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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 793]
While you were sleeping: Greek dance worries markets
Tuesday, 16 June 2015, 7:30 am | BusinessDesk
June 16 (BusinessDesk) - Wall Street moved lower with European equities, while US Treasuries rose, amid concern about the hardening of stances in talks between Greece and its international creditors as this month’s deadline looms large. More >>
Cabinet taking close interest in health and safety reforms
Monday, 15 June 2015, 5:54 pm | BusinessDesk
June 15 (BusinessDesk) - Senior government ministers are as interested as backbenchers in efforts to reduce the impact of proposed health and safety reforms on small businesses and farmers, according to Prime Minister John Key. More >>
Government confident over use of Crown land for housing: Key
Monday, 15 June 2015, 5:47 pm | BusinessDesk
June 15 (BusinessDesk) - The government is confident it can develop Crown land for housing without first offering it to Maori under right of refusal clauses in Treaty of Waitangi settlements, says Prime Minister John Key. More >>
MARKET CLOSE: NZ shares fall; MRP, Meridian, Genesis decline
Monday, 15 June 2015, 5:34 pm | BusinessDesk
June 15 (BusinessDesk) - New Zealand shares fell, as Contact Energy and MightyRiverPower were sold by investors looking to crystallise recent gains. Fisher & Paykel Healthcare slipped from a record high. More >>
NZ dollar extends decline ahead of GDP, dairy auction
Monday, 15 June 2015, 5:09 pm | BusinessDesk
June 15 (BusinessDesk) - The New Zealand dollar extended its decline sinking below 70 US cents last week for the first time in five years, with traders awaiting economic data this week for more clues to the track of interest rates. More >>
Living Cell trial shows neurological improvements
Monday, 15 June 2015, 3:12 pm | BusinessDesk
June 15 (BusinessDesk) - Living Cell Technologies, an ASX-listed biotech company with operations based in New Zealand, said results of a small preliminary trial of its NTCELL therapy aimed at neuro-degenerative diseases showed the four patients ... More >>
Companies listing on the new NXT market to provide forecasts
Monday, 15 June 2015, 2:21 pm | BusinessDesk
June 15 (BusinessDesk) - Small- to medium-sized companies that list on NZX’s new NXT market, which launches this Thursday with the compliance listing of G3 Group, will have to make annual forecasts not required of their main board counterparts. More >>
NZ Post considers sale of Coverga unit in Australia
Monday, 15 June 2015, 2:11 pm | BusinessDesk
June 15 (BusinessDesk) - New Zealand Post is considering the sale of its mail and record management outsourcing unit, Converga, and has hired 333 Capital to help with the potential exit of its last peripheral Australian business. More >>
NZ Dollar Outlook: Kiwi may fall amid dairy weakness
Monday, 15 June 2015, 12:41 pm | BusinessDesk
June 15 (BusinessDesk) - The New Zealand dollar, which hit a five-year low at the weekend, may fall further this week amid concern prices may remain weak in the latest dairy auction and on expectations improving US data will boost the prospects for ... More >>
CORRECT: Pulse Energy narrows full-year loss
Monday, 15 June 2015, 12:29 pm | BusinessDesk
June 15 (BusinessDesk) - Small-scale electricity retailer Pulse Energy narrowed its full-year loss as sales volumes rose, bad debts fell, operating expenses were kept under control, and the company switched banks to arrangements it expects will lower ... More >>
Abano appoints Richard Keys as chief executive
Monday, 15 June 2015, 12:03 pm | BusinessDesk
June 15 (BusinessDesk) - Abano Healthcare Group appointed Richard Keys to take over as head of the specialist medical investment firm, when Alan Clarke leaves later in the year. More >>
Pulse Energy narrows full-year loss, sees positive outlook
Monday, 15 June 2015, 11:38 am | BusinessDesk
June 15 (BusinessDesk) - Small-scale electricity retailer Pulse Energy narrowed its full-year net loss sales volumes rose, bad debts fell, operating expenses were kept under control, and the company switched banks to arrangements it expects will lower ... More >>
NZ services growth accelerates in May: PSI
Monday, 15 June 2015, 11:04 am | BusinessDesk
June 15 (BusinessDesk) - New Zealand's services sector, which accounts for about two-thirds of the economy, grew at a faster pace in May than a month earlier, helped by rising tourist numbers and international students. More >>
NZBio backs fresh debate over new biotechnologies
Monday, 15 June 2015, 10:01 am | BusinessDesk
June 15 (BusinessDesk) - NZBio has waded into the debate over using new biotechnologies, including genetic modification, backing a call by Treasury secretary Gabriel Makhlouf for another look at New Zealand’s attitude to risk. More >>
Cookd Global, expanding Esquires chain, narrows annual loss
Monday, 15 June 2015, 9:57 am | BusinessDesk
June 15 (BusinessDesk) - Cooks Global Foods, which is taking the Esquires coffee chain outside of New Zealand and Australia, narrowed its annual loss while expanding its global footprint. More >>
NZ dollar falls below 70 US cents, further rate cuts seen
Monday, 15 June 2015, 8:44 am | BusinessDesk
June 15 (BusinessDesk) - The New Zealand dollar ended last week below the key 70 US cent level and touched a five-year low over the weekend after the Reserve Bank cut interest rates and traders priced in further reductions in coming months. More >>
World Week Ahead: Fed meeting in focus
Monday, 15 June 2015, 7:49 am | BusinessDesk
June 15 (BusinessDesk) - A meeting of Federal Reserve policy makers forms the key focus for the coming days, though the ongoing precarious arm wrestling between Greece and its international creditors won’t be far behind. More >>
MARKET CLOSE: NZ shares fall; Spark, Fletcher decline
Friday, 12 June 2015, 5:34 pm | BusinessDesk
June 12 (BusinessDesk) - New Zealand shares fell, as offshore investors sold blue chip equities, such as Spark New Zealand and Fletcher Building, in the face of a declining dollar. MightyRiverPower, Genesis Energy and Contact Energy rose on the ... More >>
Punakaiki first fund to do NZ equity crowdfunding
Friday, 12 June 2015, 5:24 pm | BusinessDesk
June 12 (BusinessDesk) - High profile tech investor Lance Wiggs' Punakaiki Fund launched the first equity crowdfunding campaign for a private equity fund in New Zealand on the Snowball Effect platform. More >>
NZ dollar heads for 2% decline on TWI basis after RBNZ cuts
Friday, 12 June 2015, 5:09 pm | BusinessDesk
June 12 (BusinessDesk) - The New Zealand dollar is heading for a 2 percent weekly decline on a trade-weighted basis after the Reserve Bank surprised some investors with a rate cut yesterday, citing a deteriorating terms of trade on falling dairy ... More >>
