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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 670]
NZ residential building consents rise 2.3% in December
Friday, 29 January 2016, 11:51 am | BusinessDesk
NZ residential building consents rise 2.3% in December, driven by Auckland and neighbouring regions More >>
Xero slows cash burn in December quarter
Friday, 29 January 2016, 11:40 am | BusinessDesk
Jan. 29 (BusinessDesk) - Xero slowed its quarterly cash burn in the final three months of 2015 as the cloud-based accounting software developer knuckles down on keeping a lid on spending. More >>
IkeGPS cuts revenue forecast on order delays
Friday, 29 January 2016, 11:31 am | BusinessDesk
Jan. 29 (BusinessDesk) - IkeGPS, which this month raised $900,000 from institutional investors, has downgraded its sales outlook for the 2016 financial year, citing a delay in orders for its new product to the first half of 2017. More >>
ERoad trims unit sales forecast
Friday, 29 January 2016, 11:24 am | BusinessDesk
Jan. 29 (BusinessDesk) - ERoad, the logistics and fleet management software and hardware developer, doesn't expect to sell as many units in North America as previously forecast, but is still optimistic new US federal rules on electronic logging devices will widen ... More >>
MBIE reviews startup repayable grants scheme
Friday, 29 January 2016, 10:26 am | BusinessDesk
Jan. 29 (BusinessDesk) - The new technology incubators and repayable loan scheme for startups are about to be reviewed by the Ministry of Business, Innovation and Employment as they start to crank up halfway through a three-year pilot. More >>
Fliway says first half earnings beat prospectus forecast
Friday, 29 January 2016, 9:31 am | BusinessDesk
Jan. 29 (BusinessDesk) - Fliway Group says first half earnings beat prospectus forecasts as the freight and logistics company contained costs in the face of falling revenue. More >>
Infratil's NZ Bus to lose South Auckland contract
Friday, 29 January 2016, 9:13 am | BusinessDesk
Jan. 29 (BusinessDesk) - Infratil's NZ Bus unit has missed out on a tender for South Auckland's public transport services, where it currently runs about 153 buses. More >>
NZ dollar gains as greenback falls on weak US economic data
Friday, 29 January 2016, 8:34 am | BusinessDesk
Jan. 29 (BusinessDesk) - The New Zealand dollar advanced as weak US data stoked speculation the Federal Reserve will be cautious in hiking US interest rates further. More >>
While you were sleeping: Oil, US earnings lift Wall Street
Friday, 29 January 2016, 7:43 am | BusinessDesk
Jan. 29 (BusinessDesk) - Wall Street moved higher with oil prices and better-than-expected US corporate earnings including from Facebook. More >>
MARKET CLOSE: NZ shares flat ahead of earnings season
Thursday, 28 January 2016, 6:00 pm | BusinessDesk
MARKET CLOSE: NZ shares mixed as market prepares for earnings; Z, MetroGlass rise while Nuplex falls More >>
NZ dollar drops after RBNZ signals future interest rate cuts
Thursday, 28 January 2016, 5:38 pm | BusinessDesk
Jan. 28 (BusinessDesk) - The New Zealand dollar fell as the Reserve Bank adopted a bias towards lower interest rates with cheap fuel keeping a lid on inflation and Fonterra Cooperative Group reducing its forecast payout to farmers on dismal dairy ... More >>
Shareholders Association to reconsider Wynyard rights issue
Thursday, 28 January 2016, 5:08 pm | BusinessDesk
Jan. 28 (BusinessDesk) - The Shareholders Association says it is reconsidering its view on a rights issue by the security software company, Wynyard Group, after management said it wanted the flexibility to offer new shares to investors at less than the ... More >>
Chorus gets reprieve on copper, fibre questions linger
Thursday, 28 January 2016, 5:00 pm | BusinessDesk
Jan. 28 (BusinessDesk) - Chorus has gained several years of breathing space after last month's Commerce Commission decision on what the network operator can charge for access to its copper lines, but uncertainty over how the fibre market plays out ... More >>
DairyNZ estimates 85% of farmers will lose money this season
Thursday, 28 January 2016, 3:45 pm | BusinessDesk
DairyNZ estimates 85% of dairy farmers will lose money this season as Fonterra cuts forecast payout More >>
CORRECT: NZ Refining seen stepping up dividends
Thursday, 28 January 2016, 3:43 pm | BusinessDesk
Jan. 28 (BusinessDesk) - New Zealand Refining is expected to almost double the amount it returns to shareholders in the coming year as analysts anticipate record earnings from the country's only oil refinery, which resumed dividend payments in 2015. More >>
NZ Refining seen stepping up dividends on record earnings
Thursday, 28 January 2016, 3:05 pm | BusinessDesk
Jan. 28 (BusinessDesk) - New Zealand Refining is expected to resume dividend payments in 2015 and almost double the amount it returns to shareholders the following year as analysts anticipate record earnings from the country's only oil refinery. More >>
NZ dollar, swaps fall after RBNZ, Fonterra statements
Thursday, 28 January 2016, 12:43 pm | BusinessDesk
Jan. 28 (BusinessDesk) - The New Zealand dollar and swap rates fell after a one-two hit from Fonterra Cooperative Group lowering its forecast payout and the Reserve Bank opening the door to further interest rate cuts this year. More >>
Airline pilots agree to night flying into Queenstown
Thursday, 28 January 2016, 11:59 am | BusinessDesk
Jan. 28 (BusinessDesk) - Airline pilots have dropped plans to blacklist night flying at Queenstown Airport with their safety concerns addressed by the airport and Air New Zealand. More >>
NZ imports rise to record high in 2015 as kiwi dollar falls
Thursday, 28 January 2016, 11:52 am | BusinessDesk
Jan. 28 (BusinessDesk) - New Zealand imports rose to a record high last year as a decline in the value of the currency pushed up values. More >>
Chorus, Spark won't appeal final pricing for copper network
Thursday, 28 January 2016, 9:34 am | BusinessDesk
Jan. 28 (BusinessDesk) - Telecommunications network operator Chorus and retailer Spark New Zealand will not lodge appeals against the Commerce Commission's final decision on pricing for access to the ageing copper network, which is progressively ... More >>
