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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 632]
NZ employment confidence improves
Monday, 4 April 2016, 11:01 am | BusinessDesk
April 4 (BusinessDesk) - New Zealand workers grew more optimistic for a second quarter as a growing number of people earned more than they did a year earlier. More >>
Serco to pay $8m to Corrections after step-in clause invoked
Monday, 4 April 2016, 10:50 am | BusinessDesk
April 4 (BusinessDesk) - Serco has agreed to pay $8 million to Corrections after the department stepped in last July to manage the Mt Eden Corrections facility. More >>
NZOG plans to delist from ASX
Monday, 4 April 2016, 9:43 am | BusinessDesk
April 4 (BusinessDesk) - New Zealand Oil & Gas plans to delist its stock from the Australian exchange, saying the shares are little traded and the move would reduce costs by about $400,000. More >>
IkeGPS says 2016 sales near bottom of guidance
Monday, 4 April 2016, 9:37 am | BusinessDesk
April 4 (BusinessDesk) - IkeGPS says annual sales were at the bottom end of its lowered guidance with $2.2 million of orders received in the final month of its current financial year to be booked in the 2017 financial year. More >>
NZOG plans to delist from ASX, citing low liquidity, costs
Monday, 4 April 2016, 9:15 am | BusinessDesk
April 4 (BusinessDesk) - New Zealand Oil & Gas plans to delist its stock from the Australian exchange, saying the shares are little traded and the move would reduce costs by about $400,000. More >>
NZ dollar holds near 69 US cents
Monday, 4 April 2016, 9:13 am | BusinessDesk
NZ dollar holds near 69 US cents as US jobs data fails to budge rate views More >>
World Week Ahead: Fed minutes, oil in focus
Monday, 4 April 2016, 9:01 am | BusinessDesk
April 4 (BusinessDesk) - Investors will scrutinise minutes of the US Federal Reserve’s latest meeting, in March, when they are released on Wednesday for further clues on potential US interest rate increases this year. More >>
NZ dollar holds near 69 US cts as US jobs affirm rate view
Monday, 4 April 2016, 8:30 am | BusinessDesk
NZ dollar holds near 69 US cents as US jobs data fails to budge rate views More >>
World Week Ahead: Fed minutes, oil in focus
Monday, 4 April 2016, 7:44 am | BusinessDesk
April 4 (BusinessDesk) - Investors will scrutinise minutes of the US Federal Reserve’s latest meeting, in March, when they are released on Wednesday for further clues on potential US interest rate increases this year. More >>
MARKET CLOSE: NZ shares drop, led by ANZ, Westpac
Friday, 1 April 2016, 5:49 pm | BusinessDesk
April 1 (BusinessDesk) - New Zealand shares fell, dragged down by dual-listed Australia & New Zealand Banking Group and Westpac Banking Group and softness in prices for several leading New Zealand stocks. More >>
NZ dollar heads for 3.2% weekly gain
Friday, 1 April 2016, 5:20 pm | BusinessDesk
April 1 (BusinessDesk) - The New Zealand dollar is heading for a 3.2 percent weekly gain against the greenback after US Federal Reserve chair Janet Yellen's cautious outlook on the US economy saw investors dial back expectations for a rise in US interest ... More >>
OIO rejects poor quality applications, beefs up team numbers
Friday, 1 April 2016, 3:32 pm | BusinessDesk
April 1 (BusinessDesk) - The Overseas Investment Office, the unit of Land Information New Zealand that assesses foreign investment, is taking a harder line in rejecting applications that need more work and has expanded its team in an effort to speed ... More >>
Fitch sees milk price recovery beyond 2016
Friday, 1 April 2016, 2:49 pm | BusinessDesk
April 1 (BusinessDesk) - Credit rating agency Fitch Ratings said continued growth in European milk production to ramp up exports will further delay a recovery in global milk prices until beyond the end of this year. More >>
Tomizone restructures debt but still needs new capital
Friday, 1 April 2016, 2:33 pm | BusinessDesk
Auckland wi-fi company Tomizone restructures debt but is yet to complete crucial capital raise More >>
NZ wool prices slip at auction on higher Kiwi dollar
Friday, 1 April 2016, 11:09 am | BusinessDesk
April 1 (BusinessDesk) - New Zealand wool prices slipped at this week's auction as a higher New Zealand dollar made the fibre less attractive to overseas buyers. More >>
Kirkcaldie directors recommend rejecting Brierley's bid
Friday, 1 April 2016, 10:57 am | BusinessDesk
April 1 (BusinessDesk) - Kirkcaldie & Stains' directors have recommended shareholders reject veteran corporate raider Ron Brierley's takeover offer, saying Brierley has offered too little for the shares. More >>
Pengxin withdraws judicial review of Lochinver rejection
Friday, 1 April 2016, 10:53 am | BusinessDesk
April 1 (BusinessDesk) - Chinese agricultural investor Shanghai Pengxin has withdrawn its judicial review of the government’s decision to decline its application to purchase the Lochinver sheep and beef station near Taupo, despite "a great deal ... More >>
Construction begins on Hawaiki trans-Pacific internet cable
Friday, 1 April 2016, 10:20 am | BusinessDesk
April 1 (BusinessDesk) - Construction has begun on a new trans-Pacific high-speed internet cable linking New Zealand to Australia and the United States. More >>
Tegel looks to raise up to $344.4M in first NZ IPO this year
Friday, 1 April 2016, 9:38 am | BusinessDesk
Tegel looks to raise up to $344.4M in New Zealand's first IPO for the year More >>
Pushpay sells Run The Red unit for $4.5M
Friday, 1 April 2016, 9:13 am | BusinessDesk
April 1 (BusinessDesk) - Pushpay Holdings, the mobile payments app developer, sold its Run The Red business, a personalised text messaging service for businesses, for $4.5 million, which it will use to expand its core business. More >>
