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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 768]
MARKET CLOSE: NZ shares rise; Heartland, Kathmandu climb
Thursday, 30 July 2015, 5:41 pm | BusinessDesk
July 30 (BusinessDesk) - New Zealand shares rose. Heartland New Zealand advanced after the bank affirmed its profit guidance. Kathmandu Holdings gained on the back of a positive earnings forecast by its would-be acquirer, Briscoe Group. More >>
NZ dollar falls on Wheeler's argument for weaker currency
Thursday, 30 July 2015, 5:10 pm | BusinessDesk
July 30 (BusinessDesk) - The New Zealand dollar fell as a combination of Reserve Bank governor Graeme Wheeler's message that the currency needs to depreciate and a more optimistic US labour market view from the US Federal Reserve weighed on the ... More >>
Moa employees get access to new share scheme
Thursday, 30 July 2015, 4:47 pm | BusinessDesk
July 30 (BusinessDesk) - Craft beer maker Moa Group will give workers another chance to get shares in the company, with a long-term employee option scheme issuing up to 1.2 million share options, More >>
Millennium & Copthorne 1H profit soars 93%
Thursday, 30 July 2015, 3:49 pm | BusinessDesk
July 30 (BusinessDesk) - Millennium & Copthorne Hotels New Zealand, the hotel operator and property developer, boosted first-half profit by 93 percent as it lifted the performance of its hotel operations and its property developments turned profitable ... More >>
Harmoney founder and CEO Neil Roberts leaves board
Thursday, 30 July 2015, 3:36 pm | BusinessDesk
July 30 (BusinessDesk) - Neil Roberts, founder and majority owner of Harmoney Corp, has stepped down from the peer-to-peer lender's board but will remain as chief executive. More >>
NZ billionaires generally increased their wealth
Thursday, 30 July 2015, 3:08 pm | BusinessDesk
NZ billionaires generally increased their wealth, as record 15 new entrants added to NBR Rich List More >>
Todd family patriarch Sir John Todd dies
Thursday, 30 July 2015, 1:39 pm | BusinessDesk
July 30 (BusinessDesk) - Sir John Todd, the patriarch of New Zealand's wealthy Todd family, has died aged 88 after a period of illness. More >>
CDL Investments lifts 1H profit 3.6% on 'satisfactory' sales
Thursday, 30 July 2015, 12:43 pm | BusinessDesk
July 30 (BusinessDesk) - CDL Investments, the residential property developer controlled by Millennium & Copthorne Hotels New Zealand, lifted first-half profit 3.6 percent on what it called "satisfactory" sales which reflected the current market. More >>
Jetstar has 6th NZ domestic route, adds trans-Tasman flights
Thursday, 30 July 2015, 12:21 pm | BusinessDesk
July 30 (BusinessDesk) - Jetstar, the low-cost offshoot of Australian-owned Qantas Airways, will add a sixth domestic route with a new Wellington/Dunedin schedule and bolster its trans-Tasman flights as it looks to win passengers from dominant rival ... More >>
Brierley's Mercantile wins over Ask Funding board
Thursday, 30 July 2015, 12:02 pm | BusinessDesk
July 30 (BusinessDesk) - Ron Brierley's Mercantile Investment has won over the board of takeover target Ask Funding after sweetening its offer last week. More >>
Radford to stay at Bethunes board after Mowbray departs
Thursday, 30 July 2015, 11:45 am | BusinessDesk
July 30 (BusinessDesk) - Bethunes Investments' outgoing chairman Murray Radford will stay on the board of the auction house formerly known as Mowbray Collectables after founder John Mowbray declared his resignation as director yesterday. More >>
NZ home building consents fall 4.1% in June
Thursday, 30 July 2015, 11:20 am | BusinessDesk
July 30 (BusinessDesk) - New Zealand residential building consents fell 4.1 percent in June as construction intentions in Canterbury tapered off, with the region's housing rebuild nearing a plateau. More >>
NZOG seeks partners for 2017 drilling offshore Otago
Thursday, 30 July 2015, 10:55 am | BusinessDesk
July 30 (BusinessDesk) - New Zealand Oil & Gas says exploration drilling of the Barque prospect in the Canterbury basin, which has the potential to be the nation's biggest-ever hydrocarbon discovery, is expected to start in 2017, subject to securing ... More >>
Saatchi & Saatchi NZ billings drop, Clemenger commissions up
Thursday, 30 July 2015, 10:10 am | BusinessDesk
Saatchi & Saatchi NZ owner's 2014 billings drop 4.7%, Clemenger's commissions rise 6.3% More >>
Turners buys Southern Finance for $5 million
Thursday, 30 July 2015, 9:28 am | BusinessDesk
July 30 (BusinessDesk) - Turners, formerly known as Dorchester Pacific, has bought Southern Finance for $5 million, giving the finance company greater exposure in the South Island as it continues to expand its loan book. More >>
Heartland says 2016 profit may rise as much as 15%
Thursday, 30 July 2015, 9:27 am | BusinessDesk
July 30 (BusinessDesk) - Heartland New Zealand, the Auckland-based lender, said profit may rise as much as 15 percent in 2016, while affirming its guidance for earnings this year to reach the top of its forecast range. More >>
Briscoe says first-half profit rose at least 8.1%
Thursday, 30 July 2015, 9:12 am | BusinessDesk
July 30 (BusinessDesk) - Briscoe Group, the retail chain mounting a hostile takeover of Kathmandu Holdings, says first-half profit rose at least 8.1 percent, outpacing sales growth in the period, as the company continued to fatten its margins. More >>
Gentrack CEO Docking to leave after decade in charge
Thursday, 30 July 2015, 8:54 am | BusinessDesk
July 30 (BusinessDesk) - Gentrack Group chief executive James Docking is to leave next year, ending a decade-long tenure as leader of the transport and utilities software developer. More >>
While you were sleeping: Wall St gains on Fed
Thursday, 30 July 2015, 8:53 am | BusinessDesk
July 30 (BusinessDesk) - Wall Street’s rally accelerated on better-than-expected earnings and after the US Federal Reserve kept alive expectations it will raise its target interest rate this year as the outlook for the economy brightens. More >>
NZ dollar falls as upbeat Fed drives greenback higher
Thursday, 30 July 2015, 8:49 am | BusinessDesk
July 30 (BusinessDesk) - The New Zealand dollar fell after the Federal Reserve noted a strengthening US labour market and improvement in the housing market, factors that may herald a lift in US interest rates from near zero. The greenback was broadly ... More >>
