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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 619]
Kirkcaldie's board ups ante in fight with Brierley
Wednesday, 27 April 2016, 4:39 pm | BusinessDesk
April 27 (BusinessDesk) - Kirkcaldie & Stains' board has emphasised the prospect of an increased payout to shareholders as it urges them to reject an increased bid for the department store's remains by veteran corporate raider Ron Brierley. More >>
Murray Goulburn boss exits after profit downgrade
Wednesday, 27 April 2016, 3:12 pm | BusinessDesk
Murray Goulburn boss exits after profit downgrade, unit trust units slump by more than one-third More >>
Fraud accused looks to be determined unfit to stand trial
Wednesday, 27 April 2016, 2:37 pm | BusinessDesk
April 27 (BusinessDesk) - A person facing fraud-related charges is seeking to be determined unfit to stand trial on medical grounds, the High Court in Wellington heard today. More >>
IMF to review financial system oversight, securities law
Wednesday, 27 April 2016, 1:57 pm | BusinessDesk
April 27 (BusinessDesk) - The International Monetary Fund will look at the Reserve Bank's oversight of the insurance and banking sectors, and review the overhaul of New Zealand's securities law to see how the country stacks up against global norms. More >>
ICBC (NZ)'s loan book soars
Wednesday, 27 April 2016, 12:44 pm | BusinessDesk
ICBC (NZ)'s loan book soars as Chinese-owned bank taps trade ties, mortgage demand More >>
House-sharing aims to get Aucklanders on property ladder
Wednesday, 27 April 2016, 12:43 pm | BusinessDesk
April 27 (BusinessDesk) - Auckland startup The Ownery Ltd is offering a new way to enter the housing market by buying shares in a company that then buys a house. More >>
TPP's biologics data protection
Wednesday, 27 April 2016, 12:41 pm | BusinessDesk
April 27 (BusinessDesk) - The Trans-Pacific Partnership's longer data protection for biologic pharmaceutical makers will push up the cost of the fastest growing primary health treatment in the country, the Medical Association says. More >>
NZ posts biggest annual trade deficit in 7 years
Wednesday, 27 April 2016, 12:04 pm | BusinessDesk
NZ posts biggest annual trade deficit in 7 years on drop in value of dairy, meat More >>
Abano offered three times book value
Wednesday, 27 April 2016, 10:59 am | BusinessDesk
April 27 (BusinessDesk) - Abano Healthcare says it has received an unsolicited approach to buy the listed medical and dental centre investor's 50 percent stake in audiology company Bay International for almost three times book value. More >>
Veritas shares jump 16%
Wednesday, 27 April 2016, 10:54 am | BusinessDesk
April 27 (BusinessDesk) - Veritas Investments' shares jumped 16 percent after the food and beverage company affirmed its annual earnings guidance and said its three divisions are all showing signs of improvement. More >>
Wellington Airport look at $75 mln bond offer
Wednesday, 27 April 2016, 9:58 am | BusinessDesk
April 27 (BusinessDesk) - Wellington International Airport, which is controlled by Infratil, is looking at selling up to $75 million of seven-year bonds, joining a growing number of companies taking advantage of record low interest rates through ... More >>
'Wildcard' Wheeler limits kiwi's gains
Wednesday, 27 April 2016, 8:55 am | BusinessDesk
April 27 (BusinessDesk) - The New Zealand dollar rose, with traders and economists divided on whether Reserve Bank governor Graeme Wheeler will cut interest ratestomorrow, a move that could weaken the kiwi in the face of a Federal Reserve that's expected ... More >>
While you were sleeping: DuPont lifts outlook
Wednesday, 27 April 2016, 7:07 am | BusinessDesk
April 27 (BusinessDesk) - Wall Street was mixed, as gains in shares of DuPont on better than expected earnings and rising oil prices offset a slide in shares of Procter & Gamble amid concern about its sluggish sales growth. More >>
KiwiRail seeks 4 years' funding under 'value of rail' accord
Wednesday, 27 April 2016, 6:51 am | BusinessDesk
April 26 (BusinessDesk) - KiwiRail is starting negotiations for a new funding package it hopes will run from 2017 to 2020 and is looking for a small number of rail upgrade projects that will demonstrate that there is a "value of rail" to New Zealand ... More >>
MARKET CLOSE: NZ shares fall, investor appetite drops
Tuesday, 26 April 2016, 5:51 pm | BusinessDesk
April 26 (BusinessDesk) - New Zealand shares fell as demand dried up ahead of a Reserve Bank update, with Meridian Energy and Vector hit hardest. More >>
Measuring public science by dollar value alone 'stupid'
Tuesday, 26 April 2016, 5:30 pm | BusinessDesk
April 26 (BusinessDesk) - Measuring taxpayer-funded investment in science using a simple dollar value approach is "stupid", says Motu economist Adam Jaffe, who is welcoming a new government big data project to allow richer measurements in ... More >>
NZ dollar gains as traders split on central banks' direction
Tuesday, 26 April 2016, 5:28 pm | BusinessDesk
April 26 (BusinessDesk) - The New Zealand dollar rose, reversing course from an overnight selloff in a sign traders are divided about what they'll learn about the outlook for interest rates from the central banks of Japan, New Zealand and the US this week. More >>
Oaktree puts $2 mln collar on Weldon's MediaWorks management
Tuesday, 26 April 2016, 3:58 pm | BusinessDesk
April 26 (BusinessDesk) - Oaktree Capital, the US hedge fund that owns MediaWorks Investments, has imposed restrictions on spending or liabilities the media company's executives can incur without recourse to the board. More >>
Treasury examines asset 'buy-back' scheme for Council
Tuesday, 26 April 2016, 3:25 pm | BusinessDesk
April 26 (BusinessDesk) - Central government could buy assets for Auckland on the city council's behalf under a buy-back scheme to help accelerate the infrastructure required to ensure the fast-growing city's housing and population needs are met more ... More >>
No reason big pharma would stop supplying medicines
Tuesday, 26 April 2016, 2:02 pm | BusinessDesk
April 26 (BusinessDesk) - Trade Minister Todd McClay says he sees no reason why big pharmaceutical firms would stop supplying new medicines in New Zealand as they have always done, despite threats from lobby group Medicines New Zealand over the government’s ... More >>
