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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 731]
Tatua Cooperative beats market with $7.10/kgMS payout
Tuesday, 29 September 2015, 12:04 pm | BusinessDesk
Sept. 29 (BusinessDesk) - Tatua Cooperative Dairy Co, the Tatuanui-based dairy company founded 100 years ago, set the 2015 payout for its farmer suppliers at $7.10 per kilogram of milk solids, the highest of any New Zealand processor, while affirming ... More >>
Kathmandu FY profit halves as discounting cuts margins
Tuesday, 29 September 2015, 11:35 am | BusinessDesk
Sept. 29 (BusinessDesk) - Kathmandu Holdings, the outdoor clothing retailer that spurned a takeover offer this year, reported net profit about halved because of "aggressive" discounting to shift surplus stock and weak demand in Australia. It affirmed guidance ... More >>
Envirowaste cuts deal with regulator over oil collection
Tuesday, 29 September 2015, 9:26 am | BusinessDesk
Sept. 29 (BusinessDesk) - Enviro Waste Services has cut a deal with the Commerce Commission over claims the waste management firm tried to collude with a competitor in Nelson in collecting waste oil. More >>
Augusta taps Paul Duffy as new chairman when Wilson retires
Tuesday, 29 September 2015, 9:14 am | BusinessDesk
Sept. 29 (BusinessDesk) - Augusta Capital, the listed property investor and fund manager, appointed Paul Duffy to its board with the intention of promoting him to chairman when Peter Wilson retires in December. More >>
NZ dollar falls as Fed's Dudley points to 2015 rate hike
Tuesday, 29 September 2015, 8:50 am | BusinessDesk
NZ dollar falls as Fed's Dudley points to 2015 rate hike, stocks fall, risk aversion rises More >>
While you were sleeping: Stocks drop, bonds gain
Tuesday, 29 September 2015, 7:22 am | BusinessDesk
Sept. 29 (BusinessDesk) - Equities on both sides of the Atlantic slid, while US Treasuries and German bunds gained, amid concern about a global economic slowdown as the Federal Reserve considers a hike in interest rates. More >>
Brownlee urges China to act like 'big' country in China Sea
Monday, 28 September 2015, 5:49 pm | BusinessDesk
Sept. 28 (BusinessDesk) - Defence Minister Gerry Brownlee has used an address to China's National Defense University in Beijing to urge the North Asian giant to behave like a "big country" in the South China Sea, where its creation of islands ... More >>
MARKET CLOSE: NZ shares rise, led by Xero; Fonterra gains
Monday, 28 September 2015, 5:32 pm | BusinessDesk
Sept. 28 (BusinessDesk) - New Zealand shares rose, led by Xero, after it lifted fees for in its second largest market. Fonterra Shareholders' Fund extended recent gains as farmers bought in to access an interest free loan. More >>
NZ dollar may gain vs. Australian dollar on upbeat dairy
Monday, 28 September 2015, 5:18 pm | BusinessDesk
NZ dollar may gain vs. Australian dollar as upbeat dairy trumps weaker iron ore outlook More >>
Crown Law defends Groser's inaction on TPP OIA request
Monday, 28 September 2015, 4:42 pm | BusinessDesk
Sept. 28 (BusinessDesk) - The Crown Law Office faced questions in the Wellington High Court from a judge keen to understand why Trade Minister Tim Groser dismissed an Official Information Act request for the confidential texts of Trans-Pacific Partnership ... More >>
CORRECT: Alliance says merger with SFF risks 'beached whale'
Monday, 28 September 2015, 4:15 pm | BusinessDesk
CORRECT: Alliance says merger with Silver Fern would risk creating 'beached whale' as rival tackles over-capacity More >>
Vivier wins appeal on justice breach over FMA deregistration
Monday, 28 September 2015, 3:50 pm | BusinessDesk
Sept. 28 (BusinessDesk) - The Financial Markets Authority breached Vivier & Co's rights to natural justice when it failed to supply the financial services firm detailed evidence regarding the decision to strip its registration as a financial services ... More >>
Vivier wins appeal on justice breach over FMA deregistration
Monday, 28 September 2015, 3:50 pm | BusinessDesk
Sept. 28 (BusinessDesk) - The Financial Markets Authority breached Vivier & Co's rights to natural justice when it failed to supply the financial services firm detailed evidence regarding the decision to strip its registration as a financial services ... More >>
Vivier wins appeal on justice breach over FMA deregistration
Monday, 28 September 2015, 3:50 pm | BusinessDesk
Sept. 28 (BusinessDesk) - The Financial Markets Authority breached Vivier & Co's rights to natural justice when it failed to supply the financial services firm detailed evidence regarding the decision to strip its registration as a financial services ... More >>
NZ Honey fights MPI over alleged health claims
Monday, 28 September 2015, 2:19 pm | BusinessDesk
Sept. 28 (BusinessDesk) - New Zealand Honey International, the closely-held honey products maker, wants a judicial declaration on whether its trademarks Manuka Doctor and Manuka Pharm amount to health claims after the Ministry of Primary Industries ... More >>
Aust's ACCC cracks down on grocery code while NZ shuns one
Monday, 28 September 2015, 2:17 pm | BusinessDesk
Australia's ACCC cracks down on grocery code of conduct while NZ shuns the need for one More >>
TPP activists claim refusal to release texts 'unlawful'
Monday, 28 September 2015, 1:57 pm | BusinessDesk
Sept. 28 (BusinessDesk) - Ministers cannot make blanket refusals to release documents under the Official Information Act without reviewing them first or by arguing the only information that could be made public would be “anodyne”, the High Court ... More >>
Alliance says merger with Silver Fern risks "beached whale"
Monday, 28 September 2015, 1:40 pm | BusinessDesk
Sept. 28 (BusinessDesk) - Alliance Group chairman Murray Taggart says any merger with Silver Fern Farms risks creating a "big beached whale" of the New Zealand meat industry because its rival needs the capital offered by China's Bright ... More >>
RBNZ pays $510 mln dividend to Crown, biggest in six years
Monday, 28 September 2015, 12:52 pm | BusinessDesk
Sept. 28 (BusinessDesk) - The Reserve Bank of New Zealand will pay a $510 million dividend to the government, its biggest since 2009, after the falling kiwi dollar generated a gain from the central bank's holdings of offshore currencies. More >>
CORRECT: NZ employment confidence falls to 3-year low
Monday, 28 September 2015, 11:48 am | BusinessDesk
Sept. 28 (BusinessDesk) - New Zealand employment confidence turned pessimistic in the third quarter, falling to a three-year low, with fewer workers expecting a pay rise in a labour market where more people are looking for a job. More >>
