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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 709]
Mitre 10 profit slumps 92% on occupancy, land banking costs
Wednesday, 4 November 2015, 11:23 am | BusinessDesk
Nov. 4 (BusinessDesk) - Mitre 10 (New Zealand), the cooperative that services the Mitre 10 hardware chain, reported a 92 percent slump in annual profit, as it spent more on land and rent for future stores. More >>
NZ jobless rate rises to 6% in 3rd qtr, employment falls
Wednesday, 4 November 2015, 10:57 am | BusinessDesk
NZ jobless rate rises to 6% in 3rd qtr, employment falls for first time in three years More >>
Auckland house price growth slows in Oct as new rules bite
Wednesday, 4 November 2015, 10:51 am | BusinessDesk
Nov. 4 (BusinessDesk) - Auckland house price growth moderated in October amid signs the bubbling property market in New Zealand's largest city may be cooling as new restrictions are introduced, according to the city's largest realtor. More >>
Nuplex sees 22% 2016 earnings boost
Wednesday, 4 November 2015, 10:46 am | BusinessDesk
Nov. 4 (BusinessDesk) - Nuplex Industries, whose resins are used in industrial coatings and paint, says annual earnings will rise by as much as 22 percent in 2016, benefitting from last year's restructure, accelerating growth in Asia, and a weaker kiwi dollar. More >>
NZX trading activity increases in October as equities surge
Wednesday, 4 November 2015, 10:19 am | BusinessDesk
Nov. 4 (BusinessDesk) - The volume and value of trading on New Zealand's stock exchange increased last month amid surging demand for equities in a low interest rate environment. More >>
SLI Systems says first-half sales to rise 29%
Wednesday, 4 November 2015, 9:19 am | BusinessDesk
SLI Systems says first-half sales to rise 29%, hires chief revenue officer to drive top-line More >>
RESEND: NZ dollar falls after dairy prices drop 7.4% at GDT
Wednesday, 4 November 2015, 9:11 am | BusinessDesk
RESEND: NZ dollar falls after dairy prices drop 7.4% at GDT auction, greenback strengthens More >>
NZ dollar falls after dairy prices drop 7.4% at GDT auction
Wednesday, 4 November 2015, 8:29 am | BusinessDesk
Nov. 4 (BusinessDesk) - The New Zealand dollar fell, hit by a stronger US dollar and weaker prices at the GlobalDairyTrade auction, stoking concern about the outlook for New Zealand's largest export commodity. More >>
Dairy product prices drop on global supply worry
Wednesday, 4 November 2015, 6:09 am | BusinessDesk
Nov. 4 (BusinessDesk) - Dairy product prices fell in the latest GlobalDairyTrade auction, a second straight decline, as ample worldwide supply subdued the outlook. More >>
While you were sleeping: Cautiously confident
Wednesday, 4 November 2015, 5:47 am | BusinessDesk
Nov. 4 (BusinessDesk) - Wall Street was mixed, as energy shares rose with the price of oil, while shares of AIG dropped on disappointing earnings. More >>
Fliway reverses $250,000 provision
Tuesday, 3 November 2015, 6:12 pm | BusinessDesk
Nov. 3 (BusinessDesk) - Fliway Group, the freight and logistics business which listed in April, has reversed a $250,000 provision after settling a claim with a former customer, thanks to a deed of indemnity with shareholders who took the company public. More >>
Supreme Court turns down Heartland's bid to appeal Vero
Tuesday, 3 November 2015, 6:07 pm | BusinessDesk
Nov. 3 (BusinessDesk) - The Supreme Court won't let Heartland New Zealand appeal a ruling that excused Vero Insurance New Zealand from covering losses caused by what the lender claims was dishonest acts by a former staffer. More >>
MARKET CLOSE: NZX50 at fresh record on yield hunger
Tuesday, 3 November 2015, 5:34 pm | BusinessDesk
Nov. 3 (BusinessDesk) - New Zealand shares rose to a fresh record as investors sought dividend-paying stocks. Spark New Zealand, Fletcher Building and Auckland International Airport advanced. More >>
Archer Capital-backed Aspire2 sees acquisition opportunities
Tuesday, 3 November 2015, 5:24 pm | BusinessDesk
Nov. 3 (BusinessDesk) - Aspire2 Group, the newly formed training organisation backed by Australian private equity firm Archer Capital, sees more acquisition opportunities in an evolving labour market and as the government seeks to increase foreign student ... More >>
NZ dollar drops vs. AUD as RBA affirms easing bias
Tuesday, 3 November 2015, 5:16 pm | BusinessDesk
NZ dollar drops vs. Australian dollar after RBA keeps rates on hold, still leaning towards a cut More >>
Reserve Bank of Australia keeps key rate at 2%
Tuesday, 3 November 2015, 5:00 pm | BusinessDesk
Nov. 3 (BusinessDesk) - The Reserve Bank of Australia kept the cash rate unchanged at 2 percent while explicitly saying there was room to cut rates because inflation was likely to remain "low" and "a degree of spare capacity" would ... More >>
Trustpower offers 'fair price' for King Country Energy
Tuesday, 3 November 2015, 4:11 pm | BusinessDesk
Nov. 3 (BusinessDesk) - Trustpower has offered a "fair price" in its $126.6 million takeover of King Country Energy, a bolt-on acquisition that will lift the utility company's customer base by about 7 percent and adding significant electricity ... More >>
Inflation rebound unlikely, OCR heading for 2%, says Westpac
Tuesday, 3 November 2015, 3:16 pm | BusinessDesk
Nov. 3 (BusinessDesk) - Inflation is likely to undershoot the Reserve Bank's forecast in 2016 because of an unexpectedly strong kiwi dollar, adding to the case for deeper interest rate cuts, Westpac Banking Corp economists say. More >>
NZ commodity prices rise for a second month, led by dairy
Tuesday, 3 November 2015, 1:29 pm | BusinessDesk
Nov. 3 (BusinessDesk) - New Zealand commodity prices rose for a second straight month in October, helped by rebounding dairy prices. More >>
NZ house values rise at fastest annual pace in 9 years
Tuesday, 3 November 2015, 12:05 pm | BusinessDesk
Nov. 3 (BusinessDesk) - New Zealand house values rose at their fastest annual pace in more than nine years, with the average home now worth more than $550,000, as the Auckland real estate market continues to surge despite new restrictions on buyers ... More >>
