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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 635]
Z to get $9.3 million repayment from Customs
Tuesday, 29 March 2016, 5:28 pm | BusinessDesk
March 29 (BusinessDesk) - Z Energy said its final settlement with the New Zealand Customs Service over the treatment of co-mingled fuels at Wiri Oil Services and other terminals came in at $18.5 million, meaning the service station chain will get back ... More >>
NZ dollar gains as traders await Fed chair Yellen's speech
Tuesday, 29 March 2016, 5:12 pm | BusinessDesk
March 29 (BusinessDesk) - The New Zealand dollar gained as slowing US inflation prompted traders to dial back expectations for future rate hikes while they await Federal Reserve chair Janet Yellen's first public speech since the central bank's last policy ... More >>
Union blindsided by latest NZ Post job cuts
Tuesday, 29 March 2016, 4:06 pm | BusinessDesk
March 29 (BusinessDesk) - The union representing some of the 500 New Zealand Post Group workers losing their jobs in the latest round of retrenchments says it got no notice of the cuts but expects there will be more to come as the state-owned postal ... More >>
NZ-based 9 Spokes launches roadshow for A$25M IPO on the ASX
Tuesday, 29 March 2016, 12:04 pm | BusinessDesk
March 29 (BusinessDesk) - New Zealand-based cloud app integrator 9 Spokes is launching a roadshow in Melbourne and Sydney this week and then New Zealand and Asia next week to drum up support for a A$25 million listing on the ASX. More >>
Oceania CEO Earl Gasparich says company not headed for IPO
Tuesday, 29 March 2016, 11:45 am | BusinessDesk
March 29 (BusinessDesk) - Oceania Healthcare, the aged-care operator owned by Macquarie Group funds, has denied reports it is preparing for an initial public offering. More >>
Veritas and Burger King owner to sell disputed meat patty co
Tuesday, 29 March 2016, 11:02 am | BusinessDesk
March 29 (BusinessDesk) - Veritas Investments and local Burger King franchise operator Anatares Restaurant Group have agreed to sell the assets of their joint venture which supplied beef patties to the fast food operator after the deal broke down last year. ... More >>
LanzaTech signs first North American waste conversion deal
Tuesday, 29 March 2016, 10:39 am | BusinessDesk
March 29 (BusinessDesk) - NZ-founded LanzaTech has signed its first North American deal, giving US biofuels and biochemicals maker Aemetis exclusive rights to its patented technology to convert various types of waste gas to ethanol in California. More >>
Trilogy's Buglass takes advantage of near-record stock price
Tuesday, 29 March 2016, 10:24 am | BusinessDesk
March 29 (BusinessDesk) - Trilogy International chief executive Angela Buglass has sold 100,000 shares after the first tranche of 400,000 options vested, taking advantage of a stock price that soared 284 percent in the past year and reached a record this ... More >>
IkeGPS executive reshuffle sees CFO, sales VP leave
Tuesday, 29 March 2016, 9:26 am | BusinessDesk
March 29 (BusinessDesk) - An executive reshuffle at IkeGPS will see the departure of the laser measurement tool developer's chief financial officer and senior vice president of sales. More >>
NZ dollar gains as soft US inflation clouds US rate outlook
Tuesday, 29 March 2016, 8:47 am | BusinessDesk
March 29 (BusinessDesk) - The New Zealand dollar gained as slower inflation in the US in the US prompted traders to dial back the timing of further Federal Reserve interest rate hikes. More >>
World Week Ahead: Yellen speaks, US jobs data
Tuesday, 29 March 2016, 7:15 am | BusinessDesk
March 29 (BusinessDesk) - US Federal Reserve Chair Janet Yellen is set to speak on Tuesday, offering a key focus for investors before the government’s jobs data are due at the end of the week. More >>
MARKET CLOSE: NZ shares dip; banks suffer on ANZ's bad debt
Thursday, 24 March 2016, 5:50 pm | BusinessDesk
March 24 (BusinessDesk) - New Zealand shares fell, led by Australia & New Zealand Banking Group and Westpac Banking Corp after ANZ announced it was increasing its bad debt provisions. More >>
NZ dollar heads for 1.4% decline as traders rethink Fed rate
Thursday, 24 March 2016, 5:16 pm | BusinessDesk
NZ dollar heads for 1.4% decline as traders rethink Fed rate By Paul McBeth More >>
NZ Refining suffers $8 million hydrocracker problem
Thursday, 24 March 2016, 4:06 pm | BusinessDesk
March 24 (BusinessDesk) - New Zealand Refining will shave between $7-and-$8 million off processing fee revenue due to problems at its hydrocracker unit. More >>
Update: Scott Technology expects to accelerate expansion
Thursday, 24 March 2016, 3:54 pm | BusinessDesk
March 24 (BusinessDesk) - Scott Technology wants to accelerate its growth plans, which could include bigger acquisitions, once the Overseas Investment Office signs off on Brazilian meat processor JBS taking a majority stake in the industrial automation ... More >>
First NZ retains 'neutral' recommendation on Fonterra SF
Thursday, 24 March 2016, 3:43 pm | BusinessDesk
March 24 (BusinessDesk) - One of New Zealand's largest stockbrokers, First NZ Capital, has retained its 'neutral' recommendation on Fonterra Shareholders' Fund, which gives outside investors access to the dairy cooperatives' revenue stream. More >>
First NZ retains 'neutral' recommendation on Fonterra SF
Thursday, 24 March 2016, 3:43 pm | BusinessDesk
March 24 (BusinessDesk) - One of New Zealand's largest stockbrokers, First NZ Capital, has retained its 'neutral' recommendation on Fonterra Shareholders' Fund, which gives outside investors access to the dairy cooperatives' revenue stream. More >>
NZDF deployment to Iraq likely to come in below budget
Thursday, 24 March 2016, 3:29 pm | BusinessDesk
March 24 (BusinessDesk) - New Zealand's two-year military deployment to Iraq to train security forces fighting Islamic State is likely to come in below budget because living costs at Camp Taji are tracking at about half the estimated amount. More >>
NZDF deployment to Iraq likely to come in below budget
Thursday, 24 March 2016, 3:29 pm | BusinessDesk
March 24 (BusinessDesk) - New Zealand's two-year military deployment to Iraq to train security forces fighting Islamic State is likely to come in below budget because living costs at Camp Taji are tracking at about half the estimated amount. More >>
VMob builds fuel app for 7-Eleven in Australia
Thursday, 24 March 2016, 2:09 pm | BusinessDesk
March 24 (BusinessDesk) - VMob, the listed mobile advertising firm, has made its first large-scale foray into Australia with a fuel app made for convenience store chain 7-Eleven. More >>
