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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 736]
NZ consumer confidence snaps four months of declines in Sept
Friday, 18 September 2015, 1:14 pm | BusinessDesk
Sept. 18 (BusinessDesk) - New Zealand households were a little perkier in September, ending a four-month slide, as the pessimism over the nation's economic outlook eased. More >>
CBL shares priced at $1.55 in bookbuild, lower end of range
Friday, 18 September 2015, 12:24 pm | BusinessDesk
Sept. 18 (BusinessDesk) - CBL Corp, which sells credit surety and financial risk insurance, has had its shares priced at $1.55 in a bookbuild yesterday, the lower end of the range, as it looks to raise $90 million in new capital via an initial ... More >>
Briscoe Group offer for Kathmandu lapses, reverts to 19.99%
Friday, 18 September 2015, 11:39 am | BusinessDesk
Sept. 18 (BusinessDesk) - Briscoe Group's offer for outdoor clothing retailer Kathmandu Holdings has lapsed after attracting a paltry 2.27 percent of acceptances with a price that was at a steep premium to the market price. More >>
OPI directors get 200 hrs community work, A$100k fine
Friday, 18 September 2015, 10:47 am | BusinessDesk
OPI directors sentenced to 200 hrs community work, A$100k fine for dodgy prospectus, ads More >>
Hellaby appoints former Abano boss Alan Clarke as new CEO
Friday, 18 September 2015, 10:25 am | BusinessDesk
Sept. 18 (BusinessDesk) - Hellaby Holdings has appointed former Abano Healthcare Group boss Alan Clarke as its next chief executive, replacing the long-serving John Williamson in November. More >>
Buller to team up with Pioneer Generation in Pulse takeover
Friday, 18 September 2015, 9:50 am | BusinessDesk
Sept. 18 (BusinessDesk) - Lines companies Buller Electricity and Pioneer Generation plan to mount a takeover of electricity retailer Pulse Energy, though haven't settled on an offer price yet. More >>
Warehouse annual profit falls 5.9%, less than expected
Friday, 18 September 2015, 9:42 am | BusinessDesk
Sept. 18 (BusinessDesk) - Warehouse Group, the country's largest listed retailer, posted a 5.9 percent decline in annual profit, a smaller drop than it had projected, as earnings recovered in the second half. More >>
SkyCity get Auckland Council resource consent for convention
Friday, 18 September 2015, 9:21 am | BusinessDesk
Sept. 18 (BusinessDesk) - SkyCity Entertainment Group, New Zealand's only listed casino company, said it has gained resource consent approval for the convention centre. More >>
SkyCity get Auckland Council resource consent for convention
Friday, 18 September 2015, 9:21 am | BusinessDesk
Sept. 18 (BusinessDesk) - SkyCity Entertainment Group, New Zealand's only listed casino company, said it has gained resource consent approval for the convention centre. More >>
NZ dollar touches 2 1/2-week high after Fed holds rates low
Friday, 18 September 2015, 8:50 am | BusinessDesk
Sept. 18 (BusinessDesk) - The New Zealand dollar spiked to a two-and-a-half week high after the Federal Reserve kept interest rates on hold, citing turmoil in global financial markets as threatening the world's biggest economy, and lowering the track ... More >>
While you were sleeping: Dovish Fed stands pat
Friday, 18 September 2015, 7:35 am | BusinessDesk
Sept. 18 (BusinessDesk) - US equities and Treasuries rose, while the greenback fell, after the US Federal Reserve kept its benchmark interest rate unchanged while flagging a potential hike as early as next month. More >>
NZX tells VMob it needs to be bigger to graduate
Thursday, 17 September 2015, 5:51 pm | BusinessDesk
Sept. 17 (BusinessDesk) - NZX, the stock market regulator, has told mobile advertising firm VMob it needs to raise new capital and almost double its market value by the end of March if it wants to graduate to the main board. More >>
MARKET CLOSE: NZ shares rise ahead of Fed; Trade Me gains
Thursday, 17 September 2015, 5:34 pm | BusinessDesk
Sept. 17 (BusinessDesk) - New Zealand shares rose ahead of the US Federal Reserve's impending interest rate announcement, which will set the tone for global markets. Trade Me Group, Orion Health Group and Fletcher Building gained. More >>
Spark beefs up funding with new $100 mln banking facility
Thursday, 17 September 2015, 5:15 pm | BusinessDesk
Sept. 17 (BusinessDesk) - Spark New Zealand, the country's biggest telecommunications provider, has beefed up its funding lines with a new $100 million facility with Westpac New Zealand, which it will use for general business. More >>
NZ dollar rises, recovering from post-GDP drop as Fed looms
Thursday, 17 September 2015, 5:08 pm | BusinessDesk
Sept. 17 (BusinessDesk) - The New Zealand dollar rose, recovering all of the ground lost in the wake of weaker than expected economic growth figures, as order flows drove up the currency ahead of the Federal Open Market Committee decision tomorrow. More >>
NZ Refining agrees 3-year collective contract with union
Thursday, 17 September 2015, 4:23 pm | BusinessDesk
Sept. 17 (BusinessDesk) - New Zealand Refining, the nation's only oil refinery, said it has agreed to a three-year collective contract with the First Union and the New Zealand Engineering, Printing and Manufacturing Union, which represent about half ... More >>
Solid Energy creditors vote for 2 1/2-year wind-down
Thursday, 17 September 2015, 2:32 pm | BusinessDesk
Sept. 17 (BusinessDesk) - Creditors of New Zealand's failed state-owned coal miner Solid Energy have voted in favour of an orderly sell down over the next 2 1/2 years, rejecting a last minute foreign bidder's request to delay the watershed meeting ahead ... More >>
Lionbridge verifies Flintfox claims of super-fast speeds
Thursday, 17 September 2015, 2:25 pm | BusinessDesk
Sept. 17 (BusinessDesk) - Flintfox International has gained credibility for claims of super-fast speeds for its nPrice pricing engine after the software was verified by a testing firm used in the Microsoft Partner programme. More >>
Bennett denies scuttling of Lochinver sale was political
Thursday, 17 September 2015, 1:08 pm | BusinessDesk
Bennett denies scuttling of Lochinver sale was political; decision raises questions for future OIO rulings More >>
Government scuttles Shanghai Pengxin $88M Lochinver purchase
Thursday, 17 September 2015, 11:30 am | BusinessDesk
Sept. 17 (BusinessDesk) - The government has scuttled Shanghai Pengxin's $88 million purchase of Lochinver Station, which it would have added to a portfolio including the Crafar farms, saying the transaction failed on the test of providing a substantial ... More >>
