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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 633]
NZ dollar hits fresh nine-month high on US rate outlook
Friday, 1 April 2016, 8:31 am | BusinessDesk
NZ dollar hits fresh nine-month high as US dollar weakens on interest rate outlook More >>
While you were sleeping: Eyes on US payrolls
Friday, 1 April 2016, 7:08 am | BusinessDesk
April 1 (BusinessDesk) - Wall Street traded steady to higher ahead of the US jobs report due on Friday, as investors try to gauge how cautiously the Federal Reserve might approach interest rate increases this year. More >>
MARKET CLOSE: NZ shares rise, posts 6.2% quarterly gain
Thursday, 31 March 2016, 6:05 pm | BusinessDesk
March 31 (BusinessDesk) - New Zealand shares rose, pushing the NZX 50 Index to a fresh record and rounding out a 6.2 percent quarterly gain. Orion Health Group, Xero and Fletcher Building gained. More >>
Finzsoft warns on profit, links up with First Credit Union
Thursday, 31 March 2016, 5:18 pm | BusinessDesk
March 31 (BusinessDesk) - Finzsoft Solutions, the listed Auckland-based software provider to banks and financial services companies, has warned investors profits will be "materially lower" when it publishes its full-year results for ... More >>
NZ dollar may extend rally, investors wary on greenback
Thursday, 31 March 2016, 5:17 pm | BusinessDesk
March 31 (BusinessDesk) - The New Zealand dollar may extend its gain after touching a nine-month high after Federal Reserve chair Janet Yellen's caution over the path of future interest rate increases keeps investors wary about holding the greenback. More >>
Guilty plea for financial adviser in $1.4 million fraud
Thursday, 31 March 2016, 4:16 pm | BusinessDesk
March 31 (BusinessDesk) - A financial adviser with clients in the Waikato and the Bay of Plenty has pleaded guilty to a $1.4 million fraud at the Tauranga District Court. More >>
NZ farmer confidence falls in first quarter
Thursday, 31 March 2016, 3:14 pm | BusinessDesk
March 31 (BusinessDesk) - New Zealand farmer confidence fell in the first quarter, as downbeat dairy, sheep and beef farmers outweighed more optimistic horticulture growers. More >>
UPDATE: Synlait expects exchange rate to boost payout
Thursday, 31 March 2016, 2:06 pm | BusinessDesk
(Recasts, adding comments from chief executive. Fixes mistake around 201 suppliers as that's not until next season) More >>
NZ business confidence falls in March
Thursday, 31 March 2016, 1:57 pm | BusinessDesk
March 31 (BusinessDesk) - New Zealand businesses were increasingly negative about the overall state of play in March, although were more optimistic about their individual prospects. More >>
Mainzeal liquidators reject claims totalling $16.7 million
Thursday, 31 March 2016, 1:01 pm | BusinessDesk
March 31 (BusinessDesk) - The liquidators of the Mainzeal group of companies that started collapsing on Waitangi Day in 2013 have rejected $16.7 million of claims, or about 11 percent of what's sought by out-of-pocket creditors. More >>
Update: Oceania Natural shares jump 16% in NXT debut
Thursday, 31 March 2016, 12:19 pm | BusinessDesk
March 31 (BusinessDesk) - Oceania Natural shares climbed 16 percent in their NXT debut, capping off the first local listing of the year. More >>
Augusta collects $2.7 million from syndication, fund offers
Thursday, 31 March 2016, 12:01 pm | BusinessDesk
March 31 (BusinessDesk) - Augusta Capital says it generated fees totalling $2.7 million after successfully completing separate syndication and property fund offers. More >>
CBL announces first dividend payment since October listing
Thursday, 31 March 2016, 11:58 am | BusinessDesk
March 31 (BusinessDesk) - CBL Corp, the NZX-listed company that sells credit surety and financial risk insurance, has announced a 4.5 cent dividend. More >>
Oceania Natural targets China for sales growth
Thursday, 31 March 2016, 11:23 am | BusinessDesk
March 31 (BusinessDesk) - Oceania Natural, the food supplements maker set to join the NXT market today, will rely on its Chinese distribution networks as it looks to grow revenue by more than three times in the coming two years. More >>
UPDATE:Synlait plans to double premium payments to suppliers
Thursday, 31 March 2016, 11:15 am | BusinessDesk
March 31 (BusinessDesk) - Synlait Milk, the South Island dairy processor, expects premium payments to its farmer suppliers to double this financial year to $6 million, mainly on the back of a boom in canned infant formula sales. More >>
Energy Mad shares rise after Mardon leaves board
Thursday, 31 March 2016, 10:52 am | BusinessDesk
March 31 (BusinessDesk) - Energy Mad shares rose after the company pushed out the timing to achieve positive earnings by a year and said co-founder Chris Mardon left the company's board to focus on growing its Australian business. More >>
Synlait first-half profit jumps on A2 infant formula sales
Thursday, 31 March 2016, 9:23 am | BusinessDesk
March 31 (BusinessDesk) - Synlait Milk, the South Island dairy processor, boosted first-half underlying profit on a 358 percent increase in canned infant formula sales, mainly to specialty milk marketer A2 Milk. More >>
NZ dollar jumps above 69 US cts as USD weakness prevails
Thursday, 31 March 2016, 8:55 am | BusinessDesk
March 31 (BusinessDesk) - The New Zealand dollar jumped above 69 US cents overnight, its highest level since June last year, as the US dollar continued to weaken on growing expectations the Federal Reserve won't raise interest rates as fast as previously ... More >>
While you were sleeping: Rate relief rally
Thursday, 31 March 2016, 6:45 am | BusinessDesk
March 31 (BusinessDesk) - Wall Street rose, having pared some of its earlier gains with oil, as investors relished the prospect of fewer US interest rates this year. More >>
JBS gets approval to take majority stake in Scott Technology
Wednesday, 30 March 2016, 5:58 pm | BusinessDesk
March 30 (BusinessDesk) - Brazilian meat processor JBS has been granted Overseas Investment Office approval to take a majority stake in Scott Technology, ending a process that dragged on for more than six months. More >>
