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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 669]
Snakk maintains above-target gross margin in third quarter
Monday, 1 February 2016, 10:00 am | BusinessDesk
Feb. 1 (BusinessDesk) - Snakk Media, which aggregates publishers’ advertising space on mobile devices and matches it to advertiser demand, maintained above-target gross margins in the final three months of 2015, but warned they will probably weaken in ... More >>
NZ dollar rises vs. yen after BoJ introduces negative rates
Monday, 1 February 2016, 8:35 am | BusinessDesk
NZ dollar rises to 3-week high vs. yen after BoJ introduces negative interest rate More >>
World Week Ahead: Alphabet earnings, US jobs
Monday, 1 February 2016, 7:39 am | BusinessDesk
Feb. 1 (BusinessDesk) - A slew of US corporate earnings including from Alphabet, Google’s parent company, and the latest government jobs data will feature on investors’ radar screens in the coming days. More >>
Labour launches policy offering 3 years' free tertiary ed
Sunday, 31 January 2016, 2:28 pm | BusinessDesk
Jan. 31 (BusinessDesk) - A Labour Party-led would institute a policy of free tertiary education for up to three years for any New Zealander who has not previously studied past the end of secondary school, its leader, Andrew Little, announced today in a ... More >>
MARKET CLOSE: NZ shares rise on higher volumes
Friday, 29 January 2016, 6:00 pm | BusinessDesk
MARKET CLOSE: NZ shares rise on higher volumes; NZ Refining, Sky TV up, while Intueri, Trade Me, Air NZ fall More >>
NZ dollar TWI heads for 1.4% weekly drop
Friday, 29 January 2016, 5:19 pm | BusinessDesk
NZ dollar TWI heads for 1.4% weekly drop as RBNZ adopts easing bias, Fonterra cuts forecast More >>
NZOG prowling for cheap assets following oil price slide
Friday, 29 January 2016, 4:45 pm | BusinessDesk
Jan. 29 (BusinessDesk) - New Zealand Oil & Gas is looking at several buying opportunities as plunging oil prices have flushed out sellers looking to restructure their portfolios. More >>
NZOG prowling for cheap assets following oil price slide
Friday, 29 January 2016, 4:45 pm | BusinessDesk
Jan. 29 (BusinessDesk) - New Zealand Oil & Gas is looking at several buying opportunities as plunging oil prices have flushed out sellers looking to restructure their portfolios. More >>
NZOG prowling for cheap assets following oil price slide
Friday, 29 January 2016, 4:45 pm | BusinessDesk
Jan. 29 (BusinessDesk) - New Zealand Oil & Gas is looking at several buying opportunities as plunging oil prices have flushed out sellers looking to restructure their portfolios. More >>
NZ wool prices edge up as volumes rise to seasonal peak
Friday, 29 January 2016, 4:40 pm | BusinessDesk
Jan. 29 (BusinessDesk) - New Zealand wool prices edged up at the latest weekly auctions as demand for some wool types underpinned prices, even as volumes rose to a seasonal peak. More >>
UPDATE: SFO confirms Intueri under investigation
Friday, 29 January 2016, 4:27 pm | BusinessDesk
Jan. 29 (BusinessDesk) - The Serious Fraud Office has confirmed it is investigating Intueri Education Group. More >>
Rakon shares drop as it delivers a profit warning
Friday, 29 January 2016, 4:11 pm | BusinessDesk
Jan. 29 (BusinessDesk) - Rakon shares fell 6.7 percent after the high-tech components maker warned annual earnings will miss forecast because major network operators have delayed their spending on new equipment. More >>
Rakon shares drop as it delivers a profit warning
Friday, 29 January 2016, 4:11 pm | BusinessDesk
Jan. 29 (BusinessDesk) - Rakon shares fell 6.7 percent after the high-tech components maker warned annual earnings will miss forecast because major network operators have delayed their spending on new equipment. More >>
Intueri shares plunge 35% on SFO investigation
Friday, 29 January 2016, 4:04 pm | BusinessDesk
Jan. 29 (BusinessDesk) - Intueri Education Group's shares sank 35 percent as the company said one of its colleges was under investigation by the Serious Fraud Office. More >>
NZ in talks with China on making chilled meat exports
Friday, 29 January 2016, 3:45 pm | BusinessDesk
Jan. 29 (BusinessDesk) - New Zealand officials are working with Chinese authorities in an attempt to gain access for chilled meat exports to Asia's largest economy, which would open up an "enormous" potential market for the country's $6.83 ... More >>
NZ govt in touch with digital transformation of workforce
Friday, 29 January 2016, 3:22 pm | BusinessDesk
Jan. 29 (BusinessDesk) - A global sea change in how digital technology is affecting the labour force has been picked up in New Zealand, according to global consultancy Accenture, whose latest report on the worldwide landscape shows firms are putting ... More >>
Fletcher Building books $85 mln profit from Rocla sale
Friday, 29 January 2016, 2:32 pm | BusinessDesk
Jan. 29 (BusinessDesk) - Fletcher Building has completed the A$150 million sale of Rocla Quarry Products assets to Hanson Construction Materials following clearance from the Australian Competition Commission and the Foreign Investment Review Board. More >>
Fliway shares gain 10% on earnings upgrade
Friday, 29 January 2016, 2:09 pm | BusinessDesk
Jan. 29 (BusinessDesk) - Fliway Group's shares climbed 10 percent since announcing its first half earnings beat prospectus forecasts, as the freight and logistics company contained costs in the face of falling revenue. More >>
OIO approves Dairy Farms NZ's $47M purchase of 5 farms
Friday, 29 January 2016, 1:33 pm | BusinessDesk
Jan. 29 (BusinessDesk) - Dairy Farms NZ has cleared Overseas Investment Office approval for the $47 million purchase of five central Southland dairy farms ahead of a further capital-raising and eventual listing on the New Zealand sharemarket. More >>
Bankers warn more forced dairy farm sales likely
Friday, 29 January 2016, 12:58 pm | BusinessDesk
Jan. 29 (BusinessDesk) - Banks say more heavily indebted New Zealand dairy farmers will be asked to sell up as non-performing loans increase with lower forecast payouts. More >>
