Scoop has an Ethical Paywall
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 735]
While you were sleeping: Clinton sinks drug makers
Tuesday, 22 September 2015, 7:49 am | BusinessDesk
Sept. 22 (BusinessDesk) - Wall Street rose along with equities in Europe, though gave up some of its earlier gains as shares of drug makers dropped on a tweet by Hilary Clinton that she will detail a plan to curb “price gouging.” More >>
Mitre 10 lifts annual sales on Auckland DIYers
Monday, 21 September 2015, 6:09 pm | BusinessDesk
Sept. 21 (BusinessDesk) - Mitre 10, the homeware chain cooperative, lifted annual sales 8.7 percent as the Auckland real estate market helped fuel demand for do-it-yourself goods, but is now bracing for headwinds as the kiwi dollar weakens and economic growth ... More >>
Key gives guarded view on TPP dairy deal prospects
Monday, 21 September 2015, 5:45 pm | BusinessDesk
Sept. 21 (BusinessDesk) - Prime Minister John Key has given a guarded view of New Zealand's chance of striking the "high quality" deal it has always sought in the 12 nation Trans-Pacific Partnership trade and investment negotiations, saying ... More >>
MARKET CLOSE: NZ shares fall in global sell off
Monday, 21 September 2015, 5:37 pm | BusinessDesk
Sept. 21 (BusinessDesk) - New Zealand shares fell in a global sell off, as investors were cautious about economic growth. Fletcher Building led the bourse lower, while Westpac Banking Corp and Australia and New Zealand Banking Group declined. More >>
Evolution cleared to takeover Austron
Monday, 21 September 2015, 5:34 pm | BusinessDesk
Sept. 21 (BusinessDesk) - Evolution Healthcare, the Australian healthcare investor, has been cleared to buy out its partners in private hospital operator Acurity Healthcare, provided it offloads its Boulcott facility in Lower Hutt. More >>
NZ dollar extends slide as Fed reticence stokes US concern
Monday, 21 September 2015, 5:25 pm | BusinessDesk
Sept. 21 (BusinessDesk) - The New Zealand dollar extended its decline from a three-week high on concern the Federal Reserve's unwillingness to raise interest rates last week suggests both the US and the global economy are weaker than expected. More >>
Yili's Oceania Dairy sets minimum 15-16 milk payout at $4.50
Monday, 21 September 2015, 3:24 pm | BusinessDesk
Yili's Oceania Dairy sets minimum 2015-16 milk payout at $4.50/kgMS, a premium to Fonterra forecast More >>
Expected 90 lay-offs at AgResearch in 'pretty fatal blow'
Monday, 21 September 2015, 11:54 am | BusinessDesk
Sept. 21 (BusinessDesk) - The expected lay-offs of about 90 science staff at AgResearch, the country’s largest crown research institute, is a “pretty fatal blow” to agricultural research, says Doug Edmeades, a Waikato soil scientist. More >>
NZ's annual net migration reaches record 60,300 in August
Monday, 21 September 2015, 11:36 am | BusinessDesk
NZ's annual net migration reaches record 60,300 in August on Indian, Chinese students More >>
Fonterra lays off a further 227 staff, bringing total to 750
Monday, 21 September 2015, 10:39 am | BusinessDesk
Fonterra lays off a further 227 staff; total job losses from ongoing review hit 750 More >>
NZ consumer confidence falls to three-year low in 3rd qtr
Monday, 21 September 2015, 10:30 am | BusinessDesk
Sept. 21 (BusinessDesk) - New Zealand consumer confidence fell to a three-year low in the third quarter as a deteriorating outlook for the economy weighed on household sentiment. More >>
Summerset gets consent for $100 mln Casebrook village
Monday, 21 September 2015, 9:15 am | BusinessDesk
Sept. 21 (BusinessDesk) - Summerset Group, the listed retirement village operator and developer, has been granted resource consent for a $100 million village in the Christchurch suburb of Casebrook. More >>
ACC-backed Allegro sees Carpet Court as potential IPO
Monday, 21 September 2015, 9:13 am | BusinessDesk
Sept. 21 (BusinessDesk) - Allegro Funds, the Australian private equity firm that counts the Accident Compensation Corp's investment arm as an investor, is optimistic its latest New Zealand investment, Carpet Court, is a candidate for potential listing ... More >>
NZ dollar slips as Fed officials seek rate hike this year
Monday, 21 September 2015, 9:05 am | BusinessDesk
Sept. 21 (BusinessDesk) - The New Zealand dollar fell from a three-week high reached in New York trading after US Federal Reserve officials said they expected to raise interest rates this year after the Fed kept rates near zero last week. More >>
MTF tells shareholders to wait for valuation of offer
Monday, 21 September 2015, 9:02 am | BusinessDesk
Sept. 21 (BusinessDesk) - Motor Trade Finances said shareholders should wait for an updated valuation before deciding whether to accept Turners' offer to buy shares in the auto-finance firm, and said Heartland New Zealand has renewed its interest ... More >>
World Week Ahead: Doves vs Hawks
Monday, 21 September 2015, 6:42 am | BusinessDesk
Sept. 21 (BusinessDesk) - After US Federal Reserve policy makers postponed a lift in interest rates, citing concern about volatile global markets, eyes will be focused intensely on speeches by Chair Janet Yellen and her colleagues this week. More >>
MARKET CLOSE: NZ shares rise; Freightways, Sky TV, Z gain
Friday, 18 September 2015, 5:37 pm | BusinessDesk
MARKET CLOSE: NZ shares rise; Freightways, Sky TV, Z gain, Kathmandu drops as Briscoe offer lapses More >>
NZ dollar heads for 1% weekly gain on milk prices, Fed
Friday, 18 September 2015, 5:25 pm | BusinessDesk
NZ dollar heads for 1% weekly gain as dairy prices rise, Fed keeps rates on hold More >>
Former OPI director Craig White pleads guilty to misleading
Friday, 18 September 2015, 3:43 pm | BusinessDesk
Sept. 18 (BusinessDesk) - Former OPI Pacific Finance Director Craig White has pleaded guilty to misleading investors, the same day two of his fellow board members were sentenced to community service for earlier pleas. More >>
Rakon sees flat 2016 earnings as global telco market slows
Friday, 18 September 2015, 1:56 pm | BusinessDesk
Sept. 18 (BusinessDesk) - Rakon, the high-tech components maker that returned to profit in 2015, expects 2016 earnings to be flat as a slowdown around the world crimps infrastructure investment, particularly in the firm's telecommunications market. More >>
