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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 604]
NZ dollar falls
Tuesday, 24 May 2016, 9:03 am | BusinessDesk
May 24 (BusinessDesk) - The New Zealand dollar fell as traders continued to see the possibility of US interest rates rising next month after Federal Reserve officials said the June meeting was still live for a move, stoking demand for the greenback. More >>
While you were sleeping: Wall St inches higher
Tuesday, 24 May 2016, 7:27 am | BusinessDesk
May 24 (BusinessDesk) - Wall Street traded higher, though both the Dow and the Nasdaq gave up some of their earlier gains, as investors tried to gauge the odds of a US interest rate increase next month. More >>
NZ lamb prices may rise 10% next season on lower supply: ASB
Tuesday, 24 May 2016, 6:30 am | BusinessDesk
May 24 (BusinessDesk) - New Zealand lamb prices, trading at a three-year low, may rise 10 percent next season, on lower supply and increased demand from China, ASB Bank says. More >>
Ralec owners set first Clear earn-out target, Kirkham says
Tuesday, 24 May 2016, 6:28 am | BusinessDesk
Ralec owners set first earn-out target for Clear that wasn't met, Kirkham says More >>
Paul Newfield named new Morrison & Co CIO
Monday, 23 May 2016, 4:43 pm | BusinessDesk
May 23 (BusinessDesk) - Paul Newfield has been named as the new chief investment officer at HRL Morrison & Co, who manage Wellington-based infrastructure investor, Infratil. More >>
IkeGPS more than doubles annual sales
Monday, 23 May 2016, 3:41 pm | BusinessDesk
May 23 (BusinessDesk) - IkeGPS, the laser measurement tool maker, more than doubled annual sales to meet earnings targets that it downgraded last month. It now says it expects to break even on a cashflow basis this financial year. More >>
RBNZ relaxes proposed policy changes
Monday, 23 May 2016, 1:43 pm | BusinessDesk
May 23 (BusinessDesk) - The Reserve Bank has softened the policies it's looking at imposing for banks that outsource some of their services after lenders warned the cost was too high. More >>
NPT full-year distributable profit rises 1%
Monday, 23 May 2016, 1:33 pm | BusinessDesk
May 23 (BusinessDesk) - NPT, the listed property investor whose managing director Kerry Hitchcock left suddenly in March, reported a 1 percent gain in full-year distributable profit and said it will lift its dividends for 2017, a year in which it is focused ... More >>
NZ Dollar Outlook: Kiwi may fall on US rate hike bets
Monday, 23 May 2016, 1:32 pm | BusinessDesk
NZ Dollar Outlook: Kiwi may fall on US rate hike bets; Budget, milk forecast loom More >>
Blis targets maiden profi, ending 16 years of losses
Monday, 23 May 2016, 12:13 pm | BusinessDesk
May 23 (BusinessDesk) - Blis Technologies expects to report its first annual profit in 2017, the first for the biotech company since listing 15 years ago after sales more than doubled in 2016. More >>
Hutsons buy out Abano for $32M
Monday, 23 May 2016, 11:58 am | BusinessDesk
May 23 (BusinessDesk) - A long-time shareholder in Bay International will exit as interests associated with Peter Hutson move to buy out Abano Healthcare Group's half stake in the audiology company for $32 million. More >>
Orion Health targets return to profit in 2018
Monday, 23 May 2016, 10:59 am | BusinessDesk
May 23 (BusinessDesk) - Orion Health is targeting a return to profit in 2018 after reporting a 26 percent increase in annual revenue as a weaker New Zealand dollar bolstered returns and a smaller tax expense helped narrow the health software developer's ... More >>
NZ export log prices lift in May
Monday, 23 May 2016, 10:57 am | BusinessDesk
May 23 (BusinessDesk) - New Zealand export log prices advanced this month as a decline in the local currency made the country's shipments more competitive, offsetting a lift in shipping costs. More >>
Evolve Education turns to full-year profit
Monday, 23 May 2016, 9:52 am | BusinessDesk
May 23 (BusinessDesk) - Evolve Education Group, the childcare operator, turned to a profit in its latest year, although earnings undershot the target in its 2014 prospectus. More >>
Sanford to take $5 mln impairment charge
Monday, 23 May 2016, 9:39 am | BusinessDesk
May 23 (BusinessDesk) - Sanford, the country's largest listed fishing group, will book a $5 million impairment charge on the sale of its last Pacific Tuna vessel when it reports half-year earnings on Thursday. More >>
Summerset buys land for second Nelson retirement village
Monday, 23 May 2016, 9:34 am | BusinessDesk
May 23 (BusinessDesk) - Summerset Group plans to build a second retirement village in Nelson after buying an eight-hectare site in Richmond. More >>
World Week Ahead: US data due, Yellen speaks
Monday, 23 May 2016, 9:31 am | BusinessDesk
May 23 (BusinessDesk) - The latest US economic data as well as speeches by several Federal Reserve officials including Chair Janet Yellen will form a key focus as investors are coming to terms with the prospect of a US interest rate hike as early as next ... More >>
Wynyard chair Murray Horn resigns for health reasons
Monday, 23 May 2016, 9:18 am | BusinessDesk
May 23 (BusinessDesk) - Wynyard Group chairman Murray Horn has resigned from the board as he scales back his workload citing health concerns. More >>
NZ dollar gains vs British pound
Monday, 23 May 2016, 9:16 am | BusinessDesk
May 23 (BusinessDesk) - The New Zealand dollar rose against the British pound after Bank of England officials suggested that the UK's economic slowdown was due to more than just the risk the country could vote to leave the European Union. More >>
Abano agrees to sell half stake in Bay International
Monday, 23 May 2016, 9:12 am | BusinessDesk
May 23 (BusinessDesk) - Abano Healthcare Group has agreed to sell its 50 percent stake in audiology company Bay International to interests associated with Peter Hutson for $32 million. The listed medical and dental centre investor also said earnings ... More >>
