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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 703]
ComCom approves Cavalier Wool's scouring acquisition
Friday, 13 November 2015, 9:07 am | BusinessDesk
Nov. 13 (BusinessDesk) - The Commerce Commission approved a plan for Cavalier Wool Holdings to acquire New Zealand Wool Services International's wool scouring business and assets. More >>
NZ dollar hits month-low vs. Aussie after upbeat jobs data
Friday, 13 November 2015, 8:40 am | BusinessDesk
Nov. 13 (BusinessDesk) - The New Zealand dollar touched a month low against the Australian dollar after upbeat employment data across the Tasman pushed out expectations for an interest rate cut in Australia. More >>
While you were sleeping: Greenback hits commodities
Friday, 13 November 2015, 6:53 am | BusinessDesk
Nov. 13 (BusinessDesk) - Wall Street dropped, along with European equities and commodities, amid concern about global economic growth as well as a potential Federal Reserve interest rate hike next month at a time the European Central Bank appears set to ... More >>
Kiwi Property refinances $775M of bank facilities
Thursday, 12 November 2015, 6:23 pm | BusinessDesk
Nov. 12 (BusinessDesk) - Kiwi Property Group, the country's largest listed property investor, has refinanced its $775 million of bank facilities, extending the terms and reducing the borrowing costs. More >>
MARKET CLOSE: NZ shares rise as NZ Refining, A2 Milk gain
Thursday, 12 November 2015, 5:59 pm | BusinessDesk
Nov. 12 (BusinessDesk) - New Zealand shares rose after New Zealand Refining Co reported better production volumes and margins and A2 Milk Co continued to benefit from Australian speculation that there's a shortage of infant formula in the face of rising Chinese ... More >>
Wild Pair calls in receivers as it looks to trade through
Thursday, 12 November 2015, 5:42 pm | BusinessDesk
Nov. 12 (BusinessDesk) - Wild Pair has appointed receivers, but will continue to trade as the administrators seek buyers for the women's apparel and footwear chain. More >>
NZ dollar falls vs. Australia dollar as jobless rate drops
Thursday, 12 November 2015, 5:13 pm | BusinessDesk
Nov. 12 (BusinessDesk) - The New Zealand dollar dropped against its trans-Tasman counterpart after Australian jobs data showed the unemployment rate fell below 6 percent for the second time in 18 months, boosting the relative appeal of Australia's ... More >>
Fonterra Australia should be profitable in the next year
Thursday, 12 November 2015, 4:27 pm | BusinessDesk
Nov. 12 (BusinessDesk) - Fonterra Australia should become profitable in the next year, says Judith Swales, who runs the Australian operations of the New Zealand dairy giant and is the new boss for the cooperative's Oceania consumer brands division. More >>
Crown Fibre says rural responsibilities a practical fit
Thursday, 12 November 2015, 2:50 pm | BusinessDesk
Nov. 12 (BusinessDesk) - Crown Fibre Holdings' expanded remit for the commercial roll-out of the government's drive to boost rural connectivity is a practical fit with the extended ultra-fast broadband network build, said chief executive Graham ... More >>
Alliance Group annual profit falls 25%
Thursday, 12 November 2015, 2:30 pm | BusinessDesk
Nov. 12 (BusinessDesk) - Alliance Group, the world's largest processor and exporter of sheepmeat, reported a 25 percent drop in annual profit as the company competed more aggressively in export markets that were flooded with local product. More >>
NZ consumer confidence rises to 6-month high in November
Thursday, 12 November 2015, 1:42 pm | BusinessDesk
Nov. 12 (BusinessDesk) - New Zealand consumer confidence rose to a six-month high in November as sentiment continues to recover from a slump to a three-year low in August. More >>
Steel & Tube forecasts drop in first-half profit
Thursday, 12 November 2015, 1:41 pm | BusinessDesk
Nov. 12 (BusinessDesk) - Steel & Tube Holdings, New Zealand's biggest steel distribution company, forecast a drop in first-half profit, citing the impact of lower-priced Chinese steel in eroding margins. More >>
Meridian would consider wind farm if Genesis closes Huntly
Thursday, 12 November 2015, 1:34 pm | BusinessDesk
Nov. 12 (BusinessDesk) - Meridian Energy chief executive Mark Binns says a new wind farm is one of the options on the table if the country's biggest electricity generator can't convince Genesis Energy to keep open two ageing gas and coal-fired electricity ... More >>
NZ food price fall in October as milk slumps to 7-year low
Thursday, 12 November 2015, 12:15 pm | BusinessDesk
NZ food price fall in October as milk slumps to 7-year low; beef rises to record high More >>
NZ government committed to RMA reform in 2016
Thursday, 12 November 2015, 11:54 am | BusinessDesk
Nov. 12 (BusinessDesk) - The government remains committed to long-stalled reform of the Resource Management Act in 2016, in a form that garners enough support in the parliament, Economic Development Steven Joyce has confirmed, with the launch ... More >>
NZ manufacturing activity slows to a 5-month low in October
Thursday, 12 November 2015, 11:13 am | BusinessDesk
Nov. 12 (BusinessDesk) - New Zealand manufacturing activity weakened in October to the lowest level in five months in what may be a temporary blip. More >>
Stride Property posts 31% 1H profit lift on revaluations
Thursday, 12 November 2015, 10:29 am | BusinessDesk
Nov. 12 (BusinessDesk) - Stride Property, previously known as DNZ Property Fund, posted a 31 percent increase in first-half profit, reflecting a restructuring of its property portfolio that led to a drop in rental income but a hike in the value ... More >>
Wynyard calls special meeting to raise $30 million
Thursday, 12 November 2015, 9:09 am | BusinessDesk
Nov. 12 (BusinessDesk) - Wynyard Group, the security software developer, will seek shareholder approval to raise $30 million over the coming year through a series of private placements, after touting its wares on a roadshow for foreign investors. More >>
NZ dollar edges lower in holiday trading
Thursday, 12 November 2015, 8:52 am | BusinessDesk
NZ dollar edges lower in holiday trading; greenback may advance as Fed speakers stoke rate hike bets More >>
While you were sleeping: Macy’s cuts profit outlook
Thursday, 12 November 2015, 6:23 am | BusinessDesk
Nov. 12 (BusinessDesk) - Wall Street weakened as a profit downgrade from Macy’s and freshly disappointing data from China weighed on the market. More >>
