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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 719]
Moa narrows 1H loss on improved gross margin, bigger volumes
Monday, 19 October 2015, 10:41 am | BusinessDesk
Oct. 19 (BusinessDesk) - Moa Group said its first-half loss narrowed after the listed beer company lifted the volume and value of sales and improved its gross margin. More >>
Veritas CFO Adrienne Roberts resigns after a year and a half
Monday, 19 October 2015, 9:28 am | BusinessDesk
Oct. 19 (BusinessDesk) - Veritas Investments, the food and beverage investor, said chief financial officer Adrienne Roberts has resigned, just a year and a half after being appointed to the role. More >>
Chorus broadband connections edge up in third quarter
Monday, 19 October 2015, 9:12 am | BusinessDesk
Oct. 19 (BusinessDesk) - Chorus, the telecommunications network operator, increased broadband connections 0.9 percent in the September quarter as more customers switched to higher-speed fibre products. More >>
NZ dollar weakens ahead of Chinese 3Q growth data
Monday, 19 October 2015, 8:34 am | BusinessDesk
Oct. 19 (BusinessDesk) - The New Zealand dollar declined ahead of economic data due out of China today which is expected to show weaker growth in the country's largest trading partner. More >>
World Week Ahead: US earnings, China bets
Monday, 19 October 2015, 7:55 am | BusinessDesk
Oct. 19 (BusinessDesk) - A flurry of US corporate earnings from Morgan Stanley to Boeing to Amazon.com as well as the latest reports on the country’s real estate market are likely to set the tone in the days ahead. More >>
More than 500 leaky home claimants against James Hardie
Friday, 16 October 2015, 5:35 pm | BusinessDesk
Law firm says it has more than 500 potential claimants for leaky homes class action against James Hardie More >>
MARKET CLOSE: NZ stocks advance on yield demand
Friday, 16 October 2015, 5:34 pm | BusinessDesk
Oct. 16 (BusinessDesk) - New Zealand shares rose as investors looking for yield pushed equities higher. Spark New Zealand, Genesis Energy and Kiwi Property Group advanced. More >>
NZ dollar heads for 2.2% weekly gain
Friday, 16 October 2015, 5:25 pm | BusinessDesk
NZ dollar heads for 2.2% weekly gain as global risks subside, local outlook improves More >>
Bright Food provides Silver Fern with letter of comfort
Friday, 16 October 2015, 5:14 pm | BusinessDesk
Oct. 16 (BusinessDesk) - China's state-owned Bright Food Group has provided a letter of comfort to Silver Fern Farms that it will vote its 38 percent stake in Shanghai Maling Aquarius in favour of acquiring 50 percent of New Zealand's biggest meat company. More >>
Fonterra faces 'substantial' drop in milk production
Friday, 16 October 2015, 4:54 pm | BusinessDesk
Fonterra faces 'substantial' drop in milk production before seasonal peak as farmers adjust to low prices More >>
Business lobbyists say 90-day trial period long enough
Friday, 16 October 2015, 4:44 pm | BusinessDesk
Oct. 16 (BusinessDesk) - Business lobby leaders are pleased with the way small business owners are using the 90-day trial period, but don't think it needs to be extended. More >>
Kiwi start-up FaceMe's rolls out prison video conferencing
Friday, 16 October 2015, 3:34 pm | BusinessDesk
Kiwi start-up FaceMe's Richard Branson tie-up leads to prison video conferencing roll-out More >>
Update: NZX rejects call for Pyne Gould delisting
Friday, 16 October 2015, 3:13 pm | BusinessDesk
Oct. 16 (BusinessDesk) - NZX, which runs New Zealand's main stock market, has rejected a suggestion from the NZ Shareholders Association that it should delist investment firm Pyne Gould Corp to protect the integrity of the market. More >>
Queenstown Council and CEO adequately managed housing accord
Friday, 16 October 2015, 2:32 pm | BusinessDesk
Oct. 16 (BusinessDesk) - Queenstown Lakes District Council and its chief executive Adam Feeley have been given a 'pass' mark by the Office of the Auditor-General in the way they managed a potential conflict over Feeley's interest in family land being ... More >>
UPDATE: Absence of inflation in NZ gives scope for more cuts
Friday, 16 October 2015, 1:09 pm | BusinessDesk
Oct. 16 (BusinessDesk) - Domestic, or non-tradables, inflation, stalled in the third quarter, and is expected to remain subdued, leaving the door open for further interest rates cuts by the Reserve Bank. More >>
NZ Merino, on quest to add value to commodities
Friday, 16 October 2015, 1:01 pm | BusinessDesk
Oct. 16 (BusinessDesk) - New Zealand Merino Co, a wool marketer which aims to develop higher-value markets for sheep products, posted a 21 percent lift in full-year profit and said it's on track to double the value of the business in the three years through ... More >>
SFF shareholders vote to sell 50% to Shanghai Maling
Friday, 16 October 2015, 12:43 pm | BusinessDesk
Oct. 16 (BusinessDesk) - Shareholders of Silver Fern Farms have voted in favour of a proposal to sell 50 percent of New Zealand's biggest meat company to Shanghai Maling Aquarius after the unit of China's state-owned Bright Food Group offered $261 million ... More >>
NZSA to oppose Sky TV's 27% directors' fee hike
Friday, 16 October 2015, 11:40 am | BusinessDesk
Oct. 16 (BusinessDesk) - The New Zealand Shareholders' Association will oppose Sky Network Television's bid to lift directors' fees 27 percent, with the retail investor lobby saying details around the hike are "woefully inadequate" and "potentially ... More >>
NZ consumer prices rise 0.3% in September quarter
Friday, 16 October 2015, 10:57 am | BusinessDesk
Oct. 16 (BusinessDesk) - New Zealand consumer prices rose at a slower pace in the September quarter as more expensive vegetables and local body rates offset cheaper vehicle relicensing fees and kept the annual pace of inflation unchanged below the ... More >>
FMA hires general counsel, new HR manager
Friday, 16 October 2015, 10:55 am | BusinessDesk
Oct. 16 (BusinessDesk) - The Financial Markets Authority has hired Barclays Bank executive Nick Kynoch as general counsel and replaced its HR manager as part of a revamped and expanded leadership team. More >>
