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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 667]
Weak dairy prices raise risk of further Fonterra payout cuts
Wednesday, 3 February 2016, 2:44 pm | BusinessDesk
Feb. 3 (BusinessDesk) - Further declines in dairy prices at the latest GlobalDairyTrade auction last night are casting doubt over Fonterra Cooperative Group's ability to meet its newly revised farmgate milk price for farmers and prompting concern that ... More >>
Harmoney raises $8.8 mln in preference share issue
Wednesday, 3 February 2016, 2:32 pm | BusinessDesk
Feb. 3 (BusinessDesk) - Harmoney Corp raised almost $8.8 million in a preference share issue after rejigging features of its constitution, including halving the level of new money it has to raise before going public. More >>
Wheeler cites flexible policy targets, no knee-jerk rate cut
Wednesday, 3 February 2016, 1:19 pm | BusinessDesk
Feb. 3 (BusinessDesk) - Reserve Bank governor Graeme Wheeler has emphasised the flexibility written into his inflation policy targets agreement, which means he has to look beyond weak headline inflation in deciding whether to cut interest rates. More >>
Internet service firms hard to contact and difficult to swap
Wednesday, 3 February 2016, 12:10 pm | BusinessDesk
Feb. 3 (BusinessDesk) - Big telecommunications retailers Vodafone New Zealand and Spark New Zealand rub their internet customers up the wrong way by being difficult to contact, but people stick with them all the same as it's too hard to compare services, ... More >>
Briscoe forecasts 18% profit lift in full-year profit
Wednesday, 3 February 2016, 11:21 am | BusinessDesk
Feb. 3 (BusinessDesk) - Briscoe Group, whose hostile takeover of Kathmandu Holdings was spurned in 2015, expects to report a record full-year profit of $46.5 million, up from 2015's $39.3 million. More >>
Unemployment drops sharply to 5.3%, near six-year low
Wednesday, 3 February 2016, 11:10 am | BusinessDesk
Feb. 3 (BusinessDesk) - New Zealand unemployment unexpectedly fell to near a six-year low in the final three months of 2015 as people left a labour market flooded by strong migration and as employers took on more workers. The kiwi dollar initially jumped ... More >>
Labour writes to Talley's urging resolution of Affco dispute
Wednesday, 3 February 2016, 10:42 am | BusinessDesk
Feb. 3 (BusinessDesk) - The Labour Party has urged Talley’s Group to resolve the five-month dispute between Affco and Wairoa meatworkers, saying it is causing severe financial hardship for the employees, their families and the local community. More >>
NZ new car sales hit record in January on commercial demand
Wednesday, 3 February 2016, 9:28 am | BusinessDesk
Feb. 3 (BusinessDesk) - New Zealand new vehicle sales rose to a record in January, as demand for commercial models offset a decline in passenger registrations. More >>
Wynyard shareholders to vote on lifting share issue cap
Wednesday, 3 February 2016, 9:25 am | BusinessDesk
Feb. 3 (BusinessDesk) - Wynyard Group shareholders will vote on granting the board more freedom to issue shares in two weeks, after a downturn in global markets took the sheen off its existing plans to raise capital. More >>
NZ dollar declines as oil, dairy prices drop
Wednesday, 3 February 2016, 8:31 am | BusinessDesk
Feb. 3 (BusinessDesk) - The New Zealand dollar declined on concern about weak commodities after oil dropped and prices at the GlobalDairyTrade auction slid for a third straight session this year. More >>
While you were sleeping: Wall St follows oil lower
Wednesday, 3 February 2016, 7:44 am | BusinessDesk
Feb. 3 (BusinessDesk) - Stocks fell with the price of oil amid concern about the global economy and the outlook for corporate profits. More >>
Dairy product prices drop amid bearish outlook
Wednesday, 3 February 2016, 6:27 am | BusinessDesk
Feb. 3 (BusinessDesk) - Dairy product prices slumped in the latest GlobalDairyTrade auction, sliding for the third time in 2016, amid concern about the outlook with supplies outweighing demand. More >>
MARKET CLOSE: NZ shares rise, led by Fletcher on Higgins buy
Tuesday, 2 February 2016, 5:57 pm | BusinessDesk
MARKET CLOSE: NZ shares rise, led by Fletcher on Higgins buy; Summerset gains, MRP, Nuplex drop More >>
RBA retains easing bias, watches for labour pickup
Tuesday, 2 February 2016, 5:18 pm | BusinessDesk
Feb. 2 (BusinessDesk) - The Reserve Bank of Australia kept its cash rate unchanged, while reiterating an easing bias given weak inflation, and said it will be watching for signs of continued improvement in the labour market and whether financial market ... More >>
NZ dollar falls vs. Australian dollar after RBA statement
Tuesday, 2 February 2016, 5:12 pm | BusinessDesk
Feb. 2 (BusinessDesk) - The New Zealand dollar fell against its trans-Tasman counterpart after the Reserve Bank of Australia was less pessimistic about the global outlook than some traders had expected. More >>
Update: CRP determined to reapply for seabed mining licence
Tuesday, 2 February 2016, 4:18 pm | BusinessDesk
Update: CRP determined to reapply for seabed mining licence (Recasts with comment from CRP's Chris Castle) More >>
EPA poised to chase Chatham Rock for application fees
Tuesday, 2 February 2016, 1:25 pm | BusinessDesk
Feb. 2 (BusinessDesk) - The Environmental Protection Authority is within a fortnight of filing court papers to pursue would-be seabed miner Chatham Rock Phosphate over $795,000 of unpaid marine resource consent application fees. More >>
NZ commodity prices slide 2.3% in January, a 15% annual drop
Tuesday, 2 February 2016, 1:15 pm | BusinessDesk
NZ commodity prices slide 2.3% in January, a 15% annual drop By Tina Morrison More >>
Trade Me cut to 'sell' from 'buy' at broker Craigs
Tuesday, 2 February 2016, 12:59 pm | BusinessDesk
Feb. 2 (BusinessDesk) - Trade Me stock was downgraded to 'sell' from 'buy' by brokerage Craigs Investment Partners, saying shares in New Zealand's largest online auction site were "fully priced". More >>
Retirement Commissioner to undertake policy review
Tuesday, 2 February 2016, 12:43 pm | BusinessDesk
Feb. 2 (BusinessDesk) - Commerce Minister Paul Goldsmith wants the Retirement Commissioner to look at how retirees manage their assets using products such as annuities and reverse mortgages, and in a low interest rate environment. More >>
