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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 683]
Aotearoa Fisheries posts smaller FY earnings
Wednesday, 23 December 2015, 10:31 am | BusinessDesk
Dec. 23 (BusinessDesk) - Aotearoa Fisheries, which manages more than $530 million of fisheries assets for its iwi shareholders, reported a 27 percent decline in annual profit on reduced earnings from its half-stake in Sealord Group. More >>
Kiwi Property sells Hamilton shopping centre for $46.7M
Wednesday, 23 December 2015, 9:15 am | BusinessDesk
Dec. 23 (BusinessDesk) - Kiwi Property Group, the country's biggest listed property investor by market value, has sold the southern part of its recently developed downtown Hamilton shopping centre to an undisclosed local buyer for $46.7 million, a 3 percent ... More >>
Vital Healthcare buys properties to expand Adelaide hospital
Wednesday, 23 December 2015, 9:11 am | BusinessDesk
Dec. 23 (BusinessDesk) - Vital Healthcare Property Trust, the listed hospital owner and developer, has bought two parcels of land to expand its orthopaedic surgery hospital in Adelaide, Australia. More >>
While you were sleeping: Wall St, oil gain
Wednesday, 23 December 2015, 7:34 am | BusinessDesk
Dec. 23 (BusinessDesk) - Wall Street rose after a report showed the US economy expanded more than expected in the third quarter thanks to consumer spending, and as oil rebounded. More >>
MARKET CLOSE: NZ shares up as Spark, Fletcher rebound
Tuesday, 22 December 2015, 5:49 pm | BusinessDesk
MARKET CLOSE: NZ shares rise as blue-chips Spark, Fletcher recover; top performers A2, NZX fall More >>
Commercial property owners join leaky homes lawsuit
Tuesday, 22 December 2015, 5:39 pm | BusinessDesk
Dec. 22 (BusinessDesk) - The owners of 22 business units are suing the building products company James Hardie for negligence and breach of the Fair Trading Act over its Titanboard product, which was used in commercial buildings from the mid-1990s. They're to join ... More >>
NZ dollar gains after US data misses expectations
Tuesday, 22 December 2015, 5:19 pm | BusinessDesk
Dec. 22 (BusinessDesk) - The New Zealand dollar climbed above 68 US cents in light holiday trading after weaker-than-expected US data sapped demand for the greenback, while local figures yesterday supported the local economic outlook. More >>
Trends Publishing had already got hefty taxpayer funds
Tuesday, 22 December 2015, 4:20 pm | BusinessDesk
Dec. 22 (BusinessDesk) - A heavily redacted report on Trends Publishing, at the centre of a legal spat with Callaghan Innovation over a cancelled research and development grant, said the Auckland magazine publisher had previously received hefty government ... More >>
Pushpay shrugs off share fall after NZX 'please explain'
Tuesday, 22 December 2015, 3:13 pm | BusinessDesk
Dec. 22 (BusinessDesk) - Pushpay Holdings says it has no material information to declare to the market, in response to a 'please explain' notice from the NZX over a 22 percent slump in the share price. More >>
AFT to invest in its biggest-ever clinical trial after IPO
Tuesday, 22 December 2015, 2:30 pm | BusinessDesk
Drug-maker AFT to invest in its biggest-ever clinical trial after $35.6 mln IPO More >>
Wrightson, Rural Livestock to pay $3.2M over price-fix claim
Tuesday, 22 December 2015, 12:31 pm | BusinessDesk
Dec. 22 (BusinessDesk) - NZX-listed rural services firm PGG Wrightson and stock and station company Rural Livestock have agreed to pay $3.2 million in penalties and costs after settling price-fixing claims from the introduction of the National Animal ... More >>
Brierley's Mercantile Investment raises $1.4M in placement
Tuesday, 22 December 2015, 11:48 am | BusinessDesk
Dec. 22 (BusinessDesk) - Ron Brierley's Mercantile Investments raised $1.4 million in a discounted share placement to local wholesale investors, which it plans to use for general investment purposes. More >>
Drug maker AFT climbs 11% in NZX debut
Tuesday, 22 December 2015, 11:30 am | BusinessDesk
Dec. 22 (BusinessDesk) - AFT Pharmaceuticals gained 11 percent on the Auckland-based drug-maker's NZX debut after a $35.6 million initial public offering – only the fourth on the local bourse this year. More >>
Champ Private Equity takes control of Macpac
Tuesday, 22 December 2015, 11:09 am | BusinessDesk
Dec. 22 (BusinessDesk) - Australia's Champ Private Equity has bought a majority stake in outdoor equipment chain Macpac Group Holdings for an undisclosed sum, reported to be about A$70 million for 90 percent. More >>
Shell, partners sell Maui pipeline to First State for $335M
Tuesday, 22 December 2015, 10:40 am | BusinessDesk
Dec. 22 (BusinessDesk) - Shell New Zealand-controlled Maui Development has sold the Maui natural gas pipeline for $335 million to funds managed by First State Investments, which recently bought Vector's gas distribution and transmission assets. More >>
While you were sleeping: Stocks, bonds advance
Tuesday, 22 December 2015, 7:06 am | BusinessDesk
Dec. 22 (BusinessDesk) - Both Wall Street and US Treasuries moved higher amid optimism that the US economy will grow at a pace that will aid corporate profits while keeping the pace of further Federal Reserve interest rate increases in check. More >>
NZ dollar gains as local yield advantage draws investors
Monday, 21 December 2015, 5:12 pm | BusinessDesk
Dec. 21 (BusinessDesk) - The New Zealand dollar gained as investors were drawn to the country's comparatively high interest rates ahead of the holiday period, with light trading volumes expected for the next couple of weeks. More >>
NZ export log prices jump to 9-month high; slowdown looms
Monday, 21 December 2015, 2:48 pm | BusinessDesk
Dec. 21 (BusinessDesk) - New Zealand export log prices jumped to a nine-month high amid steady inventories and stronger demand from China, the country's largest market. More >>
NZ students, start-ups matched in summer intern programme
Monday, 21 December 2015, 1:53 pm | BusinessDesk
Dec. 21 (BusinessDesk) - Matching the best and brightest students with New Zealand start-ups is the aim of a new internship programme being launched this summer by business incubator The Icehouse, angel investment group ICE Angels, and education ... More >>
2015 IN REVIEW: Dairy, rate cuts, US strength weigh on kiwi
Monday, 21 December 2015, 1:47 pm | BusinessDesk
Dec. 21 (BusinessDesk) - The New Zealand dollar fell from peak levels this year as a slump in dairy prices weighed on the outlook for the country's largest export, and pushed down interest rates, while a stronger US economy lifted the greenback. More >>
