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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 641]
NZ dollar gains vs. A$ as futures point to dairy price rise
Tuesday, 15 March 2016, 5:31 pm | BusinessDesk
March 15 (BusinessDesk) - The New Zealand dollar rose against the Australian dollar on speculation rising milk powder futures on the NZX point to a gain in prices at the GlobalDairyTrade auction overnight. More >>
Hotchin can drag Guardian Trust into Hanover settlement
Tuesday, 15 March 2016, 4:43 pm | BusinessDesk
March 15 (BusinessDesk) - Former Hanover Finance principal Mark Hotchin can try to force the failed lender's former trustee Guardian Trust to contribute to an $18 million settlement after winning his appeal in a split Supreme Court decision. More >>
Energy Mad CEO/CFO Ravlich to depart
Tuesday, 15 March 2016, 4:40 pm | BusinessDesk
March 15 (BusinessDesk) - Energy Mad chief executive and chief financial officer Paul Ravlich has resigned after three years running the unprofitable lightbulb maker. More >>
China Resources buys stake in NZ's biggest apple exporter
Tuesday, 15 March 2016, 4:15 pm | BusinessDesk
March 15 (BusinessDesk) - China Resources Ng Fung has acquired 15.3 percent of Scales Corp, New Zealand's biggest apple exporter, for about $55.9 million from Direct Capital Investments. More >>
Wool exporters scrambling to fill lower-grade fibre orders
Tuesday, 15 March 2016, 2:49 pm | BusinessDesk
March 15 (BusinessDesk) - New Zealand wool exporters scrambling to fill orders for lower-grade wool have driven up the price of what are known as oddments in recent weeks because the season to date has delivered an unexpectedly high-quality clip. More >>
Tainui seeks judicial review of Solid Energy land sale
Tuesday, 15 March 2016, 10:57 am | BusinessDesk
March 15 (BusinessDesk) - Waikato-Tainui said it will seek a judicial review of the sale of surplus land by Solid Energy because the failed state-owned coal miner hasn't complied with legislation covering the government's Treaty of Waitangi settlements ... More >>
Tainui seeks judicial review of Solid Energy land sale
Tuesday, 15 March 2016, 10:57 am | BusinessDesk
March 15 (BusinessDesk) - Waikato-Tainui said it will seek a judicial review of the sale of surplus land by Solid Energy because the failed state-owned coal miner hasn't complied with legislation covering the government's Treaty of Waitangi settlements ... More >>
Online retailer Kogan.com will take over Dick Smith brand
Tuesday, 15 March 2016, 10:54 am | BusinessDesk
Aussie online retailer Kogan.com will take over Dick Smith brand online from June 1 More >>
Synlait boosts milk suppliers by 28 in Canterbury
Tuesday, 15 March 2016, 10:33 am | BusinessDesk
March 15 (BusinessDesk) - Synlait Milk, the South Island-based dairy processor, has added 28 milk suppliers in Canterbury, boosting the total to 201 to meet forecast growth in its value-added nutritional product business for the 2016/17 season following ... More >>
NZ dollar falls as US dollar strengthens before Fed meeting
Tuesday, 15 March 2016, 8:47 am | BusinessDesk
March 15 (BusinessDesk) - The New Zealand dollar fell as the US dollar strengthened ahead of the Federal Reserve's interest rate decision this week. More >>
While you were sleeping: Wall St mixed ahead of Fed
Tuesday, 15 March 2016, 7:20 am | BusinessDesk
March 15 (BusinessDesk) - Wall Street was mixed while US Treasuries rose a day before the Federal Reserve begins its two-day policy meeting that will be closely watched for clues on the path for interest rate increases. Oil fell as Iran appears unlikely ... More >>
MARKET CLOSE: NZ shares rise, led by Sky TV; SkyCity drops
Monday, 14 March 2016, 6:35 pm | BusinessDesk
March 14 (BusinessDesk) - New Zealand shares rose, led by Sky Network Television which has been on an investor roadshow to rally up support, while power companies Contact Energy and Trustpower gained. More >>
Affco seeks leave to appeal Employment Court ruling
Monday, 14 March 2016, 6:34 pm | BusinessDesk
March 14 (BusinessDesk) - Affco New Zealand has sought leave to challenge an Employment Court ruling that the Talleys Group-controlled meat processor unlawfully locked out meat workers when collective bargaining talks were still underway. More >>
CORRECT: NZ dollar little changed in slow start to week
Monday, 14 March 2016, 6:31 pm | BusinessDesk
March 14 (BusinessDesk) - The New Zealand dollar was little changed in a slow start to a week where investors will have to gauge US monetary policy, local economic growth and the latest dairy price auction. More >>
NZ dollar little changed in slow start to event-filled week
Monday, 14 March 2016, 5:29 pm | BusinessDesk
March 14 (BusinessDesk) - The New Zealand dollar was little changed in a slow start to a week where investors will have to gauge US monetary policy, local economic growth and the latest dairy price auction. More >>
NZ calf prices hit record high as demand soars
Monday, 14 March 2016, 5:15 pm | BusinessDesk
March 14 (BusinessDesk) - Prices for weaned calves at the start of the new sales season in New Zealand are hitting record highs amid increased demand and lower supply. More >>
Queenstown Airport in $2.7mn High Court tax battle
Monday, 14 March 2016, 4:33 pm | BusinessDesk
March 14 (BusinessDesk) - Queenstown Airport's runway end safety area is more than just land and the airport should be able to claim depreciation for its construction, it has claimed in Wellington's High Court this morning. More >>
Irrigation NZ rejects call for 5 year ban on new schemes
Monday, 14 March 2016, 4:09 pm | BusinessDesk
Irrigation NZ rejects tourism and environmentalist call for five-year ban on new water schemes More >>
SFO investigates Auckland property developer Leonard Ross
Monday, 14 March 2016, 3:31 pm | BusinessDesk
March 14 (BusinessDesk) - The Serious Fraud Office is investigating Auckland property developer Leonard Ross and the outcome will determine whether apartment owners in one of his projects will pursue their own legal claim against him. More >>
RBNZ may give economy more room to run on weak inflation
Monday, 14 March 2016, 12:44 pm | BusinessDesk
March 14 (BusinessDesk) - The New Zealand economy may have extended its rebound in the fourth quarter, confirming growth accelerated after a weak first half in 2015, although a strong number is less likely to rattle a Reserve Bank intent on fuelling ... More >>
