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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 630]
Air NZ launches first non-stop flight to the Philippines
Wednesday, 6 April 2016, 1:44 pm | BusinessDesk
April 6 (BusinessDesk) - Air New Zealand is launching year-round direct flights to Manila in the Philippines from December in a move the tourism industry says will help meet its goal of growing total annual revenue to $41 billion by 2025. More >>
Kiwibank keeps credit rating safe, but bank's could be cut
Wednesday, 6 April 2016, 1:30 pm | BusinessDesk
April 6 (BusinessDesk) - New Zealand Post Group’s proposal to sell a 45 percent stake in Kiwibank to the NZ Superannuation Fund and Accident Compensation Corp will have no immediate impact on the troubled state-owned enterprise’s credit rating ... More >>
Orion Health shares rise as deal announced
Wednesday, 6 April 2016, 12:44 pm | BusinessDesk
April 6 (BusinessDesk) - Orion Health's shares rose 3.7 percent to a five-month high of $3.63 following the announcement of the health systems software company's second large contract in a fortnight, this time with the largest health service in the Australian ... More >>
NZ property value growth slowed in March
Wednesday, 6 April 2016, 12:24 pm | BusinessDesk
NZ property value growth slowed in March, but Auckland may be picking up, QV says More >>
NZ Post proposes to sell down 45% of Kiwibank
Wednesday, 6 April 2016, 11:12 am | BusinessDesk
NZ Post proposes to sell down 45% of Kiwibank to NZ Super Fund and ACC More >>
Veritas to franchise Nosh stores
Wednesday, 6 April 2016, 11:11 am | BusinessDesk
April 6 (BusinessDesk) - Veritas Investments, which took first-half impairments against the value of some businesses and is planning to renegotiate its debt facilities, plans to use a franchise model for its Nosh Food Market stores, the same strategy ... More >>
NZX plans to offer milk price futures
Wednesday, 6 April 2016, 9:54 am | BusinessDesk
April 6 (BusinessDesk) - NZX, the financial markets operator, is developing a new market offering New Zealand dairy farmers a way to lessen the risk of volatile milk prices. More >>
NZ dollar lifts after prices rise
Wednesday, 6 April 2016, 9:24 am | BusinessDesk
April 6 (BusinessDesk) - The New Zealand dollar rose after prices gained at the overnight GlobalDairyTrade auction, stoking optimism about the outlook for the country's largest export commodity. More >>
NZX plans to offer milk price futures, options
Wednesday, 6 April 2016, 8:35 am | BusinessDesk
April 6 (BusinessDesk) - NZX, the financial markets operator, is developing a new market offering New Zealand dairy farmers a way to lessen the risk of volatile milk prices. More >>
While you were sleeping: Allergan shares sink
Wednesday, 6 April 2016, 6:48 am | BusinessDesk
April 6 (BusinessDesk) - Equities on both sides of the Atlantic slid as concern about the global economy, spurred by reports including a surprise drop in Germany’s factory orders, returned to the forefront of investors’ minds. More >>
Dairy product prices rise for second time in 2016
Wednesday, 6 April 2016, 6:16 am | BusinessDesk
April 6 (BusinessDesk) - Dairy product prices rose, the second advance in the seven Global Dairy Trade auctions held so far in 2016. The GDT price index rose 2.1 percent. More >>
NZ dollar drops vs. Australian dollar
Tuesday, 5 April 2016, 8:26 pm | BusinessDesk
April 5 (BusinessDesk) - The New Zealand dollar fell against the Australian dollar after the Reserve Bank of Australia gave a less gloomy account of the global and domestic economy while keeping its cash rate unchanged at 2 percent. More >>
F&P Appliances to close East Tamaki factory
Tuesday, 5 April 2016, 5:10 pm | BusinessDesk
April 5 (BusinessDesk) - Fisher & Paykel Appliances is to close its small refrigeration appliances factory in Auckland's East Tamaki, with the loss of 186 jobs, saying the plant did not have the scale or cost-competitiveness to remain open. More >>
Decima Health's Weir to pitch eczema treatment
Tuesday, 5 April 2016, 4:44 pm | BusinessDesk
April 5 (BusinessDesk) - Iona Weir, chief executive of Auckland-based Decima Health, will get the chance to pitch the eczema treatment she developed to a global dermatology conference in the US after organisers liked her abstract so much they asked her to ... More >>
NZ Middle East Business Council gets Saudi breakthrough
Tuesday, 5 April 2016, 4:31 pm | BusinessDesk
April 5 (BusinessDesk) - The New Zealand Middle East Business Council has signed a memorandum of understanding to set up a joint business council with the Council of Saudi Chambers of Commerce and Industry, seen as a key step in increasing two-way ... More >>
Fonterra Shareholders' Council rejects "wet shares" sales
Tuesday, 5 April 2016, 4:18 pm | BusinessDesk
April 5 (BusinessDesk) - The Fonterra Shareholders’ Council has rejected a suggestion the dairy cooperative could let farmers sell “wet shares” – the shares held based on annual milk production – as a way of providing them support at a time ... More >>
Spark secures wireless broadband sign-off in $9 million deal
Tuesday, 5 April 2016, 3:59 pm | BusinessDesk
April 5 (BusinessDesk) - Spark New Zealand, the telecommunications retailer, says it has now received all regulatory approvals for its planned purchase of a block of wireless spectrum for $9 million. More >>
Indebted Mercer Group settles insurance claim
Tuesday, 5 April 2016, 3:43 pm | BusinessDesk
April 5 (BusinessDesk) - Mercer Group, the stainless steel fabricator, has settled an insurance claim with AIG over damage to a property in the Christchurch earthquakes in 2010 and 2011. More >>
Cash-strapped farmers could sell 'wet' shares to reduce debt
Tuesday, 5 April 2016, 2:17 pm | BusinessDesk
April 5 (BusinessDesk) - Fonterra Cooperative Group could let farmer shareholders sell “wet shares” – the shares held based on annual milk production - as a way of providing support to its cash-strapped milk suppliers, says broker First NZ ... More >>
Briscoe seeks $100,000 bump to directors' fee pool
Tuesday, 5 April 2016, 12:37 pm | BusinessDesk
April 5 (BusinessDesk) - Briscoe Group, the retailer controlled by managing director Rod Duke, wants shareholders to approve a $100,000 bump to the pool for directors' fees, giving it the flexibility to add another member to the board. More >>
