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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 714]
While you were sleeping: Eyes on Apple, Fed
Wednesday, 28 October 2015, 7:24 am | BusinessDesk
Oct. 28 (BusinessDesk) - Wall Street moved lower as the US Federal Reserve began a two-day policy meeting, and as investors awaited the latest earnings from Apple. More >>
MARKET CLOSE: NZX 50 closes above 6,000 for first time
Tuesday, 27 October 2015, 5:35 pm | BusinessDesk
MARKET CLOSE: NZX 50 closes above 6,000 for first time, led by F&P; Spark, MRP gain More >>
NZ dollar little changed as traders await Fed, RBNZ
Tuesday, 27 October 2015, 5:04 pm | BusinessDesk
Oct. 27 (BusinessDesk) - The New Zealand dollar was little changed as investors took a cautious approach ahead of the Reserve Bank and Federal Reserve policy reviews later this week, which will firm up views on the diverging paths of the two nations' ... More >>
Fraudster Andrew Robinson sentenced to further 12 months
Tuesday, 27 October 2015, 4:30 pm | BusinessDesk
Oct. 27 (BusinessDesk) - Andrew Robinson, a former director of Strategic Planning Group jailed in July for six years over a $2.7 million fraud, has been sentenced to an additional 12 months jail after pleading guilty to charges of making false ... More >>
UPDATE: Chorus 'cautiously optimistic' on post-2020 review
Tuesday, 27 October 2015, 3:56 pm | BusinessDesk
Oct. 27 (BusinessDesk) - Chorus is "cautiously optimistic" a new regulatory regime from 2020 will deliver more certainty for investors in the telecommunications sector, according to chairman Patrick Strange. More >>
Ebos confident of double digit earnings growth in 2016
Tuesday, 27 October 2015, 2:48 pm | BusinessDesk
Oct. 27 (BusinessDesk) - Ebos Group, the animal and healthcare company, expects annual earnings to again grow at a "double digit" rate, saying it has recorded a "positive start" in the first quarter. More >>
Hager explores options over Westpac privacy breach
Tuesday, 27 October 2015, 2:42 pm | BusinessDesk
Oct. 27 (BusinessDesk) - Nicky Hager , the author of the 'Dirty Politics' book, says he "fully intends to explore all options open to him" now that Westpac Banking Corp's release of his banking records to the police without a court order ... More >>
Regulatory environment 'a huge sticking point', Chorus says
Tuesday, 27 October 2015, 2:04 pm | BusinessDesk
Oct. 27 (BusinessDesk) - New Zealand's regulatory environment is still "a huge sticking point" that's stifling Chorus's ability to invest in its telecommunications network, according to chairman Patrick Strange. More >>
NZ dollar may end 2015 at lowest year-end level in 7 years
Tuesday, 27 October 2015, 1:34 pm | BusinessDesk
Oct. 27 (BusinessDesk) - The New Zealand dollar may finish 2015 at the lowest year-end level in seven years and be at a similar place at the end of next year, according to the latest BusinessDesk survey. More >>
Equitise seeks secondary market for crowd funded shares
Tuesday, 27 October 2015, 1:23 pm | BusinessDesk
Oct. 27 (BusinessDesk) - Equitise, the only trans-Tasman equity crowd funder, will launch a secondary market allowing investors to trade in real time in Australia and New Zealand in shares of crowd-funded ventures, which have typically been more illiquid ... More >>
UPDATE: FlexiGroup sees scope to lift credit card spend for
Tuesday, 27 October 2015, 12:30 pm | BusinessDesk
Oct. 27 (BusinessDesk) - FlexiGroup, the ASX-listed financial services company, says it sees a significant opportunity to lift the share of New Zealand credit spending captured by Fisher & Paykel Finance Holdings' Q card and Farmers Finance card, ... More >>
Unexpectedly large NZ trade deficit in Sept
Tuesday, 27 October 2015, 12:01 pm | BusinessDesk
Oct. 27 (BusinessDesk) - New Zealand's trade deficit widened unexpectedly last month as dairy exports declined and imports remained stronger than anticipated. More >>
Abano promotes Rachel Walsh for CFO job
Tuesday, 27 October 2015, 11:52 am | BusinessDesk
Oct. 27 (BusinessDesk) - Abano Healthcare Group, the medical services investor, has promoted commercial executive Rachel Walsh as its new chief financial officer, replacing Richard Keys who will take the company's top job. More >>
G3 cuts mail processing target 12% on delayed service
Tuesday, 27 October 2015, 11:49 am | BusinessDesk
Oct. 27 (BusinessDesk) - G3 Group, the mail operations and document management company which is the only listed company on the new small-cap NXT exchange, has cut its annual mail and document processing target by 12 percent, due to a delay in rolling out ... More >>
Buller Electricity ends lock-up deals for Pulse takeover
Tuesday, 27 October 2015, 11:49 am | BusinessDesk
Oct. 27 (BusinessDesk) - Buller Electricity, the West Coast-based lines company, has discontinued lock-up agreements with Pulse Energy security holders ahead of a potential takeover bid, saying they should be able to read the independent adviser's ... More >>
FlexiGroup agrees to F&P Finance for $315 mln
Tuesday, 27 October 2015, 11:24 am | BusinessDesk
Oct. 27 (BusinessDesk) - FlexiGroup, the ASX-listed financial services company, has agreed to acquire Fisher & Paykel Finance Holdings from its parent, F&P Appliances Holdings, the home appliances maker owned by China's Haier Group, for $315 million ... More >>
Fletcher Building wins Auckland convention centre contract
Tuesday, 27 October 2015, 10:05 am | BusinessDesk
Oct. 27 (BusinessDesk) - Fletcher Building's construction unit has won the $477 million contract to build a convention centre, five-star hotel and associated infrastructure for SkyCity Entertainment Group in Auckland that the casino and hotel company agreed ... More >>
Warehouse names retailer Nick Grayston as new CEO
Tuesday, 27 October 2015, 9:41 am | BusinessDesk
Oct. 27 (BusinessDesk) - Warehouse Group, New Zealand's largest listed retailer, appointed Nick Grayston as its new chief executive, replacing Mark Powell. More >>
Tenon strategic review attracts buying interest
Tuesday, 27 October 2015, 9:36 am | BusinessDesk
Oct. 27 (BusinessDesk) - Tenon, which sells wood mouldings in the US, is looking at a possible sale after a strategic review to boost shareholder value attracted buyer interest. More >>
Bethunes to sell Webb's auction house, plans new investment
Tuesday, 27 October 2015, 9:20 am | BusinessDesk
Oct. 27 (BusinessDesk) - Bethunes Investments, formerly known as Mowbray Collectables, will sell its Webb's auction house for $800,000 to Australia's Mossgreen, and plans to kick off a new investment programme first signalled at July's annual meeting. More >>
