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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 770]
NZ institutional investors set up new governance forum
Tuesday, 28 July 2015, 4:55 pm | BusinessDesk
July 28 (BusinessDesk) - A group of New Zealand’s leading institutional investors plan to flex their investment muscle over corporate governance through a newly set up forum. More >>
Green Cross declares 15 cent special dividend
Tuesday, 28 July 2015, 3:18 pm | BusinessDesk
July 28 (BusinessDesk) - Green Cross Health, formerly known as PharmacyBrands, will return $20.3 million to shareholders through a special dividend after reviewing its capital structure. More >>
Maori businesses more optimistic, profitable
Tuesday, 28 July 2015, 1:44 pm | BusinessDesk
July 28 (BusinessDesk) - Maori businesses are more optimistic and recording stronger profit growth than non-Maori firms as the focus of the sector shifts from righting historical grievances to looking to the future, ANZ Bank's 2015 Maori business report ... More >>
Health and safety reforms preserve main principles: Z Energy
Tuesday, 28 July 2015, 11:58 am | BusinessDesk
July 28 (BusinessDesk) - The government's Health and Safety Reform Bill has retained the most important principles that underpinned it and will "over time help to shift how we think about health and safety in New Zealand," says Julian Hughes, ... More >>
A2's Babidge has 730% return upon settling partly-paid stock
Tuesday, 28 July 2015, 11:51 am | BusinessDesk
A2's Babidge sitting on 730% return after settling partly-paid shares worth $4.98 mln More >>
SeaDragon sees 60% boost in 2016 sales, positive earnings
Tuesday, 28 July 2015, 10:41 am | BusinessDesk
July 28 (BusinessDesk) - SeaDragon, which this month announced plans for a deeply discounted rights issue, expects annual sales to rise 60 percent in 2016, helping generate positive pretax earnings. More >>
Drought, weak dairy prices hit NZX agri publications adverts
Tuesday, 28 July 2015, 9:16 am | BusinessDesk
July 28 (BusinessDesk) - NZX, the stock market operator, said advertising in its portfolio of agricultural publications dropped 17 percent in the first half, reflecting the slump in dairy prices and the impact of drought. More >>
Summerset buys land in Parnell for new premium site
Tuesday, 28 July 2015, 8:55 am | BusinessDesk
July 28 (BusinessDesk) - Summerset Group, the country's third-biggest listed retirement village operator, has bought a 2.3 hectare site in Auckland's Parnell which it plans to develop as a premium site. More >>
NZ dollar gains vs. Australian dollar on Chinese stock rout
Tuesday, 28 July 2015, 8:36 am | BusinessDesk
July 28 (BusinessDesk) - The New Zealand dollar rose to a six-and-a-half week high against its trans-Tasman counterpart after a slump in Chinese equities markets weighed more heavily on the currency of Australia, which counts China as its biggest export ... More >>
Govt to 'crowd-source' regulatory advice
Tuesday, 28 July 2015, 7:59 am | BusinessDesk
July 28 (BusinessDesk) - A wide-ranging set of reforms is to be implemented to shake up the way New Zealand government agencies develop, write and implement regulations. More >>
Fonterra hits pause button on equity trust scheme; UBS walks
Monday, 27 July 2015, 5:49 pm | BusinessDesk
July 27 (BusinessDesk) - Fonterra Co-operative Group has put on hold plans to develop an Equity Partnership Trust that would have given its 10,500 farmer suppliers access to investor capital to help them with the compulsory purchase of Fonterra shares ... More >>
MARKET CLOSE: NZ shares fall; MRP, Genesis, Fletcher decline
Monday, 27 July 2015, 5:45 pm | BusinessDesk
July 27 (BusinessDesk) - New Zealand shares fell in lighter than usual trading, led by MightyRiverPower, as investors wait on a decision over the future of the Tiwai Point aluminium smelter. Fletcher Building and Ebos Group declined. More >>
Key blames Labour for barrier to foreign buyer ban
Monday, 27 July 2015, 5:31 pm | BusinessDesk
July 27 (BusinessDesk) - Prime Minister John Key has blamed the way the Labour-led government of the 2000s structured the free trade agreement with China for making it impossible for a future government to impose a ban on land sales to foreign investors, ... More >>
NZ dollar drifts ahead of Wheeler speech, FOMC
Monday, 27 July 2015, 5:10 pm | BusinessDesk
July 27 (BusinessDesk) - The New Zealand dollar rose against the US dollar ahead of a speech by Reserve Bank governor Graeme Wheeler on Wednesday and a US interest rate review at the end of the week. More >>
UPDATE: FMA issues first stop to Auckland property investor
Monday, 27 July 2015, 4:58 pm | BusinessDesk
July 27 (BusinessDesk) - The Financial Markets Authority has issued its first stop order under the Financial Markets Conduct Act against Green Gardens Finance Trust Limited (GGFT) which has been taking deposits from people for Auckland property investments ... More >>
Class suits legn still in purgatory, Appeal Court judge says
Monday, 27 July 2015, 4:15 pm | BusinessDesk
July 27 (BusinessDesk) - Justice Forrest Miller, who sits on the Court of Appeal, says class actions provide an extra avenue to help enforce the Commerce Act, but legislation governing the way they should be run is still "in purgatory." More >>
FMA issues stop order against Green Gardens Finance Trust
Monday, 27 July 2015, 4:04 pm | BusinessDesk
July 27 (BusinessDesk) - The Financial Markets Authority has issued its first stop order under the Financial Markets Conduct Act against Green Gardens Finance Trust Limited (GGFT) and is warning people to be wary of doing business or depositing money ... More >>
Bethunes launchesdeeply discounted rights issue
Monday, 27 July 2015, 3:24 pm | BusinessDesk
July 27 (BusinessDesk) - Bethunes Investments, formerly known as Mowbray Collectables, is looking to raise up to $2.87 million at a 93 percent discount to the current share price, and wants new investors to help keep its struggling auction houses afloat. More >>
NZ dollar outlook: Kiwi may trade in range this week
Monday, 27 July 2015, 1:25 pm | BusinessDesk
July 27 (BusinessDesk) - The New Zealand dollar may remain rangebound this week as traders assess their positions ahead of next week's GlobalDairyTrade auction. More >>
G3 reports first quarter metrics in line with targets
Monday, 27 July 2015, 1:12 pm | BusinessDesk
July 27 (BusinessDesk) - G3 Group, the mail operations and document management company which is listed on the new small-cap NXT market, says first-quarter trading was in line with targets. More >>
