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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 598]
Oceania Natural lifts annual profit but misses guidance
Wednesday, 1 June 2016, 11:15 am | BusinessDesk
June 1 (BusinessDesk) - Oceania Natural, the food supplements maker which listed on the NXT at the end of March, lifted annual profit as revenue more than doubled, although it missed its earnings guidance. More >>
Vital Healthcare flags A$84 mln spend to expand
Wednesday, 1 June 2016, 10:27 am | BusinessDesk
June 1 (BusinessDesk) - Vital Healthcare, which owns and develops property for hospitals and healthcare providers, plans to spend A$84 million to expand existing operations across the Tasman and make a series of new acquisitions. More >>
NZ struggling to commercialise good innovation
Wednesday, 1 June 2016, 9:41 am | BusinessDesk
May 31 (BusinessDesk) – New Zealanders have great ideas but the commercialisation of them was “near zero”, says Israeli entrepreneur Isaac Bentwich, whose latest venture, CropX, is based on technology from Landcare Research. More >>
NZ dollar hits week high vs. pound amid 'Brexit' fears
Wednesday, 1 June 2016, 9:05 am | BusinessDesk
June 1 (BusinessDesk) - The New Zealand dollar rose to a week high against the British pound, which slumped as new polling data raised concern about a potential British exit from the European Union. More >>
Fletcher at highest in 2016, Auckland Airport heavily traded
Wednesday, 1 June 2016, 9:03 am | BusinessDesk
May 31 (BusinessDesk) - New Zealand shares gained as Fletcher Building reached its highest level this year on speculation it will benefit from housing demand, while Auckland International Airport, which fell, was the most heavily traded stock. Orion ... More >>
NZ dollar gains on rising business confidence
Tuesday, 31 May 2016, 5:35 pm | BusinessDesk
May 31 (BusinessDesk) - The New Zealand dollar gained after a survey showed business confidence rose for a third month while strong Australian exports, building approvals, and business lending figures drove up the Aussie dollar, dragging the kiwi with it. More >>
New Labour-Greens MoU falls short of coalition
Tuesday, 31 May 2016, 5:11 pm | BusinessDesk
May 31 (BusinessDesk) - The Labour and Green parties have signed a memorandum of understanding in which they commit to "work collaboratively to change the government", in a move intended to demonstrate an alternative government-in-waiting while forcing ... More >>
Fonterra winds up $109M staff pension scheme
Tuesday, 31 May 2016, 4:45 pm | BusinessDesk
May 31 (BusinessDesk) - Fonterra Cooperative Group, which is on a cost-cutting drive in the face of weak global prices, has wound up a $109 million staff pension scheme inherited from the New Zealand Dairy Board as part of the amalgamation that created ... More >>
Mercer Group to consolidate operations in Christchurch
Tuesday, 31 May 2016, 4:21 pm | BusinessDesk
May 31 (BusinessDesk) - Mercer Group, the stainless steel fabricator, is to restructure its operations by consolidating design, engineering, and machine manufacturing in Christchurch. More >>
NZ "struggling to commercialise good innovation"
Tuesday, 31 May 2016, 4:18 pm | BusinessDesk
May 31 (BusinessDesk) – New Zealanders have great ideas but the commercialisation of them was “near zero”, says Israeli entrepreneur Isaac Bentwich, whose latest venture, CropX, is based on technology from Landcare Research. More >>
Chinese airline stake in Virgin could help Air NZ sale
Tuesday, 31 May 2016, 4:06 pm | BusinessDesk
May 31 (BusinessDesk) - Air New Zealand’s proposed sale of its 25.99 percent stake in Virgin Australia could be aided by a Chinese airline operator's new stake in Virgin. More >>
Former SkyCity boss Nigel Morrison sells shares
Tuesday, 31 May 2016, 3:30 pm | BusinessDesk
May 31 (BusinessDesk) - Former SkyCity Entertainment Group chief executive Nigel Morrison has raised $461,450 by selling a small part of his stake in the casino group. More >>
LINZ boss Mersi tapped to be Transport CEO
Tuesday, 31 May 2016, 2:35 pm | BusinessDesk
May 31 (BusinessDesk) - Land Information New Zealand chief Peter Mersi has been appointed chief executive of the Ministry of Transport after almost three years running the government department that includes the Overseas Investment Office. More >>
NZ business confidence rises in May
Tuesday, 31 May 2016, 1:43 pm | BusinessDesk
May 31 (BusinessDesk) - New Zealand firms grew more confident about the state of the local economy for the third month in a row, with gains most evident in construction, ANZ Bank New Zealand says. More >>
Snakk narrows annual loss
Tuesday, 31 May 2016, 1:24 pm | BusinessDesk
May 31 (BusinessDesk) - Snakk Media, which aggregates publishers' advertising space on mobile devices and matches it to demand, narrowed its annual loss while more than doubling sales in South East Asia, which now eclipse revenue in New Zealand. More >>
NZ residential building consents rise 6.6% in April
Tuesday, 31 May 2016, 11:22 am | BusinessDesk
May 31 (BusinessDesk) - New Zealand residential building consents climbed 6.6 percent in April as new housing intentions climbed at their fastest monthly pace in eight years. More >>
TruScreen signs up Chinese cancer screening programme
Tuesday, 31 May 2016, 10:51 am | BusinessDesk
May 31 (BusinessDesk) - TruScreen, the NZAX-listed cervical cancer test developer, will have its technology used in a major cervical cancer screening programme in north-eastern China. More >>
G3 Group's full-year profit rises 12%
Tuesday, 31 May 2016, 10:41 am | BusinessDesk
May 31 (BusinessDesk) - G3 Group, the NXT-listed mail operations and document manager, reported a 12 percent gain in full-year profit on improved earnings from its Mail UK and Mail NZ units and the first contribution from its Documents operations. More >>
Wynyard continues with board changes
Tuesday, 31 May 2016, 10:08 am | BusinessDesk
May 31 (BusinessDesk) - Wynyard Group is continuing with its boardroom refresh with two new appointments including New Zealand Venture Investment Fund chief Richard Dellabarca as deputy chair, while separately tapping former NZME Publishing executive ... More >>
Finzsoft annual profit slumps 93%
Tuesday, 31 May 2016, 10:06 am | BusinessDesk
May 31 (BusinessDesk) - Finzsoft Solutions, the financial service software developer majority owned by Singapore-listed Silverlake Axis Group, posted a 93 percent slump in profit as it took longer than expected to win opportunities in Asia, while ramping ... More >>
