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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 650]
Minimum wage rises 50c to $15.25
Monday, 29 February 2016, 4:43 pm | BusinessDesk
Feb. 29 (BusinessDesk) - The minimum wage is to rise by 50 cents to $15.25 an hour from April 1 2016. More >>
CBL lifts annual net profit 83%, outperforms IPO forecast
Monday, 29 February 2016, 4:31 pm | BusinessDesk
Feb. 29 (BusinessDesk) - CBL Corp, the NZX-listed company that sells credit surety and financial risk insurance, outperformed its initial public offering profit forecast to lift annual net profit 83 percent in 2015. More >>
Air NZ brings international expert to warn on Wgtn runway
Monday, 29 February 2016, 4:27 pm | BusinessDesk
Feb. 29 (BusinessDesk) - Promoters of the Wellington airport runway extension are mistaken to expect that building it will be enough to attract airlines to establish new long-haul routes to the capital, says an international airline expert brought ... More >>
Living Cell: Parkinson's clinical trial results due in 2017
Monday, 29 February 2016, 3:24 pm | BusinessDesk
Feb. 29 (BusinessDesk) - Australasian biotech company Living Cell Technologies says it will know the outcome of a make or break clinical trial on its regenerative cell therapy for Parkinson’s disease in the first quarter of next year. More >>
NZ Dollar Outlook: Kiwi decline expected as outlook sours
Monday, 29 February 2016, 2:39 pm | BusinessDesk
Feb. 29 (BusinessDesk) - The New Zealand dollar is expected to fall this week as weaker local conditions start to sour the economic outlook. More >>
Comcom to check aggregates mrkt in Fletcher bid for Higgins
Monday, 29 February 2016, 12:17 pm | BusinessDesk
Feb. 29 (BusinessDesk) - The Commerce Commission will conduct an investigation into the national and regional markets for construction aggregates before it decides whether to clear Fletcher Building's bid for construction firm Higgins Group Holdings. More >>
Blis Technologies forecasts FY loss even as revenue doubles
Monday, 29 February 2016, 11:39 am | BusinessDesk
Feb. 29 (BusinessDesk) - Blis Technologies, the NZX-listed biotech company, expects to post a loss for the year even as revenue more than doubles after it was hit by costs from having to replace stock that had discoloured. More >>
NZ building consents sink 8.2% as Canterbury drops off
Monday, 29 February 2016, 11:34 am | BusinessDesk
Feb. 29 (BusinessDesk) - New Zealand building consents fell last month as a drop-off in Canterbury construction intentions offset growth in other regions, although Auckland continued to lag behind the estimated level needed to match growth in housing demand. More >>
NZ business optimism slips in February on global turmoil
Monday, 29 February 2016, 11:15 am | BusinessDesk
Feb. 29 (BusinessDesk) - New Zealand firms gave in to global unease in February, as falling export prices and turmoil in equity markets dampened confidence, with interest rate and inflation expectations down. More >>
AFT Pharma strikes licensing deal with Swiss company
Monday, 29 February 2016, 11:03 am | BusinessDesk
Feb. 29 (BusinessDesk) - AFT Pharmaceuticals has reached agreement with privately-owned Swiss headquartered multinational pharmaceutical company Acino Pharma AG to out-license the Auckland drug-maker’s main product, the patented combination painkiller Maxigesic ... More >>
Pac Edge shares jump to 2-month high on US vet supply deal
Monday, 29 February 2016, 11:00 am | BusinessDesk
Pac Edge shares jump to 2-month high on US vet supply deal By Paul McBeth More >>
Marsden Maritime has 2.9% 1H profit lift, port volumes flat
Monday, 29 February 2016, 10:54 am | BusinessDesk
Feb. 29 (BusinessDesk) - Marsden Maritime Holdings, which owns half of the Marsden Point-based Northport along with a marina, commercial facilities and land, lifted first-half profit 2.9 percent with cargo volumes crossing the port largely flat. More >>
Seeka Kiwifruit lifts annual profit 35% on increased volumes
Monday, 29 February 2016, 10:24 am | BusinessDesk
Feb. 29 (BusinessDesk) - Seeka Kiwifruit Industries, the largest kiwifruit grower in Australia and New Zealand, increased annual profit 35 percent as volumes recover from the impact of the Psa-V vine disease and it received insurance money from a ... More >>
Allied Farmers 1H profit falls as it focuses on livestock
Monday, 29 February 2016, 10:16 am | BusinessDesk
Feb. 29 (BusinessDesk) - Allied Farmers reported a 32 percent drop in first-half profit as income from its shrinking asset management services segment plunged, while its livestock services segment increased sales. More >>
NZX to settle trades faster from March 7
Monday, 29 February 2016, 9:54 am | BusinessDesk
Feb. 29 (BusinessDesk) - New Zealand's stock exchange operator, NZX, will move to settle trades within two days instead of the current three day process from next Monday, March 7, the company confirmed. More >>
NZOG 1H loss widens on Tui, Maari writedowns
Monday, 29 February 2016, 9:49 am | BusinessDesk
NZOG 1H loss widens on Tui, Maari writedowns; cost-cutting to go up to the boardroom More >>
Diligent posts 14% annual profit decline
Monday, 29 February 2016, 9:14 am | BusinessDesk
Feb. 29 (BusinessDesk) - Diligent Corp, the governance software app developer under a takeover offer, posted a 14 percent decline in annual profit as it ramped up spending on marketing and research and development. More >>
NZ dollar falls after US data stokes bets on Fed rate hikes
Monday, 29 February 2016, 8:32 am | BusinessDesk
Feb. 29 (BusinessDesk) - The New Zealand dollar declined after upbeat economic data in the US revived expectations the Federal Reserve will continue to hike interest rates. More >>
World Week Ahead: Economic reality check
Monday, 29 February 2016, 7:52 am | BusinessDesk
Feb. 29 (BusinessDesk) - As recent better-than-expected US economic data have reminded investors, the Federal Reserve may have reasons to lift rates sooner than thought amid the international market turmoil. More >>
MARKET CLOSE: NZ shares mixed as Orion rises, Sky TV falls
Friday, 26 February 2016, 5:59 pm | BusinessDesk
MARKET CLOSE: NZ shares mixed as Orion Health, Coats rise, Sky TV falls after earnings More >>
