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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 600]
NZ dollar falls after Yellen says rate hike 'appropriate'
Monday, 30 May 2016, 8:59 am | BusinessDesk
May 30 (BusinessDesk) - The New Zealand dollar fell after Federal Reserve chair Janet Yellen said a rate hike is "appropriate" in coming months, driving the greenback up against a basket of currencies. More >>
NZX didn't mean to 'entice' Ralec
Saturday, 28 May 2016, 9:53 pm | BusinessDesk
May 27 (BusinessDesk) - NZX was not trying to entice Clear's vendors into selling it the business with false promises about the agri-portal, Wellington's High Court has heard. More >>
NZX 50 rises to record
Saturday, 28 May 2016, 9:51 pm | BusinessDesk
MARKET CLOSE: NZX 50 rises to record; F&P Healthcare result adds to upbeat NZ Inc sentiment More >>
NZ dollar gains as Fed rate hike timing weighed
Friday, 27 May 2016, 5:27 pm | BusinessDesk
May 27 (BusinessDesk) - The New Zealand dollar gained from a two-month low as a poll showed there's still a chance Britain will vote to exit the European Union next month, creating market uncertainty that may discourage the Federal Reserve from hiking interest ... More >>
Saville's Utilico sells more Infratil shares
Friday, 27 May 2016, 4:44 pm | BusinessDesk
May 27 (BusinessDesk) - Utilico Investments has continued to sell shares in infrastructure investment firm Infratil, and now owns just 2.5 percent of the company. More >>
NZ wool prices decline as buyers favour South Island wools
Friday, 27 May 2016, 4:43 pm | BusinessDesk
May 27 (BusinessDesk) - New Zealand wool prices slipped at yesterday's North Island auction compared to the higher values achieved at last week's South Island selection, with lamb wool leading the fall. More >>
Wynyard says it has nothing to disclose
Friday, 27 May 2016, 4:01 pm | BusinessDesk
May 27 (BusinessDesk) - Wynyard Group, whose chairman resigned this week for health reasons, says it has nothing to disclose after the stock market supervisor queried a 21 percent slump in the share price over the past fortnight. More >>
Merger would see just 12% of NZ digital ad market
Friday, 27 May 2016, 3:06 pm | BusinessDesk
May 27 (BusinessDesk) - A merger between Fairfax Media's New Zealand operations and APN News &Media's NZME unit would have 11.7 percent of New Zealand's digital advertising market, which is dominated by Google and Facebook, their application to the Commerce ... More >>
Silver Fern shareholders to vote on Shanghai Maling deal
Friday, 27 May 2016, 2:57 pm | BusinessDesk
May 27 (BusinessDesk) - Shareholders of meat processor Silver Fern Farms will have a second vote on whether to approve its planned tie-up with China's Shanghai Maling Aquarius in July, though the board intends to go ahead with the deal irrespective ... More >>
Carbon hits $15 a tonne benchmark
Friday, 27 May 2016, 2:09 pm | BusinessDesk
May 27 (BusinessDesk) - The price of a tonne of New Zealand carbon in the emissions trading scheme has pushed through $15, creating theoretically breakeven conditions for forestry planting based on carbon farming. More >>
Comvita seeks to build SeaDragon stake
Friday, 27 May 2016, 1:18 pm | BusinessDesk
May 27 (BusinessDesk) - Comvita wants to increase its stake in SeaDragon with a $3 million convertible loan, which the fish oil refiner will use to fund its exit from Omega-2 oil in favour of the more profitable Omega-3 market. More >>
Lion to buy cult Upper Hutt brewer Panhead
Friday, 27 May 2016, 12:26 pm | BusinessDesk
Lion, NZ's largest beer company, agrees to buy cult Upper Hutt brewer Panhead, no price given More >>
Pact Group backs out of Invercargill social housing contract
Friday, 27 May 2016, 11:28 am | BusinessDesk
May 27 (BusinessDesk) - Dunedin-based charity organisation Pact Group has backed out as the sole bidder to buy and manage 348 state houses in Invercargill, putting the government's planned tender on hold and delivering a political blow to its social ... More >>
Airways gives airlines a break with cheaper prices
Friday, 27 May 2016, 11:20 am | BusinessDesk
May 27 (BusinessDesk) - Airways Corp, the government-owned entity in charge of air traffic control, will give airlines a break with cheaper prices, while hiking them for smaller operators. More >>
F&P Healthcare annual profit jumps 27%
Friday, 27 May 2016, 9:51 am | BusinessDesk
May 27 (BusinessDesk) - Fisher & Paykel Healthcare, the medical device maker, beat its forecast for annual profit, boosting revenue and margins, and said it expected to post new records in the coming year. More >>
Trilogy more than doubles annual profit on soaring sales
Friday, 27 May 2016, 9:49 am | BusinessDesk
May 27 (BusinessDesk) - Trilogy International, which yesterday said it bought a stake in a Chilean rosehip producer, more than doubled annual profit as sales of its skincare and home fragrance products soared and it benefited from the acquisition ... More >>
Bay International deal now unconditional
Friday, 27 May 2016, 9:46 am | BusinessDesk
May 27 (BusinessDesk) - Abano Healthcare Group's sale of its 50 percent stake in Bay International has been declared unconditional after the NZX granted a waiver that meant the deal doesn't need to go to a shareholder vote. More >>
NZ dollar gains from 2-month low
Friday, 27 May 2016, 8:45 am | BusinessDesk
May 27 (BusinessDesk) - The New Zealand dollar gained from a two-month low after weak US data on business spending dented demand for the greenback. More >>
NZ shares gain as earnings boost lifts Mainfreight
Thursday, 26 May 2016, 5:56 pm | BusinessDesk
May 26 (BusinessDesk) - New Zealand shares gained as Mainfreight posted stronger full-year earnings, giving investors more confidence about its outlook while Air New Zealand rebounded and Metro Performance Glass fell. More >>
NZ dollar falls as Fonterra forecast disappoints market
Thursday, 26 May 2016, 5:15 pm | BusinessDesk
May 26 (BusinessDesk) - The New Zealand dollar fell after Fonterra Cooperative Group gave a lower-than-expected opening forecast for the 2017 milk payout, which it said partly reflected a strong currency, stoking expectations the Reserve Bank will cut ... More >>
