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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 774]
Alliance shareholders force a special meeting
Tuesday, 21 July 2015, 12:54 pm | BusinessDesk
July 21 (BusinessDesk) - Disgruntled Alliance Group shareholders have gathered sufficient support to force a special meeting to discuss the potential benefits and risks of a merger with fellow cooperative Silver Fern Farms. More >>
NZ net migration reaches new annual record in June
Tuesday, 21 July 2015, 11:19 am | BusinessDesk
July 21 (BusinessDesk) - New Zealand annual net migration rose to a new record in June as arrivals continued to be bolstered by Chinese and Indian students, while fewer locals departed for Australia. More >>
Kiwi cereal maker Smartfoods accelerates expansion plans
Tuesday, 21 July 2015, 10:20 am | BusinessDesk
July 21 (BusinessDesk) - Kiwi cereal maker Smartfoods is about to shift into a new factory that will treble production capacity as part of a five-year plan to boost revenue to $50 million from $15.7 million by jumping on a trend towards healthier ... More >>
NZ councils float wish-list for funding changes
Tuesday, 21 July 2015, 10:00 am | BusinessDesk
July 21 (BusinessDesk) - Local Government New Zealand, which represents the nation's 78 local authorities, wants greater flexibility in the way its members fund their operations, with property rates too narrow to address the changing economic and demographic ... More >>
GeoOp graduates to NZX main board from NZAX
Tuesday, 21 July 2015, 9:40 am | BusinessDesk
July 21 (BusinessDesk) - GeoOp, the workforce management app, will migrate from the New Zealand Alternative Index to the NZX main board after flagging the possibility of further capital raising to fund its growth. More >>
NZ dollar spikes up after PM Key notes rapid decline
Tuesday, 21 July 2015, 8:49 am | BusinessDesk
NZ dollar touches 66 US cents after PM Key says it's fallen faster than expected More >>
While you were sleeping: Nasdaq hits fresh high
Tuesday, 21 July 2015, 7:54 am | BusinessDesk
July 21 (BusinessDesk) - Wall Street rose towards fresh record highs amid optimism about US corporate earnings. More >>
No more govt sweeteners to keep Tiwai Point open, Key says
Monday, 20 July 2015, 6:20 pm | BusinessDesk
July 20 (BusinessDesk) - The foreign owners of the Tiwai Point aluminium smelter have had discussions with Finance Minister Bill English about further sweeteners to keep the New Zealand's most energy-intensive industrial plant open and been told ... More >>
Key front-foots economic mood: no need for 'needless gloom'
Monday, 20 July 2015, 5:56 pm | BusinessDesk
July 20 (BusinessDesk) - The New Zealand economy is resilient and New Zealanders should not "needlessly talk ourselves into a gloomy mindset" because of the fall in dairy prices and international risks such as the Greek economic bail-out ... More >>
Market Close: NZ shares edge up as earnings season looms
Monday, 20 July 2015, 5:43 pm | BusinessDesk
July 20 (BusinessDesk) - New Zealand shares edged higher, led by Skellerup Holdings, as investors prepare for next month's earnings season where they will expect companies to deliver higher profits. A2 Milk Co declined after rejecting a potential takeover ... More >>
NZ dollar gains as PM Key comments on speed of kiwi falls
Monday, 20 July 2015, 5:22 pm | BusinessDesk
NZ dollar gains as PM Key comments on speed of kiwi falls By Paul McBeth More >>
Mega rings in the board changes after ownership shuffle
Monday, 20 July 2015, 4:29 pm | BusinessDesk
July 20 (BusinessDesk) - Mega, the file storage and encryption firm, has reshuffled its board after ownership changes last week, with Auckland lawyer Jesse Nguy and investor John Sorensen appointed directors. More >>
NZ Dollar Outlook: Kiwi may advance
Monday, 20 July 2015, 1:37 pm | BusinessDesk
July 20 (BusinessDesk) - The New Zealand dollar may advance this week as the Reserve Bank disappoints some traders positioned for an aggressive interest rate cut of 50 basis points by limiting its reduction to a quarter-point. More >>
UPDATE: A2 shares fall as investors weigh up funding needs
Monday, 20 July 2015, 12:04 pm | BusinessDesk
July 20 (BusinessDesk) - A2 Milk Co shares fell to a three-week low as investors weighed up the company's funding needs after the board turned down a potential offer from cornerstone shareholder Freedom Foods Group and US food and beverage firm Dean ... More >>
NZ services sector hits most buoyant level in 11 months
Monday, 20 July 2015, 11:28 am | BusinessDesk
July 20 (BusinessDesk) - New Zealand's services sector, which accounts for about two-thirds of the economy, was at its most buoyant level in 11 months in June. More >>
Exporter earnings ripe for upgrades after kiwi dollar slump
Monday, 20 July 2015, 10:36 am | BusinessDesk
July 20 (BusinessDesk) - Sharemarket analysts are expecting a slew of profit upgrades and new commentary from stock exchange-listed exporters in the upcoming earnings season following the recent slump in the value of the New Zealand dollar, says Andrew ... More >>
A2 says FY earnings flat, sees growth in 2016
Monday, 20 July 2015, 9:56 am | BusinessDesk
July 20 (BusinessDesk) - A2 Milk Co, which markets milk with a protein variant said to have health benefits, says annual earnings were flat and are set to triple in 2016 with sales expected to rise faster than forecast. Separately, the company has ... More >>
Augusta buys industrial property in Brisbane for syndication
Monday, 20 July 2015, 9:19 am | BusinessDesk
July 20 (BusinessDesk) - Augusta Capital, the listed property investor and fund manager, has bought industrial property in Australia's Brisbane which it plans to offer through a syndication later this year. More >>
Summerset buys land to expand Warkworth retirement village
Monday, 20 July 2015, 9:04 am | BusinessDesk
July 20 (BusinessDesk) - Summerset Group, New Zealand's third-largest listed retirement village operator, has bought land in Warkworth, enabling it to extend its existing village. More >>
NZ dollar finds support at 'Goldilocks' level of 65 US cents
Monday, 20 July 2015, 8:34 am | BusinessDesk
July 20 (BusinessDesk) - The New Zealand dollar found support around 65 US cents, which Prime Minister John Key has previously referred to as the "Goldilocks" level - neither too high nor too low - following a sharp decline as traders priced ... More >>
