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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 718]
UPDATE: Genesis Energy sees growth in electricity retailing
Tuesday, 20 October 2015, 3:21 pm | BusinessDesk
Oct. 20 (BusinessDesk) - Genesis Energy said it has seen growth in electricity sales in the first three months of the new financial year after New Zealand's biggest electricity and gas retailer halted a slide in customers in the face of "aggressive" ... More >>
NZ export log prices increase in October
Tuesday, 20 October 2015, 2:28 pm | BusinessDesk
Oct. 20 (BusinessDesk) - New Zealand export log prices increased this month as inventories reduced on Chinese ports on lower volumes and a pick up in demand. More >>
RESEND: Priest 'intuitively knew' his shares with Ross
Tuesday, 20 October 2015, 2:19 pm | BusinessDesk
Oct. 20 (BusinessDesk) - Duncan Priest, who is fighting to keep a $2 million share parcel from swindled Ross Asset Management investors, tried to transfer his shares before fraudster David Ross's assets were frozen and says he "intuitively" ... More >>
Priest 'intuitively knew' what shares Ross was holding
Tuesday, 20 October 2015, 2:06 pm | BusinessDesk
Oct. 20 (BusinessDesk) - Duncan Priest, who is fighting to keep a $2 million share parcel from swindled Ross Asset Management investors, tried to transfer his shares before fraudster David Ross's assets were sold and says he "intuitively" ... More >>
Coca-Cola NZ says 'no single fix for obesity'
Tuesday, 20 October 2015, 12:45 pm | BusinessDesk
Coca-Cola NZ says 'no single fix for obesity', praises Health Minister Coleman's fat-fighting plan More >>
Genesis Energy sees growth in electricity retailing
Tuesday, 20 October 2015, 11:52 am | BusinessDesk
Oct. 20 (BusinessDesk) - Genesis Energy said it has seen growth in electricity sales in the first three months of the new financial year after New Zealand's biggest electricity and gas retailer halted a slide in customers in the face of "aggressive" ... More >>
Pyne Gould wins court tussle over A$33.6M Torchlight penalty
Tuesday, 20 October 2015, 11:49 am | BusinessDesk
Oct. 20 (BusinessDesk) - Pyne Gould Corp, the financial services firm controlled by George Kerr, has won a court battle with Australian businessman John Grill, whose Wilaci investment unit was seeking A$33.6 million from the financial services firm ... More >>
Goodman Property secures new $157M finance facility
Tuesday, 20 October 2015, 10:19 am | BusinessDesk
Oct. 20 (BusinessDesk) - Goodman Property Trust has completed its refinancing for the year with a new $157 million debt facility for Wynyard Precinct Holdings, its joint venture with Singapore government-owned GIC. More >>
Diligent buys BoardLink from Thomson Reuters for US$10M
Tuesday, 20 October 2015, 9:33 am | BusinessDesk
Oct. 20 (BusinessDesk) - Diligent Corp, the governance app developer, has acquired BoardLink from financial services firm Thomson Reuters for US$10 million in cash to widen its portfolio of products aimed at company directors. More >>
GeoOp lifts revenue, customer base in first quarter
Tuesday, 20 October 2015, 9:27 am | BusinessDesk
Oct. 20 (BusinessDesk) - GeoOp, the workforce management app developer, increased revenue and added customers in the first quarter of its financial year as it strives to turn a profit. More >>
NZ dollar little changed ahead of GDT auction tonight
Tuesday, 20 October 2015, 8:41 am | BusinessDesk
Oct. 20 (BusinessDesk) - The New Zealand dollar was little changed ahead of tonight's GlobalDairyTrade auction where prices are expected to consolidate following four consecutive increases, after nearly six months of declines. More >>
Energy Mad's Mackenzie launches fundraising for 'Levicle'
Tuesday, 20 October 2015, 8:32 am | BusinessDesk
Oct. 19 (BusinessDesk) - Energy Mad co-founder Tom Mackenzie has launched a $25,000 Kickstarter crowdfunding campaign to launch his invention, the Levicle, which is a cross between a scooter and a bike, and resembles a penny-farthing. More >>
While you were sleeping: Morgan Stanley sinks
Tuesday, 20 October 2015, 7:22 am | BusinessDesk
Oct. 20 (BusinessDesk) - Disappointing results from Morgan Stanley and a slide in oil dragging shares of Chevron and Exxon Mobil lower weighed on Wall Street. More >>
NZ FGC, Taxpayers' Union cheer obesity package
Monday, 19 October 2015, 6:39 pm | BusinessDesk
Oct. 19 (BusinessDesk) - The NZ Food and Grocery Council and the Taxpayers' Union have welcomed the government's announcement of 22 initiatives aimed at tackling obesity in young people, which focusses on education, health checks and physical activity, ... More >>
MARKET CLOSE: NZX 50 rises to 2-month high; Heartland gains
Monday, 19 October 2015, 5:46 pm | BusinessDesk
Oct. 19 (BusinessDesk) - New Zealand shares rose, pushing the S&P/NZX 50 Index to the highest in more than two months, as the rebound in dairy prices, relatively low kiwi dollar and rising house prices lifted sentiment for the economic outlook. ... More >>
UPDATE: Broker seeks to keep $2M away from Ross investors
Monday, 19 October 2015, 4:54 pm | BusinessDesk
Oct. 19 (BusinessDesk) - Duncan Priest, a Wellington broker, wants $2 million of shares he bought through Ross Asset Management excluded from the liquidator’s distributions to investors hit by New Zealand’s largest fraud. More >>
Former NZ Wine Co boss Scutts appeals kickbacks conviction
Monday, 19 October 2015, 3:17 pm | BusinessDesk
Oct. 19 (BusinessDesk) - Former New Zealand Wine Co chief executive Peter Scutts is appealing his conviction on charges of taking kickbacks worth $64,000. More >>
Duncan Priest fights to keep investments out of RAM pool
Monday, 19 October 2015, 2:08 pm | BusinessDesk
Oct. 19 (BusinessDesk) - Duncan Priest, a Wellington broker, wants investments he made through Ross Asset Management to be excluded from the liquidator’s distributions to investors hit by New Zealand’s largest fraud. More >>
NZ Dollar Outlook: Analysts split on direction before GDT
Monday, 19 October 2015, 1:57 pm | BusinessDesk
Oct. 19 (BusinessDesk) - Analysts are split on the direction of the New Zealand dollar this week as they assess whether the local currency's gains have gone too far. More >>
NZ services sector activity at highest level in almost 8 yrs
Monday, 19 October 2015, 11:12 am | BusinessDesk
Oct. 19 (BusinessDesk) - New Zealand's services sector, which accounts for about two-thirds of the economy, was at its most buoyant level in almost eight years in September. More >>
