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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 728]
TruScreen trims sales forecast on delayed product launch
Friday, 2 October 2015, 10:05 am | BusinessDesk
Oct. 2 (BusinessDesk) - TruScreen, the NZAX-listed cervical cancer test developer, says annual sales won't be as big as previously forecast due to a delay in the commercial launch of an upgraded screening device. More >>
Blue sky funding worthwhile, selection process costly: Motu
Friday, 2 October 2015, 8:54 am | BusinessDesk
Oct. 2 (BusinessDesk) - Government spending on 'blue skies' research could be increased without lessening the value of the increased output, but current funding selection processes are almost certainly adding cost for no good outcome, economic consultancy ... More >>
NZ dollar little changed as US payrolls data looms
Friday, 2 October 2015, 8:38 am | BusinessDesk
Oct. 2 (BusinessDesk) - The New Zealand dollar held near 64 US cents as a weaker-than-expected US manufacturing gauge eroded optimism from Chinese industrial production, as traders await US payrolls data which will feed into the Federal Reserve's interest rate review. More >>
While you were sleeping: US manufacturing disappoints
Friday, 2 October 2015, 8:16 am | BusinessDesk
Oct. 2 (BusinessDesk) - Equities on both sides of the Atlantic fell, following the previous day’s gains, as disappointing data on US manufacturing underpinned nervousness about the global economy and uncertainty about the timing of a US Federal Reserve ... More >>
MARKET CLOSE: NZ shares fall; Z plunges after placement
Thursday, 1 October 2015, 5:35 pm | BusinessDesk
Oct. 1 (BusinessDesk) - New Zealand shares fell, led by a sharp drop and heavy trading in Z Energy as the market digested nearly a third of the stock changing hands. Z shareholder Infratil also fell. More >>
NZ dollar gains on lift in Chinese manufacturing
Thursday, 1 October 2015, 5:23 pm | BusinessDesk
Oct. 1 (BusinessDesk) - The New Zealand dollar rose after an official measure of manufacturing in China improved last month and traders bet next week's dairy auction will herald further gains in prices. More >>
Hellaby warns first-half earnings likely to fall
Thursday, 1 October 2015, 5:14 pm | BusinessDesk
Oct. 1 (BusinessDesk) - Hellaby Holdings, the NZX-listed diversified investment company, still expects higher annual earnings in 2016, but warned the first-half will be down from the year earlier. More >>
ComCom keeps red flag over risks of industry associations
Thursday, 1 October 2015, 4:41 pm | BusinessDesk
Oct. 1 (BusinessDesk) - The Commerce Commission is still wary about potential collusion through industry associations, which provides an avenue for rival firms to talk about the issues they collectively face and may lead to anti-competitive behaviour. More >>
Kiwi firm MyWave attracts Deutsche Bank global heavyweight
Thursday, 1 October 2015, 1:49 pm | BusinessDesk
Oct. 1 (BusinessDesk) - MyWave Holdings, the New Zealand company whose software attempts to personalise the relationship between consumers and businesses, has attracted Deutsche Bank's departing global head of equities trading Andre Crawford-Brunt to its second ... More >>
Infratil to raise $150M in bond offer, eyes Pac Hydro
Thursday, 1 October 2015, 12:36 pm | BusinessDesk
Oct. 1 (BusinessDesk) - Infratil, the Wellington-based infrastructure investor, has followed its exit from Z Energy with a bond issue to raise as much as $150 million as it looks to buy Australian renewable energy firm Pacific Hydro. More >>
CORRECT: Pushpay tops 2,000 merchants, beating forecast
Thursday, 1 October 2015, 12:14 pm | BusinessDesk
Oct. 1 (BusinessDesk) - Pushpay Holdings, which yesterday raised $18.7 million in a private placement to fund its global expansion, more than doubled its customer numbers over the past six months, beating its forecast by about 10 percent. More >>
Hamilton beats Auckland's quarterly house price gain
Thursday, 1 October 2015, 12:00 pm | BusinessDesk
Oct. 1 (BusinessDesk) - New Zealand house values rose at their fastest annual pace in more than eight years, as demand for Auckland housing overflowed to nearby regions, with Hamilton prices jumping 9 percent over the past three months, according to Quotable ... More >>
Pushpay tops 2,000 merchants, beats forecast at end of Sept
Thursday, 1 October 2015, 11:14 am | BusinessDesk
Oct. 1 (BusinessDesk) - Pushpay Holdings, which yesterday raised $18.7 million in a private placement to fund its global expansion, more than doubled its customer numbers over the past six months, beating its forecast by about 10 percent. More >>
PGC faces another trading suspension on delayed report
Thursday, 1 October 2015, 10:27 am | BusinessDesk
Oct. 1 (BusinessDesk) - Pyne Gould Corp risks having its shares suspended from trading for the second time in two years after again missing the deadline to lodge its annual report with the NZX. The company blamed the delay on auditors reviewing the accounts. More >>
Infratil reaps $392 mln profit on sales of 20% of Z Energy
Thursday, 1 October 2015, 9:34 am | BusinessDesk
Infratil reaps $392 mln profit on sales of 20% of Z Energy By Jonathan Underhill More >>
NZ dollar gains as investors start new qtr on upbeat note
Thursday, 1 October 2015, 8:39 am | BusinessDesk
Oct. 1 (BusinessDesk) - The New Zealand dollar gained as investors began the new quarter on a positive note, as equity markets in Europe and the US. More >>
While you were sleeping: Stocks rally to end quarter
Thursday, 1 October 2015, 8:24 am | BusinessDesk
Oct. 1 (BusinessDesk) - Wall Street climbed following a better-than-expected private US jobs report and as investors wrapped up a tough quarter marred by concern about slower global economic growth. More >>
Pyne Gould sues Barnes, Bath Street for at least $22M
Wednesday, 30 September 2015, 6:19 pm | BusinessDesk
Sept. 30 (BusinessDesk) - Pyne Gould Corp, which today blamed its auditor for the late filing of its annual report, is suing Bath Street Capital and Andrew Barnes for at least $22 million that it claims is an unpaid bill from the sale of Perpetual ... More >>
Shell postpones summer drilling in Great South Basin
Wednesday, 30 September 2015, 6:04 pm | BusinessDesk
Sept. 30 (BusinessDesk) - Global oil company Shell's New Zealand arm has postponed plans to drill an exploration well over the summer in the lightly explored Great South Basin, south of the South Island, where oil companies have looked for deep ... More >>
Jiajiayue Group ties Cooks investment to OIO farm approval
Wednesday, 30 September 2015, 6:01 pm | BusinessDesk
Sept. 30 (BusinessDesk) - Jiajiayue Group's $4.5 million investment in NZAX-listed Cooks Global Foods is conditional on the Chinese supermarket chain gaining Overseas Investment Commission approval for the purchase of a sheep and beef farm in New Zealand. More >>
