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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 646]
Go Bus wins Sth Auckland contracts formerly held by Infratil
Monday, 7 March 2016, 11:16 am | BusinessDesk
March 7 (BusinessDesk) - Iwi-owned Go Bus has won four South Auckland public transport contracts, after Infratil's NZ Bus unit failed in its bid to retain the contracts. More >>
Landcorp to scale back Wairakei dairy conversion
Monday, 7 March 2016, 10:22 am | BusinessDesk
March 7 (BusinessDesk) - Landcorp Farming, the state-owned farmer, confirmed it will scale back the conversion of former forestry land to dairy farming on leased land at the Wairakei Estate north of Taupo following a slump in milk prices and concern ... More >>
Pacific Edge contract with US vets positive
Monday, 7 March 2016, 10:03 am | BusinessDesk
March 7 (BusinessDesk) - Pacific Edge's supply deal with the US Veterans Administration is positive news but it's still unclear how much benefit the bladder cancer test maker will get from the contract, brokerage First NZ Capital said. More >>
Insight bid for Diligent above adviser's US$4.80 fair value
Monday, 7 March 2016, 9:47 am | BusinessDesk
March 7 (BusinessDesk) - Insight Venture Capital's US$624 million takeover bid for Diligent Corp represents fair value for the software developer's shareholders, according to the independent adviser's valuation. More >>
NZ dollar hits 2-month high as US wages fall
Monday, 7 March 2016, 8:43 am | BusinessDesk
March 7 (BusinessDesk) - The New Zealand dollar touched a two-month high as the greenback slid following a mixed report on the US jobs market. More >>
World Week Ahead: Will Draghi deliver?
Monday, 7 March 2016, 7:58 am | BusinessDesk
March 7 (BusinessDesk) - With stronger-than-expected jobs data chasing away any lingering concerns the US might be headed for a recession, equities are poised to regain their footing in a week the European Central Bank is expected to add even more monetary ... More >>
MARKET CLOSE: NZX 50 charts new record high
Friday, 4 March 2016, 5:49 pm | BusinessDesk
MARKET CLOSE: NZX 50 charts new record as Restaurant Brands, SkyCity gain, Metro Glass falls More >>
NZ wool prices slip on higher auction volumes
Friday, 4 March 2016, 5:15 pm | BusinessDesk
The price for clean 35-micron wool, a benchmark for crossbred wool used for carpets and accounting for the majority of New Zealand's production, sank to $5.85 per kilogram at auction yesterday, from $5.95/kg last week, according to AgriHQ. Lambs wool dropped ... More >>
NZ dollar heads for 1.9% weekly gain as US jobs report looms
Friday, 4 March 2016, 5:14 pm | BusinessDesk
March 4 (BusinessDesk) - The New Zealand dollar is heading for a 1.9 percent gain against the greenback this week ahead of US employment data which investors will be watching to gauge whether the Federal Reserve will continue hiking interest rates ... More >>
UPDATE: Steel mesh makers re-test products on ComCom concern
Friday, 4 March 2016, 4:13 pm | BusinessDesk
March 4 (BusinessDesk) – Euro Corp and Brilliance Steel, which stopped selling steel mesh products following Commerce Commission concerns, are both conducting independent re-tests of their stock to ensure compliance with building standards. More >>
English content to wait until 2017 for review of RBNZ's PTA
Friday, 4 March 2016, 2:53 pm | BusinessDesk
March 4 (BusinessDesk) - Finance Minister Bill English says he's prepared to wait for the scheduled review of the policy targets agreement with the Reserve Bank next year to consider whether it's still appropriate in a global economy where inflationary ... More >>
UCI's soaring junk bond yield underlines default fears
Friday, 4 March 2016, 2:42 pm | BusinessDesk
UCI's soaring junk bond yield underlines default fears for Hart's auto parts firm More >>
Low borrowing costs, weaker kiwi to underpin NZ M&A activity
Friday, 4 March 2016, 1:42 pm | BusinessDesk
March 4 (BusinessDesk) - Cheap borrowing costs and a New Zealand dollar that has shed a fifth of its value in the past two years are likely to underpin merger and acquisition activity this year, according to a law firm that advised on some of the ... More >>
NZ no longer has global dairy market to itself, English says
Friday, 4 March 2016, 1:26 pm | BusinessDesk
NZ no longer has global dairy market to itself as rivals challenge on cost, supply, English says More >>
Steel mesh companies ordered to stop selling products
Friday, 4 March 2016, 11:40 am | BusinessDesk
March 4 (BusinessDesk) - The Commerce Commission has ordered Euro Corporation and Brilliance Steel to stop selling some steel mesh products used in residential construction while it investigates whether they meet the required building standards. More >>
UPDATE: Restaurant Brands shares jump to record
Friday, 4 March 2016, 11:35 am | BusinessDesk
March 4 (BusinessDesk) - Restaurant Brands New Zealand shares jumped to a record after the fast food operator unveiled plans to expand across the Tasman, buying the biggest KFC fried chicken franchise in New South Wales for A$82.4 million in cash ... More >>
Chinese investor to boost cinema software provider Vista
Friday, 4 March 2016, 11:04 am | BusinessDesk
March 4 (BusinessDesk) - Beijing Weying Technology Co (WePiao) is taking a 2 percent shareholding in Vista Group International as part of a deal that will see the pair set up a new venture to tap into China’s expanding film market and is expected ... More >>
NZ govt's 7-mth operating surplus beats forecast
Friday, 4 March 2016, 10:15 am | BusinessDesk
NZ govt's 7-mth operating surplus beats forecast as jobs, spending fuel tax take More >>
Restaurant Brands buys NSW KFC franchise
Friday, 4 March 2016, 9:02 am | BusinessDesk
Restaurant Brands dips toes across the Tasman, buying NSW KFC franchise for A$82.4M More >>
NZ dollar jumps to week high on fears over weak US jobs data
Friday, 4 March 2016, 8:46 am | BusinessDesk
NZ dollar jumps to week high on concern weak US jobs data may delay Fed hikes More >>
