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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 634]
Market Close:NZ shares rise with health stocks leading gains
Wednesday, 30 March 2016, 5:39 pm | BusinessDesk
March 30 (BusinessDesk) - New Zealand shares hit a fresh record as health stocks Metlifecare, Ebos Group and Orion Health Group led the index higher. More >>
UPDATE: Orion Health shares gain on US deal; profit in focus
Wednesday, 30 March 2016, 5:17 pm | BusinessDesk
March 30 (BusinessDesk) - Orion Health Group shares rose more than 4 percent after the Auckland-based medical software provider said it has signed a deal with a major healthcare insurer in the United States which will see its Amadeus platform rolled ... More >>
NZ dollar holds gains after Yellen caution on US rate hikes
Wednesday, 30 March 2016, 5:16 pm | BusinessDesk
March 30 (BusinessDesk) - The New Zealand dollar held gains in local trading after a cautious speech by Federal Reserve chair Janet Yellen prompted investors to scale back their expectations for future interest rate increases in the US. More >>
NZ dollar holds gains after Yellen caution on US rate hikes
Wednesday, 30 March 2016, 5:15 pm | BusinessDesk
March 30 (BusinessDesk) - The New Zealand dollar held gains in local trading after a cautious speech by Federal Reserve chair Janet Yellen prompted investors to scale back their expectations for future interest rate increases in the US. More >>
Orion shares jumped 6.4% on US health insurer deal
Wednesday, 30 March 2016, 4:33 pm | BusinessDesk
March 30 (BusinessDesk) - Orion Health Group shares jumped 6.4 percent after the Auckland-based medical software provider said it's signed a deal with a major healthcare insurer in the United States which will see its Amadeus platform rolled out for use ... More >>
UPDATE: Air NZ faces loss on Virgin exit
Wednesday, 30 March 2016, 4:20 pm | BusinessDesk
March 30 (BusinessDesk) - Air New Zealand looks set to lose money if it goes ahead with selling its 26 percent stake in Virgin Australia after hiring investment bankers to review the shareholding. More >>
No need for 'radically different' inflation target: Makhlouf
Wednesday, 30 March 2016, 3:30 pm | BusinessDesk
March 30 (BusinessDesk) - Treasury secretary Gabriel Makhlouf says he's seen no evidence that the policy framework between the Reserve Bank and the Finance Minister needs to be "radically different" despite weak inflation, and the department's ... More >>
Outgoing Westland boss warns of more seasons of dairy pain
Wednesday, 30 March 2016, 3:29 pm | BusinessDesk
March 30 (BusinessDesk) - Outgoing Westland Milk Products chief executive Rod Quin has warned low milk payouts are likely to continue for another two seasons as the Hokitika-based dairy cooperative lowered its predicted payout for the current season ... More >>
Air NZ reviews its 26% stake in Virgin Australia
Wednesday, 30 March 2016, 2:16 pm | BusinessDesk
March 30 (BusinessDesk) - Air New Zealand has hired investment bankers to look at a sale of its 26 percent stake in Virgin Australia, less than a fortnight after committing to a one-year A$131.2 million loan to the airline. More >>
Chorus to raise up to $400M in bond issue to repay bank debt
Wednesday, 30 March 2016, 2:02 pm | BusinessDesk
March 30 (BusinessDesk) - Chorus plans to raise as much as $400 million through a five-year bond issue to help repay $1.67 billion of bank debt, joining a growing number of companies refinancing through the listed debt market. More >>
Takeovers Code gives Chows room to waive mop-up provisions
Wednesday, 30 March 2016, 1:01 pm | BusinessDesk
March 30 (BusinessDesk) - John and Michael Chow are the first dominant owners of a company in recent memory to give shareholders the option of selling out of what was a shell company when they crossed the 90 percent threshold in a reverse listing ... More >>
Volpara seeks A$10M in ASX listing, can't predict profits
Wednesday, 30 March 2016, 12:39 pm | BusinessDesk
Medical technology firm Volpara seeks A$10M in ASX listing, can't predict future profitability More >>
NZ building consents climb 11% in February, led by Auckland
Wednesday, 30 March 2016, 11:38 am | BusinessDesk
March 30 (BusinessDesk) - New Zealand residential building consents climbed 11 percent in February, led by increased construction intentions in Auckland as the country's biggest city tries to house a swelling population. More >>
NZ regional confidence drops on dairy woes
Wednesday, 30 March 2016, 11:13 am | BusinessDesk
March 30 (BusinessDesk) - New Zealand regional economic confidence plunged in the March quarter, with pessimism driven by the economic impact of weak dairy prices, partly offset by stronger tourism. More >>
Intueri accounts tagged over going concern status
Wednesday, 30 March 2016, 10:25 am | BusinessDesk
March 30 (BusinessDesk) - Intueri Education Group's financial statements have been tagged by its auditor over the company's ability to continue as a going concern. More >>
Wynyard says 75% of shareholders take up rights offer
Wednesday, 30 March 2016, 10:14 am | BusinessDesk
March 30 (BusinessDesk) - About three-quarters of Wynyard Group's shareholders took up their rights to buy deeply discounted shares in a $30 million capital raising that was topped up by a group of new and existing shareholders. More >>
NZ dollar jumps after Yellen signals caution on rate hikes
Wednesday, 30 March 2016, 8:36 am | BusinessDesk
NZ dollar jumps 1 US cent overnight after Yellen signals caution about future US rate hikes More >>
While you were sleeping: Yellen signals caution
Wednesday, 30 March 2016, 6:50 am | BusinessDesk
March 30 (BusinessDesk) - Wall Street and US Treasuries rose, while the greenback weakened, after Federal Reserve Chair Janet Yellen flagged the central bank will “proceed cautiously” in raising interest rates. More >>
Chows forced to make full takeover offer for Chow Group
Tuesday, 29 March 2016, 6:01 pm | BusinessDesk
March 29 (BusinessDesk) - John and Michael Chow have been forced to make a full takeover offer for the shell they used for a reverse listing after the distribution of shares to their families triggered provisions in the Takeovers Code. More >>
MARKET CLOSE: NZ shares mixed as Meridian gains, ANZ falls
Tuesday, 29 March 2016, 5:48 pm | BusinessDesk
March 29 (BusinessDesk) - New Zealand shares were mixed, with the NZX 50 Index reaching a record high but with more companies falling. Meridian Energy rose ahead of going ex-dividend tomorrow while A2 Milk fell as its chief executive sold shares. Banks ... More >>
