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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 529]
Irish researcher gets Kiwi pre-seed funding
Wednesday, 5 October 2016, 4:33 pm | BusinessDesk
Oct. 5 (BusinessDesk) - Irishman Brendan Darby arrived in New Zealand in 2011 with only a backpack to visit his brother; five years on he’s completed his physics PhD and is commercialising a next generation spectroscopy instrument thanks to government ... More >>
Trustpower demerger on hold
Wednesday, 5 October 2016, 2:47 pm | BusinessDesk
Oct. 5 (BusinessDesk) - Trustpower has delayed its plans to carve out its windfarms and renewable development pipeline into a standalone business after a once-in-50-year storm caused significant damage to the state's transmission system. More >>
LCT shares rise as company completes Parkinson's trial
Wednesday, 5 October 2016, 1:59 pm | BusinessDesk
Oct. 5 (BusinessDesk) - Shares of Australasian biotech company Living Cell Technologies rose 7.4 percent to 8.7 Australian cents on the ASX today after it announced the completion of the first stage of a clinical trial underway in Auckland of its planned ... More >>
KiwiSaver management fees climb 28% in 2016
Wednesday, 5 October 2016, 1:53 pm | BusinessDesk
Oct. 5 (BusinessDesk) - KiwiSaver investment management fees climbed 28 percent in the March 2016 year, outpacing the growth in funds under management as a rising number of members switched to more active schemes in a year when returns reduced. More >>
NZ commodity prices at 17-month high as dairy rallies
Wednesday, 5 October 2016, 1:47 pm | BusinessDesk
Oct. 5 (BusinessDesk) - New Zealand commodity prices rose for a fifth month in September, driven by dairy, although the strong kiwi dollar limited the benefits for local producers. More >>
Three DHBS lined up for NZ's largest ICT research project
Wednesday, 5 October 2016, 1:45 pm | BusinessDesk
Oct. 5 (BusinessDesk) - Precision Driven Health, New Zealand’s largest ICT research project, officially kicked off in Auckland today with the country’s largest district health board involved, while two other DHBs are poised to get involved in the public/private ... More >>
First NZ increases Airwork target price
Wednesday, 5 October 2016, 12:48 pm | BusinessDesk
Oct. 5 (BusinessDesk) - First NZ Capital has increased its target price for specialist aviation company Airwork Holdings in response to the takeover lock-up deed between China's Zhejiang Rifa Holding Group (RIFA) and Airwork's major shareholders. More >>
Auckland house sales, price growth slower than usual
Wednesday, 5 October 2016, 10:37 am | BusinessDesk
Oct. 5 (BusinessDesk) - Auckland house sales didn't get the boost expected in spring, with price growth moderating, Barfoot & Thompson says. More >>
Pushpay director buys shares in A$40m bookbuild
Wednesday, 5 October 2016, 10:15 am | BusinessDesk
Oct. 5 (BusinessDesk) - Pushpay Holdings director Chris Huljich participated in the mobile payments app developer's A$40 million capital raise ahead of a planned secondary listing on the ASX next week. More >>
Summerset third-quarter sales lift 21%
Wednesday, 5 October 2016, 9:52 am | BusinessDesk
Oct. 5 (BusinessDesk) - Summerset Group lifted third-quarter sales 21 percent from a year earlier as the opening of the main building at the retirement village's Wigram site in Christchurch attracted new residents. More >>
NZX cash trading climbs 14% in September
Wednesday, 5 October 2016, 9:48 am | BusinessDesk
Oct. 5 (BusinessDesk) - Cash trading on the NZX increased last month continuing August's upward trend, as the benchmark S&P/NZX 50 index reached new records in September and new debt listings remained attractive in a low interest rate environment. More >>
Infratil & NZ Super Fund team up
Wednesday, 5 October 2016, 9:47 am | BusinessDesk
Oct. 5 (BusinessDesk) - Infratil and the New Zealand Superannuation Fund have teamed up to invest in US renewable energy development company Longroad Energy Holdings, which is eyeing developments worth as much as US$100 million. More >>
NZ ratifies new global climate change pact
Wednesday, 5 October 2016, 9:21 am | BusinessDesk
Oct. 5 (BusinessDesk) - New Zealand has become one of the first batch of countries to ratify the new global climate change pact hammered out in Paris last December, heralding the country's return to global carbon markets four years after abandoning ... More >>
NZ dollar falls as Clinton victory hopes bolster greenback
Wednesday, 5 October 2016, 8:58 am | BusinessDesk
Oct. 5 (BusinessDesk) - The New Zealand dollar fell as US presidential election polling showed Hilary Clinton taking the lead, boosting demand for the greenback on optimism the Democrat candidate would be better for the powerhouse global economy. More >>
While you were sleeping: US rate hike in focus
Wednesday, 5 October 2016, 7:38 am | BusinessDesk
Oct. 5 (BusinessDesk) - Wall Street declined as the latest comments from Federal Reserve officials underpinned bets the central bank will raise interest rates, possibly as early as next month. More >>
Dairy product prices fall in first drop since July
Wednesday, 5 October 2016, 7:11 am | BusinessDesk
Oct. 5 (BusinessDesk) - Dairy product prices fell at the Global Dairy Trade auction, the first decline since July. More >>
Air New Zealand senior manager Mike Tod exercises options, sells shares
Tuesday, 4 October 2016, 5:47 pm | BusinessDesk
Oct. 4 (BusinessDesk) - Air New Zealand chief marketing & customer officer Mike Tod has exercised options to buy 405,743 shares in the national airline, selling almost all of them straight away. More >>
MARKET CLOSE: NZ shares falls as NZX declines
Tuesday, 4 October 2016, 5:35 pm | BusinessDesk
MARKET CLOSE: NZ shares falls as NZX declines on CEO exit; utilities Vector, Contact drop More >>
NZ dollar hits highest level against British pound in decade
Tuesday, 4 October 2016, 5:24 pm | BusinessDesk
Oct. 4 (BusinessDesk) - The New Zealand dollar rose to its highest level against the British pound in decades as the governing Conservative party said it would focus on controlling immigration, rather than securing tariff-free access to European markets ... More >>
Wilaci argues A$33.6mn in late payment fees not a penalty
Tuesday, 4 October 2016, 4:42 pm | BusinessDesk
Wilaci argues A$33.6mn in late payment fees weren't a penalty in Court of Appeal More >>
