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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 771]
Heineken extracts fatter annual dividend from DB than profit
Monday, 27 July 2015, 1:06 pm | BusinessDesk
July 27 (BusinessDesk) - For the second year in a row, global beer group Heineken NV has pulled out a bigger dividend than its New Zealand subsidiary, DB Breweries, earned. More >>
Yashili, Danone collaboration to cover new Pokeno milk plant
Monday, 27 July 2015, 12:26 pm | BusinessDesk
July 27 (BusinessDesk) - Chinese-owned Yashili International Holdings will collaborate with French dairy giant Danone on its new $212 million plant in Auckland, as part of a wider deal for the Chinese milk formula maker to buy Danone's Dumex China brand ... More >>
NZ onion growers look to better season after export slide
Monday, 27 July 2015, 9:26 am | BusinessDesk
July 27 (BusinessDesk) - New Zealand onion growers are optimistic about a better season for the country’s largest fresh vegetable export after suffering a 16 percent decline in the past year as poor weather affected yields and returns were hit by ... More >>
NZ dollar weakens as commodity prices fall
Monday, 27 July 2015, 8:36 am | BusinessDesk
July 27 (BusinessDesk) - The New Zealand dollar fell after signs of weaker Chinese manufacturing activity weighed on commodity prices, denting demand for commodity currencies. More >>
World Week Ahead: Fed meets, US GDP rebound awaited
Monday, 27 July 2015, 7:56 am | BusinessDesk
July 27 (BusinessDesk) - After a week of disappointing US corporate earnings and a slide in commodity prices took their toll on Wall Street, investors are eyeing the US Federal Reserve for guidance on the timing of an interest rate hike. More >>
World Week Ahead: Fed meets, US GDP rebound awaited
Monday, 27 July 2015, 7:56 am | BusinessDesk
July 27 (BusinessDesk) - After a week of disappointing US corporate earnings and a slide in commodity prices took their toll on Wall Street, investors are eyeing the US Federal Reserve for guidance on the timing of an interest rate hike. More >>
MARKET CLOSE: NZ shares extend fall on OCR disappointment
Friday, 24 July 2015, 5:33 pm | BusinessDesk
July 24 (BusinessDesk) - New Zealand shares extended their fall from a record, led by Meridian Energy, as investors remained disappointed by yesterday's smaller interest rate cut than expected. Genesis Energy and Fletcher Building declined. More >>
Australian consortium said to be in no hurry A2 bid
Friday, 24 July 2015, 5:26 pm | BusinessDesk
Australian consortium said to be in no hurry to up their bid for A2 Milk More >>
NZ dollar heads for 1.1% weekly gain
Friday, 24 July 2015, 5:07 pm | BusinessDesk
NZ dollar heads for 1.1% weekly gain as RBNZ takes softer approach to rate cuts More >>
Briscoe makes five-for-9 cash and scrip offer for Kathmandu
Friday, 24 July 2015, 4:59 pm | BusinessDesk
July 24 (BusinessDesk) - Briscoe Group, the retailer controlled by managing director Rod Duke, is offering Kathmandu Holdings shareholders a mixture of cash and scrip which equates to a 5 cent premium on the outdoor equipment retailer's last share ... More >>
Serco relieved of control at Mt Eden prison
Friday, 24 July 2015, 4:51 pm | BusinessDesk
July 24 (BusinessDesk) - Multi-national private prison operator Serco has been forced to hand back control of Auckland's Mt Eden remand prison to the Department of Corrections, which has used a 'step-in' clause in its contract with Serco following a string of ... More >>
Financial Services Council launches investigation into churn
Friday, 24 July 2015, 4:28 pm | BusinessDesk
July 24 (BusinessDesk) - The Financial Services Council, the industry-led lobby group, has commissioned a report into sales incentives in the personal insurance industry following concerns about unnecessary policy switching. More >>
New health and safety rules relaxed for small businesses
Friday, 24 July 2015, 3:44 pm | BusinessDesk
July 24 (BusinessDesk) - Health and safety law reform sparked by the Pike River coalmine disaster has been reported back from the industrial relations select committee with weakened requirements on small businesses to appoint health and safety representatives ... More >>
RBNZ governor Wheeler to speak on outlook for NZ economy
Friday, 24 July 2015, 3:32 pm | BusinessDesk
July 24 (BusinessDesk) - New Zealand Reserve Bank governor Graeme Wheeler will speak at a breakfast event at the Tauranga Chamber of Commerce next Wednesday about the outlook for the New Zealand economy, which will give him a chance to detail his thoughts ... More >>
MTF a key test case to clarify consumer credit standards
Friday, 24 July 2015, 2:26 pm | BusinessDesk
July 24 (BusinessDesk) - The Commerce Commission says its ongoing consumer credit dispute with Motor Trade Finance is its most significant case for establishing rules on what fees lenders can charge. More >>
Australian fund manager L1 Capital cashes in Chorus shares
Friday, 24 July 2015, 12:41 pm | BusinessDesk
July 24 (BusinessDesk) - Australian fund manager L1 Capital has cashed up its stake in local telecommunications network operator Chorus, booking a 34 percent gain over the past year. More >>
NZ posts first trade deficit for June in six years
Friday, 24 July 2015, 10:55 am | BusinessDesk
July 24 (BusinessDesk) - New Zealand posted its first trade deficit for a June month in six years as imports rose more than expected. More >>
Silver Fern Farms suspends shares pending capital raise news
Friday, 24 July 2015, 10:25 am | BusinessDesk
July 24 (BusinessDesk) - Meat processor Silver Fern Farms has suspended trading of its shares on the Unlisted exchange until further notice as it continues with its capital raising initiatives. More >>
NZ dollar holds gains after Reserve Bank toned down currency
Friday, 24 July 2015, 9:08 am | BusinessDesk
July 24 (BusinessDesk) - The New Zealand dollar held onto some of its gain after the Reserve Bank yesterday cut the benchmark interest rate by a quarter point and toned down its call for more falls in the currency, disappointing some who had bet ... More >>
While you were sleeping: Caterpillar, 3M disappoint
Friday, 24 July 2015, 7:40 am | BusinessDesk
July 24 (BusinessDesk) - Disappointing earnings from companies including Caterpillar and 3M weighed on Wall Street, while the latest reports on US jobless claims and leading indicators firmed expectations the US Federal Reserve will lift interest ... More >>
