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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 501]
Latest twist to Hellaby takeover offer
Wednesday, 23 November 2016, 9:03 am | BusinessDesk
Nov. 22 (BusinessDesk) - Bapcor, the Australian-based automotive parts company which has launched a takeover offer for Hellaby Holdings has written to Hellaby shareholders to take issue with the independent advisor's report prepared by Grant Samuel. More >>
Market Close: Metro Glass and Ryman drop while A2 rises
Wednesday, 23 November 2016, 8:54 am | BusinessDesk
Nov. 22 (BusinessDesk) - New Zealand shares fell as Metro Performance Glass, Ryman Healthcare and Auckland International Airport declined while A2 Milk gained following its annual meeting. More >>
Heartland Bank retains interest in ANZ's UDC division
Wednesday, 23 November 2016, 8:53 am | BusinessDesk
Nov. 22 (BusinessDesk) - Heartland Bank has told investors that it remains interested in buying asset finance company UDC from ANZ Bank, describing it as an "ideal fit." More >>
Baby X technology spin-out gains US$7.5 million funding
Wednesday, 23 November 2016, 8:50 am | BusinessDesk
Mark Sagar, the Oscar-winning Auckland University professor behind the world-renowned Baby X intelligent, emotionally responsive avatar, has launched a spin-out company, Soul Machines, after attracting US$7.5 million in a series A financing round led ... More >>
UPDATE: Wynyard's Cognevo division sold
Wednesday, 23 November 2016, 8:46 am | BusinessDesk
Nov. 22 (BusinessDesk) - The administrators of crime-fighting software company, Wynyard, have sold its Cognevo division. More >>
While you were sleeping: Fresh record highs
Wednesday, 23 November 2016, 7:51 am | BusinessDesk
Nov. 23 (BusinessDesk) - Wall Street seesawed after reaching fresh record highs earlier in the day amid bets on an upbeat outlook for economic and corporate profit growth, while oil prices slid on a stalemate between Iran and Iraq on production cuts. More >>
Trump to withdraw from TPP on day-one of Presidency
Tuesday, 22 November 2016, 5:26 pm | BusinessDesk
United States President-elect Donald Trump will withdraw from the Trans-Pacific Partnership (TPP) on the first day of his presidency. More >>
Telstra eyes parts of Wynyard, reports say
Tuesday, 22 November 2016, 5:05 pm | BusinessDesk
Nov. 22 (BusinessDesk) - Part of failed crime-fighting software company Wynyard could be bought by Australian telecoms giant, Telstra, Fairfax Media has reported. More >>
Energy Mad borrows $1mn at 20% as losses narrow
Tuesday, 22 November 2016, 5:01 pm | BusinessDesk
Nov. 22 (BusinessDesk) - Energy Mad, the energy efficient light-bulb developer and retailer has borrowed a further $1 million to meet its capital needs, paying an interest rate of 20 percent under a one-year loan from Smartshares Limited, the pioneer of ... More >>
Migration hits another record high in October
Tuesday, 22 November 2016, 4:57 pm | BusinessDesk
Nov. 22 (BusinessDesk) - New Zealand's annual net gain of migrants hit another record high in October, rising to 70,300, surpassing the previous peak of 70,000 set in September, Statistics NZ says. More >>
Pumpkin Patch stores to close, no buyer emerges
Tuesday, 22 November 2016, 4:44 pm | BusinessDesk
Nov. 22 (BusinessDesk) - No buyers have emerged for children's clothing retailer Pumpkin Patch, meaning the company will sell all stock and be wound down, with 63 people losing their jobs this week, the receivers have announced. More >>
Volpara raises A$7M in discounted placement
Tuesday, 22 November 2016, 4:09 pm | BusinessDesk
Nov. 22 (BusinessDesk) - Volpara Health Technologies, the Wellington-based, ASX-listed digital health company, has raised A$7 million in a discounted placement and plans to raise a further A$3.7 million in an entitlement offer to shareholders. More >>
New CEO of Spark Ventures big data division Qrious
Tuesday, 22 November 2016, 4:06 pm | BusinessDesk
Nov. 22 (BusinessDesk) - David Leach, the former senior vice president at Orion Health, has been appointed chief executive of Spark's big data venture Qrious. More >>
Too much migration discourages investment: Treasury
Tuesday, 22 November 2016, 3:42 pm | BusinessDesk
Nov. 22 (BusinessDesk) - Less reliance on immigration to fill workforce skills gaps and far better value for money from government spending on social policy and higher education emerge as essential counterweights to ballooning health and pension costs ... More >>
Turners predicts 2018 earnings uplift after buying Autosure
Tuesday, 22 November 2016, 2:00 pm | BusinessDesk
Nov. 22 (BusinessDesk) - Turners, the financial services firm formerly known as Dorchester Pacific, expects a "significant" earnings uplift after buying motor insurer Autosure from Suncorp New Zealand. More >>
NPT lifts 1H profit as it mulls hostile bid
Tuesday, 22 November 2016, 1:25 pm | BusinessDesk
Nov. 22 (BusinessDesk) - NPT, the listed property investor, lifted first-half profit 2.3 percent and says it's still considering a hostile bid from rival Augusta Capital. More >>
F&P Healthcare posts 26% gain in 1H profit
Tuesday, 22 November 2016, 1:06 pm | BusinessDesk
Nov. 22 (BusinessDesk) - Fisher & Paykel Healthcare, the medical device maker, increased first-half profit 26 percent and widened its margins, reiterating its forecast for a record annual profit this year. More >>
Metro Glass CEO Rigby aims to cut debt after 1H result
Tuesday, 22 November 2016, 12:04 pm | BusinessDesk
Nov. 22 (BusinessDesk) - Metro Performance Glass chief executive Nigel Rigby says the company wants to reduce its gearing but also invest in New Zealand and Australia, where it sees growth in demand More >>
NZ dollar gains with other commodity currencies
Tuesday, 22 November 2016, 11:28 am | BusinessDesk
Nov. 22 (BusinessDesk) - The New Zealand dollar rose along with other commodity linked currencies as raw material prices gained and the greenback slipped from a 16-year high. More >>
Dairy farms near Kaikoura forced to dump milk
Tuesday, 22 November 2016, 9:17 am | BusinessDesk
Nov. 21 (BusinessDesk) - Fonterra Cooperative Group says milk collection has been restored in earthquake damaged Culverden, Waiau and Amuri areas in the upper South Island but 22 farms near Kaikoura are still without road access and are being forced ... More >>
