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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 744]
NZ new vehicle sales rise 10% in August, may hit FY record
Thursday, 3 September 2015, 9:52 am | BusinessDesk
Sept. 3 (BusinessDesk) - New Zealand new vehicle sales rose 10 percent in August and are on track for a second record year, despite a weaker currency pushing up the import prices. More >>
Snakk boosts 1Q revenue 15%, slows cash burn on cost control
Thursday, 3 September 2015, 9:38 am | BusinessDesk
Sept. 3 (BusinessDesk) - Snakk Media, the mobile advertisement developer, lifted first-quarter revenue 15 percent while slowing its cash burn by clamping down on spending. More >>
NZ share trading value more than doubles in August
Thursday, 3 September 2015, 9:24 am | BusinessDesk
Sept. 3 (BusinessDesk) - The value of share trading on New Zealand's stock exchange more than doubled in August, underpinned by ASX-listed Origin Energy's $1.8 billion sale of its controlling stake in Contact Energy. More >>
NZ dollar declines as US data signals continued growth
Thursday, 3 September 2015, 8:38 am | BusinessDesk
Sept. 3 (BusinessDesk) - The New Zealand dollar declined after US economic data kept alive expectations the Federal Reserve may hike interest rates this month. More >>
While you were sleeping: Apple, Microsoft offer value
Thursday, 3 September 2015, 6:57 am | BusinessDesk
Sept. 3 (BusinessDesk) - Wall Street rose, recovering part of the previous day’s selloff as investors found value in some shares including Apple and Microsoft. More >>
UPDATE: MetService 2015 profit drops on contract delay
Wednesday, 2 September 2015, 7:15 pm | BusinessDesk
Sept. 2 (BusinessDesk) - Meteorological Service of New Zealand, the state-owned weather bureau, said 2015 annual profit dropped by almost two thirds because of delays in finalising a new deal with the Ministry of Transport, its largest contract. More >>
LGFA bonds lure foreign investors
Wednesday, 2 September 2015, 5:50 pm | BusinessDesk
Sept. 2 (BusinessDesk) - The Local Government Funding Agency, which sells bonds on behalf of 30 local authorities in New Zealand, says foreign investors are increasing their holdings of the debt as a relatively liquid, highly rated alternative to sovereign ... More >>
Former mortgage broker convicted of fraud
Wednesday, 2 September 2015, 5:47 pm | BusinessDesk
Former mortgage broker convicted of fraud after forging documents to help poor families buy properties More >>
Briscoe issues a take-it-or-leave-it statement to Kathmandu
Wednesday, 2 September 2015, 5:41 pm | BusinessDesk
Sept. 2 (BusinessDesk) - Briscoe Group, the retailer controlled by managing director Rod Duke, won't lift its price to buy Kathmandu Holding tell the shareholders in the outdoor goods chain to take it or leave it. More >>
MARKET CLOSE: NZ shares fall; Pacific Edge, Xero, A2 decline
Wednesday, 2 September 2015, 5:38 pm | BusinessDesk
Sept. 2 (BusinessDesk) - New Zealand shares fell following a sharp decline on Wall Street overnight, and were the worst performer across Asia in local trading. Momentum stocks, such as Pacific Edge, Xero and A2 Milk Co declined. Sky Network Television ... More >>
NZ dollar gains vs. Australian dollar on weaker growth
Wednesday, 2 September 2015, 5:09 pm | BusinessDesk
Sept. 2 (BusinessDesk) - The New Zealand dollar gained against the Australian dollar after data showed slowing economic growth in Australia, while a pick-up in dairy prices soothed concerns about the outlook for local exports. More >>
SkyCity bonds priced at bottom end of interest rate range
Wednesday, 2 September 2015, 3:51 pm | BusinessDesk
Sept. 2 (BusinessDesk) - SkyCity Entertainment Group, the country's only listed casino operator, will sell $125 million of seven-year bonds paying annual interest of 4.65 percent, the bottom end of the indicative price range. More >>
Loyalty NZ's annual sales gain 6.6% on demand for Fly Buys
Wednesday, 2 September 2015, 2:45 pm | BusinessDesk
Loyalty NZ's annual sales gain 6.6% on demand for Fly Buys By Jonathan Underhill More >>
MetService FY profit drops on delays in inking MoT contract
Wednesday, 2 September 2015, 2:17 pm | BusinessDesk
Sept. 2 (BusinessDesk) - Meteorological Service of New Zealand, the state-owned weather bureau, said 2015 annual profit dropped by almost two thirds because of delays in finalising a new deal with the Ministry of Transport, its largest contract. More >>
NZ commodity prices fall for fifth month, led by dairy
Wednesday, 2 September 2015, 1:28 pm | BusinessDesk
Sept. 2 (BusinessDesk) - New Zealand commodity prices fell for a fifth straight month in August, led by a decline in dairy prices to their lowest level in 11 years. More >>
FX trader Jin Yuan Finance warned over lack of monitoring
Wednesday, 2 September 2015, 11:22 am | BusinessDesk
Sept. 2 (BusinessDesk) - Jin Yuan Finance, an Auckland-based foreign exchange trader, has been warned over its lack of anti-money laundering processes in place in the first public notification by the Department of Internal Affairs. More >>
Kiwi Property buys Westgate mall for $82.5 million
Wednesday, 2 September 2015, 10:40 am | BusinessDesk
Sept. 2 (BusinessDesk) - Kiwi Property Group, the country's largest listed property investor, paid $82.5 million for the Westgate retail centre in Auckland being developed by New Zealand Retail Property Group. More >>
NZ dollar declines on China slowdown concerns
Wednesday, 2 September 2015, 8:37 am | BusinessDesk
Sept. 2 (BusinessDesk) - The New Zealand dollar fell after weak Chinese factory data yesterday raised concerns about a slowdown in Asia's largest economy. More >>
While you were sleeping: China worries sink stocks
Wednesday, 2 September 2015, 8:05 am | BusinessDesk
Sept. 2 (BusinessDesk) - Wall Street followed the slide of equities in Europe and Asia, amid mounting concern that the slowing pace of growth in China will curb the global economy. More >>
Dairy product prices climb for second straight auction
Wednesday, 2 September 2015, 7:33 am | BusinessDesk
Sept. 2 (BusinessDesk) - Dairy product prices climbed in the latest GlobalDairyTrade auction, increasing for a second straight auction after nearly six months of declines. More >>
