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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 784]
While you were sleeping: No deal until referendum
Thursday, 2 July 2015, 8:17 am | BusinessDesk
July 2 (BusinessDesk) - Wall Street rose, with a late burst of buying, on positive jobs data, setting aside news that euro-zone leaders told Greece they won’t negotiate a new bailout offer until after the July 5 referendum. More >>
Dairy product prices extend slide to six-year low
Thursday, 2 July 2015, 6:32 am | BusinessDesk
July 2 (BusinessDesk) - Dairy product prices continued their slide, paced by whole milk power, in the latest GlobalDairyTrade auction, weakening to the lowest level in six years. More >>
UPDATE: MARKET CLOSE: NZ shares rise; MRP, Genesis up
Wednesday, 1 July 2015, 5:44 pm | BusinessDesk
July 1 (BusinessDesk) - New Zealand shares rose, as Meridian Energy gained after an extension on Tiwai Point smelter renewed investor interest in utility companies. Kathmandu Holdings dropped as Briscoe Group detailed its takeover offer. More >>
MARKET CLOSE: NZ shares rise; MRP, Genesis gain on Tiwai
Wednesday, 1 July 2015, 5:36 pm | BusinessDesk
July 1 (BusinessDesk) - New Zealand shares rose, as Meridian Energy gained after an extension on Tiwai Point smelter renewed investor interest in utility companies. Kathmandu Holdings dropped as Briscoe Group detailed its takeover offer. More >>
NZ dollar bounces from 5-year low as Greece misses deadline
Wednesday, 1 July 2015, 5:22 pm | BusinessDesk
July 1 (BusinessDesk) - The New Zealand dollar rose from a five-year low after Greece missed its debt repayment deadline, while a deteriorating local economic outlook stokes expectations for steeper interest rate cuts. More >>
VMob's McDonald's deal rolled out to South Korea
Wednesday, 1 July 2015, 5:14 pm | BusinessDesk
July 1 (BusinessDesk) - VMob Group, the NZAX-listed mobile voucher developer, has rolled its global deal with fast-food chain McDonald's into South Korea, adding 400 stores to its targeted voucher system. More >>
UPDATE: AWF Madison seeks 75% hike in directors' fee pool
Wednesday, 1 July 2015, 4:59 pm | BusinessDesk
July 1 (BusinessDesk) - Shareholders of AWF Madison Group, the country’s largest recruiter and labour provider, are being asked to vote in favour of a $150,000 increase in directors’ fees at the annual general meeting later this month. More >>
Chorus registers interest in government's UFB, RBI plan
Wednesday, 1 July 2015, 4:34 pm | BusinessDesk
July 1 (BusinessDesk) - Chorus, the telecommunications network operator, has expressed interest in the government's plans to expand the state-sponsored ultrafast broadband network and rural broadband initiatives. More >>
Briscoe offers 89.7 mln shares, $32.3M cash for Kathmandu
Wednesday, 1 July 2015, 4:01 pm | BusinessDesk
Duke to retain control as Briscoe offers 89.7 mln shares, $32.3M cash for rest of Kathmandu More >>
AWF Madison seeks 75% hike in directors' fee pool
Wednesday, 1 July 2015, 3:35 pm | BusinessDesk
July 1 (BusinessDesk) - Shareholders of AWF Madison Group, the country’s largest recruiter and labour provider, are being asked to vote in favour of a $150,000 increase in directors’ fees at the annual general meeting later this month. More >>
NZX milk powder futures point to further declines at GDT
Wednesday, 1 July 2015, 2:48 pm | BusinessDesk
July 1 (BusinessDesk) - The price for New Zealand's key dairy export, whole milk powder, is set to decline further at tonight's GlobalDairyTrade auction as dairy companies head into the new season and ramp up production. More >>
Kiwibank blocked from closing money remitter's accounts
Wednesday, 1 July 2015, 1:47 pm | BusinessDesk
July 1 (BusinessDesk) - Kiwibank has been blocked from closing E-Trans International Finance's bank accounts after the money remitter challenged the state-owned lender's move in the High Court. More >>
2 Cheap Cars to challenge Japanese new car dealerships in NZ
Wednesday, 1 July 2015, 11:59 am | BusinessDesk
July 1 (BusinessDesk) - 2 Cheap Cars, which has built a nationwide chain of auto yards selling used imports since starting four years ago, said it plans to enter the market for new cars by parallel importing of Toyota, Honda and Mazda vehicles. More >>
Nuplex keeps buyback programme suspended until August
Wednesday, 1 July 2015, 11:40 am | BusinessDesk
July 1 (BusinessDesk) - Nuplex Industries, the specialty chemicals maker, won't resume a share buyback programme until after its reports annual earnings in mid-August. More >>
DNZ sells Albany office block for $15.2 mln, above valuation
Wednesday, 1 July 2015, 11:34 am | BusinessDesk
July 1 (BusinessDesk) - DNZ Property Fund, which is more than halfway through an asset sale programme, has sold an office block in Auckland's Albany for $15.2 million, 3.1 percent above the property's last valuation. More >>
Z Energy argues purchase of Caltex won't drive up pump price
Wednesday, 1 July 2015, 11:27 am | BusinessDesk
Z Energy argues purchase of Caltex won't drive up pump prices or reduce competition More >>
NZ primary sector bosses mull growth plans at Stanford
Wednesday, 1 July 2015, 10:35 am | BusinessDesk
July 1 (BusinessDesk) - New Zealand’s largest primary sector businesses, including meat companies Silver Fern Farms and Alliance Group, seafood groups Sanford and Sealord, and milk processors Fonterra Cooperative Group and Miraka, are on a bootcamp in the ... More >>
TruScreen raises $1.6 mln in share purchase plan
Wednesday, 1 July 2015, 10:33 am | BusinessDesk
July 1 (BusinessDesk) - TruScreen, the NZAX-listed cervical cancer test developer, raised $1.56 million in an oversubscribed share purchase plan to help fund its push into Asia. More >>
Brierley brings investment vehicle, Mercantile, to NZX
Wednesday, 1 July 2015, 9:49 am | BusinessDesk
July 1 (BusinessDesk) - Veteran corporate raider Ron Brierley is bringing his latest investment vehicle, Mercantile Investment, to the NZX, with a listing scheduled for next week. More >>
Tiwai Smelter termination deadline pushed out
Wednesday, 1 July 2015, 8:53 am | BusinessDesk
July 1 (BusinessDesk) - Meridian Energy and Rio Tinto-controlled New Zealand Aluminium Smelters have extended their electricity agreement for another month, giving the Tiwai Point smelter owner a little more time to sort out its electricity needs. More >>
