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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 534]
Bapcor mounts $322.5 mln takeover bid for Hellaby
Tuesday, 27 September 2016, 10:12 am | BusinessDesk
Sept. 27 (BusinessDesk) - ASX-listed autoparts firm Bapcor has mounted a $322.5 million takeover bid for NZX-listed Hellaby Holdings as it looks to extend its reach into New Zealand's local auto market. More >>
NZ dollar gains as Kiwi story shines ahead of US debate
Tuesday, 27 September 2016, 8:55 am | BusinessDesk
Sept. 27 (BusinessDesk) - The New Zealand dollar rose as the nation's relatively robust economy and relatively high interest rates made it a standout as risk appetite abates ahead of today's US presidential debate. More >>
Trilogy director Sigaloff sitting on $664,000 'paper profit'
Tuesday, 27 September 2016, 8:53 am | BusinessDesk
Sept. 27 (BusinessDesk) - Trilogy International independent director Mandy Sigaloff is sitting on a paper profit of $664,000 after she exercised share options granted prior to her appointment in 2013. More >>
While you were sleeping: Stocks slide before debate
Tuesday, 27 September 2016, 8:51 am | BusinessDesk
Sept. 27 (BusinessDesk) - Wall Street fell ahead of the first US presidential debate between candidates Hillary Clinton and Donald Trump. More >>
Scale trimmed in new plan for Wellington's Johnsonville Mall
Tuesday, 27 September 2016, 8:49 am | BusinessDesk
Sept. 26 (BusinessDesk) - Stride Property Group, the NZX-listed property investor, has sought resource consent to redevelop the Johnsonville Shopping Centre in Wellington's northern suburbs. More >>
MARKET CLOSE: NZ shares drop, led by Ebos, Tower and A2 Milk
Tuesday, 27 September 2016, 8:46 am | BusinessDesk
Sept. 26 (BusinessDesk) - New Zealand shares fell in light trading, with Ebos Group, Tower and A2 Milk leading the index lower. More >>
While you were sleeping: Stocks slide before debate
Tuesday, 27 September 2016, 8:38 am | BusinessDesk
Sept. 27 (BusinessDesk) - Wall Street fell ahead of the first US presidential debate between candidates Hillary Clinton and Donald Trump. More >>
NZD falls to 4-week low as November cuts seem locked in
Monday, 26 September 2016, 5:41 pm | BusinessDesk
NZ dollar falls to 4-week low as November cuts seem locked in, trade data weakens More >>
Stalled TPP 'biggest concern' in growing protectionism - Key
Monday, 26 September 2016, 5:39 pm | BusinessDesk
Failure to ratify the Trans-Pacific Partnership could trigger a growing tide of protectionist trade policies around the world, Prime Minister John Key has warned. More >>
Pyne Gould, Bath Street agree to drop High Court claims
Monday, 26 September 2016, 3:40 pm | BusinessDesk
Sept. 26 (BusinessDesk) - Pyne Gould Corp and Bath Street Capital won't go to court over what's owed in relation to Pyne Gould's sale of Perpetual Trust. More >>
Auckland property investor lending tumbles 18%
Monday, 26 September 2016, 3:38 pm | BusinessDesk
Sept. 26 (BusinessDesk) - Lending to property investors buying homes in Auckland fell 18 percent in August after the Reserve Bank imposed new lending restrictions in July. More >>
Milford fund manager faces 10 causes of action
Monday, 26 September 2016, 2:46 pm | BusinessDesk
Sept. 26 (BusinessDesk) - “Market manipulation strikes at the heart of the pricing system on which all investors rely”, said Justin Smith QC, counsel for the Financial Markets Authority, at the start of the country’s first such case to go to trial. More >>
Energy Mad warns sales may drop
Monday, 26 September 2016, 2:11 pm | BusinessDesk
Sept. 26 (BusinessDesk) - Energy Mad has warned lower prices for carbon dioxide offsetting certificates in Australia mean its sales volumes are likely to drop. More >>
European milk output falls, Fonterra says
Monday, 26 September 2016, 1:37 pm | BusinessDesk
Sept. 26 (BusinessDesk) - European farmers scaled back their milk production in June, the first time they've done so since March 2015, Fonterra Cooperative Group says. More >>
NZ monthly trade deficit widest in 2 years
Monday, 26 September 2016, 11:40 am | BusinessDesk
Sept. 26 (BusinessDesk) - New Zealand's trade deficit widened to the biggest monthly gap since September 2014 as dairy and meat exports slumped in August. More >>
Warminger was under pressure over poor fund performance
Monday, 26 September 2016, 11:17 am | BusinessDesk
Sept. 26 (BusinessDesk) - Milford Asset Management portfolio manager Mark Warminger was under pressure from the firm over the performance of funds he managed at the time of his alleged market manipulation, the Financial Markets Authority has said ... More >>
NZ employment confidence rises in September
Monday, 26 September 2016, 10:40 am | BusinessDesk
Sept. 26 (BusinessDesk) - New Zealanders grew more optimistic about employment prospects in the September quarter with confidence lifting across age groups, regions and income categories, although workers weren't so upbeat about wages growth. More >>
Reckitt Benckiser to plead guilty to misleading ads
Monday, 26 September 2016, 10:30 am | BusinessDesk
Sept. 26 (BusinessDesk) - Reckitt Benckiser (New Zealand) intends to plead guilty to charges of misleading consumers over the way it promoted a range of Nurofen products, the Commerce Commission says. More >>
IkeGPS completes $3M capital raise
Monday, 26 September 2016, 10:07 am | BusinessDesk
Sept. 26 (BusinessDesk) - IkeGPS, the laser measurement toolmaker, has completed $3 million of capital raising to help fund its push into international markets, with about three-quarters picked up by the sub-underwriters. More >>
Augusta pays premium to take 9.3% stake in NPT for $11 mln
Monday, 26 September 2016, 9:41 am | BusinessDesk
Sept. 26 (BusinessDesk) - Augusta Capital paid 14 percent above the market price to take a 9.3 percent stake in listed property investor NPT. More >>
