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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 764]
Competition watchdog names raft of issues in Z-Chevron deal
Thursday, 6 August 2015, 9:47 am | BusinessDesk
Aug. 6 (BusinessDesk) - The Commerce Commission has identified a wide range of competition issues it will need to be satisfied about before it will tick through the proposed merger of Z Energy and the Chevron NZ, operator of the Caltex chain of petrol stations. More >>
NZ dollar dips below 65 US cts on upbeat US data
Thursday, 6 August 2015, 8:37 am | BusinessDesk
Aug. 6 (BusinessDesk) - The New Zealand dollar dipped below 65 US cents for the first time in six years as better than expected US data revived optimism about the strength of the world's biggest economy, and stoked expectations the Federal Reserve will ... More >>
While you were sleeping: Earnings, data bolster Wall St
Thursday, 6 August 2015, 7:48 am | BusinessDesk
Aug. 6 (BusinessDesk) - Wall Street moved higher as better-than-expected corporate earnings such as from Priceline and a better-than-expected report on US services outweighed disappointing sales from Walt Disney and lower-than-expected private payrolls ... More >>
MARKET CLOSE: NZ shares rise as Contact stock changes hands
Wednesday, 5 August 2015, 5:37 pm | BusinessDesk
MARKET CLOSE: NZ shares rise as Contact stock changes hands; F&P Healthcare, SkyTV gain More >>
Seeka to buy Australia's Bunbartha Fruit Packers for A$22M
Wednesday, 5 August 2015, 5:35 pm | BusinessDesk
Aug. 5 (BusinessDesk) - Seeka Kiwifruit Industries, the country's biggest kiwifruit grower, has agree dot buy Australia's Bunbartha Fruit Packers for A$22 million, making it the biggest kiwifruit grower on both sides of the Tasman. More >>
NZ dollar falls on soft jobs data, slumping milk prices
Wednesday, 5 August 2015, 5:15 pm | BusinessDesk
Aug. 5 (BusinessDesk) - The New Zealand dollar fell as soft employment data and a slump in dairy prices reinforced expectations the Reserve Bank will continue to lower the official cash rate, while comments from a US Federal Reserve official firmed ... More >>
Tui brewery staff in shock as DB proposes to cut staff 2/3
Wednesday, 5 August 2015, 5:09 pm | BusinessDesk
Tui brewery staff in shock as DB proposes cuts to nearly two-thirds of jobs More >>
Adherium seeks up to A$35 million through ASX IPO
Wednesday, 5 August 2015, 4:36 pm | BusinessDesk
Aug. 5 (BusinessDesk) - Adherium, a New Zealand medical devices company, wants to raise as much as A$35 million from Australian and Kiwi investors in an initial public offering on the ASX, to help fund the commercial roll out of its product and continue ... More >>
CORRECT: Auckland Airport's Robertson, Spillane to depart
Wednesday, 5 August 2015, 1:41 pm | BusinessDesk
Aug. 5 (BusinessDesk) - Two members of Auckland International Airport’s executive team are leaving the company following a review of its direction and strategy. More >>
Capital + Merchant receivers nearer to making small payment
Wednesday, 5 August 2015, 1:29 pm | BusinessDesk
Aug. 5 (BusinessDesk) - The receivers for Capital + Merchant, the finance company that failed in 2007 leaving 7,500 debenture holders $167 million out of pocket, are closer to making a distribution of some $10 million after settling some claims with ... More >>
Weakening dairy prices weigh on Fonterra payout
Wednesday, 5 August 2015, 1:26 pm | BusinessDesk
Weakening dairy prices stoke speculation Fonterra payout may fall to lowest in almost a decade More >>
UPDATE: 'Slack' labour market keeps door open for rate cuts
Wednesday, 5 August 2015, 1:12 pm | BusinessDesk
Aug. 5 (BusinessDesk) - New Zealand's slackening labour market gives the Reserve Bank more reason to cut interest rates as wage hikes remain muted and jobs growth lags behind an expanding working population for the first time since September 2012. More >>
NZX trading activity, value of turnover rise in July
Wednesday, 5 August 2015, 11:53 am | BusinessDesk
Aug. 5 (BusinessDesk) - The volume and value of trading on New Zealand's stock exchange rose for a second month in July as investors prepared for earnings season to kick off in August. More >>
Two Auckland Airport senior executives depart the company
Wednesday, 5 August 2015, 11:47 am | BusinessDesk
Aug. 5 (BusinessDesk) - Two members of Auckland International Airport’s executive team are leaving the company following a review of its direction and strategy. More >>
Xero's Jenkins to leave this year when Narayan is aboard
Wednesday, 5 August 2015, 11:30 am | BusinessDesk
Xero executive Ross Jenkins to step down this year after handover to incoming CFO Narayan More >>
NZ unemployment rate rises to 5.9% on weaker jobs growth
Wednesday, 5 August 2015, 10:53 am | BusinessDesk
Aug. 5 (BusinessDesk) - New Zealand's jobless rate rose in the second quarter as the number of new jobs created failed to keep pace with an expanding working population driven by record migration. The kiwi dollar fell. More >>
Auckland house price growth stalls in July: Barfoot
Wednesday, 5 August 2015, 10:46 am | BusinessDesk
Aug. 5 (BusinessDesk) - Auckland house price growth appears to have stalled, even as turnover remains high, as properties are deemed "fully priced", according to Barfoot & Thompson, the city's largest realtor. More >>
Origin Energy to take A$270M impairment as it exits Contact
Wednesday, 5 August 2015, 9:43 am | BusinessDesk
Aug. 5 (BusinessDesk) - Origin Energy will book a A$270 million impairment in the process of exiting its majority shareholding in Contact Energy, the company said in announcing it has completed the sale of the 53.1 percent stake in the Wellington-headquartered ... More >>
Intueri cuts full-year guidance a second time, citing softer
Wednesday, 5 August 2015, 9:24 am | BusinessDesk
Aug. 5 (BusinessDesk) - Intueri Education Group, New Zealand's largest private training college, cut its full-year earnings guidance for a second time, citing weaker sales at its Quantum Education Group division and higher-than-expected costs. More >>
NZ dollar drops after dairy prices decline; US rate outlook
Wednesday, 5 August 2015, 8:28 am | BusinessDesk
Aug. 5 (BusinessDesk) - The New Zealand dollar dropped, hit by a double whammy as dairy prices declined further at the latest GlobalDairyTrade auction and after a report stoked speculation the Federal Reserve would hike interest rates next month. More >>
