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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 707]
NZX taps Guy Elliffe, John Williams to Smartshares board
Friday, 6 November 2015, 4:23 pm | BusinessDesk
Nov. 6 (BusinessDesk) - NZX has appointed former AMP Capital Investors executive Guy Elliffe and John Williams from Trust Investments Management, as independent directors to the stock market operator's Smartshares board. More >>
Colonial Motor expects 2016 profit, dividends to match 2015
Friday, 6 November 2015, 3:04 pm | BusinessDesk
Nov. 6 (BusinessDesk) - Colonial Motor Co, the listed motor vehicle distributor, expects 2016 profit and dividends to be similar to last year as better growth in city dealerships offsets lower demand in rural areas. More >>
Hanover investors to get first payment in six years
Friday, 6 November 2015, 2:55 pm | BusinessDesk
Nov. 5 (BusinessDesk) - Investors in the failed Hanover group of companies will get their first cash payment in more than six years as accounting firm Deloitte prepares to make a distribution from this year's $18 million settlement. More >>
Meridian calls for Genesis to keep coal-fired station open
Friday, 6 November 2015, 2:52 pm | BusinessDesk
Nov. 6 (BusinessDesk) - All-renewables electricity generator Meridian Energy has initiated talks with rival Genesis Energy to preserve access to two ageing gas and coal-fired electricity plants at the Huntly power station, which Genesis intends ... More >>
Meridian defends special dividends over buybacks
Friday, 6 November 2015, 2:09 pm | BusinessDesk
Nov. 6 (BusinessDesk) - Meridian Energy will review its decision to return capital to shareholders as special dividends carrying no imputation credits after feedback from some shareholders who would prefer a share buyback scheme instead. More >>
Fonterra to offer milk powder at GDT with guaranteed age
Friday, 6 November 2015, 1:25 pm | BusinessDesk
Fonterra to offer milk powder at GDT auction with guaranteed age limit at premium price More >>
Warehouse launches self-branded financial services
Friday, 6 November 2015, 1:02 pm | BusinessDesk
Warehouse launches self-branded financial services, two credit cards, and signals pre-pay mobile coming More >>
TPP central banks to refrain from currency manipulation
Friday, 6 November 2015, 12:48 pm | BusinessDesk
Nov. 6 (BusinessDesk) - The Reserve Bank of New Zealand and its 11 counterparts in the Trans-Pacific Partnership trade and investment pact have agreed to avoid unfair currency manipulation as part of a regionwide push for greater cooperation, adopting ... More >>
Spark says 1Q results 'on plan', affirms annual guidance
Friday, 6 November 2015, 11:26 am | BusinessDesk
Nov. 6 (BusinessDesk) - Spark New Zealand, the nation's biggest communications company, has confirmed earnings guidance and dividend expectations at its annual meeting in Auckland. More >>
WWF prize helps wasp-bait business Entecol to scale up
Friday, 6 November 2015, 11:06 am | BusinessDesk
Nov. 6 (BusinessDesk) - Richard Toft, who won a $25,000 World Wide Fund for Nature prize for his wasp-bait system, Vespex, says the cash will help pay for his company Entecol to move to bigger premises in Nelson in preparation for scaling up for commercial ... More >>
Heartland to amalgamate businesses, flags capital return
Friday, 6 November 2015, 10:26 am | BusinessDesk
Nov. 6 (BusinessDesk) - Heartland New Zealand, the listed bank, will amalgamate all its businesses, including its senior finance unit and Harmoney Corp investment, in a bid to simplify its corporate structure, and has signalled plans to return up ... More >>
TPP document shows net benefit for countries such as NZ
Friday, 6 November 2015, 10:20 am | BusinessDesk
TPP document shows net benefit for countries such as NZ dominated by SMEs, Ballingall says More >>
NZ govt books back in the red in first 3 months of 2016 year
Friday, 6 November 2015, 10:17 am | BusinessDesk
NZ govt books back in the red in first three months of 2016 year, tax take beats estimate More >>
Warehouse lifts 1Q sales 7.7%, outpacing year-earlier gain
Friday, 6 November 2015, 10:02 am | BusinessDesk
Nov. 6 (BusinessDesk) - Warehouse Group, New Zealand's largest publicly listed retailer, boosted first-quarter sales 7.7 percent and improved margins at its discount chain ahead of the key Christmas trading period. More >>
ComCom says too early for full deregulation of dairy
Friday, 6 November 2015, 9:57 am | BusinessDesk
Nov. 6 (BusinessDesk) - The Commerce Commission doesn't see enough competition in the dairy sector to consider full deregulation, particularly at the processing level, which may benefit from a gradual loosening of the rules. More >>
NZ dollar jumps vs. Sterling as BoE rate hike chance dims
Friday, 6 November 2015, 8:29 am | BusinessDesk
NZ dollar jumps higher vs. British pound as investors push out bets for BoE rate hike More >>
While you were sleeping: Facebook soars, jobs eyed
Friday, 6 November 2015, 7:37 am | BusinessDesk
Nov. 6 (BusinessDesk) - Wall Street was mixed as investors were on tenterhooks about Friday’s US jobs data to gauge how serious the Federal Reserve might be in its repeated comments about a potential December interest rate hike. More >>
Lochinver Station sold to NZ farming group, Rimanui Farms
Thursday, 5 November 2015, 6:26 pm | BusinessDesk
Nov. 5 (BusinessDesk) - Lochinver Station, the 13,843 hectare sheep and beef station near Taupo that China's Shanghai Pengxin was prevented from buying, has sold to a New Zealand farming group, Rimanui Farms. More >>
MARKET CLOSE: NZX50 edges to fresh record
Thursday, 5 November 2015, 6:12 pm | BusinessDesk
Nov. 5 (BusinessDesk) - New Zealand shares edged to a fresh record, led by Xero as it extended gains after reporting its first-half result. Air New Zealand advanced after it said it would buy more planes, while Kathmandu Holdings declined. More >>
NZ dollar falls ahead of US nonfarm payrolls
Thursday, 5 November 2015, 5:20 pm | BusinessDesk
Nov. 5 (BusinessDesk) - The New Zealand dollar fell ahead of US labour market figures that may add to the case for the Federal Reserve to raise interest rates from near zero next month. More >>
