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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 724]
AFT Pharmaceuticals confirms dual-listing plans
Friday, 9 October 2015, 10:04 am | BusinessDesk
Oct. 9 (BusinessDesk) - AFT Pharmaceuticals, the Auckland-based drugs developer and reseller, wants to list in Australia and New Zealand, raising funds to speed up the development of products to sell in other countries. More >>
A2 Milk raises $40 mln at 5.5% discount in placement
Friday, 9 October 2015, 9:54 am | BusinessDesk
Oct. 9 (BusinessDesk) - A2 Milk, which markets milk with a protein variant said to have health benefits, raised $40 million in a discounted share placement to help fund working capital in its burgeoning infant formula business. More >>
NZ dollar gains as dovish Fed lifts commodity, asset prices
Friday, 9 October 2015, 8:56 am | BusinessDesk
NZ dollar gains to six-week high as dovish Fed, global liquidity lift commodities, asset prices More >>
Manuka honey producers in NZ seek name protection
Friday, 9 October 2015, 8:55 am | BusinessDesk
Oct. 9 (BusinessDesk) - New Zealand manuka honey producers are seeking the same trademark protection accorded to French Champagne and Scottish Whisky after a surge in fakes that aren't made from the nectar of Leptospermum Scoparium, the native manuka bush. More >>
While you were sleeping: Fed minutes offer relief
Friday, 9 October 2015, 8:17 am | BusinessDesk
Oct. 9 (BusinessDesk) - Wall Street moved higher, bolstered by the minutes of the September Federal Reserve meeting, as investors geared up for a fresh US earnings season. More >>
Media rivals set up platform to pool ad inventory
Thursday, 8 October 2015, 5:41 pm | BusinessDesk
Media rivals set up platform to pool ad inventory in bid to fend off global online giants More >>
MARKET CLOSE:NZ shares fall as kiwi $ climbs
Thursday, 8 October 2015, 5:36 pm | BusinessDesk
Oct. 8 (BusinessDesk) - New Zealand shares fell as investors sold dual-listed stocks after the kiwi dollar climbed against its Australian counterpart. Kathmandu Holdings, Fletcher Building and Sky City Entertainment Group. More >>
NZ dollar little changed as risk appetite improves
Thursday, 8 October 2015, 5:09 pm | BusinessDesk
Oct. 8 (BusinessDesk) - The New Zealand dollar was little changed as improving investor sentiment supported demand for risk-sensitive assets, helping push up Asian equities and supporting commodity-linked currencies. More >>
Foodstuffs agrees to buy 21 stores from Asahi's The Mill
Thursday, 8 October 2015, 4:39 pm | BusinessDesk
Oct. 8 (BusinessDesk) - Foodstuffs (NZ) part of the cooperative group that makes up New Zealand's biggest supermarket operator, has agreed to buy 21 stores from Asahi Group's Mill Retail Holdings, with plans to rebrand them as part of its franchised ... More >>
Scott Technology more than doubles annual profit
Thursday, 8 October 2015, 4:18 pm | BusinessDesk
Oct. 8 (BusinessDesk) - Scott Technology, the industrial automation manufacturer, more than doubled annual profit as revenue was boosted by a weaker kiwi dollar and gains from its RobotWorx acquisition. More >>
CRI research still relevant as Joyce puts funding under micr
Thursday, 8 October 2015, 3:01 pm | BusinessDesk
Oct. 8 (BusinessDesk) - Science and Innovation Minister Steven Joyce is happy with the close association the country's seven Crown Research Institute have with their specific industries, even as their funding comes under review in the National Statement ... More >>
A decade of government pre-seed investment : report
Thursday, 8 October 2015, 2:57 pm | BusinessDesk
Oct. 8 (BusinessDesk) - More publicly-funded science is being commercialised after a decade of government 'pre-see'd investment, according to an independent review released today. More >>
Solid Energy plans to shut unprofitable Huntly East mine
Thursday, 8 October 2015, 11:30 am | BusinessDesk
Solid Energy plans to shut unprofitable Huntly East mine, sees no prospect of finding a buyer More >>
A2 Milk to raise up to $43 mln in placement
Thursday, 8 October 2015, 11:06 am | BusinessDesk
A2 Milk to raise up to $43 mln in placement, SPP, 4 months after shelving capital raising More >>
Pyne Gould shares suspended for second time in two years
Thursday, 8 October 2015, 10:24 am | BusinessDesk
Oct. 8 (BusinessDesk) - NZX Regulation has suspended Pyne Gould Corp shares from trading for the second time in as many years after the diversified investor failed to lodge its annual report with the stock exchange. More >>
Michael Hill first-quarter sales rise 9.9%
Thursday, 8 October 2015, 9:19 am | BusinessDesk
Michael Hill first-quarter sales rise 9.9%, sees stable gross margin after difficult second half last year More >>
NZ dollar tops 66 cts as calmer markets stoke risk appetite
Thursday, 8 October 2015, 8:37 am | BusinessDesk
NZ dollar climbs above 66 US cts as calmer markets stoke demand for risk-sensitive assets More >>
While you were sleeping: Oil deflates on US stockpiles
Thursday, 8 October 2015, 8:13 am | BusinessDesk
Oct. 8 (BusinessDesk) - Equities in the US and Europe rose, while oil gave up its earlier gains following a US government report showing a larger-than-expected gain in crude inventories, as investors geared up for the earnings season. More >>
MARKET CLOSE: NZ shares fall as profit takers enter market
Wednesday, 7 October 2015, 5:35 pm | BusinessDesk
MARKET CLOSE: NZ shares fall as profit takers enter the market; Tower, MRP, Freightways decline More >>
Banks fork out a total $25.5M over rural interest rate swaps
Wednesday, 7 October 2015, 5:32 pm | BusinessDesk
Oct. 7 (BusinessDesk) - The Commerce Commission has completed the distribution of $25.5 million to complainants and rural charities after reaching settlements with banks who had marketed interest rate swap products to farmers. More >>
