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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 760]
Pushpay targets $100M in annualised revenue over next 3 yrs
Thursday, 13 August 2015, 10:14 am | BusinessDesk
Aug. 13 (BusinessDesk) - Pushpay Holdings, the mobile payments app developer, aims to lift annualised revenue to $100 million over the next three years, a tenfold increase from its current rate of sales. More >>
Augusta Capital sells Auckland Finance Centre for $87M
Thursday, 13 August 2015, 9:40 am | BusinessDesk
Aug. 13 (BusinessDesk) - Augusta Capital, the listed property investor and fund manager, has conditionally sold its Auckland Finance Centre for $87 million, pending due diligence and shareholder approval. More >>
Cimic Group's Leighton unit wins $267M Auckland contract
Thursday, 13 August 2015, 9:34 am | BusinessDesk
Aug. 13 (BusinessDesk) - Cimic Group's Leighton Contractors unit has won the $267 million contract to upgrade Auckland's Southern Corridor to improve traffic flows on State Highway 1 between Manukau and Papakura. More >>
NZ dollar rebounds from 6-year low as China intervenes
Thursday, 13 August 2015, 8:49 am | BusinessDesk
Aug. 13 (BusinessDesk) - The New Zealand dollar rebounded from a six-year low as China intervened in the market to stabilise its currency, which had declined sharply following moves aimed at letting it trade more freely. More >>
While you were sleeping: China weighs on Wall Street
Thursday, 13 August 2015, 7:40 am | BusinessDesk
Aug. 13 (BusinessDesk) - Wall Street was mixed, recovering from steeper losses earlier in the session, as investors reassessed the impact of China’s currency devaluation on Tuesday. More >>
MARKET CLOSE: NZ shares fall for a second day on China fears
Wednesday, 12 August 2015, 5:33 pm | BusinessDesk
MARKET CLOSE: NZ shares fall for a second day on China fears; Nuplex, Sky TV, SkyCity, Xero drop More >>
NZ dollar drops to six-year low as traders drive yuan lower
Wednesday, 12 August 2015, 5:13 pm | BusinessDesk
Aug. 12 (BusinessDesk) - The New Zealand dollar dropped to a six-year low as investors latched onto a new regime in China where regulators will let the yuan trade more freely, devaluing the currency and putting pressure on nations which export to the ... More >>
'Treading water not good enough', says boss of Hart firms
Wednesday, 12 August 2015, 4:29 pm | BusinessDesk
Aug. 12 (BusinessDesk) - New Zealand billionaire Graeme Hart's Reynolds Group Holdings packaging business and UCI Holdings, an autoparts business, are under pressure to cut and sustain lower operating costs after recent asset sales that reduced debt. More >>
NZ dollar tumbles a 2nd day after China weakens yuan again
Wednesday, 12 August 2015, 4:11 pm | BusinessDesk
Aug. 12 (BusinessDesk) - The New Zealand dollar dropped to a new six-year low after China's central bank lowered its yuan fixing for a second day, driving down the currency of the nation's biggest trading partner and making it tougher for exporters. More >>
UPDATE: Adelaide casino needs carparks, 'disappoints' SkyCit
Wednesday, 12 August 2015, 3:53 pm | BusinessDesk
Aug. 12 (BusinessDesk) - SkyCity Entertainment's Adelaide casino underperformed in the last financial year, in part because it doesn't currently have a carpark, although plans are in the works to fix that, chief executive Nigel Morrison told a conference ... More >>
Swedish firm seeks clearance to buy NZ's Realcold
Wednesday, 12 August 2015, 1:14 pm | BusinessDesk
Aug. 12 (BusinessDesk) - Global Swedish refrigeration company Beijer Ref AB has applied to the Commerce Commission to buy Realcold, a cooling business ultimately owned by one of New Zealand's richest families, the Goodfellows. More >>
NIWA develops new mussel harvest technology
Wednesday, 12 August 2015, 12:45 pm | BusinessDesk
Aug. 12 (BusinessDesk) - Researchers at New Zealand's National Institute for Water and Atmospheric Research, NIWA, have developed a machine that measures the strength of mussel shells as part of a three-year study aimed at narrowing down the best time ... More >>
UPDATE: SkyCity full-year profit rises 31%
Wednesday, 12 August 2015, 12:16 pm | BusinessDesk
UPDATE: SkyCity full-year profit rises 31% on improved international business win rate, Auckland trading More >>
ASB lifts full-year cash earnings by 9%
Wednesday, 12 August 2015, 11:36 am | BusinessDesk
Aug. 12 (BusinessDesk) - ASB Bank, the New Zealand unit of Commonwealth Bank of Australia, reported a 9 percent increase in full-year earnings on rising interest income after lifting its home loan, business and rural lending books. More >>
ASB lifts full-year cash earnings by 9%
Wednesday, 12 August 2015, 11:36 am | BusinessDesk
Aug. 12 (BusinessDesk) - ASB Bank, the New Zealand unit of Commonwealth Bank of Australia, reported a 9 percent increase in full-year earnings on rising interest income after lifting its home loan, business and rural lending books. More >>
ASB lifts full-year cash earnings by 9%
Wednesday, 12 August 2015, 11:36 am | BusinessDesk
Aug. 12 (BusinessDesk) - ASB Bank, the New Zealand unit of Commonwealth Bank of Australia, reported a 9 percent increase in full-year earnings on rising interest income after lifting its home loan, business and rural lending books. More >>
NZ guest nights fall in June on North Island decline
Wednesday, 12 August 2015, 11:24 am | BusinessDesk
Aug. 12 (BusinessDesk) - New Zealand guest nights fell in June as overnight stays in the North Island declined, snapping five months of gains in the island. More >>
Vital Healthcare lifts FY earnings 4.6%, beating estimates
Wednesday, 12 August 2015, 10:13 am | BusinessDesk
Aug. 12 (BusinessDesk) - Vital Healthcare Property Trust, the listed hospital owner and developer, increased annual earnings 4.6 percent, beating estimates, as it generated increased rents from an expanding Australian business, while flagging a bigger return ... More >>
SkyCity full-year profit rises 31%
Wednesday, 12 August 2015, 9:46 am | BusinessDesk
Aug. 12 (BusinessDesk) - SkyCity Entertainment Group, the casino and hotel company, said full-year profit rose 31 percent as an improved win rate for its international business and strong growth in Auckland made up for a disappointing performance in ... More >>
Just Water buys Penrose site for new HQ, bottling plant
Wednesday, 12 August 2015, 9:23 am | BusinessDesk
Aug. 12 (BusinessDesk) - Just Water International, the water cooler and supplies business 79 percent owned by founder Tony Falkenstein, will shift its bottling plant and head office to a new site in Auckland that it has bought for $3.3 million. More >>
