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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 705]
NZ dollar, little changed, may fall on Chinese data
Wednesday, 11 November 2015, 8:42 am | BusinessDesk
Nov. 11 (BusinessDesk) - The New Zealand dollar may decline should key Chinese data releases today stoke concerns about slowing growth in Asia's largest economy. More >>
While you were sleeping: China, Fed hike weigh
Wednesday, 11 November 2015, 6:04 am | BusinessDesk
Nov. 11 (BusinessDesk) - Wall Street moved lower, while US Treasuries rose, amid fresh data showing the strength of the US economy and the weakening of growth in China. More >>
New Plymouth Council fund sells Aussie's biggest dairy farm
Tuesday, 10 November 2015, 6:54 pm | BusinessDesk
Nov. 10 (BusinessDesk) - New Plymouth District Council will end up owning about 19 percent of an ASX-listed dairy products company as part of a deal that will see its investment fund sell Van Diemen's Land, Australia's biggest milk supplier, for a ... More >>
MARKET CLOSE: NZ shares fall; Mainfreight profit disappoints
Tuesday, 10 November 2015, 5:47 pm | BusinessDesk
Nov. 10 (BusinessDesk) - New Zealand shares fell, led by Mainfreight after the transport and logistics company posted first-half profit that missed some expectations, weighing on other freight-related companies including Freightways, Auckland International ... More >>
NZ agricultural exports to reach $100 bln in 20 years: KPMG
Tuesday, 10 November 2015, 5:42 pm | BusinessDesk
Nov. 10 (BusinessDesk) - New Zealand’s agricultural exports are predicted to grow to $100 billion a year in the next 20 years and will be much more diversified than the current mix, which relies on dairy and forestry, says Ian Proudfoot, KPMG’s ... More >>
NZ dollar slips in wake of US labour data, RBNZ report looms
Tuesday, 10 November 2015, 5:11 pm | BusinessDesk
NZ dollar slips as investors continue to digest US jobs data; RBNZ's stability report looms More >>
Lab-grown burgers could replace farmed beef, Post says
Tuesday, 10 November 2015, 5:00 pm | BusinessDesk
Lab-grown burgers could replace traditionally-farmed beef in the next 25 years, Dutch pioneer Post says More >>
Local Government Funding agency rating reaffirmed by S&P
Tuesday, 10 November 2015, 4:28 pm | BusinessDesk
Local Government Funding agency rating reaffirmed by S&P Nov. 10 (BusinessDesk) - The Local Government Funding Agency, which sells bonds on behalf of most of New Zealand's local authorities, had its AA+/A-1+ credit ratings affirmed by Standard ... More >>
Christchurch hydro turbine innovator eyes 2016 ASX listing
Tuesday, 10 November 2015, 3:03 pm | BusinessDesk
Nov. 10 (BusinessDesk) - HydroWorks, a Christchurch-based hydro-electricity turbine innovator, is crowd-funding through the newly launched trans-Tasman Equitise platform ahead of a planned float on the Australian Securities Exchange next year as it pursues ... More >>
Martin Aircraft shares jump 8.7% on Dubai deal
Tuesday, 10 November 2015, 2:58 pm | BusinessDesk
Nov. 10 (BusinessDesk) - Martin Aircraft Co shares jumped 8.7 percent after the developer of the world’s first commercial jetpack signed an agreement to supply its products to the United Arab Emirates for use by emergency services. More >>
CORRECT: Auckland housing market slows in October: REINZ
Tuesday, 10 November 2015, 1:47 pm | BusinessDesk
Nov. 10 (BusinessDesk) - The Auckland housing market slowed last month following the introduction of new restrictions, according to the latest industry figures. More >>
Auckland housing market slows in October: REINZ
Tuesday, 10 November 2015, 1:41 pm | BusinessDesk
Nov. 10 (BusinessDesk) - The Auckland housing market slowed last month following the introduction of new restrictions, according to the latest industry figures. More >>
NZ govt has scope to lean against housing imbalance: IMF
Tuesday, 10 November 2015, 1:33 pm | BusinessDesk
Nov. 10 (BusinessDesk) - The New Zealand government's strong fiscal record, which saw it generate an operating surplus in the 2015 financial year, gives it enough leeway to increase spending on infrastructure to offset slowing economic growth and ... More >>
UPDATE: Comvita upgrades profit guidance after revenue spike
Tuesday, 10 November 2015, 12:39 pm | BusinessDesk
Nov. 10 (BusinessDesk) - Comvita, the manuka honey products maker, raised its annual profit guidance after first-half revenue jumped 52 percent, driven by sales in New Zealand, Asia and Australia. Its shares soared to a record high. More >>
GE agrees to sell Australia, NZ finance units
Tuesday, 10 November 2015, 12:24 pm | BusinessDesk
Nov. 10 (BusinessDesk) - General Electric has agreed to sell its Australia and New Zealand finance businesses to Sankaty Advisors, an affiliate of Bain Capital, as part of a plan to reduce its financial assets and focus on manufacturing. More >>
NZ retail spending on debit, credit cards slows in October
Tuesday, 10 November 2015, 12:18 pm | BusinessDesk
Nov. 10 (BusinessDesk) - New Zealand retail spending on electronic cards expanded at the slowest pace in four months in October, as an increase in consumable sales was eroded by weakness in durables, hospitality and apparel. More >>
Mainfreight first-half profit falls 2%; shares drop
Tuesday, 10 November 2015, 10:40 am | BusinessDesk
Nov. 10 (BusinessDesk) - Mainfreight, the transport and logistics group, said first-half profit fell 2 percent as costs of new transport and logistics facilities at home and weaker trading across the Tasman eroded the benefits of record first-half revenue. ... More >>
Comvita upgrades annual profit guidance; shares hit record
Tuesday, 10 November 2015, 10:23 am | BusinessDesk
Nov. 10 (BusinessDesk) - Comvita, the manuka honey products maker, raised its annual profit guidance after first-half revenue jumped 52 percent, driven by sales in New Zealand, Asia and Australia. Its shares soared to a record high. More >>
Diligent third-quarter earnings drop 38% on higher US costs
Tuesday, 10 November 2015, 9:52 am | BusinessDesk
Nov. 10 (BusinessDesk) - Diligent Corp, the governance software developer, reported a 38 percent decline in third-quarter profit as the firm expanded its sales team and administrative costs rose in the US. More >>
CBL in talks to buy UK tax investigation insurer
Tuesday, 10 November 2015, 9:12 am | BusinessDesk
Nov. 10 (BusinessDesk) - CBL Corp, the newly NZX-listed company that sells credit surety and financial risk insurance, is in talks to buy UK tax investigation insurance provider Professional Fee Protection for an undisclosed sum. More >>
