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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 729]
MARKET CLOSE: NZ shares fall, as companies go ex-div
Wednesday, 30 September 2015, 5:43 pm | BusinessDesk
Sept. 30 (BusinessDesk) - New Zealand shares fell, dragged down by companies shedding rights to their dividends including Genesis Energy, Auckland International Airport, Ebos Group and Skellerup Holdings. The benchmark index ended the quarter 3.5 percent ... More >>
NZ dollar rises amid gains in business confidence
Wednesday, 30 September 2015, 5:14 pm | BusinessDesk
Sept. 30 (BusinessDesk) - The New Zealand dollar gained after business confidence rose for the first time in six months, adding to speculation there's enough positive signs in the economy to deter the central bank from cutting interest rates again ... More >>
Warehouse buys out financial services JV for $7.3 mln
Wednesday, 30 September 2015, 4:02 pm | BusinessDesk
Sept. 30 (BusinessDesk) - Warehouse Group, New Zealand's largest listed retailer, has taken control of its financial services joint venture, buying out partner Westpac Banking Corp's stake for $7.3 million. More >>
Orion Health inks technology deal with Boots UK
Wednesday, 30 September 2015, 3:17 pm | BusinessDesk
Orion Health inks technology deal with Boots UK - not enough to reverse sliding share price More >>
SPG's Andrew Robinson, jailed fraudster, pleads guilty
Wednesday, 30 September 2015, 2:37 pm | BusinessDesk
Sept. 30 (BusinessDesk) - Andrew Robinson, a former director of Strategic Planning Group jailed in July for six years over a $2.7 million fraud, has pleaded guilty to charges of making false statements in relation to the same business. More >>
PGC blames auditors for delayed annual report
Wednesday, 30 September 2015, 2:24 pm | BusinessDesk
Sept. 30 (BusinessDesk) - Pyne Gould Corp, which restated its 2014 accounts to remove an anticipated gain on the sale of Perpetual Trust, has blamed a delay in releasing its annual report for the second year in a row on a change in auditors. More >>
Westland Milk lifts 2016 forecast payout to $4.90-$5.30/kgMS
Wednesday, 30 September 2015, 2:02 pm | BusinessDesk
Sept. 30 (BusinessDesk) - Westland Milk, which is considering job cuts to contain costs in the face of weaker dairy prices, raised its forecast milk payout to farmers for the current season, saying there are "some signs of increasing demand and ... More >>
NZ business confidence rises, snapping 5-month slide
Wednesday, 30 September 2015, 1:21 pm | BusinessDesk
Sept. 30 (BusinessDesk) - New Zealand businesses grew less gloomy about the economy's prospects in September, snapping five months of declining confidence, in a period when dairy prices rallied from their lows, soothing concerns about the strength of ... More >>
Pumpkin Patch needs more capital for turnaround, bosses say
Wednesday, 30 September 2015, 12:58 pm | BusinessDesk
Sept. 30 (BusinessDesk) - Pumpkin Patch’s new chief executive, Luke Bunt, says further capital will be needed to drive a turnaround in the troubled childrenswear retailer but it’s too early to say how much. More >>
SLI Systems expects new San Jose-based CEO to lift revenue
Wednesday, 30 September 2015, 12:48 pm | BusinessDesk
SLI Systems expects new San Jose-based CEO to lift revenue growth in largest market More >>
MYOB buys NZ payroll provider Information for up to $9.7M
Wednesday, 30 September 2015, 12:45 pm | BusinessDesk
Sept. 30 (BusinessDesk) - MYOB, the Australian payment solutions software developer, has bought Hastings-based payroll provider Information Management Services for as much as $9.7 million, its fourth New Zealand acquisition in recent years. More >>
CentrePort returns to profit
Wednesday, 30 September 2015, 11:58 am | BusinessDesk
Sept. 30 (BusinessDesk) - CentrePort, Wellington's port operator, returned to profit as increased log shipments and container volumes helped it recover from an earthquake-affected result in 2014. More >>
NZ residential building consents fall 4.9% in September
Wednesday, 30 September 2015, 11:25 am | BusinessDesk
NZ residential building consents fall 4.9% in September as Canterbury focus shifts to non-residential work More >>
CORRECT: SLI Systems CEO Ryan takes innovation role
Wednesday, 30 September 2015, 10:41 am | BusinessDesk
CORRECT: SLI Systems CEO Ryan takes new role as chief innovation officer, Brennan named CEO More >>
Veritas appeals Burger King decision to quit meat patty
Wednesday, 30 September 2015, 10:22 am | BusinessDesk
Sept. 30 (BusinessDesk) - Veritas Investments, the food and beverage investor, plans to appeal an arbitrator's ruling in favour of Burger King franchise operator Antares Restaurant Group quitting their joint venture, which supplies beef patties to the ... More >>
Veritas appeals Burger King decision to quit meat patty
Wednesday, 30 September 2015, 10:22 am | BusinessDesk
Sept. 30 (BusinessDesk) - Veritas Investments, the food and beverage investor, plans to appeal an arbitrator's ruling in favour of Burger King franchise operator Antares Restaurant Group quitting their joint venture, which supplies beef patties to the ... More >>
Veritas appeals Burger King decision to quit meat patty
Wednesday, 30 September 2015, 10:22 am | BusinessDesk
Sept. 30 (BusinessDesk) - Veritas Investments, the food and beverage investor, plans to appeal an arbitrator's ruling in favour of Burger King franchise operator Antares Restaurant Group quitting their joint venture, which supplies beef patties to the ... More >>
Hallenstein boosts dividend 8.8%, as FY profit increases 22%
Wednesday, 30 September 2015, 10:13 am | BusinessDesk
Sept. 30 (BusinessDesk) - Hallenstein Glasson lifted is full-year dividend by 8.8 percent while reporting a 22 percent jump in profit but warned intense retail competition was eroding margins. More >>
Pumpkin Patch posts $9.1M full-year loss on charges
Wednesday, 30 September 2015, 10:05 am | BusinessDesk
Pumpkin Patch posts $9.1M full-year loss on charges, secures bank facilities through 2017 More >>
SeaDragon raises $10mln after rights issues, bookbuild
Wednesday, 30 September 2015, 9:59 am | BusinessDesk
Sept. 30 (BusinessDesk) - SeaDragon, the fish oil refiner, has raised $10 million to help fund the completion of a new factory in Nelson, undertaking an extra placement to investors in excess of what it was seeking through a rights issue and bookbuild. More >>
