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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 788]
While you were sleeping: Greece deal on shakier ground
Thursday, 25 June 2015, 7:39 am | BusinessDesk
June 25 (BusinessDesk) - Wall Street moved lower with European equities as the posturing between Greece and its international creditors continued, overshadowing a report showing the US economy did not contract as much in the first quarter as previously ... More >>
MARKET CLOSE: NZ shares gain, led by A2 as bidders named
Wednesday, 24 June 2015, 5:55 pm | BusinessDesk
June 24 (BusinessDesk) - New Zealand shares rose, in heavier than average trading, as A2 Milk Co again led the risers, Kathmandu rose again and Sky Network Television advanced after securing its rights to content against a soon to be phased out 'global ... More >>
NZ dollar rises from five-year low
Wednesday, 24 June 2015, 5:21 pm | BusinessDesk
June 24 (BusinessDesk) - The New Zealand dollar rose from a five-year low as investors weighed up the outlook for the US economy and interest rate increases, and whether Greece will reach a compromise with its creditors and keep its place in the Eurozone. More >>
NZ honey peak body could cost $2m, but who pays?
Wednesday, 24 June 2015, 5:14 pm | BusinessDesk
June 24 (BusinessDesk) - A proposal to create a single body representing New Zealand's beekeepers and honey product sellers could cost $2 million a year, but doesn't yet have agreement on how it would be funded. More >>
Tower faces hit of up to $5.8 mln from storm claims
Wednesday, 24 June 2015, 3:37 pm | BusinessDesk
Tower faces hit of up to $5.8 mln from storm claims By Paul McBeth More >>
Air NZ sees annual earnings rising by as much as 60%
Wednesday, 24 June 2015, 3:24 pm | BusinessDesk
June 24 (BusinessDesk) - Air New Zealand, the national carrier, expects annual earnings to rise by as much as 60 percent, with benign trading conditions continuing into the second half of the year. The shares gained 2.2 percent to $2.58 in today's trading. More >>
UPDATE:A2 confirms Dean Foods is other party in possible bid
Wednesday, 24 June 2015, 1:17 pm | BusinessDesk
UPDATE: A2 confirms Dean Foods is other party in possible takeover bid with Freedom Foods More >>
Disgraced Heart of City boss Alex Swney gets 5 years, 7 mths
Wednesday, 24 June 2015, 1:07 pm | BusinessDesk
June 24 (BusinessDesk) - The disgraced former chief executive of Auckland’s Heart of the City, Alex Swney, has been sentenced to five years and seven months in jail for tax evasion and defrauding the business group. More >>
Foodstuffs may reduce Gilmours, Toops wholesale footprint
Wednesday, 24 June 2015, 1:01 pm | BusinessDesk
June 24 (BusinessDesk) - Foodstuffs North Island, part of the cooperative group that makes up New Zealand's biggest supermarket operator, is in talks with 128 staff at five Toops and Gilmours wholesale stores which are facing the axe. More >>
US likely to force pace on TPP with fast track in place
Wednesday, 24 June 2015, 12:26 pm | BusinessDesk
June 24 (BusinessDesk) - The United States is likely to try and force the pace of negotiations to conclude the Trans-Pacific Partnership in the next few weeks, following a vote in the US Senate last night that all but ensures President Barack Obama will ... More >>
UPDATE: Sky TV, Spark shares up as Kiwis lose global access
Wednesday, 24 June 2015, 11:46 am | BusinessDesk
June 24 (BusinessDesk) - Sky Network Television and Spark New Zealand shares gained after the consortium of telecommunications companies and broadcasters cut a deal with rebel internet service providers, effectively blocking Kiwis from accessing ... More >>
Veritas sees annual profit rising as much as 28% in 2016
Wednesday, 24 June 2015, 11:29 am | BusinessDesk
June 24 (BusinessDesk) - Veritas Investments, the listed food and beverage investor, anticipates annual profit will rise as much as 28 percent in the 2016 financial year, getting to where it thought it would be in the current year before it cut guidance. More >>
SeaDragon gets $2.5M loan from cornerstone shareholder
Wednesday, 24 June 2015, 11:01 am | BusinessDesk
June 24 (BusinessDesk) - SeaDragon, which manufactures fish oil for health supplements, has secured a $2.5 million loan from a cornerstone shareholder to help fund the development of its new Omega-3 fish oil refinery in Nelson. More >>
Texas-based Dean Foods mum on rumours of A2 takeover
Wednesday, 24 June 2015, 10:44 am | BusinessDesk
June 24 (BusinessDesk) - Texas-based food and beverage company Dean Foods is keeping quiet on Australian media reports linking it to the proposed takeover of A2 Milk Co. More >>
Landcorp sees NZ dairy conversion rate slowing
Wednesday, 24 June 2015, 9:43 am | BusinessDesk
June 24 (BusinessDesk) - Landcorp Farming, which has almost tripled its milk production over the past decade, expects the rate of dairy expansion will slow as environmental restrictions, and higher land and labour costs make it less viable. More >>
Wearable tech start-up launches US$200,000 crowdfund bid
Wednesday, 24 June 2015, 9:38 am | BusinessDesk
June 23 (BusinessDesk) - Kiwi start-up I Measure U has launched a US$200,000 crowdfunding campaign today on Californian-based platform, Indiegogo, to raise funds to help manufacture its first wearable technology consumer product, offering discounted products as the ... More >>
Arvida to buy three Auckland facilities for $62M
Wednesday, 24 June 2015, 9:38 am | BusinessDesk
June 24 (BusinessDesk) - Arvida Group, which operates 17 retirement villages across the country, will buy three facilities in Auckland for $62 million in cash and shares, and will raise new capital to help pay for the acquisition. More >>
Nobody's happy with manuka honey definitions: MPI
Wednesday, 24 June 2015, 9:25 am | BusinessDesk
June 24 (BusinessDesk) - New Zealand's lack of definition for what constitutes manuka honey has overseas regulators worried about forgeries, with China likely to introduce a certification scheme for the honey imports, the Ministry for Primary Industries ... More >>
NZ ISPs to stop 'global mode' from September
Wednesday, 24 June 2015, 9:10 am | BusinessDesk
June 24 (BusinessDesk) - New Zealand internet service providers offering their customers the ability to circumvent regional restrictions on content they can access over the web will stop offering those services from September in a deal cut with broadcasters ... More >>
Pacific Edge revises annual loss to include NZX penalty
Wednesday, 24 June 2015, 9:05 am | BusinessDesk
June 24 (BusinessDesk) - Pacific Edge, which commercialised a non-invasive test for bladder cancer, revised its annual loss to include a provision for a payment to shareholders following a rule breach. More >>
