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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 538]
Dairy product prices inch up, whole milk powder slips
Wednesday, 21 September 2016, 6:43 am | BusinessDesk
Sept. 21 (BusinessDesk) - Dairy product prices rose at the Global Dairy Trade auction, though gains fell short of expectations as whole milk powder prices unexpectedly moved lower. More >>
NZ dollar gains on expectations of dairy auction price rise
Tuesday, 20 September 2016, 5:12 pm | BusinessDesk
Sept. 20 (BusinessDesk) - The New Zealand dollar gained ahead of a GlobalDairyTrade auction which is expected to deliver another increase in whole milk powder prices. More >>
NZ dairy sector optimism jumps to 9-year high, Rabobank says
Tuesday, 20 September 2016, 4:25 pm | BusinessDesk
Sept. 20 (BusinessDesk) - Two-thirds of dairy farmers have told agri-lender Rabobank they expect conditions to improve as the jump in commodity prices at recent auctions flows through to sentiment. More >>
Silver Fern Farms gets green light for Shanghai Maling deal
Tuesday, 20 September 2016, 2:09 pm | BusinessDesk
Sept. 20 (BusinessDesk) - The government has given the green light for China's Shanghai Maling Aquarius to acquire half of Silver Fern Farms, New Zealand's biggest meat company, with ministers satisfied it will deliver "substantial and identifiable benefit". More >>
Powerhouse MD Hampson confident of raising A$10M
Tuesday, 20 September 2016, 12:22 pm | BusinessDesk
Sept. 20 (BusinessDesk) - Powerhouse Ventures managing director Stephen Hampson is confident the Christchurch-based technology incubator will raise the minimum A$10 million in an initial public offering after extending the closing date by a week. More >>
GeoOp amends rights issue
Tuesday, 20 September 2016, 11:13 am | BusinessDesk
Sept. 20 (BusinessDesk) - GeoOp has changed the structure of a planned rights issue to get around the need for a waiver from the Takeovers Code for cornerstone shareholder North Ridge Partners to inject funds into the management app developer. More >>
Arvida to raise $42 mln to help fund new village purchases
Tuesday, 20 September 2016, 9:11 am | BusinessDesk
Sept. 20 (BusinessDesk) - Arvida Group plans to raise $41.8 million selling shares at a 12 percent discount to help fund the acquisition of three new retirement villages in Tauranga and the Waikato. More >>
NZ dollar little changed ahead of dairy auction
Tuesday, 20 September 2016, 9:01 am | BusinessDesk
Sept. 20 (BusinessDesk) - The New Zealand dollar was little changed ahead of the latest dairy auction tonight and statements from the Bank of Japan, Federal Reserve and Reserve Bank of New Zealand this week. More >>
Seadragon rights issue extended
Tuesday, 20 September 2016, 9:00 am | BusinessDesk
Sept. 20 (BusinessDesk) - Seadragon, the fish oil refiner, has raised the minimum $250,000 it sought in a rights issue launched this month and has extended the offer until Oct 10. More >>
Film buffs to get a dose of fraud in two-day festival
Tuesday, 20 September 2016, 8:32 am | BusinessDesk
Sept. 19 (BusinessDesk) - Financial services professionals and regulators are offering movie buffs the chance to get their fill of fraud in a two-day film festival in November. More >>
While you were sleeping: Wall St inches higher
Tuesday, 20 September 2016, 8:30 am | BusinessDesk
Sept. 20 (BusinessDesk) - Wall Street moved higher, while the US dollar slid, as investors await the outcome of the Federal Reserve policy meeting on Wednesday to gauge the timing of the next interest rate increase. More >>
While you were sleeping: Wall St inches higher
Tuesday, 20 September 2016, 7:43 am | BusinessDesk
Sept. 20 (BusinessDesk) - Wall Street moved higher, while the US dollar slid, as investors await the outcome of the Federal Reserve policy meeting on Wednesday to gauge the timing of the next interest rate increase. More >>
MARKET CLOSE: NZ shares gain, led by Stride Property
Tuesday, 20 September 2016, 6:56 am | BusinessDesk
Sept. 19 (BusinessDesk) - New Zealand shares rose as some investors rummaged for bargains left over from last week's sell-off, with decisions on interest rates in the United States and Japan expected to dominate trading this week. Stride Property, ... More >>
NZ dollar recovers some ground after Friday's sell-off
Monday, 19 September 2016, 5:24 pm | BusinessDesk
Sept. 19 (BusinessDesk) - The New Zealand dollar recovered some ground from Friday's sell-off as investors regained some of their risk appetite and resumed the hunt for yield. More >>
NZ dairy farm prices show sharp rise, REINZ figures show
Monday, 19 September 2016, 3:57 pm | BusinessDesk
Sept. 19 (BusinessDesk) - The median price per hectare for a New Zealand dairy farm sales has increased by more than 50 percent on a year ago, Real Estate Institute of New Zealand figures show. More >>
NZ Farming Systems Uruguay to cut ties with NZ
Monday, 19 September 2016, 3:54 pm | BusinessDesk
Sept. 19 (BusinessDesk) - NZ Farming Systems Uruguay, set up by New Zealand investors in 2006, is to cut ties with the country after delivering its biggest-ever loss to owner Olam International of Singapore. More >>
Milford plays down role in Warminger's case
Monday, 19 September 2016, 3:12 pm | BusinessDesk
Sept. 19 (BusinessDesk) - Milford Asset Managment is playing down its role in the market manipulation case kicking off next week against the fund manager's portfolio manager Mark Warminger. More >>
NZ export log prices edge up from eight-month low in Sept
Monday, 19 September 2016, 1:57 pm | BusinessDesk
Sept. 19 (BusinessDesk) - New Zealand export log prices edged up from an eight-month low in September as demand, shipping rates and the currency remained relatively stable. More >>
Briscoe lifts first-half profit by 33%
Monday, 19 September 2016, 11:45 am | BusinessDesk
Sept. 19 (BusinessDesk) - Briscoe Group, which operates stores selling household items and sporting goods, lifted first-half profit by 33 percent and hiked its interim dividend after widening gross margins with more rigorous inventory management and ... More >>
NZ services sector picks up in August
Monday, 19 September 2016, 11:43 am | BusinessDesk
Sept. 19 (BusinessDesk) - New Zealand's services sector, which accounts for about two-thirds of the economy, grew at a faster pace in August, with all five sub-indexes and geographic areas improving. More >>
