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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 721]
More Kiwi firms may be lured to ASX
Thursday, 15 October 2015, 8:54 am | BusinessDesk
More Kiwi firms may be lured to ASX by deeper investment pool as costs fall More >>
NZ dollar jumps to 3-month high after weak US data
Thursday, 15 October 2015, 8:44 am | BusinessDesk
NZ dollar jumps to 3-month high after weak data weighs on US interest rate outlook More >>
While you were sleeping: Wal-Mart slump adds concern
Thursday, 15 October 2015, 8:15 am | BusinessDesk
Oct. 15 (BusinessDesk) - Shares of Wal-Mart plunged after the company unexpectedly predicted a decline in earnings for its fiscal 2017 year, underpinning concern that slowing global economic growth is eating into corporate profits. More >>
Shanghai Pengxin challenges Lochinver sale decision
Thursday, 15 October 2015, 8:01 am | BusinessDesk
Oct. 15 (BusinessDesk) - Shanghai Pengxin says it will seek a judicial review of the government's decision to decline its $88 million purchase of Lochinver Station amid signs the investment group's strategy in New Zealand is being thwarted by a ... More >>
Blis sees 'modest' 1H earnings surplus as sales climb
Wednesday, 14 October 2015, 5:42 pm | BusinessDesk
Oct. 14 (BusinessDesk) - Blis Technologies, which sells probiotic products targeted at oral health, colds and flu, expects to post "modest" earnings after more than doubling first-half sales, which it anticipates will flow into the annual ... More >>
MARKET CLOSE: NZ shares gain as investors hunt bargains
Wednesday, 14 October 2015, 5:35 pm | BusinessDesk
Oct. 14 (BusinessDesk) - New Zealand shares as bargain hunters sought oversold stocks. Tower, Ryman Healthcare and Fisher & Paykel Healthcare gained. More >>
NZ dollar rise vs. Australian dollar on Westpac rate hike
Wednesday, 14 October 2015, 5:22 pm | BusinessDesk
Oct. 14 (BusinessDesk) - The New Zealand dollar rose to a four-month high against its trans-Tasman counterpart on speculation mortgage rate hikes by Westpac Banking Corp may put pressure on the central bank to ease policy. More >>
Asian angel investors keen on good deals in NZ
Wednesday, 14 October 2015, 4:44 pm | BusinessDesk
Asian angel investors keen on good deals in NZ, want to see two-way flow More >>
CORRECT: Tourism claims gov downplaying negative levy
Wednesday, 14 October 2015, 4:24 pm | BusinessDesk
(Corrects to add tax on departing passengers in third paragraph, recasts story to focus on industry reaction) More >>
Fonterra credit rating cut to A- by S&P on Beingmate debt
Wednesday, 14 October 2015, 3:57 pm | BusinessDesk
Fonterra credit rating cut to A- by S&P on Beingmate debt, peak capex, price volatility More >>
Westpac to raise A$3.5B in discounted rights offer
Wednesday, 14 October 2015, 3:00 pm | BusinessDesk
Westpac to raise A$3.5B in discounted rights offer, reports 3% gain in cash earnings More >>
Seeka cuts profit forecast on increased kiwifruit losses
Wednesday, 14 October 2015, 2:07 pm | BusinessDesk
Oct. 14 (BusinessDesk) - Seeka Kiwifruit Industries, the country's biggest kiwifruit grower, cut its full-year profit forecast as it lost more fruit than expected late in the season due to a lack of storage. More >>
Govt sets higher rate than indicated for new border levy
Wednesday, 14 October 2015, 1:48 pm | BusinessDesk
Oct. 14 (BusinessDesk) - The government has announced a higher border clearance levy for all visitors arriving in New Zealand than first suggested despite tourism industry calls for it to be scrapped altogether. More >>
English ekes out surprise surplus as growth stokes tax-take
Wednesday, 14 October 2015, 1:11 pm | BusinessDesk
English ekes out surprise surplus as growth stokes tax-take, keeps one eye on debt More >>
CORRECT: Pushpay doubles annualised sales
Wednesday, 14 October 2015, 12:36 pm | BusinessDesk
Oct. 14 (BusinessDesk) - Pushpay Holdings, the mobile payments app developer, says committed sales more than doubled in the first half as the number of customers exceeded expectations. More >>
Government wants additional $160B-$200B foreign investment
Wednesday, 14 October 2015, 12:24 pm | BusinessDesk
Oct. 14 (BusinessDesk) - The New Zealand government needs an additional $160 billion to $200 billion in foreign investment to meet its target of boosting exports to 40 percent of gross domestic product by 2025. More >>
Patrick Renshaw senteced for tax offences
Wednesday, 14 October 2015, 12:21 pm | BusinessDesk
Oct. 14 (BusinessDesk) - Patrick John Renshaw, a disgraced former lawyer who previously served time in jail for his part in defrauding clients of Upper Hutt law firm Renshaw Edwards, was today sentenced to 10 months' home detention for company tax offences. More >>
Patrick Renshaw senteced for tax offences
Wednesday, 14 October 2015, 12:21 pm | BusinessDesk
Oct. 14 (BusinessDesk) - Patrick John Renshaw, a disgraced former lawyer who previously served time in jail for his part in defrauding clients of Upper Hutt law firm Renshaw Edwards, was today sentenced to 10 months' home detention for company tax offences. More >>
MTF board lukewarm on offers from rival suitors
Wednesday, 14 October 2015, 12:03 pm | BusinessDesk
Oct. 14 (BusinessDesk) - The board of Motor Trade Finances has given lukewarm responses to rival suitors wanting to build a cornerstone stake in the auto lender, saying one undervalues the company and the other proposal is too uncertain. More >>
IRD says $1 bln-plus project to replace IT under budget
Wednesday, 14 October 2015, 11:50 am | BusinessDesk
IRD says $1 bln-plus project to replace ageing IT system is running 15% under budget More >>
