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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 794]
Merger aims to give kiwi telematics companies global reach
Friday, 12 June 2015, 3:38 pm | BusinessDesk
June 11 (BusinessDesk) - An alliance aimed at making New Zealand’s telematics companies world market leaders has led to two members merging to boost their scale. More >>
NZ wool prices ease from highs in latest auction
Friday, 12 June 2015, 3:38 pm | BusinessDesk
June 12 (BusinessDesk) - New Zealand wool prices eased from recent highs at auction this week as shorter wool failed to attract the same premium as longer wool on offer the previous week. More >>
Evergrande NZ Cowala launches premium formula brand
Friday, 12 June 2015, 2:46 pm | BusinessDesk
June 12 (BusinessDesk) - Evergrande NZ Cowala Dairy, a China-New Zealand joint venture, launched a premium infant formula brand, Opobaby, which it hopes will help generate sales of 20 million cans into the world's second-biggest economy over the next three ... More >>
Minnie Cooper plans to close stores, move online
Friday, 12 June 2015, 2:04 pm | BusinessDesk
June 12 (BusinessDesk) - Minnie Cooper, the New Zealand shoe manufacturer, is closing its two local stores and moving to a smaller range online as retailers face increased competition from cheaper online rivals. More >>
PGG Wrightson lifts annual earnings outlook
Friday, 12 June 2015, 1:00 pm | BusinessDesk
PGG Wrightson lifts annual earnings outlook for a second time, warns of weak farmer confidence More >>
NZ manufacturing activity weakens for a third month in May
Friday, 12 June 2015, 11:39 am | BusinessDesk
June 12 (BusinessDesk) - New Zealand manufacturing activity declined for a third straight month in May, while remaining in expansion, as production slipped into contraction. More >>
NZ food prices rise in May on more expensive meat and veges
Friday, 12 June 2015, 11:24 am | BusinessDesk
June 12 (BusinessDesk) - New Zealand food prices rose from a four-month low in May, as more expensive meat and vegetables offset a decline in fruit prices. More >>
Metlifecare CEO Alan Edwards plans to retire next year
Friday, 12 June 2015, 10:50 am | BusinessDesk
June 12 (BusinessDesk) - Alan Edwards, chief executive of Metlifecare, plans to retire in 2016, ending six years heading up the retirement village operator. More >>
Regulator begins review into dairy competition
Friday, 12 June 2015, 10:35 am | BusinessDesk
June 12 (BusinessDesk) - The Commerce Commission has released details of the scope of its inquiry into whether Fonterra Cooperative Group's 87 percent of New Zealand's milk pool gives it too much market dominance. More >>
TruScreen posts annual loss, sees blue skies in China
Friday, 12 June 2015, 10:24 am | BusinessDesk
June 12 (BusinessDesk) - TruScreen, the NZAX-listed cervical cancer test developer, posted a small loss in its first annual filing as a listed company and has lined up China to underpin growth having achieved regulatory approval and several supply ... More >>
VMob widens annual loss as sales surge on global customers
Friday, 12 June 2015, 10:01 am | BusinessDesk
June 12 (BusinessDesk) - VMob, the NZAX-listed mobile voucher developer, widened its annual loss as it forgoes profit and chases sales growth through key global customers. More >>
Enprise ekes out small annual profit
Friday, 12 June 2015, 9:49 am | BusinessDesk
June 12 (BusinessDesk) - Enprise Group, the accounting software reseller, posted an annual profit in its first filing on the NZAX as it places greater emphasis on the New Zealand market, where it derives most of its revenue. More >>
Snakk boosts annual revenue 40%; loss more than doubles
Friday, 12 June 2015, 9:18 am | BusinessDesk
Snakk boosts annual revenue 40% amid push into South East Asia, loss more than doubles More >>
NZ dollar falls below 70 US cents
Friday, 12 June 2015, 8:37 am | BusinessDesk
NZ dollar falls below 70 US cents for the first time in almost 5 years after RBNZ cut More >>
While You Were Sleeping: US retail sales grow, IMF walks
Friday, 12 June 2015, 7:49 am | BusinessDesk
June 12 (BusinessDesk) - US retail sales gained last month, helping lift stocks on Wall Street and the greenback, even though the advance was tempered by a stumble in talks to break Greece’s debt impasse. More >>
MARKET CLOSE: NZ shares rise; MRP, Contact up; Air NZ falls
Thursday, 11 June 2015, 5:40 pm | BusinessDesk
June 11 (BusinessDesk) - New Zealand shares rose in a broad-based rally including MightyRiverPower and Contact Energy after the Reserve Bank surprised some investors by cutting interest rates. Air New Zealand declined. More >>
NZ dollar tumbles almost 2 US cts after RBNZ cuts rates
Thursday, 11 June 2015, 5:21 pm | BusinessDesk
NZ dollar tumbles almost 2 US cts after RBNZ cuts rates, signals more to come More >>
NXT to launch with compliance listing from mail firm G3
Thursday, 11 June 2015, 4:10 pm | BusinessDesk
June 11 (BusinessDesk) - G3 Group, a mail operations and document management company, will launch NZX's market for small- to medium-sized businesses with a compliance listing on the NXT market. More >>
Ngai Tahu to expand into Auckland market, taps David Kennedy
Thursday, 11 June 2015, 3:31 pm | BusinessDesk
June 11 (BusinessDesk) - Ngāi Tahu Property, the property investor of the dominant South Island iwi, is entering the Auckland market and has snagged Eden Park Trust boss David Kennedy to lead the expansion. More >>
A2 sues ABC over "bogus" claims
Thursday, 11 June 2015, 3:27 pm | BusinessDesk
June 11 (BusinessDesk) - A2 Milk Co, the dual-listed milk marketing company, is suing the Australian Broadcasting Corporation alleging misleading and deceptive statements in advertising its consumer affairs programme, The Checkout. More >>
