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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 700]
NZ dollar may extend decline vs. Australian dollar
Wednesday, 18 November 2015, 5:10 pm | BusinessDesk
Nov. 18 (BusinessDesk) - The New Zealand dollar may extend its decline against its Australian counterpart after milk product prices fell at the latest GlobalDairyTrade auction, putting more pressure on the Reserve Bank to cut interest rates. More >>
ProTen eyes Australia, Asia expansion; mulls ASX listing
Wednesday, 18 November 2015, 2:41 pm | BusinessDesk
Nov. 18 (BusinessDesk) - ProTen, Australia’s largest independent contract grower of broiler chickens for meat, plans to expand its local operations and is eyeing Asia for future growth. More >>
Scion first to apply for drone beyond-line-of-sight flying
Wednesday, 18 November 2015, 1:44 pm | BusinessDesk
Forestry crown research institute Scion first to apply for drone beyond-line-of-sight flying More >>
Estimates for Fonterra's farmer payout tumble on weak GDT
Wednesday, 18 November 2015, 12:51 pm | BusinessDesk
Nov. 18 (BusinessDesk) - Forecasts for Fonterra Cooperative Group's payout to New Zealand farmers this season have tumbled below the company's estimate following the third consecutive decline in prices on the GlobalDairyTrade platform. More >>
Kordia buys profitable cyber-security business Aura for $10M
Wednesday, 18 November 2015, 12:05 pm | BusinessDesk
Nov. 18 (BusinessDesk) - Kordia Group, the state-owned telecommunications and media business, has bought Wellington-based cyber-security firm Aura Information Security for $10 million, which chief executive Scott Bartlett says will immediately add to ... More >>
RNZ stalwart Hewitt Humphrey facing redundancy
Wednesday, 18 November 2015, 11:38 am | BusinessDesk
Nov. 18 (BusinessDesk) - One of the most recognised voices on New Zealand radio, newsreader Hewitt Humphrey, is facing redundancy in a restructuring at Radio New Zealand that the state broadcaster says is vital if it's to break even in the current ... More >>
Fonterra's China farms likely to be profitable in two years
Wednesday, 18 November 2015, 10:47 am | BusinessDesk
Nov. 17 (BusinessDesk) - Fonterra Cooperative Group’s Chinese dairy farms could take another two years to become profitable but their losses should be reduced this financial year, says Fonterra's managing director, international farming, Alan van ... More >>
CORRECT: Kiwi Property lifts first-half earnings by 5.2%
Wednesday, 18 November 2015, 10:17 am | BusinessDesk
CORRECT: Kiwi Property lifts first-half earnings by 5.2% as drop in interest costs offsets weaker rentals More >>
Kiwi Property lifts 1H earnings 5.2% as interest costs fall
Wednesday, 18 November 2015, 9:53 am | BusinessDesk
Kiwi Property lifts first-half earnings by 5.2% as drop in interest costs offsets weaker rentals More >>
RESEND: Coats to quit NZX, ASX as NZ, Aust stakes dwindle
Wednesday, 18 November 2015, 9:46 am | BusinessDesk
Nov. 18 (BusinessDesk) - Coats Group, the UK-based threadmaker that grew out of diversified investor Guinness Peat Group, plans to quit the ASX and NZX with Australasian investors making up less than a fifth of its ownership in a bid to cut down on the costs of ... More >>
Wilaci to appeal Torchlight loan ruling
Wednesday, 18 November 2015, 9:39 am | BusinessDesk
Nov. 18 (BusinessDesk) - Australian businessman John Grill's Wilaci investment unit will appeal a High Court ruling that it wasn't entitled to A$33.6 million of penalty fees on a short-term loan to Pyne Gould Corp subsidiary Torchlight Fund No 1 LP. More >>
Coats to quit NZX and ASX
Wednesday, 18 November 2015, 9:14 am | BusinessDesk
Nov. 18 (BusinessDesk) - Coats Group, the UK-based threadmaker that grew out of diversified investor Guinness Peat Group, plans to quit the ASX and NZX with Australasian investors making up less than a fifth of its ownership in a bid to cut down on the ... More >>
NZ dollar little changed after dairy prices fall at auction
Wednesday, 18 November 2015, 8:37 am | BusinessDesk
Nov. 18 (BusinessDesk) - The New Zealand dollar held its ground as prices declined at the overnight GlobalDairyTrade auction as expected. More >>
Affco 'unlawfully' locked out meat workers, court rules
Wednesday, 18 November 2015, 7:27 am | BusinessDesk
Affco 'unlawfully' locked out meat workers, didn't act in good faith, Employment Court rules More >>
While you were sleeping: Inflation firms hike bets
Wednesday, 18 November 2015, 7:13 am | BusinessDesk
Nov. 18 (BusinessDesk) - Wall Street climbed after better-than-expected earnings from US retailers Wal-Mart and Home Depot after the latest US inflation data bolstered the prospect of a Federal Reserve interest rate increase next month. More >>
Dairy product prices slide on increasing overseas supply
Wednesday, 18 November 2015, 6:28 am | BusinessDesk
Nov. 18 (BusinessDesk) - Dairy product prices fell to a more than two-month low in the latest GlobalDairyTrade auction, weakening for a third consecutive auction, amid an increase in international supply and a subdued outlook. More >>
MARKET CLOSE: NZ shares rise; a2 Milk extends rally
Tuesday, 17 November 2015, 5:45 pm | BusinessDesk
Nov. 17 (BusinessDesk) - New Zealand shares rose as a2 Milk reached an all-time high, while Xero and Air New Zealand recovered from a selloff earlier in the month. More >>
NZ dollar falls to 5 1/2 week low
Tuesday, 17 November 2015, 5:09 pm | BusinessDesk
NZ dollar falls to 5 1/2 week low as traders bet on weaker dairy prices More >>
Spark considers $150 mln, seven-year retail bond offer
Tuesday, 17 November 2015, 4:48 pm | BusinessDesk
Nov. 17 (BusinessDesk) - Spark New Zealand, the country's biggest telecommunications company, may raise up to $150 million through a retail bond offer, joining a growing number corporates taking advantage of low interest rates to raise debt funding. More >>
Freedom Foods sells remaining stake in milk marketer a2 Milk
Tuesday, 17 November 2015, 4:37 pm | BusinessDesk
Nov. 17 (BusinessDesk) - A2 Milk Co’s cornerstone shareholder, Freedom Foods Group, has sold its remaining 10.4 percent stake in the milk marketing company for A$64 million, taking advantage of a surge in the share price. More >>
