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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 651]
NZ dollar heading for 2% weekly gain
Friday, 26 February 2016, 5:38 pm | BusinessDesk
NZ dollar heading for 2% weekly gain as prospect of static US rates scales back greenback bets More >>
Motor maker Wellington Drive narrows full-year loss
Friday, 26 February 2016, 4:55 pm | BusinessDesk
Feb. 26 (BusinessDesk) - Wellington Drive Technologies, the maker of energy efficient motors, has reported a smaller loss with increased sales and better inventory and cost control. More >>
Futures point to stronger dairy prices in next week's GDT
Friday, 26 February 2016, 4:48 pm | BusinessDesk
Feb. 26 (BusinessDesk) - The price for New Zealand's key dairy product, whole milk powder, looks set to advance at next week's GlobalDairyTrade auction for the first time this year, according to traders who are pricing in an increase on the NZX futures ... More >>
UPDATE: Cashed-up Kirkcaldie mulls discounted Brierley offer
Friday, 26 February 2016, 4:24 pm | BusinessDesk
Feb. 26 (BusinessDesk) - Cashed-up retailer Kirkcaldie & Stains is expected to consider a takeover proposal from veteran corporate raider Ron Brierley at a board meeting next week while noting that the offer price is below its assessment of the ... More >>
NZ diagnostics company Pictor scores major licensing deal
Friday, 26 February 2016, 3:53 pm | BusinessDesk
Feb. 26 (BusinessDesk) - Auckland-based medical diagnostics company Pictor has scored its first major commercial deal, signing a licensing and distribution deal for its low-cost blood testing kit 10 years after the business started out in the founders’ ... More >>
Mt Eden prison contract spurs Serco Asia Pac earnings drop
Friday, 26 February 2016, 3:44 pm | BusinessDesk
Feb. 26 (BusinessDesk) - Multinational outsourcing group Serco saw its Asia-Pacific regional earnings tumble by two-thirds last year as it scaled back a costly contract running Australia's immigration centres and lost the deal to manage Auckland's Mt ... More >>
Mt Eden prison contract spurs Serco Asia Pac earnings drop
Friday, 26 February 2016, 3:44 pm | BusinessDesk
Feb. 26 (BusinessDesk) - Multinational outsourcing group Serco saw its Asia-Pacific regional earnings tumble by two-thirds last year as it scaled back a costly contract running Australia's immigration centres and lost the deal to manage Auckland's Mt ... More >>
Mt Eden prison contract spurs Serco Asia Pac earnings drop
Friday, 26 February 2016, 3:44 pm | BusinessDesk
Feb. 26 (BusinessDesk) - Multinational outsourcing group Serco saw its Asia-Pacific regional earnings tumble by two-thirds last year as it scaled back a costly contract running Australia's immigration centres and lost the deal to manage Auckland's Mt ... More >>
NZ wool prices rise at auction bolstered by lower volumes
Friday, 26 February 2016, 3:32 pm | BusinessDesk
Feb. 26 (BusinessDesk) - New Zealand wool prices gained at auction as lower volumes underpined prices. More >>
NZF raises $125k to finance reverse listing possibility
Friday, 26 February 2016, 3:21 pm | BusinessDesk
Feb. 26 (BusinessDesk) - NZF Group has raised $125,000 from a wholesale investor to finance options for a possible reverse listing almost a year after it entered voluntary administration when two prior attempts at reverse listing fell through. More >>
Orion deal with Nasdaq's Cognizant triples patient reach
Friday, 26 February 2016, 3:19 pm | BusinessDesk
Feb. 26 (BusinessDesk) - Orion Health Group's deal to provide its Amadeus platform to Nasdaq-listed Cognizant Group has the potential to triple the number of patients it reaches, boosting a metric it says is increasingly used to value businesses in ... More >>
Veda's new US owner to deepen 'adolescent' ANZ credit market
Friday, 26 February 2016, 3:11 pm | BusinessDesk
Feb. 26 (BusinessDesk) - The new US owner of Australasian credit information and analysis group, Veda, says the US$1.8 billion acquisition presents an opportunity to offer a deeper range of credit and other analytics to markets in New Zealand and ... More >>
T&G Global lifts annual profit 83% on acquisitions
Friday, 26 February 2016, 2:01 pm | BusinessDesk
Feb. 26 (BusinessDesk) - T&G Global, the fruit marketer controlled by Germany's BayWa, lifted annual profit 83 percent as it benefited from acquisitions and improved performance in its existing businesses. More >>
Woolworths posts first-half loss on A$1.9B in write-downs
Friday, 26 February 2016, 1:55 pm | BusinessDesk
Woolworths posts first-half loss on A$1.9B in write-downs on Masters, NZ earnings steady More >>
Licensing regime would have prevented Milford woes: FMA
Friday, 26 February 2016, 1:02 pm | BusinessDesk
Feb. 26 (BusinessDesk) - High profile fund manager Milford Asset Management could have avoided cutting a deal with the Financial Markets Authority over alleged market manipulation by one of its portfolio managers had a licensing regime been in place, ... More >>
NZ turns to trade surplus in January
Friday, 26 February 2016, 12:28 pm | BusinessDesk
NZ turns to trade surplus in January, on higher shipments of wood, dairy and fruit More >>
Coats promises to retain 342M pound of asset sale proceeds
Friday, 26 February 2016, 12:28 pm | BusinessDesk
Coats promises to retain 342 mln pound of asset sale proceeds to resolve pension standoff More >>
Vista annual earnings beat expectations
Friday, 26 February 2016, 12:18 pm | BusinessDesk
Feb. 26 (BusinessDesk) - Vista Group International, whose software technology manages cinema operations worldwide, beat its prospectus forecast for annual underlying profit as it doubled sales in the Americas, and signalled plans to start paying dividends ... More >>
Ron Brierley makes takeover offer for cashed-up Kirkcaldie
Friday, 26 February 2016, 10:49 am | BusinessDesk
Feb. 26 (BusinessDesk) - Veteran corporate raider Ron Brierley has made a takeover offer for cashed-up retailer Kirkcaldie & Stains, suggesting he sees more value than the company's own assessment of its residual assets. More >>
Delegat lifts first-half profit 5% on record wine sales
Friday, 26 February 2016, 10:47 am | BusinessDesk
Feb. 26 (BusinessDesk) - Delegat Group, New Zealand’s largest listed wine company, boosted first-half operating profit 5 percent as wine sales rose to a record. More >>
