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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 722]
Funds inflow underpins Fisher Funds 2015 earnings
Wednesday, 14 October 2015, 11:14 am | BusinessDesk
Oct. 14 (BusinessDesk) - Fisher Funds Management lifted funds under management by 10 percent to $6.6 billion in 2015, helping underpin earnings in a year when investment returns resulted in smaller performance fees. More >>
Pushpay doubles annualised sales as customers beat target
Wednesday, 14 October 2015, 11:12 am | 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 >>
Wheeler says some OCR easing likely
Wednesday, 14 October 2015, 10:08 am | BusinessDesk
Oct. 14 (BusinessDesk) - Reserve Bank governor Graeme Wheeler has reiterated that he is likely to cut interest rates again, although he is also conscious of the risk that low borrowing costs inflame the housing market and wants to retain some capacity ... More >>
NZ dollar hits 3-mth high vs. British pound after weak CPI
Wednesday, 14 October 2015, 8:37 am | BusinessDesk
Oct. 14 (BusinessDesk) - The New Zealand dollar touched its highest in more than three months against the British pound after UK inflation unexpectedly turned negative last month. More >>
While you were sleeping: Bank results in focus
Wednesday, 14 October 2015, 8:28 am | BusinessDesk
Oct. 14 (BusinessDesk) - Equities on Wall Street and in Europe fell as disappointing import data from China renewed concern about the global economy and corporate profits at the start of a fresh quarterly US earnings season. More >>
Heartland trumps Turners in bid for MTF cornerstone stake
Tuesday, 13 October 2015, 5:54 pm | BusinessDesk
Oct. 13 (BusinessDesk) - Heartland New Zealand, the listed bank, says it may offer to pay 30 percent more than financial services firm Turners to buy a cornerstone stake in auto-financier Motor Trade Finances. More >>
MARKET CLOSE: NZ shares rise; Trade Me, F&P gain
Tuesday, 13 October 2015, 5:33 pm | BusinessDesk
Oct. 13 (BusinessDesk) - New Zealand shares rose, led by Trade Me Group and Fisher & Paykel Healthcare, as the local market's consistency attracts investors after a volatile September quarter. Insurer CBL Corp debuted at a premium to its sale price. More >>
NZ dollar falls on weaker Chinese imports data
Tuesday, 13 October 2015, 5:26 pm | BusinessDesk
Oct. 13 (BusinessDesk) - The New Zealand dollar fell after Chinese figures showed a bigger-than-expected drop in imports last month, which weighed on the currencies of countries that ship commodities to the world's second-largest economy. More >>
Fonterra's Colin Armer, Greg Gent push for smaller board
Tuesday, 13 October 2015, 4:25 pm | BusinessDesk
Oct. 13 (BusinessDesk) - Fonterra Cooperative Group shareholders and former directors Colin Armer and Greg Gent are calling for the world's biggest dairy exporter to trim its board in a resolution they want voted on at this year's annual meeting. More >>
UPDATE: Auckland company manager charged over 1080 threat
Tuesday, 13 October 2015, 4:13 pm | BusinessDesk
Oct. 13 (BusinessDesk) - A 60-year old Auckland businessman has been remanded in custody for two weeks after appearing in the Counties Manukau District Court on blackmail charges in connection with a threat to poison infant formula with 1080. More >>
Police arrest 60 year old Auckland man over 1080 threat
Tuesday, 13 October 2015, 1:46 pm | BusinessDesk
Oct. 13 (BusinessDesk) - New Zealand Police have arrested a 60-year-old Auckland businessman in relation to the criminal blackmail threat to poison infant formula with 1080, made public in March this year. More >>
Groser's 'blanket approach' in turning down OIA not lawful
Tuesday, 13 October 2015, 12:19 pm | BusinessDesk
Groser's 'blanket approach' in turning down Kelsey's OIA requests on TPPA not lawful, court rules More >>
UPDATE: CBL shares climb 12% on NZX debut
Tuesday, 13 October 2015, 12:16 pm | BusinessDesk
Oct. 12 (BusinessDesk) - CBL Corp shares rose 12 percent on their NZX debut after the credit surety and financial risk insurer raised $90 million of new capital in an initial public offering which saw the stock originally priced lower amid market ... More >>
NZ food prices edge up in September
Tuesday, 13 October 2015, 11:20 am | BusinessDesk
Oct. 13 (BusinessDesk) - New Zealand food prices edged up in September, as more expensive meat, poultry and groceries offset a decline in fruit and vegetables. More >>
CBL shares climb 12% on NZX debut
Tuesday, 13 October 2015, 11:06 am | BusinessDesk
Oct. 12 (BusinessDesk) - CBL Corp shares rose 12 percent on their NZX debut as the credit surety and financial risk insurer raised $90 million of new capital in an initial public offering to bolster its capital base and help fund aspirations to ... More >>
CBL shares climb 12% on NZX debut
Tuesday, 13 October 2015, 11:06 am | BusinessDesk
Oct. 12 (BusinessDesk) - CBL Corp shares rose 12 percent on their NZX debut as the credit surety and financial risk insurer raised $90 million of new capital in an initial public offering to bolster its capital base and help fund aspirations to ... More >>
Augusta buys Lufthansa house in Auckland CBD for $16.5M
Tuesday, 13 October 2015, 9:50 am | BusinessDesk
Oct. 13 (BusinessDesk) - Augusta Capital, the listed property and funds manager, has bought a 15 level building in central Auckland for $16.5 million from Cook Property Group. More >>
NZ dollar extends gain as local inflation comes into focus
Tuesday, 13 October 2015, 8:45 am | BusinessDesk
Oct. 13 (BusinessDesk) - The New Zealand dollar extended its gains for a seventh day as holiday in the US kept global markets quiet, and as local inflation data comes into focus for traders assessing whether the Reserve Bank will cut interest rates ... More >>
While you were sleeping: Wall St rises, dollar falls
Tuesday, 13 October 2015, 7:58 am | BusinessDesk
Oct. 13 (BusinessDesk) - Wall Street moved higher, while the US dollar fell, as investors geared up for a flurry of corporate earnings including from banks and eyed talks from several Federal Reserve officials to gauge the odds of an interest rate increase ... More >>
MARKET CLOSE: NZ shares rise; A2 gains after placement
Monday, 12 October 2015, 5:33 pm | BusinessDesk
Oct. 12 (BusinessDesk) - New Zealand shares rose, led by A2 Milk Co amid continued demand after its placement. Contact Energy, Fletcher Building and Property for Industry advanced. More >>
