app business ... More >>
ANZ sells UDC Finance to China's HNA Group for $660 million
Wednesday, 11 January 2017, 1:04 pm | BusinessDesk
Jan. 11 (BusinessDesk) - ANZ Bank New Zealand has sold UDC Finance to HNA Group for $660 million, marking the Chinese company's first foray into New Zealand. More >>
Augusta drops legal action against NPT
Wednesday, 11 January 2017, 12:41 pm | BusinessDesk for Yahoo
Jan. 11 (BusinessDesk) - Augusta Capital has dropped its High Court proceedings seeking orders requiring listed property investor NPT to call a meeting of shareholders to discuss its hostile bid, with a notice of meeting to be issued in February. More >>
NZ dollar falls as data shows US economy in good heart
Wednesday, 11 January 2017, 12:00 pm | BusinessDesk
Jan. 11 (BusinessDesk) - The New Zealand dollar fell as the latest data showed the US economy continues to remain in good health ahead of president-elect Donald Trump's first press conference since winning the November election. More >>
NZ property values rise more slowly in December
Wednesday, 11 January 2017, 11:21 am | BusinessDesk
Jan. 11 (BusinessDesk) – New Zealand residential property values continued to push higher in December but the rate slowed in some areas as tighter lending restrictions continue to bite. More >>
While you were sleeping: Nasdaq hits record high
Wednesday, 11 January 2017, 7:57 am | BusinessDesk
Jan. 11 (BusinessDesk) - Wall Street gained as better-than-expected data from China underpinned optimism about the outlook as investors geared up for a fresh round of US corporate earnings. More >>
While you were sleeping: Oil weighs on Dow
Tuesday, 10 January 2017, 7:53 am | BusinessDesk
Jan. 10 (BusinessDesk) - The Dow and S&P 500 fell from record highs as energy stocks moved lower with the price of oil, while the Nasdaq hit a fresh high and US Treasuries strengthened. More >>
MARKET CLOSE: NZ shares mixed
Friday, 6 January 2017, 9:02 pm | BusinessDesk
MARKET CLOSE: NZ shares mixed; Warehouse and NZ Refining gain, Z Energy and Kathmandu decline More >>
NZ dollar may edge higher
Friday, 6 January 2017, 9:01 pm | BusinessDesk
Jan. 6 (BusinessDesk) - The New Zealand may extend recent gains as Chinese efforts to prevent capital leaving the country saw a sharp appreciation in the yuan at the greenback's expense, keeping investors wary of more action sanctioned by Beijing. More >>
Restaurant Brands settlement of Hawaiian deal delayed
Friday, 6 January 2017, 8:59 pm | BusinessDesk
Jan. 6 (BusinessDesk) - Restaurant Brands New Zealand says its deal to buy Pacific Island Restaurants (PIR), the largest fast-food operator in Hawaii with 82 Taco Bell and Pizza Hut stores, has been delayed until the end of February. More >>
CBL completes purchase of French insurance creator
Friday, 6 January 2017, 2:58 pm | BusinessDesk
Jan. 6 (BusinessDesk) - CBL Corp has completed its 94.5 million euro purchase of France's Securities and Financial Solutions Europe SA (SFS), taking over its biggest customer in a deal the credit and financial risk insurer expects to lift earnings. More >>
NZ dollar climbs above 70 US cts
Friday, 6 January 2017, 2:57 pm | BusinessDesk
NZ dollar climbs above 70 US cts as Chinese yuan soars on capital controls, US rate path questioned More >>
ERoad Q4 result 'broadly in line' with expectations
Friday, 6 January 2017, 2:56 pm | BusinessDesk
Jan. 5 (BusinessDesk) - ERoad, the logistics and fleet management company, said its total contracted units at the end of 2016 were "broadly in line" with expectations, with a 5.1 percent lift from a quarter earlier. More >>
MARKET CLOSE: NZ shares mixed
Friday, 6 January 2017, 2:55 pm | BusinessDesk
Jan. 5 (BusinessDesk) - New Zealand shares were mixed in holiday trading with yield stocks such as Spark New Zealand and Chorus attracting buyers, while A2 Milk Co was dragged lower by a looming boardroom stoush at ASX-listed rival Bellamy's Australia. More >>
