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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 720]
Brierley creeps up his Kirkcaldie stake
Friday, 16 October 2015, 10:33 am | BusinessDesk
Oct. 16 (BusinessDesk) - Veteran corporate raider Ron Brierley has lifted his stake in Kirkcaldie & Stains for the third time since Australia's David Jones announced plans to take over the unprofitable Wellington department store. More >>
NZSA wants Pyne Gould delisted from NZX for tardy behaviour
Friday, 16 October 2015, 10:29 am | BusinessDesk
Oct. 16 (BusinessDesk) - The New Zealand Shareholders Association wants NZX to delist Pyne Gould Corp, which has been repeatedly tardy over regulatory filings, to protect the integrity of the market. More >>
NZ dollar jumps to two-month high vs euro
Friday, 16 October 2015, 8:39 am | BusinessDesk
NZ dollar jumps to two-month high vs euro as ECB seen adding more stimulus More >>
While you were sleeping: Citigroup earnings shine
Friday, 16 October 2015, 7:14 am | BusinessDesk
Oct. 16 (BusinessDesk) - Wall Street gained as better-than-expected earnings from companies including Citigroup bolstered sentiment, while the latest economic data offered further reason to believe US policy makers won’t lift interest rates soon. More >>
Americans were biggest buyers of NZ dairy land in 2013-2104
Friday, 16 October 2015, 6:45 am | BusinessDesk
Oct. 13 (BusinessDesk) - Americans were the largest investors in New Zealand dairy farms in 2013 and 2014, according to analysis of Overseas Investment Office decisions by KPMG. More >>
Progressive Meats' Hickson wins EY Entrepreneur of the Year
Thursday, 15 October 2015, 11:08 pm | BusinessDesk
Oct. 15 (BusinessDesk) - Craig Hickson, the founder of meat processor Progressive Meats, has been named EY Entrepreneur of the Year for 2015. More >>
Surplus underscores NZ's positive ratings outlook: Fitch
Thursday, 15 October 2015, 5:51 pm | BusinessDesk
Oct. 15 (BusinessDesk) - New Zealand's unexpected budget surplus "underscores" Fitch Ratings' positive outlook on the sovereign AA rating, although questions linger about the health of the dairy sector. More >>
MARKET CLOSE: NZ shares rise as Contact gains on buyback
Thursday, 15 October 2015, 5:39 pm | BusinessDesk
MARKET CLOSE: NZ shares rise as Contact gains on $100 mln buyback; Trade Me advances after AGM More >>
NZ dollar extends gain as uncertainty over Fed rate hikes
Thursday, 15 October 2015, 5:12 pm | BusinessDesk
Oct. 15 (BusinessDesk) - The New Zealand dollar extended its gain as uncertainty over the timing and pace of US interest rate hikes continue to weigh on the greenback. More >>
Manuka honey lobby devises test to prove authenticity
Thursday, 15 October 2015, 5:09 pm | BusinessDesk
Oct. 15 (BusinessDesk) - The UMF Honey Association says it has found the solution to fake manuka honey products, developing a portable device which tests for the nectar of Leptospermum Scoparium, the native manuka bush. More >>
Contact Energy to buy back $100 mln of shares
Thursday, 15 October 2015, 3:49 pm | BusinessDesk
Oct. 15 (BusinessDesk) - Contact Energy, whose cornerstone investor Origin Energy sold out in August, plans to buy back up to $100 million shares through the rest of the financial year, as a lack of large capital projects free up cash for investors. More >>
Understanding capital model key to angel investing success
Thursday, 15 October 2015, 3:43 pm | BusinessDesk
Oct. 15 (BusinessDesk) - The biggest mistake made by angel investors, who play a key role in supporting kiwi start-ups, is not understanding the company’s capital model before investing, said Ron Weissman, a member of Silicon Valley’s oldest ... More >>
Intensive dairy farming doesn't make economic sense in NZ
Thursday, 15 October 2015, 2:26 pm | BusinessDesk
Oct. 15 (BusinessDesk) - An award winning dairy farm couple has described walking through "ghost town" dairy farms in the Netherlands, where cows never go outside, and told the Primary Production Select Committee that New Zealand needs ... More >>
NZ consumer confidence picks up, aided by improving dairy
Thursday, 15 October 2015, 1:41 pm | BusinessDesk
Oct. 15 (BusinessDesk) - New Zealand consumer confidence rose for a second month after hitting a three-year low in August, helped by an improved outlook for the dairy sector and lower mortgage interest rates. More >>
CORRECT: Nib to buy OnePath Life's medical business
Thursday, 15 October 2015, 1:32 pm | BusinessDesk
CORRECT: Nib to buy OnePath Life's medical business for $24.7 mln, extending New Zealand reach More >>
Govt to scale back share of funding in PGP
Thursday, 15 October 2015, 11:43 am | BusinessDesk
Oct. 15 (BusinessDesk) - The government wants the agricultural sector to inject more money into research and development, and will pare back its share of funding through the primary growth partnership for new projects from December. More >>
Europeans to seek mandate for FTA talks with NZ, Australia
Thursday, 15 October 2015, 11:26 am | BusinessDesk
Oct. 15 (BusinessDesk) - The European Commission will seek a mandate to start negotiating free trade agreements with New Zealand and Australia as the executive body for the European Union as the region launches a new trade strategy. More >>
Nib to buy OnePath Life for $24.7 mln
Thursday, 15 October 2015, 11:18 am | BusinessDesk
Oct. 15 (BusinessDesk) - Nib Holdings, the ASX-listed insurer which bought Tower's medical insurance unit in 2013, has extended its reach into the local market after agreeing to buy OnePath Life (NZ) for $24.7 million from Australia & New Zealand ... More >>
NZ manufacturing activity hits 7-month high on new orders
Thursday, 15 October 2015, 11:16 am | BusinessDesk
Oct. 15 (BusinessDesk) - New Zealand manufacturing activity expanded to its highest level in seven months in September, with an uptick in new orders pointing to further improvements ahead. More >>
IkeGPS first-half sales more than doubled
Thursday, 15 October 2015, 9:24 am | BusinessDesk
Oct. 15 (BusinessDesk) - IkeGPS Group, the laser measurement tool developer, says first-half sales more than doubled, and it affirmed expectations to meet its annual revenue forecast as an outperformance in sales of its smartphone products make up ... More >>
