Scoop has an Ethical Paywall
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 782]
NZ Dollar Outlook: Kiwi may fall after Greek 'No' vote
Monday, 6 July 2015, 12:25 pm | BusinessDesk
NZ Dollar Outlook: Kiwi may fall as Greek 'No' vote adds downward pressure to rate outlook More >>
EQC to double payout, scrap contents insurance
Monday, 6 July 2015, 11:54 am | BusinessDesk
July 6 (BusinessDesk) - New Zealand's Earthquake Commission may double its payout amount, scrap contents insurance and process claims through private insurers under the government's long-running review of funding and management of the state-run earthquake ... More >>
FMA settles Hanover civil case for $18 million
Monday, 6 July 2015, 10:12 am | BusinessDesk
July 6 (BusinessDesk) - The Financial Markets Authority has settled a civil claim against the directors and promoters of failed finance company Hanover Finance for $18 million just two weeks before it was due to be heard in court. More >>
Investors sought for Sapvax cancer vaccine spin-out
Monday, 6 July 2015, 9:34 am | BusinessDesk
July 6 (BusinessDesk) - Investors are being sought for US$8 million of funding to commercialise an anti-cancer vaccine using immunotherapy technology developed by a team led by Maurice Wilkins Centre director Rod Dunbar and Margaret Brimble, director ... More >>
Moody's upgrades Air NZ credit rating
Monday, 6 July 2015, 8:56 am | BusinessDesk
Moody's upgrades Air NZ credit rating on new approach to leases, low jet fuel prices More >>
NZ dollar touches fresh lows on concern about Greece
Monday, 6 July 2015, 8:41 am | BusinessDesk
July 6 (BusinessDesk) - The New Zealand dollar fell to a fresh five-year low as investors exited riskier assets in favour of safe havens after Greeks look to have rejected austerity measures that would give them access to bailout money. More >>
World Week Ahead: Greece and US earnings
Monday, 6 July 2015, 7:40 am | BusinessDesk
July 6 (BusinessDesk) - A fresh US corporate earnings season and Friday’s speech by Federal Reserve Chair Janet Yellen might help distract attention from the Greek euro-zone tragedy as the results of the country’s referendum are assessed. More >>
MARKET CLOSE: NZ shares fall on Greek worries; A2, Xero drop
Friday, 3 July 2015, 5:33 pm | BusinessDesk
July 3 (BusinessDesk) - New Zealand shares fell as uncertainty over Greece's debt default sapped risk appetite and demand for equities. A2 Milk Co, Xero and Fletcher Building declined. Pumpkin Patch sank to a record low. More >>
NZ dollar heads for 1.8% weekly drop; Greek referendum looms
Friday, 3 July 2015, 5:10 pm | BusinessDesk
July 3 (BusinessDesk) - The New Zealand dollar is heading for a 1.8 percent weekly decline as financial markets remain volatile ahead of Greece's referendum on whether to accept a bailout package from its European creditors, and as the wheels start ... More >>
UPDATE: Beingmate slides further in Shenzhen tumble
Friday, 3 July 2015, 3:12 pm | BusinessDesk
July 3 (BusinessDesk) - Beingmate Baby & Child Food Co shares have more than halved in value on the Shenzhen stock exchange over the past three weeks, pushing their price 21 percent below what Fonterra Cooperative Group paid for its 18.8 percent ... More >>
BAT NZ sucks up excise tax hike as annual earnings slip 3.9%
Friday, 3 July 2015, 2:15 pm | BusinessDesk
July 3 (BusinessDesk) - British American Tobacco Holdings (New Zealand), the nation's largest cigarette company, reported a 3.9 percent decline in annual profit as it absorbed the government's latest hike in excise tax. More >>
Murray Radford resigns as chairman of Mowbray
Friday, 3 July 2015, 2:08 pm | BusinessDesk
July 3 (BusinessDesk) - Murray Radford will retire as chairman of Mowbray Collectibles as the auction house prepares to rename as Bethunes after selling units and repaying debt. More >>
RESEND: Alliance shareholders confident of forcing meeting
Friday, 3 July 2015, 1:48 pm | BusinessDesk
July 3 (BusinessDesk) - Disgruntled Alliance Group shareholders say they hope to have the support from 5 percent of their number within the next 10 days that's required to force a special meeting to discuss the potential benefits and risks of a merger ... More >>
Alliance shareholders confident of forcing meeting on merger
Friday, 3 July 2015, 12:41 pm | BusinessDesk
July 3 (BusinessDesk) - Disgruntled Alliance Group shareholders say they hope to have the support from 5 percent of their number within the next 10 days required to force a special meeting to discuss the potential benefits and risks of a merger ... More >>
Beingmate joins Shenzhen selloff
Friday, 3 July 2015, 11:55 am | BusinessDesk
Beingmate joins Shenzhen selloff to trade 12% below price Fonterra paid for 18.8% stake More >>
Pumpkin Patch sees drop in 2016 earnings; shares tumble
Friday, 3 July 2015, 10:46 am | BusinessDesk
July 3 (BusinessDesk) - Pumpkin Patch, the ailing children's clothing retailer, expects earnings next year will be "significantly below" this year amid increasingly challenging international wholesale markets and adverse forecast currency impacts. More >>
Auckland house sales reach 11-year high for June month
Friday, 3 July 2015, 10:40 am | BusinessDesk
Auckland house sales reach 11-year high for June month as winter starts to bite More >>
GE Finance NZ 2014 profit falls by 10%
Friday, 3 July 2015, 10:38 am | BusinessDesk
July 2 (BusinessDesk) - GE Finance and Insurance, part of General Electric's finance arm which is selling down most of its assets worldwide, recorded a 10 percent fall in profit last year, reflecting a decline in finance income and rising costs. More >>
NZX trading activity, value of turnover increase in June
Friday, 3 July 2015, 9:24 am | BusinessDesk
July 3 (BusinessDesk) - The volume and value of trading on New Zealand's stock exchange increased last month, led by a gain in smaller-value trades. More >>
MRP's Metrix cans Trustpower contract before it begins
Friday, 3 July 2015, 8:56 am | BusinessDesk
July 3 (BusinessDesk) - MightyRiverPower's Metrix metering business has walked away from a deal with Infratil-controlled Trustpower that would have supplied the power company's 242,000 electricity customers with smart meters. More >>
