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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 625]
Restaurant Brands 2016 profit rises 1%
Thursday, 14 April 2016, 10:34 am | BusinessDesk
April 14 (BusinessDesk) - Restaurant Brands New Zealand's annual profit grew 1 percent in 2016, the slowest pace in three years, as it was hit by higher costs, although the fast-food company said 2017 earnings could rise as much as 25 percent on growth ... More >>
Di Humphries returns to head Glassons chain at Hallenstein
Thursday, 14 April 2016, 9:33 am | BusinessDesk
April 14 (BusinessDesk) - Di Humphries is returning to the helm of Hallenstein Glasson’s women’s wear chain after a stint at the ailing children's clothing chain Pumpkin Patch. More >>
NZ dollar falls amid broad US dollar strength
Thursday, 14 April 2016, 9:00 am | BusinessDesk
April 14 (BusinessDesk) - The New Zealand dollar fell amid broad US dollar strength ahead of American inflation figures, with soft economic data doing little to dent the greenback's rebound. More >>
Fonterra review suggests cutting board members by two
Thursday, 14 April 2016, 8:59 am | BusinessDesk
April 14 (BusinessDesk) - Fonterra Cooperative Group is proposing cutting its board numbers by two to 11 and having a single process for electing farmer appointed and independent directors as part of the first governance overhaul since it was established ... More >>
While you were sleeping: JPMorgan Chase, China lift mood
Thursday, 14 April 2016, 6:05 am | BusinessDesk
April 14 (BusinessDesk) - Wall Street gained, bolstered by better-than-expected results from JPMorgan Chase, while trade data from China fuelled commodities including copper and iron ore amid hopes the juggernaut economy is in better shape than thought. More >>
MARKET CLOSE: NZ shares hit record, Fletcher, A2 lead
Wednesday, 13 April 2016, 5:38 pm | BusinessDesk
April 13 (BusinessDesk) - New Zealand shares rose to a record today, with strength across Asia as commodity and oil prices rebounded. Fletcher Building, Sky Network Television and A2 Milk Co grew while Orion Health Group dropped. More >>
NZD gains as housing, food price data hints at inflation
Wednesday, 13 April 2016, 5:25 pm | BusinessDesk
April 13 (BusinessDesk) - The New Zealand dollar rose, extending its gains to a two-week high, after property sales and food price data underpinned the potential for stronger economic growth and inflation that would make further interest rate cuts by the Reserve ... More >>
Chinese e-commerce concerns ease, stocks rebound
Wednesday, 13 April 2016, 4:15 pm | BusinessDesk
April 13 (BusinessDesk) - New Zealand companies using Chinese e-commerce platforms say recent regulatory and tax changes won't impact their business, as investors buy back stocks sold out of nervousness earlier this week. More >>
Cavalier consolidates wool manufacturing plants
Wednesday, 13 April 2016, 3:08 pm | BusinessDesk
April 13 (BusinessDesk) - Cavalier Corp, the carpet maker which is restructuring its business to boost profitability, will consolidate its manufacturing operations to Napier and Whanganui and close its Christchurch plant. More >>
VMob plans to raise up to $4 mln in placement
Wednesday, 13 April 2016, 2:43 pm | BusinessDesk
April 13 (BusinessDesk) - VMob, the mobile advertising firm that joined the NZX main board in January, plans to raise as much as $4 million in a private placement, triggering a requirement that it get shareholder ratification of previous placements ... More >>
Key announces major provisional tax changes for business
Wednesday, 13 April 2016, 1:58 pm | BusinessDesk
April 13 (BusinessDesk) - Lumpy provisional tax payments and penalties caused by income miscalculation will become a thing of the past for small and medium-sized businesses under a business tax reform package announced by Prime Minister John Key ... More >>
Diligent's Kiwi retail shareholders ask 'why sell now'
Wednesday, 13 April 2016, 1:32 pm | BusinessDesk
April 13 (BusinessDesk) - New Zealand retail shareholders, many of whom voted against a successful takeover of US-based, NZX-listed Diligent Corp, say they still want to know why the board and management were hell-bent on selling the company just when ... More >>
Carter Holt mounts bid to toss out leaky schools claim
Wednesday, 13 April 2016, 1:25 pm | BusinessDesk
April 13 (BusinessDesk) - Carter Holt Harvey has gone to the Supreme Court in Wellington today in a final effort to toss out a claim that it's liable for the cost of fixing about 890 leaky school buildings. More >>
NZ screen industry revenue grows 2% in 2015
Wednesday, 13 April 2016, 1:24 pm | BusinessDesk
NZ screen industry revenue grows 2% in 2015 as Auckland increases dominance while Wellington falters More >>
FIRST CUT: Key announces major provisional tax reforms
Wednesday, 13 April 2016, 1:08 pm | BusinessDesk
April 13 (BusinessDesk) - Lumpy provisional tax payments will become a thing of the past for small and medium sized businesses under a business tax reform package announced by Prime Minister John Key in the first major speech ahead of the May 28 Budget. More >>
NZ food prices rise 0.5% in March, driven by cauliflowers
Wednesday, 13 April 2016, 12:13 pm | BusinessDesk
April 13 (BusinessDesk) - New Zealand food prices rose in March, led by vegetables such as cauliflowers and lettuce, while lamb led a decline in prices of meat, poultry and fish. More >>
Pushpay expects to reach $100M annual revenue target early
Wednesday, 13 April 2016, 12:13 pm | BusinessDesk
April 13 (BusinessDesk) - Pushpay Holdings, the mobile payments app developer, expects to reach its target of $100 million of annualised committed monthly revenue six months early as it expands its product offering and narrows its focus to larger customers. ... More >>
Diligent shareholders vote in favour of takeover
Wednesday, 13 April 2016, 12:07 pm | BusinessDesk
April 13 (BusinessDesk) - Shareholders of New York-based Diligent Corp have voted in favour of a takeover by venture capital firm Insight Venture Partners at a special shareholders’ meeting in Auckland this morning, despite fiery opposition by New ... More >>
Martin Aircraft replaces jetpack engine
Wednesday, 13 April 2016, 11:38 am | BusinessDesk
April 13 (BusinessDesk) - Martin Aircraft has replaced the engine in its jetpacks with a rotary engine from UK-based Gilo Industries Group. More >>
Michael Hill confirms plan to move primary listing to ASX
Wednesday, 13 April 2016, 11:35 am | BusinessDesk
April 13 (BusinessDesk) - Michael Hill International, the listed jewellery retailer, confirmed it will go ahead with plans to list its shares on the ASX, given most of its operations are now based in its dominant market of Australia and its financial ... More >>
