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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 739]
International Volunteer HQ woos corporate market
Monday, 14 September 2015, 1:02 pm | BusinessDesk
Sept. 14 (BusinessDesk) - International Volunteer HQ, the New Plymouth-based volunteer-abroad business, is expanding into the corporate philanthropy market and bringing volunteers to New Zealand for the first time early next year. More >>
Briscoe 1H profit beats expectations, bemoans KMD take-up
Monday, 14 September 2015, 12:47 pm | BusinessDesk
Sept. 14 (BusinessDesk) - Briscoe Group, the retail chain mounting a hostile takeover of Kathmandu Holdings, lifted first-half profit 11 percent, meeting guidance on improved margins and revealing it has picked up just 2.3 percent of the 80.1 percent of Kathmandu ... More >>
Milford has fastest-growing house prices in Auckland
Monday, 14 September 2015, 11:41 am | BusinessDesk
Sept. 14 (BusinessDesk) - Milford has the fastest-growing house prices, based on Barfoot & Thompson data, and was one of five suburbs where the median prices topped $1 million. More >>
NZ service sector activity rises to 13-month high in August
Monday, 14 September 2015, 11:36 am | BusinessDesk
Sept. 14 (BusinessDesk) - Activity in New Zealand's services sector, which accounts for about two-thirds of the economy, expanded in August, after two months of little movement, rising to the highest level in 13 months. More >>
Fonterra's Monaghan pans dairy doomsayers, defends debt
Monday, 14 September 2015, 10:45 am | BusinessDesk
Sept. 14 (BusinessDesk) - Fonterra Cooperative Group director John Monaghan said critics who claim dairy is doomed, and the economy with it, show a lack of understanding of the market and the structure of the dairy company. More >>
Cavalier to trim $9.5M debt with Sydney sale proceeds
Monday, 14 September 2015, 9:03 am | BusinessDesk
Cavalier to trim a further $9.5 mln from debt with sale of Sydney property More >>
Q2 GDP bounceback forecast, but underlying growth weak
Monday, 14 September 2015, 8:52 am | BusinessDesk
Sept. 14 (BusinessDesk) - New Zealand's economy probably bounced back in the second quarter, after one-off factors dented growth in the first three months of 2015, but the recovery masks weaker underlying growth, reflecting the impact of low dairy prices, ... More >>
NZ dollar little changed in week of Fed decision, GDP
Monday, 14 September 2015, 8:39 am | BusinessDesk
Sept. 14 (BusinessDesk) - The New Zealand dollar was little changed from the New York close on Friday ahead of local data that may show the economy accelerated in the second quarter and before a key meeting of the US Federal Reserve that has an ... More >>
World Week Ahead: US rate decision looms
Monday, 14 September 2015, 6:46 am | BusinessDesk
Sept. 14 (BusinessDesk) - This week’s highly anticipated meeting of US Federal Reserve policy makers has left investors and traders confused about which way to place their bets. More >>
RESEND: IRD not resourced to fix demerger tax
Saturday, 12 September 2015, 4:04 pm | BusinessDesk
RESEND: Government tells investors IRD has no resources to fix unfair tax on demerger shares More >>
IRD doesn't have funds to fix unfair demerged shares tax
Saturday, 12 September 2015, 3:42 pm | BusinessDesk
NZ government tells investors IRD has no resources to fix unfair tax on demerger shares More >>
Dairy farm debt a major concern for NZ economy, NZSA told
Saturday, 12 September 2015, 2:01 pm | BusinessDesk
Sept. 12 (BusinessDesk) - The high level of debt carried by Fonterra Cooperative Group and dairy farms is a major concern for the New Zealand economy, said speakers at the annual Shareholders Association conference. More >>
NZ dollar little changed as further rate cut seen, key Fed m
Friday, 11 September 2015, 5:43 pm | BusinessDesk
Sept. 11 (BusinessDesk) - Sept. 11 (BusinessDesk) - The New Zealand dollar was little changed, having clawed back some ground from yesterday's selloff, as traders look ahead to a US Federal Reserve meeting next week that may be the start of a return ... More >>
MARKET CLOSE: NZX falls on profit-taking; Spark, Trade Me
Friday, 11 September 2015, 5:34 pm | BusinessDesk
Sept. 11 (BusinessDesk) - New Zealand shares fell, led by Spark New Zealand and Trade Me Group, as investors looked to crystallise recent gains. Auckland International Airport and Orion Health Group declined. More >>
GFC survivor, Asset Finance, doubles full-year profit
Friday, 11 September 2015, 3:35 pm | BusinessDesk
Sept. 11 (BusinessDesk) - Asset Finance, a Whakatane-based finance company that survived the global financial crisis despite a business model based on issuing debentures, doubled its profit in the latest year as interest income rose and expenses fell. More >>
Pryke to leave Contact board after 20 years
Friday, 11 September 2015, 1:08 pm | BusinessDesk
Sept. 11 (BusinessDesk) - Contact Energy's interim chairman Phil Pryke is to stand down from the board of the company he helped found 20 years ago, to be replaced as chairman by one of Australasia's most respected business leaders, Ralph Norris. More >>
Jagose speech at National Library thwarted by protest
Friday, 11 September 2015, 1:02 pm | BusinessDesk
Sept. 11 (BusinessDesk) - Privacy Commissioner John Edwards was forced to cancel a speech by Una Jagose, the acting director of the Government Communications Security Bureau, after two protesters interrupted the event, claiming the agency was involved ... More >>
PEP agrees to buy Manuka Honey for undisclosed sum
Friday, 11 September 2015, 11:24 am | BusinessDesk
Sept. 11 (BusinessDesk) - Pacific Equity Partners, the biggest private equity firm in Australia and New Zealand, has agreed to buy Manuka Health, the functional food and dietary supplement company, for an undisclosed amount, subject to Overseas Investment ... More >>
NZ food prices fall 0.5% in August driven down by dairy
Friday, 11 September 2015, 11:21 am | BusinessDesk
NZ food prices fall 0.5% in August as dairy products drive drop in grocery, meat declines More >>
GeoOp reports 15-month loss of $5.8M, says cash burn slowing
Friday, 11 September 2015, 11:04 am | BusinessDesk
GeoOp reports 15-month loss of $5.8M, says cash burn slowing as revenue grows More >>
