Scoop has an Ethical Paywall
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 579]
IPO in prospect as HRV hits acquisition trail
Thursday, 7 July 2016, 8:40 am | BusinessDesk
July 7 (BusinessDesk) - HRV is on the acquisition trail with a planned roll-up of small companies in the retrofit healthy home sector and initial public offering on the sharemarket a potential exit option for its private equity majority owner. More >>
Postie Plus liquidator cuts $550k deal with former supplier
Thursday, 7 July 2016, 8:27 am | BusinessDesk
July 6 (BusinessDesk) - The liquidator of Postie Plus' former owner reached a $550,000 settlement with the failed retailer's former logistics supplier, leaving creditor Bank of New Zealand facing a shortfall of more than $5 million. More >>
Investigation into Paul Clifford Hibbs & Hansa
Thursday, 7 July 2016, 8:25 am | BusinessDesk
July 6 (BusinessDesk) - The Financial Markets Authority and the Serious Fraud Office have launched an investigation against a company called Hansa Limited and Paul Clifford Hibbs. More >>
MARKET CLOSE: NZ shares eke out gains; Trade Me rises
Thursday, 7 July 2016, 8:22 am | BusinessDesk
July 6 (BusinessDesk) - New Zealand shares rose near the close of trading, while many markets across Asia weakened, as Trade Me Group benefitted from an upgrade from Deutsche Bank and trans-Tasman firms such as Westpac Banking Corp fell in step with ... More >>
While you were sleeping: Wall St rebounds on Fed minutes
Thursday, 7 July 2016, 7:17 am | BusinessDesk
July 7 (BusinessDesk) - Wall Street gained, recovering from earlier losses, after minutes from the June Federal Reserve meeting cemented bets US interest rates won’t rise any time soon, while the latest data on the US economy were better than expected. More >>
NZ dollar falls, may extend decline on growth concern
Wednesday, 6 July 2016, 5:28 pm | BusinessDesk
July 6 (BusinessDesk) - The New Zealand dollar fell, and may extend its decline this week, on signs global growth is softening leading investors to be wary about taking on more risk. More >>
Hemi Rolleston appointed as interim chief of CI
Wednesday, 6 July 2016, 4:30 pm | BusinessDesk
July 6 (BusinessDesk) - Hemi Rolleston, Callaghan Innovation’s general manager Maori Economy, has been named interim chief executive following yesterday’s surprise resignation by Mary Quin. More >>
Rishworth Aviation sold to UK's Empresaria for US$10M
Wednesday, 6 July 2016, 3:38 pm | BusinessDesk
July 6 (BusinessDesk) - Rishworth Aviation, which supplies pilots, engineers and other staff to the airline industry, has been sold to Empresaria Group, which is listed on the London Stock Exchange's AIM market, for US$10 million. More >>
Health Ministry still keen on social bonds
Wednesday, 6 July 2016, 1:47 pm | BusinessDesk
July 6 (BusinessDesk) - The Ministry of Health is still pursuing the government's social bonds pilots, claiming to have learnt a number lessons after the Wise Group withdrew from what would have been the first programme funded with such an instrument. More >>
Fairfax/NZME deal may delay ComCom's Sky/Voda decision
Wednesday, 6 July 2016, 12:59 pm | BusinessDesk
July 6 (BusinessDesk) - Sky Network Television chief executive John Fellet says he’s concerned the proposed merger between the country’s dominant publishers, NZME and Fairfax NZ, could slow down clearance for Sky’s planned tie-up with Vodafone New ... More >>
Sky TV shareholders back Vodafone deal
Wednesday, 6 July 2016, 11:27 am | BusinessDesk
July 6 (BusinessDesk) - Sky Network Television shareholders have today voted in favour of a proposed merger with Vodafone New Zealand that will create a media and entertainment provider with combined 2016 revenue of more than $2.9 billion and more than 3.7 million ... More >>
ComCom should carve out Auckland papers from media merger
Wednesday, 6 July 2016, 10:52 am | BusinessDesk
July 6 (BusinessDesk) - Horton Media, the printing group set up by the family that founded the New Zealand Herald, has urged the Commerce Commission to order the carving out of either Fairfax Media's Auckland suburban newspapers or NZME's flagship NZ ... More >>
Electricity Authority rejects Electric Kiwi claim
Wednesday, 6 July 2016, 10:49 am | BusinessDesk
July 6 (BusinessDesk) - The Electricity Authority has rejected the call from minnow power retailer Electric Kiwi for an investigation into the actions of Meridian Energy on June 2 when wholesale electricity prices spiked to more than $4,000 per megawatt ... More >>
NZX trading advances in June, extending first-half gain
Wednesday, 6 July 2016, 10:37 am | BusinessDesk
July 6 (BusinessDesk) - Trading on New Zealand's NZX market rose in June, helping extend the first-half gains by more than a third. More >>
Commodities lower as BoE warns of Brexit risks
Wednesday, 6 July 2016, 8:53 am | BusinessDesk
July 6 (BusinessDesk) - The New Zealand dollar followed global stock markets and commodity prices lower as the Bank of England highlighted the European Union exit as a key risk to the economy, sapping investors' appetite for risk-sensitive assets. More >>
Update: Joyce Mary Quin did 'a great job'
Wednesday, 6 July 2016, 8:51 am | BusinessDesk
July 5 (BusinessDesk) - Science and Innovation Minister Steven Joyce said Callaghan Innovation chief executive Mary Quin, who announced her sudden departure today, had done a “great job” in setting up the government-funded agency as New Zealand’s ... More >>
NZ shares rise on outlook for low interest rates
Wednesday, 6 July 2016, 8:49 am | BusinessDesk
July 5 (BusinessDesk) - New Zealand shares rose as the prospects of interest rates staying low drew investors to the equity market in search of better returns. Air New Zealand, Metlifecare and Ryman Healthcare gained. More >>
While you were sleeping: Brexit jitters return
Wednesday, 6 July 2016, 7:51 am | BusinessDesk
July 6 (BusinessDesk) - Equities slid with the British pound after a Bank of England warning about challenging risks renewed concerns about the UK’s plan to exit the European Union, and its impact on the global economy. More >>
Dairy product prices slip on ample global supplies
Wednesday, 6 July 2016, 6:21 am | BusinessDesk
July 6 (BusinessDesk) - Dairy product prices moved lower at the Global Dairy Trade auction, with a decline in whole milk powder amid plentiful supply. More >>
NZ dollar little changed vs. Aussie RBA holds
Tuesday, 5 July 2016, 5:30 pm | BusinessDesk
July 5 (BusinessDesk) - The New Zealand dollar was little changed against its trans-Tasman counterpart after the Reserve Bank of Australia kept interest rates on hold and disappointed some investors expecting the central bank to pave the way for another cut. More >>
