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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 715]
Wynyard inks $2.5M contract with European firm
Tuesday, 27 October 2015, 9:02 am | BusinessDesk
Oct. 27 (BusinessDesk) - Wynyard Group, the security software firm, inked a $2.5 million contract to provide security information and risk management services for a large European national infrastructure company which it didn't identify. More >>
NZX gender diversity stats show women directors up on rise
Tuesday, 27 October 2015, 8:58 am | BusinessDesk
Oct. 23 (BusinessDesk) - The number of women on public company boards has lifted while senior women executives have gone slightly backwards in the past two years, according to NZX’s gender diversity statistics. More >>
NZ dollar weakens after China policy easing
Tuesday, 27 October 2015, 8:37 am | BusinessDesk
Oct. 27 (BusinessDesk) - The New Zealand dollar weakened after China on Friday cut interest rates for a sixth time in the past year, stoking concern about the growth outlook in the country's largest trading partner. More >>
While you were sleeping: Stocks take a breather
Tuesday, 27 October 2015, 7:28 am | BusinessDesk
Oct. 27 (BusinessDesk) - Equities moved lower with the price of oil as investors eyed the outcome of this week’s US Federal Reserve meeting and a flurry of corporate earnings including from Apple. More >>
MARKET CLOSE: NZ stocks rise; Metro Glass gains
Friday, 23 October 2015, 5:47 pm | BusinessDesk
Oct. 23 (BusinessDesk) - New Zealand shares rose for a 10th straight day, propelling the benchmark S&P/NZX 50 Index to a record high, as investors regain confidence following volatility over the past couple of months. More >>
NZ dollar extends gain vs. euro on ECB money printing
Friday, 23 October 2015, 5:21 pm | BusinessDesk
Oct. 23 (BusinessDesk) - The New Zealand dollar extended its gain against the euro to a four-month high after the European Central Bank signalled it will expand its quantitative easing programme, driving appetite for riskier currencies such as the ... More >>
Fliway warns revenue likely to miss forecast for a 2nd time
Friday, 23 October 2015, 4:41 pm | BusinessDesk
Oct. 23 (BusinessDesk) - Fliway, the listed transport and logistics group that listed in April, has reaffirmed prospectus earnings guidance but warned it’s likely to undershoot on revenue for the second time. More >>
'Unscrupulous' foreigners exploiting advisers' register
Friday, 23 October 2015, 4:08 pm | BusinessDesk
Oct. 23 (BusinessDesk) - New Zealand's reputation as a responsible member of the world's financial community is undermined by holes in the financial services provider register, which is still open to abuse by unscrupulous foreign firms, industry groups ... More >>
Wheeler speech convinces many economists OCR on hold
Friday, 23 October 2015, 3:18 pm | BusinessDesk
Oct. 23 (BusinessDesk) - The Reserve Bank may keep the official cash rate unchanged next week to avoid inflaming Auckland's housing market and to keep some capacity up its sleeve should global growth stumble, even though the kiwi dollar has gained ... More >>
Vital Healthcare buys two properties for A$7.8M
Friday, 23 October 2015, 2:52 pm | BusinessDesk
Oct. 23 (BusinessDesk) - Vital Healthcare Property Trust, the listed hospital owner and developer, has bought two parcels of land which it plans to develop to expand Lingard Private Hospital and Toronto Private Hospital, both in New South Wales, Australia. More >>
Fidelity Life annual profit falls 32%
Friday, 23 October 2015, 1:17 pm | BusinessDesk
Oct. 23 (BusinessDesk) - Fidelity Life Assurance, the country's third-biggest life insurer, reported a 32 percent drop in annual profit, reflecting a year-earlier gain from the sale of its KiwiSaver business. The board raised its dividend payment as ... More >>
Marsden Maritime projects second flat year of trade volumes
Friday, 23 October 2015, 12:19 pm | BusinessDesk
Oct. 23 (BusinessDesk) - Marsden Maritime Holdings, which owns half of the Marsden Point-based Northport along with a marina, commercial facilities and land, expects trade volumes through the port to be little changed for a second year following a ... More >>
GST laggards, wealthy migrants in tax department's sights
Friday, 23 October 2015, 12:09 pm | BusinessDesk
Oct. 23 (BusinessDesk) - The tax department is using big data analysis to "reliably predict customers who are highly unlikely to file GST returns on time" and try to help, while its investigators will be singling out "high-income individuals, ... More >>
Westland Milk reviews capital structure as profit soars
Friday, 23 October 2015, 11:19 am | BusinessDesk
Oct. 23 (BusinessDesk) - Westland Milk Products, New Zealand’s second biggest dairy cooperative, is reviewing its capital structure to ensure it has the “flexibility required to maximise market opportunities” after profit soared on cheaper milk ... More >>
Augusta's $87 million sale of Ak Finance Centre fell through
Friday, 23 October 2015, 10:42 am | BusinessDesk
h3>Augusta's $87 million sale of Ak Finance Centre fell through By Paul McBeth More >>
NZ dollar jumps vs. euro after ECB's signals more QE to come
Friday, 23 October 2015, 8:30 am | BusinessDesk
NZ dollar jumps to 3-month high vs. euro after ECB's signals further easing likely More >>
While you were sleeping: Draghi boosts stocks
Friday, 23 October 2015, 7:31 am | BusinessDesk
Oct. 23 (BusinessDesk) - Equities on both sides of the Atlantic rallied after the European Central Bank said it was considering adding fresh stimulus measures including a potential interest rate cut, while US companies including McDonald’s posted better-than-expected ... More >>
MARKET CLOSE: NZ stocks rise; Spark gains, Sky TV drops
Thursday, 22 October 2015, 5:34 pm | BusinessDesk
MARKET CLOSE: NZ stocks rise; Spark, Contact gain; Sky TV plunges to 6-year low More >>
NZ dollar edges up as Chinese gain, ECB looms
Thursday, 22 October 2015, 5:05 pm | BusinessDesk
Oct. 22 (BusinessDesk) - The New Zealand dollar edged up as a gain in Chinese equity markets helped quell fears about the health of the world's second-biggest economy, ahead of the European Central Bank meeting where traders will be watching for any ... More >>
Vector among first in world to get new Tesla batteries
Thursday, 22 October 2015, 4:27 pm | BusinessDesk
Oct. 22 (BusinessDesk) - Vector, the Auckland gas and electricity distribution monopoly, said it will be among the first customers in the world to take delivery of Tesla’s home and business batteries that store home-generated solar and wind power. More >>
