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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 708]
Air New Zealand buys 15 new aircraft to compete regionally
Thursday, 5 November 2015, 2:50 pm | BusinessDesk
Air New Zealand buys 15 new aircraft to compete regionally By Fiona Rotherham Air New Zealand is purchasing 15 new ATR72-600 aircraft worth a total US$375 million as regional competition hots up. More >>
IrrigationNZ calls for 350,000ha more land to be irrigated
Thursday, 5 November 2015, 2:29 pm | BusinessDesk
Nov. 5 (BusinessDesk) - IrrigationNZ is calling for a dramatic escalation in irrigation, saying New Zealand could bring water to an additional 350,000 hectares by 2025, boosting agricultural production and providing a buffer against weather events such as El ... More >>
ComCom and Rural Livestock settle on price-fixing claims
Thursday, 5 November 2015, 2:19 pm | BusinessDesk
Nov. 5 (BusinessDesk) - The Commerce Commission has reached a settlement with Rural Livestock after filing legal action against the second largest livestock agency in the South Island, for alleged price fixing in relation to the introduction of the ... More >>
Mega raises another $2.98 mln from shareholders
Thursday, 5 November 2015, 12:33 pm | BusinessDesk
Nov. 4 (BusinessDesk) - Mega, the file storage and encryption firm, raised another $2.98 million from shareholders, flooding its register with new stock and effectively giving its two biggest shareholders the ability to force a sale. More >>
MRP flags Chilean geothermal costs, keeps guidance unchanged
Thursday, 5 November 2015, 12:32 pm | BusinessDesk
Nov. 5 (BusinessDesk) - Electricity generator and retailer MightyRiverPower has signalled it may face additional costs associated with its Chilean geothermal assets, for which it has failed to find a buyer and may require spending on site remediation, ... More >>
NZ new vehicle sales reach record for October, MIA says
Thursday, 5 November 2015, 11:47 am | BusinessDesk
Nov. 5 (BusinessDesk) - New Zealand new vehicle sales had their strongest October month on record, with the annual tally heading for a new high. More >>
Greens get in ahead of govt with electric vehicles package
Thursday, 5 November 2015, 11:41 am | BusinessDesk
Nov. 5 (BusinessDesk) - The Green Party has stolen a march on the government by announcing a new package of policies to encourage the adoption of electric vehicles, getting in ahead of Transport Minister Simon Bridges who intended to announce a new ... More >>
Xero to contain cash burn as first-half loss widens
Thursday, 5 November 2015, 10:48 am | BusinessDesk
Xero to contain cash burn through 2016 as first-half loss widens, revenue climbs 71% More >>
Z Energy lifts 1H earnings 15%, margins up, revenue down
Thursday, 5 November 2015, 9:39 am | BusinessDesk
Nov. 5 (BusinessDesk) - Z Energy, the petrol station chain seeking to take over rival Chevron New Zealand, lifted first-half earnings 15 percent as it fattened its margins in a tightly contested market, ceding market share in the process. More >>
Nuplex says new business to spur Russian unit
Thursday, 5 November 2015, 9:18 am | BusinessDesk
Nov. 5 (BusinessDesk) - Nuplex Industries' push into Russia has got a new lease of life as three multinational companies look to open plants in the world's 10th largest economy, and as the Russian government tries to encourage local production in the ... More >>
NZ dollar falls after Fed's Yellen says Dec hikes 'live'
Thursday, 5 November 2015, 8:43 am | BusinessDesk
NZ dollar falls as US dollar strengthens after Fed's Yellen says Dec 'live' for rate hikes More >>
While you were sleeping: Spectre of December hike
Thursday, 5 November 2015, 5:50 am | BusinessDesk
Nov. 5 (BusinessDesk) - Wall Street moved lower, while the US dollar strengthened, as Federal Reserve Chair Janet Yellen repeated that a December interest rate increase was possible, while European Central Bank President Mario Draghi said he was prepared ... More >>
UPDATE: Duncan Priest's trading in RAM 'concerning': witness
Wednesday, 4 November 2015, 9:05 pm | BusinessDesk
Nov. 4 (BusinessDesk) - Duncan Priest's apparent failure to follow NZX rules in his own personal share trading would be of concern, according to testimony by an expert witness in the former sharebroker's fight to keep a $2 million share parcel from ... More >>
MARKET CLOSE: NZX 50 charts record high; Xero, Nuplex up
Wednesday, 4 November 2015, 6:13 pm | BusinessDesk
MARKET CLOSE: NZX 50 charts record high as Xero, Trade Me gain; Nuplex rises on guidance More >>
NZ dollar drops as jobs growth stalls, dairy prices fall
Wednesday, 4 November 2015, 5:20 pm | BusinessDesk
Nov. 4 (BusinessDesk) - The New Zealand dollar fell after data showed jobs growth unexpectedly stalled and dairy prices fell at the latest GlobalDairyTrade auction, adding pressure to the Reserve Bank to cut interest rates when it next reviews the ... More >>
UPDATE: Weaker employment adds to rate-cut case
Wednesday, 4 November 2015, 2:55 pm | BusinessDesk
UPDATE: NZ employment falls in third quarter, adding to case for further RBNZ rate cut More >>
Duncan Priest's trading in RAM 'concerning': expert witness
Wednesday, 4 November 2015, 2:19 pm | BusinessDesk
Nov. 4 (BusinessDesk) - Duncan Priest's apparent failure to follow NZX rules in his own personal share trading would be of concern, according to testimony by an expert witness in the former sharebroker's fight to keep a $2 million share parcel from ... More >>
Chorus backs govt's proposed telco pricing regime
Wednesday, 4 November 2015, 1:13 pm | BusinessDesk
Nov. 4 (BusinessDesk) - Chorus, the regulated telecommunications network operator, is backing the government's proposal to install a similar oversight regime used for lines companies, and wants a detailed re-write of the law which it says can't be ... More >>
Fonterra expected to meet its forecast payout
Wednesday, 4 November 2015, 1:08 pm | BusinessDesk
Nov. 4 (BusinessDesk) - Fonterra Cooperative Group, the world's largest dairy exporter, is expected to be able to meet its forecast payout to farmers for this season even after dairy prices fell at a second consecutive auction. More >>
Blis takes $350k provision over safe but ugly product
Wednesday, 4 November 2015, 11:32 am | BusinessDesk
Nov. 4 (BusinessDesk) - Blis Technologies, the probiotics product maker, has taken a $350,000 provision for a speckled discolouration of a lozenge product line in Europe, but has retained its expectations to double annual revenue, saying the product is ... More >>
