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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 727]
Meat workers, Talley's Affco face off in Employment Court
Monday, 5 October 2015, 2:27 pm | BusinessDesk
Oct. 5 (BusinessDesk) - Wairoa meat workers who’ve refused to sign individual contracts with Talleys Group-controlled meat processor Affco New Zealand packed the public gallery of the Employment Court today in a hearing on a long-running stoush between ... More >>
NZ govt seeks to double private sector R&D by 2025
Monday, 5 October 2015, 2:11 pm | BusinessDesk
Oct. 5 (BusinessDesk) - The government is ready to spend more on direct research grants to businesses to meet an "aspirational" target of doubling private sector research and development spending over the next 10 years, despite feedback ... More >>
Tegel owner refinances $268M of debt, lifts turnover 8.8%
Monday, 5 October 2015, 1:16 pm | BusinessDesk
Oct. 5 (BusinessDesk) - The parent company of Tegel Foods, New Zealand's largest poultry business, has refinanced $268 million of debt into new three-year bank loans, although its chief executive declined to take questions on whether the change would ... More >>
Snakk Media to raise up to $2.3M selling shares at discount
Monday, 5 October 2015, 12:48 pm | BusinessDesk
Snakk Media to raise up to $2.3M selling shares at discount to fund growth More >>
Cavalier scouring merger would extract 'monopoly rents'
Monday, 5 October 2015, 12:14 pm | BusinessDesk
Oct. 5 (BusinessDesk) - A merger of Cavalier Wool Holdings and New Zealand Wool Services International's two wool scouring operations would create a monopoly that would use its market powers to hike prices as much as 25 percent, says carpet maker Godfrey ... More >>
New deal with union underpins NZ Steel's A$50M savings drive
Monday, 5 October 2015, 11:07 am | BusinessDesk
Oct. 5 (BusinessDesk) - New Zealand Steel's blue collar workforce has agreed to forego annual bonus payments during unprofitable years to allow the Auckland-based unit of ASX-listed Bluescope Steel a fighting chance as it seeks A$50 million in annual ... More >>
NZX share trading value climbs 22% in September
Monday, 5 October 2015, 9:46 am | BusinessDesk
NZX share trading value climbs 22% in September as NZX 50 rounds out weak quarter More >>
NZ dollar gains against weaker greenback after jobs report
Monday, 5 October 2015, 8:51 am | BusinessDesk
Oct. 5 (BusinessDesk) - The New Zealand dollar rose against a broadly weaker greenback after soft US labour market data reduced expectations the Federal Reserve will rush to raise interest rates. More >>
World Week Ahead: It’s the global economy
Monday, 5 October 2015, 6:43 am | BusinessDesk
Oct. 5 (BusinessDesk) - The state of the global economy will be the main theme this week after September’s weak American payrolls report suggested US growth might have hit a rough patch. More >>
MARKET CLOSE: NZ shares gain; Z rises after selloff slump
Friday, 2 October 2015, 5:39 pm | BusinessDesk
Oct. 2 (BusinessDesk) - New Zealand shares rose, lifting the NZX 50 Index from the lowest level in almost a month, on perceptions the market has become less over-valued after two quarters of decline. Z Energy rose, having slumped yesterday as 30 percent ... More >>
NZ dollar little changed on week as US payrolls loom
Friday, 2 October 2015, 5:19 pm | BusinessDesk
Oct. 2 (BusinessDesk) - The New Zealand dollar is largely unchanged against the greenback this week as improving local outlook eases fears of slowing growth, and as traders wait for US employment data, which will help them weigh up the timing and pace of ... More >>
NZ dollar little changed on week as US payrolls loom
Friday, 2 October 2015, 5:19 pm | BusinessDesk
Oct. 2 (BusinessDesk) - The New Zealand dollar is largely unchanged against the greenback this week as improving local outlook eases fears of slowing growth, and as traders wait for US employment data, which will help them weigh up the timing and pace of ... More >>
US music library drawn into Nats/Eminem copyright spat
Friday, 2 October 2015, 4:58 pm | BusinessDesk
Oct. 2 (BusinessDesk) - Labrador, the US supplier of the song at the centre of rapper Eminem's dispute with the New Zealand National Party, has been brought into the copyright infringement case. More >>
Landcorp disappointed Fonterra to end guaranteed price
Friday, 2 October 2015, 4:30 pm | BusinessDesk
Oct. 2 (BusinessDesk) - Landcorp Farming says it is disappointed that Fonterra Cooperative Group is to stop offering a guaranteed milk price (GMP), which has helped New Zealand's largest corporate farmer manage price fluctuations and prevented an even bigger slump ... More >>
AFT Pharmaceuticals says decision imminent on dual listing
Friday, 2 October 2015, 3:06 pm | BusinessDesk
Oct. 2 (BusinessDesk) - AFT Pharmaceuticals, a drugs developer and reseller, has confirmed it’s close to making a final decision on a share-market listing first mooted in May. More >>
Bank deadline gave SFF too little time for other offers
Friday, 2 October 2015, 2:05 pm | BusinessDesk
Oct. 2 (BusinessDesk) - Silver Fern Farms ran out of time to consider alternatives to a 50-50 joint venture with Shanghai Maling Aquarius, because of the looming deadline for its debt facility with a banking syndicate and the risk that lenders would withdraw ... More >>
'Close to zero' chance of another bum hire: FMA's Everett
Friday, 2 October 2015, 1:44 pm | BusinessDesk
Oct. 2 (BusinessDesk) - Financial Markets Authority chief executive Rob Everett says he’s confident a review of the market watchdog’s recruitment policies means there is "close to zero" risk of repeating Benjamin Kiro hiring debacle. More >>
NZX 50 books worst quarter since 2012 amid global fears
Friday, 2 October 2015, 1:28 pm | BusinessDesk
Oct. 2 (BusinessDesk) - New Zealand stocks booked their worst quarter since June 2012, retreating for a second quarter, as a drop in global commodity prices and fears about emerging economies weighed on equities. More >>
NZ commodity prices rise in September, snapping 5-month drop
Friday, 2 October 2015, 1:26 pm | BusinessDesk
Oct. 2 (BusinessDesk) - New Zealand commodity prices rose in September, following the sharp rebound in dairy prices, and snapping a five-month decline for locally produced raw materials. More >>
Rocket Lab to target moon in new contract
Friday, 2 October 2015, 11:05 am | BusinessDesk
Oct. 2 (BusinessDesk) - Rocket Lab, which develops small launch rockets providing a cheaper alternative to send small payloads into space, has signed a contract with San Francisco-based Moon Express to send three robotic spacecraft to the moon, starting ... More >>
