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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 695]
Fonterra says farmer loan support package will cost $390mln
Friday, 27 November 2015, 1:21 pm | BusinessDesk
Nov. 27 (BusinessDesk) - Fonterra Cooperative Group, the world’s largest dairy exporter, has said the cost of its loan support package to farmers struggling with a low dairy payout will be $390 million. More >>
Bath Street Capital files counter-claim against Pyne Gould
Friday, 27 November 2015, 12:30 pm | BusinessDesk
Nov. 27 (BusinessDesk) - Bath Street Capital, which has been building up its local trustee business, has filed a counter-claim in the High Court against Pyne Gould Corp, saying the protracted fight over what's owed in relation to Pyne Gould's sale ... More >>
Silver Fern Farms paid former CEO more than $1.8M in 2015
Friday, 27 November 2015, 12:20 pm | BusinessDesk
Nov. 27 (BusinessDesk) - Silver Fern Farms, New Zealand's largest meat processor, paid former chief executive Keith Cooper more than $1.8 million last financial year, reflecting his long service with the company. More >>
Silver Fern Farms paid former CEO more than $1.8M in 2015
Friday, 27 November 2015, 12:20 pm | BusinessDesk
Nov. 27 (BusinessDesk) - Silver Fern Farms, New Zealand's largest meat processor, paid former chief executive Keith Cooper more than $1.8 million last financial year, reflecting his long service with the company. More >>
SeaDragon first half loss widens on factory costs, sales up
Friday, 27 November 2015, 11:22 am | BusinessDesk
Nov. 27 (BusinessDesk) - SeaDragon, the fish oil processor which has attracted health products maker Comvita as a cornerstone shareholder, widened its first-half loss on mounting interest costs associated with the company's newly built Omega-3 factory, ... More >>
AFT Pharmaceuticals to raise $33.2 mln in IPO to fund R&D
Friday, 27 November 2015, 11:12 am | BusinessDesk
Nov. 27 (BusinessDesk) - AFT Pharmaceuticals, the Auckland-based company whose products include Maxigesic pain medication and Maxiclear PE nasal decongestant, plans to raise $33.2 million to fund a research and development pipeline over the next two to three ... More >>
Moa confirms smaller first-half loss as margins improve
Friday, 27 November 2015, 9:09 am | BusinessDesk
Nov. 27 (BusinessDesk) - Moa Group confirmed a smaller first-half loss as increased sales volumes helped widen its gross margin, and as the unprofitable craft beer brewer slashed its spending on sales and marketing. More >>
While you were sleeping: ECB, China bets lift mood
Friday, 27 November 2015, 7:04 am | BusinessDesk
Nov. 27 (BusinessDesk) - European equities climbed, bolstered by bets the European Central Bank will boost its monetary stimulus next week to stoke the region’s growth and inflation, while a rally in metals including zinc and copper also added to the ... More >>
AFT Pharmaceuticals to raise $33.2M in IPO at $2.80 a share
Thursday, 26 November 2015, 9:57 pm | BusinessDesk
AFT Pharmaceuticals to raise $33.2 mln in IPO at $2.80 a share, list on NZX, ASX More >>
Scott Technology shareholders vote for JBS deal
Thursday, 26 November 2015, 6:34 pm | BusinessDesk
Nov. 26 (BusinessDesk) - Scott Technology shareholders overwhelmingly backed a deal handing control of the robotics manufacturer to Brazilian meat processor JBS. More >>
MARKET CLOSE: NZ shares mixed; Spark, FBU join Asian rally
Thursday, 26 November 2015, 6:03 pm | BusinessDesk
MARKET CLOSE: NZ shares mixed; Spark, Fletcher join Asian rally, Xero drops as Drury trims stake More >>
More women than ever in public service, gender pay gap 14%
Thursday, 26 November 2015, 5:23 pm | BusinessDesk
Nov. 26 (BusinessDesk) - Women in the public service are paid 14 percent on average less than men, which is 2.2 percent worse than New Zealand’s overall gender pay gap, the State Services Commission annual breakdown shows. More >>
Ruataniwha promoter seeks mix of equity, debt funding
Thursday, 26 November 2015, 5:15 pm | BusinessDesk
Nov. 26 (BusinessDesk) - Hawke's Bay Regional Investment Co, the developer and sponsor of the Ruataniwha Water Storage Scheme, says the $275 million project will be funded with a mix of equity and debt, and is likely to result in a secondary market for ... More >>
NZ dollar gains vs. Australian dollar on mining investment
Thursday, 26 November 2015, 5:14 pm | BusinessDesk
Nov. 26 (BusinessDesk) - The New Zealand dollar gained against its trans-Tasman counterpart after figures showed Australian mining investment slumped in the third quarter, reigniting speculation the central bank may have to cut interest rates again. More >>
Pumpkin Patch affirms guidance for weaker 2016 earnings
Thursday, 26 November 2015, 4:20 pm | BusinessDesk
Nov. 26 (BusinessDesk) - Shares of Pumpkin Patch fell 12 percent after the children's clothing chain affirmed guidance for weaker earnings in the current financial year, and is driving to restore earnings growth over the next three years. More >>
Minister to take back inquiry appointment powers over EEZ
Thursday, 26 November 2015, 1:51 pm | BusinessDesk
Nov. 26 (BusinessDesk) - Environmental law reforms announced today include bringing the relatively new regime governing resource consents in New Zealand's vast offshore exclusive economic zone into line with Resource Management Act processes that apply ... More >>
Government unveils RMA reform package with enough support
Thursday, 26 November 2015, 1:36 pm | BusinessDesk
Nov. 26 (BusinessDesk) - The government has formally hauled down the flag on its attempts to alter the balance of environmental and economic priorities in the Resource Management Act, unveiling a 180-page Resource Legislation Amendment Bill containing ... More >>
Energy Mad nearly halves first-half loss
Thursday, 26 November 2015, 12:42 pm | BusinessDesk
Energy Mad nearly halves first-half loss by slashing staff costs, sales commissions and fees More >>
Arvida posts first-half profit of $7.4 mln
Thursday, 26 November 2015, 11:22 am | BusinessDesk
Arvida posts first-half profit of $7.4 mln, expects to beat full-year prospectus forecasts More >>
Kirk Hope rumoured front-runner for top job at BusinessNZ
Thursday, 26 November 2015, 11:22 am | BusinessDesk
Nov. 26 (BusinessDesk) - The country's peak business lobby group, Business New Zealand, is preparing to announce a replacement for long-serving executive director Phil O'Reilly, with speculation New Zealand Bankers' Association head Kirk Hope, will be named for ... More >>
