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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 648]
Mercer to refinance bank debt
Wednesday, 2 March 2016, 12:59 pm | BusinessDesk
March 2 (BusinessDesk) - Mercer Group, the stainless steel fabricator planning to split its businesses in two, will repay bank debt after restructuring a loan with shareholder and director Humphrey Rolleston. More >>
ASX-listed Carbon Conscious sells NZ assets
Wednesday, 2 March 2016, 12:25 pm | BusinessDesk
March 2 (BusinessDesk) - ASX-listed carbon emissions abatement firm Carbon Conscious has sold its New Zealand assets for $3.6 million, as it shifts its focus to dairying in Western Australia. More >>
Investors, lenders, regulators want deeper finance reports
Wednesday, 2 March 2016, 12:22 pm | BusinessDesk
March 2 (BusinessDesk) - A majority of investors, lenders and regulators want to see additional information provided by companies in their financial reports, according to research commissioned by the External Reporting Board. More >>
NZ property value growth continues to slow in February
Wednesday, 2 March 2016, 12:00 pm | BusinessDesk
March 2 (BusinessDesk) - New Zealand property value growth continued to slow in February, with a cooling Auckland housing market offsetting gains in other main centres. More >>
Landcorp posts first-half operating loss on lower milk price
Wednesday, 2 March 2016, 11:34 am | BusinessDesk
March 2 (BusinessDesk) - Landcorp Farming, the state-owned farmer, posted a net operating loss in the first half of its financial year, and said that's expected to widen for the full year, reflecting a decline in milk prices. More >>
Sovereign appoints ASB executive Nick Stanhope as new boss
Wednesday, 2 March 2016, 11:08 am | BusinessDesk
March 2 (BusinessDesk) - Sovereign Assurance, New Zealand's biggest life insurer, has appointed Nick Stanhope as chief executive. More >>
Auckland Airport worker's alleged fraud may exceed $1.84M
Wednesday, 2 March 2016, 10:55 am | BusinessDesk
Sacked Auckland Airport worker's assets frozen, alleged fraud may be bigger than $1.84M More >>
Wynyard's $30M capital raising has further 'discount'
Wednesday, 2 March 2016, 10:25 am | BusinessDesk
March 2 (BusinessDesk) - Major shareholders of Wynyard Group will effectively get a further 4 percent discount by way of a fee payable in shares for committing to the crime-fighting and security software developer's deeply discounted $30 million ... More >>
Comvita, Capilano form Australian honey venture
Wednesday, 2 March 2016, 9:46 am | BusinessDesk
March 2 (BusinessDesk) - New Zealand manuka honey company Comvita is linking up with its Australian counterpart Capilano Honey to form an apiary business in Australia. More >>
Rakon increases stake in Australian start-up Thinxtra
Wednesday, 2 March 2016, 9:45 am | BusinessDesk
March 2 (BusinessDesk) - Rakon, the high-tech components manufacturer, has increased its stake in Australian start-up Thinxtra to almost a fifth as it looks to boost its exposure in expanding machine-to-machine (M2M) connectivity, known as the Internet ... More >>
Intueri ordered to pay $200,000 over diving school fatality
Wednesday, 2 March 2016, 9:32 am | BusinessDesk
March 2 (BusinessDesk) - Intueri Education Group, whose Quantum Education Group unit is under investigation by the Serious Fraud Office, has been ordered to pay another $150,000 in reparation and costs to the family of the student who died at its diving ... More >>
NZ dollar trades in tight range ahead of key US jobs data
Wednesday, 2 March 2016, 8:46 am | BusinessDesk
March 2 (BusinessDesk) - The New Zealand dollar traded in a tight range overnight as investors await a key US employment report at the end of the week for a gauge on the outlook for interest rates in the world's largest economy. More >>
While you were sleeping: US outlook brightens
Wednesday, 2 March 2016, 7:44 am | BusinessDesk
March 2 (BusinessDesk) - Wall Street rallied as the latest data on US manufacturing, construction spending and car sales bolstered optimism about the outlook. More >>
Dairy product prices rise for the first time in 2016
Wednesday, 2 March 2016, 6:05 am | BusinessDesk
March 2 (BusinessDesk) - Dairy product prices rose in the latest GlobalDairyTrade auction, stemming four consecutive slides to start the year, as whole milk powder prices moved higher across all contract periods. More >>
MARKET CLOSE: NZ shares rise, Sky TV keeps falling
Tuesday, 1 March 2016, 6:12 pm | BusinessDesk
March 1 (BusinessDesk) - New Zealand shares rose, joining a global rally in stocks after China's central bank took steps to further stimulate the world's second-biggest economy and boosting investors' appetite for risk-sensitive assets. Z Energy and ... More >>
SFO says no changes made after South Canterbury criticism
Tuesday, 1 March 2016, 6:11 pm | BusinessDesk
March 1 (BusinessDesk) - The Serious Fraud Office says it hasn't made any changes to the way it carries out complex investigations as a result of criticism of its investigation into South Canterbury Finance although it now routinely involves its ... More >>
NZ dollar falls vs Aus dollar as RBA shrugs off global fears
Tuesday, 1 March 2016, 5:21 pm | BusinessDesk
NZ dollar falls vs Aus dollar as RBA shrugs off global fears By Paul McBeth More >>
Pumpkin Patch predicts profit of just $2mln on intl woes
Tuesday, 1 March 2016, 5:15 pm | BusinessDesk
March 1 (BusinessDesk) - Pumpkin Patch is blaming adverse currency movements and further declines in its international wholesale business as it warns profit for the first half of the year will be just a fifth of what it achieved a year earlier. More >>
Pumpkin Patch predicts profit of just $2mln on intl woes
Tuesday, 1 March 2016, 5:15 pm | BusinessDesk
March 1 (BusinessDesk) - Pumpkin Patch is blaming adverse currency movements and further declines in its international wholesale business as it warns profit for the first half of the year will be just a fifth of what it achieved a year earlier. More >>
RBA keeps cash rate at 2%, repeats scope for easing bias
Tuesday, 1 March 2016, 5:06 pm | BusinessDesk
March 1 (BusinessDesk) - The Reserve Bank of Australia kept its cash rate unchanged, while reiterating an easing bias given weak inflation, showing little sign of having revised its position since last reviewing monetary conditions four weeks ago. More >>
