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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 769]
MARKET CLOSE: NZ shares rise; F&P Healthcare gains to record
Wednesday, 29 July 2015, 5:47 pm | BusinessDesk
July 29 (BusinessDesk) - New Zealand shares rose as a decline in the currency and the promise of lower interest rates boosted sentiment for equities. Meridian Energy led the market higher, as Fisher & Paykel Healthcare rose to a record. More >>
Mainfreight calls for transport strategy involving KiwiRail
Wednesday, 29 July 2015, 5:40 pm | BusinessDesk
July 29 (BusinessDesk) - Mainfreight chairman Bruce Plested has criticised what he says is the government's lack of a national transport plan, throwing his support behind state-owned rail operator KiwiRail and calling it an integral part of the ... More >>
'Unprecedented' building activity seen on back of Auckland
Wednesday, 29 July 2015, 5:05 pm | BusinessDesk
July 29 (BusinessDesk) - An "unprecedented" level of building work is predicted over the coming six years, due largely to Auckland's housing boom, a new reports says. More >>
IkeGPS eyes US market listing, needs cornerstone investor
Wednesday, 29 July 2015, 4:58 pm | BusinessDesk
July 29 (BusinessDesk) - Ike GPS, the laser measurement tool developer, is mulling a US listing but is first looking for a cornerstone shareholder from its major market. More >>
Ryman seeks 70% 5-year growth, mulls ASX listing
Wednesday, 29 July 2015, 4:23 pm | BusinessDesk
July 29 (BusinessDesk) - Ryman Healthcare, New Zealand’s largest retirement village operator, plans to increase resident numbers by 70 percent in the next five years in New Zealand and Australia as it also mulls an ASX listing. More >>
CORRECT: Abano shares gain as earnings, dividend impress
Wednesday, 29 July 2015, 2:32 pm | BusinessDesk
July 29 (BusinessDesk) - Abano Healthcare shares gained after the specialist medical investor lifted underlying earnings 46 percent, and paid a fatter dividend, underpinned by its dental and audiology businesses. More >>
NZ women earn on average $608,000 less than men over life
Wednesday, 29 July 2015, 2:05 pm | BusinessDesk
Kiwi women earn on average $608,000 less than men over their lifetime, ANZ report says More >>
Investors go through 9 market cycles throughout their life
Wednesday, 29 July 2015, 1:25 pm | BusinessDesk
July 29 (BusinessDesk) - An investor is likely to go through nine market upturns and downturns over their lifetime, according to research into market cycles by global asset management firm Russell Investments. More >>
Westland Milk cuts payout further as dairy prices fall
Wednesday, 29 July 2015, 12:46 pm | BusinessDesk
July 29 (BusinessDesk) - Westland Milk Products, New Zealand's second-largest dairy cooperative, cut its forecast milk payout to farmers by 10 cents for the current season and for next season's by $1, in the face of sustained weakness in global dairy ... More >>
Affinity approaches bankers ove possible sale of Tegel Foods
Wednesday, 29 July 2015, 12:36 pm | BusinessDesk
July 29 (BusinessDesk) - Affinity Equity Partners, the pan-Asian private equity firm, has approached a number of investment banks as it looks to sell New Zealand's largest poultry business, Tegel Foods. More >>
UPDATE: Abano shares gain as earnings, dividend impress
Wednesday, 29 July 2015, 12:33 pm | BusinessDesk
July 29 (BusinessDesk) - Abano Healthcare shares gained after the specialist medical investor lifted underlying earnings 46 percent, and paid a fatter dividend, underpinned by its dental and audiology businesses. More >>
UPDATE: Wheeler reins in exuberant rate-cut forecasters
Wednesday, 29 July 2015, 11:20 am | BusinessDesk
July 29 (BusinessDesk) - Reserve Bank governor Graeme Wheeler has signalled the need for moderate further interest rate cuts in the year ahead, while predicting inflation will accelerate to the level the bank targets in the next nine to 12 months. The ... More >>
Wheeler downplays scope for 'large' rates fall; kiwi gains
Wednesday, 29 July 2015, 9:46 am | BusinessDesk
July 29 (BusinessDesk) - Reserve Bank governor Graeme Wheeler says some market commentators are predicting further declines in interest rates that would only make sense for an economy in recession, although some easing is likely to be needed to maintain ... More >>
SkyCity says Darwin casino tax impost smaller than expected
Wednesday, 29 July 2015, 9:41 am | BusinessDesk
July 29 (BusinessDesk) - SkyCity Entertainment Group, the listed hotel and casino operator, will face a smaller than expected increase in operating costs after Australia's Northern Territory government completed its review of the state's gaming taxes. More >>
Abano posts loss on exit impairments; underlying earnings OK
Wednesday, 29 July 2015, 9:39 am | BusinessDesk
July 29 (BusinessDesk) - Abano Healthcare, the listed healthcare investor, reported an annual loss after recognising impairment charges on the sale of its pathology and orthotics units, though underlying earnings were at the top end of guidance from ... More >>
Coats to take loss on 'difficult' sale of EMEA Crafts unit
Wednesday, 29 July 2015, 8:54 am | BusinessDesk
July 29 (BusinessDesk) - Coats Group, the company that grew out of diversified investor Guinness Peat Group, says the sale of its EMEA Crafts business to Aurelius Group will be completed on Friday although the loss on sale won't be announced until its ... More >>
NZ dollar gains before Wheeler speech, as stocks rebound
Wednesday, 29 July 2015, 8:34 am | BusinessDesk
July 29 (BusinessDesk) - The New Zealand dollar rose ahead of a speech by Reserve Bank governor Graeme Wheeler, on speculation he may soften his language about an easing bias, and after stocks rebounded and commodities gained. More >>
While you were sleeping: UPS, Pfizer deliver results
Wednesday, 29 July 2015, 6:59 am | BusinessDesk
July 29 (BusinessDesk) - Wall Street climbed on better-than-expected corporate earnings including from United Parcel Service and Pfizer, while the latest economic reports suggested the US Federal Reserve might hold off an interest rate hike longer than ... More >>
MARKET CLOSE: NZ shares fall on China jitters, Xero, Pacific
Tuesday, 28 July 2015, 5:32 pm | BusinessDesk
July 28 (BusinessDesk) - New Zealand shares fell in a broad based sell off, as China's stock market volatility spooked investors. Pacific Edge, Xero and Heartland New Zealand all declined. More >>
NZ dollar gains as Beijing tries to support stocks
Tuesday, 28 July 2015, 5:30 pm | BusinessDesk
July 28 (BusinessDesk) - The New Zealand dollar rose after Beijing said it was continuing efforts to support the ailing Chinese stock market, slowing their decline, while locally traders await a speech by the Reserve Bank governor tomorrow. More >>
