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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 762]
Govt depts' HR costs up to twice as high as best practice
Monday, 10 August 2015, 4:33 pm | BusinessDesk
Aug. 10 (BusinessDesk) - Government agencies spent $161.5 million on their human resources departments in 2012/13, but could halve that cost if they were performing to best practice international standards, according to the government's latest Administrative ... More >>
Super Fund's Portuguese bank debt claim proceeds in UK
Monday, 10 August 2015, 4:28 pm | BusinessDesk
Aug. 10 (BusinessDesk) - The UK Commercial Court has confirmed that the debt recovery case filed by the New Zealand Superannuation Fund and others against Portuguese bank, Novo Banco, can be heard in an English court. More >>
Parker & Assocs plans class action against James Hardie
Monday, 10 August 2015, 4:21 pm | BusinessDesk
Aug. 10 (BusinessDesk) - Auckland-based law firm Parker & Associates is calling for claimants as it looks to file a class action lawsuit against global building materials supplier James Hardie. More >>
Pumpkin Patch CFO Mackay departs after less than a year
Monday, 10 August 2015, 2:28 pm | BusinessDesk
Aug. 10 (BusinessDesk) - Pumpking Patch chief financial officer Steve Mackay will leave after less than 12 months with the children's wear chain, following former boss Di Humphries out the door. More >>
Fonterra overshoot on 2015 advance payment weighs on 2016
Monday, 10 August 2015, 1:06 pm | BusinessDesk
Aug. 10 (BusinessDesk) - Milk prices have dropped so dramatically that Fonterra Cooperative Group effectively overpaid farmers under an advance payments scheme last year, sapping funds available to pay out farmers at the end of the season and leaving them short ... More >>
Squirrel to launch P2P service
Monday, 10 August 2015, 12:11 pm | BusinessDesk
Aug. 10 (BusinessDesk) - Squirrel, the Auckland-based mortgage broker, will launch New Zealand's third peer-to-peer lender, after being licensed by the Financial Markets Authority. More >>
NZ Dollar Outlook: Kiwi may rise as traders seek new impetus
Monday, 10 August 2015, 12:05 pm | BusinessDesk
Aug. 10 (BusinessDesk) - The New Zealand dollar may advance this week as traders have already priced in a weaker dairy sector and there is little new information scheduled for release to drive the currency further. More >>
JB Hi-Fi's NZ earnings drop 50% on skinnier margins
Monday, 10 August 2015, 11:49 am | BusinessDesk
Aug. 10 (BusinessDesk) - JB Hi-Fi's New Zealand earnings halved in the latest financial year as the Australian discount consumer electronics retailer's margins shrank and sales were little changed. More >>
Cameron Partners appointed NXT adviser
Monday, 10 August 2015, 9:07 am | BusinessDesk
Aug. 10 (BusinessDesk) - Cameron Partners has been appointed an adviser to NZX's NXT market, which will see the Wellington-based investment bank support new listings on the stock exchange operator's new market. More >>
Kathmandu's Mark Todd resigns as chief operating officer
Monday, 10 August 2015, 9:03 am | BusinessDesk
Aug. 10 (BusinessDesk) - Kathmandu, the outdoor clothing and equipment chain which is the subject of a hostile takeover from Briscoe Group, said chief operating officer and finance director Mark Todd resigned. More >>
Vista puts Kimbal Riley in charge of Vista Entertainment
Monday, 10 August 2015, 8:52 am | BusinessDesk
Aug. 10 (BusinessDesk) - Vista Group International, the cinema software and analytics firm, has rejigged its executive structure, appointing Kimbal Riley to head up its Vista Entertainment Solutions business. More >>
NZ dollar rises in volatile trading after US labour data
Monday, 10 August 2015, 8:14 am | BusinessDesk
Aug. 10 (BusinessDesk) - The New Zealand dollar gained in volatile trading over the weekend as investors weighed the likelihood of an interest rate hike in the US next month following labour market data on Friday. More >>
World Week Ahead: Eyes on US retail sales
Monday, 10 August 2015, 7:25 am | BusinessDesk
Aug. 10 (BusinessDesk) - A key focus this week is the US retail sales report on Thursday because it is seen as a crucial indicator for the US Federal Reserve as to whether the American consumer could weather an interest rate increase. More >>
MARKET CLOSE: NZ shares fall; ANZ Bank down after placement
Friday, 7 August 2015, 5:48 pm | BusinessDesk
Aug. 7 (BusinessDesk) - New Zealand shares fell, with Australia & New Zealand Banking Group down on its A$3 billion equity raising, while Contact Energy declined in another day of heavy trading following Origin Energy's exit. Fonterra Shareholders' ... More >>
NZ dollar gains as Fonterra offers farmer support
Friday, 7 August 2015, 5:22 pm | BusinessDesk
Aug. 7 (BusinessDesk) - The New Zealand dollar gained after Fonterra Cooperative Group slashed its milk payout forecast as expected while offering interest-free loans and a slightly improved dividend to its farmers to soften the blow. More >>
UPDATE: Fonterra slashes payout, $430M support to farmers
Friday, 7 August 2015, 5:16 pm | BusinessDesk
Aug. 7 (BusinessDesk) - Fonterra Cooperative Group, the world’s largest dairy exporter, has slashed its farmgate milk price for the 2015/16 season by $1.40 to $3.85 per kilogram of milk solids but is supporting cooperative members with an additional ... More >>
Gentrack sees earnings at bottom end of guidance
Friday, 7 August 2015, 4:59 pm | BusinessDesk
Aug. 7 (BusinessDesk) - Gentrack Group, whose chief executive James Docking is set to leave the company next year, expects annual earnings to come in at the bottom end of guidance after completing the second of two major contracts that kept a question ... More >>
Milk price fluctuations show NZ dairy model flawed: Landcorp
Friday, 7 August 2015, 4:47 pm | BusinessDesk
Massive fluctations in milk price show NZ's dairy model 'flawed', Landcorp boss Carden says More >>
Auckland port seeks right to go up, if not out
Friday, 7 August 2015, 4:38 pm | BusinessDesk
Auckland port seeks right to go up, if not out By Pattrick Smellie Aug. 7 (BusinessDesk) - Thwarted in its attempt to push its wharves into Auckland harbour, the community-owned Ports of Auckland company is seeking to add another three metres to the height of ... More >>
Auckland port seeks right to go up, if not out
Friday, 7 August 2015, 4:38 pm | BusinessDesk
Auckland port seeks right to go up, if not out By Pattrick Smellie Aug. 7 (BusinessDesk) - Thwarted in its attempt to push its wharves into Auckland harbour, the community-owned Ports of Auckland company is seeking to add another three metres to the height of ... More >>
