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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 787]
Diligent censured for 3rd time in 2 years
Friday, 26 June 2015, 2:15 pm | BusinessDesk
Diligent censured for 3rd time in 2 years after Weldon's departure causes compliance gap More >>
Kiwi currency still 'unjustifiable', 'unsustainable': RBNZ
Friday, 26 June 2015, 12:45 pm | BusinessDesk
June 26 (BusinessDesk) - New Zealand's Reserve Bank reiterated that the local currency is at "unjustifiable and unsustainable levels", conditions that need to be met for it to intervene in the foreign exchange market. More >>
CORRECT: AMP Capital NZ lifts 2014 income, profit up on sale
Friday, 26 June 2015, 12:16 pm | BusinessDesk
June 25 (BusinessDesk) - AMP Capital Investors (New Zealand), the local funds management arm of Australia's AMP, reported a 6.7 percent gain in net fee income in 2014, while the sale of a stake in a property management business to its parent generated a jump ... More >>
AMP Capital NZ lifts 2014 profit on sale to parent
Friday, 26 June 2015, 11:41 am | BusinessDesk
June 25 (BusinessDesk) - AMP Capital Investors (New Zealand), the local funds management arm of Australia's AMP, reported a 6.7 percent gain in net fee income in 2014, while the sale of a stake in a property management business to its parent generated a jump ... More >>
NZ annual trade deficit unexpectedly shrinks in May
Friday, 26 June 2015, 10:57 am | BusinessDesk
June 26 (BusinessDesk) - New Zealand’s annual trade deficit unexpectedly shrank in May as exports rose more than forecast and imports lagged predictions. More >>
Heartland dismisses F&P Finance speculation
Friday, 26 June 2015, 10:19 am | BusinessDesk
June 26 (BusinessDesk) - Heartland New Zealand, the bank formed through the merger of Canterbury and Southern Cross building societies with Marac Finance, has dismissed media speculation that it is in the running to buy Fisher & Paykel Finance. More >>
Burger King NZ reports $7.5M loss on rising finance costs
Friday, 26 June 2015, 10:15 am | BusinessDesk
June 24 (BusinessDesk) - Blackstone Group's Burger King chain in New Zealand continues to lose money as sales growth is swallowed up by finance costs and other expenses. More >>
Independent Liquor puts Mill on the block to focus on brands
Friday, 26 June 2015, 9:52 am | BusinessDesk
June 26 (BusinessDesk) - Independent Liquor (NZ), the liquor company owned by Japan's Asahi Group, has put its Mill Retail Holdings chain of liquor stores up for sale after just two years to focus on building its beverage brands business. More >>
NZX sells Link Market Services stake for up to $14.3M
Friday, 26 June 2015, 9:01 am | BusinessDesk
NZX sells Link Market Services stake for up to $14.3M, eyes NZClear; buys investment platform More >>
NZ dollar little changed as Greek debt talks continue
Friday, 26 June 2015, 8:32 am | BusinessDesk
June 26 (BusinessDesk) - The New Zealand dollar was little changed as currency traders await the outcome of Greek negotiations with its creditors ahead of an International Monetary Fund payment due on Monday, when its current bailout programme expires. More >>
While you were sleeping: Greeks down to the wire
Friday, 26 June 2015, 7:57 am | BusinessDesk
June 26 (BusinessDesk) - Equities on both sides of the Atlantic moved lower after a meeting of euro-zone finance ministers broke up without agreement on Greece, and German Chancellor Angela Merkel warned that Germany would not be “ blackmailed.” More >>
Fragmented honey industry votes to create single peak body
Thursday, 25 June 2015, 6:06 pm | BusinessDesk
June 25 (BusinessDesk) - Federated Farmers Bees, Honey Packers' and Exporters' Association, and National Beekeepers' Association have all voted to proceed with plans to create a single national body for the apiculture industry. More >>
MARKET CLOSE: NZ shares fall; MRP, Genesis drop; A2 declines
Thursday, 25 June 2015, 5:37 pm | BusinessDesk
June 25 (BusinessDesk) - New Zealand shares fell as traders weighed whether a regulatory threat was returning to the energy sector. MightyRiverPower, Genesis Energy, Meridian Energy and Contact Energy declined. A2 Milk Company fell as investors looked to crystalise ... More >>
NZ dollar extends gain as Greek debt deal comes into focus
Thursday, 25 June 2015, 5:14 pm | BusinessDesk
June 25 (BusinessDesk) - The New Zealand dollar extended its recovery from a five-year low against a backdrop of increasingly investor concern about the negotiations between Greece and its international creditors. More >>
Vital Healthcare to spend A$14.5 mln on Victorian hospital
Thursday, 25 June 2015, 4:08 pm | BusinessDesk
June 25 (BusinessDesk) - Vital Healthcare Property Trust, the listed hospital developer, has announced a A$14.5 million project for its South Eastern Private Hospital in Melbourne, and is expanding its land base in Newcastle. More >>
Precinct sells another Wellington building for $76 mln
Thursday, 25 June 2015, 3:56 pm | BusinessDesk
June 25 (BusinessDesk) - Precinct Properties New Zealand, which raised $174.1 million in March to help fund major developments, sold another property in Wellington's central business district, while saying its latest valuation has bumped up the worth of its ... More >>
Precinct sells another Wellington building for $76 mln
Thursday, 25 June 2015, 3:56 pm | BusinessDesk
June 25 (BusinessDesk) - Precinct Properties New Zealand, which raised $174.1 million in March to help fund major developments, sold another property in Wellington's central business district, while saying its latest valuation has bumped up the worth of its ... More >>
Independent Liquor writes off goodwill as FY loss widens
Thursday, 25 June 2015, 11:56 am | BusinessDesk
Independent Liquor writes off remaining goodwill as FY loss widens, puts Mill on the block More >>
Fonterra guaranteed milk price oversubscribed, scaled back
Thursday, 25 June 2015, 11:30 am | BusinessDesk
June 25 (BusinessDesk) - Fonterra Cooperative Group had twice as many farms offer to supply milk for a guaranteed price for the upcoming season than last season amid uncertainty about when global milk prices will recover. More >>
NZ dollar advances as investors take a breather from decline
Thursday, 25 June 2015, 8:44 am | BusinessDesk
June 25 (BusinessDesk) - The New Zealand dollar gained as investors deemed its recent decline had gone too far, too fast. More >>
