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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 544]
While you were sleeping: US job openings hit record
Thursday, 8 September 2016, 8:13 am | BusinessDesk
Sept. 8 (BusinessDesk) - Wall Street was mixed as investors tried to assess whether the US economy is growing at a pace that will warrant the Federal Reserve to raise interest rates this month. More >>
NZ stocks hit record, led by A2 Milk, Metlifecare, Meridian
Wednesday, 7 September 2016, 5:35 pm | BusinessDesk
Sept. 7 (BusinessDesk) - New Zealand shares rose to another record high, driven by investors seeking dividend income, with A2 Milk continuing its bounce and Meridian Energy at an all-time high. More >>
NZ dollar may push to 75 US cts as US outlook dims
Wednesday, 7 September 2016, 5:15 pm | BusinessDesk
NZ dollar may push to 75 US cts as US outlook dims, dairy prices gain More >>
Pavan Vyas named CEO of Rush Digital
Wednesday, 7 September 2016, 4:13 pm | BusinessDesk
Sept. 7 (BusinessDesk) - Rush Digital, the Auckland-based mobile game development studio that's backed by Jonathan Reid and Doug Drury's VMG Ventures has appointed Pavan Vyas as it's new managing director and chief executive. More >>
Brierley's stake in cashed-up Kirks rises to 11%
Wednesday, 7 September 2016, 3:36 pm | BusinessDesk
Sept. 7 (BusinessDesk) - Ron Brierley's Mercantile Investments has increased its stake in cashed-up former Wellington department store Kirkcaldie & Stains to 11.3 percent as he seeks to take control of its remaining assets. More >>
Ruling clears way for new consumer credit fee guidelines
Wednesday, 7 September 2016, 2:40 pm | BusinessDesk
Sept. 7 (BusinessDesk) - Draft guidelines for lenders on consumer credit fees show the Commerce Commission will only accept those that are reasonable, related to actual costs and aren't being used to generate profits. More >>
Waikato Networks buys out Crown's holding in Ultrafast Fibre
Wednesday, 7 September 2016, 1:07 pm | BusinessDesk
Sept. 7 (BusinessDesk) - A WEL Networks subsidiary has bought the government's majority shareholding in Ultrafast Fibre for $189 million, giving WEL and its strategic partner Waipa Networks 100 percent ownership of the central North Island's fibre company. More >>
Milford Funds profit tumbles 71% as regulatory costs mount
Wednesday, 7 September 2016, 12:30 pm | BusinessDesk
Sept. 7 (BusinessDesk) - Milford Funds, the public issuer of Milford Asset Management's retail funds, posted a 71 percent decline in annual profit as the fund manager hired workers and incurred costs to introduce new processes in response to regulatory requirements. More >>
Requirements for vets and mullahs stymies meat export trade
Wednesday, 7 September 2016, 12:15 pm | BusinessDesk
Sept. 7 (BusinessDesk) - New Zealand meat exports to Iran haven't resumed following the lifting of sanctions this year, because of Iranian restrictions for one of its vets and a mullah to be present at the time of processing. More >>
Metlifecare looks to buy at least one new village in 2017
Wednesday, 7 September 2016, 11:46 am | BusinessDesk
Sept. 7 (BusinessDesk) - Metlifecare expects to buy at least one new site in the 2017 financial year to accelerate its development programme and make the most of growing demand in the retirement village sector. More >>
NZ manufacturing sales volumes rise in June quarter
Wednesday, 7 September 2016, 11:33 am | BusinessDesk
Sept. 7 (BusinessDesk) - New Zealand manufacturing sales activity rose in the June quarter as meat and dairy product processing recovered from a sharp decline at the start of the year. More >>
NZME to hand over 41% stake for Fairfax NZ
Wednesday, 7 September 2016, 9:41 am | BusinessDesk
Sept. 7 (BusinessDesk) - NZME will pay $55 million in cash and issue shares giving Australia's Fairfax Media a 41 percent stake if a planned merger of New Zealand's dominant publishers is given the go ahead. More >>
NZ dollar jumps to 16-month high on gain in dairy prices
Wednesday, 7 September 2016, 8:45 am | BusinessDesk
NZ dollar jumps to 16-month high on gain in dairy prices, weak US data More >>
Dairy product prices extend rebound on upbeat outlook
Wednesday, 7 September 2016, 8:18 am | BusinessDesk
Sept. 7 (BusinessDesk) - Dairy product prices climbed at the Global Dairy Trade auction, adding to fresh signs of expectations that the worldwide glut is easing. More >>
MARKET CLOSE: NZ shares rise
Wednesday, 7 September 2016, 8:02 am | BusinessDesk
Sept. 6 (BusinessDesk) - New Zealand shares reached a fresh record despite a lack of corporate news, with A2 Milk Co, Ebos Group and Contact Energy leading the index higher. More >>
While you were sleeping: Clouds roll in on Fed
Wednesday, 7 September 2016, 7:40 am | BusinessDesk
Sept. 7 (BusinessDesk) - Wall Street opened higher, then fell, before recovering as energy stocks caught up to Monday’s gain in oil, while a report showing US services industries grew at the weakest pace six years added to concern about the US economy. More >>
Dairy product prices extend rebound on upbeat outlook
Wednesday, 7 September 2016, 7:12 am | BusinessDesk
Sept. 7 (BusinessDesk) - Dairy product prices climbed at the Global Dairy Trade auction, adding to fresh signs of expectations that the worldwide glut is easing. More >>
NZD little changed, may gain on dairy auction
Tuesday, 6 September 2016, 5:26 pm | BusinessDesk
The New Zealand dollar was little changed and may gain aftertonight's GlobalDairyTrade auction, which the futures market is indicating will mark the fourth straight gain in the price of whole milk powder. More >>
Spark's Lightbox boss Kym Niblock to step down
Tuesday, 6 September 2016, 5:02 pm | BusinessDesk
The head of Spark New Zealand's Lightbox streaming video business, Kym Niblock, is to leave at the end of the year. More >>
Argosy sells two non-core sites for $9.3 mln
Tuesday, 6 September 2016, 4:54 pm | BusinessDesk
Sept. 6 (BusinessDesk) - Argosy Property has announced the sale of two sites for a combined total of $9.3 million. More >>
